5,256,911
I prefer to work with clients who prefer Nordstrom over K-Mart - they understand that value & quality are far more important than cost.
I recently had a sale that I put 33% of my commission made on the sale into marketing their home to get them an unexpected number of buyers, Offers and ultimately more than they hoped for in a sales price as a result. What motivates a discount broker to go above and beyond to market/advertise in that manner?
-
Nina Hollander, Broker
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
John Pusa
Glendale, CA
-
Silvia Dukes PA, Broke...
Spring Hill, FL
-
Carol Williams
Wenatchee, WA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
-
Raj Taj
Lake Bluff, IL
7,869,077
The days may be limited for the several hundred thousand surplus agents.
-
Raj Taj
Lake Bluff, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Brian L. Sirota, Esq.
Orange, CA
-
Michael Jacobs
Pasadena, CA
759,785
I haven't seen a single Redfin sign anywhere in my state or across state lines in NY.
Trusting you are seeing them my answer would be- there's a small % of people who will look for a way to cheap-out of using an agent. They want to do it themselves or use a discounter because they have no idea what is involved & think we just get paid a lot to do nothing. What I see happen to those people is they fail. They fail miserably. Foxton's model was not good, they went out of business. I see Expired listings that I take from Discounters on a regular basis. Why are they expiring? Because sellers are not selling & they are regretting their initial decision & going another route; the traditional route, the best route.
I just met a woman who spent $4,000 upfront to get listed on MLS by Purple Bricks. In addition she would have to pay 2.50% to a buyers agent. Is there some sort of savings there? And how did it go? No offers & she's out $4,000 & now she has to list it with an Agent. Now she's looking for a cheap agent who'll take it for less. After hearing that I passed on her & do you know why? Because she's an idiot. She got burned trying to do it the cheapskate way & now she is looking to do it all wrong again. Our service is very valuable. Just because there's other options out there doesn't mean they are good options.
-
Raj Taj
Lake Bluff, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Carol Williams
Wenatchee, WA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lynnea Miller
Bend, OR
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,598,452
No, I did not see it
-
Peter Testa
Danbury, CT
-
John Pusa
Glendale, CA
-
Raj Taj
Lake Bluff, IL
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
2,401,675
Nope
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
John Pusa
Glendale, CA
-
Raj Taj
Lake Bluff, IL
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Wayne Martin
Chicago, IL
1,712,876
No at all. All in all, it's just another brick in the wall.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Kasey & John Boles
Boise, ID
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,231,853
Interesting comments from Rain members in other areas. None here in western PA yet.
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Debra Leisek
Homer, AK
-
Nina Hollander, Broker
Charlotte, NC
-
John Pusa
Glendale, CA
-
Raj Taj
Lake Bluff, IL
-
Bob "RealMan" Timm
Minot, ND
-
Valeria Mola
Sunny Isles Beach, FL
1,506,613
I do think the "independent" agent days are numbered, but more from court cases seeking to force agents to become full employees and get benefits and taxes withheld, than from Redfin. Currently in California we ARE EMPLOYEES of a Broker in every sense of the word, except for taxation, insurance and benefits. Anyone who tells you we are fully an "Independent Contractor" is completely wrong.
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Lynette Andrea, I am a...
Riverside, CA
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
187,002
Get lost punk, you are UNLICENSED and do not know what you are talking about.
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Peter Testa
Danbury, CT
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Raj Taj
Lake Bluff, IL
-
Bob "RealMan" Timm
Minot, ND
809,258
Redfin just came to our area. I still don't see much of them, but that may change.
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Lynette Andrea, I am a...
Riverside, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
4,180,280
I rarely see Redfin signs.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Inna Ivchenko
Encino, CA
716,452
Redfin started in Seattle and is spreading around the Pacific NW. We have seen a few signs in our local market. However, they do not have a big presence yet and refer their buyers out (one of our agents is referred these).
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Nina Hollander, Broker
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
4,583,484
There are lots of choices.
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Nina Hollander, Broker
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Valeria Mola
Sunny Isles Beach, FL
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,115,152
I don't believe so.
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John Pusa
Glendale, CA
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Raj Taj
Lake Bluff, IL
-
Bob "RealMan" Timm
Minot, ND
2,072,576
Redfin is a real estate agency with agents who hang their licenses under it's shingle. The are independent real estate agents, just like any other agent.
Your question makes no sense.
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Raj Taj
Lake Bluff, IL
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Carol Williams
Wenatchee, WA
4,904,820
Some will
Some won't
So what
Next
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
1,625,053
Not much popular for listings in my hood. Why to bother if you can negotiate % with a realtor who will give you a better service than R..n agent?
-
Nina Hollander, Broker
Charlotte, NC
-
John Pusa
Glendale, CA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,071,025
No idea.
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Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
6,422,203
Some will always seek a bargain, others will seek quality, plenty of business for all.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,583,328
no....
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,243,218
Not by a long shot!
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
430,762
He have a RF office, but only see a few signs a year. I think this is still a personal relationship business, and regardless of affiliation, consumers/clients are going to go with those that produce results. So if a licensee is with an independent and produces, they will stay busy. If they are with a national brokerage, then they will still stay busy.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,800,132
Doubtful.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
213,263
Saw my first one in Columbus this week, but I know they have been advertising for agents
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
3,350,289
I have yet to see a Redfin sign in my area. I echo Peter Testa
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Peter Testa
Danbury, CT
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
5,772,593
No redfin signs here. Each market is SO Different. One cannot generalize.
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Nina Hollander, Broker
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
788,215
No
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Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Raj Taj
Lake Bluff, IL
-
Debe Maxwell, CRS
Charlotte, NC
1,242,104
They pay for staging, repair and painting sell for less than 2%. You get a rebate buying homes. A few agents are also lawyers to protect clients.
From San Diego to Seattle big boards displaying their model on interstate freeways.
However, this kind of low Bud does not strike well with Wall Street. Its stocks tanked with Z flipping homes model ~ -35% last few days......
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Valeria Mola
Sunny Isles Beach, FL
-
Mary Yonkers
Erie, PA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,221,927
Not in my area.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,325,114
Redfin is an active competitor here. We shall see how thinks shake out for all the "disruptors" as our market has changed.
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Valeria Mola
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,163,333
Never seen one.
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Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,416,038
NO and yes i put that in all caps. Here in NH, the franchises have already bought up most of the independent companies. It actually benefits us that survive and flourish offering a greater personal service. Redfin poked its head in our market. I just saw a home down the block that expired after being for sale all summer in a market that had seen listing sell in days. Now that the market is slowing, agents have to prove their worth by attracting buyers and fostering the sale. Therefore a marketing plan of putting in a sign and posting the home in MLS doing nothing else is failing.
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Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
921,504
Here on Active Rain, every month a new class of real estate agent students ask the question, What are the qualities of the broker I should work for?"
This is an EMPLOYEE mentality and fits well within the business model of REDFIN and COLDWELL BANKER.
But the problem with your question is you do not know what an independent real estate agent is.
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Mary Yonkers
Erie, PA
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
2,684,769
Maybe.
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Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
889,505
5,878,935
4,964,616
3,986,308
Redfin has not hit my area,. I suspect they will be a pain in the neck until people figure out that they are not getting what they are paying for