RDFN Redfin Corporation

Redfin Announces Trial of Concierge-Style Home-Selling Service in Los Angeles and Washington, D.C.

(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced the trial of Redfin Concierge Service, a new offering in Los Angeles and Washington, D.C. In addition to the in-person service and custom online marketing of Redfin’s current 1-percent home-selling service, Redfin Concierge coordinates, supervises and pays for services such as deep cleaning, painting, staging and landscaping, all for a 2-percent listing fee. Redfin will create a custom plan for each home to deliver the optimum presentation to buyers.

“With Redfin Concierge, our technology-driven efficiency lets us pay for painting, staging, cleaning and landscaping, all while saving customers thousands in fees,” said Redfin CEO Glenn Kelman. “No other major brokerage includes all of this in a standard offering.”

Redfin Concierge Service offers more than many traditional listing agents, at a fee of 2 percent rather than the typical 2.5 or 3 percent. Redfin Concierge Service is available for homes priced at $500,000 or higher. The 2 percent fee does not include the buyer’s agent commission, a separate fee that’s also typically between 2 and 3 percent, and paid by the seller.

“With Redfin Concierge Service, you hand us the keys, approve the action plan, and we take care of everything, including the bill,” said Roddy de la Garza, a Redfin listing agent in Los Angeles. “You just transform your home to get top dollar. And you still pay a lower fee than with a traditional real estate agent.”

Sellers who want to get their home ready for market themselves can save the most money by choosing Redfin’s full-service listing service by itself, which is just 1 percent of the home’s price in Los Angeles, Washington, D.C., and most other markets. All Redfin-listed homes, no matter the service level, get the following services, paid for by Redfin:

  • A dedicated listing agent with experience selling homes in the local area, backed by a team of support staff who make the process run smoothly;
  • One of the industry’s most thorough pricing analyses, which combines Redfin’s proprietary algorithms for estimating the value of a home, and the expertise of a local Redfin agent;
  • Professional photography;
  • A Redfin 3D Walkthrough, letting buyers view a three-dimensional floorplan, then interact with every aspect of the home from any direction online, as if walking from room to room;
  • Open houses, hosted by a Redfin agent, with visitors registered by our own iPad application for immediate follow-up;
  • Online marketing, with the listing featured above others on Redfin.com, the U.S.’s #1 brokerage website. For each listing, Redfin also runs email and digital advertising campaigns for reaching just the right buyers;
  • Pre-launch market research to Redfin buyers, with tools for gathering feedback on the number of interested buyers and what price they would pay for the property;
  • Professionally designed and beautifully produced print brochures;
  • The Redfin Home Dashboard, letting sellers track online visits to their listing and the latest competitive market conditions in their neighborhood.

“Our goal is to offer, hands down, the best home-listing service out there, and that means serving more than one kind of home seller. Redfin Concierge Service reaches a new audience of home sellers who want to get their home in top shape for selling, but want their agent to handle everything,” said Karen Krupsaw, Redfin senior vice president of real estate operations, based in Washington, D.C. “We’re thrilled to offer these folks concierge-level service that complements the local expertise of our real estate agents, and the technology and marketing that Redfin has become known for.”

For three consecutive years, Redfin has sold listings for more money, while charging a lower fee. Specifically, homes listed with Redfin sell for an average of $3,000 more than comparable listings across the country.

Redfin publishes comprehensive information about each of its agents, including homes they have sold, areas of expertise and customer reviews, so sellers can feel confident that their agent has the local knowledge and experience that’s right for them.

Homeowners who are interested in selling can visit https://www.redfin.com/why-sell to connect with a Redfin agent and learn more about Redfin’s service. To see the Redfin Estimate for your home or sign up for a free Redfin Home Report, click here.

About Redfin

Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, subscribe here. To view Redfin’s press center, click here.

EN
29/11/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Redfin Corporation

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

Redfin Reports Home Sales Dropped Significantly in Altadena and the Pa...

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January’s devastating Los Angeles wildfires, according to a new from Redfin (), the technology-powered real estate brokerage. In the (), just 12 homes sold in February, down 56% from a year earlier. And in (), 32 homes sold, down 43% year over year. Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in February—but not nearly as much as sales. There were 23 new listings in the Palisades, down 12% year over year, and 46 new list...

 PRESS RELEASE

Redfin Reports Gen Z and Millennial Homeownership Rates Flatlined in 2...

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — Young Americans are losing their momentum when it comes to homeownership, according to a new from Redfin (), the technology-powered real estate brokerage. Just over one-quarter (26.1%) of Gen Zers owned their home in 2024, essentially flat from 2023 (26.3%) and 2022 (26.2%). Before that, the Gen Z homeownership rate had increased each year since Gen Zers started aging into potential homeownership in 2017 (except 2022, when it stayed flat). The story is similar for millennials: 54.9% of millennials owned their home last year, essentially unchanged f...

 PRESS RELEASE

Redfin Reports Near-Record Housing Costs Put a Lid on Pending Sales, E...

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) —The typical U.S. homebuyer’s monthly housing payment is $2,793, just a few dollars shy of the all-time high, according to a new from Redfin (), the technology-powered real estate brokerage. Housing payments are sky-high because sale prices keep rising and mortgage rates remain high. The median home-sale price rose 3.3% year over year during the four weeks ending March 16, and the weekly average mortgage rate is 6.65%, its lowest level since mid-December but still more than double pandemic-era lows. Lack of affordability is suppressing homebuyer dem...

 PRESS RELEASE

Redfin Report: America’s Renter Population Grew 1% in the Fourth Quart...

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) —The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the first quarter of 2023, according to a new from Redfin (redfin.com), the technology-powered real estate brokerage. The number of homeowner households rose 0.8% to 86.9 million—a growth rate that’s little changed from recent quarters. That marks the first time in over a year that the number of renter and homeowner households are increasing at the same rate. Prior to this, the number of renter households had been g...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch