Wondering what this “RedFin” thing is?
Two things –
1 – Robert Scoble notes it “I wondered why everyone was searching for “RedFin” and then I found the RedFin blog and saw that they were on the famous American TV show 60 Minutes last night.” (italics mine. Robert clearly knows that he is writing for an international audience, something all real estate copy should seek to emulate)
2 – There is an extraordinary amount of conversation in the re.net, but this is the most succinct comment I have yet seen about RedFin.
The fact that Kelly Engel didn’t take the time to physically look at the property her clients were buying is more a commentary on the level of service she offered as a Realtor than on Realtors overall. I suspect Redfin is a better fit for her as an employer.
One point that I thought was the most interesting was Glen, the Redfin CEO, mentioning how one of his agents does 8 deals a week. I think this translates into 5 hours per client from start to finish which shows the tradeoffs clients need to make when choosing between discount brokers and full service Realtors.
My conclusion is that Redfin is great for people who want the Home Depot remodeling experience. No doubt, it can save them a lot of money but there are differences when dealing with a tele-agent versus an on the ground one.