Press Release

Online real estate broker Redfin Corporation (http://www.redfin.com) today launched "Red Carpet Services" to help make it easier and more affordable for online real estate shoppers to find and purchase a home. The first two services offer home buyers free home tours and pre-inspections. Separately today, Redfin announced it has refunded $1 million in commissions to home buyers.

Red Carpet Services include:

• Free Home Tours: The first home tour with a Redfin agent, up to three hours per household, is free. Future tours are $125 per home or $250 for a three-hour tour. To schedule a free home tour, call 1.877.973.3346.
• Free Pre-Inspections: If the buyer conducts a pre-inspection before Redfin submits the offer to the listing agent, Redfin will reimburse the pre-inspection costs at closing. Pre-inspections show the seller and listing agent that an offer is serious and eliminates a possible contingency, making the offer more competitive.
• Redfin will announce more Red Carpet Services in the future.

"Redfin's free home tour program overcomes a common objection to buying a home online. Redfin customers now are able to view homes on their own schedule - independent of an open house or listing agent appointment," said Rob McGarty, Redfin's director of real estate. "Blending free, in-person services with our online home buying service make it even easier and more efficient for Redfin customers to find and buy a home, while saving about $10,000 on average."

Redfin (www.redfin.com) is the real estate industry's first online brokerage, currently available in the Boston, Chicago, Los Angeles, Orange County, San Diego, San Francisco Bay, Seattle and Washington, D.C. areas. Redfin combines the best real estate search site with local, experienced real estate agents. Redfin.com's map search displays the most homes for sale and information about those homes. Customers who use Redfin to buy or sell properties earn a refund of most of the commission traditionally due their broker, and get full support in paperwork, offer presentation, negotiations and closing. Redfin has the highest customer satisfaction rate in the industry – 96 percent, and is the only brokerage with a 100-percent-customer-satisfaction guarantee. To give the Redfin service a try, visit www.redfin.com; to keep track of our daring exploits visit our blog at blog.redfin.com, or our customer message boards at http://forums.redfin.com.