All Redfin Reports
Pricing Advice: Make the Last 3 Digits -500
There are very few people with Matt Bell’s zeal for negotiating. He is 6’5”, with a large, slow smile that seems to bespeak an unused capacity for terrific violence, and he is faultlessly congenial. The best way to summarize our friendship is to say that he taught me to shotgun a beer for the first
DIY Comparative Market Analysis
The old way: explain your real estate needs and desires to an agent, he searches for listings, wait, wait, wait until he shares the details with you. The Redfin way: search for real estate on your own terms, whether in your PJs or work duds, get immediate information. The old way: once you fell in
The Taxman Does Not Cometh
With tax season upon us, folks have been asking and analyzing and holding forth about whether our refunds are taxable as income. We recently got an answer from the IRS that commission refunds are not taxable. This means that when you buy a $1 million dollar house from Redfin and get a $19,500 commission refund
OK, We Can Be Moved .01%
Thanks to McKinsey-trained Kevin Boer, one of several brokers who reviewed Redfin’s NWMLS data, Redfin has discovered that we screwed up the accounting for one transaction in our analysis of Redfin’s negotiating advantage. Except for this transaction, Kevin seems to have corroborated our analysis. We originally reported that our King County buyers got a final
Here We Stand, For We Cannot Be Moved
Publishing MLS data that shows that Redfin got a better deal for buyers than agents at other brokerages sparked a riot yesterday: here, here, here, here, here, here, here, here, here, here and here. We also showed up in Freakonomics (holy cow!). There has been a healthy discussion about how to interpret the data: whether
A Year’s Numbers Come in From the MLS: Redfin Agents Negotiate Better
Redfin announced big news today, publishing MLS data that indicates our agents negotiate significantly better than their counterparts at traditional brokerages. Last month at Brad Inman’s big real estate conference in New York, Realtor.com President Allan Dalton accused Redfin and other critics of a “massive level of disingenuous communication,” because we ignore the likelihood that
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