The Redfin listing fee is subject to a minimum based on the market and does not include a buyer's agent commission, which is typically paid by the seller. In these new markets, the 1 percent listing fee applies to customers who both buy and sell with Redfin within a 360 day period. For customers who sell with a Redfin agent, but do not buy, Redfin will continue to charge a 1.5 percent listing fee, already a substantial savings. For customers who sell first, Redfin will charge a 1.5 percent listing fee upon the sale, then refund the half percent to the customer when they close on their home purchase, in addition to the Redfin buyer refund. Other one percent listing fee eligibility terms apply for clients that first sell and then buy. "In Philadelphia, Delaware, South Florida and Wisconsin, we are rewarding our most loyal customers: those who buy and sell with Redfin," said Krupsaw. "When a customer comes to Redfin, we want to help them with their entire move, whether it's across town or across the country. Customers appreciate working with one brokerage to ensure their move, and the often tricky timing involved, is well coordinated." Redfin's Philadelphia market includes the city and its surrounding suburbs in Pennsylvania and Delaware; it does not include southern New Jersey. In South Florida, Redfin serves the metro areas of Miami, Fort Lauderdale and Palm Beach. In Wisconsin, Redfin serves the Madison and Milwaukee metro areas. Redfin already charges a 1 percent listing fee in many of the largest U.S. metro areas. A complete list of Redfin markets that offer a 1 percent listing fee is available here. In all other markets, Redfin continues to charge a 1.5 percent listing fee. At a 1 or 1.5 percent listing fee, all sellers work with a dedicated, local Redfin agent who provides full service at every step of the process. Redfin publishes comprehensive information about each of its agents, including homes they have sold, areas of expertise and customer reviews, so sellers can choose an agent who has the local knowledge and experience that meets their needs. Redfin's full-service, tech-powered listing program includes:
The lowered listing fee in Philadelphia, Delaware, South Florida and Wisconsin is being offset by a small reduction of the Redfin refund for buyers in these markets. Buyers can continue to see the amount of the refund offered by Redfin on every home listing page. Visit https://www.redfin.com/real-estate-agents to learn more about Redfin's service and connect with a Redfin agent in your neighborhood. About Redfin 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. |