In Hilton Head, South Carolina, Redfin debuts
Redfin, the tech-powered real estate broker, launched in Hilton Head, South Carolina. With Redfin’s website and mobile app, locals can list their homes for sale and search for properties within the community. Consumers will also be able to see homes in prospective neighborhoods or build custom homes with their local agents. So if you want to know more about this, then this blog is for you.
For today’s blog, exclusive for our Real Estate Heaven members, we will be talking about Redfin.
Seattle-headquartered brokerage Redfin has launched operations in Hilton Head, South Carolina, the company announced on Thursday. Homebuyers and sellers are now using Redfin to find a second home and book vacations. Redfin agents are available to answer any questions you may have, backed by Redfin’s support tools.
“Buyers and sellers across South Carolina have enjoyed working with our agents because of our highly personalized service and technology that makes the moving process easier,” said Tammy Trenholm, Redfin’s South Carolina market manager. “Those who meet us in places like Charleston or Greenville also want to work with Redfin when they buy their vacation home or investment property. We are excited to finally offer that service to consumers who are in the second home market, as well as those who choose to call Hilton Head home.”
Redfin traded in independent contractors for employees to provide a better, more affordable experience and allows sellers to list their home with them and sell it. Sellers who use Redfin are charged 1.5%, which is much less than 3% from regular brokerages, even when they don’t sell their homes with a Redfin agent.
Redfin agents provide a complete service for selling your home. This includes advice on pricing, staging, photography, marketing, and well-positioned listings. Redfin charges a 1% listing fee when you buy or sell your next home with one of their agents, which is much lower than the 2.5%-3% listing fees at most brokerages. Redfin is a fee-based, online real estate brokerage for homebuyers and sellers. As mentioned, they charge a 1.5% listing fee, which is significantly less than the typical commission. For customers who sell with Redfin without buying another home, they charge a 1.5% listing fee which is still significantly less than the typical commission.
With Redfin, you can focus on customer service while they handle the rest. It’s easy to find new leads through social media and the site. Agents are employees with a salary and benefits, so there’s never any worry about taking care of your future. In addition to its expansion into Hilton Head, the brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Thus far in 2022, Redfin has added roughly 570 new counties across 15 states to its listing search feature on its website and mobile app. For the first time, every county in Arizona, Indiana, Kentucky, Texas and Washington will be searchable for listings through Redfin.
“Everyone deserves access to fast notifications about new listings and personalized home recommendations through Redfin, so we’re excited to have brought the site to over 95 percent of the population,” Redfin Chief Growth Officer Christian Taubman said in a statement. “You can now use Redfin to help you move almost anywhere in the U.S.”
This year Redfin has also expanded its listing search to include an estimated 570 new counties across 15 states. Over 95% of the U.S. population can now use Redfin’s website and mobile app to search for homes for sale or rent, experience high-resolution 3D home tours, and sign up for instant updates so they know exactly when new homes hit the market or prices drop.
During the second quarter of the year, the brokerage company had 29% more revenue than in the previous quarter and 6% lower profits. This was the first time that Redfin did not meet its projections, as it had been publicly traded for five years. The earnings report followed Redfin’s announcement in mid-June that it would be laying off 8 percent of its employees amidst faltering homebuyer demand.
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