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David C Dibo…, Real Estate Pro in San Diego, CA

What Market Share does Redfin have in closed deals in San Diego? Where can I find Market Share info? Is it better to use a traditional agent than a?

Asked by David C Diboll, San Diego, CA Sat Mar 27, 2010

Redfin agent? Why? Thanks very much, David (david@nuvilla.com)

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8
Market share is easy to determine.

Add "List or Sell Office" to a search.
Use the magnifying glas at the end of the field and search for the office.

They list 10 offices and have have closed 2620 of the 255,978 homes sold since 2003.

Office # 41533,42354,45246,45294,45384,48038,60307,85303,14392,48549

Study your MLS. It is amazing what you can find there.

Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® Lic #00476662
Taylor Place Real Estate, Carlsbad CA
1 vote Thank Flag Link Sat Mar 27, 2010
Thanks very much Dennis- that's great info.
0 votes Thank Flag Link Sat Mar 27, 2010
Very cool Dennis! Thumbs up!
0 votes Thank Flag Link Sat Mar 27, 2010
Younger tech savvy buyers are drawn to Redfin and ZipRealty. Searching is easy. The buyer profile tends to be more tech savvy and want to search for themselves. Redfin and ZipRealty offer a refund/rebate to the buyer. Some buyers think that is what they want. Sometimes we jump to the conclusion that agents different than us are not as good. That is not necessarily correct. We recently closed a transacton with a ZipRealty agent and it was the easiest and smoothest transaction we have had in a long time. Redfin and ZipRealty have a specific market in mind and that is what they go after. To get a feel for either company or both, go on their sites and register. See what you receive as a potential buyer. That will give you an idea of why some people prefer them, and on the other hand, why some people prefer a tradtional agent such as you and I.
0 votes Thank Flag Link Sat Mar 27, 2010
I think people get lured in because they get money back or something...but I'm sure there are compromises in the quality of service. Hopefully a good agent would save the buyer whatever refund they get from Redfin with good negotations.


I did some research on them a year ago when I had buyers consider using them first. They ended up going with a traditional agent though. I think the redfin model would work poorly for first-time, inexperienced home buyers who need lots of guidance and hand-holding. The older folks with the cash probably wouldn't be attracted to this model in the first place. Just my two cents! good luck!
0 votes Thank Flag Link Sat Mar 27, 2010
"but I can only imagine they are not able to give the same level of service as a full-time buyers agent"

I myself am not a FULL TIME Buyer's Agent but rather a Full time Real Estate Agent.

Does a Full time Buyers Agent say to a potential seller "I'm sorry, I can take your listing because I am a Full Time Buyers Agent....?
Does a "Full Time Buyers Agent" not understand the selling side of the transaction?

This marketing technique IMO is just about as vague as "Multi Million Dollar Producer".


David,

Would probably best to ask them directly @ 877-973-3346
They also have forums which would probably be better asking this question there: http://forums.redfin.com/
0 votes Thank Flag Link Sat Mar 27, 2010
Hi Christine- thanks. I definitely know why my skillset is valuable to my clients, I'm just not sure how Redfin's biz model works and was looking for some clues. Thanks for the response.

David
0 votes Thank Flag Link Sat Mar 27, 2010
Hi David,

You're an agent and you are asking this question? I wouldn't dream of sending a buyer out into this crazy world of short sales and foreclosures without an experienced buyer's agent to guide him along every step of the way. I've never personally heard of 1 success story of anyone using a Redfin agent, but I can only imagine they are not able to give the same level of service as a full-time buyers agent. I've picked up a few buyers of clients who have started with Redfin but found it didn't work for them. Apparently they make the buyer drive by all the homes before they set up showings. But I don't think they do the legwork necessary to see if the short sale is even worth seeing at this point, or filtering which homes will accept FHA loans. Sounds like a lot of driving for homes that may not even be good candidates.

If there are any Redfin agents on here, please correct me if I am wrong.
0 votes Thank Flag Link Sat Mar 27, 2010
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