Comments on: A Year’s Numbers Come in From the MLS: Redfin Agents Negotiate Better

By: Kathy

Kathy — Tue, 15 May 2007 01:18:59 +0000

I am very intrigued about your company. I work in Columbus, OH where the Realtors will almost do anything to be a dual agent. I think it should be against the law. I do have a question, do you ever go to see the property in person with the buyer? I would miss that the most! Also, why don’t you pay the fee to be able to use the MLS? Is it that expensive on the west coast? Thanks and I look forward to seeing your progess!

By: Norm

Norm — Tue, 03 Apr 2007 20:38:10 +0000

So when will Redfin start doing the same for multi-family dwellings? Seems like that marketplace is even more tied up and restrictive than the general home market. Try and get a cap/grm rate without going through an agent – can’t.

By: Ahmed Anies

Ahmed Anies — Wed, 07 Mar 2007 22:27:16 +0000

I read this article and watch the vedio they are wonderful, thanks alot.

Ahmed Anies
( Egyptian Real estate Agent )
( Egyptian Real Estate BLOGGER )
Phone: (002)+ 016 1334420
Email: info@egypt-realestate-agent.com
site: http://www.egypt-realestate-agent.com

By: Lucy

Lucy — Wed, 07 Mar 2007 19:10:57 +0000

Regarding the “traditional agent” versus the “Internet agent” — agents have long survived and thrived on the being the exclusive providers of houses for sale information. An industry report by Swanepoel also says that the Internet has changed all that. So what does that mean for the “traditional agent”? Do you think that more and more agents will evolve into “Internet agents”, as to keep up with the changing times?

By: Kevin Boer

Kevin Boer — Wed, 28 Feb 2007 03:46:55 +0000

To Mr. HelpUSell…and the reason for not putting 50% of your listings on the MLS would be… ?

Let me give it a try: It improves the odds of you double-ending the deal and getting, say, 4.0% instead of 1.5% in commission.

Great idea, and will continue to work as long as sellers don’t feel compelled to use the most liquid, most visited property exchange around: the MLS.

By: Jonathan Dalton

Jonathan Dalton — Wed, 28 Feb 2007 02:56:29 +0000

By: Jimmy

Jimmy — Tue, 27 Feb 2007 15:01:19 +0000

I’m a Redfin customer and a HUGE fan. But, you know, there could be some selection bias in those stats. For example, do Redfin customers, on average, go for houses that are below asking? It’s not too far-fetched if you consider that Redfin customers may be biased toward a certain market segment, and that segment might have less-inflated prices than other segments. Just be careful before pushing these numbers too widely — prove that they are significant when controlling for such factors.

By: CrunchBack

CrunchBack — Tue, 27 Feb 2007 13:07:12 +0000

Glenn –

This is great data and ought to give you a club to beat back that bully Dalton at your next joust. As I said in January (http://johntreadway.typepad.com/crunchback/2007/01/redfin_at_real_.html), the rudeness of several of the attendees at Connect was a kind of insecurity. Over time we’ll see if the numbers continue to work in your favor, but for now – congratulations!

By: Jerry

Jerry — Tue, 27 Feb 2007 04:26:43 +0000

Matt,
It’s called a contract. We were foolish enough to agree to use her as a buyer’s agent at the same time we signed to use her for a listing agent. That’s why we continued to use the same agent, even though her performance was crappy. Continuing to use her was easier than firing her and getting in a lawsuit with her later about “procuring cause” or whatever you realtor-lawyers like to call it.

By: matt

matt — Tue, 27 Feb 2007 04:01:57 +0000

Glenn,
you are right…I’m looking forward to the 2007 numbers, now that will tell a story