Big news! Redfin Boston is upgrading our service. Now, whenever you sign up to tour a home or meet an agent, the lead agent who negotiates your deal will also be the one who meets you on the first tour, sees the home and comes to the closing table. The commission refund we offer buyers will, as a result, decrease slightly from 50% of the commission to 33% of the commission.
Customers Love the Personal Service
We think this is really going to take off in Boston. We tried it out in one small part of Los Angeles January through March and our customers loved it: you still get an agent on your side, paid to put customers not commissions first, using tools that keep you in the loop at every step. But now that agent can really get to know you and your needs along the way.
A 33% Commission Refund
Our fee for selling a home is unchanged at 1.5% of the home price. But the commission refund for home-buyers changed so that it’s usually one-third of whatever the seller pays us, paid within a few days of closing. For a $500,000 home in Boston, the typical refund would be $4,167. Our main website has all the details on the new commission refund.
Existing Customers, Relax: We’ll Honor the Old Refund Through October 1
Customers who have already contacted us to tour a home, talk to an agent or write an offer will still get the larger refund, usually worth one half of whatever commission we get, on any purchase closed by October 1, 2011.
We’re limiting this new level of service to Boston, but we hope it fits better with what most people want in a real estate agent: the personal service offered by the best agents in brokerages of all types, combined with what really what makes Redfin different, our advocacy, transparency and technology.
If you’d like meet a Redfin agent to see how the whole process works or to learn how the double dip is hitting your local neighborhood, browse the reviews of our Boston-area agents and find an agent you like.