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Old 08-13-2019, 11:05 AM   #21
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Join Date: Jun 2016
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I'm sure it varies by state. In the 2 states where I have bought/sold property, ALL realtors represent the seller unless specifically contracted by the buyer as a "buyers agent". At closing, commissions are subtracted from the sellers proceeds as a line item, not added to the buyers cost. Since the seller pays the commissions, the realtors are working for the seller.

I understand "holding your tongue" to not jeopardize the sale. As I understand the business model, the buyer didn't chose the realtor... just the property to look at. There may not be any emotional attachments on the part of the buyer.

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Old 08-13-2019, 03:59 PM   #22
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Join Date: Feb 2013
Posts: 220
I used Redfin on the sale of my city-condo and purchase of my new city-condo recently and had a great experience.

My agent not only got me a great deal on my purchase but was able to sell my unit with multiple offers and got me nearly the same price as a bigger, nicer unit in my building after my original offer fell through.

I thought long and hard about using Redfin on my sale and determined it was worth "the risk" (compared to using a traditional agent) mainly because my condo was a fairly simple, straight forward 1 bedroom city condo. I was able to risk possibly losing $1 to $5k on a lower sales price to save the same amount on a lower commission. It all worked out perfectly because my condo sold as one of the highest comps in my building and I still ended up saving about $6k in real estate commissions by using Redfin, plus I got a $1k check from Redfin on the purchase of my new place.

If I lived in a super unique place and was debating on Redfin or not...that would be a different story.

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