News Releases

May 6, 2019 at 10:07 AM EDT
Denver Homeowners Can Now Get a Cash Offer from RedfinNow
RedfinNow Buys Homes Directly from Sellers, Allowing Them To Move On with Less Hassle and More Certainty

DENVER, May 6, 2019 /PRNewswire/ -- (NASDAQ: RDFN) -- Redfin, a technology-powered real estate brokerage, announced that homeowners in the Denver metro area can now get a cash offer for their home from RedfinNow, a convenient and fast way to sell a home. By selling to RedfinNow, homeowners get the certainty of an all-cash offer, the flexibility to pick their move-out date, and the convenience of selling without any prep work, private showings or open houses. For homes that qualify, owners have been able to get an offer in 48 hours or less and complete a sale in as few as seven days. 

Redfin Logo (PRNewsfoto/Redfin)

"RedfinNow is an ideal option for a variety of situations. For homeowners who are relocating, selling a vacant rental, have a home that needs a little extra work, or just want to avoid the parade of strangers touring through the home, RedfinNow is perfect," said Michael Welk, Colorado market manager for RedfinNow. "RedfinNow is also great for move-up buyers, because we purchase the house on their schedule. They can shop for their next home without worrying about whether their current home will sell too fast, leaving them with nowhere to go, or too slow, leaving them without the money for their next place. RedfinNow lets move-up buyers line up both transactions perfectly."

RedfinNow is also available in Dallas, Texas and Los Angeles, San Diego, Inland Empire, and Orange County, California, with plans to expand to additional markets this year. RedfinNow charges a service fee of 7 percent and complements Redfin's full-service listing product for sellers who want to put their home on the open market with a local Redfin agent. For full service, Redfin charges sellers in Colorado a listing fee of 1 or 1.5 percent. Combined with 2.8 to 3 percent that sellers typically pay for the buyer's agent commission, sellers who list with a Redfin agent pay 3.8 to 4.5 percent in total commission fees.

"Consumers want choices, and with Redfin, sellers can assess all their options and choose the service that best meets their needs," said Adam Wiener, Redfin's chief growth officer. "For homeowners who want the most money in their pocket from selling their home, Redfin's full-service, low-fee listing product fits the bill. To avoid the time and stress of selling a home, RedfinNow is the option many homeowners are looking for."

In Colorado today, people can sell homes to RedfinNow, buy and sell homes with full-service Redfin agents, get home loans with Redfin Mortgage, and get title and settlement services with Title Forward. For homes that RedfinNow purchases, Title Forward will handle title and settlement and allow sellers to close electronically from anywhere they can get a high speed internet connection. Buyers who purchase homes from RedfinNow can choose to work with Redfin Mortgage and Title Forward to finance their purchase and close their sale for a totally seamless process at every step.

"As RedfinNow gets more efficient at buying and selling homes by integrating our mortgage and title services, we can lower the overall costs of a real estate transaction and pass additional savings on to our customers in the form of lower fees," said Wiener.

To learn more about RedfinNow and to request an offer for your home, visit www.redfin.com/now.

About Redfin
Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 85 major metro areas across the U.S. and Canada. The company has closed more than $85 billion in home sales.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, subscribe here. To view Redfin's press center, click here.

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SOURCE Redfin

Redfin Journalist Services: Alina Ptaszynski, 206-588-6863, press@redfin.com