October 03, 2006
Redfin Launches Free Home Tours and Pre-Inspections

SEATTLE - Oct. 3, 2006:
Online real estate broker Redfin Corporation (http://www.redfin.com) today launched "Red Carpet Services" to help make it easier and more affordable for online real estate shoppers to find and purchase a home. The first two services offer home buyers free home tours and pre-inspections. Separately today, Redfin announced it has refunded $1 million in commissions to home buyers.

Red Carpet Services include:

          Free Home Tours: The first home tour with a Redfin agent, up to three hours per household, is free. Future tours are $125 per home or $250 for a three-hour tour. To schedule a free home tour, call 1.877.973.3346.

          Free Pre-Inspections: If the buyer conducts a pre-inspection before Redfin submits the offer to the listing agent, Redfin will reimburse the pre-inspection costs at closing. Pre-inspections show the seller and listing agent that an offer is serious and eliminates a possible contingency, making the offer more competitive.

          Redfin will announce more Red Carpet Services in the future.

"Redfin's free home tour program overcomes a common objection to buying a home online. Redfin customers now are able to view homes on their own schedule - independent of an open house or listing agent appointment," said Rob McGarty, Redfin's director of real estate. "Blending free, in-person services with our online home buying service make it even easier and more efficient for Redfin customers to find and buy a home, while saving about $10,000 on average."