April 13, 2021

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RedfinNow Launches in Washington, D.C. and Baltimore Metro Areas | State

WASHINGTON, March 19, 2021 / PRNewswire / – (NASDAQ: RDFN) – RedfinNow has been expanded to include the Baltimore / Washington, DC Region. RedfinNow is Redfin’s iBuying service (www.redfin.com), the technology-based real estate brokerage that offers homeowners a convenient new way of selling. Sellers can request and sell a cash offer directly from Redfin without having to repair their homes or vacate for open days and private screenings. The service is available in today Maryland and Northern Virginiaand will expand into that District of Columbia in the following months.

“We are excited to offer our customers more choice, convenience and security when considering moving, especially during the pandemic,” he said John Monen, Regional Manager for RedfinNow. “Given the record level of home competition, RedfinNow has very strong home listings and is the perfect option for sellers who need the equity in their current home to buy their next one. Moving is stressful enough without the need for it. ” Worry about selling your home before you have found a home to buy. We let homeowners choose their deadline and stay in their own home after they have been rented back so that they only have to move once. “

Expanding RedfinNow to these markets is part of Redfin’s strategy to provide homeowners with a complete, multi-way solution to sell their home and technology to make the process seamless. Redfins real estate agents who have helped clients buy and sell homes in the United States Washington, DC have been offering a full service offering for a listing fee of just 1% since 2007. Redfin also provides home loan, property and dealership services in both states through its subsidiaries Redfin Mortgage and Title Forward.

Redfin also plans to expand its concierge service already available in the district to Northern Virginia and Maryland this spring. The Redfin Concierge allows sellers to prepare their home for market entry with a professional design plan to maximize the selling price. Redfin Concierges manage all vendors, scheduling, and billing to ensure a seamless experience, and customers don’t pay for the improvements until the home is sold. The Redfin Concierge is available for a listing fee of just 2%.

“Every homeowner wants to know what they can get on their home from an instant sale and compare it to what they would get in the open market under current conditions or if they’ve made some updates,” he said Jason Aleem, Vice President of RedfinNow. “With our full-service real estate agents RedfinNow and Redfin Concierge, we are the only statewide real estate agent in the area to offer home traders a full range of options to meet their needs.”

To request a cash offer, visit homeowners www.redfin.com/now, fill in their address and provide some basic information about their home. RedfinNow uses local insights and its proprietary machine learning algorithms to create a competitive cash offer based on the home’s location, condition, and repair costs. Sellers can choose their closing date between 10 and 60 days after accepting the Redfin offer.

Once RedfinNow owns a home, it will update and list the home for sale on the open market. Redfin makes it easy for buyers to safely view RedfinNow listings without an appointment. Buyers can unlock the door of most RedfinNow homes with the Redfin app and take a self-tour seven days a week 8 a.m. to 8 p.m.with or without an agent.

An iBuying pioneer since its inception in Southern California RedfinNow is now available in stores in early 2017 Arizona, California, Colorado, Texas and Washington. in the Maryland and Northern VirginiaThe company will initially submit offers for houses that meet the following parameters and will be expanded over time to other districts and property types. The parameters can change:

  • Maryland: Single-family houses and townhouses built after 1930. RedfinNow is currently available in parts from Anne Arundel County, Baltimore City, Baltimore County, Montgomery County and Prince George’s Countyand will be expanded to other areas in the coming months.
  • Northern Virginia: Single-family houses and townhouses built after 1930. RedfinNow is currently available in parts from Alexandria, Arlington County and Fairfax Countyand will be expanded to include parts of Loudoun and Prince William Counties in the coming months.

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

About Redfin

Redfin (www.redfin.com) is a technology-based real estate agent, instant buyer (iBuyer), lender, title insurer, and home renovation company. We sell houses for more money and we charge half the fee. We also run the country’s # 1 real estate agent site. Our home buying customers see homes first on on-demand tours, and our loan and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our home renovation team fix their home to sell it for the best price. Since the start in 2006, we have almost saved customers $ 1 billion in commissions. We serve more than 95 markets in the US and Canada and employ over 4,100 people.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn more about the trends in the real estate market and to download data, visit Redfin Data Center. To be added to Redfin ‘s press release distribution list, send an email [email protected]. To view the Redfin press center, Click here.


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