Monday, June 12, 2006


RedFin is trying to cut out the realtors and take home sales and purchases direct to the web.  The interface includes MLS scrapes and historical sales data on to a single map, making it look sort of similar to Zillow.

Here are some of the financial models:

  • RedFin reimburses 2/3 of the buy-side fee to the buyer.
  • Flat fee of $1,350.00 for all sales activities

This will be interesting to watch as they expand out of the Seattle market and into other cities.


No comments: