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Home Bay vs. Redfin

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Home BayRedfin
as of 05/21/2018
as of 05/21/2018
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What is Home Bay

Home Bay is a full service real estate company that helps you sell your home remotely for a low flat fee. Home Bay provides an end to end service to sell your home with remote support that walks you through every step of the way while providing you with the tools you need. Everyone working on your home sale with Home Bay are licensed real estate brokers with a minimum of 10 years experience.

How Home Bay works

  • Homebay will provide tips to prepare your home. You can schedule their free photographer to take professional photos of your home for the listing and marketing materials. You will also be provided with a lockbox so buyer agents can show the home.
  • A Home Bay agent can provide pricing guidance for your home. After pricing, home details, and photographs are ready, Home Bay will list your home on the MLS and a handful of other real estate sites.
  • Your home will be marketed digitally by advertising your listing and helping you rank on Google search and Zillow.
  • You will have access to Home Bay’s platform that allows you to communicate with buyers, analyze offers, and create counter offers, while being guided by a Home Bay agent every step of the way.
  • Home Bay will walk you through all the necessary steps for closing, from setting a close date to the final walkthrough and e-notarizing your documents. You can choose to use your own Title & Escrow Company, or Home Bay can refer you to a local company.
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What is Redfin

Redfin is a low cost full service real estate brokerage that represents home buyers and sellers with their local agents. You will get the full service of a traditional agent while paying a much lower commission. Redfin agents get paid bonuses based on the review their clients give them, so they are highly motivated to provide the best possible service when helping you sell your home. Since launching in 2006, Redfin has sold over 120,000 homes and saved customers over $400 million.

How Redfin works

  • Redfin will recommend local professionals to get your home cleaned, painted, landscaped, or fixed. They will then pay for professional photography and a 3D scan for potential buyers to tour your home remotely.
  • After a consultation and walk through of your home, your Redfin agent performs a Comparative Market Analysis (CMA) for pricing guidance. Your home is then listed on the MLS and other syndicated sites.
  • Redfin will install a for sale sign in your yard, directional signs around your neighborhood, create custom flyers and brochures, run targeted email campaigns, hold open houses, and develop a marketing plan to sell your home.
  • Redfin will manage, negotiate, and oversee offers you receive. Once you have an offer you like, your agent will send a ‘Last Call’ email that can potentially lead to more offers and a higher sale price.
  • Your Redfin agent oversees and guides you through escrow, from the inspection to closing.
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Service offerings by Home Bay compared to Redfin
Service
Home Bay
Redfin
Photography
MLS Listing
Listing Syndication
Digital Marketing
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