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Homie vs. Redfin

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HomieRedfin
as of 07/31/2018
as of 05/21/2018
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What is Homie

Homie is a real estate platform that will help you sell your home remotely with for a low flat fee. They built a platform that automates everything in a real estate transaction. You will be in control of the sale through the platform, while Homie guides you through the process, lists your home, and provides attorney assistance for contracts and negotiations.

How Homie works

  • Homie schedules a photographer to take photos of your home
  • Receive a value report to help determine pricing for your home
  • Home will create advertisements for your listing
  • Your home will be listed on Homie, MLS, Zillow, and other syndicated sites
  • Homie will negotiate offers for your home and provide attorney assistance for contracts
  • They will coordinate appraisals, inspections, title work, and closing date
  • Home will guide you through closing
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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 Homie compared to Redfin
Service
Homie
Redfin
Photography
For Sale Signs
MLS Listing
Listing Syndication
Manage Offers
Negotiate Offers