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Offerpad vs. Redfin

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OfferpadRedfin
as of 05/24/2018
as of 05/21/2018
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Comparing different models Offerpad buys your home directly from you while Redfin offers a discount online service to sell your home.

What is Offerpad

Offerpad purchases your home directly from you. Receive a no obligation offer on your home, and if you accept, close when you want. After selling your home to Offerpad, they will then renovate your home and list it on the market for sale.

How Offerpad works

  • After sending your home information to Offerpad, they will send you a purchase offer. If you accept the offer, you will then sign the purchase agreement.
  • Offerpad schedules a home inspection to make sure everything checks out.
  • Choose the day you want to close on, any day within 5 – 90 days. Sign the purchase contract, and close on the property.
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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 Offerpad compared to Redfin
Service
Offerpad
Redfin
Home Purchase
Pick your close date
Free Local Move
Photography
Virtual Scan
Comparative Market Analysis