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knock vs. Redfin

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knockRedfin
as of 06/02/2018
as of 05/21/2018
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What is knock

Knock is an online real estate service that will sell your home, but helps you buy your new home with an all cash offer at the same time. They first help you buy your new home, then takes care of selling your old home after you are moved in.

How knock works

  • Knock connects you with a local expert to help you buy your new home. They will also make an all cash offer on your behalf once you find a home you like.
  • Manage and pay for improvements on your new home. Also pay for repairs on old home and Knock will sell it.
  • Once your old home sells, Knock will transfer the title and mortgage into your name for the new home.
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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 knock compared to Redfin
Service
knock
Redfin
Home Repairs
Photography
MLS Listing
For Sale Signs
Listing Syndication
Showings Management