Tuesday, October 18, 2016

Redfin Looks To Spur Seattle Sellers With One Percent Listing Fees

Seattle-based online real estate brokerage Redfin is hoping to convince more sellers in Seattle to list with the brokerage company, through a cut-rate listing fee, the company said today. Redfin said it will offer up a 1 percent listing fee to home sellers who list with a Redfin agent in the Chicago, Denver and Seattle metro areas, with a minimum fee of $4,000 in Seattle, and $3,000 in Denver. Redfin said it is planning to run the 1 percent listing experiment for "about a year", but will evaluate it "on an ongoing basis."