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Tag Archives: redfin

Tag Archives: redfin

Redfin’s AVM Misfire: 4 Characteristics of a Useful AVM

by Ben Kubic on 9:37 am December 7, 2015

I am a firm believer that someone will create a great AVM that will rapidly replace human input into the valuation process. As we’ve seen with advances like self-driving cars, computers are better at assessing risks, reacting to local conditions, and, in many cases, making judgement calls than humans are. That’s why I was so intrigued by Redfin’s recent AVM launch. To test it out, I looked up the Redfin estimate of my parent’s 2 bedroom suburban Maryland home. Their AVM estimates the home’s value at $573, 414. … Read More »

Redfin Launches Home Price Estimates of Their Own

by Drew Meyers on 1:40 pm December 3, 2015

On the heals of the recent news by Surefield, another Seattle-based brokerage you have probably heard about – Redfin – announced their own Automed Home Price Estimates today. You can type in an address here, and you’ll end up on a property page such as this. I can’t help but wonder whether this is the beginning of a run on brokerages and franchises releasing their own AVMs? Who’s up next?

Redfin & Book It Now for On-Demand Home Tours

by Drew Meyers on 11:39 am July 7, 2015

Redfin announced their On-Demand Home Tours today with a blog post by Glenn. Completely agree with the consumer win on this, and Redfin just might have enough agents in their network to solve the liquidity challenge. When I saw the announcement, I immediately thought of Curb Call (which has been written about). Perhaps Seth could chime in, and tell us what he’s learned working on this for the last couple years.

Redfin: A Discount Brokerage 10 Years Later

by Drew Meyers on 3:32 pm May 18, 2015

Any entrepreneur interested in trying to reduce or cut out agent commissions should read this article about Redfin on the SeattleTimes. Redfin has had eight rounds of venture funding since 2005 totaling $167.8 million, according to Crunchbase. Redfin after 10 years still has less than a 3 percent market share on its home turf. To say it’s been a marathon for Redfin, is an understatement. Entrepreneurs: you should also read this post, and every one of the comments.

The Real Estate Tech Growth Continues. $70.9M for Redfin

by Drew Meyers on 8:40 am December 19, 2014

Just in time for the holiday season, Redfin completed a $70.9 million round.

Walkscore and Redfin: Is Real Estate Tech Too Profitable For Distractions and Discounts?

by Sam DeBord on 11:59 am November 3, 2014

Redfin Walkscore Tech Profits

Seattle’s technology brokerage, Redfin, recently acquired our local community metrics company, Walkscore. The guys who run WalkScore have grown their business into household name nationwide, and have remained the same gracious, humble, community-conscious entrepreneurs in the meantime. You can’t help but feel happy that Josh and Matt are putting a little bit of money in the bank now. Walkscore’s products have always looked like a goliath in terms of long-term potential eyeball attraction that hadn’t received their appropriate financial payoff.  That chapter has now been closed.  (Let’s … Read More »

Redfin + Matterport. 3D is Here.

by Drew Meyers on 7:06 am August 21, 2014

Apparently Redfin folks agree with me; Matterport is the real deal. They just released their 3D tours today… Which major brokerage is next in line?

Traffic Does Not Equal Leads and Clients

by Drew Meyers on 10:21 pm May 12, 2014

Redfin’s CEO, Glenn Kelman, penned a post today, titled “Real Estate Brokers Can Coexist With National Portals by Changing the Way We Share Data“ I wanted to call attention to this paragraph: Brokerage sites, including Redfin, should drive more traffic to listing brokers In the Internet Data Exchange (IDX) feeds shared with other brokerage websites, MLSs should include Google-friendly links to source listings. Requiring every MLS subscriber to link to the source listing will ensure that brokers with more listings get much more traffic, from … Read More »

It’s Been an Exciting Week…

by Drew Meyers on 7:44 pm November 14, 2013

Realogy and Trulia getting married? Redfin raised $50 million (Glenn wrote about it here) “Pocket listings” is causing a stir …and, WOW, apparently Greg Robertson will finally shed light on the Realty Alliance issue come Monday. In other, non-real estate news, Snapchat turned down $3 billion. What did I miss?

The Inside Scoop on Properties

by Drew Meyers on 7:58 am April 24, 2013

Let’s face it. No matter what industry you work in – you want the inside scoop. If it’s not public knowledge, your desire to know anything and everything escalates — for no other reason than curiosity of the unknown. A few days ago, I was talking to a friend of mine who is an agent in Seattle — and got to talking about what a smart lead acquisition strategy Redfin has deployed with their Offer Insights (launched earlier this year). Offer Insights provides real-time statistics and notes from Redfin … Read More »

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