PHILADELPHIA, PA – March 8, 2012- Redfin, the technology-powered brokerage, announced today its expansion to the Philadelphia area, bringing to Pennsylvania the company's one-of-a-kind combination of consumer advocacy and technology. With the launch of Redfin’s nineteenth market, the number of listings on its website grows by 8.5%.
“Redfin needs Philly, and Philly needs Redfin,” said Redfin CEO Glenn Kelman. “No other broker gives Philadelphians so much information about the homes for sale, and the agents selling them. And we believe that Philadelphia needs a progressive alternative to the traditional real estate model, with a company built from the ground up to use technology to give customers more information, more value and an agent who is always on their side.”
Through its award-winning website and top-rated real estate mobile applications, Redfin becomes the only brokerage in Philadelphia to provide consumers access to the complete pricing histories of listings and sold homes and agents’ comments about homes they have toured.
Redfin agents are paid salaries, and bonuses based on customer satisfaction, so their primary focus is the customer, not a commission. To help consumers choose an agent, Redfin surveys every customer and posts every review on its website, with a map of the agent’s completed and failed transactions, and extensive performance statistics.
Because customers use Redfin’s online tools to begin their search, choose an agent and schedule home tours, Redfin agents spend all their time serving customers not searching for customers, and Redfin can offer better service at a better value: buyers save an average of $4,000 in closing costs, and sellers an average of $7,500 in commissions.
Starting today, customers can work directly with Redfin agents in the Chestnut Hill, Mount Airy and Manayunk neighborhoods of Philadelphia, as well as the Main Line townships, the northern suburbs in Bucks and Montgomery Counties, and Chester and Delaware counties to the West. For service in Center City and the rest of Philadelphia, customers can work with Redfin’s partner...