Quill Leaves NWMLS, Dramatically Slashes Listing Cost

Full disclosure: Quill Realty is a Seattle Bubble advertiser, and Tim worked with Craig at his previous company WaLaw (also an advertiser) to buy his home in 2011. Last week local brokerage Quill Realty (spotlighted in this 2014 post) announced that they will be withdrawing from the NWMLS completely in order to “offer broker services […]

Surefield Expands from 3D Tours in Attack on Commissions

Surefield, the local 3D home tour brokerage launched in April by a pair of Redfin veterans and a former Nvidea tech wizard, is expanding their mission to attack buyer’s agent commissions… from the seller’s side. Here’s an excerpt from their press release: Surefield is dramatically lowering buy-side commissions to bring the U.S. residential real estate […]

Reader Question: Can I Negotiate a Commission Discount?

Full disclosure: The Tim was employed by Redfin (is just a shareholder as of October 2013) and WaLaw Realty and Quill Realty are Seattle Bubble advertisers. A reader wrote in with the following question about real estate agent commissions: In the near future my wife and I are going to need to sell our respective […]

Redfin Turning a Profit Even in Serious Down Market

Congratulations to Redfin, who announced today that they are officially profitable: The Naked Truth is Out: Redfin is Profitable Redfin was profitable last month, all while maintaining our 97% customer satisfaction. The business has been growing by leaps and bounds, in part because the real estate market has had a small rally this summer, but […]

Local Discount Real Estate Service Showdown

As the housing market has slowed dramatically from the heady boom years of 2005 and 2006, the number of discount real estate brokers has been on the rise. While Redfin made a big splash in 2004, and continues to be the discount market leader, as the market tumbles other competitors continue to crop up. As […]