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Houses Grow on Trees – Redfin Continues Quest for World Domination

What do you do when faced with windfall earnings? Reinvest in your business, of course.

Thanks to Cynthia Pang, Redfin’s Senior Communications Manager, for the links to the latest, exciting news. This has been a big week for Redfin! Not only did they roll out a new logo and invade Beantown, but (assuming they have fulfilled their contractual obligations) their San Diego client has removed contingencies and is one step closer to an approximate $13,000 windfall. As the new logo suggests, houses really do grow on trees.

You heard right: Redin is in escrow in San Diego. Taking our beach city by storm since their February 8th arrival in San Diego with much hoopla, this brings the total Redfin “represented” pending and closed sales in the San Diego market to (let’s see, add the column, carry the one) – One. Not being one to brag, this puts my total production during the same period at exactly 1000% more than Redfin’s, but then, I did have a head start. I’m thinking of expanding into the Greater Punxsutawney region next month.

Related posts:
  • The Carnival of Real Estate . . .
  • You may have wondered, “Why is there bad weather?” The reason? So you can properly appreciate heaven on earth — Phoenix, Arizona.
  • Redfin cops another $12 million, raising investors’ stake in the discount realty.bot to $40,000 per closed transaction

  • 8 comments

    8 Comments so far

    1. Russell Shaw April 27th, 2007 9:03 am

      LOL! Maybe we could work together, Kris and take over all of the small towns on the entire east coast. We’ll show Redfin.

    2. Erik April 27th, 2007 9:14 am

      Kris, I’m happy to hear you have had such a stellar start to your year! Just for the sake of accuracy, we have actually closed our first San Diego transaction, have two more in escrow, and one awaiting bank approval. We seem to be taking in a new offer every day now. The pace seems to be quickening. Let’s hope we all stay busy this year!

    3. Kris Berg April 27th, 2007 9:48 am

      Erik – I apologize for the inaccuracy, although that is not what is shown in Sandicor MLS records. Did I miss some unreported FSBO’s?

      Russell – According to my calculations your typical pace would put you about 10,000% ahead in San Diego. Here’s hoping you stay in Phoenix. :)

    4. Erik April 27th, 2007 9:58 am

      Kris – No worries! We had a new contruction client that was not in the MLS.

    5. James Hsu April 27th, 2007 10:18 am

      Apparently Redfin’s touted experience level for their agents fell from 25 “completed transactions” to 20 in their recent website refresh.

      I also have a suspicion that the new 20 transaction requirement is only to get your face on the website..actual recognition. There’s 8 agents showcased on redfin’s website. There’s 21 licensed agents in our NWMLS for Refin. Some… very recent licensees..like ..last month, ..or this month. Doubt they have 20 deals done in a matter of weeks. Granted some of the licensees are probably administrative people like transaction coordinators.

      Why drop the experience level from 25 to 20?

    6. P.J. Dean April 27th, 2007 11:43 am

      “64% of Redfin’s buyers said Redfin was better or much better than a traditional agent”

      Based upon my referral and repeat business, apparently 100% of my Buyers felt I was better than a website.

      I am all for thinking outside of the box while blazing new trails but just don’t get this one.

      Whats next?….Press 2 to counter offer at $415,000…….Press 3 to counter offer at $405,000….Please press zero if you would like to hold for an inexperienced agent to advise you on one of the biggest financial decisions you will ever make.

      Best of luck but I don’t see how this could ever replace a dedicated, competent and experienced professional.

    7. Kris Berg April 27th, 2007 12:02 pm

      Erik,

      Dang! Forgot about the new construction. I’ll add one to each of our tallies, which drops me to +500%. You’re gaining on me…

      P.J.,

      Hysterically funny. Wish I had thought to say it. :)

    8. Austin Realtor's Wife April 27th, 2007 3:30 pm

      Not to beat a dead horse, but McDiscounts can never replace the dedication of a knowledgeable Realtor working to SELL (not just list) a home.

      Remember- just because an object appears to be large, its shadow can still be small! Fly-by-night companies that come and go SEEM to be a dominating force because we talk about it EXTENSIVELY in the blogosphere, but when you really boil it down, these companies have barely made a dent in the industry!