Redfin has launched its real estate brokerage in two new markets this month; and launched its mortgage offering in a third
Redfin has launched its real estate brokerage in two new markets this month; and launched its mortgage offering in a third.
Connecticut and Asheville, NC are the latest places to see the firm’s real estate brokerage expansion with fees of 1% in CT (minimum $3,000) and 1.5% in North Carolina (minimum $4,500).
"Asheville has a thriving real estate market with people moving here for the sense of community, job opportunities and retirement. Western North Carolina remains one of the most sought after second-home markets in the country,” said Darrell Hess, who is leading Redfin’s launch in NC.
Richard Thomas is leading the firm’s Connecticut launch which was held back by red tape, as Taylor Connolly, Redfin’s Northeast district manager explains.
"Entering Connecticut was a natural next step and one we would have taken far sooner, if not for state laws that prevented us from opening in Connecticut until Redfin was a publicly-traded company," he said.
Mortgage offer for Pennsylvania
The third launch for Redfin this month is for its mortgage service. It is now offering home loans in Pennsylvania including fixed- and adjustable-rate conforming mortgages as well as jumbo loans.
The firm makes a guarantee to close the loan within 30 days or give applicants $1,000 towards closing costs, subject to certain terms.
"By earning the seller's confidence that the sale will close on time, offers from buyers with a Redfin Mortgage pre-approval letter will stand out from the crowd in a bidding war," said Jason Bateman, head of Redfin Mortgage.
Connecticut and Asheville, NC are the latest places to see the firm’s real estate brokerage expansion with fees of 1% in CT (minimum $3,000) and 1.5% in North Carolina (minimum $4,500).
"Asheville has a thriving real estate market with people moving here for the sense of community, job opportunities and retirement. Western North Carolina remains one of the most sought after second-home markets in the country,” said Darrell Hess, who is leading Redfin’s launch in NC.
Richard Thomas is leading the firm’s Connecticut launch which was held back by red tape, as Taylor Connolly, Redfin’s Northeast district manager explains.
"Entering Connecticut was a natural next step and one we would have taken far sooner, if not for state laws that prevented us from opening in Connecticut until Redfin was a publicly-traded company," he said.
Mortgage offer for Pennsylvania
The third launch for Redfin this month is for its mortgage service. It is now offering home loans in Pennsylvania including fixed- and adjustable-rate conforming mortgages as well as jumbo loans.
The firm makes a guarantee to close the loan within 30 days or give applicants $1,000 towards closing costs, subject to certain terms.
"By earning the seller's confidence that the sale will close on time, offers from buyers with a Redfin Mortgage pre-approval letter will stand out from the crowd in a bidding war," said Jason Bateman, head of Redfin Mortgage.
