WASHINGTON, March 19, 2021 /PRNewswire/ –(NASDAQ: RDFN) — RedfinNow has expanded to Baltimore/Washington, DC Region. RedfinNow is Redfin’s iBuying service (www.redfin.com), the technology-driven real estate brokerage that offers homeowners a convenient new way to sell. Sellers can request a cash offer directly from Redfin and sell without having to fix their home or get rid of open houses and private shows. The service is available today in Maryland and Northern Virginiaand expand into the District of Colombia In the coming months.

“We are excited to offer our customers more choice, convenience and certainty when considering a move, especially during the pandemic,” said John Monen, regional director of RedfinNow. “Given record levels of competition for homes, RedfinNow is able to make very strong offers for homes and may be the perfect option for sellers who need the equity in their current home to purchase their next. Moving out is stressful enough, without having to worry about your house selling before you find a home to buy.We let landlords choose their closing date and stay in the house after closing with rent retrocession, so they only have to move once.”

Expanding RedfinNow to these markets is part of Redfin’s strategy to offer homeowners a complete solution with multiple ways to sell their home and technology to make the process seamless. Redfin real estate agents, who help clients buy and sell homes in the washington d.c. since 2007, offer a full service offering for registration fees as low as 1%. Redfin also offers home loans and title and closing services in both states through its subsidiaries: Redfin Mortgage and Title Forward.

Redfin also plans to expand its concierge service, already available in the district, to Northern Virginia and Maryland this spring. Redfin Concierge helps sellers prepare their home for the market with a professional design plan to maximize the selling price. Redfin Concierges handle all vendors, scheduling and billing to ensure a seamless experience and clients don’t pay for upgrades until the home is sold. Redfin Concierge is available for sign-up fees as low as 2%.

“Every homeowner wants to know what they could get for their home from an instant sale and compare it to the price they would get on the open market as it is or if they made any upgrades” , said Jason Alem, vice president of RedfinNow. “With our full-service realtors, RedfinNow and Redfin Concierge, we are the only national brokerage in the region that can offer home sellers a full range of options to meet their needs.”

To request a cash offer, owners visit www.redfin.com/now, type in their address and provide some basic information about their home. RedfinNow uses local information and its proprietary machine learning algorithms to provide a competitive cash offer based on location, condition and cost of home repairs. Sellers can choose their closing date between 10 and 60 days after accepting Redfin’s offer.

Once RedfinNow owns a home, it makes updates and then lists the home for sale on the open market. Redfin makes it easy for buyers to visit RedfinNow listings securely without an appointment. Buyers can unlock the door to most RedfinNow homes with the Redfin app and take a self-guided tour seven days a week, starting at 8 a.m. to 8 p.m.with or without agent.

Pioneer of iBuying since its launch in Southern California beginning of 2017, RedfinNow is now available on the markets of Arizona, California, Colorado, Texas and Washington. In Maryland and Northern Virginia, the company is initially offering deals on homes that fit the following parameters and will expand to other neighborhoods and property types over time. Parameters are subject to change:

  • Maryland: Single family homes and townhouses built after 1930. RedfinNow is currently available in parts of Anne Arundel County, Baltimore City, Baltimore County, Montgomery County and Prince George’s Countyand will expand to other areas in the coming months.
  • Northern Virginia: Single family homes and townhouses built after 1930. RedfinNow is currently available in parts of Alexandria, Arlington County and Fairfax Countyand will extend to parts of Loudoun and Prince William counties in the coming months.

To learn more about RedfinNow and request an offer for your home, visit www.redfin.com/now.

About Redfin

Redfin(www.redfin.com) is a technology-driven real estate broker, instant home buyer (iBuyer), lender, title insurer and home improvement company. We sell houses for more money and charge half the fees. We also run the #1 real estate brokerage site in the country. Our homebuyer clients see homes first with on-demand viewings, and our loan and title services help them close quickly. Customers selling a home can receive an instant cash offer from Redfin or have our renovation team repair their home to sell for the best price. Since its launch in 2006, we have saved our customers nearly $1 billion in commissions. We serve over 95 markets across the United States and Canada and employ more than 4,100 people.

For more information or to contact a local Redfin estate agent, visitwww.redfin.com. To learn more about housing market trends and download data, visitRedfin Data Center. To be added to Redfin’s press release mailing list, email[email protected]. To see Redfin’s press center,Click here.


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