| Status | Privately Held |
| Website | redfin.com |
| Blog | blog.redfin.com |
| Category | Web |
| Address |
710 2nd Avenue Suite 600 Seattle, WA, 98104 USA |
| Employees | 100 |
| Founded | 10/04 |
| Total | $20.8M |
| Series A, 9/05 1 Madrona Venture Group | $770k |
| Series B, 5/06 2 BEV Capital Madrona Venture Group Vulcan Capital | $8M |
| Series C, 7/07 3 BEV Capital Draper Fisher Jurvetson Madrona Venture Group Vulcan Capital | $12M |
Redfin is an online real estate company that provides real estate search and brokerage services. The company was founded by David Eraker and is based out of Seattle. They have raised Series A, B and C rounds of financing. Redfin uses an interesting combination of online real estate search and access to live agents. They employ their agents so they can better control customer satisfaction unlike traditional brokerage firms that license their name to independent agents. Redfin claims to save homebuyers on average $10,000 by reimbursing roughly 2/3 of the buy-side real estate fee directly on closing. Redfin also pays bonuses to agents when they receive high customer satisfaction.
Redfin’s competitors include real estate search services like Trulia, Terabitz, Zillow, and Realtor.com. None of their competitors combine online real estate search and brokerage services.
On their site, Redfin combines MLS listing information with historical data into a single map powered by Microsoft Virtual Earth. You can search for homes by neighborhood, city or MLS number, or you can refine results using detailed parameters like price, beds, etc. As of July 2007, users can look for homes in Washington, D.C. area, including Central Maryland and Northern Virginia, Greater Boston, the San Francisco Bay Area, Greater Seattle and Southern California, including Los Angeles, Orange County, the Inland Empire and San Diego.
| Website | redfin.com |
| Blog | blog.redfin.com |
| Stage | Live |
| Launch Date | July 18, 2007 |
| Tags | wiki |
