Redfin and Zillow expand their home buying and selling services to Texas

RedfinNow has been launched in Dallas and Zillow Offers in Houston

Miami /
Feb.February 16, 2019 02:00 PM

Redfin and Zillow launched their direct-to-consumer home buying and selling programs in Texas.

On Monday, the two Seattle-based companies separately announced the introduction of Zillow Offers in Houston and RedfinNow in Dallas.

Through Zillow Offers, Zillow buys homes directly from sellers and re-lists them for sale after minor renovation work. Zillow already had launched the program in Atlanta, Charlotte, Denver, Las Vegas, Phoenix and Raleigh.

Zillow, which works with local brokerages to buy and sell homes, is working in Houston with Mark Dimas Properties.

The launch of RedfinNow in Dallas is the first expansion of the program beyond California, where it is now available in Los Angeles, San Diego, Orange County and Inland Empire.

Consumers pay a 7 percent fee service for using the RedfinNow service. Consumers who choose to sell homes through a Redfin agent, instead of selling directly to Redfin, pay a 1 percent listing fee and usually another 2.5 percent to 3 percent to cover the commission of the buyer’s agent.

Redfin also is expanding its brokerage operations, mortgage services and title services to Dallas to serve home buyers and sellers.

Redin and Zillow have competition in the Lone Star State. Home buying and selling platforms Opendoor and Offerpad both operate in Houston and Dallas. Knock also operates in Dallas, where Zillow Offers is expected to launch later this year. [Inman]Mike Seemuth


Related Articles

arrow_forward_ios
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Gables Town Colony apartment complex, Sue Ansel of Gables Residential
Gables Residential scores $85M loan for Boca Raton apartment complex
Gables Residential scores $85M loan for Boca Raton apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...