Redfin takes Chicago
Company expands brokerage services to eighth market
By Inman News, Thursday, June 26, 2008.Bookmarking Sites
Redfin Corp., a real estate company that offers deep discounts to real estate buyers in the form of rebates and flat-fee services for sellers, announced today that it has expanded brokerage services to the Chicago area and added property-search capabilities for about 100 counties.
The company also offers brokerage services in Boston; Los Angeles; Orange County, Calif.; San Diego; San Francisco; Seattle; and Washington, D.C. The expansion of the company's property-search tools adds county areas in California, Illinois, Massachusetts, Maryland, Virginia, Washington and West Virginia.
Redfin now offers for-sale and past sales information for about 16 million homes, an increase of about 40 percent. Redfin.com site uses can view days on market, price changes, lot outlines and nearby similar for-sale properties, and information about past sales ranging from one week to 20 years ago.
A legislative bid earlier this year to impose a real estate rebate ban in Illinois -- which would have interfered with Redfin's planned expansion to Chicago -- was killed.
Inman News reported that House Bill 4313, proposed by Illinois state Rep. Robert S. Molaro, D-Chicago, sought to amend state real estate law to state that "no licensee shall give or pay cash rebates, cash gifts or cash prizes to an unlicensed person who is a party to a contract to buy or sell real estate."
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Submitted by David Gorman on June 30, 2008 - 12:41pm.
Getting a real estate rebate
is one way to help offset the high cost of buying a home for home buying consumers. IL made the right move by squashing the rebate ban proposal.
David Gorman/Broker
Cashback Realty.com
Submitted by Alexis Eldorrado on July 11, 2008 - 7:10pm.
We service Chicago real estate buyers with a $500 rebate bonus at closing.
We feel very comfortable in offering our buyers of Chicago condos, as well as our home buyers, this rebate and were very encouraged when the legislative proposal to end real estate rebates did not pass into law.
When selling Chicago condos or homes to our clients, we feel that our $500 American Express card rebate or Cash Rebate in a form of a check is a more practical way of giving a closing gift to our real estate clients.
We are a small boutique firm big on client satisfaction and welcome Redfin open heartedly to our Chicago real estate market. Best wishes for much success in a very vibrant and beautiful city.
Alexis Eldorrado
Eldorrado Chicago Real Estate LLC
www.Eldorrado.com