Redfin changing pricing model

[norcal_to_socal_IHB]

Interesting that the real estate downturn appears to be finally affecting Redfin. Redfin is changing their pricing model from today onwards, and the refunds are coming down from 66% to 50%. In exchange you get "unlimited house tours", which I suspect is a relatively cheap part of their business.



<a href="http://blog.redfin.com">http://blog.redfin.com</a>

 

[suckers_IHB]

With the way the market is heading, I can understand why they changed their cost structure. I still think is a fair model considering what they have to offer. I like their website very much. I hope they will make it through the recession.