I just bought my home to Redfin. Did I make a deal with the devil?

It began with a small journalistic curiosity. And a lot more than a bit of germaphobia.

I was marketing my place in Los Angeles in preparing for a go to the Bay Location. My spouse and I weren’t vaccinated against COVID but, and the final factor we wanted was a parade of prospective customers respiratory all more than our pillows and pawing our countertops. As I scoured the world-wide-web for info about COVID basic safety and property sales, I found myself bombarded with advertisements imploring me to “Sell your property to Redfin.”

I experienced study about “iBuyers” right before — mostly tech corporations that compensated dollars for residences and employed algorithms to notify their gives. My knowledge was that the enterprise experienced all but dried up in the confront of the pandemic. It appeared I was mistaken.

The advertisements have been intriguing. I stuffed out a form on Redfin’s web-site that requested me for some basic details about my position. The quite future day I got a simply call with an offer you.

It was great. Incredibly very good. Substantially higher than a neighbor who offered her put months ahead of. And Redfin was heading to just take a 3% fee as an alternative of the 5% I would have to fork out to a regular agent. Redfin would ship an agent and two inspectors by to make positive nothing at all was severely wrong with the area (“We aren’t emotional, like a typical customer,” a particular person on the cellphone assured me). And that was it.

No require to hold items spotless for months at a time (or at any time, if I’m becoming straightforward) we could continue to keep our moving packing containers the place we happy. And wouldn’t have to get worried about catching COVID. Redfin would give us a 90-day window to finish the sale, lots of time to get vaccinated and find a new spot.

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