Tag Archives: Brokerage Reveals Offer Status on Online Listings

Redfin, a Seattle-based brokerage, announced it will begin display “Offer Insights” with home-search results of listings from its buyer’s agents. The new program will include the status of the property, whether an offer has been accepted or not, and if it’s a multiple-offer situation. It will include an approximate offer-to-list ratio, and it will also note the number of competing offers. Redfin buyers’ down payment size will also be noted as a range. Following closing, the offer-to-list price will be the exact number — no longer an approximate number. Downpayment […]