Redfin - the etrade of real estate

Posted by Rob Lewis

Up next is Redfin, a 75 employee strong online real estate brokerage that offers a combination of online service and personal service to help tech-savvy people buy and sell homes.

Redfin's CEO Glenn Kelman told the story of their advantage which includes having the best search site for properties and hiring the best real estate agents. While Redfin agents make slightly less on a her house sale basis, they close 5-7 transactions per month and are rewarded for providing great customer service.

Redfin has served 3,000 customers to date and have very impressive customer satisfaction feedback results with rating upwards of 97% among buyers. According to Kelman, traffic is going through the roof and revenue is growing 40% year-over-year even in the down housing market.

Redfin has secured $20 Million to date in financing from Madrona, Vulcan, DFJ, and BEV.

Company:
Redfin
Website:
http://www.redfin.com
Location:
Seattle, Washington, United States

Redfin is an online real estate brokerage. We have built the best online real estate tools and hired the best real estate agents to help customers find the right home at the right price, with no sales pressure. Unlike other brokerages, we let customers see for themselves our agents' deal history and customer reviews. Our agents are in the top 10 by deal volume for every market we serve. more

Company:
Washington Technology Industry Association
Website:
http://www.washingtontechnology.org
Location:
Seattle, Washington, United States

Washington Technology Industry Association is the largest state-wide association of technology companies and executives in the world. With more than 1,000 member companies representing more than 80,000 technology sector employees in Washington State, Washington Technology Industry Association is a catalyst for setting new industry directions, sharing expertise, fostering collaboration, delivering key business... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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