With the new addition in New England announced on Thursday, RedfinNow is currently buying and selling homes in 23 markets nationwide.
RedfinNow is the first major iBuyer to enter the Boston real estate market, according to an announcement on Thursday. RedfinNow is currently available to sellers in Middlesex, Norfolk and Plymouth Counties with single-family houses and terraced houses built after 1900; However, the iBuyer plans to expand its coverage in the coming months.
“RedfinNow gives homeowners peace of mind and control over exactly when to sell with a strong cash offer that can help them avoid the stress of home prep, repairs, and vacations for open days and house tours,” said Jason Aleem, vice president of RedfinNow, in a statement. “Boston property prices rose double digits in March, but this hot market is a double-edged sword for sellers who need to buy too.”
“RedfinNow makes it easy for our customers to get a great deal on their current home so they have the money to buy their next one and the flexibility to organize their closings so they only have to move once,” added Aleem .
RedfinNow allows home sellers to request a cash quote after providing their address and basic property details. Using its proprietary machine learning algorithm, Redfin offers a quote that reflects local market trends, the condition of the house, and the cost of any repairs required.
After accepting an offer, sellers can close within 10 days. From there, Redfin will make the necessary repairs and list the house on the open market. There, buyers can use the Redfin app to access Redfin-owned homes with or without agents from 8:00 a.m. to 8:00 p.m. local time.
Boston is RedfinNow’s second new store after iBuying services were temporarily suspended last March due to the coronavirus pandemic. RedfinNow has been slowly back on its way to buying, with Austin, Denver, and the Inland Empire of California being the first markets to resume their services.
Existing Dallas, San Antonio, Los Angeles, and Orange County markets were next on the list, with Sacramento, San Francisco, and Seattle joining as new markets in October and December. RedfinNow expanded again in April and launched in Las Vegas and Tucson, Arizona.
With Thursday’s announcement, RedfinNow is represented in 23 markets in nine states and the District of Columbia.
Email Marian McPherson