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Redfin Launches First-of-its-Kind Website Feature To Share Thousands Of Real Estate Bidding War Stats And Stories As They Happen

"This builder was not very flexible on price since the demand in the neighborhood had been strong. While we pushed hard for a discount, the builder countered back to full price. However, we were able to get back about 3 percent of the price plus a special promotional credit for a certain flooring upgrade." Redfin Agent, Kathryn Rion ( Finn Hill, Kirkland, WA)

"A strong offer with a waived financing contingency was the primary factor in my client winning this offer. However, her cover letter explaining renovation plans and excitement to make the property a home made a big difference! Other buyers were investors looking to flip the property, but it mattered to the sellers that the next owner was going to live in the home personally."

Redfin Agent, Matt Zborezny (Neighborhood Nine, West Cambridge, Boston)

"We were up against multiple offers. We presented right away and went in slightly over list price to be competitive. This was a probate sale that did not need court approval. The attorney reviewing the files decided to work with an offer with a substantial down payment. Despite being one of the first offers in, they seemed to have held out for a better offer without giving us any updates until their decision was made." Redfin Agent, Keith Thomas, Jr. ( Trabuco Canyon, Orange County, CA)

Prior to a transaction closing, Offer Insights are not tied to a specific home, but rather to a neighborhood, postal code, or city, and no identifying information or note is shown. Once the transaction is closed, the Offer Insight is updated to include more detail, including the address of the home and the note itself. Redfin sends homebuyers a notification email about the Offer Insight, which includes the ability to opt out of the program. Only Redfin agents are able to post Offer Insights.

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