Seattle-based real estate brokerage Redfin on Friday announced its launch in Wilmington, North Carolina and Green Bay, Wisconsin.
Eddie O’Dea, Redfin’s market manager in Raleigh, said in a statement that Wilmington was selected because it is “one of the fastest growing areas” in the Southeast. Thus, it would be a suitable location for Redfin to establish its presence in coastal North Carolina and strengthen its footprint in areas of Charlotte and Raleigh-Durham.
“We’re excited to help the diverse group of buyers and sellers in the area, including second-home buyers in the beach communities and the service members and veterans near the region’s many military bases,” he added.
Eric Hegwer, a Redfin agent in Green Bay, said in a statement that Green Bay boasts affordable housing stock, closeness to the Great Lakes and entertainment and arts hubs.
The company provides home-selling services like pricing and staging advisory, photography, 3D virtual tours and online marketing. It charges 1% of the listing fee once a house is bought or sold with the help of a Redfin agent.
The brokerage
laid off 470 workers across many divisions in June, citing increase in mortgage rates that led to the decrease in the share price from $97 to $8.
Earlier this month, Redfin added down payment assistance information to home listings on its website.
The new feature is powered by a partnership with Down Payment Resource, a company helping connect homebuyers with more than 2,200 homebuyer assistance programs nationwide, and it enables prospective homebuyers to discover down payment assistance programs they may qualify for.
