RedfinNow shuts down, deals coming for their 17 unsold homes in the Seattle area?
Redfin announced this week that they’re shutting down RedfinNow, their “iBuyer”/home-flipping initiative, and will be selling the homes they own as quickly as possible, hoping to have liquidated them all by the second quarter of 2023.
Curious about how many homes Redfin owns in the area we searched through county records to find them all. Turns out there are only 25 in the area with 8 already pending. If you’re on the search for a deal, you may find one in one of their 17 unsold homes.
We’re sad to see RedfinNow go away. Was a good option for some sellers, but obviously a hard business to operate at scale.