Editors Note: This post was updated in August 2024 to reflect changes to the Sign & Save program.
We’re expanding our Sign & Save program to more markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. With Sign & Save, homebuyers who sign with a Redfin agent before the second tour, qualify for a 0.25% savings on our buyer’s agent fee when you buy your next home.
“With Sign & Save, Redfin is giving consumers a better deal in real estate,” said Jason Aleem, Redfin’s senior vice president of real estate operations. “This program rewards customers who commit to working with a Redfin agent early in the process, which is helping drive more sales for our agents. Not only are we putting money back in our customers’ pocket, we’re also educating them about how real estate commissions work and how Redfin can help them win. This is good for our customers, our agents and our growth as a brokerage, which is why we’re expanding it everywhere we can.”
The program was piloted in a handful of markets in September 2023, launched in additional markets in January 2024, and is now available to Redfin’s home buying customers nationwide.
How Sign & Save Works
New real estate rules require agents to disclose their fees to customers up front. Redfin asks buyers to sign a simple fee agreement when they request a tour with a Redfin agent. This fee agreement transparently discloses our fees, but does not lock you in to working with a Redfin agent. Once a homebuyer goes on their first home tour with a Redfin agent, the agent learns about the customer’s goals, explains the benefits of working with Redfin to achieve those goals, and asks the customer to hire Redfin. Customers who sign up to work with a Redfin agent before the second tour and go under contract to purchase a property within 180 days of signing the agreement get a 0.25% reduction off of Redfin’s fee.
Redfin’s buyer fees vary by market. We’ve set our pricing to give our buyers a competitive edge, and by reducing our fee by 0.25%, we can make your offer more attractive to a seller. Just like the offer price and contingencies, a seller will compare how much in buyer agent fees each offer is requesting and factor that into their decision.
To learn more and get in touch with a Redfin agent, visit: https://www.redfin.com/why-buy. Sign & Save eligibility is subject to minimum buyer agent commission and lender and seller approval. More details are available here.
