Got it but I think I was talking about it from a different perspective. I wasn't comparing Opendoor or Redfin's I-buying quotes to a traditional agent sale. I would certainly expect those quotes to be lower because they have to turn around and sell the house and make money doing so.
With Redfin you can also have them sell it in a traditional fashion albeit with lower fees and they handle the inspections etc... to make things easier. The data I saw and again, I don't recall the source (and maybe it was Redfin #'s which could be biased), showed that in apples to apples situations, Redfin achieved a higher sales price than traditional agents. Also, in regards to higher priced homes, Redfin's activity with $1M+ homes grew 30% year over year. I like Redfin in this space because they offer many options from I-buying to traditional sales. One aspect where I have some concern is that their agents are on salary versus commission. I want to understand what their motivation is to achieve a higher sales price (although it appears as if it is happening).
