Program was paused in mid-March at the onset of the COVID-19 pandemic
Redfin has resumed buying homes through its RedfinNow iBuying program in four additional markets: Dallas, San Antonio, Los Angeles, and Orange County, Calif.
RedfinNow, which buys homes directly from homeowners and resells them to homebuyers, paused in mid-March due to the economic uncertainty at the outset of the COVID-19 pandemic. In early May, however, RedfinNow resumed buying homes in three initial markets: Austin, Denver, and the Inland Empire in California.
“Redfin's home buying demand has been on the rise since mid-April and is now more than 30% higher than pre-pandemic levels,” said Quinn Hawkins, head of RedfinNow. “While the market continues to recover, many homeowners remain wary of hosting showings and open houses for buyers and their agents, not to mention the visits from vendors who might be needed to get their home ready to sell. With RedfinNow, sellers can skip the prep and sell their home with limited in person interaction. Additionally, in an increasingly competitive market, RedfinNow is a popular solution for home buyers who need to sell their old home prior to moving. We're pleased to once again bring this convenient selling option to more Redfin customers.”