How Much Can I Save Buying with Prevu vs Redfin?

At first glance, Prevu and Redfin might seem like similar services to buyers given they are both tech-enabled brokerages. However, there are a few big differences if you take a deeper dive that make Prevu the best choice for your home purchase.

Larger savings with Prevu vs Redfin

Let’s jump to the most important part ... the SAVINGS! While Redfin used to offer modest rebates to buyers, that amount they offer has declined considerably over time. Prevu on the other hand provides the largest buyer commission rebates in the industry, and are typically 3x to 8x larger than Redfin’s refunds in comparable markets. In many instances, the additional savings Prevu offers is even more than that.

At Prevu we believe in transparency and give back two-thirds of our commission up to 2% of your purchase price, subject to market minimums. Redfin’s refunds are less straightforward and don’t publish a consistent calculation for buyers. Looking at a larger sample across Northeast markets, Redfin’s publicly quoted rebates equate to around 0.20-0.40% of the purchase price, while Prevu’s rebates are typically between 1.33-2.0% of the purchase price. 

No third-party agents, better results

Another point to be aware of is that Redfin will in some cases pass you off to "partner" brokerages. You sign up on Redfin’s site but you get paired with a different brokerage’s agent. There are two main things to consider with this scenario. First, these transactions are not eligible for a Redfin Refund, so you miss out completely on savings when you buy. Second, you are dealing with a third party agent that may not have the same level of experience.

The best part about working with Prevu is that you are always working with a dedicated Prevu agent. Prevu does not outsource to third party agents. Prevu invests heavily in our agents and pays salaries that are significantly higher than any of our competitors. Technology is very important for seamless collaboration with your agent, but great agents are pivotal to a successful transaction. Therefore, Prevu recruits agents who have a breath of experience or are extraordinary in other aspects. 

Curious to see how much more you can save with Prevu? Browse listings and transparently see your potential savings on every property. We are always here to help you buy your dream home and save you a ton of money!

Below are a few examples of Prevu rebates versus Redfin refunds in Boston, NYC, and Philadelphia:

Boston - Back Bay Boston Condo

• Price: $925,000
• Prevu Smart Buyer Rebate: $15,417
• Redfin Refund: $2,976
• Prevu Rebate is 5.18x Redfin

Boston - Downtown Boston Condo 

• Price: $749,000
• Prevu Smart Buyer Rebate: $11,225
• Redfin Refund: $0.00*

*Redfin Refund can be zero due to published minimum price or outside direct service area.  

New York City - West Village Condo

• Price: $2,550,000
• Prevu Smart Buyer Rebate: $42,500
• Redfin Refund: $3,213
• Prevu Rebate is 13.23x Redfin

Philadelphia - Fishtown Rowhome

• Price: $759,900
• Prevu Smart Buyer Rebate: $12,665
• Redfin Refund: $3,123
• Prevu Rebate is 4.05x Redfin