com/ or call 1-888-378-7878. Over time, we believe that technology can give real estate consumers
better information, more choices, and lower transaction costs.

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has
introduced a revolutionary new way to list your home for sale: online with a
credit card. "You can direct
the money you save to the seller to make your offer more competitive, or use
it to afford a better home.

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Now we are
putting the home-buyer completely in charge, with an online service for making
an offer.

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For a typical $400,000 listing, the discount
would be $8,000 or 2% of the home price.

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Progressive is a realtor referral service, and listings
are taken by agents at brand name brokerages like Coldwell Banker, Century 21
and Prudential who have agreed to list and sell homes for a $2,500 flat fee.
"Redfin has been committed from the start to empowering consumers with
information previously limited to agents," Redfin founder David Eraker said.

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progressivehomesellers. Using a technology known as Redfin Enriched Listings(TM), consumers
can locate a listing on an aerial map, and see in one place the information
used to market the property as well as data from tax records and other
objective sources.com
206-340-8794 x 104

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For Seattle-area home-buyers ready to make an offer ,
the program combines online service with agent telephone support to prepare a
standard offer , negotiate terms and coordinate closing.

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SEATTLE, Progressive Homesellers, Inc.

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Visitors to the company's website can enter all of their property
information into an online form and then actually pay the real estate
commission in advance. The program has
processed several offers, with one acceptance already. "The online forms guided me through the process of making an
offer, and Redfin 's agents provided superb back-and-forth support to ensure
that my offer met all the seller's requirements .

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For those who need help finding and touring homes to buy,
Redfin is continuing to connect its customers with a free partner agent, in a
program now known as Redfin Connect.

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"
"Redfin Direct is fantastic," said Kevin Weed, one of Redfin Direct's
first customers.

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To keep costs low,
agents conduct all business remotely, by phone, fax and email.

Redfin Launches Industry 's First Online Home-Buying Service

Today, Redfin offers home-buyers a choice between traditional service for free
via Redfin Connect or electronic service with a commission refund via Redfin
Direct .

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For more information, please visit
http://www. Redfin Direct is not available to
consumers working with a Redfin Connect partner agent.

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Progressive Homesellers' Affiliated Realtors keep costs low by conducting all
business remotely; by phone, fax and email."
According to a Redfin survey , 58% of registered Redfin users are "very
interested" in an online service for making an offer.

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SEATTLE, Online real estate broker Redfin today
launched Redfin Direct, a home-buying program for saving consumers thousands
off the price of a home. To see properties, Redfin Direct
customers visit open houses, or for a private tour, contact the listing agent
or the seller.

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"We've taken the hassle out of listing your home," said Progressive
Homesellers CEO, Jeremy Stamper."
To ensure experience, Progressive Homesellers requires that its Affiliated
Realtors have been actively selling real estate for at least five years and
are in the top 5% of agents in their state by sales volume. "Two percent can spell the difference
between winning and losing the house you want ," said Marcus Smith, Redfin's
senior broker and vice president of real estate operations.

Press Contact
Bahn Lee: bahn@redfin.

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We've already done the interviewing and negotiated the commission and
now you can order online. Progressive makes money
by charging realtors a referral fee for each qualified lead it generates.
By using Redfin's site to do the house-hunting legwork on their own,
Redfin Direct customers earn two-thirds of the buyer's agent commission for
themselves , applied at closing. The bottom-line is that
Redfin's commission refund and pricing data made me much more competitive as a
buyer."

About Redfin
Redfin (http://www.com) seeks to offer consumers better information and
electronic service at every step of the home-buying and -selling process. Redfin's business methods
and search technology are patent-pending.

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Unlike traditional agents, Redfin Direct agents do not offer private home
tours, or advice on which property to buy .

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Company First to Let Sellers List Their Home Online With a Credit Card

"For example, we combine tax records with listings to let consumers see the
price histories and assessed value of properties on the market. Unlike Web sites that exist to serve real estate agents,
Redfin is dedicated to the consumer as the customer.

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About Progressive Homesellers
Progressive Homesellers is a licensed real estate corporation that
connects home sellers with agents at brokerages like Coldwell Banker, Century
21 and Prudential who have agreed to list and sell properties for a flat
$2,500 fee instead of a percentage based commission. The company is privately owned and
based in Seattle , Washington.

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"There's really no need to invite a bunch of
agents to your house, conduct interviews , and sign a listing agreement in
person. Although
sellers almost never meet their agent in person , they receive full service
representation, complete with MLS exposure, yard sign, contract negotiation
and transaction coordination from offer to close. Another survey found
that the stages of the home-buying experience where consumers felt that they
needed the most support were in areas supported by Redfin Direct: generating
a legal and accurate offer, negotiating final terms and contingencies , and
presenting the offer in a credible way to the seller.redfin.