As part of this alliance, Compass’ “Coming Soon” listings will appear immediately on Rocket’s Redfin platform, with “Private Exclusive’” properties to follow. According to the companies, this could bring more than 500,000 additional listings to the Redfin platform through the combined reach of Compass’ global network of real estate professionals, including @properties, Better Homes and Gardens Real Estate, CENTURY 21, Christie’s International Real Estate, Coldwell Banker, Compass, Corcoran, ERA and Sotheby’s International Realty.
Furthermore, Rocket Mortgage will offer preferred pricing for Compass clients, which includes a one-percentage-point interest-rate reduction for the first year of their loan or a lender credit of up to $6,000 reducing upfront costs or first-year payments. Rocket Mortgage offerings will also be embedded into Compass International Holdings’ proprietary platform.
“When barriers are removed and supply grows, affordability improves,” said Varun Krishna, CEO of Rocket Companies. “Today’s challenge is friction in the homebuying process and a lack of inventory. By bringing search, agents and financing into one connected platform, we can help more sellers enter the market, reduce complexity for buyers and make homeownership more attainable.”
“We believe listing agents should be connected directly with interested buyers, and sellers should have the freedom to list their homes in the manner and method they choose without fear of misleading insights that damage its value,” said Robert Reffkin, chairman and CEO of Compass. “Now, our real estate professionals can give sellers the choices they deserve, with increased exposure to 60 million potential buyers.”
