<br>

## OfferMarket launched today on Product Hunt, and we failed miserably.

<br>

We tried launching on Product Hunt today, if that's what you'll call it. We half-assed it. We put together our launch post and asked a few friends to upvote. 6 hours in and we have 3 referrals to our site from Product Hunt.

<br>

One person we asked for an upvote replied "I just like sold my soul to give you an upvote", here's what they were referring to in the sign up with Twitter authentication flow:

<br>

![twitter-authorize-an-application.jpg](https://cms.rentstack.co/uploads/twitter_authorize_an_application_b660bf2b3a.jpg)

<br>

Then we tried to have some people find us on Product Hunt, but they couldn't because their search doesn't work...

<br>

![producthunt-offermarket-search-no-results.png](https://cms.rentstack.co/uploads/producthunt_offermarket_search_no_results_bbcc62ab9f.png)

<br>

So that's when we realized we probably were not going to be raising much awareness on Product Hunt this time around. It also made it clear that Product Hunt either has some bugs or performance issues, or the only people whose product launches percolate to the top of the daily rankings do one or both of the following:

<br>

- know a lot of people already on Product Hunt and build a following on Product Hunt before launch
- coerce a lot of friends, family and others for upvotes

<br>

## Which doesn't lend much credibility to the platform as a utility for finding valuable tools.

<br>

Moving on then. We'll try again next time. We hope you enjoyed our post-mortem and how not to launch on Product Hunt.

<br>

<iframe style="border: none;" src="https://cards.producthunt.com/cards/posts/272573?v=1" width="500" height="405" frameborder="0" scrolling="no" allowfullscreen></iframe>

OfferMarket launched on Product Hunt! This is a post on how not to launch on Product Hunt.

Try To Find OfferMarket On Product Hunt - OfferMarket

Try To Find Us On Product Hunt

<br>

## RedfinNow competitors include:

<br>

- OfferMarket
- Opendoor
- Zillow Offers
- Offerpad

<br>

|    Service    |     Type    | Offer Competitiveness |
|:-------------:|:-----------:|:---------------------:|
|   RedfinNow   |    iBuyer   |          Low          |
|    Opendoor   |    iBuyer   |          Low          |
|    Offerpad   |    iBuyer   |          Low          |
| Zillow Offers |    iBuyer   |          Low          |
|  OfferMarket  | Marketplace |          High         |

<br>

## What is RedfinNow?

<br>
RedfinNow is an "[iBuyer](https://www.offermarket.us/real-estate-glossary/ibuying)" (short for "instant buyer") of single family homes. iBuying is a new home sales model where you receive a cash offer to sell your home fast. While there is an incredible convenience factor in play, the iBuying model comes with some drawbacks that we feel are important to know. If you're looking to sell your home fast and looking for RedfinNow competitors, this article aims to detail your options.

<br>
<br>

## ​Things to know about the iBuyer model

<br>

- Service is available in limited markets
- Not all houses receive an offer
- You will receive a lower offer than you would in a competitive sale
- You will pay service fees of 6% - 10% (not including repairs)
- Your offer will be contingent on an inspection and you will either need to pay for repairs or accept a revised, lower offer.

<br>

## How does RedfinNow work?

<br>

While RedfinNow is known for providing immediate all-cash offers to owners, it may take two or three visits to determine the final offer. The process to determine the final price RedfinNow is willing to pay for your property typically includes these steps:

<br>

1. Owners submit their property info on RedfinNow’s website and get an offer range.
2. RedfinNow makes a quick 30-min evaluation in the house and comes back with a preliminary offer. 
3. If owners agree with the proposal, RedfinNow will carry a deeper inspection to determine if the property needs any repairs.
4. Homeowners will receive the inspection report detailing the essential repairs the property needs and its cost, deducted from the final price.
5. RedfinNow gives owners the right to carry the repairs themselves or cancel the contract if they don’t agree with the inspection report. 
6. Offers can be 5-15% lower than what you would get on the open market. 

<br>

## Where is RedfinNow available?

<br>

RedfinNow markets: 

<br>

- Arizona
- California
- Colorado
- Maryland
- Massachusetts
- Nevada
- Oregon
- Virginia
- Texas
- Washington
- Washington D.C.

<br>

## RedfinNow offer ranges and exclusions

<br>

This iBuying company handles different value standards according to the city. In Houston, for instance, RedfinNow purchases houses from $170,000 to $375,000, while in Los Angeles, offer values range from $350,000 to $900,000. 

<br>

## Is my house eligible to receive an offer from RedfinNow?

<br>

RedfinNow only buys single-family houses built after 1960 with no structural issues or unauthorized additions. RedfinNow won’t purchase properties with Masonite Woodruff roofing, polybutylene plumbing, or aluminum wiring.

<br>

## RedfinNow vs OfferMarket

<br>

|     Comparison    |  OfferMarket |           RedfinNow          |
|:-----------------:|:------------:|:----------------------------:|
|    Service fee    |      0%      |              4.5% - 7%              |
|      Repairs      |  $0 (as is)  |        paid by seller        |
|     House type    |      Any     |           Selective          |
| Closing timeframe | 15 - 45 days |          7 - 60 days         |
|      Markets      |  Nationwide  | Limited cities and states |

<br>

## How much money will you keep?

<br>

| Net Proceeds Analysis | OfferMarket | RedfinNow |
|:---------------------:|:-----------:|:---------:|
|     Purchase price    |   $100,000  |  $100,000 |
|      Service fee      |      $0     |   $7,000  |
|        Repairs        |      $0     |  $2,000*  |
|     Closing costs     |   $1,500*   |  $1,500*  |
|      Net proceeds     |   $98,500   |  $89,500  |

<br>
 
(*) *estimated*

<br>

## [Sell your house <u>fast</u> and <u>competitively</u> with OfferMarket](https://www.offermarket.us/sell?ref=blog-redfinnow-competitors)

<br>

## Related comparisons:

<br>

- [Offerpad Competitors](https://www.offermarket.us/blog/offerpad-competitors)
- [Opendoor Competitors](https://www.offermarket.us/blog/opendoor-competitors)
- [Zillow Offers Competitors](https://www.offermarket.us/blog/zillow-offers-competitors)


<br>


What is RedfinNow? Where is RedfinNow available? Who are RedfinNow competitors? Your questions answered along with a comparison of RedfinNow and Opendoor.

RedfinNow Competitors - RedfinNow vs Zillow Offers vs OfferMarket vs Opendoor vs Offerpad

large_RedfinNow Competitors - MetaImage.jpg

medium_RedfinNow Competitors - MetaImage.jpg

small_RedfinNow Competitors - MetaImage.jpg

thumbnail_RedfinNow Competitors - MetaImage.jpg

RedfinNow Competitors - MetaImage.jpg

RedfinNow Competitors - OfferMarket

RedfinNow Competitors

<br>

An individual training to become a licensed real estate appraiser who has completed at least 75 hours of education.

<br>

## Related terms
- [Certified General Appraiser](https://www.offermarket.us/real-estate-glossary/certified-general-appraiser)
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Licensed Residential Appraiser](https://www.offermarket.us/real-estate-glossary/licensed-residential-appraiser)

A Trainee Appraiser is an individual training to become a licensed real estate appraiser who has completed at least 75 hours of education.

Trainee Appraiser - Real Estate Glossary - OfferMarket

What is a Trainee Appraiser in real estate?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket provides DSCR rental loans, bridge loans, hard money, fix and flip, slow flip, and ground up construction loans.

Private Lending | OfferMarket

Private Lending

What is AM Best?

Financial Strength Rating (FSR) Scale

Financial Size Category (FSC)

Protect and grow your portfolio with OfferMarket

<div style="position: relative;width: 100%;overflow: hidden; padding-top: 56.25%;">
<iframe  style="position: absolute; top:0; left:0; bottom:0; right:0; width: 100%; height: 100%;border: none;" src="https://www.youtube.com/embed/oeoC9PH_Oto" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen>
</iframe>
</div>

When you [shop for insurance](https://www.offermarket.us/insurance?ref=content-am-best-ratings), whether it's **Landlord Insurance** or **Fix and Flip Insurance**, it's important to choose an insurer that is financially strong and able to meet its obligations detailed in your insurance policy.

Many private lenders, including [OfferMarket Capital](https://www.offermarket.us/loans?ref=content-am-best-ratings), have a minimum AM Best rating requirement for [DSCR Loans](https://www.offermarket.us/blog/dscr-loan-program) and [Fix & Flip Loans](https://www.offermarket.us/blog/fix-and-flip-loans). 

At OfferMarket, we require all policies be written through insurers with a minimum of A- / VIII. As you will see from the ratings tables below, that means the insurer must be considered to have an "Excellent" ability to meet their ongoing insurance obligations, and their policyholder surplus must be at least $100 million.

## What is AM Best?

AM Best is a financial services rating agency that specializes in assessing the financial strength and size of insurance companies.

## Financial Strength Rating (FSR) Scale

The Financial Strength Rating is a statistical assessment of an insurer's ability to meet their ongoing insurance obligations. AM Best assigns a financial strength rating from A++ (Superior) through D (Poor). Our private lending division, OfferMarket Capital, requires a minimum FSR of A- (Excellent).

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Rating<br>Categories</th>
    <th>Rating<br>Symbols</th>
    <th>Rating<br>Notches*</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Superior</td>
    <td>A+</td>
    <td>A++</td>
  </tr>
  <tr>
    <td>Excellent</td>
    <td>A</td>
    <td>A-</td>
  </tr>
  <tr>
    <td>Good</td>
    <td>B+</td>
    <td>B++</td>
  </tr>
  <tr>
    <td>Fair</td>
    <td>B</td>
    <td>B-</td>
  </tr>
  <tr>
    <td>Marginal</td>
    <td>C+</td>
    <td>C++</td>
  </tr>
  <tr>
    <td>Weak</td>
    <td>C</td>
    <td>C-</td>
  </tr>
  <tr>
    <td>Poor</td>
    <td>D</td>
    <td>-</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Financial Size Category (FSC)

The Financial Size Category is a measure of **Policyholder Surplus** which is calculated by subtracting the insurance company's liabilities from its assets. The greater the policyholder surplus, the better able the insurance company can withstand adverse economic conditions and remain solvent.

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Class</th>
    <th>Policyholder Surplus ($ Millions)</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>I</td>
    <td>Less than 1</td>
  </tr>
  <tr>
    <td>II</td>
    <td>1 to 2</td>
  </tr>
  <tr>
    <td>III</td>
    <td>2 to 5</td>
  </tr>
  <tr>
    <td>IV</td>
    <td>5 to 10</td>
  </tr>
  <tr>
    <td>V</td>
    <td>10 to 25</td>
  </tr>
  <tr>
    <td>VI</td>
    <td>25 to 50</td>
  </tr>
  <tr>
    <td>VII</td>
    <td>50 to 100</td>
  </tr>
  <tr>
    <td>VIII</td>
    <td>100 to 250</td>
  </tr>
  <tr>
    <td>IX</td>
    <td>250 to 500</td>
  </tr>
  <tr>
    <td>X</td>
    <td>500 to 750</td>
  </tr>
  <tr>
    <td>XI</td>
    <td>750 to 1,000</td>
  </tr>
  <tr>
    <td>XII</td>
    <td>1,000 to 1,250</td>
  </tr>
  <tr>
    <td>XIII</td>
    <td>1,250 to 1,500</td>
  </tr>
  <tr>
    <td>XIV</td>
    <td>1,500 to 2,000</td>
  </tr>
  <tr>
    <td>XV</td>
    <td>2,000 or greater</td>
  </tr>
</tbody>
</table>
</div>

### How to calculate Policyholder Surplus

Assets - Liabilities = Policyholder Surplus

### What is Policyholder Surplus

Policy holder surplus is the liquidation value of an insurance company. If you were to sell all assets and repay all liabilities, the policyholder surplus is what would be left. In business, this is is otherwise known as **book value**.

---

[![Shop 40+ carriers landlord insurance.jpg](https://cms.offermarket.us/uploads/Shop_40_carriers_landlord_insurance_974b0d370b.jpg)](https://www.offermarket.us/insurance?ref=content-am-best-ratings)

---

## Protect and grow your portfolio with OfferMarket

OfferMarket is a real estate investing platform focused on serving rental property investors, specifically 1-4 unit residential properties. Our mission is to help you build wealth through real estate.

☂️ **[Landlord Insurance](https://www.offermarket.us/insurance?ref=content-am-best-ratings)** rate shopping platform specialized in landlord insurance that meets DSCR loan guidelines</br>
🏚️ **[Off Market Properties](https://www.offermarket.us/insurance?ref=content-am-best-ratings)** marketplace featuring hundreds of exclusive and off market deals posted by wholesalers, tired landlords and distressed sellers.</br>
💰 **[Private Lending](https://www.offermarket.us/loans?ref=content-am-best-ratings)** featuring instant quotes and a simple, low cost, transparent borrowing experience for DSCR loans, Fix and Flip loans and Slow Flip loans.</br>
💡 ***[Insights](https://www.youtube.com/channel/UCRoNHXFVgI36SV0QQpyf9fw)** regularly published to provide you with a knowledge advantage.

---

AM Best ratings assess the financial strength and size of insurance companies, minimums of which are often required by private lenders.

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

AM Best Ratings

What is AM Best?

* Takes 2 minutes, no credit pull