Why is being redeemed by Christ important for Christians?

Redemption is a fundamental concept in Reformed theology, highlighting the work of Christ in saving believers from sin and its consequences. In the sermon, the preacher emphasizes that we were redeemed by the 'precious blood of Christ,' meaning that our salvation is not achieved through our efforts but rests entirely on what Jesus accomplished on the cross. This act of redemption means that believers are forgiven and reconciled to God, enabling them to live under His grace and mercy. It is the foundation of our hope and assurance in the Christian life, providing a motive for gratitude and worship.