1. This will be a hit with sellers who are not price-sensitive such as out of area heirs. What tiny percentage of the market is this? And it might work in AZ or NV where the inventory is miles of identical little boxes and you can convince sellers that there really is only one price.
2. Vulnerable people might fall for this model and then the lawsuits follow (I'm a consumer fraud attorney and a real estate broker, but what do I know?).
3. Smart agents and brokerages are already getting ahead of this trend and educating consumers about the limitations.
We're decades away from consumers being so cavalier about their biggest assets and their once or twice in a lifetime transactions. I started in real estate via tech. I had to learn the hard way that real estate is a trust and relationship business for a reason.
this sounds really exciting! other than Zillow, who are their main competitors? i've also heard friends talk about EXP Realty and how they have disrupted the consumer real estate market. are they in the same space? i would agree that it's exciting to see this space move into the 21st century!
Three quick observations:
1. This will be a hit with sellers who are not price-sensitive such as out of area heirs. What tiny percentage of the market is this? And it might work in AZ or NV where the inventory is miles of identical little boxes and you can convince sellers that there really is only one price.
2. Vulnerable people might fall for this model and then the lawsuits follow (I'm a consumer fraud attorney and a real estate broker, but what do I know?).
3. Smart agents and brokerages are already getting ahead of this trend and educating consumers about the limitations.
We're decades away from consumers being so cavalier about their biggest assets and their once or twice in a lifetime transactions. I started in real estate via tech. I had to learn the hard way that real estate is a trust and relationship business for a reason.
this sounds really exciting! other than Zillow, who are their main competitors? i've also heard friends talk about EXP Realty and how they have disrupted the consumer real estate market. are they in the same space? i would agree that it's exciting to see this space move into the 21st century!
Why not reduce the commission vs keeping it the same. It would be way more attractive!