Comments on: Redfin: One more nail in the coffin of the wealthy Bay Area real estate agent http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/ News About Tech, Money and Innovation Wed, 25 Nov 2009 21:25:26 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: John Masters http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/comment-page-1/#comment-740140 John Masters Fri, 18 Jan 2008 00:35:41 +0000 http://venturebeat.com/vc/?p=1401#comment-740140 Once again I have found a good post of yours Once again I have found a good post of yours

]]> By: Greg Sterling http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/comment-page-1/#comment-4393 Greg Sterling Thu, 01 Jun 2006 11:15:52 +0000 http://venturebeat.com/vc/?p=1401#comment-4393 This will hit the middle of the market and those agents who aren't serious and/or successful. But the Internet and ZipRealty's similar model haven't killed agents to date and won't. But it's an interesting development and one that will help many buyers. Eric Heller of Redfin wrote me and said "The growth has literally been explosive, and we now represent nearly 1% of all transactions done in the most populous county in the Northwest." Another interesting site that's going to put some pressure on agents (on the sell side) is Homethinking. This will hit the middle of the market and those agents who aren’t serious and/or successful. But the Internet and ZipRealty’s similar model haven’t killed agents to date and won’t. But it’s an interesting development and one that will help many buyers.

Eric Heller of Redfin wrote me and said “The growth has literally been explosive, and we now represent nearly 1% of all transactions done in the most populous county in the Northwest.”

Another interesting site that’s going to put some pressure on agents (on the sell side) is Homethinking.

]]> By: SC http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/comment-page-1/#comment-4392 SC Thu, 01 Jun 2006 07:16:14 +0000 http://venturebeat.com/vc/?p=1401#comment-4392 When I bought my house a couple of years ago, my realtor's contribution included all of faxing my offer and showing up at the closing. I think agent's contributions have been nil over the last few years. I expect that in a "normal" market the agent's primary contribution would be the pricing. An effective way to automate that would be the end of the realtor as we know it. When I bought my house a couple of years ago, my realtor’s contribution included all of faxing my offer and showing up at the closing. I think agent’s contributions have been nil over the last few years. I expect that in a “normal” market the agent’s primary contribution would be the pricing. An effective way to automate that would be the end of the realtor as we know it.

]]> By: RK http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/comment-page-1/#comment-4391 RK Wed, 31 May 2006 22:04:06 +0000 http://venturebeat.com/vc/?p=1401#comment-4391 I think Redfin is a great idea. one needs to trim the fat = Agent with no ROI value, Contract neg can be automated do not under estimate Technology, if there is will and need it will happen. RK I think Redfin is a great idea. one needs to trim the fat = Agent with no ROI value, Contract neg can be automated do not under estimate Technology, if there is will and need it will happen.

RK

]]> By: lady http://venturebeat.com/2006/05/31/redfin-one-more-nail-in-the-coffin-of-the-wealthy-bay-area-real-estate-agent/comment-page-1/#comment-4390 lady Wed, 31 May 2006 08:32:47 +0000 http://venturebeat.com/vc/?p=1401#comment-4390 will redfin automatically perform contract negotiations etc? the agent is going to be around for a while it is not that easy! will redfin automatically perform contract negotiations etc? the agent is going to be around for a while it is not that easy!

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