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Posted on 12/27/15 at 3:52 pm to lynxcat
The biggest problem is the information. A "free" mls is fine in theory. Showing the listings will always be the biggest barrier. Many people hire agents because they want buyers to be vetted before entering their home. They don't want some crazy calling out of the blue to drop by and look at their home.
Many times, the MLS has special instructions. Only show between 2-5. Homeowner works at night. Homeowner stays out of town, etc. way too much info to give to the public.
If you don't have specialized data, then what makes your free MLS better than Zillow or the MLS data feed that you could subscribe to? What's the value proposition?
Like I said earlier, there is a huge opportunity for disruption, but it's going to take a great idea and lost of money/marketing.
Many times, the MLS has special instructions. Only show between 2-5. Homeowner works at night. Homeowner stays out of town, etc. way too much info to give to the public.
If you don't have specialized data, then what makes your free MLS better than Zillow or the MLS data feed that you could subscribe to? What's the value proposition?
Like I said earlier, there is a huge opportunity for disruption, but it's going to take a great idea and lost of money/marketing.
Posted on 12/27/15 at 3:55 pm to Gr8t8s
I developed some great real estate software several years ago that started down that path. Got invited to Inman connect in San Francisco to showcase it. Had a great reception with it. MLSs were interested in incorporating the technology. It was just a little before its time. Years later, and I'm just now starting to see some of the ideas I had being pushed into searches.
Posted on 12/27/15 at 3:55 pm to Gr8t8s
quote:
Like I said earlier, there is a huge opportunity for disruption, but it's going to take a great idea and lost of money/marketing.
it's also going to take enforcement of regulations on agents/brokers and appraisers
the best way to disrupt things will be proliferating non-traditional listings in minority neighborhoods and then when realtors steer clients away, you sic the federal government on them for violating the fair housing act and claim they're avoiding these neighborhoods due to race
Posted on 12/27/15 at 4:05 pm to Gr8t8s
No you didn't
Posted on 12/27/15 at 4:06 pm to SlowFlowPro
How many successful tech rated businesses have seen success targeting the poorest demographics? I don't think a legal battle is how you drive success.
This post was edited on 12/27/15 at 4:06 pm
Posted on 12/27/15 at 4:07 pm to lynxcat
quote:
How many successful tech rated businesses have seen success targeting the poorest demographics?
Posted on 12/27/15 at 4:09 pm to lynxcat
quote:
Any disruption in the industry is welcomed with wide open arms due to the nonsense you guys build to protect the profession.
I'm not an agent. Stop creating falsities to prove your point which sucks by the way.
You too don't understand that everybody has a cost for their time whether they own their own business or work for someone else getting paid a salary or by the hour. Same either way.
By all means if you think you are saving a few bucks not using a broker, go for it.
My guess is you just haven't worked with the right agents. The guy I've used is great. I do my homework, figure out what I want to net after his fees, consult with him and then cut him loose to market, qualify, negotiate and close.
Pretty straightforward.
This post was edited on 12/27/15 at 4:10 pm
Posted on 12/27/15 at 4:09 pm to lynxcat
quote:
What barriers exist here?
Fearing this was happening with Zillow, a lot of local Realtor associations quit providing their MLS data to Zillow or greatly reduced the amount of info shared.
Posted on 12/27/15 at 4:11 pm to SlowFlowPro
I still don't actually know who twitter is targeted towards. It definitely got embraced by all levels of the socioeconomic ladder but I still don't truly grasp the purpose it serves (long term, I doubt it's viability but that's another discussion)
Posted on 12/27/15 at 4:12 pm to stout
quote:
Fearing this was happening with Zillow, a lot of local Realtor associations quit providing their MLS data to Zillow or greatly reduced the amount of info shared.
That and there was virtually no quality control by Zillow. They expected the brokerages to do all the work for them and then pay them for the privilege of being a "featured agent."
Posted on 12/27/15 at 4:12 pm to SlowFlowPro
quote:
the best way to disrupt things will be proliferating non-traditional listings in minority neighborhoods and then when realtors steer clients away, you sic the federal government on them for violating the fair housing act and claim they're avoiding these neighborhoods due to race
You know how hard those cases are to prove?
Posted on 12/27/15 at 4:12 pm to lynxcat
that was just a joke
but my comment was more about disrupting the market and not a specific tech. it would have to be attacked from multiple angles
but my comment was more about disrupting the market and not a specific tech. it would have to be attacked from multiple angles
Posted on 12/27/15 at 4:14 pm to stout
quote:
Fearing this was happening with Zillow, a lot of local Realtor associations quit providing their MLS data to Zillow or greatly reduced the amount of info shared.
Anything stop the feds from calling this a monopoly / collusion and therefore require MLS release its information?
Posted on 12/27/15 at 4:14 pm to dsides
quote:
You too don't understand that everybody has a cost for their time
I wish you would quit with this cost for time argument. We all understand it, but your failure is to see what other people are saying. To some, their time is worth saving the $4500 commission on their $150K house.
Posted on 12/27/15 at 4:15 pm to saderade
quote:
Do you not realize that not everyone owns a business or wants to run a business? I would much rather do the extra work involved to sell my own home than give someone else that amount of money. I do realize the benefit of realtors and I think it just depends on everyone's individual situation.
The concept of time value of money has really confused some of you today. Google it.
Here's an idea. Find good people to work with and let them make a little money off you providing a service. Treat them well. Over time it will get paid back to you and you will enjoy life much more and die happy with friends.
Or you can pinch pennies, assume everyone is out to screw you and you can die miserable with a few extra dollars. (although that's debatable.)
Posted on 12/27/15 at 4:16 pm to stout
quote:
I wish you would quit with this cost for time argument. We all understand it, but your failure is to see what other people are saying. To some, their time is worth saving the $4500 commission on their $150K house.
:kige:
Posted on 12/27/15 at 4:16 pm to lynxcat
quote:
Anything stop the feds from calling this a monopoly / collusion and therefore require MLS release its information?
No because it's data provided by it's members. They don't have a monopoly on anyone else properly collecting the same data. They just have a right to protect the data their members share on the MLS with whom they choose.
Posted on 12/27/15 at 4:17 pm to stout
quote:
I wish you would quit with this cost for time argument. We all understand it, but your failure is to see what other people are saying. To some, their time is worth saving the $4500 commission on their $150K house.
No, they don't. You must not either since I also mentioned identifying your net number and grossing up your price. Keep up.
Posted on 12/27/15 at 4:19 pm to dsides
quote:
The concept of time value of money has really confused some of you today. Google it.
Here's an idea. Find good people to work with and let them make a little money off you providing a service. Treat them well. Over time it will get paid back to you and you will enjoy life much more and die happy with friends.
Or you can pinch pennies, assume everyone is out to screw you and you can die miserable with a few extra dollars. (although that's debatable.)
I am very aware of time value of money and opportunity cost. You have made assumptions throughout the entire thread that you know the inputs into that equation and they seem to always result in using a broker as the most beneficial scenario.
Your point is heard loud and clear that you think the opportunity cost is favorable to use a REA. Others have stated they believe otherwise. You are in no position to say one is right or wrong across the board.
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