How do you plan on gaining national coverage of listings? Between the agents, brokers, aggregators, and MLSs the data supply chain is incredibly fragmented. Securing access to all of this data is an incredibly time intensive process that requires a LOT of relationship building. Unless of course you try to go the 'redfin' route and become a licensed brokerage in every state... but then.. you lose your edge and you're essentially competing with Redfin.
How do you plan on getting all of that listing data?
Otherwise, very cool idea - just trying to figure out how you plan to overcome that.
Great questions Austin. We've spent the last 6 months "exploring" the data supply chain and have learned first hand how fragmented and closed the system really is.
National coverage is nearly impossible unless you go through an aggregator like ListHub or Point2, but this doesn't work for real buyers because of delayed, inaccurate and incomplete information. The only reliable way to get listing data in most regions is by opening an office and joining the local MLS.
Our non-answer is that we plan to focus on our clients in California for the time being while we nail the customer experience before thinking about expansion.
Hi HN, we're reimagining real estate for a generation that grew up with e-commerce. We've been working full time for a couple of months now and this is our HN debut.
We'd love to know what you think of this. We're hoping the DIY aspect resonates here as much as it does with us.
We don't just list homes, we sell them in our app and let you avoid paying commission to the buyer's agent (up to 3% of the sale price is refunded from your down payment).
We're LA and SF only for the time being. We save you money by refunding most of the buyer agent's commission (usually 3% of the total price). We're able to do this because we're automating a lot of the time consuming things normal agents such as pushing you listings as they come on the market.
[+] [-] ahulak|11 years ago|reply
How do you plan on getting all of that listing data?
Otherwise, very cool idea - just trying to figure out how you plan to overcome that.
[+] [-] jschoenholtz|11 years ago|reply
National coverage is nearly impossible unless you go through an aggregator like ListHub or Point2, but this doesn't work for real buyers because of delayed, inaccurate and incomplete information. The only reliable way to get listing data in most regions is by opening an office and joining the local MLS.
Our non-answer is that we plan to focus on our clients in California for the time being while we nail the customer experience before thinking about expansion.
[+] [-] rgbrgb|11 years ago|reply
We'd love to know what you think of this. We're hoping the DIY aspect resonates here as much as it does with us.
[+] [-] state|11 years ago|reply
[+] [-] bratsche|11 years ago|reply
[+] [-] jschoenholtz|11 years ago|reply
[+] [-] Mandatum|11 years ago|reply
[+] [-] rgbrgb|11 years ago|reply
[+] [-] benjymau5|11 years ago|reply
[+] [-] rgbrgb|11 years ago|reply
[+] [-] hschoenburg|11 years ago|reply