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I used to ask the same question myself. I went and talked to many real estate agency principals and found that the most important step for them is to get listi
by CyberFonic 10y ago
I used to ask the same question myself. I went and talked to many real estate agency principals and found that the most important step for them is to get listings. If you don't get enough listings, then you don't have sufficient cashflow.
Buyers do look at the real estate web sites to find properties that meet their needs, then they go and inspect them, etc. The transaction involves contracts, lawyers, conveyancers, title registrations, etc.
So when you talk about disruption, which portion of the chain are you talking about? An end-to-end system would need to hook into many existing systems and those are different for every country, state, county, some times even cities.
- africajam 10y agoI'm mainly talking of the tools estate agents use to build their websites as well as manage their properties, clients etc. You are right that getting listings is the primary pain point but I would have thought standards about how properties are categorised etc would help with this. In particular as real estate becomes more international it would really help for a broker in Mexico to be able to send details of a property to someone in Russia in a format that can be mutually understood. I can also imagine a demand for open source tools that can help in the communication between all the different parties to the transaction. I have ideas about how such a tool could monetise and I'm surprised that no one else has thought to do it.
- africajam 10y agoBTW, did you find this post under the "Ask HN" section? When I browse it I cannot see my own post.... :(