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I bought a domain name a while ago bid2show.com The idea was let sales people offer a discount on their fee in exchange for limiting the number of houses you l
by sharemywin 8y ago
I bought a domain name a while ago bid2show.com
The idea was let sales people offer a discount on their fee in exchange for limiting the number of houses you look at.
So, if you make an offer on this house your shown you get 1-2 % discount.
And since the system would know how many houses you've looked at it the realtors may decide to offer less and less of a discount.
You would only need to work with one real estate broker per state and 2-3 agents per local area. So, that there's enough volume for each agent to show 2-3 house per day and 2-5 closing's week.
Not sure if it would have worked just don't have time to pursue it.
- notahacker 8y agoIf I'm understanding correctly, the basic principle doesn't work for an online service - any sensible buyer registers to look at houses in someone else's name, then takes the 2% discount on the "first" house they look at in their own name. Even if you stopped this on your own platform, other means of looking at houses exist. Plus I hate to think what would be wrong with a house or its starting price for vendors to offer a 2% discount (that's ~2% of their net worth for a lot of homeowners) for people not to consider any alternatives.
- sharemywin 8y agobuy reps get usually get 3% so the money is coming out of the reps commission not what the seller is paying. With a showing, you physically show up to a house to look at a house. I'm not talking about virtual or anything.
- notahacker 8y agoOK, that's clearer and I can see what the buy reps get out of it (less commission for less work). But frankly as a consumer wanting to shave percentage points off I'd rather look at a lot of properties without a buy agent than one property with a buy agent