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Revolutionary to young retail investors in getting them to save. Now someone do real estate lower commissions
by rhegart 7y ago
Revolutionary to young retail investors in getting them to save. Now someone do real estate lower commissions
- bobthepanda 7y agoIsn't that just Redfin?
- gowld 7y agoIt was, until Redfin realized their customers like them better because they don't like talking to a human agent, so they raised their prices to be almost the same price as everyone else.
- scrumbledober 7y agosounds like the perfect time for a new redfin to bring in some competition.
- V99 7y agoOn the sell-side, our family has used revinre.com for several recent houses and paid 0% to a "seller's" agent, plus a few hundred dollars for them to send someone out and take better pictures than you're going to. I think they're just in Phoenix but presumably others will pop up.
- throwaway5752 7y agoRedfin probably raised their rates because they're operating at negative cash flow on both levered and unlevered basis.
- RIMR 7y agoIt's marketed as "the way young people get rich", and it's got a heavy focus on cryptocurrency. I don't know if I would call it revolutionary so much as potentially exploitive.