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Open door is trying to replace realtors, providing a “better”service as a real estate broker. They aren’t competing with buyers or sellers, they aren’t going to
by gnopgnip 4y ago
Open door is trying to replace realtors, providing a “better”service as a real estate broker. They aren’t competing with buyers or sellers, they aren’t going to own homes long term
- theduder99 4y agoyet. remember what happened when zillow got greedy and started to expand into home buying.
- no-dr-onboard 4y agoI'm not sure where the argument is going with this one, but Zillow did poorly for a variety of reasons. They bought at low prices hoping to sell high and tanked their business (Owned By Zillow, not the site). Homes owned by Zillow stayed on the market _significantly_ longer than their traditionally held counterparts. As a homebuyer in the past year I can personally attest that of the 4 realtors I dealt with, not a single one felt inclined to show a "Owned by Zillow" home. In all showings they were poorly maintained and prepped. It *felt* like an abandoned home.
- newfonewhodis 4y ago> They aren’t competing with buyers or sellers Lol what? They are literally a buyer and then a seller for a house. So yes they are competing with other buyers and sellers.
- dragonwriter 4y ago> They aren’t competing with buyers or sellers They literally are, by acting as both a buyer and a seller. Their publicly claimed business model was that that is incidental, and that they are really a fee-based facilitator, but... that also apparently was knowing fraud, so, maybe it shouldn't be given much weight.