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I probably did a poor job on my perspective. I see them as commodities in regards to the agent workflows. Sub $500k (picking a number) homes all have relatively
by infecto 3y ago
I probably did a poor job on my perspective. I see them as commodities in regards to the agent workflows. Sub $500k (picking a number) homes all have relatively the same workflow for agents, almost like buying/selling commodities. The parallel I would make is how Carmax treats cars closer to a commodity then a unique snowflake. They have a fairly good idea of the use price of a vehicle, there is no haggling, the sales person is there to facilitate the deal but is not the sole determining factor.
In my worldview homes below a price point are very similar. They are all different, condition, location, features etc, but generally you can get an idea of the potential price based on comps. There is still human touch here to get an idea on listing price but outside of that the workflow is pretty mundane and is just facilitating the process. Maybe in other housing markets its different but all the homes I have bought in the last 10 years, nobody was highlighting positives or downplaying negatives. My (buyers) agent shows me the property, lets me look around and does not really do much else.