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Other relators do not put their fee pricing on their websites so we decided to follow suit. We have the same pricing model - negotiable. But we provide better s
by greenfish6 2y ago
Other relators do not put their fee pricing on their websites so we decided to follow suit. We have the same pricing model - negotiable. But we provide better service.
- esafak 2y ago> But we provide better service. How would a prospective customer know that?
- greenfish6 2y agoWe let you drive your own process and interpret real estate data with AI. We target customers who are looking for these in their Realtor
- somehnguy 2y ago> interpret real estate data with AI What does this actually mean though?
- greenfish6 2y agoThe texting service we provide works similarly to texting a regular realtor. You can text it "Is a $1200 HOA fee per month high for san francisco?" and it will do the searches and compare the local properties to tell you an answer
- Gerardo1 2y agoSo do you actually do real estate agent things: make contracts, review contracts, communicate with your client, negotiate on behalf of your client? Or are you an information service specializing in real estate information?
- seany62 2y agoI'm a licensed agent in CA and am particularly interested in the answer to this question. There's very strict regulation around unlicensed individuals performing activities requiring a license (negotiating, showing property, etc). Thus I would be surprised if they have AI doing this for a client!
- Gerardo1 2y agoThat doesn't in any way address the question the other commenter was asking?
- esafak 2y agoPerhaps he meant better user experience.
- alemanek 2y agoSome realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: https://arrivva.com/ https://arrivva.com/ 2. Minimum 1.25-1.5% but refunds 50% of any commission paid above: https://www.walawrealty.com/buy https://www.walawrealty.com/buy Minimum for me to work with a company is transparent pricing. Even a range based on levels of service is cool. But, I am not going to waste time on a phone call with no clue as to fee structure.
- imglorp 2y agoThe whole agent commission business is already fully shady and at least one class action brought that to light[1]. Both buyer and seller agents benefit from higher home prices and from percentage based commission despite the work being the same regardless of home price. The customers are always the victim. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers https://realestate.usnews.com/real-estate/articles/what-the-... I've been very pleased to use an attorney on a simple hourly fee who did not have such gross conflicts of interest.
- greenfish6 2y agoWe are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/ https://www.turbohome.com/, I've seen them on social media
- richwater 2y agoFrankly your responses on this page have convinced me to stay clear of this product. Sorry, I guess.
- greenfish6 2y agoThanks for feedback. Our priority is on good service
- 2y ago
- margalabargala 2y agoThis says to me, "we are just like other realtors" and makes me less inclined to use your services. Transparency is a killer feature for realtors that would set them apart from the masses. AI is a nice to have feature. > We have the same pricing model - negotiable Nobody wants to start off with an adversarial discussion with the person they are trying to hire to help them. Also, I'll point out that on your front page, you say: > We are more responsive (24/7), provide better service, and offer better prices. But here you are saying you offer the same prices.
- greenfish6 2y agoTrue, I'll update the website to reflect our updated pricing model
- replwoacause 2y agoFWIW services like Redfin list their fees right upfront.
- greenfish6 2y agoFwiw redfin is also tiny with 0.78% market share and slim or negative profits
- foobiekr 2y agoHow much market share do you have?
- greenfish6 2y agoWhy would we mimic Redfin, who's a fairly small & declining player in the real restate brokerage space, when we could mimic features of much more successful players like Keller Williams
- 2y ago
- mliker 2y agoRealtors do in fact list their fees. More and more of them are, especially after the August 2024 changes
- greenfish6 2y agoStruggling realtors list their fees as a feature. Look through any of the top realtors in the bay area from last year: https://www.theleading100.com/honorees/theleading1002024/ https://www.theleading100.com/honorees/theleading1002024/, you'll notice none of them list their fees. Here's the websites of the top 2 realtors in the bay area from last year, to save you some clicks: https://www.kerinicholas.com/ https://www.kerinicholas.com/, https://go2marin.com/ https://go2marin.com/
- Mistletoe 2y agoAren’t you trying to be better than them though? People need to know that they are saving money with your new and unproven service that could go awry in so many ways.
- greenfish6 2y agoPeople buying consumer products typically believe in price signaling. We've actually had clients believe in our services much more at full price than when we were discount a couple months ago. The default question when we charged a discount price was - "but what am I missing out on if I choose you?" - and even when we said "Nothing!" clients bought into the discount pricing signal already and could not be swayed. This question is never asked at full price
- conductr 2y agoSo 3% and even lower touch service, oh yea “the seller pays for it” right? Buyer Agents are already grossly overpaid for the amount of actual work involved IMO, you so much as pointed that out in your stated value prop except found a way to keep the greedy commissions and not actually improve anything for the buyer. There’s flat fee agents that will do exactly this without AI and at a cost of $500-1000 where I live. You should do that and go for volume. Edit: Oh and their offer doc includes a clause that effectively negates the 3% buyer commission and nets seller the same amount without letting their agent keep the full 6% If you could normalize this, you will have truly disrupted the industry. As is, your an ai substitution for status quo
- dirtbag__dad 2y agoI’m curious about the “market charges X so I’ll charge X too but with a better service.” I’ve seen this elsewhere, too. Isn’t the point of replacing a human agent with software that your margins are better and can charge less to the end user?
- shostack 2y agoI don't know a single home buyer who likes that though. You have an opportunity to differentiate by moving away from the obnoxious dynamic that exists today.
- tempodox 2y ago“We can't tell you what our product costs beforehand because we try to extract as much as we can from you.”