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Buying and selling real estate is up there with the most miserable experiences I have dealt with as an adult. I think there is definitely a lot of room to make

Buying and selling real estate is up there with the most miserable experiences I have dealt with as an adult. I think there is definitely a lot of room to make a lot of change, improve people's lives significantly, and make a lot of money. But I think it will be much harder than you realize. 1. Regulations: this is a HIGHLY regulated industry. Anything that is regulated doesn't have any motivation to improve, because the regulations artificially keep their margins high. 2. Entrenched parties: Improving the technology behind real estate transactions will but lots of people out of work. Lots of people who will likely find it difficult to match their current salaries in other industries. These people will fight against your technology like Luddites. I wish you all the best and please for the love of God make this work!!! Edit: spelling

ezl 13y ago
regulation can be a pain as you say -- there are a lot of highly regulated components of real estate, but some of them are pretty easy to get into as well. For example, crafting rental property management software like maintenance ticketing systems. Some interesting companies in the residential home sales game are trying to streamline the process. Off the top of my head, paperless pipeline & dotloop are both trying to reduce the paper volume. there was also a brandery.org (cincy incubator) company in the last cycle that was doing something similar.
swalsh 13y ago
I recently bought a house using RedFin. They had tech for pretty much every step of the way. The whole process was fairly painless actually. Now the loan process is a different story, but that wasn't terrible to. Just a lot of paper work.