montgomster

8 ms·

31.
by montgomster 3y ago
Thank you for your comments, Tom. There are many high value homes in Seattle. If a home sells for $1m the savings are $60k less about $2000.00 for the ad plus a home inspection and a Photographer. If a home sells for $2m that is $120k! We b
32.
by montgomster 3y ago
there is an existing organization many people are unaware of; The National Association of Exclusive Buyer Agents [1]. In my opinion, this is because they gave up the listing commissions in favor of the buyer. They cannot work in a real esta
33.
by montgomster 3y ago
Interesting thought. The breakdown of those hours suggests they are mostly small none repeating tasks. Like, how long does it take to unbox the yard sign and stick it in the ground. It may take less time now that it is fully automated. We w
34.
by montgomster 3y ago
Thank you for your feedback. There are many people that have a different opinion. WE can start with the 500k fsbos in 2022. But there are other folks like the college investor[1] that has done some research and wrote about it on a blog. You
35.
by montgomster 3y ago
Interesting to read your take as working in a real office as a developer. You spent a considerable amount of time and thanks so much for your viewpoint. Your viewpoint is fairly common in the industry. I do believe PropBox completely replac
36.
by montgomster 3y ago
In my state if you sign a buyer agency agreement, describe the property you are looking for and it is dated. You are obligated to pay in most situations. If you can prove abandonment you can likely get off the hook. Every state has their ow
37.
by montgomster 3y ago
Excellent question: How would I ever know? If you never came to the platform there are still ways you may know. In our tiny test market(tiny is 4 sales), all four buyers came from our unique yard sign. All four sellers came from word of mou
38.
by montgomster 3y ago
Thank you.
39.
by montgomster 3y ago
Thank you for your comment. We are not trying to disrupt necessarily. We are offer a third choice. Until yesterday's launch you had two choices: For-sale-by-owner (FSBO) or some type of real estate agent. We believe either choice has n
40.
by montgomster 3y ago
Correct. Thanks for pitching in.
41.
by montgomster 3y ago
Many real estate salesperson agents who are not brokers can become Realtors. The broker license requires more hours of study and some states require a salesperson to complete a certain number of hours or transaction before they can become a
42.
by montgomster 3y ago
You won't get any argument from me. PropBox completely replaces the need for real estate agents and MLS listings. PropBox enables you to sell your home fast with no fees - on a secure platform with a very easy process. It takes about 1
43.
by montgomster 3y ago
Ha! If I get your drift, we don't ever want to be seen as scheming. Transparency is paramount to building a trusting relationship with our customers. We will be very careful to avoid any hint of scheming. Thanks for your comment.
44.
by montgomster 3y ago
We won't decide on the price change until after we hit 100. 101 could be full price, but it may lower. It is also unknown how long it will take to hit 100. good question, thank you.
45.
by montgomster 3y ago
PropBox is not a real estate company. PropBox is a tech enabled platform that sells an ad to home sellers. It is a uniquely designed ad that offers options, not advice, to home sellers and buyers. We believe consumers of real estate are sma
46.
by montgomster 3y ago
When I began selling real estate in 1966 the legal theory in place was "Caveat Emptor" or let the buyer beware. There were many complaints and over the years the theory drifted to "Caveat Venditor" or let the seller bewa
47.
by montgomster 3y ago
Your comments and your experience are one of the reasons we do not use multiple listing services. The other reason is that they are very inefficient and time consuming. The methods and operations originated over one hundred years ago. I hav
48.
by montgomster 3y ago
Hello, Hacker news readers: This is Richard Montgomery that started this thread. I am overwhelmed with the response. We were expecting it would be a couple of weeks before we would have many responses. I want to answer every question, and I
49.
by montgomster 3y ago
Wow. This is very helpful. Thank you.
50.
by montgomster 3y ago
I don't know a lot about other countries but my understanding is the fee is much lower, which may explain why you do see many buyer agents. Good comment. Thank you.
51.
by montgomster 3y ago
I am familiar with Home shake. I wish them well.
52.
by montgomster 3y ago
Brokers and agents both. From the customers perspective the agent is the company. Some companies forbid the agent from cutting their fee. Some agents are offended if you ask. It's the wild west out there. Very fragmented industry which
53.
by montgomster 3y ago
I see your point, but it is not universal. There are a number of reasons sellers choose FSBO. I have spoken with thousands of FSBO as an agent and as DearMonty on my website. Here are a few other reasons: 1. significant inside real estate k
54.
by montgomster 3y ago
We believe 100 customer at $1 is very generous. When the seller has a number of benefits besides saving significant money, when they see how well this works for others the $995 is peanuts when your saving $50k. Time will tell. Thanks for yo
55.
by montgomster 3y ago
You are correct the low price is the kickstart it. The first 100 customers are beta customers. It is one dollar. They will help us iterate, they will help us get the inventory started much faster. We are frugal and we think it is smarter to
56.
by montgomster 3y ago
PropBox would be very happy with buyers at 50 percent of the market. PropBox believes that there are good agents but there are way too many not so good agents. It is hard to distinguish what kind of agent you have until you start working wi
57.
by montgomster 3y ago
Your observation is right on. The industry believes they perform a valuable service. PopBox believes that technology has already changed the playing field. Real estate agents job description, work environment, and compensation will change.
58.
by montgomster 3y ago
Excellent question. PropBox is not a real estate company. It is a technically advanced media/advertising company that is specializing in advertising homes. The seller purchases an ad for a dedicated web page that benefits the seller an
59.
by montgomster 3y ago
Thank you for your thorough explanation on your experience. While I appreciate your sharing I come from a different perspective in that you were the customer and I was the service provider. I recently wrote a column that explains my role an
60.
by montgomster 3y ago
Yes, please check out the two posts above. We take every comment seriously. I am overwhelmed with the help the Hacker News community is providing us. We deeply appreciate it. Thank you.

More ›