GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Thoughts on the residential real estate business getting uberized?

Pipecrew · 12-12-2016, 05:11 PM

We've all seen the success of uber and airbnb, essentially disrupting middlemen style businesses.

What is stopping one of these companies from coming in and disrupting the whole homebuying process with an App or concept that saves time and money?

Searching for houses is essentially all done online now, you really only need a real estate agent to get you access to the house, negotiate poorly on your behalf while really negotiating for their best interest and do some paperwork (which should be automated)

The breakdown of fees is 6% in most cases (3% to each sides realtor) and that really adds up. The MLS system is literally 1999 style dated which is showing a refusal to adapt.

I feel like it's an easy sell, because we live in a time where people do not want to interact anymore. If they can do everything from a computer, they will.

The advantages to the buyer and seller are also there via saving a lot of money and time.

I am visualizing it just like buying a domain online.

Thoughts?

12-12-2016, 05:11 PM
Pipecrew Master of Gfy.com Industry Role: Join Date: Feb 2002 Posts: 14,885	Thoughts on the residential real estate business getting uberized? We've all seen the success of uber and airbnb, essentially disrupting middlemen style businesses. What is stopping one of these companies from coming in and disrupting the whole homebuying process with an App or concept that saves time and money? Searching for houses is essentially all done online now, you really only need a real estate agent to get you access to the house, negotiate poorly on your behalf while really negotiating for their best interest and do some paperwork (which should be automated) The breakdown of fees is 6% in most cases (3% to each sides realtor) and that really adds up. The MLS system is literally 1999 style dated which is showing a refusal to adapt. I feel like it's an easy sell, because we live in a time where people do not want to interact anymore. If they can do everything from a computer, they will. The advantages to the buyer and seller are also there via saving a lot of money and time. I am visualizing it just like buying a domain online. Thoughts?