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Costco Is Entering the Real Estate Market

By
Real Estate Agent with Hart Real Estate Solutions RRE-BRO-LIC-24638

Bulk quantities of food, electronics, furniture, you name it and Costco is the place to buy it. Now, after a year of testing to see the viability, the Costco we know and love will be implementing a full-service mortgage lending program on its website in partnership with 11 well know lenders. Over 10,000 mortgages have been issued under the program already. They are hoping that number will swell as word gets out.

What is your reaction to Costco’s bold move? Comment and Share

Source: http://money.cnn.com/2012/04/26/real_estate/costco-mortgages/index.htm

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Hmmm...well, the whole point of the post-internet world is that the consumers are in control.   So, why not Costco?

May 03, 2012 06:38 AM
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Interesting - I'll be curious to see how it works out....

May 03, 2012 06:39 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I knew that they had been selling automobiles but I really don't like the idea of real estate. What it will end up being is a referral network using brokers that have to pay heavy referral fees to Costco. Ugh!

May 03, 2012 07:03 AM
Hart Real Estate Solutions
Hart Real Estate Solutions - Bozeman, MT
Broker/Owner

All good points - thanks Li, Carol and Debbie!   Tim

May 03, 2012 09:43 AM