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A Christmas Lump of Coal for Redfin investors

By
Education & Training with Harrington Homes Realty Inc

Last June Redfin received $500M of investors money and the latest November 2016 reports praise Redfin for it's listing and agent innovations and how Redfin, like Trulia and Zillow, is also running at a loss.

Excuse me, but $500 MILLION? ..and you guys are LOSING MONEY?

How is this possible?

Perhaps it is becuase none of you geniuses really understand Real Estate.
You think?

Well here is a reality check investors, of why your 500 Mill is being flushed down the drain.

 

Michael Layton
PSagent.com - Palm Springs, CA
Experience and Trust

Where Redfin and Zillow and all those companies lose it is in the local touch.  I have cleints that for one reason or another use their sites to look for properties. Then they email me and I show them the properties,write the offer and close the deal.  They can give the client all that information but in the end the client is looking for someone they know in the area to show them the home. 

Dec 22, 2016 10:26 AM