The Plan to Save Real Estate with BuyerHunt.com

Thanks for spreading the news!  I'm really looking forward to this app & site and removing my listings from the other portals!

I love this, Thomas - keep up the good work!

As I mentioned, my team was impressed as we deal with this every day - calls from buyers who did a search ZTorR and have been inundated with other agents phoning them. I feel so sorry for the ones who don't have agents, who are searching for information and are offered erroneous information.

You couldn't be more right with your comment, "Do we need to save real estate? Not really, but we do need to recover the ownership of our listings and the buyer leads they generate."

Good morning Thomas,

The site would probably be a Godsend, except for the greedy ones and the fact that many do not update their listings.

Make yourself an astonishing day.

Now this is exciting and I am quite intriqued. 

How do you overcome the objection sellers net more if exposed to a larger market, particularly in a fast moving, sellers' market where properties sell almost immediately?  And, if homes are sold off MLS, so to speak, how is the offer of compensation handled?  PS  Will listen to the podcast in a few moments.

Dear Thomas,

Not a bad idea, although the name is a bit unfortunate. The general public may get a weird image in their head or worse, not associate it with real estate.

Unfortunately, there are many real estate brokers and agents who haven't a clue about optimizing their business or comprehending the value of their assets.

The listing agents own the listing but because they post their listing on the MLS, they abdicate their ownership and thus lose control over their listing. So, now comes along companies like Zillow who SELLS the MLS to add their listings to the Zillow website with or without any compensation because I don't know.

However, had the MLS rented the listing to Zillow for a fee, paid daily, they could have compensated the broker and agent for their proprietary property which could have been used to reduce the cost of the transaction or provided funding for additional marketing costs, like staging or repairs.  

Perhaps as our industry evolves, brokers and agents will discover the value of their assets and monetize it, optimize it and utilize it to its maximum value. That's just my perspective, however, if I'm wrong, I'd appreciate your response. 

Interesting concept.  Great job with the commercial.

Love the idea!  In my area to get 10% of Zillow share it has gone to over $1,000.  Sickening!  But there are people fighting to buy these spots

There are numerous threats to real estate in the works.

Your concept is one that may help.

I will be interested to hear how it is working.

Wow, how did I miss your post, Thomas? Sounds intriguing - will have to listen to the podcast!

Jeff

I'd have to know more details but my initial response is why not give every potential buyer equal access to new listings at the same time?

How do you get buyers to find this new app? How do you get listing agents to upload a listing within 60 minutes of a listing agreement? Massive, massive chicken and egg challenge to the value proposition on both sides.

I gave an hour talk to a room of "pre-licensing" students taking a California "principles" class. They asked what they could be doing now that would help their business in the future. Since they are all unlicensed I told them they could do any manner of things. Start following and reading our stories here on "AR" but I also told them to start compiling their data-base. I asked how many came from the area and 80% raised their hands. I told them they all went through school here in the County, grew up, family, friends, etc. Let EVERYONE know you become licensed as SOON as it happens. If they know what company they will be going with then starting planning notes, cards, stationary, postcards on a massive scale. Then always remember, "You list to last!" in our business. 

In platforms like, Zillow, Realtor.com Redfin, Homesnap and now this app buyerhunter.com ,there is absolutely nothing personal to the agent about these platforms that gives the consumer a feel for local knowledge and expertise.The ability to build relationship with an agent over time is where the real estate industry is going.It makes the process upside down and makes the agent more important to the buying & selling process, than just having 3 million listings on a portal.