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by cmancini
2653 days ago
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There are some startups trying to fix these issues and price at flat fees to mixed effect (Trelora in Denver comes to mind as an example). I think the true solution will come not by lawsuit but by mass scale market-making by companies like OpenDoor and Zillow. When you want to sell your home you can go to these companies and get a check within a few days, and when you want to buy a home these will have built software and systems to make purchasing a straightforward process. They'll provide liquidity and take a cut, but with a couple of companies in the market the 'spread' will probably be lower than buyer+seller broker fees. They may not serve unique and luxury real estate in the near future, but for the 'typical' suburban home it seems like consumers could see a benefit. |
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