Redfin and Real Estate


I've always thought Real Estate agents are more of a hindrance than a help, and wondered why on earth we need them? There's plenty of problems with the whole 'I'll sell your house for you, charge you, but maybe not work in your best interest if it suits me to just sell it to someone so I can get my commission' business model.
After all, it is easy to find properties on the web, and the legal transactions required should be little more than a tick the box with your conveyancer. So, why the $,000s in fees?
Redfin has the right approach. They are not new, but they are keen on taking out the unnecessary evil that is the real estate agent.
As usual they are up and running the US, but it'll years (decades?) before we have anything remotely like it down under…

(via TechCrunch)

Technorati Tags: Real estate

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By Craig