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Tag Archives: redfin

Tag Archives: redfin

iBuyers, iSellers & A Product/Business Idea

by Drew Meyers on 8:30 am December 14, 2017

It’s no secret there is a consumer shift to faster transactions — on both the buy side and the sell side. Zillow Instant Offers (prior coverage here) and Redfin Now (prior coverage here) are both sell side initiatives I’m bullish on. FlyHomes is offering guaranteed closings on the buy side (see here). What’s the next iteration on the seller side? Here’s a product — or business — idea, which I alluded to in my “why haven’t you started a real estate startup” post a couple weeks ago. … Read More »

Will VOWs Go the Way of the Dark Ages?

by Drew Meyers on 9:40 am November 20, 2017

There’s a fantastic article on the topic of VOWs that Inman published last week. It’s written by David Kully, an antitrust partner for Holland & Knight LLP. Mr. Kully worked for 18 years at the Antitrust Division of the U.S. Department of Justice, where he played a central role on the DOJ’s litigation against the NAR. From the article… The DOJ’s litigation against NAR settled in 2008 only days before trial was scheduled to begin in federal court in Chicago. To settle the case, the DOJ and NAR negotiated a “consent … Read More »

Why I’m Bullish on Redfin

by Drew Meyers on 9:00 am October 23, 2017

I’ve written about Redfin before, most recently regarding their IPO and the IDX SEO issue. (disclosure: I own a small number of shares). I spent some time looking at their S-1, looking at their current product, and thinking through their future. They face a hard road strife with many competitors to fend off (with more to come) — but I’m bullish. Teams are certainly the future of real estate. Zillow knows that (see here), and Redfin knows that. Redfin happens to operate as the largest “team” in the country. In … Read More »

“Make IDX Great Again”? Redfin, SEO, and the Broker/Portal Battlefield

by Sam DeBord on 11:23 am September 29, 2017

There’s a proposal for NAR to change IDX policy to include a link back to a listing brokerage’s website within every IDX listing display. This has been suggested and supported by Redfin’s Glenn Kelman and WAV Group’s Victor Lund. References: Geekestate by Drew Meyers Notorious by Rob Hahn WAV Group by Victor Lund I’m a member of the advisory board that vets these kinds of proposals and potentially moves them on to the MLS Policy committee at NAR. So, while I won’t take a position on … Read More »

The Quest for IDX Policy Revision, and Redfin’s Advantage

by Drew Meyers on 9:30 am September 23, 2017

Earlier this week, I saw Victor Lund’s post about Glenn Kelmans’s call for IDX policy revisions requiring link backs to the broker. My first reaction was: this is a brilliant initiative/strategy. For Redfin. Not for the industry. I planned to write a blog post. Then, I realized Rob pretty much wrote everything I was going to say. Kelman — and Redfin — KNOW they can, and will, annihilate every other broker/franchise in the SEO department. They are already doing it. The suggested IDX change will … Read More »

Redfin’s IPO & Brokerages

by Drew Meyers on 8:16 pm July 10, 2017

Rob Hahn has some follow up thoughts on Redfin’s coming IPO as it relates to brokerages that I’d highly recommend reading (if you care about such things as the future of brokerages). A few of my own thoughts… 1. In Seattle, I’ve heard two primary things about Redfin: First, Rob mentions the one I’ve heard consistently – “Redfin’s got a nice website and app, and I send my clients there, but they always come back to me.” Second, Redfin struggles to keep good agent talent (because they can make … Read More »

Redfin’s IPO, and Now

by Drew Meyers on 7:34 pm June 30, 2017

After seemingly hearing the “when is Redfin going public?” question floating around industry conversations for years, it appears the answer is here. Now. In more ways than one. The real big news is not that they announced their IPO. It’s Now. As in Redfin Now, a competitor to Opendoor. I have to hand it to them. Redfin Now is smart move. They have a significant, significant advantage over Opendoor (and everyone else except Zillow’s Instant Offers). 20 million monthly visitors. Plus, they have an existing strong value proposition with … Read More »

Redfin’s AVM Misfire: 4 Characteristics of a Useful AVM

by Ben Kubic on 9:37 am December 7, 2015

I am a firm believer that someone will create a great AVM that will rapidly replace human input into the valuation process. As we’ve seen with advances like self-driving cars, computers are better at assessing risks, reacting to local conditions, and, in many cases, making judgement calls than humans are. That’s why I was so intrigued by Redfin’s recent AVM launch. To test it out, I looked up the Redfin estimate of my parent’s 2 bedroom suburban Maryland home. Their AVM estimates the home’s value at $573, 414. … Read More »

Redfin Launches Home Price Estimates of Their Own

by Drew Meyers on 1:40 pm December 3, 2015

On the heals of the recent news by Surefield, another Seattle-based brokerage you have probably heard about – Redfin – announced their own Automed Home Price Estimates today. You can type in an address here, and you’ll end up on a property page such as this. I can’t help but wonder whether this is the beginning of a run on brokerages and franchises releasing their own AVMs? Who’s up next?

Redfin & Book It Now for On-Demand Home Tours

by Drew Meyers on 11:39 am July 7, 2015

Redfin announced their On-Demand Home Tours today with a blog post by Glenn. Completely agree with the consumer win on this, and Redfin just might have enough agents in their network to solve the liquidity challenge. When I saw the announcement, I immediately thought of Curb Call (which has been written about). Perhaps Seth could chime in, and tell us what he’s learned working on this for the last couple years.

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