Tag: real estate industry

$75 MM Investment In REX Homes Makes No Sense

$75 MM Investment In REX Homes Makes No Sense
A few weeks ago REX Homes, another real estate startup with a unique business model, raised an additional $45 MM in a third round of financing, bringing their total to $75 MM since they were founded in 2015. God knows the real estate industry is in sore need of new business models. Home buyers and... Read more »

Pocket Listings: Walking A Fine Line With Selling Outside The MLS

Pocket Listings: Walking A Fine Line With Selling Outside The MLS
As long time readers of this blog well know I am no fan of pocket listings, which many realtors promote as a sexy insider buying opportunity. I don’t buy into any of the nonsensical arguments for pocket listings and I have frequently enumerated the problems with them. So we were recently faced with a challenge... Read more »

Real Estate Negotiation Myths And Reality - When Selling A Home

Real Estate Negotiation Myths And Reality - When Selling A Home
It turns out that you can understand a lot about what happens in the real estate industry by just trying to answer one simple question: Why are real estate commissions so high? And the mythology around the real estate negotiation process is a perfect example because one of realtors’ chief value propositions is that with... Read more »
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Why Real Estate Commissions Are So High: Paying For Wasted Time

Why Real Estate Commissions Are So High: Paying For Wasted Time
I’ve decided that I’ll never be able to write the comprehensive post on all the reasons why real estate commissions are so high, though I have covered some of them previously in posts such as this one: Why Do Real Estate Agents Make So Much Money? There are just too many reasons to cover in... Read more »

Myths And Lies: Why Do Real Estate Agents Make So Much Money?

Myths And Lies: Why Do Real Estate Agents Make So Much Money?
It’s a great question and one that I asked many years ago, which prompted me to get into the real estate business in the first place: Why do real estate agents make so much money? And the answer is so complicated that I can’t do it justice in just one blog post. So I’ll simply... Read more »

Realtors A Gift From God? Seriously?

Realtors A Gift From God? Seriously?
Oh. My. God. My business partner sent me a link to this video the other day and thought I could have some fun with it. It appears to be a takeoff on a famous speech that Paul Harvey gave at a Future Farmers Of America convention in 1978: So God Made A Farmer,¬†which was the... Read more »
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