No apologies for the topic. As many problems as exist in the real estate industry — many more than the practiced elites would like to acknowledge, many fewer than the bubbleheads need to satisfy their tantrums — Redfin has made itself a prominent example of how not to improve things. A few days ago in […]
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And for the record, Redfin, the title was a quote taken from one of your Southern California Forum posters, and it was directed at me, or rather my ilk. I started writing this with every intention of giving you the publicity you asked for, the “don’t promote yourself, let others do it, and it will […]
Beau Betts in Seattle writing about the 60 Minutes commercial for Redfin.com: 60 Minutes also interviewed Deborah Arends from Re/Max and represented her as having the “old school” real estate mentality and didn’t really portray her in the most positive light. Well, I just started laughing when I was browsing the mls just now looking […]
Of course Greg scooped me. If you believe his 11:53 PM time stamp, he was analyzing and typing away while I was dreaming up another real estate vignette. At least now I know to check the blog first. Bloodhound has all but replaced my feed reader. In any event, a routine 6:00 am review of […]
The indefatigable John Cook: Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. Next on the agenda are […]
Greg Swann has joined Glen Kelman in the way they both think and talk about the amount of commission, the splits and how it can be divided and allocated. There isn’t some “set commission amount” for groups and companies to “divide for the public”. This kind of thinking is one of the primary flaws with […]
From John Cook’s Venture Blog: “Sweet Digs” is back — kind of. The Redfin real estate blog, which was shut down last month after agents complained to the Northwest Multiple Listing Service that the home reviews were hurting sales, is making its return today in a modified state. No longer will Redfin bloggers post in-depth […]
You just can’t make this stuff up. Redfin’s Glenn Kelman: At lunch with Cynthia and a local real estate baron, we heard about a new tactic for getting a deal on a property. Rather than offering a lower price, ask the seller to handle closing costs, which can run up to $10,000 or more. How […]
I’ve been BADD. Again. But I’m trainable. Sometimes I write in stream-of-consciousness fashion, and sometimes it just takes more than a couple of sentences to develop an argument or idea. This style of communicating, I now know, is deplorable execrable lamentable just plain WRONG. So, this morning, I will develop my new skills as I […]
There was a delightfully obtuse article in yesterday’s Oregonian lamenting the abysmal ratings of Katy Couric and CBS Evening News. The writer’s reasoning was that it’s our fault for not watching, that we’re a country of misogynists not ready for a serious female anchor. Damn us. The fact is that, like most markets, the ratings […]
The Tennessee State Legislature is trying to outlaw real estate commission rebates — guess at whose behest? Little Pink Houses has the dirt. Jonathan Dalton has the dudgeon. Technorati Tags: disintermediation, real estate, real estate marketing, Redfin.com
I don’t like Redfin.com. Its “business” model consists of quietly diverting its agency responsibilities to listing agents while loudly rebating its largely unearned commissions to buyers. My experience of the president of the company, Glenn Kelman, is that he is an oily liar who will say anything to draw the fawning attentions of a gullible […]
Eminently worth waiting for: I’d love to be a fly on the wall at those meetings with the investors and venture capitalists. Pie charts, graphs, facts, figures. Lots of talk about disintermediation and volume of scale and that sort of thing. When Redfin fails, they won’t blame themselves, the business model, lack of planning, poor […]
Who says the old media is dead? In the hour just ended, Redfin.com’s Real Estate Consumer’s Bill of Rights: A wolf in sheepskin clothing had over 400 hits from organic search. Just think what might happen if the NAR made reasoned arguments instead of trying to club reality into shape with legislation… (This search is […]
What do you do when faced with windfall earnings? Reinvest in your business, of course. Thanks to Cynthia Pang, Redfin’s Senior Communications Manager, for the links to the latest, exciting news. This has been a big week for Redfin! Not only did they roll out a new logo and invade Beantown, but (assuming they have […]