Re:Redfin Turns Profitable, Real Estate Industry Shudders
by silencio on Friday July 10, 2009 @06:03PM
(#698500)
I wish I could ignore him and deal with someone else but there's a whole culture of exclusivity that seems to exist around these things. Not to mention it's hard to find anyone better in the first place, since they all seem to be the same give or take very little. I'm willing to deal with him for the property in question though, it's just that good.
Redfin for commercial real estate would be complicated pricing and service-wise because of what you mention and more issues unique to commercial deals, but I think it could have as big of an impact as Redfin itself has had for residential homes.
And oh, loopnet+something like redfin? That would be amazing...
My experiences with commercial agents has been relegated to the broker that we have been using for over a 10 year period.
I agree though, a redfin type service will also evolve and take shape for commercial properties. However, from the commercial side of things, a lot more due diligence needs to be done (depending on the property type) as opposed to buying a home. And often times many 'good' commercial properties never make it to a listing service like loopnet etc.