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Reengineering the Real Estate Agency   Message List  
Reply | Forward Message #429 of 442 |
RE: [ballistix] Re: Reengineering the Real Estate Agency

I think that the commercialisation breakthrough would need to centre
around reducing or removing the uncertainties for the vendor. This would
seem to be prime opportunity for TOC to be applied.

I think that the perception that REA's do nothing for their money, or
are in fact working for the buyer at the vendor's expense is tied to the
anxiety that the vendor feels about not knowing when their house will
sell and what price they will get.

Vendors may well be happy to pay something to have this uncertainty
removed. This is a commercial opportunity.

=|JRM: Mike, good insight! I guess the uncertainty equation has two axes:
wait-time and price. The service provider could reduce the uncertainty
associated with either or both. I suspect, however, that many (if not most)
vendors are more sensitive to wait-time than they are to price.|=



Tue Feb 19, 2008 5:48 am

MikeS@...
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Message #429 of 442 |
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A few years ago a client of ours was thinking of purchasing a real estate agency (he didn't). He asked me to detail some ideas about what we might do to this...
Justin Roff-Marsh
justinroffmarsh
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Feb 19, 2008
1:21 am

Justin From the perspective of someone who has dealt with Real Estate agents a lot, the reason we distrust them is that they are given 5-7% of the selling...
Bryan McNamara
bryanmcn2001
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Feb 19, 2008
3:11 am

I think that the commercialisation breakthrough would need to centre around reducing or removing the uncertainties for the vendor. This would seem to be prime...
Mike Smith
MikeS@...
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Feb 19, 2008
10:59 pm

This is an interesting discussion at a convenient moment, as I am about to sell my house using an REA. That in itself is not very interesting and certainly not...
mr_delete_nl
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Feb 21, 2008
1:09 am

Success is often found when goals are aligned. By this I mean aligning your goals to the REA's. I think you are correct in deducing that a fast sale is of more...
Mike Smith
MikeS@...
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Feb 21, 2008
1:42 am

If you review the article, the issue of the property not selling for a higher price and REA pushing for deal that may not be in the best interest of the...
mark woeppel
mwoeppel
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Feb 21, 2008
3:47 am

Somewhat of a combination of what I've read on this post... 1) Pay for an independant dollar value assessment of your house. 2) Do a little research on your...
Bryan McNamara
bryanmcn2001
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Feb 22, 2008
12:55 am
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