The real estate company Redfin is testing the ability for home buyers to bid on real estate through their company website The New York Times . It is part of the trend of the real estate industry to overturn the traditional market.
This program appears to be one of the features that the company debuted a decade ago: Redfin Direct promoted it as "the first online home purchase service" in 2006. Then there is an online shopping mall that facilitates the purchase of an online series of homes, but " Times says" Recently released in Boston, buyers can now submit bids at home. The seller accepting the offer will pay the company a 2% commission. The Times note is "about half the normal fare in the region." Redfin was purchased online during the month of May, with 120 people listed in five markets in the Boston market.
Redfin CEO Glenn Kelman told Times Times that the program would be extended to the rest of the country . "We will expand one market at a time," he added. He added that buyers felt they were searching for homes on the Internet through the same site as theirs and that it was time to offer home buying options online.
In Times the next day's report will show how Silicon Valley companies are trying to dig deeper into the real estate market. Sites such as Zillow and Trulia have long been offering real estate listings and are using data to provide more accurate house prices and data, and sometimes even more at home to provide more to customers.
Opendoor CEO Eric Wu says, "You should be able to sell your house with just a few clicks." OpenDoor and Zillow recently used their agents to buy their own house. The report also points out that traditional real estate agents such as Century 21 and Coldwell Banker plan to offer online options for buying homes.
However, according to the report, buying a house is a much more complex and expensive proposition than receiving or ordering innate services. "Even if you do not have a clear idea of how to make money in almost every home, homeowners can put the home market at risk." Despite Redfin's new program, the buying process is a complex process.