Quote of the Day
Filed Under: Industry
Glenn Kelman, responding to a a comment thread on a post by John Cook to allegations that they are just a discount real estate brokerage with a web site and a call center.
Regarding the comment that Redfin isn’t a technology company: is Amazon just a discount bookstore with a website and a warehouse?
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12 Comment(s)
2 Trackback(s)
- From Oh, good grief! He went to JARED… | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments | Oct 2, 2007
- From Costa Rica Real Estate Investment | Mar 13, 2008
linda | Oct 2, 2007 | Reply
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Incredible Agent | Oct 2, 2007 | Reply
Is Amazon profitable by just selling discount books? I’m not too sure Amazon is a good analogy unless Glenn plans on selling more than just discount houses on Redfin.com.
Michael Daly | Oct 2, 2007 | Reply
Comparing Redfin with Amazon is a little bit more of a reach than I’m willing to go along with at the moment. Sure, Foxtons wasn’t well managed, but…
Andrew | Oct 2, 2007 | Reply
Not a good comparison by any means.
Hojin | Oct 2, 2007 | Reply
I agree with everyone about the bad analogy. I wish buying and selling homes were that easy.
Dave Marron | Oct 3, 2007 | Reply
Glenn provides some very valuable advice on running a start up if you actually read the entire post. If you focus on the one Amazon analogy, then you’ve completely missed the point. Here is the original post http://blog.guykawasaki.com/2007/10/financial-model.html
derherold | Oct 3, 2007 | Reply
I´m looking from germany on the discussion concerning *Redfin* and *discount brokerage*.
Inmho the 6%-commission-model is dead: reduce it to 3-4% or you will loose 50% of the consumers to *redfin* or FSBO.
The us-agents had two strengths: a `market in heat´ and MLS. MLS will fall and the 6% too. God save the buyers agent before he chooses the fate of the archaic dinos.
Obeoman | Oct 3, 2007 | Reply
…this is the Redfish calling the kettle black…and a fine kettle of fish it is…I mean…who buys discounted fish?…oh forget it…
Obeoman
steven.stearns@obeo.com
Hawaii Life | Oct 3, 2007 | Reply
Who cares about the comparison. I think the main point is whether Redfin is a technology company or a discount brokerage. I think they are both.
galen | Oct 4, 2007 | Reply
I wasn’t aware that Amazon sent people out to help consumers with the final determination of whether the book is good or not (the inspection). In fact, I don’t think they have booksellers in every locale.
I’d say that Iggy’s house is the true technology company - as I understand it, they provide all of their service remotely.
galen | Oct 4, 2007 | Reply
Oh! That should have said “all their service (or their entire lack of service) remotely.” Zing!
Agent Scoreboard | Oct 5, 2007 | Reply
hmm… so I’m having technology company sell my house? not a brokerage?