Hey everyone! Some friends and I got fed up with everything going on in real estate (realtor lawsuits, inflated commission rates, outdated systems, etc.) and decided to use AI to build our own better real estate agent and avoid paying 6% of our life savings every time we move 🤮.
Everyone we talk to is very interested in it, so we will be putting it out to the public on a rolling basis starting in January. I’m not going to add a link because that’s not the point of this post.
This sub seems like the group of homeowners most forward thinking it terms of technology, so I wanted to: 1) give the opportunity to AMA about what we are building, and more importantly 2) ask what everyone’s biggest problems have been selling/buying a home recently. What are your biggest technology sticking points when it comes to transactions?
Real estate sales has been ripe for computerization/automation/price rationalization for many years. Many have tried to undercut the business model (Zillow, Trulia, fsbo.com, etc) and have failed, the cartel marches on. I think it’s due to MLS monopoly, peculiar hyper-local nature of market, and inertia.
In short, you might build a better mousetrap, but it won’t matter. It’s not a technical problem.