1,534,054
Redfin has never been a serious contender in Ventura or Los Angeles counties. Right now my MLS tells me they have ZERO listings. They've always been more of a buyer's agency than a listing agency anyways. And since you need to "list to last" and I'm more focused on listings, I don't fear Redfin.
Right now, per my MLS, Purplebricks has 20 listings over Ventura and Los Angeles counties and about half of them are active, the rest are under contract. Doesn't bother me at all.
Now Zillow, they're just a portal for now out here. If agents stopped feeding them listings and paying them for poor quality leads, they'd be out of business before the end of the year. They're far too spread out and have their hands in too many pies with the purchasing, rental management and lending sides. Not to mention the labor law class action suits from their California employees. With the market slowing some and a potential recession or worse on the horizon (especially if any of the left win the Presidency), I do not worry about zillow. I don't expect them to see 2030.
All in all, Indiana Jones has a bigger fear of snakes than I do of any of those companies as competition.
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Mel Ahrens, MBA, Kelly...
Hood River, OR
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Dan & Laurie Pittsenba...
Bellingham, WA
-
Jason E. Gordon
Coronado, CA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Candice A. Donofrio
Fort Mohave, AZ
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Anita Clark
Warner Robins, GA
1,095,940
Accuracy of data and inside market knowledge that cannot be determined by an algorithm. Knowing the right people to solve problems.
-
Debe Maxwell, CRS
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Jason E. Gordon
Coronado, CA
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Doug Dawes
Topsfield, MA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Mary Yonkers
Erie, PA
2,837,612
Learn how to rule in your own backyard....
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Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Brenda Mayette
Glenville, NY
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
8,113,999
Know your local market better than any of the giants.
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Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
5,277,568
I have not lost market share to these companies. Most of my business is repeat and referral and these buyers and sellers don't go to tech companies. They call me.
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Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Brenda Mayette
Glenville, NY
-
Doug Dawes
Topsfield, MA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Mary Yonkers
Erie, PA
534,467
Give better service. Personal service.
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Brenda Mayette
Glenville, NY
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
5,774,084
Jason,
Finding the unfair advantage each and everyone of us has in their arsenal. This is just an excuse about Z and company. The cream always rises to the top. A
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Doug Dawes
Topsfield, MA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
5,459,025
I don't believe it takes innovation, Jason. I believe it takes a caring, customer-service-centric agent who our clients know and trust, simply keeping in touch with them. We educate them on these eBuyer companies and they don't think of ever using the eBuyer product.
It's all up to us to educate our clients...and stay in touch with them.
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Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Mary Yonkers
Erie, PA
-
Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
2,504,662
As far as I'm concerned they are only taking market share from agents who are sitting at their desks waiting for potential clients to come to them Jason E. Gordon .
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Mary Yonkers
Erie, PA
-
Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
3,417,876
I am with Ryan Huggins - Thousand Oaks, CA
Adding to that I just don't give them any attention as I do not see them as "competition" - nothing to "fight back" just keeping my focus on helping people.
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Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,251,662
Always offer better service, the personal touch etc. The marketplace is always changing and we have to adapt to it. I don't see these companies making a big difference yet
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Mary Yonkers
Erie, PA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
1,231,853
Ditto, Candice A. Donofrio and Nina Hollander Be the LOCAL expert in your area.
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
683,196
Not sweating the competition. Just continue being known as the Go To Expert Realtor in my area. A good portion of my business is Referral!
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Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
6,651,722
I see them grabbing SEO share, but not market share, we have that wrapped up.
-
Bob Crane
Stevens Point, WI
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
1,259,458
With their rock bottom low fees and gave back generously, it is hard to beat them with fees. But I feel my service quality is better.
-
Sam Shueh
San Jose, CA
-
Mary Yonkers
Erie, PA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
2,228,728
Not an issue in my area.
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
719,777
I'm not sure there are called best practices or innovative methods, but thanks to them my business had actually grown and increased my market share. I refer them all prospects that I don't want. The ones that want a discount brokerages, too much on the sale price, and the undesirables.
I also make them bid and buy prospect houses, where in those cases they are way overpaying for those properties as they now sit on the market unsold. That turns over my selling prospects into much faster and instant buying clients. If it was not of them buying those properties at higher than market price that now they can't sell, I would not have those buyers.
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Debe Maxwell, CRS
Charlotte, NC
-
Inna Ivchenko
Encino, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
871,259
IMHO, the right human connection can never be replaced. BUT... this is a great question that should remind us all to not get too comfortable. ;0
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Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
5,450,493
Personalized service and superior local knowledge!
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Debe Maxwell, CRS
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Greg Large
Grove City, OH
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
5,170,314
Have to see what others recommend
-
Mary Yonkers
Erie, PA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
5,584,178
I don't think about them.... my eyes are straight forward and my only focus is how to make the phone ring as often as possible....
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Debe Maxwell, CRS
Charlotte, NC
469,575
Mostly don't help them - Zillow specifically - don't buy leads from them, don't pay to be a Premier Agent or pay them for anything else. The others are not a signficant factor in our market.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Mary Yonkers
Erie, PA
1,868,338
Z uses our data like a leach. Z does not have market share. Redfin is here but their kickback business model is not doing well.
-
Debe Maxwell, CRS
Charlotte, NC
-
Inna Ivchenko
Encino, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
672,461
No "best practices" or "innovative methods" needed. just point out their weaknesses and lack of experience if it comes up, which isn't often.
-
Debe Maxwell, CRS
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
919,313
Local market knowledge plus intelligent service in the form of appropriate advice should do the trick.
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
1,645,771
I do not ''fight'' back.
There is enough clients for everyone. Just do your job well and your happy clients will refer you and not an agent who pays Z and others thousands $ for promotions.
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Inna Ivchenko
Encino, CA
1,748,677
Better 'Hands-on Service' customized to our specific clients needs with an overabundance of patience
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
921,504
#1 Make agents aware that it is their association, broker and franchise that fuel the degradation of the real estate agent. If these players did not empower these technology companies with agent created data, we would be having a different conversation.
#2. Create a tangible asset that is of value to the consumer. SERVICE if not that value. Much like the "full service' promise, the delivery is less that stellar in the eyes of most consumers. If one were paying attention, the message of the companies is BETTER VALUE beginning wit Zdevils owners assertion that agents should be paid $2,500 per transaction.
#3. Use these platforms in a fashion not intended.
#4. Prepare for other agents to sing, "You can't do that!"
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Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
536,943
I don't let them worry me as of yet. Just staying busy helping buyers and sellers in our area.
-
Debe Maxwell, CRS
Charlotte, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
1,609,802
Fishing upstream and specializing in areas where tech fears to tread!
-
Jason E. Gordon
Coronado, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,135
I believe nothing can ever replace the power of being present. So much is artificial in our sphere, and when your not, that makes so much of a difference. The power and practice of being there, although old fashion, has become the cornerstone of my new business.
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Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,244,757
I keep them away from my credit cards
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
977,303
I am providing consumers choices though not in response to the new tech real estate companies. Many consumers don't see the value of the traditional real estate commission compensation model. It is low risk to the seller and buyer, but high risk to the agent/broker. The seller has no skin in the game and can walk with little monetary impact. Given the low risk, there must be a higher reward for the agent/broker, leading to consumer complaints about high costs. I provide alternative solutions to meet a consumer's specific real estate needs. And I get them to commit to skin in the game which lowers their costs. For example, my real estate consulting option has them pay me based on milestones achieved during the sales process. One of those milestones is signing the listing contract; they pay me a specific mount once they list. And they reduce their overall costs, maximizing their equity when doing so. Instead of having only two choices, FSBO or high-cost commission compensation, they can reduce their cost while getting all of the needed real estate services required.
-
Bob "RealMan" Timm
Minot, ND
5,980,163
Those sellers looking for a deal probably would not have called me in the first place. My clients refer me to their friends/colleagues/family.
651,827
Thanks for all of your comments Folks. In the event that any of you are curious why a Lender is posing this question, please allow me to elaborate...
- Unselfish Reason - some of my favorite human beings are Real Estate Agents. I don't want to see you lose market share to the point where your business is threatened with extinction (i.e. Travel Agents, etc)
- Selfish Reason - if we Lenders lose our Real Estate Agent comrades to these "Tech Companies" (who are armed with their own "in-house Lenders"), we can all be come extinct due to loss of significant market share. If there was ever a time for us all to unite and fight back, THIS IS THE TIME!
None of us can compete with the advertising budgets of a Zillow or Rocket Mortgage! We all must find ways to articulate the true value we bring to our Clients if we are going to survive & thrive amidst this modern day market.
I appreciate all of your comments and hope you found this thread useful for your businesses!
479,909