Redfin Looks to Bring Online Shopping to the Real Estate Market

Real estate brokerage Redfin piloted a program in Boston that allowed unrepresented homeowners to sell homes through their website; sellers would accept a 2 percent commission instead of the customary 4 percent; they now plan to make this program available nationwide one market at a time; the buy now button idea is not new for the company, they originally tried the idea back in 2006 but it went nowhere; real estate is still a slow process with multiple parties and reams of paper, though changes are beginning to make it more efficient. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments