Originally Posted By: Nate1979
Originally Posted By: hatt
Originally Posted By: Nate1979
Just the guy telling you that your industry will be replaced by robots (apps, data, online websites, etc).
So you're saying that tech that is over
50% errors, omissions, and outdated information that depends on real estate brokerages for the good information it does have is going to replace real estate brokerages? OK. Don't see it.
I think you are living in a dream world if you think that information can not be solved by tech. The common stated argument by the real estate industry is that the industry is too complicated for an algorithm to solve. But with enough data input someone like Google could certainly solve this - it's by far more simple than other areas they work on.
In today's day of technology agents are far less valuable and yet they still ask for the 6% (oh sure, you can negotiate, but how far down, how about 1% total commission?).
Here is a good article why the real estate agent is becoming obsolete:
http://www.forbes.com/sites/brucekasanoff/2014/04/04/real-estate-brokers-obsolete/#7dc52e3431c9
Who's going to input the data and make sure it's correct and current? Who's going to let the buyer and seller know if the property will pass an inspection to get a .gov backed loan?
Dude, people in the RE biz have no worries about becoming obsolete. Just today I had a young couple bring me a list of 10 or so houses they found on Zillow they were interested in. Only two were actually active and something they could get financed through FHA. One was listed on Zillow as active sold in DECEMBER 2015. It took me 10 minutes to figure this all out. It would have been many hours of nonsense for them and the sellers to figure out.
Your solution is simple. Stay clear of agents. It sounds to me like you really like the service that RE pros provide, you're just want it for nothing. Not happening. The housing biz is too complex. Car dealerships will be gone long before RE agents.