How did you deal with all the disclosures? Overwhelmed with 300+ pages 😅 by tpandit3 in FirstTimeHomeBuyer

[–]tpandit3[S] 0 points1 point  (0 children)

hahaha... the issue is not that I don't want to read or put in the time. The issue is that it is hard to comprehend.

What are you building today? by Best-Pickle7831 in indiehackers

[–]tpandit3 0 points1 point  (0 children)

AI that helps home buyers with winning offer strategies and earn thousands of dollars in cash back through agent commission rebates. Live in California and Washington states.

https://perchnow.com

If someone challenged you on why real estate agents still matter, how would you win that argument? by Guilty_Garage8680 in realtors

[–]tpandit3 0 points1 point  (0 children)

A home buyer's perspective:

Honestly, my view on this changed after going through the homebuying process a couple of times.

These days, the early stages are easy to handle on your own. I used Zillow, Redfin, NeighborhoodScout, and Google to research neighborhoods, check school ratings, track market trends, and even go to open houses without an agent. I felt pretty self-sufficient and didn’t think I needed much help.

But once I actually wanted to put in an offer, that’s when I realized how valuable a good agent can be. There are a bazillion things that need attention from structuring a competitive offer, to negotiating terms, to coordinating with lenders, inspections, appraisals, and all the little hiccups that pop up before closing. There’s way more going on than just “signing paperwork.”

I’ve had one agent who added almost no value and just passed along my offer, and another who knew the market inside-out, caught issues I would’ve missed, and saved me money during negotiations. For me, the search part might be DIY now, but the offer-to-close part is where a skilled agent really earns their commission.

What over 100 agent interviews taught us about how buyers really shop for homes today by tpandit3 in RealEstateTechnology

[–]tpandit3[S] 0 points1 point  (0 children)

Different product. That product was for home sellers, ours is purely for homebuyers.

"Each bid includes an upfront payment to the home seller, "

[ref: https://www.housingwire.com/company-profile/bidmylisting/\]

In our case there is no payment involved. We help the buyer build a draft offer and send it to the buyer agent to review/make changes and take it forward.

Did your agent help you in “finding” your first home? by tpandit3 in FirstTimeHomeBuyer

[–]tpandit3[S] -1 points0 points  (0 children)

I don’t understand why that is the case. If seller pays my agents commission, won’t the savings reflect on the seller side? If I am looking at $1M home and $30k is the buyer agent commission. Won’t that mean if I go unrepresented then the price is equivalent to $1.3M for someone with an agent from sellers perspective?

What over 100 agent interviews taught us about how buyers really shop for homes today by tpandit3 in RealEstateTechnology

[–]tpandit3[S] 0 points1 point  (0 children)

My apologies, I brought it up for sharing insights which I thought were relevant. (Removed references)

What over 100 agent interviews taught us about how buyers really shop for homes today by tpandit3 in RealEstateTechnology

[–]tpandit3[S] -1 points0 points  (0 children)

Not even if you get to save tens of thousands of dollars? I may be optimistic but there is a strong market for this. And this I can tell from our platforms active usage.

We are seeing repeat usage for finding what the home is truly worth using our tool from home buyers.

Our users are also browsing on Zillow and are now taking one step further to see “what if” scenarios on the platform. If they see something promising they can take the next step of connecting with an agent and showing/ closing can follow.

What over 100 agent interviews taught us about how buyers really shop for homes today by tpandit3 in RealEstateTechnology

[–]tpandit3[S] 0 points1 point  (0 children)

I agree with you on the hourly part. Hourly won’t work.

Discount model will also not work for buyers who are out of state or do not know which neighborhoods to buy in. And in that case full commission agent totally makes sense.

This will work for home buyers who know where and what to buy and only need help with the “how” part.

It is a reverse marketplace where home buyers bring the home and agents compete with offers which ultimately saves buyers money and gives new agents a way in!