Redfin, the Paper Tiger Vandalay Industries of Real Estate
How about some bookmark love? ::
With Redfin Entering the Orange County Market, I thought that I'd enlighten them to the discussion that has been running for some time, just to bring my readers up to speed.
Remember George from Seinfeld?
Remember his mythical company, "Vandalay Industries" he claimed to have a real huge thing going in imports and exports. His claims proved to be grandstanding. After I read the Redfin blog that covers this market area, I had the same reaction. I have never seen or met a Redfin agent. I have never heard of Redfin selling anything. Much like Jerry and the gang knew that George never actually imported anything.
Enter Redfin, we all remember their expose on 60 minutes? Who could forget, they took almost every opportunity to bash regular real estate agents who handle at least 70%-80% of the business in this area. The idea that the Wisconsin housing market will somehow effect California held my attention like super polydent holds a 60 minutes viewer's teeth in place. Let's not forget that to many Redfin is the hero that solves all the problems addressed in Freakanomics.
Unfortunately Redfin is spread too thin. In addition Redfin is 100% dependent on the very problems in the real estate broker model which they criticize. That is where Redfin falls short on behalf of the consumer and Redfin leaves the consumer to eat the donut from the trash can.
Of course I don't mean to in any way involve the obviously legit Vandalay Industries
in Canada.
Please don't take my observations as gospel on this issue, here are a series of posts by Greg Swann that provide an in-depth analysis of how Redfin is not all it is cracked up to be:
Defending Redfin
What 60 Minutes forgot to tell you.
By far the most revealing and insightful post about what every consumer needs to know about Redfin
Besides Glenn and Bloodhound Blog See also:
Nightmare on kELMan's Street
Inman TV interview with Glen Kelman with 1:34 to go in the video, Glenn reveals the most absurd secret behind Redfin's business model. i.e. He wants people to be able to buy real estate without "having to drive there". Seriously, pictures are good enough.
Welcome to Orange County Redfin.
Remember George from Seinfeld?
Remember his mythical company, "Vandalay Industries" he claimed to have a real huge thing going in imports and exports. His claims proved to be grandstanding. After I read the Redfin blog that covers this market area, I had the same reaction. I have never seen or met a Redfin agent. I have never heard of Redfin selling anything. Much like Jerry and the gang knew that George never actually imported anything.
Enter Redfin, we all remember their expose on 60 minutes? Who could forget, they took almost every opportunity to bash regular real estate agents who handle at least 70%-80% of the business in this area. The idea that the Wisconsin housing market will somehow effect California held my attention like super polydent holds a 60 minutes viewer's teeth in place. Let's not forget that to many Redfin is the hero that solves all the problems addressed in Freakanomics.
Unfortunately Redfin is spread too thin. In addition Redfin is 100% dependent on the very problems in the real estate broker model which they criticize. That is where Redfin falls short on behalf of the consumer and Redfin leaves the consumer to eat the donut from the trash can.
Of course I don't mean to in any way involve the obviously legit Vandalay Industries
in Canada.
Please don't take my observations as gospel on this issue, here are a series of posts by Greg Swann that provide an in-depth analysis of how Redfin is not all it is cracked up to be:
Defending Redfin
What 60 Minutes forgot to tell you.
By far the most revealing and insightful post about what every consumer needs to know about Redfin
Besides Glenn and Bloodhound Blog See also:
Nightmare on kELMan's Street
Inman TV interview with Glen Kelman with 1:34 to go in the video, Glenn reveals the most absurd secret behind Redfin's business model. i.e. He wants people to be able to buy real estate without "having to drive there". Seriously, pictures are good enough.
Welcome to Orange County Redfin.
Tags:
Oh man, that picture brings back some good memories.
Posted by
Albuquerque realtor |
9:38 PM