Redfin unveils plan to cut out buyers’ agents

Redfin announced Wednesday it has been quietly testing a pilot program in Boston, a revised version of its 2006 service Redfin Direct, that allows consumers to make direct offers on Redfin-listed homes through the company’s website. Continue reading

Too smart to fall for a real estate scam? Think again

Real estate and rental internet crimes affected 11,300 victims in 2018, according to the new report, and cost them nearly $150 million, up dramatically from 2017, when 9,645 victims were impacted by these types of crimes, and lost a collective $56 mill… Continue reading

Property tech firm PayLease buys smart apartment startup Zego

With the acquisition, Zego’s platform will be integrated into PayLease’s payments, resident billing and utility management platform. Continue reading

Spanish language clients? This new free glossary should help

The free, 94-page e-book includes includes English-Spanish and Español-Inglés translations for common terms such as appraisal report (informe de tasación), buyer’s agent (agente del comprador), and closing costs (costos de cierre). In addition to techn… Continue reading

Realtor.com and Opcity test cash rewards for buyers

The specific dollar amount that a consumer receives is based on a sliding scale. If the property is worth $150,000, the consumer will get back roughly $400, but on a $4 million property, the consumer gets back around $12,000 according to Johnson. Continue reading

The sacred pact of cooperation between brokers is unraveling

In the end, broker cooperation becomes less and less important. The listing business, as we know it, will be much smaller. Buyers will compete with institutions and agents will deliver on demand service or risk being left out. Continue reading

3D imaging companies say Zillow’s app is not true 3D

Inman has interacted with imagery from all of these providers, and the three dimensional spaces created by Matterport and GeoCV do have more features and are more immersive than those produced by Zillow’s 3D Home. Continue reading

Zillow Offers opens Southwest hub, plans to add 160 new jobs

Zillow’s cut the ribbon Wednesday on a new southwest hub that will serve as the operations center for its year-old Zillow Offers platform. Continue reading

Redfin finds most affordable cities are also the least disaster-prone

A new study from Redfin maps how disaster-prone certain metros are, while also factoring the cost of buying a home in that city. Continue reading