Comments on: Introducing First-to-Know http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html Redfin Corporate Blog Sun, 22 Nov 2009 20:09:04 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Eugene Foreclosures http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-2718 Eugene Foreclosures Tue, 26 Feb 2008 02:06:29 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-2718 Its getting pretty hard to do anything with out someone stepping on your feet. Its getting pretty hard to do anything with out someone stepping on your feet.

]]> By: theFrontSteps http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-1390 theFrontSteps Fri, 17 Aug 2007 06:01:05 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-1390 Okay...I'm back. Got lost over there on Springwise, and touching up on my Finnish. I've sold many a pocket listing and known many a buyer who bought others, but I'm in the biz. I'm assuming Redfin will handle the transaction? The thing you seem to be forgetting is that the model you appear to be throwing up here is going to be full of the Zillow "make me move" type people that aren't really serious. You might be spinning your wheels, but you'll never know unless you try. One thing that helps facilitate the sale of pocket listings is traders...and in this industry those traders are Realtors. But it can be done. I've had readers of my sfnewsletter use my comps to sell their condos themselves to friends. It doesn't bother me, because I have tons of business, but it can happen, it's just rare...for now. Either way, I'm moving to Finnland. Special shout out to Pat Kitano! alex Okay…I’m back. Got lost over there on Springwise, and touching up on my Finnish.
I’ve sold many a pocket listing and known many a buyer who bought others, but I’m in the biz. I’m assuming Redfin will handle the transaction?
The thing you seem to be forgetting is that the model you appear to be throwing up here is going to be full of the Zillow “make me move” type people that aren’t really serious. You might be spinning your wheels, but you’ll never know unless you try. One thing that helps facilitate the sale of pocket listings is traders…and in this industry those traders are Realtors. But it can be done. I’ve had readers of my sfnewsletter use my comps to sell their condos themselves to friends. It doesn’t bother me, because I have tons of business, but it can happen, it’s just rare…for now. Either way, I’m moving to Finnland. Special shout out to Pat Kitano!

alex

]]> By: Dana http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-233 Dana Thu, 14 Jun 2007 15:01:29 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-233 This is the most ridiculous thing ever! I would let ever buyer I know to stay away from these sorts of listings. The seller may sell and they may not? Seems a big waste of time if you are truly a serious buyer. This is the most ridiculous thing ever! I would let ever buyer I know to stay away from these sorts of listings. The seller may sell and they may not? Seems a big waste of time if you are truly a serious buyer.

]]> By: Dana http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-232 Dana Thu, 14 Jun 2007 15:01:16 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-232 This is the most ridiculous thing ever! I would let ever buyer I know to stay away from these sorts of listings. The seller may sell and they may not? Seems a big waste of time if you are truly a serious buyer. This is the most ridiculous thing ever! I would let ever buyer I know to stay away from these sorts of listings. The seller may sell and they may not? Seems a big waste of time if you are truly a serious buyer.

]]> By: Persh http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-231 Persh Wed, 30 Aug 2006 05:06:22 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-231 It's a convenient notion to allow "pocket listings" to be made public when the overhead of Redfin as a conventional brokerage is so low for its given geography and particular demographic. To extend this idea-- if there were a "pocket listing" MLS why would any reasonable seller wish to use "Redfin Direct" when they could not only use their own judgments as to the buyer, but also to the terms? (i.e, "let's just use the FTK - its free, gets lots of buyers to call us") I suspect that Redfin is poised to leverage their internet popularity (read: buyer traffic) to make some buyer-side commissions. After all, where would the dumpy house in Skyway get all the attention it needs? Seriously, Redfin is dabling in many sides of the marketplace by positioning itself as a harbinger of change via "experimentation" - a smart move for a company that is still riding the wave of no-viable-competitor. Redfin is smart enough to make itself anything that the market desires. It’s a convenient notion to allow “pocket listings” to be made public when the overhead of Redfin as a conventional brokerage is so low for its given geography and particular demographic. To extend this idea– if there were a “pocket listing” MLS why would any reasonable seller wish to use “Redfin Direct” when they could not only use their own judgments as to the buyer, but also to the terms? (i.e, “let’s just use the FTK – its free, gets lots of buyers to call us”) I suspect that Redfin is poised to leverage their internet popularity (read: buyer traffic) to make some buyer-side commissions. After all, where would the dumpy house in Skyway get all the attention it needs? Seriously, Redfin is dabling in many sides of the marketplace by positioning itself as a harbinger of change via “experimentation” – a smart move for a company that is still riding the wave of no-viable-competitor. Redfin is smart enough to make itself anything that the market desires.

]]> By: howard http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-230 howard Thu, 17 Aug 2006 16:32:32 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-230 I agree with the three things about individuals on net, but Eugene missed the most important one: Internet lets people to get. I agree with the three things about individuals on net, but Eugene missed the most important one: Internet lets people to get.

]]> By: Pat Kitano http://blog.redfin.com/blog/2006/08/introducing_first-to-know.html/comment-page-1#comment-229 Pat Kitano Thu, 17 Aug 2006 05:58:37 +0000 http://devblog.redfin.com/blog/2006/08/introducing_first-to-know.html#comment-229 Glenn, You've described the solution to an age-old question posed by home sellers who are not necesarily FSBO - "Why isn't there a pocket listing MLS system?" In fact, I tried a pocket listing when we sold our San Francisco home last year during the seller's market and opted for a realtor listing agreement when I realized that would bring more buyer competition. Market testing without obligation gave us the reflection time to figure out our sales strategy and that's why an institutionalized pocket listing system makes sense. Even googling "pocket listing MLS" yields nothing relevant... so Go for it and keep me posted! Glenn,

You’ve described the solution to an age-old question posed by home sellers who are not necesarily FSBO – “Why isn’t there a pocket listing MLS system?”

In fact, I tried a pocket listing when we sold our San Francisco home last year during the seller’s market and opted for a realtor listing agreement when I realized that would bring more buyer competition. Market testing without obligation gave us the reflection time to figure out our sales strategy and that’s why an institutionalized pocket listing system makes sense.

Even googling “pocket listing MLS” yields nothing relevant… so

Go for it and keep me posted!

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