🎙️ Discover how AI is reshaping real estate! Tune into our latest podcast with
@amandaorson
of Galleon, who explores how her platform enables transactions without agents. Agents, it's time to up your game! 🚀
#RealEstateTech
#AIRealEstate
I know 4 people personally in Austin that bought homes because they wanted to make money on Airbnb.
They're all trying to sell now as negative cash flow and property tax increases eat them alive.
Prediction:
All the free consumer education about how expensive it is to buy and sell a home under the traditional, century-old model inspires more people to explore and discover how easy it is to do it themselves and save $25,000+.
Prediction about real estate commissions in light of NAR settlement (just for fun, wild speculation)
Sellers agent commissions go up to 4%
Buyers agents just get the scraps, maybe a flat fee of $5-10k per transaction.
Overall commissions paid barely move, only slightly down.…
Our plan:
1️⃣ Make it as easy & fast as possible to list.
2️⃣ Stay maniacally focused on improving the home seller & buyer experience.
3️⃣ Unlock net new, non-MLS inventory to solve this 👇
Can’t find a house to buy? You can blame older Americans who don’t want to sell, per Bloomberg.
Nearly 40% of Baby Boomers have lived in the home they currently own for at least 20 years, while another 16% have been in their properties for 10 to 19 years, per Redfin.
We're still very early (~7 weeks in?) but added about 100 listings last week.
That won't solve the inventory problem overnight, but
- making it fast (< 2 minutes)
- easy (we populate your sq ft, home age, automatically)
- low friction (no contract)
to list sure seems to help!
Real Estate crash isn’t coming (sorry crash bros)
Here’s why…
New Listings Data
This week in 2009
269,861
This week in 2024
49,559
We have 5x LESS homes for sale now compared to 2009.
And oh by the way, we have 30,000,000 more people living in the US now compared to…
Thank you all for the suggestions and feedback!
We've already addressed several bug fixes and added one feature request to our product roadmap.
If there's anything you would improve @ Galleon - we welcome feedback, good and bad, via @, DM (open) or at
This startup has a plan to unlock housing market inventory
"The universe of people that would sell is just a magnitude larger than the universe of people who actually sell" says
@amandaorson
, founder of
@galleon
My latest for
@ResidentialClub