Special offer

Spam prevention
Submit
Rainmaker
1,057,404
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Haha kinda like Pelosi and AOC. Eating themselves alive.
Polk Salad Annie, gator's gotcha granny, chomp, chomp chomp!

Jul 12, 2019 07:38 AM
Rainmaker
1,202,422
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Consumer behaviors will change over time. I don't see a huge impact

Jul 12, 2019 07:38 AM
Rainmaker
716,529
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Not really. It's a sign that things are not doing as well as predicted in their business model. Afraid that Z will eat their lunch. This will soon be dissolved as soon as things pick up and become competitors again. 

Jul 12, 2019 08:20 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I only focus on my business..... I hope they fall all over each other...

Jul 12, 2019 07:57 AM
Rainmaker
5,772,593
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jason,

I like Candice A. Donofrio comment....luckily I finished my coffee.  A

Jul 12, 2019 07:46 AM
Rainmaker
1,506,763
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Since their partnership with re/max ended when they started their ibuyer program, I'm not surprised they're looking for another partner.  With open door having financial troubles they need a partnership like this.

 

I don't think it'll benefit either company immensly in the long run.

Jul 12, 2019 09:38 AM
Rainmaker
633,820
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Opendoor is not in our market, both companies are loosing a ton of money and unless a big name buys them out it's probably just another fad that will fade into the sunset.

Jul 12, 2019 10:00 AM
Rainmaker
2,785,276
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

They will cast their real estate nets and land some catch...

Jul 12, 2019 09:14 AM
Ambassador
3,350,439
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I don't. 

Jul 12, 2019 08:44 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I think only time will tell.  However, having said that, real estate is always revolving.

Jul 12, 2019 08:22 AM
Rainmaker
4,905,762
Richard Weeks
Dallas, TX
REALTOR®, Broker

Some will

Some wont

So what

Next

Jul 12, 2019 08:46 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Impacting consumer behavior?
Redfin actually has stuff consumers like but not so much for the agent.

Opendoor has stuff consumers hope to be true, but reality will come home soon enough.

Be aware, what is really happening here is a joining of forces to market to citizens seeking an alternative to the mess created by NAR, Franchises and the local associations, of which we are all participants.

We can choose to actually do our own market research (not buy it from a marketer or especially believe what comes from NAR) and identify what those value alternatives are. Those agents of courage (and you know what real courage is) can influence consumer behavior.

Meanwhile, the consumer behavior is affected by the prevalence of shiny things also. How much Opendoor and REDFIN spend on marketing will determine consumer behavior.

Our choice today is to choose to be proactive or reactive.

Jul 12, 2019 08:06 AM
Rainmaker
2,402,128
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

No I do not Jason E. Gordon 

Jul 12, 2019 07:55 AM
Ambassador
6,423,249
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A lot of money flowing to the disrupters these days, we do need to be ready to work within a changing world.

Jul 12, 2019 02:41 PM
Rainmaker
7,869,863
Roy Kelley
Retired - Gaithersburg, MD

Time will tell if there is any impact.

Jul 12, 2019 11:46 AM
Ambassador
3,140,848
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Similar to Redfin and ReMax's eventual relationship...EPIC FAIL!

Jul 12, 2019 09:19 AM
Rainmaker
4,583,784
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

This too shall pass.  Or not.  Life goes on...  Most buyers/sellers care more about their own transaction.  

Jul 12, 2019 08:52 AM
Rainmaker
1,847,621
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Why don't you just tell us how we should feel?

Jul 12, 2019 10:08 AM
Rainmaker
5,115,648
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no time to envision anything in this regard. They don't impact my business in any visible way, if at all.

Jul 12, 2019 10:05 AM
Rainmaker
5,244,217
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

There are suckers born every minute and partnerships formed just as fast to take advantage

Jul 12, 2019 02:53 PM
Rainmaker
4,965,220
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It may up their tv ads and that could take awhile to effect us.

 

Jul 13, 2019 09:56 AM
Rainer
381,387
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

fortunately my market isn't a size that attracts either of them.  Hooray from rural America.

Jul 13, 2019 08:15 AM
Rainmaker
1,712,876
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It really doesn't matter.

Jul 13, 2019 06:58 AM
Rainmaker
2,221,950
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

No impact 

Jul 12, 2019 07:42 PM
Rainmaker
2,195,063
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not in our Market

Jul 12, 2019 04:56 PM
Rainmaker
5,879,125
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

There are many trying hard to get a portion of the business.  Time will tell.

Aug 01, 2019 04:06 PM
Rainmaker
934,802
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

I don't see it being much of a big deal in the short term. They'll probably learn a thing or two that could benefit their model over time.

Jul 14, 2019 06:26 AM
Ambassador
5,257,583
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I hadn't given it any thought, Jason! The plan will eventually self -implode!

Jul 13, 2019 04:51 PM
Rainmaker
556,536
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Why would i try to speculate anything about these companies or an artcle about the demise of our industry.

Jul 13, 2019 05:18 AM
Back to Top
Ask a Question

Our real estate Q&A site is a place where real estate professionals can ask their peers questions so we can all learn and grow as a community.

Members of our community can ask, answer, like, and subscribe to questions. Visitors to our site can read the questions and answers that were marked as “public” by the author.

Recent Questions
View All Questions arrow_forward