Tell us Where We’re Wrong about Keller and Offerpad?

09/04/2019
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Tell us Where We’re Wrong about Keller and Offerpad?Screen-Shot-2017-11-01-at-11.23.50-AM

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3 thoughts on “Tell us Where We’re Wrong about Keller and Offerpad?”

  1. Steve says:

    You seem to have overlooked the concept that this inserts the agent into the iBuying process. The savvy agent will present the option to list that will save the consumer the excessive fees that you have pointed out in your prior discussions. Just picture the agent doing a Net Proceeds comparison to the consumer showing the excessive fees they will incur with going the iBuyer route vs lisitng with an agent, saving on fees and realizing a higher net. Only a desperate consumer would go the iBuyer route so the agent now gets a listing and saves the consumer significant money.

  2. Sharon Coffini says:

    I have personally lost a few sellers this year to iBuyer platforms and the sellers knew very well that they were leaving money on the table but life circumstances made the option reasonable for them. If we had the offerpad platform I wouldn’t have lost those clients, been able to oversee and make sure there was no hidden fees and explained everything thoroughly to them (I tried to do this even when I wasn’t involved) and then relisted the home as a real listing that I could have had the opportunity to possibly meet new clients from (open houses, sign calls, etc) so therefore to me, seems as Gary is simply trying to protect us Agents from getting screwed completely to at least making some money and opportunities. These were listings of mine that couldn’t sell due to timing and condition and lack of funds to fix up, so I already had time and marketing costs involved that was a total loss. With this program I would have recouped something. Of course the main goal is to sell traditionally and have the seller make as much money as possible but there are circumstances where it’s not all about the money and having the quick close with no showings or repairs option is a real choice for some sellers. As agents we should be able to offer that as part of the overall package of services we offer and that is what Gary is setting up for KW agents.

  3. Reading the text of the law, I don’t see how the Sandbox law pertains to most home loans in Arizona. 41-5605,B,3 limits an individual loan to $15,000, and an aggregate per consumer to $50,000. Further, while this law limits need to follow State laws, in has no effect on the requirement to follow Federal laws.

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