PFBlog logo

My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

  Home | Feed: feed-icon.gif | About | Progress: June 07: $756,924 | Best of PFBlog | Product Reviews | PFBlog Digest | Disclaimer | Advertise | Contact Me

...

Realestate.com Boosts Services





Granted, it is natural to extend the online franchise of RealEstate.com to downstream services, but without offering discount on commissions, can this move really attract many buyers? After all, those RealEstate.com visitors are internet-savvy and know comparison shopping very well.

From Wall Street Journal:

RealEstate.com, a unit of IAC/InterActiveCorp, plans to offer residential real-estate brokerage services in four Western cities by mid-May, a senior company executive said in an interview -- part of a trend of companies trying to capture brokerage business from people browsing the Web for information on homes.

IAC, based in New York and run by Chief Executive Barry Diller, is trying to use its Internet and call-center expertise to grab a chunk of the more than $60 billion a year Americans spend on commissions for buying and selling homes.

Tom Reddin, chief executive of IAC's financial-services and real-estate arm, said RealEstate.com has begun offering brokerage services in Portland, Ore., and Denver in recent weeks. Within the next few weeks, he said, the services will be offered in Seattle and Salt Lake City. "If it's as successful as we think it will be, we'll expand" to more cities, Mr. Reddin said.

Unlike many other Internet-based brokers, RealEstate.com isn't offering discounted commissions. Mr. Reddin said the commissions would be in line with local market norms. He said the bulk of consumers are looking for "great service" rather than "discounted service." But, he added, the pricing policy could change. "Check back with me in a year," Mr. Reddin said.

What do you think of this post? Be the first to share your opinions.

Enjoy the latest personal finance news and commentary at PFBlog Network.
Similar Posts

getAbstract Saves Time and Money (August 19, 2006)
Ever complained about there are many books you want to read, but you don't have time and energy to read all of them? getAbstract is probably the best resource I discoverd from our corporate library lately that dramatically simplifies my life. The goal of getAbstract ...
Kiva.org: Philanthropic Micro Lending (July 26, 2006)
A recent BusinessWeek article discussed Kiva.org, an online experiment that allows people in developed countries to make micro lending as little as $25 to people in need in developing countries. Yes, it is a nice experiement for sure, but I doubt it is a viable ...
Your Tax Information May Be (Legally) Sold (March 17, 2006)
Tax information is certainly more valuable than credit report. Try the SWIPE toolkit and see how pieces of your information are worth: Address: $0.50 Past Address: $9.95 Marriage/Divorce Record: $7.95 Bankruptcy Record: $26.50 Business Ownership: $9.95 Published Phone Nymber: $0.25 Unpublished Phone Number: $17.50 Cell ...
Search Engines Start Rewards Programs (March 17, 2006)
All these incentives are aiming at fostering the right eco-system. However, it might run into potential conflict of interest with advertisers. Plus, have you heard of Google Atom Bomb described below? "Much blog buzz about Tom Foremski's doomsday scenario for Google AdWords. A billionnaire (presumably ...

Read all 61 articles in the same category.

Read More ... All Other Posts In The Same Category

PREMIUM SPONSORS

Car Loans
Dallas Bankruptcy Attorney
Personal Loans
Car Finance
Homeowner Loans
Cheap Car Insurance
Mortgages UK & CCJ Mortgage
Used Cars
Loans
Commercial Mortgages and Business Loans
Guaranteed Car Finance
Payday Loan
Personal Loan
Student Loan Consolidation.com
Secured Loans
Bad Credit Loans - Free Quote