I wrote a blog earlier in the year regarding all the new real estate listing sites and asked if these companies were the Realtors friend or foe. Many AR members thought there was nothing wrong with these sites and thought I was over reacting.
Referring to themselves as the "Future of Real Estate", a site by the name of RealUmbrella will debut on September 25 of 2007 which will allow sellers and buyers to negotiate via this site and cement a contract.
Bryant AKatzen and Michael Updegraff created Real Umbrella and have patented this new process. Sellers that list their home through Real Umbrella will be able to list their home on this site and view comparable listings to establish their asking price. From this site they will be able to post their homes on Zillow and Trulia, schedule open houses, and attracted buyers for their home.
Once the buyers locate a home they are interested in, Real Umbrella will guide the buyers and sellers through the selling process and assist them through to closing.
Real Estate Journal wrote the story Real Umbrella to debut this a.m. and posted it on the front page of thier site. This is not the first time that real estate sites have attempted to by-pass the Realtor. This is just another example of how Realtors are "Feeding the hand that wants to destroy Real Estate the way we know it". I am referring to the use of sites like Zillow, Trulia and others.
I highly recommend you educated yourself on the entire process of Real Umbrella so you will be well versed and be able to answer any question that will come up. I am sure Real Umbrella plans on launching a huge advertising campaign.
Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes