OP, I would replace or rework the icons on your landing page. The stroke width varies as does its color which undermines the rest of the design. Apart from that, nice job!
Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
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Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#12OP, I would replace or rework the icons on your landing page. The stroke width varies as does its color which undermines the rest of the design. Apart from that, nice job!
noted, thanks
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#13I'll try anything to get rid of realtors. They're the worst form of rent seekers, and it requires no real skill or training other than a certificate that I could purchase with a highschool diploma, taking one class, and passing a multiple choice exam.
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#14What's the pricing? Do you take the entire 3% commission? If so, ouch, and do you anticipate this will be affected by the recent anti trust cases? Is your use of AI just chatgpt API calls? How quickly could you scale given there's still humans in the loop? What are the blockers to getting humans out of the loop? Have you used your MVP to close any real sales?
Our pricing is negotiable. What we're seeing so far is that >95% of homes are still offering full 2.4% buyer agent concessions in the bay area.
Our main service is our texting service which you would text as if it was a normal realtor and it can get you market comparisons, schedule tours by texting agents, asking about if there's offers on homes, etc.
Blockers for getting humans out of the loop is primarily just user trust. It's quite simple to pull APIs that get specific data and text people and fill forms, but real estate agents have a very high CAC problem, due to this trust issue and competition.
MVP has completed 1 escrow via text bot, we got paid 27k, another home went into escrow yesterday, 35 clients touring homes with us. We registered with our real estate brokerage in July.
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#15I'll try anything to get rid of realtors. They're the worst form of rent seekers, and it requires no real skill or training other than a certificate that I could purchase with a highschool diploma, taking one class, and passing a multiple choice exam.
Yes! rm the middleman
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#16I had this idea, it’s cool someone ran with it. I can see how “AI” can work the deal.
Really should review submitting to ycombinator in the future :) always feel my ideas aren’t good to pursue.
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#17So amazing! Strongly considering using this for my next purchase. Two quick questions:
a) How do offer + contingencies work (contingent on financing, home inspection etc.), will a human immediately have to get involved when any contingencies are involved?
b) Your service will text the sellers agent, and get me the lockbox number so I can tour a property myself without having to schedule with a buyers agent? Just that service alone would be amazing
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#18I'll try anything to get rid of realtors. They're the worst form of rent seekers, and it requires no real skill or training other than a certificate that I could purchase with a highschool diploma, taking one class, and passing a multiple choice exam.
My realtor was invaluable when I bought a house. He had a lot of valuable guidance on what to look for and what to avoid, as well as advice on how to make our offer stand out in a seller's market. I'm not saying that there aren't realtors who are just parasites, but some do earn their pay. Mine was one such.
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#19[dead]
Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers
#20There are good realtors and bad realtors. I could imagine an AI chat bot that was better than some of the mouth breathers out there. But I wouldn't use those people anyway. But there are good people in the real estate business. if you want someone that can negotiate a good deal, and answer complex questions specific to the local laws, who knows the local neighborhood, and the local realtors, who can handle last minute changes and help you buy that house when your approved loan suddenly falls through ... you want someone on your side in those cases. Not some damn chatbot. ( my wife is a realtor)
Now ... an AI powered tool to helped realtors and buyers communicate, schedule, track progress, .... that would be a great application.