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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

#131

Post by greenfish6 »

alemanek wrote: post #116
greenfish6 wrote: post #106

Earlier quoted context omitted.

Other relators do not put their fee pricing on their websites so we decided to follow suit. We have the same pricing model - negotiable. But we provide better service.

Some realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: https://arrivva.com/ 2. Minimum 1.25-1.5% but refunds 50% of any commission paid above: https://www.walawrealty.com/buy Minimum for me to work with a company is transparent pricing. Even a range based on levels of service is cool. But, I am not going to waste time on…

We are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/, I've seen them on social media

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#133

Post by greenfish6 »

somehnguy wrote: post #124
greenfish6 wrote: post #111

Earlier quoted context omitted.

We let you drive your own process and interpret real estate data with AI. We target customers who are looking for these in their Realtor

> interpret real estate data with AI What does this actually mean though?

The texting service we provide works similarly to texting a regular realtor. You can text it "Is a $1200 HOA fee per month high for san francisco?" and it will do the searches and compare the local properties to tell you an answer

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#135

Post by Mistletoe »

greenfish6 wrote: post #128
mliker wrote: post #120

Earlier quoted context omitted.

Realtors do in fact list their fees. More and more of them are, especially after the August 2024 changes

Struggling realtors list their fees as a feature. Look through any of the top realtors in the bay area from last year: https://www.theleading100.com/honorees/theleading1002024/ , you'll notice none of them list their fees. Here's the websites of the top 2 realtors in the bay area from last year, to save you some clicks: https://www.kerinicholas.com/ , https://go2marin.com/

Aren’t you trying to be better than them though? People need to know that they are saving money with your new and unproven service that could go awry in so many ways.

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#136

Post by richwater »

greenfish6 wrote: post #131
alemanek wrote: post #116

Earlier quoted context omitted.

Some realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: https://arrivva.com/ 2. Minimum 1.25-1.5% but refunds 50% of any commission paid above: https://www.walawrealty.com/buy Minimum for me to work with a company is transparent pricing. Even a range based on levels of service is cool. But, I am not going to waste time on…

We are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/ , I've seen them on social media

Frankly your responses on this page have convinced me to stay clear of this product.

Sorry, I guess.

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#137

Post by greenfish6 »

margalabargala wrote: post #117
greenfish6 wrote: post #106

Earlier quoted context omitted.

Other relators do not put their fee pricing on their websites so we decided to follow suit. We have the same pricing model - negotiable. But we provide better service.

This says to me, "we are just like other realtors" and makes me less inclined to use your services. Transparency is a killer feature for realtors that would set them apart from the masses. AI is a nice to have feature. > We have the same pricing model - negotiable Nobody wants to start off with an adversarial discussion with the person they are trying to hire to help them. Also, I'll point out that on your front page…

True, I'll update the website to reflect our updated pricing model

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#138

Post by Gerardo1 »

greenfish6 wrote: post #131
alemanek wrote: post #116

Earlier quoted context omitted.

Some realtors do in fact list their commissions and fee structure: Some examples from the market we are looking in. 1. Flat fixed fee and refunds extra: https://arrivva.com/ 2. Minimum 1.25-1.5% but refunds 50% of any commission paid above: https://www.walawrealty.com/buy Minimum for me to work with a company is transparent pricing. Even a range based on levels of service is cool. But, I am not going to waste time on…

We are not participating in the race to the bottom. There are a lot of 0% fee realtors out there! Try https://www.turbohome.com/ , I've seen them on social media

...So being up-front with your pricing, even if that's a "our fees are negotiable but tend to be (flat rate or percentage) around the X range" is a "race to the bottom"?

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#139

Post by Gerardo1 »

greenfish6 wrote: post #111
esafak wrote: post #108

Earlier quoted context omitted.

> But we provide better service. How would a prospective customer know that?

We let you drive your own process and interpret real estate data with AI. We target customers who are looking for these in their Realtor

That doesn't in any way address the question the other commenter was asking?

Re: Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

#140

Post by Gerardo1 »

greenfish6 wrote: post #133
somehnguy wrote: post #124

Earlier quoted context omitted.

> interpret real estate data with AI What does this actually mean though?

The texting service we provide works similarly to texting a regular realtor. You can text it "Is a $1200 HOA fee per month high for san francisco?" and it will do the searches and compare the local properties to tell you an answer

So do you actually do real estate agent things: make contracts, review contracts, communicate with your client, negotiate on behalf of your client?

Or are you an information service specializing in real estate information?

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