You should be able to sell a home within a handful of clicks’: Silicon Valley is coming for your house – News – Real Estate

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Regardless of if it’s a massive corporation, a venture capital-backed startup, or a financier masquerading as a simple online real estate option, the end product is the same: It’s selling a home online to someone with no vested interest in the community save for what they can flip the property for, and that has almost never worked out for anyone except the people at the top of the companies handing financing the mortgages.

Most sales still begin with a real estate agent (and a hefty commission). Most still end in an office, with the two sides signing page after page of legalese. Silicon Valley wants to change that.

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"You should be able to sell a home within a handful of clicks," said Eric Wu, Opendoor’s chief executive. But houses are not taxicabs. A bad uber ride might set a user back $20 and make her late for a meeting.

You should be able to sell a home within a handful of clicks’: Silicon Valley is coming for your house Days on Market is more than just a real estate data point.Does it signal market demand? Does it mean the price is set too far above market? If short, does it signal low price in market? Will agents survive real estate web 3.0?

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