This is a cool service, and I would certainly use it as a buyer, but to get me as a seller it would need to have an option to get an MLS listing as well. Is there any reason that wouldn't be possible eventually as a feature?
It's just that the majority of potential buyers will be looking for homes through MLS, so you are drastically reducing the pool of potential buyers. Number of interested buyers is going to be a huge factor in selling price, especially if you get a bidding war going.
Hello, UniverseHacker. Good question. MLS is part of the problem. It could be more efficient; anybody with a license can join, and one of only two choices currently available to consumers. The other is going for sale-by-owner. PropBox is a brand-new advertising alternative that removes all the pain points. It is fast, accurate, simple to use, and inexpensive. For example, I write a syndicated weekly Q&A real estate column. I have answered thousands of consumers' most pressing questions over 12 years. One of my learning experiences is that when I get a new question, it is easy to discern that many people don't read the contracts. Why? Because the contracts are so long and difficult to understand, customers turn to their trusted advisor and ask, " Well, <name of agent>, what do you think? Should we go ahead?" The majority of agents will reassure them to proceed. So they ask a person with a significant conflict for permission. This is a big mistake. At PropBox, we are trying to correct this by making the form simple and easy to read. For example, the basic offer-to-purchase has over ten thousand words in my home state. The PropBox basic offer-to-purchase has just over one thousand words, written in easy-to-understand language that meets all the legal requirements in the state. Our legal counsel has agreed that it is legal. Now a customer can read it and understand it. This short and easy read will improve a buyer's confidence and avoid depending on someone else's opinion. It also minimizes the chance of a future misunderstanding for the seller. Our customers will recognize and appreciate this simple fix.
It's just that the majority of potential buyers will be looking for homes through MLS, so you are drastically reducing the pool of potential buyers. Number of interested buyers is going to be a huge factor in selling price, especially if you get a bidding war going.