What'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?
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.
> 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.
That's amazing traction! Congratulations!
How much manual intervention did these first couple of sales take? Are you using your own local/hosted model and fine tuning or otherwise incrementally improving it?
Disclosures analysis and text-to-tour scheduling were first to be automated, and those were available for our first close. We now have market analysis, offer drafting, full AI texting, etc.
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?