They will still need great agents to produce the best results!
Buying a home will probably be the biggest purchase of your life. Imagine earning airline miles for it.
That idea was the impetus for FlyHomes, an online real estate brokerage and platform that rewards house hunters with airline miles when they purchase a home. Today, the startup is coming out of stealth mode in Seattle, where it has been operating quietly since late last year, and launching a beta version of its product in Boston. FlyHomes plans to expand service to Silicon Valley in early June.
FlyHomes works with Alaska Airlines to provide homebuyers with miles that can then be used with a number of carriers. The startup purchases miles from Alaska at a discounted rate and uses an algorithm to determine how many miles each house is worth. FlyHomes’ goal is to be in the ballpark of one mile per dollar spent on a home.
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That’s just a discount broker with a gimmick.
Airline miles are worth about 1c per mile, so they’re just rebating 1% of the commission.
You never hear of any of these start-ups talking about having the best agents around. They all want to cut out the agent, and make you do it yourself…for which they will give you their gimmick of the day.
I hope they can live on their seed money!
I would love to buy using my Costco card. 3% cash back! Sweet.
https://upload.wikimedia.org/wikipedia/en/c/c0/Sweet_promotional_photo.jpg
Back in the bubble zone there was a nearby tract that put a “free” MB 430 sedan in the garage. this smells the same.