Sounds like Zillow’s Make Me Move, but they charge 1.5% to 2.5% which sounds like a brokerage – and they are going to start it in New York. Whoever spends millions on advertising could win:
Jarred Kessler, a 15-year Wall Street veteran and former head of US equities at financial services firm Cantor Fitzgerald, came up with his big idea when a friend lost his job.
His friend was in a tough spot and thought about putting his house on the market, but didn’t want the associated “public scrutiny” of a “For Sale” sign on his lawn or neighbors talking.
He wanted to keep it discreet, and he wanted to know the value of his home in case he needed to sell. He wanted to test the market without being in the market, Kessler told Business Insider.
Kessler realized that no other services currently on the market offered potential sellers a chance to quietly assess the value of their homes. Then, trouble with regulators at his Wall Street job pushed him to leave Cantor and create one.
Enter EasyKnock.
EasyKnock is a residential real estate technology startup on a mission to change the process of listing and selling one’s home. It should be up and running by February.
Hmmm. Interesting read, that article…
“Kessler resigned from his position as head of US equities at Cantor Fitzgerald in December 2015 after the firm faced allegations over the sale of unregistered microcap stocks. The brokerage industry’s regulator, Finra, said he had failed to set up a system of properly overseeing the sales in his role there. He settled the case without admission of guilt, and was fined and subject to a principal capacity suspension. ”
Wow.
Well, I’m sure it didn’t happen even remotely like this (warning: profanity)…
https://www.youtube.com/watch?v=sFM0qeUTY1o
Hope his new app works out. Clearly, he has displayed that “get up, and go” quality that a lot of new investors look for, sooner or later.