To those that have wondered, or hoped that our real estate landscape would change (for better or worse), look to Boston, where CondoDomain.com is introducing their exclusive buyers flat fee real estate brokerage. No, they aren’t the first, but certainly it appears to be gaining steam.
Unlike traditional real estate models, we believe that we should be compensated the same amount whether you purchase a $300,000 condo or a $30,000,000 condo. After all, why should we earn more if you spend more? That’s backwards in our opinion!
You do the searching, they make the deal, you save the bucks–it’s a pretty simple concept, really.
Anybody have any experience with CondoDomain?
Our city is so often compared to New York City, and God forbid Los Angeles, but what about Boston? Is there something to learn from this? Will it survive? Care to wager?
[Update: To get more of the low-down on the new structure of being exclusive buyer’s agents (EBA) the man behind condo domain has spoken.]