CondoDomain.com enters Dallas
Real estate technology brief
By Inman News, Thursday, September 11, 2008.CondoDomain.com, where buyers can browse new condos for sale, on Wednesday announced the launch of its Web-based, flat-fee real estate brokerage in the Dallas, Texas, marketplace.
The company, which also operates in Boston, also allows site users to search foreclosure listings, for-sale-by-owner properties and upcoming auctions.
CondoDomain.com offers a 100 percent satisfaction guarantee to all of its clients, and is planning expansion into more than 30 U.S. markets.
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Submitted by Stanley Nichols on September 12, 2008 - 7:58am.
SO WHAT!!! Is this an ad???
Submitted by John James on September 15, 2008 - 3:37am.
I like what this company is doing. They have made a huge impact on Boston. They picked a niche, offer a unique & competitive service and push it out through non-traditional media. I know they did not like the 'advertisement' model they originally opened as a few years ago, but I am glad to see them in the brokerage business. I think they will do great. Good luck guys.
Submitted by Al Greb on October 3, 2008 - 10:10am.
I really cant think how they can compete with the MLS. Unless they have lots of local advertising and online seo focused on local condo buyers. I really dont see much value.
Real Estate BPO / REO Agent.
Broker price opinion
Reo management
Submitted by Dan Connolly on October 21, 2008 - 10:50pm.
I see that they are in Atlanta as well! Another commission rebater. I never have understood how the Buyer's rebates work legally. When there is a loan, typically the lenders don't want to see the Buyers getting back any cash in the purchase process. If it is a check cut after closing it would seem like it violates the documents in every closing package stating that the entire transaction is reflected on the closing statement. The lenders want the purchasers to have 5% or 10% etc. of their own money invested. If the buyer gets 10K back it dilutes their down payment. What am I missing here?
Atlanta Real Estate | Atlanta Foreclosures | Morningside Real Estate
Submitted by Anthony Longo on October 22, 2008 - 11:57am.
Hey Guys. Tony Longo here from CondoDomain.
Al - We are not trying to compete with the MLS. We are simply a web-based real estate broker. Similar to a Redfin, but a niche player in urban metros. If you were buying a property through us, I think you would see the value once you see the service we provide and then cut you back a huge check at the end of the day.
Dan - Yes we opened Atlanta, Charlotte & Dallas recently and have plans to get to DC, Baltimore, Philly & San Diego by months end.
We don't like to think of our company as a "commission rebater". We are a web-based buyers brokerage that works with tech-savvy consumers in urban metros around the U.S.
If you take some time to think about the business model - to most - it makes sense. After all, why should a real estate broker be paid 10X more on a $3,000,000 condo vs. a $300,000 when the $3,000,000 for the most part is an easier deal to put together?
Look forward to your response.
Thx,
Tony L.
Anthony Longo
Founder & CEO,