BuyerPrice brokerage seeks top negotiators to serve app’s buyer leads

  • has launched a mobile app that will give buyers a dynamic price estimate of homes for sale.
  • BuyerPrice is seeking to enroll 3,000 top negotiating buyer agents across the country to work with the leads coming in from the app for a program in the testing phases.
  • The location-based app will absorb ratings from buyers touring homes to feed the fluid pricing system, similar to demand-driven metrics on Uber and Airbnb.

Don't miss Hacker Connect New York
Dive into the latest Technology impacting real estate, Jan 22, 2018

Ask anyone how much something is worth and they’ll tell you "as much as a buyer will pay." Yet much of the real estate market is driven by sellers’ price expectations. The just-launched tech-centric brokerage BuyerPrice approaches the philosophy of a real estate sale differently, promising buyers: "you’ll pay less for a home if you buy it through us than with a regular broker." To do this, the online platform -- which is still in testing, with about 450 users participating in the beta test at the moment -- dishes its own home value figures using a patent-pending “dynamic pricing model.” And as BuyerPrice co-founder Tim Hammond explains: "If we can’t negotiate the BuyerPrice stated or less, then we’ll subsidize your purchase by up to 1 percent.” The New York-based tech firm operates as an open platform where approved real estate agents can join and receive buyer leads -- and it’s seeking experienced buyer's agents with a proven record of negotiating do...