Hi all! I’m looking for some insight from home buyers and real estate agents on a problem space I’m exploring related to the real estate buying process.
CONTEXT -- It’s predicated on the following hypotheses:
#1: Real estate agents spend a significant amount of time on client interactions with buyers - particularly answering their questions and improving their understanding with regards to contracts/documents on purchases, timelines of transactions, and how real estate processes work overall.
#2: Jargon, bloat, and esoteric concepts in the documents/contracts make it intimidating and daunting for the home buyer to successfully parse them without the time, effort and most importantly trust of their agent. The information asymmetry between the buyer and their agent renders the buyer in position to be easily taken advantage of - as they so often do - which exasperates a lack of assurance and an overall negative experience for the buyer.
#3: Many (moral) real estate agents understand that hypothesis #2 is a real problem and - if given the chance - would want to be able to demonstrate to their clients that they are trustworthy and reliable.
QUESTIONS FOR YOU:
A: Is hypothesis #1 a problem for you? How large is this paint point? If there were a solution that could address this issues, would you pay for it? Do you see a potential business opportunity?
B: Is hypothesis #2 a problem for you? How large is this paint point? If there were a solution that could address this issues, would you pay for it? Do you see a potential business opportunity?
C: Is hypothesis #3 a problem for you? How large is this paint point? If there were a solution that could address this issues, would you pay for it? Do you see a potential business opportunity?
Looking specifically to hear from folks with said experiences in the U.S or Canadian markets, but of course input from anyone is welcomed and appreciated! Thanks :)
