Another way to buy or sell that house

  • Article by: KARA McGUIRE , Star Tribune
  • Updated: May 4, 2008 - 5:11 PM

Want to buy a house? Or sell one? This brokerage model offers cash back when buying, and big savings for sellers. But you'll work for it.

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nmmocoMay. 4, 08 9:37 PM

The Coldwell Banker guy taking a shot at the concept translates to a big vote of confidence for Webdigs in my book. Traditional real estate companies are dinosaurs that are positioned for 1975, not 2008.

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magustssonMay. 5, 08 9:45 AM

Webdigs!!! It IS the new way to do real estate! Older firms are set in old ways. Webdigs is new and innovative and thats what people are looking for!

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rogerwa1May. 5, 08 8:43 PM

I bought and sold my last house using for sale by owner and I purchased my cabin by owner. Without the MLS holding the market hostage, the traditional model would crumble. There will always be people intimidated by the ins and outs of buying and selling, however, I cannot fathom why it should cost $21,000 to sell a $300,000 house. I will be putting my house on the market shortly and this company is on my short list.

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sjmeckeyMay. 5, 08 9:54 PM

I agree with Roger, there is absolutely no reason to pay $21k in commissions for a $300,000 home. The average realtor does very little work and feels as though they are entitled to such large commission checks. Webdigs economic model is a much needed change to the real estate market.

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tmeckeyMay. 7, 0812:28 AM

I am a Realtor & Co-Founder With Webdigs. Thanks to those for such positive comments. There were a couple of items in the article that were not exactly accurate. First: Sellers who list with Webdigs are not expected to host their own home tours. Webdigs coordinates all homes showing requests from other Realtors and interested buyers who may not have an agent. Also, Sellers and Buyers who choose to work with Webdigs are not sacrificing service in any way. While we may be considered a "discount" brokerage by some (regarding our pricing structure) I would confidently put our service offering up against anyone else in the market place.

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tmeckeyMay. 8, 0812:12 PM

Regading the information in the story about Webdigs Listing Services, the writer did not misreport how we handle showings for home sellers. It was incorrectly communicated on our website, which was one of the sources for the information in the article. We have since corrected this on the site and apologize for any confusion this has caused.

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