Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Nick BastoneDec 1, 2018, 22:30 IST
Advertisement
Andreessen Horowitz General Partner Alex Rampell spoke about tech companies that are disrupting the home buying experience.
Rampell describes the broken process of buying a home today - mainly, the fixed 6% real estate agent fee.
He explains that the industry is evolving to help lower the friction and bring more transparency to the process for home buyers.
The full video of Rampell's presentation can be found here.
At Andreessen Horowitz's annual Innovation Summit on Thursday, a16z General Partner Alex Rampell spoke about tech companies that are disrupting the home buying experience.
Rampell describes the broken process of buying a home today - mainly, the fixed 6% real estate agent fee - and highlights tech companies like Opendoor, Point, and Divvy that are each transforming the industry in different ways.
From home discovery to purchasing to financing, Rampell explains that the industry is evolving to help lower the friction and bring more transparency to the process for home buyers.
Advertisement
The full video of Rampell's presentation can be found here.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Reasons why the home buying experience is broken.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
The annual commissions for real estate agents in the US is around $100 billion.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Real estate agents have pushed for the industry to become an anti-competitive market, especially when it comes to their 6% fee.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Initially, real estate tech companies aggregated home listings.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Today, more investments are being made in real estate tech companies.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Recent real estate tech companies are trying to solve the problems of the industry from top to bottom.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Just increasing home ownership isn’t necessarily a good thing, as we learned in 2008. Increasing the ability to own homes and what it means to own a home, Rampell believes, is a good thing.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
Real estate as an asset class has become much more dynamic.
For most people, buying a home is the most important transaction of their lives which will force these companies to innovate quickly.
This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head