Real Estate Industry Improves Use Of Web

An increasing number of homes are going up for sale over the Web. The trend is disturbing for some.

1 minute read

September 27, 2001, 1:00 PM PDT

"The four-bedroom San Clemente, Calif., home that real estate agent Richard Malland lists for $829,000 recently appeared as one of the featured homes on auction site eBay. But that doesn't mean Malland is auctioning the house. In fact, he doesn't even like the term 'bid' when it comes to real estate. 'When you bid, it sounds like the lowest price is going to win,' Malland says. 'There's a lot more to the quality of an offer for a home.' Nonetheless, his use of eBay to sell real estate demonstrates just how much the Internet is changing an industry closely protected by brokers and their agencies."

Thanks to Net Commerce Executive Newsletter

FULL STORY: Fixer-Upper

Tuesday, September 25, 2001 in Interactive Week

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