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

Alex Rampell

  • 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. 

Read more: Meet the startup that’s on a mission to help 100,000 people buy homes in the next 5 years, and recently raised $30 million to do so

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. 

The full video of Rampell’s presentation can be found here

SEE ALSO: The 50 most high-tech cities in the world in 2018 Paige Leskin Nov. 16, 2018, 9:53 AM

„When Software Eats the Real (Estate) World“

Reasons why the home buying experience is broken.

See the rest of the story at Business Insider
Source: Business insider

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