Condo Blog - A Non-Corporate Blog From CondoDomain HQ

This is awful news for Redfin and all their great employees.  I really feel bad for all whom have had to experience this.  Its an awful time for anyone that has to go through this.  I remember that day when I was at Sun Microsystems (my first job out of school) and watched a huge group of people get laid off right then and there…called into a room and left 15 minutes later.  Anyways…Redfin’ers, I met many of you out there when I visited your shop last year, something great will come out of this.  Hang in there.

Glenn, the stand up guy he is, speaks well of the matter on the Redfin Blog.

More new on the Redfin Layoff’s here, here & here.

What does this mean for the rest of us?  What about our baby CondoDomain.com (a Non-VC backed, boot-strapped, shoe-string tied, east coast based competitor to Redfin?)

Well…I am really not sure right now. I tell you though, we are moving forward with a very aggressive roll-out plan to get our flat-fee buyers brokerage business model into all of our pre-existing 33 U.S. markets.  With Charlotte & Atlanta to go live tomorrow, I guess it will be our first true test to see if we can pull it off and grow while others settle-in or shrink.

Similarities that we share with Redfin: Similar business model, savvy workforce, passion driven & all digital.

Differences: No funding, no direct license structure, local broker partners instead of employees.

Times are tough - but our strenghts of a young, agile & small startup is the only thing we got going for us right now.  Possibly our non-licensed structure will be a savior in this market time.  Partnering with local real estate brokers has been a much better experince than I expected  (thanks BL)!   As noted to the team this a.m….lets see how lean and mean we can make this thing go!

Redfin’ers…keep your heads up…and best of luck with your next step in your career.