New online services are like for home sellers

Source: Michele Lerner, Washington Post (Paid Registration)

Many consumers are accustomed to entering a date and a place and having an instant array of options comparing costs for flights, hotels and car rentals. Two recently launched websites promise a similar experience for home sellers, giving them a tool to compare what they’d get by listing with a traditional real estate agent, a discount agent and an instant buyer also known as iBuyers.

Both Simple Sale and are free to consumers and both require homeowners to enter some basic information such as their address, the condition of their home, their timeline for selling and whether they want to sell fast or hold out for the highest price. Machine learning generates price estimates and recommendations for homeowners.

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