Opinion: Is Israel Adopting the U.S. Real Estate Model?

… The majority of homes in the U.S. are listed on local broker marketplaces, which offer the widest pool of buyers for sellers and a comprehensive database of available properties for buyers. Alternatively, in Israel, we don’t have centralized databases, and listings are often shared between brokers via WhatsApp groups, which opens the door to various issues regarding transparency, accuracy, reliability and access…

…Local broker marketplaces in the U.S. make the buying and selling processes more efficient due to the centralized nature of listings, which helps result in quicker closing times. There isn’t as much information available in Israel, meaning consumers have to spend extra time searching far and wide to find the right property.

In the U.S., this is all cut out by having a local broker marketplace that has all the available listings and data in one convenient place…

… As someone who has studied the U.S. model and found it preferable to ours, I can confidently say Americans should not take this for granted. Imagine consumers getting possibly fake home information. Imagine consumers not knowing if home information is current.

Imagine consumers getting a fraction of the details they’re looking for about a home they want to purchase. This could be your new reality. Appreciate and defend what you have because you don’t realize how good you have it.

FULL TEXT:  Opinion: Is Israel adopting the U.S. real estate model?—Real Trends

Back to Competition in Real Estate > Consumer Access & Opportunity