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Iggy’s House- Real Estate’s Home Buyer & Seller Portal Getting a Second Chance at Life?

webdigs

What Happened?

The last time Iggy’s House (listing portal)/ Buy Side Realty (partnered brokerage) made any splash was when they announced enhancements they would be making after they went M.I.A. but if/when the changes were made, they didn’t gain much traction.

Finally, the dwindling presence of Iggy/BSRealty may get a second chance as it was announced today that Minneapolis-based company Webdigs has “acquired the assets” of the two companies purchased for 7 million shares of Webdigs stocks (trading at 75 cents today) and “about $150,000” cash. Webdigs CEO Rob Buntz told Twin Cities Business Journal the companies “bring technology worth $3 million to Webdigs.”

What about Iggy’s/BSRealty staff?

Joshua Katz previously led the brokerage and will join Webdigs as “head of real estate brokerage in the United States” and Iggy/BS co-founder Joe Fox will be on the Webdigs board. It’s been a long road for this team and they’ve had their ups and downs so we are interested in how Webdigs will breathe new life into the companies.

Although Webdigs is a full service brokerage, they’re offering rebates and web promotions- are they poised to be the Redfin of the Midwest? Redfin began as a point & click concept (similar to the purchased concepts?) and has evolved into a rebate brokerage, could Webdigs master this geographical market before Redfin can?

Twin Cities Realtor, Jason Sandquist agrees that with this acquisition, Webdigs is similar to the Redfin model and notes that “it definitely looks like they have big(ger) plans.”

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[cb type=”redfin”]redfin[/cb]

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

14 Comments

14 Comments

  1. Fred Romano

    June 17, 2009 at 4:26 am

    Webdigs looks nothing like Iggys house. I don’t see the similarity at all with the listing side. Iggys was doing an entry only method and for free.

  2. Benn Rosales

    June 17, 2009 at 4:51 am

    heh Iggys’s finally went public, but webdigs when scaled against redfin has a very long way to go.

  3. DHI Home Inspection

    June 18, 2009 at 11:16 pm

    Change is tough we wish you all luck with the many changes. I am going to place your link on Twitter so others can follow your blog.

    David Founder of
    HomeInspectionsServices.org

  4. Joe Loomer

    June 19, 2009 at 1:23 pm

    Lani, check out Brian Brady’s post today on bloodhoundrealty/bloodhound blog about AREBOT.

    Navy Chief, Navy Pride

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