Seems a simple task, right?
While the rest of the the U.S. innovates it’s often perceived archaic ways of marketing real estate, New York’s property listings are still typically buried within the listing broker’s walled garden. Segmented and segregated, consumers are left with jumping from broker to broker and site to site to see properties until the ideal price, location, and unit is found, opening a door to startups seeking to make efficient what is currently viewed as a monopoly in disarray.
Whether disarray of a monopoly is fact or fiction, the idea of transparency in the New York property market is still a new and troubling concept. Some brokers are at least attempting to share listings and data with aggregating sites, although the notion of cooperation is still considered an illusion with dual agency seen as the primary motivation to slow adoption of new ideas and concepts by the traditional real estate space in New York.
Choice coming to New York real estate
Enter Nelbee, a New York based startup that seeks to schedule available brokers to view available properties in real time, giving consumers access to downloadable documents, choice in brokers, along with property information. Nelbee seeks to reward a right now available broker/agent or owner with a right now buyer or renter in a one stop solution, thus organizing and enhancing the consumer experience while adding choice to the mix. The 2009 concept has already won an award as Nelbee was announced a regional winner for New York state in FundingPost’s Pitching Across America contest—the largest nationwide venture capital contest of its kind making Nelbee even more notable.
Graduating from law school this summer, business partners and friends Michael McGrath and Edward Valentini seek to launch Nelbee to the New York City property market adding a real time reality to New York real estate.
Nelbee is still in development, however a working prototype is available as the two work towards their bar exam this summer when they intend to launch Nelbee. Nelbee is keeping future plans pretty close to the vest, but making Nelbee mobile is high on the priority list as well as plans for expansion into other U.S. markets.