Discount brokers

ex-employee
As an insider, I wanted to chime in. I bought a BuyOwner internet only package in August of 05' for $2,000. I was so impressed with the program, I applied for a job, and to my suprise, I was hired.

I started in Oct. of 05' and quit in March 06'. I still have not sold my house, one year later. I quit because I came to the conclusion that in my geographical location, BuyOwner does not work effectively. I could not justify selling a product that was not up to par.

At the sales meetings I kept asking what my customers were asking me, 'what is the average time on market, and what percentage of houses sell'? In training, we are told to respond, 100% of our homes sell, because we advertise until sold. O.k., than what is the average time on market? We don't know, because we only advertise the property, not sell the property.

A lot of customers do not tell us when their house sells. (I personally do not believe this). The reality of it is that if BuyOwner wanted to know these statistics, all they would have to do is a simple follow up phone call to the customer. It states in the contract that after six months of no contact, you will be taken out of the system. This would lead me to believe that BuyOwner does know.

These statistics, are held closely to the vest, and are not givin to consultants. In addition, all the people you see in the comercials, are from other parts of the country (Florida) where real estate is 'HOT', not Houston.

Best regards,
Lyle
Houston, TX