Denver's hot real estate market is met with much resistance to revolutionize
Joshua Hunt //April 11, 2017//
Denver's hot real estate market is met with much resistance to revolutionize
Joshua Hunt //April 11, 2017//
It’s impossible to read the About Us section of a small young company these days without the adjective – disruptive – being flung about like splatter paint on a Jackson Pollock original. Startups are vying to be recognized (and self-describing) as the next Ubers or Amazons – transformational, game-changers.
Indeed, our world is morphing at, what feels like, a faster pace than ever before, and it’s giving us some serious introspective whiplash and ultimatums:
SINK OR SWIM
Back down on earth, here in Colorado, that is, we’re flying on a figurative water jetpack.
Ray Kurzweil explains this most succinctly in his Law of Accelerating Returns:
Technology evolves exponentially over time making way for new ideas to take root.
While this has caused many occupations and gadgets of yesteryear to grow obsolete, it has also opened many doors and enabled greater steps forward in our collective quality of life.
The complexity of this constant evolution touches every part of our lives in both the public and private sectors. As Gov. John Hickenlooper attested in his January 2017 State of the State address, Colorado serves as a laboratory for innovation dating back to the our inception, often pioneering legislation that other states later adopt in rapid succession. Recent demonstrations of our metamorphosis include:
Private sector demonstrations of innovation abound as well, from industry to industry.
Keeping an eye on real estate, we harken back to 1973, when Dave Liniger’s controversial maximum-commission model combined with robust marketing and agent services resulted in RE/MAX and shifted the real estate landscape forever.
Here’s the struggle, more than 40 years later and during one of Denver’s hottest real estate markets on record, much resistance remains to revolutionize this dinosaur of an industry yet again.
In order for Denver to continue its claim to be the real estate disruption capital of the world, the time is now for revolution, involving the full 360 view of the market, from service to technology to financial models and customer paradigms. Here's what it's going to take:
Serving as a case study, Trelora has helped area homeowners buy and sell more than 2,231 homes, saving more than $25,500,000 in agent commissions – still, the industry, specifically in Denver, has a long way to go.
Innovation stands at the crossroads between humanity’s ability to conceptualize the future and our ability to execute on that vision.
In today’s environment, we are able to execute faster and with grander visions than ever before. Colorado is a prime example of technology advancements merging in the public and private sector, impacting countless lives.