From Inman News
We are intrigued by the news that super retail giant Wal-Mart may be putting its toe in real estate or at least mortgages, according to news reports last week.
Here are five things that might be interesting about it:
1. Imagine Wal-Mart greeters at every open house.
2. Wal-Mart will force home sellers to be realistic about their home prices. As we all know, Wal-Mart forces its suppliers to offer rock bottom prices.
3. The masters of efficiency, Wal-Mart will automate the home sale transaction in a year.
4. Wal-Mart will force down wages and demand that fat cat real estate executives double up in modest hotel rooms when they travel. (Even Wal-Mart executives share a room with another executive when they travel).
5. Another lion over the hill, Wal-Mart will cause the leadership at NAR to go ballistic. We can already imagine the campaign, “Stop the Big Boxers from getting into Real Estate.” (We wonder who will carry the bill to ban the big W from entering real estate).