Being CEO is a tough gig, especially in the online real estate game.
Redfin’s CEO Glenn Kelman shares with Bloomberg Business “what keeps him up at night.” And it’s probably not what you’d think.
“I worry all the time that we’re going to screw up a customer’s offer,” he told Bloomberg, laughing. “That somebody’s going to call me at 10 o’clock at night and say, ‘why didn’t I win?’ So when you celebrate these bidding wars, they just cause us to lose our hair.”
Kelman was on Bloomberg Business to discuss the slightly cooling-off home-buying market.
A few weeks ago, Redfin unveiled its new Housing Demand Index, a service that covers 15 U.S. housing markets and gives more information about homebuyer activity prior to making a purchase. Earlier in July, the company also launched its “Book It Now” service which lets homebuyers book tours online to get a jump on the competition.
It’s all part of Redfin’s expansion plans as the company continues to grow, thanks in part to the nearly $71 million in funding it received last December.
