What's Going On At HomeSeekers?
(Blanche Evans - 12/12/2001)
Look at the balance sheet
Posted By: mebiker - 12/12/2001 09:25 AM
It's simple, the company is about to enter bankrupcy protection. It's trying to sell any assets it can, it has more debt than it can handle, it has no cash and more importantly no path to positive cash flow. In short, it's game over. My only hope is that someone with some business sense takes over the wreckage and works to make the Internet really work for RE agents. 16,000 agent customers has to be worth something! When will these so-called real estate technology firms start to understand thaat it's not about web sites or leads it's all about sales. Bad sites lead to bad leads which leads to poor sales conversion rates. What agents need is good warm leads that result in $ in their pockets. The Internet is no different then any other lead source....it's value is measured by the number of sales not the number of leads.
Responses to this Post
Bankrupcy Posted by: Concerned - 12/12/2001 09:59 AM