The Last Word: Redy Co-Founder Josh Altman on How Hard It’s Become To Sell Mansions

It’s a hell of a lot more of a fight for your commission than it’s ever been. Deals are getting done a lot skinnier than they used to.”  

Josh Altman
Co-Founder of Redy and star of Bravo’s “Million Dollar Listing,” 
.…on how hard it’s become to sell mansions these days, via the Wall Street Journal.

We recently told you about Redy, a new home-sales marketplace that rewards home sellers with a “cash bonus” for selecting an agent who best aligns with their sale goals. “Million Dollar Listing” star Altman is a co-founder of the service, which is launching in Dallas and four other U.S. markets. 

One reason he may be launching the new business? It’s hard out there for reality TV celebrities selling pricy mansions these days. The Wall Street Journal explained it all in a recent article called “Reality TV’s New Star: The Mansion Nobody Is Buying.” 

Altman’s Bravo show used to feature lots of slam-bang sales of seven and eight figures. But now, WSJ writes, things have slowed considerably thanks to high mortgage rates, overpriced mansions, legal battles over realtor commissions, and a new Los Angeles “mansion tax.”

In fact, “Million Dollar Listing” captured just one closing in the first 16 weeks of shooting for the show’s 15th season, WSJ noted.

One former star of “Selling Sunset,” which also airs on Bravo, told WSJ that when new realtors tell her they’ve just gotten their license, she congratulates them—then says, “But don’t quit your day job.”

You can read the WSJ story here.

For more of who said what about all things North Texas, check out Every Last Word.

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.

One quick signup, and you’re done.

R E A D   N E X T

  • Reality TV star Josh Altman of Bravo's "Million Dollar Listing" is leveraging his pop culture fame to further disrupt an already disrupted home real estate sector. By using Redy, he says, "For the first time, sellers get paid cash to pick an agent; as a result, agents are directly invested in the sale."

  • Jeffrey Keyser, co-founder and former Co-CEO of Renibus, steps into the role of president and CEO. Bolstered by an expanded Series B funding round in 2023 and a promising lead drug candidate, it signals a new chapter for the Southlake-based biopharmaceutical firm.

  • Gold Medal said its acquisition of Keller-based Klapprodt Pools is a significant milestone in its long-term growth plan, which provides substantial resources to pool company owners seeking growth, funding, or an exit strategy.

  • Nearly a year after selling its Residential Division to Toronto-based Cadillac Fairview, Lincoln has unveiled new branding that reflects its commitment "to providing a forward-looking, personalized and solutions-oriented client experience that meets the demands of today’s ever-changing commercial real estate market."

  • Matt Appleby [Photo: Zamora Company USA]

    Matt Appleby has been appointed chief executive officer of the Zamora Co.'s Dallas-based U.S. business cluster Zamora Co. USA, succeeding Bill Corbett who retired as CEO. Corbett is serving in a senior adviser role through September 2023. The Madrid-based Zamora Co. is the owner of premium wine and spirits brands including Licor 43, Yellow Rose Whiskey, Martin Miller's Gin, and Ramón Bilbao wines. "The U.S. is a crucial market for Zamora Company, which we firmly believe could top 30% of our global business within the next several years," Javier Pijoan, CEO at Zamora Co., said in a statement. "Matt's impressive…