There’s always something to howl about.

Author: Greg Swann (page 166 of 209)

Suburban Phoenix Real Estate Broker

Microsoft to add video games to Zune . . .

Wow… Evidently news doesn’t travel that fast…

But seriously: This is like Greek drama. How would it feel if your absolute best effort turned out to be a complete pig on the day of its introduction? And then, only a few months later, it had every last one of its teeth kicked out — by your arch-nemesis. And then, after that, you had to make make a lame-ass announcement that your little toothless brown pig will be even more obsolete — eighteen months from now. This is a day for falling on swords in Seattle…

Feed the starving Realty.bot: Zillow.com is underwhelming, so far, as a National Property Listings Service . . .

I think I have to back off — for now, at least — from my earlier expectations for Zillow.com as an incipient National Property Listings Service. To this date, anyway, Zillow’s appeal to sellers and listing agents has been underwhelming, at best. As I write, there are 19,250 homes listed for sale on the system. An additional 10,381 are listed under the “Make Me Move” option. By contrast, at the time that Zillow.com released these changes to its software, Trulia.com announced that it had achieved one million on-line listings.

At that time, I had written Trulia and other on-line listings aggregators off as dinosaurs, and I still believe this is true. But if Zillow.com represents the coming of the mammals, the first mammalian species to have evolved must have been the sloth.

What’s the problem?

No XML feed.

When these software upgrades were made, Galen Ward speculated that Zillow had skipped the feed to capture agents’ eyeballs for its advertising. If this is the actual reason Zillow elected not to permit listing by XML feed — as is done by the other Realty.bot listings aggregators — then the strategy has backfired.

Whatever Zillow’s reason not to have a feed, that reason is wrong. In making these changes, Zillow.com voluntarily surrendered the fearsome mojo of it’s Delphic Automated Valuation Method. Overnight, it transformed itself from every Realtor’s favorite bette noir to… just another listings bot. And as exciting as it might be as a listings bot, it’s but one more of what are already too many listings bots — and the only one of the bunch that can’t be fed from PostLets or vFlyer or one of many proprietary Realtor web site vendors.

That is: It went from being potentially threatening to Realtors but fundamentally useless to potentially useful but fundamentally a pain in the ass to Realtors.

This turns out not to have been an improvement, especially as Zillow.com prepares to roll out an advertising product targeted to Realtors. Zillow.com has always been able to deliver potential sellers — even as it delivers wildly inaccurate Zestimates to them. But without a significant number of homes listed for sale, Read more

More on the iPhone . . .

Apple. TUAW. Engadget. TechCrunch. Sign up to be the first one in your area code to get one.

Realtors should raise hell right now with MLS systems and computerized forms vendors: You have six months to support this device. I’ve been a Treo user since before Palm reabsorbed Handspring. This is the best Realtor phone yet…

Think about live-blogging with this phone… Think about conference-call podcasting… This is laptopia reborn…

Apple TV will present on-line videos in big chunks . . . ?

The Unofficial Apple Weblog, live-blogging from Steve Jobs’ Macworld keynote address:

Apple TV Price $299. I want one. Ships February. Taking orders today. “Enjoy your media on your big-screen TV.”

Okay…

This is Carmen Sandoval from today’s episode of Flipper Nation — blown up to display on the 70-inch Sony Bravia LCD HDTV announced yesterday at CES. Yes, this will look better at living room distances — but how much better? Somehow, I don’t think this the last word in convergence technology.

On the other hand… Jobs is demoing the iPhone — with OSX on-board. More about this later…

Further notice: Tabbed browsing — on a phone!

Further, further notice: This is a rockin’ phone. Wi-Fi, Bluetooth, GSM, EDGE, SMS, email, video voicemail (selectable, like email!), tabbed Safari web browser, iPod, OS X with syncing to everythng via iPod sync, 5 hours phone, 16 hours audio, 2MP camera, touchscreen keyboard (one hardware button), widescreen iPod movies, iPhoto support. How much? $499 for a 4GB unit, $599 for 8GB. Both require a 2 year contract with Cingular (exclusively). My take has been that the next generation of mobile phones would eliminate the laptop from the real estate world. This might be the one…

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Dual Agency Smack-Down: Arizona Association of Realtors General Counsel Michelle Lind on Dual Agency . . .

The Arizona Association of Realtors has just published Arizona Real Estate: A Professional’s Guide to Law and Practice by Arizona Association of Realtors General Counsel Michelle Lind. I don’t know what is planned for this book, but it is comprehensive enough to be used as one of the texts in a pre-licensing or broker’s licensing class.

I got my copy today, and I thought I’d highlight the material on Dual Agency. This rendering is not hugely different from the material Lind has had on the AAR website, but I think the statute law makes it plain that, in Arizona, the parties to a Dual Agency can consent in writing to terms less stringent than those specified in the current “AAR Consent to Limited Dual Representation” disclosure. I haven’t gotten around to writing a disclosure that describes Dual Agency transactions as they actually occur — in part because I’ve been waiting for this book to be published — but I’ll put a form together and take to Lind to see how it flies.

Nota bene: This is interesting reading, but if you are not licensed in Arizona, it does not apply to you. Your local laws may be radically different.

 
DUAL REPRESENTATION (DUAL AGENCY)

Dual representation (dual agency) occurs when one broker individually, or two salespeople within the same brokerage firm, represent both the buyer and the seller in a real estate transaction. Dual representation is lawful with prior written consent. The ADRE Commissioner’s Rules provide that: “A licensee shall not . . . represent both parties to a transaction without the prior written consent of both parties.” See, R4-28-11O1(F). Consequently, the ADRE may sanction a licensee if the licensee has “[a]cted for more than one party in a transaction without the knowledge or consent of all parties to the transaction.” A.R.S. 32-2153(A)(2).

Dual representation involves inherent conflicts. Therefore, in most residential resale transactions in which a broker acts as a dual agent, the broker obtains the consent of the parties on the AAR Consent to Limited Representation (12/02) form. This form is not mandated by statute, but is helpful in explaining dual agency and its consequences Read more

Metro Brokers’ new map site: First we take Colorado, then — the world!

Colorado real estate brokerage Metro Brokers announced it’s new map-based search engine at Inman Connect. From the Denver Post:

Starting today, consumers will be able to go online to find all homes on the market in Colorado.

Denver-based Metro Brokers Inc. is launching ColoradoHomeStop.com at the Inman Real Estate Connect conference in New York.

The company spent two years and more than $2 million to develop the site, which ultimately will incorporate the state’s 22 multiple listing services into one site, said Mark Eibner, chairman of Metro Brokers’ information technology committee. The initiative was paid for by the organization’s 2,000 members.

The advertising-free site takes the map-based real estate search to a new level of interactivity, building proprietary AJAX technology onto the Google Maps mapping platform.

Metro Brokers partnered with WhereToLive.com to integrate the company’s real-time SmartMap search technology into the website.

Among the features it offers are:

Street-level, aerial satellite and hybrid views of the property;

A photo tour of each property;

Neighborhood and school information specific to a property;

A map of each property and driving directions.

Users also can print property brochures, request additional information, schedule showings via the web and compare up to four properties side-by-side.

Metro Brokers has purchased the ColoradoHomeStop domain name in all 50 states in anticipation of launching the site – and the real estate company – nationally.

My take? Highly detailed. Kinda slow. The initial view if you don’t specify a search is every listed home in Colorado, so that’s gotta grind some gears. But zooming in takes a while per double-click, with more waiting for the map to re-render. The site makes very intelligent use of Ajax tabs to cram a lot of detail into one browser window.

(Hat tip: Dave Barnes)

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Hey, buddy . . . Wanna buy a Zip Code . . . ?

Eppraisal.com and Zillow.com today both announced Zip Code based advertising programs to allow agents to display ads to people searching in their particular farm areas.

Under the Eppraisal.com plan, agents will sponsor particular Zip Codes for a fee of $20 a month.

If you are a real estate professional, you can sponsor any zip code in America and begin connecting with the eppraisal.com users who are eager to understand how much their castle is worth. You’ll be exposed to consumers who are ready to take action on buying, selling or re-financing a home. By sponsoring a zip code, or multiple zip codes, you gain exclusive access to users within the area as well as premium advertising opportunities to those targeted zones for only $20 per month.

Zillow’s plans are not as definite at this point:

Today at Real Estate Connect NY, Zillow president Lloyd Frink talked about a new advertising product coming during the first quarter of this year, one that allows agents and other real individual estate professionals to buy inexpensive, targeted advertising on the site.

We’re calling it EZAds — and it’s pretty simple — an easy, online way for individual agents and other real estate professionals to buy and customize ads on Zillow.com, targeted to specific searched ZIP codes. The ads show up on ZIP code-specific areas throughout the site, including map pages and home detail pages.

No word on pricing, nor availability.

Curiously, neither site elected to follow the Realtor.com business model of selling outrageously large farming areas to multiple, competing agents…

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Carnival of carnivals . . .

BloodhoundBlog is broadly represented in this week’s weblog carnivals:

Kris Berg‘s post Kibble and Bits can be found at the Carnival of Real Estate at @ House Values.

Jeff Brown‘s entry The S & P Is Up Over 16% In 2006! is among the winners at the Carnival of Real Estate Investing at Cash Flow Treasures.

Sadly, Dan Green‘s excellent article detailing What Isaac Newton Knew About Mortgage Lending did not make the list of finalists at the Carnival of Business at My Money Forest.

But: We thought Dan’s post simply killed, so it is this week’s Carnival of BloodhoundBlog Winner…

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Was BusinessWeek bamboozled? “Twist” doesn’t know what she doesn’t know . . .

This is a copy of email I just sent to Peter Coy of BusinessWeek with respect to false claims made last week about deception in the Arizona Regional Multiple Listings Service. Cliff’s Notes: False alarm resulting from “crackpot claims, the end product of a fervid imagination and a Rube Goldberg spreadsheet.”

From: GregSwann@BloodhoundRealty.com
Subject: Problem solved — “Twist” doesn’t know what she doesn’t know
Date: January 8, 2007 2:13:57 AM MST
To: Peter_Coy, Twist
Cc: Jay, Jonathan, John

The mystery unraveled.

1. Ms. Averett does not have access to the ARMLS system.

2. Her analysis is based on summary reports issued by the ARMLS staff, presumably for PR purposes.

3. Those reports omit many categories of residential listings, presumably to make the summary fit on a single page.

4. The three columns of Ms Averett’s analysis that buttress her claim — New Listings, Delisted, and Ratio Sales/Delisted are not obtained from these summary reports. There may be some other source, but they’re not in the ARMLS reports — at least not in those I looked at.

5. As has been demonstrated by four Phoenix-area Realtors working independently but directly in the ARMLS system, Ms. Averett’s contentions about the months of November and December of 2005 and January of 2006 are not only false, they bear no resemblance to reality at all. I have also demonstrated that her contentions with respect to the same months one year earlier are also false.

6. Given that the methodology she deploys is dubious at best, and probably completely devoid of meaning, it seems reasonable to surmise that all of the rest of her claims with respect to ARMLS are also false. This is not to imply that the ARMLS system is fault-free, but simply that the fault Ms. Averett claims to have identified does not exist. She does not understand the ARMLS system well enough to make any sort of informed statement about it.

7. The other weblogging Phoenix-area Realtors copied above may have more to add as they peruse Ms. Averett’s work product. John L. Wake surmised from the beginning that Ms. Averett was working from ARMLS-issued summaries rather than directly from the database.

8. My Read more

Trade or trade shows? The business of real estate is transacted face-to-face . . .

The RE.net is abuzz about this week’s Inman’s Real Estate Connect in New York, but the coming week owns an embarrassment of trade show riches.

Also on tap this week: The Consumer Electronics Show in Las Vegas.

And, best of all: The Macworld Conference and Expo in San Francisco.

These are all basically vendor shows, despite the hype — or, rather, in support of the hype. The big news will come from Apple, of course, and much of the ‘news’ coming out of the other two shows will be fun to make fun of. I get no end of mileage out of the goofy crap corporate weenies try to foist off on long-suffering Realtors.

We’ll be here, taking it all in, of course. But mainly we’ll be here working. This is the first selling weekend in the New Year. We’re showing. We’re listing. And we’re not wasting the precious time of a finite life. Fun is fun, and, of the three trade shows, I’d probably pick CES — just to be in Vegas. But I don’t go even a little bit North in the Winter, and, in any case, the business of real estate brokerage is not transacted at trade shows…

Further notice: A much-expanded version of this is posted at Inman Blog.

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Think globally, blog locally: If you want local leads from your real estate weblog, pursue local interests . . .

BloodhoundBlog tends very strongly to cover news and views of interest to real estate professionals nationwide. And — guess what? — our audience, by an overwhelming majority, consists of real estate professionals nationwide.

Here’s the bad news: If you have a real estate weblog, the chances are excellent that your objective is to attract interest from buyers and sellers in your local market. But — guess what? — your audience, by an overwhelming majority, very probably consists of real estate professionals nationwide.

Why should this be so?

There are three reasons:

First, the permanent audience for real estate weblogs consists of real estate professionals all over the country — all over the Anglosphere, really, those countries most strongly influenced by the English language, its customs and traditions.

Second, to the extent that consumers are finding your real estate weblog by long tail search terms, they are evanescent — fleeting. For one thing, their interest in buying or selling a home has a limited time window; when they’re done, most of them are done for a long while. And, for another, they’re flitting in and out from Google just as you do, when you’re searching for something on-line.

But third, and most importantly, you don’t have a local audience because you are not cultivating a local audience.

This year portends to be the Year of the Locality in real estate weblogs. Active Rain is starting a new site call Localism.com, which is to be devoted to engendering very high long tail organic search engine rankings for locality and neighborhood-level keywords. MyHouseKey.org, to debut this week, is pursuing the same strategy.

These are not awful ideas, but they’re not great, either. As with your current conundrum, a long tail searcher is apt to be ephemeral, landing on and lasting at your weblog only an instant.

The better plan, I think, is to get local consumers to come and stay, to come and come back, to favorite your weblog, to — O, holy of holies! — blogroll your real estate weblog.

I have two ideas on how to do this, one great and one insanely great. I’ll share the great one, but my Read more

Avoiding a close shave with Occam’s Razor . . .

Dale Gribble: You see, what they do is, they send everyone from the MLS office home early on Christmas Eve.

Then they go in and edit thousands of records.

That makes things look good when they’re really bad, get it?

Then they call Twist and fool her with the false information.

Then they change all those thousands of records back, before anybody has a chance to notice.

It’s a sinister and diabolical plan, faultlessly executed every year!

It might sound like a lot of trouble, but it’s nothing compared to what they went through to fake the Zapruder film!

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BloodhoundBlog’s Brian Brady hosts Phoenix-area webloggers forum

About twenty Phoenix-area webloggers, many of them Active Rain participants, attended a real estate weblogging forum hosted today by BloodhoundBlog weblogger Brian Brady at the Phoenix Public Library in Downtown Phoenix.

Today’s event was a sort of get-acquainted meeting, with the attending bloggers introducing themselves and talking about their weblogging experiences and marketing goals. Brady anticipates coordinating events like this on a quarterly basis.

Cathleen Collins and I were there, along with Jay Thompson, The Phoenix Real Estate Guy and Jonathan Dalton. In a perfect expression of the weblogging ideal, Jonathan already has an excellent post up on the event.

One of the things I spoke about, and promised to elaborate on in a post, is the push toward local content, local interest, and, especially, local inbound links. I’ll write that up over the weekend.

Afterward, Brian, Cathleen and I spoke at length about Big Picture issues relating to real estate weblogging. One thought we had was to emulate the Bloginars held in Seattle and other cities by Dustin Luther and Russ Cofano of Rain City Guide. No promises — life is short — but a turnout of twenty people today was impressive — in a city that is home to thousands of Realtors…

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Uptown hound: BloodhoundBlog to contribute to Inman Blog . . .

Jessica Swesey at Inman Blog has invited webloggers from six real estate weblogs to contribute posts to Inman’s real estate blog. Our initial post is a summary of my thoughts on MGM-Mirage’s Project City center in Las Vegas.

Going forward, I will be highlighting other great posts from BloodhoundBlog’s star-studded roster of contributors. Think of it as a sort of daily Carnival of BloodhoundBlog.

This is a great honor for us, of course, and, in recognition of this, I think I should hustle Odysseus off to the groomer…

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