There’s always something to howl about.

Category: Blogging (page 52 of 84)

Going local? Why not go hyper-local?

Todd Carpenter at Inman News Blog:

A real estate agent’s idea of local my not be local enough. I mean really local. Not a state, not a metro area, not even a single city. Go hyper-local. Every real estate agent should have a prospect farm. You mail out newsletters to just these people. You focus much of your market analysis on the neighborhood. You might even walk each block, introducing yourself door to door. But hardly any agents bother to put that commitment online. Why? Doesn’t make sense to me. I’ve personally reviewed over 400 real estate blogs over the last couple months. Only a handful of them attempt to do this. I look at most real estate sites and see an all inclusive catch all net for Internet fishing. Thats a strategy that works for now, but why not take advantage of the unused Web hosting bandwidth you are renting to build a separate, hyper-local Web site or blog for your marketing area? The alternative is to let people from out of town, who know more about html code than real estate, set up as your competition.

I have at least three more killer ideas to explore on this subject, one good, one great and one insanely great. If you’re not playing along at home, there’s still plenty of time to get in the game.
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Rocking the boat for fun and profit: Introducing Morgan Brown

We’re adding another contributor this morning: Morgan Brown, a lender from Orange County:

Morgan Brown is a mortgage banker and broker in Irvine, CA. He enjoys reading and blogging, and he is on a personal mission to change the public perception of the mortgage industry through honesty — even if it kills him.

If you visit Morgan’s personal weblog, you’ll see that he is a man in deep earnest about reform in the mortgage lending industry. I’m a believer, and yet I know from first-hand experience that bearding the lions of the old guard is very effective as a marketing strategy. Plus which, it’s fun.

Realtors are not immune from the charge of being Pollyannas, so for quite some time I’ve been interested in entertaining a voice from The Dark Side, as it were. I’m not accusing Morgan of being dour — very much the countrary — but he will certainly bring us a take on the news you won’t hear from our other contributors.

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Scale your locally-focused real estate weblog down to the size of a good time. Why? Because there’s no place like home . . .

Teri has a weblog. It’s just a prototype for now. She’s shopping for theme so that we can make something truly unique and Daytonacious. I am by now at the point where I can set up a WordPress weblog in my sleep, which is lucky because, with 23 hosting accounts still to be moved, that on top of the normal crush, I’m not sleeping very much.

Teri already owned the domain, so all I had to do was redirect the nameservers to our new semi-dedicated file server. I keep a standing folder of WordPress-the-way-I-like-it on my desktop, so I copied that in, created the database, plugged the files into the database and — Eureka! Done.

A lot easier to say it than to do it, for most of us. My experience this weekend taught me a new trick, and this is strictly for the propeller-beanie set: If you have a certain way of setting up WordPress weblogs, you can save yourself the effort of setting your preferences with each new installation. Here’s how: Get a prototypical weblog set up the way you like ’em — settings, plug-ins, the works — then save a back-up of that set-up to your hard disk along with all your set-up files. When you make a new clean installation, inherit that backup into your new database. The new install will be a mirror of your prototype, fully-formed and fully-armed.

If you’re a propeller-wanna-beanie, Dave Smith of The Real Estate Blog Lab has prepared a step-by-step tutorial on setting up a WordPress weblog from scratch.

But: That’s really the easy part. In my view, the hard part of setting up a locally-oriented real estate weblog is scaling things down to what Robert Mosescalled “the size of a good time.” Moses built Jones Beach, among many other enormous masterpieces, but he was always aware of the small touches that would make people feel at home within his immense vision.

So what are we looking for? Hmmm… There’s no place like it, and, when you go there, they have to take you in…

We’re looking for home, of course. If I could lay one blanket Read more

The potentially-canonical list of real estate weblogs grows to a respectable level of inadequacy

The potentially-canonical list of real estate weblogs has grown again. I tend to maintain it daily in my own surfing, but I’ve been dealing with emailed additions in batches. I keep meaning to have Cameron write a form to streamline that process. In any case, look it over when you have a chance. I need to hear from you in any one of three circumstances:

  • A weblog should be on the list but isn’t
  • A weblog is on the list, but its details are in error
  • A weblog is on the list but shouldn’t be — it’s dead or a splog

There are 231 weblogs on the list right now, but I’m sure I’m missing dozens more.

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“If you make great stuff, people will find you”

Seth on SEO shortcuts:

The author said you should make sure that the keywords and title are perfect and limit outbound links so that you can be sure that people will only do what you want them to. Others spend time studying the algorithms of Google and Yahoo to figure out the very best way to jump ahead in the rankings for their blog or corporate site. Is it reciprocal links or careful metatags? What if I create some sort of ring so that the  spider won’t realize the scam?

Hey. It’s not so hard. If you make great stuff, people will find you. If you are transparent and accurate and doing what’s good for the surfer, people will find you. If you regularly demonstrate knowledge of content that’s worth seeking out, people (being selfish) will come, and people (being generous) will tell other people. It turns out that it’s easier and faster to do that than to spend all your time on the shortcuts.

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We’re on the move: If you add a comment tonight, it will probably be lost

I have what I need to start moving BloodhoundBlog. Once I’ve posted this message, I will be backing up our MySQL database to get it ready to move. The weblog may continue to seem to work for the next few hours, but any changes made to the database — any new comments — will not be carried over to the new server. I expect to have everything back up by around 4am MST. I will post an amendment to this post when we are back to normal.

For now: Go to bed. In six hours or so, I’ll to the same.

 
We’re back! I thought I had everything about two hours ago, but I found a problem with some high-order characters that I had to fix by hand. “Ask the Broker” is acting flaky, but I’m hoping that’s DNS related. Let me know if you see anything broken.

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Silly Stuff I Wanted to Share

Just ran across this and saw at once it needed to be shared. It is called Scottsdale Sucks. Albert Einstein smallerThis one is called World’s Worst Websites. I’ve spent hours having fun looking at all the various links from this site. To me, some of the sites were laugh out loud funny. This one is called, The Best Page In The Universe. He says, “This page is about me and why everything I like is great. If you disagree with anything you find on this page, you are wrong.”

So when you want to spend a little time on something that has the charm of deliberate nonsense, try one of these.

I am hoping to win both the Cheez- Whiz AND the Weenie award.

Building a better dog house for BloodhoundBlog: One down, dozens to go

I have successfully migrated a hosted domain with a working WordPress weblog to our new host. I’ll do two or three more for practice. If all goes well, tomorrow late we’ll move BloodhoundRealty.com and BloodhoundBlog with it.

For what it’s worth, the preliminaries were all kind of tricky and exacting, but the denouement was almost an anti-climax. Wicked simple, and everything just worked. Could be beginner’s luck, but I have plenty of opportunities to gain experience.

More news when I have a more elaborate plan.

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How are you gonna bind ’em down to a listing contract when Iggy’s doing your deal for free?

Should we say goodbye to the half-assed listing? Mike Price:

Today Buyside has announced an ABA, (affiliated business arrangement) whereby any homeowner can list a home in the MLS free of charge. It’s called IggysHouse.Com. Interesting branding, I couldn’t find anything on their site that explained the moniker. Could be they just got tired of searching for decent real estate domains, there aren’t too many left out there.

I went and looked for myself. Here is the Iggy coverage area:

Dark green states: Now. Light green states: Soon.

The site sells yard signs, lock boxes and forms, but not at huge premiums. I’m not going to fill out a listing to find out what happens, but my guess is that the end-user is doing every bit of the work for the MLS entry and the supplemental Do-It-Yourself web page with additional photos.

The Iggy people are promising listings on Realtor.com as well. As we have learned, Realtor.com listings do a lot better when they have virtual tours, so Mike might offer to make a video podcast at an extra cost, using PBS-style pan and scan video from the user-supplied photos.

Does this matter? In the age of the $99 listing, probably not so much. I truly don’t understand why there are any FSBOs left in the marketplace. If this doesn’t eat up the few holdouts, I’ll be amazed.

Interestingly, IggysHouse is evidently owned by BuySideRealty.com, which, apparently, hopes that, by giving away 100% of the listing commission it can cling to a whopping 25% of the buyer’s agent’s commission.

Are they daft?! No — they’re lenders. BuySideRealty is a lead-generation scheme that uses the real estate side of the transaction to rope in mortgage borrowers. And how much do lenders make? Just as much as they want to…

This is really quite a bit smarter than Redfin.com. They exploit the de facto “commons” in the traditional commission split, taking the buyer’s agent’s fee without doing the buyer’s agent’s job. BuySide is operating real estate brokerages as a loss-leader, to generate mortgage business.

Of the two, BuySide’s is the business model more likely to make a profit, if only because it has Read more

Avoid Being the Greatest Fool

The greater fool theory is simply this: Even if doing X doesn’t make sense, there is always someone dumber than me I can sell X to. Replace X with inflated real estate, sub-prime mortgages, stocks, garage sell junk, etc. This is the crux of bubble thinking. The major problem with this theory is that someone is always the greatest fool. It may not be you this time, but keep playing Russian roulette with deals that don’t make sense and it will be.

I learned of the greater fool theory first hand as an undergraduate in college. In the bubble year of 2000, I started my first online stock trading account with a hard earned $2,000 from my summer internship. I had a run of success you would not believe with a very simple (and very stupid) strategy. The strategy: watch what Internet firms report positive earnings, and then buy. Obviously I didn’t have a good concept of a DCF model or really understand what a P/E ratio was, but I did know that I was making a killing. In a matter of weeks I was almost up to $20,000.

Little did I know that I was simply profiting off the greater fool theory. Every stock I was investing in was insanely overvalued. With no real fundamental values to hang their hat on, the stocks in my portfolio fell as quickly as they rose. When all was said and done I had less than $500. I went from hero to goat in a matter weeks, wondering where I went wrong.

I am sure most seasoned investors have a similar war story. However, most new investors feel invincible. The problem with most new investors is that they have not gotten caught up in the frenzy of investing. It’s something akin to lemmings, when investors continuing buying even though they know there is no justification for their high valuations. Eventually, the first lemming falls off a cliff (sub-prime lending perhaps?) with the others soon to follow.

The question is why so many investors lose their grasp on the fundamentals? The irony is that it is usually fear of Read more

Peering into the future of The Future of Real Estate Marketing

What’s the future of The Future of Real Estate Marketing? Last Friday, Joel Burslem announced that he is taking a job as a marketing wizard for Inman News:

I’m happy to announce I will be joining the nice folks over at Inman News, as of March 26. I will be joining them to help steer some of their social media projects as well as drive marketing to their popular semiannual Connect Conferences.

So will The Future of Real Estate Marketing be a thing of the past? Not so, says Burslem:

I prefer to keep it simple. I’m just going to keep checking out new real estate web sites and technologies and writing about them. That’s what’s fun for me.

FoREM was never really built as a business in mind. It was always just my corner of the web where I could post my thoughts on technology and real estate. It’s fun for me, it’s my hobby, a passion I guess – I’d rather spend my evening checking out some new web site than watching TV, that’s for sure. And, I don’t plan on stopping anytime soon!

Honestly, I can’t say where it’ll be in a year, two years etc. but then again who can? I plan on more of the same for the foreseeable future.

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Neighborhood-level real estate weblogging: Traffic is not about traffic, traffic is about conversions

I’m quoting from comments to BloodhoundBlog posts, so I’m not going to show the links.

Brian Brady to Teri Lussier: “Soon she’ll be winning carnivals.”

Not to put any pressure on the girl, but I think this is a fine idea. Won’t win us the contest, but it’s a testament of excellence that’s kind of difficult to dispute. I like stuff like that.

John L. Wake: “Have you ever noticed that a common strategy used by many successful Realtors is to become an area specialist?”

But exactly! I don’t know how large or small an area Teri wants to work (or you want to work, for that matter), but it pays to think small. For now, Cathy and I target a very small region of Downtown Phoenix, but the neighborhood names that pop out of that are legion: F.Q. Story, Willo, Encanto, Palmcroft, Del Norte, Alvarado, Campus Vista, Ashland Place, Fairview Place, Woodlea, Yaple Park. Believe it or not, that’s only about half.

But we can get even smaller. If you search for Culver Street, the first two hits should be us. There are other streets down there for which we will pull very strong results, and, in the long run, we will tend to be category-killers for the names of the streets we list on.

Isn’t that the opposite of what I said the other night? Yes and no. We are looking for Long Tail search results on very arcane search terms, but our objective is not to capture random leads but to attract, enchant, delight, enlist and convert people who have a very strong interest in those same arcane search terms. How do we know they have a very strong interest? Because they’re searching for terms no one with a casual interest would ever use.

“Phoenix real estate” or “Dayton real estate” are difficult keywords to dominate, but neither would be all that useful, anyway. The Greater Metropolitan Phoenix-area is bigger than Rhode Island, maybe bigger than Vermont. I have to drive to make money, but I don’t get paid by the mile.

There’s more: By focusing Read more

We’re buying a new dog house — not a moment too soon

From appearances — I haven’t called — why bother? — GoDaddy swapped servers on us last night at around midnight. I know this conjecturally because we lost around five hours of posts and comments. Only one post, which I replaced this morning, but six comments that I know of, possibly more.

If you posted a comment last night between 7:18 pm and midnight, MST, it’s gone with my regrets. Jason Benesch, Jillayne Schlicke, Jeff Brown and Loren Nason I know for sure were affected, because those four came to my email for one reason or another. I’m not sure what else was lost.

Again, please accept my apologies for these hiccoughs. Cross your fingers, they’ll be over for good very soon.

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Server issues: A quarter-gator to go . . .

I ended up buy a fourth of a file server at HostGator.com. I spent some time this afternoon looking at our disk space and bandwidth needs, and this is more than adequate for now. At some point we may have to move up to a true dedicated file server (which is what I was planning to do at GoDaddy), but this suits me better for now, if only because I won’t have to be my own sysadmin.

I’m waiting for the booger to be set up now. Once it is, I’m going to move one or two hosted accounts over to see how things go. We control 66 domains right now, but only about half of those are hosted. The rest, like BloodhoundBlog.net, are redirected to hosted accounts. In any case, in addition to BloodhoundBlog, we have four hosted accounts with WordPress weblogs on them, so I’ll be able to practice moving WordPress installations before I have to move the big dog.

Right now, I’m aiming for late Saturday night. Things could change, but I’ll give plenty of advance warning. We’ll certainly be down for some amount of time as Domain Name Servers around the globe take note of our new IP address. With luck, it won’t be a very long time.

And: This little problem sucked the marrow right out of my day. On the plus side, as soon I am able to play with the new host, I can start moving sites. The GoDaddy-hosted sites are all pre-paid, but a bunch of them are coming due shortly, with eggs hatching in succession thereafter. Smaller, low-bandwidth sites have never been a problem, so I’ll move them as I can.

But think about new sites. I control a quarter-server with unlimited domain hosting. Every new site we build will be hosted “for free,” as a part of our overhead costs. Moreover, Teri Lussier just saved a bunch of money: We can host her to-be-built weblog “for free.” Right now, we spend about $43 a year for a new single-property weblog. As of tonight, that cost is around $7.50 a year, the discounted cost of the Read more