{"id":6450,"date":"2009-01-04T21:13:28","date_gmt":"2009-01-05T04:13:28","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=6450"},"modified":"2009-02-28T08:38:23","modified_gmt":"2009-02-28T15:38:23","slug":"filters-arent-just-for-coffee","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6450\/filters-arent-just-for-coffee\/","title":{"rendered":"Filters Aren’t Just for Coffee"},"content":{"rendered":"

As I take stock of 2008 and move into 2009, I’ve decided to\u00a0 develop and implement a strategy for transforming my business moving forward.\u00a0 I’ve settled on a theme for this year – creating, delivering and leveraging knowledge.<\/p>\n

My goal for 2009 is to become a better filter.<\/p>\n

I want to become an expert filter – more importantly, be recognized as an expert filter – transforming information into knowledge.\u00a0 I had a very interesting conversation this morning with a client regarding the state of the current real estate market in Chicago.\u00a0 After three attempts of getting several properties under contract, my client and I finally succeeded in getting a deal together.\u00a0 We visited the unit again this morning.\u00a0 After seeing the unit, I sensed his apprehension when talking about next steps.<\/p>\n

He wants to renegotiate the price now after having the property under contract.\u00a0 He’s been actively reading on the blogs that prices are continuing to fall in the US – he cited Case Shiller’s recent price decline of 18% as the reason why he should pay even less than our negotiated price.<\/p>\n

This became a real example of why information is not knowledge<\/a>.<\/p>\n

I became a filter – he was not really aware that the indicator, often touted in daily news sound bites about the ailing US real estate market, was actually an aggregated statistic for 20 metro areas in the US – Chicago faring slightly better at alittle over 10% decline since the same period last year.\u00a0 To drill even deeper, the indicator measures single family home prices, not condos .\u00a0 The decline hasn’t impacted every neighborhood equally.\u00a0 Perhaps more importantly, we have spent the past 5 months searching for properties in four different neighborhoods within the city.\u00a0 The process was an eye-opening experience for him – he learned that while inventory was plentiful, there were only a handful of properties actually worth buying.<\/p>\n

While I am not keen on resolutions, I have decided to spend less time listening to the 24 hour, continuous coverage of catastrophe that our news has become.\u00a0\u00a0 Without the proper context and filtering, consumers are simply mis-educated and misinformed regarding Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As I take stock of 2008 and move into 2009, I’ve decided to\u00a0 develop and implement a strategy for transforming my business moving forward.\u00a0 I’ve settled on a theme for this year – creating, delivering and leveraging knowledge. My goal for 2009 is to become a better filter. I want to become an expert filter […]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,19],"tags":[],"class_list":{"0":"post-6450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","7":"category-technology","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10695,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10695\/from-the-files-of-captain-obvious-five-fundamental-real-estate-business-truths\/","url_meta":{"origin":6450,"position":0},"title":"From the Files of Captain Obvious: Five Fundamental Real Estate Business Truths","author":"Teri Lussier","date":"December 23, 2009","format":false,"excerpt":"I\u2019ve been given the gift of time in 2009 and looking back and looking ahead, I see some obvious truths about the real estate business. Some of these are based on mistakes I\u2019ve made, but as long as we learn from them, I\u2019m okay with sharing.","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10874\/internet-conversion-for-the-real-estate-solopreneur\/","url_meta":{"origin":6450,"position":1},"title":"Internet Conversion For The Real Estate Solopreneur","author":"Brian Brady","date":"January 15, 2010","format":false,"excerpt":"Renee Burrows is a real estate agent in Las Vegas whom I respect.\u00a0 I met Renee through Active Rain and have visited with her and her family when they visit Pacific Beach in the summers.\u00a0 I've watched her develop from an agent who was struggling with the down Vegas market\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6456,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6456\/niche-marketing-a-different-kind-of-blog\/","url_meta":{"origin":6450,"position":2},"title":"Niche Marketing- A Different Kind Of Blog?","author":"Stephanie Edwards-Musa","date":"January 5, 2009","format":false,"excerpt":"Well, I'm guilty of thinking again.\u00a0\u00a0 My mind wanders thinking of ways to do things differently-actually, a way to do things better, which brings questions, and then getting lost a little bit. My blog, if you remember, is a pretty narrow niche in that I write about Green Real Estate.\u2026","rel":"","context":"In "Project Blooodhound"","block_context":{"text":"Project Blooodhound","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/project-blooodhound\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/289\/detailing-the-mechanics-of-the-redfin-cost-shift\/","url_meta":{"origin":6450,"position":3},"title":"Detailing the mechanics of the Redfin cost shift . . .","author":"Greg Swann","date":"September 5, 2006","format":false,"excerpt":"Taking on the New York Times' fawning coverage of Redfin.com, Jim Kimmons at Transforming Real Estate details the details behind the cooperation\/compensation model of real estate brokerage:The contention that the listing agent should be pleased to show an \"eager buyer\" the home when they come with no agent is just\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13318,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13318\/lorena-bobbit-part-time-hairdresser-and-real-estate-agent\/","url_meta":{"origin":6450,"position":4},"title":"Lorena Bobbit: Part Time Hairdresser and Real Estate Agent","author":"John Rowles","date":"September 30, 2010","format":false,"excerpt":"I am at the Council of MLS's meeting in Chicago on behalf of a client, and it is surreal. How is it possible, in the age of Craigslist, that it takes this many people to manage a relatively straightforward database? I just watched Stefan Swanepoel tell the MLS people, to\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":998,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/998\/busted-two-thousand-mug-shots-at-technoraticom\/","url_meta":{"origin":6450,"position":5},"title":"Busted! Two thousand mug shots at Technorati.com . . .","author":"Greg Swann","date":"February 6, 2007","format":false,"excerpt":"Pinched. More beef. Technorati it going to take is all back.To dissuade chain posts from submerging your voice in their dilutative effects, we've updated our indexing systems on an experimental basis to filter out links of this nature. 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