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    Am I falling into their trap?

    May 18th, 2008

    When Zillow burst onto the scene some two years ago, I was, like many in the real estate business, skeptical about the website. Now, as the dust begins to settle, I’m finding that I kinda like the site.

    Zillow is Cool!

    The initial reaction of many Realtors, myself included, was very fearful towards Zillow for a couple of reasons.

    1. The obvious concern was that their Zestimates were going to provide unrealistic expectations for consumers who believe that everything they read on the web is true.

    And the truth is yes, I’ve dealt with both buyers and sellers who were more inclined to trust the mechanical valuation process of the website than they were my professional advice. Of course, they only lean that way when the Zestimate is in their favor (nobody ever says, “Tom, let’s lower our asking price. I saw it on Zillow.”)

    Read the rest of this entry »


    Your Agent’s New Killer App for Real Estate Marketing

    December 19th, 2007

    I can remember back in 2002 being implored by Mike Fanning, Windermere VP of Technology at the time, to invest in a digital camera. The idea was that as a modern real estate agent I would have the ability to snap digital photos of a listing for upload to the MLS or (this was really hot) a custom Windermere photo gallery.

    It’s true. Just about five years ago not everyone had a digital camera, and not every listing on the MLS had a picture.

    Video for Real EstateThen I can remember, a couple of years ago, standing in front of a group of Windermere agents imploring them to put away their digital cameras and hire a professional photographer. We had gotten to the point where a few snapshots weren’t enough. With the rate at which buyers were searching properties on the web, we had to make a great presentation on-line.

    And then yesterday, at our last office meeting of the year, I handed down a new directive: embedded video.

    Face it, you’re already there. How annoyed do you get anymore at a web page that requires you to actually read big blocks of text in order to get the information you’re looking for? (Like this one!) Video is the new killer app on the web. Why do you think those YouTube guys are gazillionaires? Read the rest of this entry »