Comments on: The end of the real estate story? http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html Turn On Fri, 12 Mar 2010 04:02:32 -0800 http://wordpress.org/?v=2.9.2 hourly 1 By: Knuckleheads beware: Real estate is changing | 1000Watt Consulting http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-8282 Knuckleheads beware: Real estate is changing | 1000Watt Consulting Thu, 04 Feb 2010 17:19:15 +0000 http://www.1000wattconsulting.com/?p=1638#comment-8282 [...] I’ve thought this for a while now. Because looking back over my thirteen years in this industry, it’s hard to identify fundamental change. [...] [...] I’ve thought this for a while now. Because looking back over my thirteen years in this industry, it’s hard to identify fundamental change. [...]

]]> By: James Canion http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-6843 James Canion Mon, 14 Dec 2009 17:47:16 +0000 http://www.1000wattconsulting.com/?p=1638#comment-6843 The change is well underway. Technology has allowed any<br>intelligent,hard working agent to provide services that<br>originate and reside in a handheld device that more <br>than replaces the brokers office of the past. The only<br>real issue is being able to afford these wonderful <br>devices with their apps that keep improving almost each<br>day.The broker of the future will offer these tools <br>at an affordable cost and provide an environment that supports the agent and not just generates profits. The change is well underway. Technology has allowed any
intelligent,hard working agent to provide services that
originate and reside in a handheld device that more
than replaces the brokers office of the past. The only
real issue is being able to afford these wonderful
devices with their apps that keep improving almost each
day.The broker of the future will offer these tools
at an affordable cost and provide an environment that supports the agent and not just generates profits.

]]> By: free real estate web 2.0 blogs http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-5054 free real estate web 2.0 blogs Sun, 05 Jul 2009 07:27:35 +0000 http://www.1000wattconsulting.com/?p=1638#comment-5054 When it comes to web real estate, you could say the same thing: location, location, location in search engines. Organic real estate on the web refers to the positioning your website has on the web landscape. When it comes to web real estate, you could say the same thing: location, location, location in search engines. Organic real estate on the web refers to the positioning your website has on the web landscape.

]]> By: the white agency estate agents http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4815 the white agency estate agents Wed, 20 May 2009 13:27:41 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4815 <strong>the white agency estate agents...</strong> ...Just another manic Wednesday, yes I know! Not the best lyric in the world, buts that’s the way it looks today, thanks for the insight I was looking for the white agency estate agents and found My MLS is broken. — The San Diego Home Blog.What a g... the white agency estate agents…

…Just another manic Wednesday, yes I know! Not the best lyric in the world, buts that’s the way it looks today, thanks for the insight I was looking for the white agency estate agents and found My MLS is broken. — The San Diego Home Blog.What a g…

]]> By: Jesse Bilsten http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4738 Jesse Bilsten Tue, 12 May 2009 20:06:06 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4738 Very interesting take on the industry. I can't help but think that a lot of this change will happen when the generation that pioneered a lot of this Real Estate game starts to pass the reins over to the Web 2.0 generation. Yes, 85% of the homes may be sold by a REALTOR, but how many REALTORS make that sale? Are 900 out of 90,000 REALTORS selling all the property? Or has it leveled out now? With more accessibility to data I would think we should see a leveling out of number of homes sold per agent. The amount of work required to sell a home should also come down as it is no longer up to the agent to show a ton of homes to the buyer. Instead the buyer is researching homes before they ever find an agent. Work less, make a bit less and are we in the same place we were in 1993? Maybe... but statistics can say whatever you want them to say. I'm more interested in the "Freakonomics" side of the Real Estate business. What's under the covers that NAR doesn't want us to see? What is changing and what could those changes be a catalyst for? Very interesting take on the industry. I can’t help but think that a lot of this change will happen when the generation that pioneered a lot of this Real Estate game starts to pass the reins over to the Web 2.0 generation.

Yes, 85% of the homes may be sold by a REALTOR, but how many REALTORS make that sale? Are 900 out of 90,000 REALTORS selling all the property? Or has it leveled out now? With more accessibility to data I would think we should see a leveling out of number of homes sold per agent. The amount of work required to sell a home should also come down as it is no longer up to the agent to show a ton of homes to the buyer. Instead the buyer is researching homes before they ever find an agent.

Work less, make a bit less and are we in the same place we were in 1993? Maybe… but statistics can say whatever you want them to say. I’m more interested in the “Freakonomics” side of the Real Estate business. What’s under the covers that NAR doesn’t want us to see? What is changing and what could those changes be a catalyst for?

]]> By: A “Real Estate Story” Wakeup Call | The You Factor http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4719 A “Real Estate Story” Wakeup Call | The You Factor Mon, 11 May 2009 21:48:28 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4719 [...] Chapter” was in response to a post written by Brian Boero of 1000watt Consulting entitled, “The end of the real estate story?”  Why do I feel the need to give you all of the information on where this info. came [...] [...] Chapter” was in response to a post written by Brian Boero of 1000watt Consulting entitled, “The end of the real estate story?”  Why do I feel the need to give you all of the information on where this info. came [...]

]]> By: Michelle Berry http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4683 Michelle Berry Wed, 06 May 2009 15:04:37 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4683 I'm jumping into this one late...but I have to throw my two cents in. I'v been a licensed broker in Portland, OR, for 5 years. My licensing required 120 hours, and 30 hours of CE every two years. Here in Portland there seems to be a widening gap between the old school agents and the new. The old agents are very ego-centric (platinum diamond multimillion president's cirle) while the new agents are very client-centric and education oriented(service with a smile). I recently switched brokerages. I left a very old school independent brokerage modeled after the franchise companies for a newer, younger more progressive also independant company. Good example of the difference, the old office many of the agents still carried pagers or even still used their home phone as their business phone. New office, we all have smartphones. I will never pay a franchise fee because I've found that a well-known brand name really only helps you get in the door, but if the potential client doesn't feel that you understand their needs or can't trust you or is feeling "sold", your done. We are in a "people" business, not a property sales business. In that regard there will always be the personal engagement element of our business. But even my baby boomer and older clients, dig it when I can whip out my phone or laptop and get information or communicate instantly. My 20-something clients demand/expect it. I also feel that consumers in general want better quality face-time with the professionals they work with, because of the prevalence of the internet in day to day life. So not only do agents have to rachet up their tech capabilities, they also have to polish their personal skills if they expect to be competitive. I’m jumping into this one late…but I have to throw my two cents in. I’v been a licensed broker in Portland, OR, for 5 years. My licensing required 120 hours, and 30 hours of CE every two years. Here in Portland there seems to be a widening gap between the old school agents and the new. The old agents are very ego-centric (platinum diamond multimillion president’s cirle) while the new agents are very client-centric and education oriented(service with a smile).

I recently switched brokerages. I left a very old school independent brokerage modeled after the franchise companies for a newer, younger more progressive also independant company. Good example of the difference, the old office many of the agents still carried pagers or even still used their home phone as their business phone. New office, we all have smartphones.

I will never pay a franchise fee because I’ve found that a well-known brand name really only helps you get in the door, but if the potential client doesn’t feel that you understand their needs or can’t trust you or is feeling “sold”, your done. We are in a “people” business, not a property sales business. In that regard there will always be the personal engagement element of our business. But even my baby boomer and older clients, dig it when I can whip out my phone or laptop and get information or communicate instantly. My 20-something clients demand/expect it.

I also feel that consumers in general want better quality face-time with the professionals they work with, because of the prevalence of the internet in day to day life. So not only do agents have to rachet up their tech capabilities, they also have to polish their personal skills if they expect to be competitive.

]]> By: The Real Estate Story Awaits the Next Chapter - The Notorious R.O.B. http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4651 The Real Estate Story Awaits the Next Chapter - The Notorious R.O.B. Fri, 01 May 2009 02:20:50 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4651 [...] Boero of 1000watt recounts a dinner conversation and throws down some challenging questions and assertions: This particular debate centered on the following [...] [...] Boero of 1000watt recounts a dinner conversation and throws down some challenging questions and assertions: This particular debate centered on the following [...]

]]> By: The Real Estate Story Awaits the Next Chapter « The Notorious R.O.B. http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4613 The Real Estate Story Awaits the Next Chapter « The Notorious R.O.B. Sat, 25 Apr 2009 01:02:59 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4613 [...] brokerage model?, non-commodity goods, purchase cycle, Utah Dave by -Rob Brian Boero of 1000watt recounts a dinner conversation and throws down some challenging questions and assertions: This particular debate centered on the following [...] [...] brokerage model?, non-commodity goods, purchase cycle, Utah Dave by -Rob Brian Boero of 1000watt recounts a dinner conversation and throws down some challenging questions and assertions: This particular debate centered on the following [...]

]]> By: Friday Blog Scan: Things We Liked from the Week That Was | Clean Slate | Better Homes and Gardens Real Estate http://www.1000wattconsulting.com/blog/2009/04/the-end-of-the-real-estate-story.html/comment-page-1#comment-4610 Friday Blog Scan: Things We Liked from the Week That Was | Clean Slate | Better Homes and Gardens Real Estate Fri, 24 Apr 2009 14:32:30 +0000 http://www.1000wattconsulting.com/?p=1638#comment-4610 [...] from 1000wattconsulting takes a peak at real estate past and present. He wonders if we have reached the end of the real estate story or not. This is a riveting post worth [...] [...] from 1000wattconsulting takes a peak at real estate past and present. He wonders if we have reached the end of the real estate story or not. This is a riveting post worth [...]

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