Archive for the '4realz' Category
5 Tips For The Brave Soul Considering Real Estate Sales As a Career
April 29th, 2008 Categories: 4realz, Active Rain, Blogging Tips, Real Estate Technology, SEO Tips, social networking optimization, twitter
What are your three tips to someone wanting to become a real estate agent today?
Hi Im Rudy at Trulia, a social media guru, inspired this post with a question on Twitter last week.
My initial reaction was ‘Why would anyone want to enter the real estate sales industry today?’ but the prevailing thought became: It would be a great time to enter if you knew how to play the game with new rules and better tools.
The information below is nothing new to the experienced re.net professional, it’s meant to be a simple guide to help a new agent put their feet in the re.net pool without inundating them with too much information.
Study, Subscribe, Crowd Source, and otherwise increase your Social Networking Optimization Skillz.
Read the real estate sites indexed in my re.net tab (for starters). Look for other sites of interest from their blogrolls. Commit your favorites to an RSS Reader and read them like the daily newspaper. Track the latest news, trends and general pulse of the online real estate and mortgage community. If someone writes a post that inspires a question, comment thoughtfully and you’ll likely gain some influential friends along the way.
Once your social base membership increases you will be able to crowd source for information better than any search engine can provide. What is crowd sourcing? Leveraging mass collaboration amongst human beings to further ones knowledge and experience levels.
Enroll in social networks like Active Rain, Twitter, Facebook, and LinkedIn, doing so is a well guided, relatively easy process. If you get stuck ask someone in the community for help, there’s a high degree of altruism in these spaces.
It’s easy to get a little crazy joining new social networks, it gets even crazier trying to keep up with them all, so choose where you’re going to spend your time carefully. The communities I mention have all yielded positive returns in exchange for my time spent ‘in’ them.
Active Rain. The #1 social network for real estate and mortgage professionals. If the community does nothing else it gives a wide range of feedback, from active professionals to interested consumers, and offers good targeted marketing leverage/exposure. Most every ‘online’ real estate related professional I’ve run across has contributed to Active Rain at some point in time, it’s a great place to gain online traction.
Twitter is an enterprise class text messaging social network who’s potential upside is best described in my last post.
FaceBook is a more mature, clean version of MySpace in concept and user type. Throwing sheep, feeding a friend to a Vampire and a slew of other spamapplications argue the contrary, granted. But, Facebook also allows one to create smaller specialized ‘communities’, affiliate with specific geographic and demographic groups, and otherwise socially promote yourself and your wares for free. FaceBook can connect you with ALOT of people.
LinkedIn is a resume and networking community for professionals. If you’re looking for business, products, services and the people that provide them, LinkedIn’s ’six degrees of separation’ community is a great place to crowd source higher level expertise and experience and even land a better job.
Join Trulia Voices and Discussions on Zillow, engage the conversations as people subsequently tend to link back to your home site, which is the goal. One thing here: answer the damn questions honestly not according to the kool-aid infused NAR psycho-babbletalk rulebook that currently dominates these sites…get in there and mix things up, you’ll stand out and win in the end.
Give away your knowledge and listings freely.
Start a blogsite by paying a service provider (there are a number of them in the RE Tech section of the re.net tab) to create a nice clean ‘home’ in cyberspace for you. Yes you can do a lot of this yourself for relatively free but thats not where you should be focusing your time. Allow the professionals to handle most of this, at least the set-up, the cost in time savings alone is worth the price tag. Don’t make the mistake of putting up an ad hoc site, it’s the first thing most people will see of ‘you’ and first impressions are important.
It wasn’t all that long ago that uttering the idea of open listing distribution outside the traditional MLS would get one tarred, feathered and hung from NAR’s flagpole. Today it’s accepted as necessary for survival. Customers want to see listings, all of them, so give them the most intuitive experience possible. Make sure your site provider has a really good IDX User Interface (UI). In other words, you want something that looks almost as good as Redfins, Zillows or Trulias User Interface to redisplay the listings in your farm area. Push your listings out to these well trafficked sites too.
Consider yourself a real estate journalist, report (blog) on your market 3 times per week. Mix it up, the stories can vary from statistical to satirical but should always tie back to relative real estate information, and enlighten to otherwise benefit your audience.
Familiarize yourself with various multi-media tools to properly market yourself and the real estate you represent, i.e. Turn Here, Real Estate Shows, even sites as simple as Flickr can help make an otherwise vanilla listing drip with sweet sizzurp. Teresa and Daniel epitomize this practice. Current agents and profound bloggers are even developing their own technologies for the benefit of all…
If you notice another professional doing a property or client an underachieving disservice, pass these tools and advice along to them. There is nothing more frustrating to a buyer and insulting to a seller than reading some boiler-plate MLS description of a property with no (or disposable camera) pictures.
The re.net community is rather ‘cliquish’ and protective of their own. Differentiating yourself with novel opinion is one thing, personally attacking someone for your benefit will get you ostracized in the greater community. It should also go without saying that plagiarism is stealing and will get you ‘rubbed out’ too. Never copy someone’s work without permission or proper citing.
Don’t expect instant success. Building an audience takes time, at least 3-6 months.
F*@k SEO
A good blogsite provider will build you a site that innately optimizes your content for the search engines. Many SEO pundits (trust me, you’ll run in to them) will have you chasing your tail focusing on template style (= boring) writing. You can’t ‘game the system’, trying to do so is often called ‘black hat’ or ‘grey hat’ tactics and will likely get your site penalized. The best SEO advice anyone can give centers around composing well written, compelling, relevant content and producing it with consistency. The rest will take care of itself.
The SEO related sites I link too in my re.net index are there because they’ve proven to spur the creative writing juices and address the basic do’s and do nots very well.
The time you spend trying to keep up with SEO tactics is time better spent researching your market data, trends and other far more interesting content to provide your readership and subsequent clients.
Always remember, you should be building an audience not fishing for ‘traffic’.
Don’t call yourself Realtor.
Sorry, but it’s the truth. Call yourself a licensed practitioner of the real estate arts, marketing guru for real property, property pimp, or whatever. The name Realtor creates strong feelings of aversion in the mind of a consumer, and the NAR doesn’t like anyone using the word very much anyway.
Drop the confusing acronyms. I get these visions in my head of local NAR meetings where Realtors wear their uniforms with patches and beads sown on, like in boy (or girl) scouts.
Distance yourself from traditional real estate economics. I’m not saying charge less, I am saying charge whatever you charge, just have it make sense to the consumer.
Don’t put your picture on biz cards or the front page of your website. People can be shallow, jealous and unforgiving…propping your face up for all to see may be deemed pretentious, too pretty/ugly, or doesn’t look enough like you (so you’re lying). One of the (many) things I took away from the 4RealzEd.com seminar was Jim Marks demonstrating via a real client example, where simply removing an agents mug from the front page of the website caused a substantially higher click-through rate.
It’s not personal, but its hard for a few good apples to un-spoil the bunch. For every Jay Thompson, Kris Berg and Teresa Boardman there are a hundred clowns out there insuring the name Realtor elicits a furrowed brow and curled lip on the face of the consumer status-quo. Imitation is the sincerest form of a compliment, it’s OK to try and emulate what these good folk are doing, the industry is better because of people like them, which leads to:
Pay it forward
For too long the real estate industry has been in competition with itself.
Sphere: Related ContentScarcity breeds scarcity, the bigger you give the bigger you get. Help out other agents that didn’t get the love you got and make the entire industry a better place than when you arrived.
Best Real Estate Blog I’ve Come Across in a Long Time
March 27th, 2008 Categories: 4realz, Notorious R.O.B.
R.O.B. and J.E.F.F. are cut from similar cloth, except he’s smarter than me. Once again, wisdom found via the church of Luther.
Rob’s blog has existed for a little more than 2 months and already contains an impressive cache of thought…
Sphere: Related ContentReal Time Paradigm Shifting in The Real Estate and Mortgage Industries
March 11th, 2008 Categories: 4realz, Active Rain, Business Models, Incredible Agent, Real Estate Technology, Social Networking, Trulia, third party destination sites, zillow
Real Time Paradigm Shifting in The Real Estate and Mortgage Industries
Very few will argue that we are in the midst of an historical era of change, largely leaving the Industrial Age heading steadfast and firmly into The Age of Information.
Transitions between era’s have traditionally taken anywhere from 100,000,000,000 to 100 years, with each succeeding ‘period’, ‘time, or ‘age’ shrinking rapidly compared to the prior by a factor of ~10.
If the above is true then it’s not contrived to think that we may be passing through multiple periods of relative historical significance during our own life, whereas prior such ‘times’ have lasted for >10 generations. This is a remarkable reflection if you really consider it. Change is happening at a far faster pace than any of us are used to because it can.
‘The Times’ change so fast they now call it Real Time (as in the time before real time was fake time, or something like that).
Change is also something that does not feel natural thus most don’t adapt to it well, especially over very short periods of time. Over 10,000 years? Sure. Over 5 years? Maybe. 6 Months? What just happened..?
People within a society affected by change can be generally classified as:
• Innovators
• Adapters
• Adopters
• Laggards
• Haters
The Moral: Business is moving, evolving, changing faster than ever. Real estate and mortgage used to resist such rapid change, today embracement is necessary for survival.
It’s pretty well accepted that in the Information Age, withholding information for money has diminishing value.
It took real estate and mortgage (to a greater degree) longer to understand this, which is evidenced by the initial industry aversion to sites like Zillow et al (Innovators). Many agents understand that wider distribution of their inventory is in fact a good thing (Adapters and Adopters); placing ones product in a place where there are a lot of potential buyers is likely to increases the chances of selling that product. Other agents are just now realizing and acting on the same (Laggards).
New technologies start big then get smaller and better.
Zillow launched in February of 2006 offering tools and services that draw in consumers and feed participating professionals using intuitive user interfaces (UI’s). Trulia evokes similar qualities; single site with all the tools (and the list goes on). To one extent or another Zillow, Trulia et al have exponentially improved the real estate Search experience over the past two years. They’ve blazed a wonderful path.
They’ve also raised and spent capital that exceeds some Nations GDP to foster a technological paradigm shift towards information transparency coupled with uber-intuitive UI’s with regards to real estate listings, a map and other relevant local data (also called a mash-up).
Today the same tech driven mash-up UI’s that drive gobs of traffic to the Zillows and Trulias of the world are available and affordable to individual real estate professionals (rePros) at pennies on the dollar.
Different Agenda’s
Zillow and Trulia are advertising/media websites. Their business models depend primarily on traffic so advertising may be sold for a premium and each have numerous vehicles for an agent to spend their money on.
They’re kind enough to offer tools (widgets) that add a coolness factor to an agents individual site and create social conversation forums to leverage participating agents experience/knowledge for the community as a whole. But make no mistake; they depend on the traffic a rePros personal knowledge and information draws to embolden their respective brands. Every tool provided is inherently designed to increase their traffic first, yours second.
Other real estate Search sites like Roost will re-skin, redisplay and replace your current ugly IDX then charge you for the privilege of the traffic they direct back to your site. This is certainly a better alternative to what’s been available in the IDX market and more importantly another step towards blending technology seamlessly with an individual rePro’s Brand…yet not quite ‘there’.
In most every case, a top level domain real estate Search portal seeks to profit from advertising and by building their Brand first, yours second.
Roost claims that they ‘Support Your Brand’:
- Your brand is prominently displayed at the top of the search results
- You receive a virtual card with your contact information and links to your listings
- You receive your own URL on Roost
Claim #3, receiving your own URL on Roost, isn’t the highest and best way to support your brand. This also leads to a similar experience outlined above where a consumer is bedazzled with one slick UI, only to eventually fall into a foreign place called your website.
Roosts business model message:
- Performance-based and transparent
- Pay only for the clicks you receive to your own site
- Target people in specific geography (town, zip code, etc)
- Buy only as much traffic as you want in any given month.
- Your Roost dashboard will make it easy to manage your spend and track performance.
Very Googleicious…carefull, if you don’t keep the traffic tank monetized, it’s possible to be the Star one minute and invisible the next.
Where is there?
When consumers begin their quest for a home, they’re after one thing: listings—all of them. Trulia, Zillow, Roost et al face a perpetual problem with the ‘available to in-house listings ratio’. Big players in this space like Realogy and Prudential are picking sides, contributing listings to one site or another. Some agents choose to contribute their listings while the vast majority do not. This leaves consumers with a choice between bad and worse: Try and search all the listings with inferior tools, or perform cutting-edge searches on ~20-30% of the listings available in a given area. Thats not an acceptable ratio in my book. Pretty soon we’ll have an aggregator of the aggregators, and so on.
It seems ironic though, with all these brokers now lining up in different camps to feed their listings to the big consumer search destinations on the Internet, that it’s ultimately the consumer that suffers from these alliances being formed.
If I’m trying to search for a house in Portland, I still have to have to go to multiple destinations (Frontdoor has X, Zillow has Y, Trulia has X & Y but no Z) just to get an accurate picture of the complete inventory available on the market.
Either way and any way, this would be another big win for Trulia, but as Joel notes, Michael agrees, (and I’ve said before), it is note self-evident that at the end of the day, the consumer wins with broker-fed listing sites.
While penning and researching this post, I came across the above snippets and couldn’t agree more: A viable solution could be a website that hosts robust Search UI’s and engages social networking as well as SEO strategies under a rePros personally owned and controlled domain.
BlueRoof360.com is about as close to ‘there’ as I’ve seen. The only aspect that I question (and this is being very nit-picky) is the platform that they are using…is it proprietary or open source? In other words, can I snap pieces in and out? If I don’t like the property search UI, can I swap it out with a better one? Can I add plug-ins and other features vis-à-vis Wordpress? Realivent and Incredible Agent deserve mentions here as well.
As a rePro on the Listing side of the relationship, if you are going to ‘give’ your listings to the Zillows of the world, your personal website had better be on par with the site that the link came from, otherwise that ‘link’ will likely leave your site and go back to more beautiful and userfriendly pastures.
As a rePro on the Buyers side of a potential relationship, a website with real time information and a solid property Search UI is mandatory for future survival.
RePro’s can offer consumers via their personal websites a vital claim that the big players will always chase: 100% of the information located within a local MLS’ database. Days on market, sold data, and a glut of other valuable information to consumers that currently is not available on the big players sites can be displayed on a licensed pro’s site. Regardless if one person (consumer or professional) thinks that such info is important or not is irrelevant. Someone does, it’s the long tail consumerism that dominates the current and future markets terrain. In any case, the more information you make accessible the larger your potential audience. Redfin gets this, they offer their agents and consumers best of breed technology and information.
In case it’s not evident i’ll point out that consumers are getting smarter about how the real estate industry internally works due to this new real time access to information phenomenon thingy. Better to be deemed transparent and open rather than a shifty salesperson.
To keep in line with change in real time, the best strategy is a likely mash-up of all of the above, sprinkled with a little bit of this and that.
- License great looking, highly functional, scalable technology to display your products through, and seamlessly build your brand. Keep in mind that you get what you pay for, don’t go for the cheapest solution by any means.
- Push and maintain your listings with the big aggregators: Trulia, Zillow, Google Base etc for the exposure.
- Blog incessantly about topics that are local to your listings. Need a blog and the proper education to go along with one? Check out The Tomato.
- Participate in Social Networks, optimize your Social Networking Optimization. Participate in conversations on ActiveRain, update your professional profile on LinkedIn, create a group on Facebook.
- Seek to learn: Knowledge speaks, wisdom listens…Attend some of the current seminars like 4RealzED, BHBU, and if you’ve got some extra coin, Inman Connect. I’ve personally been to three Connects, registered for Dustins preso in Orange County on April 17th, and plan to attend BHBU schedule permitting.
- Prepare to change, upgrade and sharpen your tools often. Today’s rage is tomorrow’s fizzle, stay razor while you shine.
Also See:
Sphere: Related ContentActive Rain and Move.com, Bloodhound Unchained and Zillow, Inman News and…
February 27th, 2008 Categories: 4realz, Active Rain, Inman News, Social Networking, dustin luther, re.net
ActiveRain, I fear, faces a pricey uphill battle against Move.com due to their steadfast commitment
towards a full blown trial. The attorneys must be licking their chops as this looks to be a battle of attrition. Move definitely has the pockets burn and turn this into an expensive endeavor for the guys in Seattle. Don’t get me wrong, I’m pulling for Jon and Matt vs The 800 Pound Gorilla, but the economic (im)practicalities and ramifications of a lawsuit this size cannot be ignored.
One would think that Housevalues recent $2.75M investment in AR must have come with a high degree of comfort considering this pending lawsuit. I don’t know of many investors who put money into a company that is facing potentially expensive litigation. Then again my insight is near-sighted.
In what has to be one of the oddest couplings in recent memory, The Bloodhound crew has announced that Zillow will be the primary sponsor for the Bloodhound Unchained conference in Phoenix May 18th-20th…Nearly spit up my coffee when I read this, I don’t get it, I mean I get it, it is about breaking Benjamins…and Zillow has them to break.
BHB is unapologetically the most in your face, tell you where you can stick it blog community in the re.net space (thanks mainly to it’s proprietor) Greg makes no bones about it. Zillow on the other hand is about as nice and cordial as anyone in this space. They have more customer relations people than I do fingers. I guess I personally expected BHBU to ride the independent route in lieu of going with a corporate sponsorship. Will Zillow take any heat for Gregs public undressings of other influencer’s in the space? In any case, BHBU should be worth the price of admission, if only for pure entertainment value. *Envisioning hecklers and taser guns* ‘Don’t tase me dude!’
Speaking of the conference circuit, it’s really been heating up recently. 4RealzED, Domus Consulting, as well as BHBU have pushed into a crowding arena. I’ve experienced Domus’ enlightenment (which is top notch) and have attended the past three Inman Connects, which are filled with the who’s who of Real Estate 2.0. I’m
looking forward to seeing what the 4Realz and BHB workshops have to offer…can I get a press pass guys? If any of these groups come to a town near you, drop the coin and attend. All parties are brilliantly in tune with whats going on in the future of real estate. Just noticed Zillow is also sponsoring Dustin’s 4RealzED events…hmmm, David G. is a pimp…and his Facebook picture is about 10 years old 
j/k David…
Moving on to Inman’s Beta site.
I’m a contributor to their blog network, so they get automatically get props for this brilliant move (Joel is no dummy). Otherwise, they’ve really evolved the look and feel of their 1998 website, it’s taken on a nice (and BLUE) look and feel…very ‘Web2.0′ My understanding is it’s still a work in progress (hence the beta tag), which explains some of the minor bugginess and slightly cluttered look. I’ve tried to post suggestions to the designated Wiki page, but it won’t save my changes 
Dustin Luther, Social Internet Marketing Guru, Hits The Road
February 20th, 2008 Categories: 4realz, Social Networking, dustin luther
Not because he asked, but because I admire him and his work.
If you’re a real estate or mortgage professional and looking for top internet marketing advice in a ‘Web 2.0′ world, one may now receive it from one of its founding fathers.
Sphere: Related Content
