66 Cities to Buy a Home In Now

According to MSN, there are 66 cities where it makes sense to buy a home in right now, and 34 cities where it might be better to rent. Of course, it’s all speculation, especially in the local markets I am familiar with, and they don’t take into account some important aspects of home ownership, like the tax breaks and simple pride of ownership.

Personally, I wouldn’t want to rent again, unless I was transient or uncertain of my ability to pay my mortgage.

Four of the top five cities (McAllen, San Antonio, Houston and Dallas) are in Texas.

Texas has (relatively) low home prices and something elase that people need to consider heavily- great sports franchises- these are two of the most important factors when considering where to buy. If you pay less for a great home and have great sports team to watch live- things will work out.

Plus, great sports teams usually means great sports bars, and really, isn’t that the most important factor in making a great city?

Maybe, or maybe not, but I think we can all agree on at least one thing- the Colts will win the Superbowl this year- go Colts!

Real Estate Web 2.0 Companies

From 1000Watt Consulting, a diagram showing the different RE 2.0 companies in their respective categories.

More Accusations Against Trulia- Now Cloaking?

Trulia has been caught in some allegations recently that question the integrity of the company, and imply that Trulia is involved in some shady practices that help it’s own site at the expensive of the agent/brokers/partners who work with it. Most of the accusactions have to do no-follow links (temporary 302 redirects) that give Trulia links, but prevent links going back to the “partners” it works with, so it can cause it’s own site ranking to go up and hurt the ranking of the partner sites.

Now, accusations of cloaking, or displaying different content to web visitors and search engines to gain one-way inbound links to it’s own site, while looking like it is giving content to partner sites. Obviously, if true, this would further erode the confidence agents and brokers have in the website.

Trulia’s PR machine will most likely be in high gear again, so look for explanations to come from their side soon.

I like Trulia, mostly because they are doing new things and bringing new things into the industry. But I also believe agents/brokers need to build their own online identity and brand themselves, not a third-party listing aggregation website (Trulia, Zillow, Realtor.com, etc).

Utah Government Workers Move to a Four Day Workweek

 

Utah Moves to a Four Day Work Week

Utah Moves to a Four Day Work Week

Beginning in August, Utah state employees will begin workweeks of Monday-Thursday 7am-6pm, instead of 8am-5pm, and have Fridays off. The radical new move will result in some frustration for some finding new daycare arangements and such, but will save millions of dollars in energy costs and will reduce traffic congestion.

The order issued by Gov. Jon Huntsman will affect about 17,000 out of 24,000 executive-branch employees. It will not cover state police officers, prison guards or employees of the courts or Utah’s public universities. Also, state-run liquor stores will stay open on Fridays.

Lisa Roskelley, the Governor’s spokesperson, says turning off the lights, heat and air conditioning on Fridays in 1,000 of 3,000 government buildings will save about $3 million a year from a state budget of $11 Million.

That is huge.

The Department of Environmental Quality estimated employees in six buildings alone will save themselves more than $300,000 spent on gas to commute to work.

There are benefits for the environment as well. “We feel like we can reduce the CO2 or the ozone by around over 3,000 metric tons, as well as have an impact on our air pollution,” said Kim Hood, executive director of the Department of Administrative Services.

 

Salt Lake City Traffic

Salt Lake City Traffic

In addition, having 17,000-24,000 people each day changing their commute times and not commuting on Friday’s will reduce traffic congestion (although Salt lake City is already the second-best commute and has the lowest rate of alcohol-related fatalities in the nation), and, by extension, traffic accidents during commute times.

This is a bold move that shows true leadership from the Governor who already enjoys approval ratings of 88 percent.

See Governor interview transcript from Fox News.

Florida Home For Sale, Includes Wife

Deven Trabosh Deven Trabosh

For the guy who is not afraid of commitment, look no further than Devon Traboscia, a single mother of two, who lives in Florida and is offering herself for $288,800, oh, and you get the house, too.

On Craigslist she says;

Marry a Princess Lost in America
Create the Magic with this Fairy Tale Princess

Traveling Lady in immediate need of her Prince Charming, someone who wants to share & create magical moments, imaginations & fantasies for LIFE!!!

If you want to live the never ending dream and experience the real love, life and the romance you have always felt was a fairytale then this is the vibrant outstanding woman of your dreams!

To sweep this European Loving Lady off her feet send in your application right now

Read more about it in the Columbian, or see her ad on Craigslist.

Yahoo is Google’s Bitch Now….

From Doug at Rentvine (h/t Dustin)

Building a Killer Real Estate Website

 

Since I’ll be speaking on this topic at Inman Connect in July, I figure I’ll throw out some of my thoughts on the topic now to sort of get the ball rolling. What makes a website a “Killer Website”?

Steve Jobs once said, “Design is not just what it looks like and feels like, design is how it works.”

This is an important idea to me. The concept that great design incorporates function along with aesthetics and visual appeal. A great website is visually appealing, but it also works well, is intuitive and easy to use, and, of course, has good information for the person visiting it.  

What a great design does not have is every possible thing crammed into every page or wild colors and attention grabbers all over the place. And it certainly is not an SEO keyword love-fest that trades well written copy for unreadable paragraphs repeating the same twenty keywords ad nauseam.

Don’t suffer design simply for organic ranking- it does no good to rank high on Google and get a lot of traffic if all your visitors just click away and you get no business. In fact, it’s worse than no good because you take up valuable Google real estate that could go to a better site, which would help the consumer, and ultimately, our industry.

Here are a few things I believe are critical in the design of “Killer Website”:

Simple Layout- The basic layout of a page is among the most important aspects of its usability and visual appeal. Having information organized well and placing the most important information in places that easy to see and access will go a long way for the consumer.

Less is More- Trying to cram everything you can into a page makes it difficult for people to find what they are looking for and it also greatly dimishes the overall experience of the visitor. Decide what information is most important and prioritize that information on the pages. If it’s getting difficult to find room for something new, maybe you don’t need it.

Branding- Many websites fail to establish the brand of the company or people offering the site. Of course, some sites go too far trying to brand themselves, but in most cases the brand is not established well enough. Have a great logo and display it prominently so when people visit your website they remember where they are.

Reasons to Return- Create a website where people will have reasons to come back again and again. One of the easiest ways to do this is by incorporating a community resource blog into your website. This is a blog that gives insight into the community and creates a loyal readership of people who live in that area. Another great way reason for people to return to your site would be to get information about their transaction or the real estate market they live in. Having printable coupons or drawings from local businesses might attract return visits.

Pleasing color combinations- Color plays a large part in the feel of a design. Colors set the mood, and can turn people off when the wrong colors are used. Some companies, such as Weichert and Exit Realty, would do well to change their brand colors completely, while other brands, such as Prudential, Alain Pinel, and Keller Williams, have done well in selecting colors that enhance their brand.

Easy Navigation- Make it incredibly easy for people to find what they want. Large buttons and icons placed where they are easy to see will ensure people can find what they need. Being clever with your navigation can result in confusion by the visitor. It’s okay to be different, as long as it is very easy for visitors to find what they are looking for, and to return to the homepage. Make it easy to get back to the start.

Very visible contact info- Your contact information should be very visible, on many pages, including a phone number. Websites that only have a support email address are insulting to the visitor. It is lame to only offer support through email. Here’s an example; I have been trying to place an ad on ActiveRain for about a month now but their system is completely screwed up and nothing works correctly. And I can deal with the technical problems, but the only way to contact them is through a ticketed email system. It takes no less than three days to get a response- every single time. I like the ActiveRain platform, but they need some serious help when it comes to service. My ad is still not running.

Have some fun- Nobody likes looking at a spreadsheet. And most don’t enjoy looking at plain, ordinary, boring content. A great website offers a great experience for the visitor, and that includes keeping them interested and entertained. Add fun elements to your site with images, colors, and icons. Use fonts and font sizes that make it easy to read your content, and break up long areas of text with some images and fun elements. Put some personality into your website through a blog and text, but also with your design.

Websites are becoming more and more important as real estate professionals are beginning to leverage the internet to grow their business and their brand. Consumers have a lot of choice when choosing where to spend their time online, so it’s imperative to have a website that they’ll want to come back to again and again.

BlueRoof360 offers custom websites and lead management systems for real estate professionals.

 

Ready to Connect?

 

Meet Me at Connect SF 2008

Inman News will be holding it’s 12th annual Inman Connect convention  July 23rd-25th in San Francisco at the Palace hotel. For the last few years, Connect has been the best place to meet industry leaders and visionaries, see the newest in technology and real estate-related products, and share a drink with like-minded individuals. There is a heavy emphasis on social media and new trends.

The conference is all about the joining of technology and real estate and the conversation around how the industry is evolving. The most innovative companies and the most entrepreneurial people are all at Connect. There are great speakers, interesting discussions and panels, and always a fun social element that makes this the best real estate convention out there…

I’ll be speaking Thursday (July 25th) in the broker breakout session titled, “Building a Killer Brokerage Website“. And then later that night I’ll be out drinking and may end up speaking in tongues, which could be interesting.

Haggard, old-timers and boring coffee-machine dwellers should not attend. You will be miserable with all the talk of “electric computer thingies” and “internet jigga-ma-whats-its”… but if you’re a ton of fun and enjoy cutting-edge technology and real estate, I hope to see you there.

You can either register for the event with Inman or you can just send me your money and I’ll buy drinks with it while I’m there.

Trulia’s Integrity Called Into Question

Galen from Estately writeson Bloodhound about Trulia’s practice of running listing links through a temporary (302) redirect, which essentially stops Google from following the link and making Trulia the original source of the content (in Google’s eyes), which boosts Trulia’s search engine ranking for the addresses instead of the actual content provider (the listing partner who gave them the listing information to begin with).

Sneaky… but is it really so surprising that Trulia is bullying brokers out of top search positions? Trulia’s model is built around using broker information to position itself above brokers, hence becoming valuable enough that brokers want to use the site instead of relying on their own websites to get business. If a broker or agent is getting enough business branding themselves they will not need to pay these companies for their leads or advertise on them or give them their listings.

So Trulia (and other listing aggregation websites) need to make themselves better then the brokers and agents so those people will need them.

Hmmm, a company taking broker information and using it for it’s own gain, even when it hurts the broker AND even charging those same brokers who want to use that information to get business… but putting the brokers into a position where they are now so reliant on the company that they feel like they have no choice but to continue the relationship…?

Sounds a little familiar…. almost like… an MLS!

Real estate brokers and agents are hurting themselves by using third-party listing aggregation websites (like Trulia, Zillow, Realtor.com, Homegain, Craigslist, Frontdoor, and on and on and freakin’ on) but cannot stop because some are getting leads from them.

I’m not saying that nobody should use these services, but it’s important for agents and brokers to brand themselvesonline and not simply use these companies as their online business strategy. Brokers and agents are the ones with the data, the information, and most importantly, the knowledge, that is fueling these other companies. Make sure you fuel your own success, too.

 

 

RE Bar Camp at Inman Connect

Anyone planning to attend the Inman Connect convention in San Francisco this July should also plan on coming a day early and attending the Re Bar Camp. What is the Bar Camp? No, it’s not a meet-up to discuss your favorite alcoholic drinks (Damn!), but rather;

“RE Bar Camp is an ad-hoc gathering born from the desire for people to share and learn in an open environment. It is an intense event with discussions, demos, and interaction from attendees.”

These Inman Connect events, for those who haven’t been, are not only a fantastic way to learn about new technology in real estate and what’s coming up, but they are a fantastic place to meet and socialize with leaders of organizations, innovative companies, and fun people in the real estate industry.

 

 

 

 

Redfin Becoming What They Hate… Traditional

Redfin becoming traditional real estate brokerage

Redfin today announced that they are taking yet another step toward becoming that one thing that they so desperately are trying to position themselves as NOT being… a traditional brokerage.

They began as an online-only brokerage, touting themselves as the first online brokerage and making a lot of noise about their unique value proposition. Buyers found the home they wanted to buy, made the offer on redfin’s website, and got a cut of the commission check.

Then…

Redfin began offering property tours for a fee.

Then…

They began offering more tours.

Now…

They’re offering tours through homes the way traditional agents do, with no set amount of homes or fees (other than they’ll only take you twice per week) and you get less of a cut of the commission.

Redfin becoming traditional

They already ditched their industry-best map and search capability and replaced it with Microsoft’s api, replaced their logo with a worse one, and have given the metaphorical finger to traditional agents every chance they get, shouting how “different” they are, being an online broker. 

Making bad decisions, playing catch-up to others in the industry, spin-selling… sounds like they are more traditional than they think.

Next…

They will probably offer traditional agent services in a menu-driven model, where buyers can choose which level of service they want (full service, some service, no service). Just like everyone else, Redfin is adjusting to the industry, not the other way around. They are learning something I learned quite a while ago (I’m a faster learner), having a kick-ass website only gets you the introduction- you still gotta earn the business. And when people invest $700,000 on anything, they want an expert who knows their stuff and who can give the very best advice and share their knowledge, not just someone to fax your documents and schedule your inspection for you.

There is a difference between information and knowledge. Redfin is learning this, albeit very slowly…

 

The Carnival of Real Estate

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Welcome to the 81st Edition of the Carnival of Real Estate! Step right up and get ready for a wonderland of writing styles and topics. Reading through the entries I was reminded of the last time I hosted the Carnival back in September 2006, and how much blogging has grown, especially in the real estate industry, since then. Five years ago when I started blogging nobody read my blog and I didn’t read anybody else’s. Today blogging has become a legitimate, and important, means of communicating between large spectrums of people.

The Winner’s Circle for this Carnival includes four well-written posts that I think were both informative and interesting. Here are the four posts I am placing in the Winner’s Circle…

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*Kevin and Monica Ray’s Real Estate Blog discusses radon and the risks associated with it. I think it’s great how they included information about fixing the problem and safe levels.

* Joe Manausa of Tallahassee Real Estate Blog gives us a comprehansive comparison of “Rent Versus Ownership” and details the investment potential of owning versus investing money in the stock market. Even without including the tax benefits, he makes a compelling case.

*Nigel Swaby of Salt Lake Real Estate Blog gives a report on “Ruthless Walk-Away’s” and some very good insight and opinion around the practice.

*Marcus McCray from Hook Me Up! explains “Why Professional Referrals Are Overrated!” There’s some great logic in this post and it’s written well.

Here are the rest of the posts, enjoy!

Christopher Smith at Real Estate Investing in the Real World writes the beginning of an article about investing in real estate long-term. I really enjoyed the article until it suddenly ended. It should have been a completed article. The beginning paragraphs were intriguing and well written. Too bad it was cut short.

DaltonsBriefs presents a post that references a Zillow post about activists doing damage to property to bring notice to their cause.

MyNewPlace discusses the Casulo, a bedroom set in a box. It’s not available yet, but might be a great idea for students or people traveling abroad.

Nathan Blair of Salt Lake City Utah Real Estate Blog thinks aloud about what is ”classic” in architecture.

International Listings presents an incomplete, and questionable (they forgot to mention the best real estate website) list of real estate websites that are 2.0.

Purva Brown, the Sacremento Real Estate Gal, brings up three mistakes first-time home buyers fall victim to.

Silveral of Celebrity News and Gossip talks about celebrity homes and the characteristics many of them share.

John Lockwood of Sacramento Real Estate Blog lists the “Seven Deadly Misktakes Buyers Make in This Market.”

Dee Copeland of Texas Realty Blog writes about the trend of “Boomerang Buyers” moving back to the Austin area.

Charles Woodall of Dotham Home Search suggests that “Days on Market are Irrelevant” and makes some good points. I have posted on this topic myself and think it’s a good topic of discussion with buyers, especially in areas that are in buyers market’s.

Dan Melson at Searchlight Crusade suggests that “The Mortgage Loan Market Controls the Real Estate Market.” His thinking is that as loan products go away, so do buyers who need those products to buy, and when rates go up, the buyer pool of a price range gets smaller.

Lenore Wilkas of Hillsburough, Burlingame Luxury Home Sales says “Be Sure to Ask Your Agent How Long the House Has Been For Sale.” The post discusses the practice of re-listing property to manipulate the days-on-market for the listing.

Raymond at Money BlueBook gives his reviews of the house-flipping shows currently on television.

Joe also gives us a look at some of the Tallahassee market’s pricing and sales trends.

Silicon Valley Blogger at The Digerati Life asks “Who’s To Blame For The Subprime Mortgage Mess?” With responsibility distributed between many people involved in the real estate transaction, he wraps up with some good advice to the buyers who, I believe, are ultimately responsible for signing contracts on homes they can’t afford.

Steve Leung gives us the “Consumer’s Rights When Purchasing New Homes”. He talks about warranties, having your own representation and protecting yourself.

Steve Faber at DebtBlog wonders, “Property Foreclosures- Is It Really as Bad as They Say?” Steve goes over some of the statistics showing some states, including Nevada, Florida and California have high foreclosure rates, but also had some of the highest run-up’s in prices over the last few years.

Cynthis Holt from Real Life Real Estate shares her frustrations with buying a short sale property in “War Zone”.

Kathy Koops from The Cincy Blog explains how the “3 Key Words in Real Estate” may not be as important as price.

Geordie Romer of  Leavenworth Washington Real Estate Blog presents  his “Top 5 Ways to Shoot Your Leavenworth Condo Project in the Foot.” He actually goes the extra mile and gives six, including “Don’t dismiss the internet as a fad.” Good advice.

Brian Block of Virginia Real Estate News says, “I’ve Officially Run Out of Room on My Business Card” and shares his experience breezing through the broker’s exam and the designations he holds.

Craig Schiller at HOME STAGING, Rants & Ravings presents “OOPS Goes the Staging!” The post is written well. There a lot of bold words, but the post shows how video can help make your point. It would have been great to have some more specific tips and even some examples on good staging. Hopefully that will be in the next post.

Rebecca Levinson of Connect2Agent presentsDo consumers want rock stars or real estate agents to sell their home?” She tells the story of another agent’s attitude and the impression it left on her.

Cliff Jacobson at WebHome USABlog presents, “Realtor Dirty Tricks” where he discusses Glenn Kelman and the NAR.

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Thank you to everyone for participating in this week’s Carnival of Real Estate. Next week look for it over at The Matrix.

Carnival of Real Estate Comes Home to BlueRoof

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The Carnival of Real Estate will be here, on BlueRoof, again, next Monday, March 10th. As some of you may remember, BlueRoof hosted Week 4 of the Carnival, way back in September, 2006. Now we’re on Week 81 and between then and now there have been some amazing posts, and from every good real estate blogger on the web. I’m excited to see posts from bloggers I have gotten to know, and maybe some I have yet to meet.

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For those not familiar, the Carnival is where real estate bloggers submit their best blog posts, and the “winners” for the week are posted at the host blog (this Carnival it will be BlueRoof Blog), so everyone can see some great writing, and be directed to some great real estate blogs.

This week’s Carnival is up at The Real Estate Tomato, and Jim Cronin does not dissapoint, adding his personality and wit to the event. Jim’s been a great real estate blogger and coach for a while now, teaching agents how to have a successful blog and how to find their voice.

You have all week (until Sunday, March 9th) to submit your your posts so don’t be shy- build your blog traffic and contribute to the online real estate community through the Carnival and let us all see you shine…

Top Ten Cities to Buy a Home in 2008

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Forbes released an article on Feb 7, 2008 naming the top cities for buying a home in 2008. These are “…markets where job growth is strong, foreclosures are relatively low and inventory is high. With these factors in place, buyers can still dictate terms of sale and negotiate prices, but aren’t as exposed to the economic and lending risk problems that have sunk many markets around the country.”

Salt Lake City tops the list, again, as being the #1 place to buy a home this year, saying, “Of the major metros in the U.S., Salt Lake City is adding jobs faster than anywhere. The economic boom in SLC has drawn residents from all over the country, and more than a few home builders trying to make a profit in these otherwise woeful times. Housing supply has gone up quickly, and there hasn’t been a high rate of foreclosure.”

But some of the other cities might surprise you.

For example, the article places Phoenix at #5, saying, “Phoenix has a very high foreclosure rate; there’s no way around that. Based on RealtyTrac’s estimates, there is one foreclosure for every 87 households in Phoenix. Still, our data suggest that strong job and economic growth in many non-housing sectors of the local economy is enough to offset it, and people are still moving to the Valley of the Sun at a quick rate.”

And Las Vegas at #7, saying”Las Vegas is a market hammered by foreclosures, due largely to extremely high speculation in both residential communities and the condo market. Though the housing slowdown has hurt jobs in the construction sector, Vegas continues to attract businesses and job seekers to its growing economy, making its excess inventory (and there’s a ton) less toxic than in other places. “

The complete top ten cities are

1 Salt Lake City, UT

2 Raleigh, NC

3 Orlando, FL

4 Charlotte, NC

5 Phoenix, AZ

6 Seattle, WA

7 Las Vegas, NV

8 Jacksonville, FL

9 Richmond, VA

10 Houston, TX

Realtors Beware- Learning From Home Depot

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Rob at The Notorious R.O.B. (Rob works at OnBoard, a data aggregation company) wrote an excellent post about the damage that can be done to brokers and agents by using Trulia, Realtor.com, Zillow, and other third-party listing aggregation websites.

From Rob’s post;

“[The] consumer then has a relationship (or at least an experience) with Trulia or whoever; it’s how they found the house, and found the real estate agent…

…But the brokerage?  Or the brand?  Just like I couldn’t remember the name of the contractor that did my windows, would any consumer remember RE/Max or Coldwell Banker or whatever?

Would said consumer, upon resurfacing seven years later (on average), remember the agent who took such good care of him the first time around?  Or would he remember the really useful website where he found a house and someone to “install” the house for him?”

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Instead of building the brand of these companies, build your own brand.

It’s a great post and a good story, and it has a good message that every broker might want to think about.

Dustin Luther Gets 4Realz

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Dustin Luther is the author of one of my favorite real estate blogs, some even call him the “Godfather” of real estate blogging because he put together Raincityguide, which was the first (that I know of) real estate blog with both a consumer focus and with many contributors. It’s also important to note that the contributors are not all real estate professionals.

He has worked with Move.com (which runs Realtor.com), and he’s a good all-around guy.

Now, Dustin (along with Jim Marks of Virtual Results) will be sharing his experience with Realtors who are interested in learning about technology. I’ve seen Dustin speak and he is high-energy and doesn’t waste time on nonsense. But the most important reason I like Dustin as a speaker is that he has the most important characteristc- he cares about helping people. And, if he’s anything like me, that’s just as important as the money.

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I don’t know what sort of marketing or websites they will be encouraging people to use (Jim’s company does internet marketing), but good education about technology is important in our industry and having good people to tech it is rare, and welcome.

 

BlueRoof360- Industry Best Realtor Websites, Lead and Client Management

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In 2007 we closed 114 homes because of our website. While the majority of real estate agents were seeing their businesses slow down significantly and the overall market lose energy, our business has stayed very consistent. You may, or may not, want to be a top-producing agent, but I’m sure you wouldn’t mind an extra sale or two each month.  Technology does not take the place of personality and personal contact but, when utilized correctly, it can help us connect with our clients and also bring us business.

Understand, I am not a technology guy getting into real estate. I am a Realtor (over 14 years) who uses technology very well. As a real estate agent, if you want to get business from the internet and offer real value to your clients what are your current choices? You can use Point2, Advanced Access, Homes.com or myriad other template websites, you can (even worse) use a page on your broker’s website, or you can spend a lot of money building a custom website and hope the people building it know anything about real estate and design.

Now, finally, there will be another choice that brings the power and design of a custom website, innovative technology, simple and intuitive design and a price that makes sense.

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Enter BlueRoof360

BlueRoof360 will cost $200/month and will be a complete online solution for real estate agents. Get business, offer better service for your clients, give value to the consumer, and grow your team and your bottom line.

I have been the managing broker for several large (100+ agent) real estate offices. I have become a student, learning what consumers like and want. By meeting them from my website and working with them I have been able to learn a lot about how to use the internet for real estate over the last five years. And because I am a real estate agent and I have managed, recruited, trained and hired hundreds of Realtors, I understand what real estate agents need and what they like and want.

It is fascinating to me how so many people think that spending nothing for nothing is a better bargain over investing something for an actual profit. If you spend $400/year and get one sale from it and $5000 commission (like most P2 or AA users do) that is good. But spending $60,000 and getting $800,000 in return (as I did last year) is better. One sale gets you some money and one person referring business to you. One hundred fourteen sales gets you much more money and 114 people referring business to you.

As Greg says, “If 10,000 people exhibit a casual interest in your product, you will have earned nothing, whereas if one person actually buys, you will have earned a huge pay-check.”

Consumers want a better overall experience including value, service, interaction and information. They want to feel as though they are being taken care of but that they have good information and still run the show. Agents want simple tools that enable them to focus on the relationship and they want business that comes to them without referral fees.

To offer real value to the consumer and get real business from the internet you need to have a few very important pieces that all work together. It all begins with a destination website. Not a form-filled, template website, but a website that is designed well, has cutting-edge technology, is fun and easy to use, and has great information for the consumer.

Next you need to know how to drive traffic to your website. How to make it seen and how to make it a place that people will want to come back to again and again, and tell other people about.

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When someone asks for help or requests a showing on a property you need to respond very quickly- 15 minutes or less (under one minute is ideal). You need to have a near-immediate connection. People do not want to wait and they won’twait. They’ll usually work with the first agent to get back to them.

You need to be able to stay in touch with your leads, clients, past-clients, family, associates and friends. You need to give the consumer (your current and potential clients) excellent service. You need to WOW them.

And you need to continue to grow and learn from others who are doing it. But it has to be easy. It has to be simple to do. Real estate agents do not like complicated, difficult programs and hours of learning how to use stuff. We like fun, easy and simple.

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BlueRoof360 will allow you to create your own custom website. Not a template website, but a custom website. A template gives you pre-defined spaces that you can change text and images in. We give you a very easy-to-use creation wizard to create your own layout, and then change it around to meet your personality. You’ll have some coaching on how to design it and what works well (colors, fonts, text, etc). You can use suggested themes or colors, or go off in your own direction.

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We’ll show you how easy it is to use and what has worked well. And we’ll show you what people like. But you get to decide if your website has a bunch of text or if it has map-based search or games or an instant chat or video or your own blog or whatever you want.

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You’ll also have a complete, but very simple to use, lead management and client management system. When someone requests to see a property you’ll be notified immediately by text message and email and that person’e information is instantly entered into your lead management system. To schedule the appointment, you simply drag and drop the person’s name on to your calendar. Assign an email keep-in-touch campaign with three clicks. You can use pre-designed campaigns or edit them or make your own. We have tried “Top Producer” client management system twice, but both times our team would not even use it because it was so complicated. We paid over $149/month and it just sat there. We’ve designed ours to be simple to use.

When you sell that person a home they are now a client. You click the button to move them to a client and their info is now entered as a client and you enter all the contract deadlines and information (as much or as little as you choose). If you only want to use three deadlines or you want to use twenty for each file- that’s up to you and very easy to do. You can choose to be alerted (via text message) before every appointment you have or not at all. Maybe you just want to be notified the day before the inspection deadline- no problem, it’s simple (two clicks and it’s done).

You can allow your clients to log in to their own account and see their file. A listing client can see everything you have done on their file and when. They can see when the magazine ad went out and when the sign was ordered and every showing. They can see all the feedback from their showings and your own personal notes. This doesn’t take the place of your personal communication, but it helps you to stay in touch with them even when you are busy and it helps them stay connected to the transaction in a new and interactive way.

When the file closes you can place that person as a past-client and set them up to receive monthly emails from you. Use pre-created ones, edit them, or make your own. Every time you take a new listing it’s sent to all of your past-clients, friends, family and associates. Or not- it’s up to you (one click makes it happen or not happen).

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And you’ll have a community area where you can see everyone who is online and see their websites or send them a message. You can take part in the ongoing real-time chat discussion between everyone online. Throw out a question or just say hello. Read the internal blog, learn from the forums areas (and vote for the posts that helped you), read the community calendar or schedule an event in your area. It is important to have support from other agents who are succeeding and gain ideas from them and share your ideas. Networking can bring you referrals and can be a fun way to stay in touch with other agents around the country.

You’ll get coaching on how to convert leads, how to grow your team when you’re ready, how to drive traffic to your website, and how to create a great website. BlueRoof360 is a simple, powerful, well-designed online solution for real estate agents and brokers.

Keep doing what you are doing now and just use this to add some extra deals every month. Or go full-out and close hundreds of deals this year from your website. Either way, a long-term online presence will grow your business and give you tools to give better service and value to your clients.

As Jeff, TheXBroker, says…

“So where is the middle ground of killer technology and rePro listing penetration? I think BlueRoof is headed down the right path. Technology (Solvent) + rePro (Solute) = A Solution…one that both consumers and professionals can benefit from.”

The internet is a simple, powerful way to connect with people and grow your business and now BlueRoof360 will give you a simple and powerful way to do it.

Realtors are Just too Damn Old

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Ever been out with friends at the local bar filled with 20 and 30-something’s having a drink and you notice the old horny dude in the back just sitting, watching? He’s probably a nice guy and has a lot of great stories about the “good old days” when he actually belonged at this college hangout, but he doesn’t quite fit in with the vibe and environment.

Many Realtors are that old dude. Experience is good. Knowledge is good. Stories wrapped in nostalgia can be good. Being  outdated and unwilling to evolve and offer effective service because you’re too (old, lazy, experienced, busy, set in your ways, dumb, etc) whatever -  that is bad.

I’m not a fan of the blogging movement that seems to be happening where agents simply bitch and whine about everything just to gain some sort of credibility with consumers, as if to say, “See I’m complaining- I’m on your side, so give me business!”

I am not complaining to get business- I am complaining so that hopefully 100 of the old agents who read this will leave the business immediately. And by old I don’t necessarily mean age, it’s more the attitude and approach. But it usually does correlate to age. The average age of Realtors today in America is like 87 or 104 or something. It’s just really old.

Let’s look at some of the reasons for this…

People enter into real estate at a much older age than other professions. They rarely gradute high school thinking they want a career in real estate and then immediately pursure that dream. There aren’t many kids running around dreaming about being a Realtor. Usually people enter real estate after years spent in some other career in some other field. They decide they want something easy different and give real estate a try. And then some make it, but most do not (90% of people who get a real estate license do not renew their license).

Older people know a lot of people. After ten years on the city bingo league and twelve years as soccer-mom and six years in the PTA and a lifetime going to church, some have a big sphere of friends and family and associates to beg network from. So some of these agents just hang around waiting for somebody to call them and don’t think about enhancing their service to attract new business.

Older people seem more trustworthy. Every generation seems to have this belief that people from past generations were better workers, more trustworthy, more wholesome, better dressers, better people, more dignified, more educated, more spiritual, and just plain better people. This is not true. Every generation is just as good as the last and just as bad as the last. Just because someone is older does not make them anything necessarily, except older.

Some older people have nothing better to do. There aren’t a lot of job opportunities for a 54 year old real estate agent who used to be the vice president of PaperDolls,inc. They don’t have anywhere else to go, so they stick around, passively. Without having a real drive, they don’t work to be the best or even be better. Many times they are content to just be there at all.

It’s tough to fire an older person. If 23 year-old Justin doesn’t cut it or learn the new stuff it’s easy to kick him out and tell him he needs to find another job. But good ole’ Betsy who’s got all the great stories and knits everyone sweaters and has no other job prospects, that’s tough. So noone kicks her out. She just hangs around doing nothing and not learning anything new and not giving her clients the best service and not making any money.

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I’m not saying that everyone older than me should leave the business. I’m saying about 85% of the people older than me should leave the business. There are 9000 agents in Salt lake and 8000 of them are older than me. If 85% of them (6800) left the business there would still be 2200 agents in Salt Lake, which would still be 1000 too many, but it would be a good start. It’s been no secret that I think there are way too many agents and it’s too easy to enter the real estate field.

Competition=good.

People unwilling to learn new things=bad.

I know,  I should respect my elders. And being young doesn’t make someone more tech savvy or have more energy or better. That is why I’m not saying everyone older should leave- only 85% of them. There are 15% who continue to learn and evolve and understand new trends and have enough energy to work more than 2 hours a day and actually return phone calls. And I agree that just being young does not make someone more tech-savvy, but younger people can be slapped-around and molded more easily. And if they don’t cut it nobody really cares about kicking them out of the business so there’s less guilt when they leave.

Like it or not, admit it or not- real estate is in a state of flux right now. The industry is being forced to evolve and those who lead the charge and accept the new protocol of constant change will be those who lead. Others will follow, and others will be pushed out of the way. This is not only acceptable, this is healthy. Evolution is all about making way for newer, and more evolved breeds.

Technology does not take the place of a relationship and it shouldn’t. Technology, when used properly,  should enhance it. I remember when I first got into the business they were just switching the MLS onto a computer. Previously it was just a big book. And I remember how much resistance there was to the change. They kept the book around for a while to help with the transition and I remember how most agents thought they book would always be around because nobody would want to drive to the office to look on a computer to find homes when they could just look in the book that they carried with them everywhere. This was only fourteen or fifteen years ago.

Tomorrow’s successful breed of Realtor will be heavily equipped with technology, a forward-thinking attitude, and a willingness to grow as they work diligently toward adding value for their clients. 85% of agents today do not want to grow and adapt and diligently work toward anything. 85% of agents today want to take their past or their extensive list of friends or their 40 hours of real estate schooling and sell enough homes in 2 hours/day to be successful. There are a lot of good people in the real estate business and hopefully those good people will evolve and stay in the business as it changes.

Prudential  Utah just made it mandatory for every listing to have a virtual tour because 60% of the agents weren’t taking photos of their listings or having any sort of photo tour posted. When I search for homes on the MLS many listings don’t have any photos other than the drive-by snapshot the MLS takes.

Consumer expectations are changing. There is more dicussion taking place between consumers and between consumers and agents. People demand value, and value is not the commission rate. Value is what someone gets in return for the price. It’s the whole experience. Consumer’s are moving online more and more every day and older techniques for marketing are becoming less effective. Those who want to be successful in this industry in ten years need to begin growing toward that today. Or move out of the way and watch as some of us lead the evolution.

Cry-Baby Board of Realtor Associations and MLS’s Continue Desperate Rule-Making

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The Northwestern Wisconsin Multiple Listing Service, operated by the Realtors Association of Northwestern Wisconsin, is realizing that it is a lame monopoly that is going extinct, in fact, an MLS system. And they have decided to take the same ridiculous position that the Regional MLS of Minnesota and the Multiple Listing Service of Northern Illinois and Northwest MLS in Washington have taken…

They cry about it and demand that the term “MLS” is theirs and demand that people stop using it. Do they have a copyright or trademark on the term, you ask? Of course not, but that doesn’t matter to these cry-baby pissy-pant’s- what matters is they want to continue their monopoly of information.

Here’s how the MLS works:

Broker pays MLS a fee to become a member, Broker takes listing, Broker displays listing on MLS, Broker pays MLS more money to display MLS listings on website, MLS sets ridiculous rules that broker must follow or be completely cut off from using MLS information.

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And the Boards of Realtors are the ones handing down this new trend after the National Association of Realtors decided that it would continue being irrelevant give that authority to the local Boards.

MLS’s around the country are seeing the writing on the wall. They know they are a monolpoly and that they cannot continue to control everything like they want to. So, instead of evolving and becoming a solution and making things better, these absurd MLS’s are rolling around on the floor kicking and screaming.

These MLS’s don’t want agents to be able to use the term “MLS” to advertise their services to the public. Although the information for the home searches on the agent websites come directly from their MLS, they don’t want the agents to be able to say so.

This precisely shows why we need new systems and websites to replace the MLS’s- or we need some real leadership at NAR to help connect the dots for these guys. All these MLS’s doing damaging things and NAR is just watching the crash-up derby from their comfortable position at 10,000 feet and that does not help the industry.

Inman has better coverage.

2007 Magnificent 7 Finalists

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Larry Cragun at RealEstateUndressed just released his 2007 finalists for his Magnificent 7 awards. I’m honored to be among the nominees for an article I wrote in August. I met Larry last year when we both shared a speaking role (about blogging) at the Inman Connect convention. I am pleased to say that he wasn’t undressed. That would have made things a bit uncomfortable.

The cool things about Larry’s award is that it is specifically for articles written for consumers, which knocks about 95% of the articles written on real estate blogs right out of contention. There is a lot of discussion right now about “knowing your audience” and writing for them. Well, most of my audience is real estate professionals, and roughly 40% of my readers are consumers.

So who do I write for? I write what is on my mind and hope that is finds an audience. I enjoy reading about real estate so I read real estate blogs, even if the articles aren’t written for me. Just as a chef may read recipes that aren’t suitable for his restaurant or a dog owner may read stories about cats. Who the words are written for matters far less than who they impact.

Hopefully the stuff I write about the industry has some appeal to consumers who happen across my real estate blog, at least as long as they are reading real estate blogs, which should last about the same amount of time they are in the market to buy or sell a home.

Video is Over-Rated

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Video has been the “new” thing now for while and some people are really into using video for blogging and for real estate tours. But not everything that is new is better.  I have not embraced using video in real estate sales or in blogging (vlogging), and here’s why…

The written (typed) word inherently allows you to go at your own pace- read fast or slow, re-read over and over- stare at and study, or speed-read at a very fast pace.

Moving video of something standing still (rooms in a home) accomplish nothing more than a still-shot photo does. Moving around a room with a video doesn’t really show you anything you wouldn’t see in a few photos.

Copy/paste. With a written blog I can copy certain text I want to share, and simply link back to the original. With a video I have to show the whole thing if I want to share it. With virtual tours I can share the photos I want and only the photos I want.

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Sometimes people don’t look as good as they write.  

More moving parts= more room for mistakes. I pay a professional to do my tours, but even if I were to do my own virtual tours, I could snap 200 photos and pick the best ones to show my listing. By doing a video, even if I get the lighting right and there are no annoying background noises and I can hold the camera steady, there is still the issue of shooting flattering angles and just as importantly, not shooting unflattering angles of the home, or me.

Difficult to keep your eyes on the ball. When I read a blog I am reading the message the author gives me. When I see a video I am just as interested in the quality of the shoot, the sound, what they are wearing, what they look like, where they are, what’s going on around them, etc. The message is in there, too, but it doesn’t have my full attention.

Movies are never as good as the book. When I read a book I get to know the characters in a different way. I read what they are thinking and feeling and get all the great details that are typically missed in the movie version. Books have my full attention (see above paragraph) on where the author takes me. Movies (videos) sometimes suffer the message for the show. When I watch a horror movie I’m thinking of what they used for the fake blood (chocolate, ketchup, red dye?) and not the plot.

Photos are easier. Much much easier for most people. As I mentioned before, there are lighting and sound issues, and having a steady hand, but I need to plan my steps and route and think about a bunch of little things that affect the shoot. With photos an agent can take them and then sort later for good ones. And if you mess up a little- photoshop.

Start and finish on my time. I can begin to write a post and then stop and finish later. I can snap photos of a house and then go to an appointment and edit through them later. With video you’ve pretty much got to do the whole thing at once.

I understand why some people like video. I like watching videos, too- just not for real estate.

It’s Black and White- How to Sell Your Home

Daniel Rothamel from the Real Estate Zebra Has produced a video that discusses how to sell your home. The beauty of this video is that it applies to most all real estate markets around the country. If you are selling your home, this is a must see.

Point2 Agent Shaken Up- Good For Consumers and Agents

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I don’t know as much about Point2 Agent  as a company as many agents do, but I am a member and have used the system. It seems to me to be an entry-level type service with a template website given and then you pay for add-ons and additional services. One thing I do know is that the company, as far the real estate piece of what they do, is centered around template websites. I think it’s important for our industry to evolve and maybe it’s time to begin to step-up to a higher level of website than templates offer.

There are better options than templates.

For most agents, a template website is their only on-line presence- either a template or an “agent page” on their broker’s website. So consumer’s see all these template sites and it affirms to them that agents don’t know much about technology. Often the consumer ends up going to the better websites (clean user-interface, enjoyable search experience, etc) that they can find, and in most areas Zillow, Realtor.com and Trulia are the best they can find.

Problem with Trulia, Realtor.com and Zillow is they are not real estate companies- they are technology companies. They take agent information (listings) for the purpose of selling ads and leads to agents. Their purpose is not to help consumers find homes, it’s to sell ads or leads. Obviously that’s not the best business model for the consumers (or agents)?

Now Point2 Agent is getting all shaken up and people are talking about it. I don’t wish bad on them at all, in fact for many agents they have been the only a good solution, but I think this shake-up may a good thing in at least one way- maybe it will open some discussion about different and even better online solutions for agents.

Instead of creating well-designed websites that offer real value to the consumer, agents usually either get a cheap  template just to have a website or they pay a technology company (Trulia/Realtor.com/Zillow) for leads. I understand why- it’s a lot easier and much less expensive than it is to build a custom site. Custom websites can cost a lot. I spent well over six figures on BlueRoof.com, and it’s tough to pay that kind of money, especially if you have no experience converting online leads and have no idea what sort of return (if any) on your investment you’ll get. But help is on the way.

Point2 and other template sites serve their purpose, to be sure, but I think many agents who have a Point2 websites would like to have something better.

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In February there will something much better.

See it here:

http://blueroof.wordpress.com/2008/01/18/blueroof360-industry-best-realtor-websites-lead-and-client-management/

The Media Says Now is a Good Time to Buy

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That wacky media, and it’s incredible contradiction… From the Deseret Morning News come this article talking about how Salt Lake’s stellar economy and job growth are shielding it from the same harm some other markets are facing (sound familiar?) From MSN Money comes this article  about buying real estate now, and this one  saying now is a good time to invest in builder stocks because the market is collecting a strong pent-up demand from homebuyers.

From the Article,

“Employment is still strong and plenty of folks who have the desire and the means to buy aren’t doing it. Why? For most of us, buying a home is the biggest investment we’ll ever make. Would you buy a house when everyone is telling you that home prices are headed down? Me neither. But the demand isn’t going away. The ready and willing buyers are waiting for a signal that home prices have stabilized. Everybody wants a bargain, and many will rush to buy if they think that prices are headed back up. That signal could come early next year.”

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Even Donald Trump is saying that now is the time to buy. On Larry King October 21st, Trump says,

“It’s an amazing situation. There are tremendous opportunities. You know what’s interesting, I was begging people not to buy real estate two years ago. And everybody was interested in buying. And now they are less interested, and this is the time they should be going out — not buying, negotiating to buy. This is the time. “

Trumps also addresses the foreclosure issue,

“TRUMP- But this is the time. You were talking about books. This is the time that people should be going out and making unbelievable deals on real estate. And one other thing, Larry, you read all the about subprime and all about the people (ph). I don’t understand where these people come from. The bank sends them a letter, and they leave. They send them a letter, you have to be out. They leave. Why don’t they call up the bank and negotiate?

KING: Yes, everything is negotiable.

TRUMP: The bank doesn’t want to take over their house. I mean, the bank, whether they are nice or not. What are they going to do, put security people in there? I mean, the bank, you can sit down. You can make a better deal than you would have made five years ago with the bank.

Cut the price, make it interest, make it long-term. The bank needs these people. But what happens is the bank sends them a notice, the people leave. I don’t get it.”

Makes sense to me- when it’s a buyers market- that would be the time to buy. There is pent-up demand because people get scared, but here’s the thing about real estate- you don’t wait to buy real estate- you buy real estate and wait.

Buying a home is a long term investment. You buy a home and enjoy the tax benefits and the pride of ownership and as the years pass you enjoy making a lot of money from your home rising in value. Most of the wealth in this country has come from real estate. Most people who have wealth have made that wealth through real estate- either all or in part, through owning real estate.

Of course the market goes through cycles, but if you stay for a while, all real estate (especially in metropolitan areas) goes up in value.

The media as a whole is one of the biggest factors in different real estate markets suffering this year, but it’s not everyone. People who know investing know the best time to buy is when everyone else isn’t buying. And in real estate, the best time for buyers to buy is in a “buyers market”. Hence, the name…

Speaking at NYC Inman Connect Jan 9th-11th

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The annual New York InMan Connect Conference will be January 9th through the 11th, hosted at the The Marriott Marquis in Times Square. 

I’ll be speaking at the event in a session titled, “Tapping New Methods for Finding Buyers.”

From the InMan Speakers page;

Real Estate Connect provides the highest quality content and speakers to create an unparalleled learning and interactive experience. Speakers include prominent executives, entrepreneurs and innovators from real estate, mortgage, finance and technology’s leading companies. In addition, you’ll find the celebrated and controversial, including key journalists, authors, influential bloggers, and visionaries who track industry trends.

Featured speakers at Real Estate Connect NYC 2008 include:

  • Rudy Bachraty, Co-Founder, Sellsius & Founder, Kiosk Realty
  • Simon Baker, CEO & Managing Director, REA Group
  • Jeffrey Bastress, President, Startpoint Realty
  • Kris Berg, Broker Associate, Prudential California Realty
  • Teresa Boardman, Realtor/Broker, Keller Williams Integrity Realty
  • Kevin Boer, Founder, 3 Oceans Real Estate Blog
  • Brian Brady, Managing Director, Worldwide Credit Corporation
  • Joleen Brannigan, Chief Operating Officer, Grace Hill
  • Frank Breithaupt, VP of Marketing, Affiliates and Operations, Homescape
  • Chris Brown, Vice President Product Development, Apartments.com
  • P. Morgan Brown, Chief Operating Officer, New Day Trust Mortgage
  • Joel Burslem, Social Media Manager, Inman News
  • Jonathan Butler, Founder, Brownstoner Media, LLC
  • David Cardwell, VP of Capital Markets & Technology, National Multi Housing Council
  • David Charron, President & CEO, MRIS, Inc.
  • Sherry Chris, President & CEO, Better Homes and Gardens Real Estate
  • Walt Clark, Sr. Vice President, Transaction Management Solutions, Fidelity National Real Estate Solutions
  • Renwick Congdon, Chief Executive Officer, IMPREV
  • Jeff Corbett, Author, The XBroker Blog; President, RealEspace
  • Matt Corgan, Director of Technology, HotPads
  • Tamela Coval, Director of Business Development, Apartment Guide
  • Marc Davison, Partner, 1000Watt Consulting
  • Jason Doyle, Division Vice President, Homes.com
  • Jim Duncan, Realtor/Real Estate Consultant, Real Central VA
  • Thomas Evans, President & CEO, Bankrate, Inc.
  • Robert Eychner, President, Eychner Associates; 2007 President, Manhattan MLS
  • Richard Ferrari, Senior Vice President, Prudential Douglas Elliman
  • Dr. Mark Fleming, Chief Economist, First American CoreLogic
  • Pete Flint, Co-Founder & CEO, Trulia
  • Michael Fortinberry, President, CrossFire Sales & Marketing Systems
  • Marty Frame, Chief Information Officer, Fidelity National Real Estate Solutions
  • Lloyd Frink, President, Zillow
  • Hector Gavilla, President, DiamondHomeVideos.com
  • Jamie Glenn, Vice President, Product Management, Trulia
  • Matthew Goldstein, Chief Operating Officer, LifeAt
  • Kate Good, Marketing Solutions Expert, KateGood.com
  • Dan Green, Chief Blogging Officer, Bring the Blog
  • Matthew Haines, Founder & Chairman, PropertyShark.com
  • Bob Hale, President & CEO, Houston Association of Realtors
  • Matt Heaton, Chief Executive Officer, ActiveRain
  • Douglas Heddings, Senior Vice President, Prudential Douglas Elliman
  • Dottie Herman, President & CEO, Prudential Douglas Elliman
  • Erik Hersman, Principal, Zungu LLC
  • Edward Herson, Vice President, Halstead Property, LLC
  • Glenn Houck, Co-Founder, LeadQual LLC
  • Bradley Inman, Publisher, Inman News