disintermediation: Redfin: Born a Discounter but always knew they were a Traditional - 04/08/08 03:10 PM
Today Redfin announced that they will offer a higher level of buyers service called Redfin Select to a limited number of clients, and for those clients they will be reducing the commission rebate offered.
I hate to see Redfin move their business model away from the edge. The edge is cool, daring, … (17 comments)
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disintermediation: Is Realtor.com becoming irrelevent? Thoughts? - 02/16/08 02:59 PM
As I have posted before, The Information Genie is out of the Bottle! it is no longer our job to hand out information, but to maximize the value of the informaiton available and put it in context for our clients, both Buyers and Sellers and then use our local knowledge regarding … (1 comments)
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disintermediation: The Information Genie has left the Bottle! Web 2.0 - 01/19/08 07:06 PM
Consumer Driven Information - Real Estate 2.0 or The Information Genie has Left the Bottle!
Information is Power. For years, Realtors have been the gatekeepers of information related to local properties. For a fee i.e. commission they utilized the information to bring buyers and sellers together. Over the last couple of years … (1 comments)
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disintermediation: There is a level playing field for the distribution of our useful knowledge & information! - 12/16/07 10:56 AM
With a leveled playing field for the distribution of useful information, the complete customization of incoming information for all consumers is now possible. Our clients & prospects don't necessarily need to stumble upon our advertising or marketing efforts in order to be thinking of us and readily informed. It means that … (0 comments)
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disintermediation: Disintermediation - 11/27/07 09:13 AM
The distribution of your advertorial content, which is valuable to so many, no longer relies upon traditional media. Disintermediation means that, rather than depend on Newspapers, TV Programming, Magazines & Web- based Media to distribute your advertorial message, you can depend on your blog to get it to your target audience. Direct.
Please read on here.
Chris
Real … (2 comments)
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disintermediation: Zillow and Diz-intermediation - 06/07/07 01:59 PM
Yesterday I received an e-mail which revealed both the potential and the pitfalls of purchasing real estate online. Here was the e-mail in full, sent by a Zillow user regarding one of my Phoenix homes for sale: my offer 247k
Putting aside the fact this came without a name, with only … (23 comments)
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disintermediation: Tennessee Association earns Pyrrhic victory - 05/31/07 05:59 PM
Greg was the first to post the news, courtesy of the Nashville Tennesean:
Gov. Phil Bredesen has signed a bill reinstating a ban on cash rebates for home sales and other real estate transactions, despite opposition from consumer advocates and federal antitrust officials.
The good news is somewhere there’s a lawyer … (2 comments)
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disintermediation: Redfin's So-Called Real Estate Consumer's Bill of Rights - 04/02/07 12:41 PM
Everyone is familiar with the Bill of Rights, in concept if not in the particulars. These 10 constitutional amendments were written in an effort to protect the best interests of the public at large, particularly from those specific items from British rule that were considered most onerous. But what if the … (1 comments)
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disintermediation: Mortgage Pin Nears Housing Bubble - 03/11/07 09:14 AM
There was an explosion of mortgage products on the scene from 2000 to 2005, going from hundreds to tens-of-thousands.
ANYONE could get a loan, even dead people.
On 3/10/2007 it should be no secret that the mortgage world is on the verge of an epic correction. Fraud permeates the … (7 comments)
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disintermediation: The Long Tail of Real Estate Listings - 03/11/07 09:12 AM
There have been a few posts floating around about the end of the traditional MLS…not a MLS, but the MLS.
The ‘Give us your data and we’ll charge you for it and tell you how you can(t) use it’ MLS.
Trulia, Google, Realogy, Zillow, etc all to one extent or … (3 comments)
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disintermediation: Buyers Agents Beware - 03/11/07 09:10 AM
A recent post over on the Inman blog, a question stoked some embers in my head:
If the DOJ wins and NAR is forced to retract policies, what is the likely chain of events to follow? Who wins and who loses?
Gregg Swan of BloodHound fame says:
If the … (0 comments)
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disintermediation: Idiot's Guide to Online Home Searches - 02/16/07 10:18 AM
Editor’s Note: This is Part One in a Two-Part Series The easy joke would have been to have Tobey as the offer but the wife will tell you I’m idiot enough to handle the job.
More than three-quarters of all home shoppers begin their search for their new home on the … (0 comments)
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disintermediation: BloodhoundBlog week in review: Podcasting a wider net . . . - 02/11/07 08:24 PM
Years ago, long before I met Cathleen the Leggy Blonde and came to be so joyously entwined if not actually entombed in matrimonial and connubial bliss, I wrote an essay about personal ads at the dawn of the age of five-hundred-channel television. But now, in the blink of a decade, we … (2 comments)
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disintermediation: Glenn Kelman on Redfin.com's move into Southern California: "I've never had to think so hard in an interview in my life" - 02/08/07 12:48 PM
Extracted from BloodhoundBlog:Here's the newspaper news, and we'll come back to it in due course: Redfin.com today opens three new offices in Southern California: Los Angeles, Orange County and San Diego. The company has expanded its web site to include listings from nine Southern California MLS systems.Here's the real news, which … (0 comments)
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disintermediation: BloodhoundBlog week in review: Nothing exceeds like INTx . . . - 02/05/07 12:51 AM
Surely BloodhoundBlog is not the nerdliest joint on the RE.net, but we’ve still got a lot of arrows in our quiver — er, pocket protector.
For a start, I pinned the tail on Redfin, arguing that nerdy INTx geeks are in fact their target market. (Sing along: “I’m fluent in JavaScript as … (7 comments)
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disintermediation: Transparency And The Wizard Of Oz - 01/30/07 08:28 AM
OZ’S VOICE: Do not arouse the wrath of the Great and Powerful Oz! I said — come back tomorrow!
I bought my first house in 1984 when I was 22 years old. It was in Speedway, IN.
I do not remember much about the detail of the transaction, but I do … (28 comments)
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disintermediation: BloodhoundBlog week in review... - 01/28/07 07:00 PM
BloodhoundBlog week in review . . .By: Greg SwannJanuary 28th, 2007Category: Blogging, Disintermediation, Real Estate, MarketingWe had quite a week at BloodhoundBlog. If you haven’t had a chance to stay abreast of the trail we’re running, here’s a summary of the week’s most significant weblog entries.
We added three new contributors this … (5 comments)
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disintermediation: Disintermediation? Not Me. Not Yet. - 01/28/07 10:37 AM
Here are the first three comments from the post I put up last night at BloodhoundBlog.com...
Broker Bryant January 28th, 2007 8:23 am Love the post Jeff, It’s the intangibles that I bring to a transaction that are valuable. Solving problems and keeping folks focused on the end result is what I … (17 comments)
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disintermediation: The ORIGINAL Realtor® value proposition - 01/11/07 04:52 AM
Disintermediation has become a heated topic among real estate agents in the past few years. For some/many, disintermediation is synonymous with the apocalypse experienced by the travel industry. Seemingly almost overnight, travel agents across the nation and the globe saw their livelihood dwindle to embers in a field that had seemed … (20 comments)
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disintermediation: Why Do We Charge the Seller Anything? - 01/05/07 04:54 PM
I saw this comment on a post about an Internet "Listing Site":
"If "listings" are so quickly distibuted to the "mega" sites in order to gain maximum seller exposure, why do we charge the seller anything, when they can do it theselves?"
I responded, and then thougt it might provoke some good discussions. Hence … (7 comments)
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disintermediation: Disclosing Your Competitions Weakness? - 12/27/06 02:51 PM
This is a further dissection for discourse of Mark Nadels (who is not an FTC attorney, he is an attorney and works for the federal government, and has presented his work at a 2006 FTC Bureau of Economics seminar..sorry Mark :)) critical assessment regarding traditional real estate brokerages revenue and … (49 comments)
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disintermediation: Musings on Disintermediation - 12/21/06 11:19 PM
Big words are a frustration to me. I know they are a sign of intelligence, but I also think they can be a way of separating groups of people, those in the know from those not in the know. They are similar to jargon which is understood by those in a … (3 comments)
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disintermediation: Marketing your Competitions Weakness - 12/21/06 10:06 AM
This was posted Tuesday as part of the Yankee Blog Swap....I have pull the identical article over here..I want to thank Jon Earnest, The Property Monger and his off center sense of humor...and the fact he's a Yankee basher ;)
In honor of my fist Yankee Blog Swap, and considering … (44 comments)
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disintermediation: Why the Internet will never disintermediate Realtors — Part 1: It’s the relationship, stupid - 11/15/06 12:55 AM
Note: If this blog entry looks familiar, it's because this is the second time I'm posting it. The first time, some gremlins came and by the time they were done, this entry had disappeared. :( Here it is again...
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Realtor-haters and Internet-fearing-Realtors may not love each other, and they may not have … (1 comments)
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disintermediation: Disintermediation....How will if affect you? - 11/11/06 08:24 AM
In case you missed it, last nite, Broker Bryant , with the Lovely Wife at his side, went out of the Rain and invited a consumer back for Cocktails! This is the second time I have seen him do this. There may have been more.
The subject was basically how do you … (15 comments)
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disintermediation: The Potential Effect of Transparency in the Mortgage Service Industries - 11/08/06 04:04 PM
Some members of blogging and other community platforms I belong too tend to misinterpret my MO…calling me ‘negative’, an ‘idealist’, ‘mud-slinger’, etc. Contrary to popular belief, I’m not the Grim Reaper, although my posts may have a sensationalist, tongue-in-cheek, even rapine roll to them; so at times it is hard … (10 comments)
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disintermediation: Disintermediation Effects of the Internet and the Outsourcing Movement - 11/06/06 10:26 PM
Kevin at 3Oceans makes solid points on why the internet won't put Realtors out of business like the travel agents. On a larger scale, industries that are prone to disentermediation by the internet must also contend with the disintermediation effects of outsourcing to lower wage countries. In both cases, American jobs … (19 comments)
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disintermediation: Fear Not Disintermediation; It's Customer Relevance You Should Focus On - 11/04/06 10:22 AM
In a separate thread (Open MLS for the Public but still No Complete MLS for Brokers) over on Mitchell Hall's AR blog, I saw a couple of comments that led to a comment that led to this post. Make sure you read the entire post and comments - it got me thinking.
"Selling a … (11 comments)
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disintermediation: Zillow vs Realtor.com: The Video - 10/27/06 10:42 PM
The video has that everyone has been waiting for has finally arrived folks.
Watch it here.
… (9 comments)
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disintermediation: Realtor.com: Top 10 Complaints - 10/23/06 12:32 PM
Since Allan Dalton of Realtor.com chastised Zillow, there has been a flurry of posts and comments about how Realtor.com may not be serving NAR members effectively.
Here are 10 of the top complaints we found:
Not a consumer friendly site. Listings lack details and contact informationLead Capture - requiring consumers … (10 comments)
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disintermediation: Realtor.com vs. Zillow.com: Realtor's Allan Dalton Calls Zillow Carnival Act - 10/19/06 10:18 PM
Hot off the presses!
Realtor.com President Allan Dalton had some harsh words to say about Zillow, according to a report in OCRegister.com. According to reporter Jeff Collins:
"Allan Dalton bitterly criticized Zillow.com, likening the site's trademark Zestimates of home values to a carnival weight and age guesser."
Could this have been the … (28 comments)
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disintermediation: Social Networking for Dollar$ - 09/25/06 09:49 PM
With the recent discussions regarding disintermediation in the real estate field, I thought this novel approach might raise the interest and hackles of some Rainers.
The innovation? Peer-to-Peer lending.
The Disrupted? For now, the banks. (Tommorow, other lenders?)
The Disruptor? Zopa
Zopa, a start-up out of the United Kingdom, has set up a web … (6 comments)
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disintermediation: Back to School~Today's word...Disintermediation! - 09/23/06 10:57 AM
I live in Chico, California, which is the home to thousands of college students. From time to time, I have high school and college students call me up to ask me questions for a class project that they are doing. I LOVE these calls! To have a child or young adult … (10 comments)
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disintermediation: Wikipedia - Disintermediation - Real Estate Industry - "Still in Progress" - 09/05/06 05:08 PM
Wikipedia says that the real estate industry is "Still in progress (due to legal or structural obstacles)" of being disintermediated. Is it right? What would happen if 90% of the real estate agents retired in the next six months?
Would housing prices go down?
Would the 'time on market' go up?
Would transaction … (7 comments)
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disintermediation: Technology: Threats and Opportunities - 08/20/06 02:20 AM
Hard to believe: within the span of 25 years I learned to set type by hand as a graphic design student at a college in Switzerland and saw the profession of typesetter vanish. Despite having gone digital the typesetting business was wiped out by desktop publishing. Now anybody can and anybody … (8 comments)
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