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Crowdsourcing in Real Estate?

Crowdsourcing has been in the media a bit lately.  If you haven't heard the word previously, crowdsourcing is the use of a group of people coming together to gain purchasing power e.g. Groupon.  I'm sure the words crowdsourcing and Groupon will be newly added words in the next version of a dictionary.  The procee is similar to Walmart but on a smaller scale where individuals purchase large quantity of goods at a discount. 

Crowdsourcing is also used to brainstorm in a common setting to solve a problem.  At Dallas Raincamp 2010, Brad Andersohn provided an example of crowdsourcing.  The organization that he shared was 99designs.com, a company that has multiple individuals bidding to produce a specific logo. 

In the real estate industry, crowdsourcing can be utilized to produce marketing materials, logo design, and in the hiring process (Linkedin).  I've been contemplating how I can utilize crowdsourcing in conjunction with social networking such at Facebook, to aid in buying and selling real estate.  Any ideas?

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Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Leolinda, Thanks for introducing me to 99 Designs.  What a great business and great opportunity for those of us inbusiness! I was not familiar with crowd sourcing either.  You are a wealth of info today!  Thanks!

Jan 22, 2011 05:48 PM
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

Sharon, the sun is out and I'm thinking up a storm.

Jan 22, 2011 08:22 PM
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Learn something new every day on the AR. I have to do more research on this one.

Jan 23, 2011 01:10 AM
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

Harry, it's all about standing out in the crowd and utilizing the mountains of information on the subject.  I've just started my research.

Jan 23, 2011 01:51 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Great information, Leolinda - you always brings us such great ideas - even if you don't know how to pick a football team, LOL. 

Jan 23, 2011 07:25 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Sounds like a HUI to me.  Get your friends together and pool your funds so you can afford to buy property in Hawaii... haha, you know the drill.

Jan 26, 2011 12:13 PM