What is "2" in Web 2.0? JOIN NEW GROUP

By
Real Estate Broker/Owner with Northern Virginia Homes - FRANKLY REAL ESTATE Inc

I'd like to take a crack at defining the 2 in Web 2.0. (here is the WIKI definition of 2.0)

Many mistake the 2.0 as being simply innovative new websites. But that isn't always correct.

The key to being "2.0" is the added interactivity of user input.

Blogging is 2.0. This is 2.0. Congratulations! But if you have never left comments on a blog (amazingly, only about 1% of readers leave blog comments, except ActiveRain posts get a 7% response rate) you are stuck in the 1.0 world. You have a thought, share it.

Why Share? Why 2.0?

Good question. It is like being a good Samaritan. Your input helps others. Eventually, the input of others helps you. Everyone helps each other and we both prosper (vs competition which has to put one down for one to win). Yes consumer feedback can be manipulated to a certain degree, but when I went to Italy, all I used was TripAdvisor.com's consumer reviews of hundreds of hotels.

Here is another example: I do most of my shopping on Amazon.com (I even paid the $70 once per year for upgraded free 2 day shipping on everything). Amazon is the epitome of Web 2.0.

I was looking to buy a softball glove. The prices were $30 to $200. I found the Wilson A0360 ES14 14" but it had NO PHOTOS! Who the heck is going to buy a glove sight unseen? Well I was able to google the model name and fine a TINY photo deep within the 20th click of a website. I bought the glove, and hoped (Amazon has amazing return policy too, so I wasn't too concerned).

The glove was great!

Amazon then said "What did you think. Share some images."

Not only was I able to review the glove, my photo is now the MAIN photo for this product (see link above). Sales will probably quadruple for this product.

It is also 2.0 since that link is attached to my account. You buy that glove, I make a buck or so.

So the question is when is Real Estate and the MLS going to get into the 2.0 world?

All these fancy new MLS search sites that mash up Google maps into the search results, to me, that isn't 2.0. Albeit neat, that is still 1.0.

  • Redfin tried adding some interactivity and they got slapped with a $50,000 fine. They were blogging about properties fro other listing agents. They are appealing that now.
  • ZipRealty has had home reviews posted by their buyer clients for about a year now.
  • HomePredict.com is neat. It tries to predict the prices homes will close for, but that hasn't really gone anywhere.

What new ways will the MLS morph into Web 2.0, adding user functionality and collaboration?

I for one think that there is a way to make all those photoless listings suddenly have user generated photos. Would you as a buyer agent be willing to create and share your photo album next time you are out showing a property that has no photos?

Suddenly that foreclosure property with no photos, can have photos, seen by all.

Let's also debate whether we would need permission from the listing agent (ZipRealty doesn't for home reviews). If I show Mary a vacant foreclosed house, and I take photos of it, and a week later Edward wants to visit the house, can't I say "Oh, let me show you this album I took of that house." (I do that now) How is that different then letting people surfing my website or blog seeing it?

- Written by Frank Borges LL0SA- FranklyRealty.com (please report typos)

Join my new group: WIKI MLS 2.0 to discuss MLS 2.0 ideas there.

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Anonymous
Jerek
Good post.  I have been thinking of doing a video showing for out of town buyers, where I go through, and tell them about a house and shoot video for 2-3 minutes,  I wondered if I would get in trouble for posting those publicly.  Any ideas?
Nov 07, 2007 11:24 PM #1
Rainmaker
128,012
Tchaka Owen
Galleria International Realty - Hollywood, FL
Frank - I do like the idea of a buyer agent being able to upload a photo for a listing particularly if I have a photo that I think will enhance the listing.  What I do not like though is if buyer agents are doing the listing agent's job for them.  Put it this way, if you have 13 photos up and I have one that's awesome and I add it, I see it as helping you and 'the community' as a whole.  On the other hand, if you don't bother putting any pics up or you've put up a lone exterior photo and 3 months later that's all you still have, I think the client needs a new agent at that point and I'm less inclined to help someone who doesn't bother doing the basics.  And I can assure you that in South Florida, the latter scenario I've described is very common.
Nov 08, 2007 04:31 AM #2
Rainmaker
138,001
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
Northern Virginia Homes - FRANKLY REAL ESTATE Inc - Arlington, VA

The posting of the photos wasn't to help the listing agent that sucks. It was to help BUYERs have a better picture of what is for sale.  

Thanks for your input. 

Nov 08, 2007 05:10 AM #3
Rainer
4,982
Kenneth Fach
Amerisave Mortgage Co - Tallahassee, FL
Wonderful post. So right on the target. Web 2.0 is all about getting involved with one another, providing inputs, feedback, comments, suggestions, ideas. It is community involvement online.
Nov 08, 2007 07:16 AM #4
Rainmaker
138,001
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
Northern Virginia Homes - FRANKLY REAL ESTATE Inc - Arlington, VA

Thanks Kenneth,

Make sure you join the 2.0 group.     

Nov 08, 2007 07:24 AM #5
Rainmaker
93,887
Nancy Pav
Long & Foster - Ashburn, VA
Nancy Pav, Your "GottaHave" Realtor

Frank,

I've found the people on this site incredibly helpful.  In real life, not so much!  I got yelled at by an agent who couldn't find my lockbox among all of the lockboxes on a rail even though it was clearly marked.  I also remember when some agents would steal keys out of bank owned properties so others couldn't see them.

My point is that in an ideal world I think that is a fantastic idea.  In reality, I think it could be disastrous.

Nov 08, 2007 09:47 AM #6
Rainmaker
149,615
Paige Rausch
Fort Myers, FL

We'll now I feel special...2.0'ing and never knew it!!

It's gotta be like throwin' in your 2 cents-LOL 

Paige 

Dec 01, 2007 01:55 PM #7
Rainmaker
138,001
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
Northern Virginia Homes - FRANKLY REAL ESTATE Inc - Arlington, VA

Update, check out http://activerain.com/blogsview/459182/FranklyMLS-com-Launch-World THe World's First Wiki MLS.

Apr 08, 2008 01:51 AM #8
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Rainmaker
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FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com

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