The Real Estate Dot Com Bubble?
from the timing-is-everything dept
Just as it's become clear that the housing bubble of the last couple of years may finally be in decline, has anyone noticed a glut of real estate related dot coms? The latest to hit the scene is Zillow, which tries to accurately predict the value of your home. It seems like a fairly narrow area to focus on (and it's a bit surprising to see them have 75 employees already). The article suggests that their business model is to sell ads, but it seems like they'd need to sell an awful lot of advertising to make this worthwhile -- and seeing the reaction of some real estate agents in the article (who seem to think only they can accurately determine a home's value), this may be an uphill battle. However, it seems like we've been hearing about an awful lot of real estate related dot coms lately -- each targeting a different slice of a market that was booming last year. If someone came along and strung all these different offerings together, maybe there'd be a real business, instead of a collection of random (and sometimes interesting) features.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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There are soo many of these
I dont know a single agent who uses these sites and we can safely assume the vast majority will decline as they realize that it's not that easy to gain a foothold in this market.
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Doesn't change the fact that whoring in a comment is low.
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Let me tell you... the realtors assessment of the value of your house has no true meaning. Only a certified appraiser is authorized to determine this information, as far as most banks, state, and federal governments are concerned. So, a service like this has value to mortgage brokers who want a rough estimate before engaging the services of an appraiser.
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"... And in contrast to many other real estate Web sites, like Realtor.com, run by the National Association of Realtors, or Home Pages.com, owned by Housevalues Inc., Zillow does not try to connect its users with agents..."
From what I read, they are aggregating available real estate data and providing it to the user, which they hope will help the user make an informed decision.
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Treat As Urgent....
How are you doing today? I hope well? However I wish to use this medium to inform you that I have a relatively large sum of Funds for investment; and I would like you to guide me through the most viable investment opportunities in your country. Alternatively, I can invest in your line of business/project if you are interested and if your line of business is viable and lucrative with high cash flow. I inherited these funds from my late father.
The funds is presently deposited in a security company in
Europe, But according to my late fathers will he wanted the funds to be well managed or invest in a lucrative and reputable business project to ensure the management of the funds, It is for this reason that I have made contact with you to know if you are willing to secure the funds from the Security company for investment on my family's behalf in your business project,in which the total funds amounts to [USD$18.5M].
what we need is a partner who will work with my family in securing the
funds for us, in which would be compensated accordingly, immediately this transaction has been executed. Please do get back to me
on , if this proposal is of interest to you ok.
I hope to hear from you soon.
Thanks & God Bless.
Marvin Brown
[For The Family]
marvin.info@gmail.com
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Adding to teh bubble..
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Yeah, lots of redundancy
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The latest thing is a spate of imitators of the Million Dollar Webpage, which was covered on this site. Even if people aren't tech savvy, it wouldn't hurt to just pay attention so that you can tell what's already been done. But real estate agents are blinded by their search for the newest get-rich-quick scheme.
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Why Zillow Makes Sene
If Zillow is successful, it allows the For-Sale-By-Owner market to be much more successful. Don't believe the PR-they are all about picking up the value created in the FSBO market between 6% and a $50 ad.
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Re: Why Zillow Makes Sene
allows you to adjust values great idea works very well this stock is worth it anybody know the symbol super..........................super
great tool for realtors don't be afraid ....great shopping tool for consumer if you dont like this site bigggggggggggggggg mistake these guys have a winner
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A real-estate site I'd like to see
I've seen some Google Map/Real-estate combos but nothing that has a comprehensive list of houses in our market.
That would be sweet.
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It is the first news on megite
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No Subject Given
And I'm suppose to trust these people with the single biggest purchase and subsequent financial commitement I will ever make? Yeah, right...
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a calm response
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I'm happy to pay the Realtor that I work with since A. He only charges me 1% to list a home and B. The longest he has ever taken to receive an offer is 2 weeks.
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Here's what WikiPedia says about "Realtor"
"Realtor" is a U.S. registered collective membership mark identifying a real estate broker or immovable property agent (immovent) who is a member of the National Association of Realtors and subscribes to its code of ethics. Although the term Realtor is sometimes used interchangeably with real estate broker or immovable property agent or immovable property broker (immover), its use is reserved for active members of NAR. All
Realtors (Immovers) possess some kind of real estate (immovable property) license, but not all licensees are Realtors.
As a trademark name (like Kleenex facial tissues and Pampers diapers), "Realtor" should always be capitalized. The NAR requires its members to typeset the term in all capitals with an accompanying ® symbol. Many newspapers and other publications use mixed case in deference to their own style guide."
(end of quote.)
It is highly unusual (but not unknown) for a trademark to be a noun. Usually, much use as a noun "genericizes" and kills the trademark.
I think it is incorrect to talk about "copyrighting" the word Realtor in this context.
- The Precision Blogger
http://precision-blogging.blogspot.com
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All this doesn't matter since their data sucks
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Re: All this doesn't matter since their data sucks
developments recent tax revaluation, I know what
units are what. As a simple test, I chose 4 units
which are identical (in same 'row', same size, same
lot(haha!),etc) and there was a 50k variance (10%).
Further, a larger unit adjacent to these 4 was valued lower.
Moving into an adjacent town, a property which I
personally know the sale price of 4 years ago -
when it was sold to be leveled and mcmansioned -
is listed at the same price. The new owners would
be quite distraught to know they overpaid 2.5X and
that doesnt even consider their 35k+ tax bill!
So yes, this site is a waste of time
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Re: All this doesn't matter since their data sucks
The home I'm currently in - that I bought for $160k is apparently worth $980k after only a year!
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No Subject Given
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Real estate bubble leaking
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Anonymous Info
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Why Real Estate Agents are Held in Low Regard
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Should the newcomer be extra more careful to buy a house right now ?
You don't want to be last to come when the party is over !
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all
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They try
For a very good no bull real estate blog I would highly suggest one look at the San Diego real estate blog the url is:
http://www.brokerforyou.com/brokerforyou
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