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- Online Travel Sites: comScore November Top Sites [view article]
- Google Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
- Stocks Covered by The China Stock Blog [view article]
- ZipRealty + Zillow Could Be a Winner [view article]
- Stocks Covered by Seeking Alpha on Internet Stocks [view article]
- Thomas Weisel Analyst Throws In The Towel On Cendant (CD) [view article]
- Ctrip: An Acquisition Target? (CTRP) [view article]
- The Internet Danger List: stocks at risk from Spitzer's attack on Adware [view article]
- IACI spin-off is an admission of failure [view article]
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Online Travel Sites: comScore November Top Sites [view article]
The challenge that most online booking giants have is loyalty--or lack of it. They spend millions of dollars each week with hopes that they will attract a customer. YTB's model is totally different in that each YTB agent has a small circle of loyal family, friends or associates that will book with them, given all other factors are equal. That is why YTB is capturing a large market share. ReplyGoogle Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
As a home owner who is looking for a new home (I am an gen X ) I would say that the internet is the only way to go- we find listings through zip realty, google, trulia, zillow, realtor.com (Zip is the best as it allows the best search options). Then we map it on google earth to see the property over all ~ie will it fit our toyhauler? RV gate dose not mean RV parking ~ the we search the web for any other pictures we can find - drive by it our selves then if we want to see it call our realtor. Saves everyone time. So realtors are needed although 6% seems pretty high to settle terms and sign papers! She does not match us with houses on her own only set up a search on their sight that usually does not narrow down our specifics enough. When we drive by a property we like we take down an address then hit the web We are amazed when we can't find it on the web and we don't persue it any further in this market there are too many hosues out there to be calling a bunch of realtors only to have them bicker about who is representing who is listing who is co-listing etc etc . The realty model is going to have to change becaouse it is driving us out . we are going to list our house ourselves as soon as our realtor contract runs out. Why pay 6% for the realtor when that can amount to over half of your profit? Any way just my perspective. Replyer
Stocks Covered by The China Stock Blog [view article]
yeah great idea!!On Jan 18 07:14 PM Anonymous wrote:
> CHMD looks like a great China Company to invest in. Reply
Editors
General Discussion on CD
Is this a buy or a sell? ReplyGoogle Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
Great response. I am a Broker in a very rural market. You are absolutley correct about the level of serices and competence customers receive regardless whether they are from a large franchise or a small mom and pop business such as ours. We live and work in our market area and in my opinion, the most knowledgable about our market. ReplyOnline Travel Sites: comScore November Top Sites [view article]
I think the day is coming when we'll start to see companies like YTB who have travel retail sites showing up on the radar as well. I have to say that having been neck n' neck with the bigger ones like Expedia and Travelocity in the search engines myself (for keywords I optimize), I can see YTB becoming a strong competitor in Travel.Tim
www.ytbtravelworldwide... Reply
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Online Travel Sites: comScore November Top Sites [view article]
Travelocity is the front end to (YTB (Your Travel Biz). With YTB you have a great opportunity to start a successful home based business.Rick
www.ytbsource.com Reply
ZipRealty + Zillow Could Be a Winner [view article]
The problem with those great sites like Zillow is that the information is so far from factual and the aerial photos and street names and addresses are so old, in many cases,..some of the photos in my particular area are over 10 years old or more ! The aerial photos in my particular subdivision show huge areas that are vacant land and I know for a fact that some of the homes in those areas are more than 10 years old,...so how does that affect credability ??? Even some of the current sales prices are off by $20-$30,000 . ..so how can one see any value in visiting that site or similar ones. Unless those companies get up to date info. they are simply dead ducks !I am a Realtor,..25 years in the practice and my own subdivision as presented by Zilllow ,..is so out of touch it is simply amazing. The values they place on homes are 5 years ago values !! LC Reply
Google Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
I am still a firm believe in the Rent.com model, which is far more robust for apartment searched, has more inventory than anyone and is obsessively focued on this ReplyGoogle Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
Hum!! Interesting, just after last post, it came a CBSNews article: "Realtors' Commission Fees Are Under Assault" keyetv.com/business/fi...By the way, to summarize what I tried to say. The need of a Realtor will always exist since the US laws requires that an agent opens the door at least once before it sells. But my point was that real estate agents are the ones responsible for the proliferation of discount brokerage claiming that is not fair to keep the whole 6% commission, since the buyers found all the information he needs online, thus they should give back part of its commission. Bringing all this to the topic of this thread, the problem rely on by feeding sites such as Trulia, Zip Realty, Google Base, or by giving online information about schools, neighborhood, map of the area, perfect sizes of the rooms, 20+pictures of the house, virtual shows, etc, etc… All the services that once were done by an agent in on-on-one contact, now everything transferred to an online service. Off course, agents can’t send the key of the house to the buyer go and see it, so they will always need a realtor, but this realtor will be the one that gives part of the commission to them.
More article about this: CNN: money.cnn.com/2006/04/...
NYtimes: www.nytimes.com/2006/0...;en=17e433c1e1651e1c&a...
Other: www.nytimes.com/2006/0...;en=5892d422b169a166&a...
And there are dozens more since the media loves to talk about the 6% commission. Reply
Google Real Estate in Secret Beta; Threat to Cendant, Move.com, HouseValues, ZipRealty (CD, GOOG, HOMS, SOLD, ZIPR) [view article]
I know this is an old thread but I will leave my opinion anyway.Well, First of all, Google base will hurt not only these sites mentioned above, but all real estate websites. We will see agents crying everywhere for so much time in Seo and online marketing to get the number 1 position in Google for nothing, since Google base own what I call number 0 position. Just search for "New York real estate" or "new York homes for sale" and see who number zero is. Just to remember, once upon a time we all choose Google as our main search engine and thus, Google base will be chosen as the main housing search over the net, no doubt of that.
Ron Carpenito, I believe you might be wrong about your argument “of the need of a REALTOR”. (By the way, my wife is a realtor, and I have 10 years experience in marketing and marketing psychology applied to real estate, so I just want to give my opinion based on experience)
Your opinion is biased on the people who are buying houses now, which are the x-generation people (30's and up). However, if you start thinking about the generation Y as the people buying houses today, then you and all real estate agents would be very scared. In marketing Psychology, the generation Y is actually called “Net generation”. And this net generation are the ones buying cars today, and believe or not, car dealers are amazed and surprised on how these kids arrive there, knowing every single button, car dimension, and everything inside the car. Car dealers no longer need to trainer their employees as before because these kids go over there just to negotiate and sign the papers anyway. So believe me, they will do the same thing in real estate. Now, who to blame? Oh boy! I blame all real estate agents and brokers who lack knowledge in online marketing and accept any thing offered by the snake oil ITs and web developers out there. Every single day, these people push you some sort of technology, and very few of them is good for the agents career. Trulia is example, what is going on with agents anyway? How come it’s possible to think that a map search is good for you? You need people to call you and ask you to drive them there, ask you if the house is located in a corner, or perhaps the house is located in a busy street; you just transferred the job a real estate agent is supposed to do to an online service. Is just like the stupidity of place a school information button on your website, area information button, calculator button, virtual shows and every day a new thing. The entire job that once was done by an agent is now done over the internet and that because the REATORS themselves are doing it, damaging their own career. And now you wonder why CNN, NYTimes and many others love to write a head line mentioning that the 5% commission is not worth it for its service. Well there is a bit of true on that, ALL THE SERVICE NOW IS DONE ONLINE anyway. Regardless this generation-Y, they will get all the information out of your site and buy with those online brokerage that give part of their commission to the buyer, such as sidebyside and redfin. So, in a near future, or you become one of these online brokerage firms and give part of your commission to the buyer, “by the way your salary will be as same as a Mcdonald employee” or the real estate agencies will disappear just like the travel agencies.
Sad story.
(didn’t proofread by the way) Reply