Comments on: New Website, New Boston MLS Rules: Unleash The Hounds! http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html Redfin Corporate Blog Sun, 22 Nov 2009 20:09:04 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Boston MLS http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-6350 Boston MLS Mon, 10 Aug 2009 06:59:28 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-6350 You know so many interesting infomation. You might be very wise. I like such people. Don’t stop writing. You know so many interesting infomation. You might be very wise. I like such people. Don’t stop writing.

]]> By: George O'Neill http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-4013 George O'Neill Tue, 07 Oct 2008 16:50:17 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-4013 Congratulations! I think the MLSs will eventually get it - it may take more time for some than others, but it will come. Service today is about providing expert assistance when called upon, not about withholding information to attract consumers. When you give, you get. Simple. George Congratulations! I think the MLSs will eventually get it – it may take more time for some than others, but it will come. Service today is about providing expert assistance when called upon, not about withholding information to attract consumers. When you give, you get. Simple.

George

]]> By: Terry LeClair http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-4006 Terry LeClair Mon, 06 Oct 2008 13:16:33 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-4006 Anon...you seem to think that "the existing cartel is running scared" quite the contrary...if your comments refer to our commission structure then I agree...we need to increase our value proposition and service we offer buyers and sellers...just be careful how you treat the dinosaurs...they took millions of years to wipe off the earth and with the money behind organized real estate you may find it's going to take a bit to get rid of us...well the REAL professionals anyway. Terry Anon…you seem to think that “the existing cartel is running scared” quite the contrary…if your comments refer to our commission structure then I agree…we need to increase our value proposition and service we offer buyers and sellers…just be careful how you treat the dinosaurs…they took millions of years to wipe off the earth and with the money behind organized real estate you may find it’s going to take a bit to get rid of us…well the REAL professionals anyway.
Terry

]]> By: Emily http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3961 Emily Fri, 03 Oct 2008 06:41:42 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3961 A study on the housing inventory in the neighborhoods in and around Boston is showing an overall reduction in inventory and some increases in median and average sale prices. The big winners were the South End and Back Bay. Along with the South End’s 3.21 month supply and the Back Bay’s 5.77 month supply, each area has also enjoyed an increase in average sale price. The South End increased 5.4% to $642,969 and Back Bay jumped 7.6% to $932,316. A study on the housing inventory in the neighborhoods in and around Boston is showing an overall reduction in inventory and some increases in median and average sale prices. The big winners were the South End and Back Bay. Along with the South End’s 3.21 month supply and the Back Bay’s 5.77 month supply, each area has also enjoyed an increase in average sale price. The South End increased 5.4% to $642,969 and Back Bay jumped 7.6% to $932,316.

]]> By: Joshua Ferris http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3952 Joshua Ferris Thu, 02 Oct 2008 16:41:29 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3952 Boston eh? When will Redfin be in New York? :) Boston eh? When will Redfin be in New York? :)

]]> By: anon http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3950 anon Thu, 02 Oct 2008 14:09:21 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3950 Awesome! You've got the existing cartel running scared, as evidenced by the posts from Jay and Terry. It's about time. They are dinosaurs and their extinction is long overdue. Awesome! You’ve got the existing cartel running scared, as evidenced by the posts from Jay and Terry. It’s about time. They are dinosaurs and their extinction is long overdue.

]]> By: jay -- JustNewListings.com http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3949 jay -- JustNewListings.com Thu, 02 Oct 2008 13:21:39 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3949 Yes, Terry, most "listing agents" absolutely are mediocre and terrible at what they do as demonstrated by 95% of the listings have small, dark, blurry photos taken by wannabe photographers or pathetic cheap photographers. I did a whole video on this laying out why most listing agents are nothing more than glorified data entry specialists.... Yes, Terry, most “listing agents” absolutely are mediocre and terrible at what they do as demonstrated by 95% of the listings have small, dark, blurry photos taken by wannabe photographers or pathetic cheap photographers.

I did a whole video on this laying out why most listing agents are nothing more than glorified data entry specialists….

]]> By: Terry LeClair http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3948 Terry LeClair Thu, 02 Oct 2008 13:04:37 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3948 Bad analogy using Google search to compare to registering and getting strapped into a drip campaign. The difference between the two...Google was not HIRED to market, promote and inevitable sell the product that is being searched...as REALTORS WE ARE! I totally agree that having a registration process to gain simple information is not what the consumer wants and is not doing your seller any good. But here is the problem with REALTORS and the online real estate companies....you’re all too lazy!! I am a licensed Broker/Owner...I am a trainer...I own a tech development company but the last thing I or any of my REALTORS are, is lazy... Most REALTORS and online companies want to give the world all this static insufficient information and expect the consumer to be captivated by it. There only way to capture leads is thru sheer numbers...put everything out there and hope that one or two fish stay in the net...why don't we as an industry try and work a little harder up front...take more detailed notes in the house...take better photos...provide more services on our sites...give the consumer a better online experience and more not less! If putting someone in a "good" drip campaign creates a relationship or creates numerous positive brand impressions what's wrong with that? We are paid stupid money to market, promote and SELL peoples homes...is giving the consumer everything up front the way to do it...can Google not do that for the sellers...can Microsoft not do that...can Wal-Mart not do that? Why would they need us (REALTORS)? What is our value proposition? To who ever will listen....IT'S NOT ABOUT THE NUMBER OF VISITORS, its ABOUT THE QUALITY OF THE VISITORS AND THE EXPERINCE THAT WILL CAPTIVATE THEM!! Terry LeClair Creator/CEO Realty Sites Plus (to be launched in 3 months) Broker/Owner Prudential LeClair & Associates Realty Bad analogy using Google search to compare to registering and getting strapped into a drip campaign. The difference between the two…Google was not HIRED to market, promote and inevitable sell the product that is being searched…as REALTORS WE ARE! I totally agree that having a registration process to gain simple information is not what the consumer wants and is not doing your seller any good. But here is the problem with REALTORS and the online real estate companies….you’re all too lazy!! I am a licensed Broker/Owner…I am a trainer…I own a tech development company but the last thing I or any of my REALTORS are, is lazy…

Most REALTORS and online companies want to give the world all this static insufficient information and expect the consumer to be captivated by it. There only way to capture leads is thru sheer numbers…put everything out there and hope that one or two fish stay in the net…why don’t we as an industry try and work a little harder up front…take more detailed notes in the house…take better photos…provide more services on our sites…give the consumer a better online experience and more not less! If putting someone in a “good” drip campaign creates a relationship or creates numerous positive brand impressions what’s wrong with that? We are paid stupid money to market, promote and SELL peoples homes…is giving the consumer everything up front the way to do it…can Google not do that for the sellers…can Microsoft not do that…can Wal-Mart not do that? Why would they need us (REALTORS)? What is our value proposition?

To who ever will listen….IT’S NOT ABOUT THE NUMBER OF VISITORS, its ABOUT THE QUALITY OF THE VISITORS AND THE EXPERINCE THAT WILL CAPTIVATE THEM!!

Terry LeClair
Creator/CEO
Realty Sites Plus (to be launched in 3 months)
Broker/Owner
Prudential LeClair & Associates Realty

]]> By: jay -- JustNewListings.com http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3947 jay -- JustNewListings.com Thu, 02 Oct 2008 12:30:16 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3947 From the beginning Redfin should have been on the same rules as everybody--anything less was cowardice and ignorance by "traditional" brokerages. The reality is that the overwhelming majority of buyers pay more for their home without an excellent selling agent than they would on their own. I've see it countless times and documented in a blog post I wrote on these "floaters". So Glen acts like the selling agent is costing the buyer money, but if they have a good selling agent it's not true. The excellent agent will help the buyer pay a lower net sales price than if he had gone it on his own. The challenge for the buyer is aligning himself with the right selling agent to represent/negotiate for himself. It's that simple. And I cannot stress enough that pithy rebates do not match aggressive/effective results of an excellent selling agent. Who is most likely to be a better negotiator, an agent who depends on a rebate gimmick to even exist in the business or an accomplished agent who represents tons of buyers each year with 20 or 30 or 50 transactions on the buyer side? I'll put my money on an agent who is accomplished and proven when it comes to negotiating every time. But for some brutally honest advice on selecting a selling agent scroll to bottom of article of my post on "floaters": http://www.justnewlistings.com/arlington-virginia-blog/jay-seville/ouch-buyer-lost-40000-dont-be-a-floater-dude/show/ From the beginning Redfin should have been on the same rules as everybody–anything less was cowardice and ignorance by “traditional” brokerages.

The reality is that the overwhelming majority of buyers pay more for their home without an excellent selling agent than they would on their own. I’ve see it countless times and documented in a blog post I wrote on these “floaters”. So Glen acts like the selling agent is costing the buyer money, but if they have a good selling agent it’s not true. The excellent agent will help the buyer pay a lower net sales price than if he had gone it on his own.

The challenge for the buyer is aligning himself with the right selling agent to represent/negotiate for himself. It’s that simple.

And I cannot stress enough that pithy rebates do not match aggressive/effective results of an excellent selling agent. Who is most likely to be a better negotiator, an agent who depends on a rebate gimmick to even exist in the business or an accomplished agent who represents tons of buyers each year with 20 or 30 or 50 transactions on the buyer side?

I’ll put my money on an agent who is accomplished and proven when it comes to negotiating every time. But for some brutally honest advice on selecting a selling agent scroll to bottom of article of my post on “floaters”:

http://www.justnewlistings.com/arlington-virginia-blog/jay-seville/ouch-buyer-lost-40000-dont-be-a-floater-dude/show/

]]> By: Glenn Kelman http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html/comment-page-1#comment-3944 Glenn Kelman Thu, 02 Oct 2008 06:03:32 +0000 http://blog.redfin.com/blog/2008/10/new_website_new_boston_mls_rules_unleash_the_hounds.html#comment-3944 Hi Jim, if no other brokers existed, we would simply charge a flat fee for our services and return any commission paid by the seller entirely to the consumer. The only reason we don't do that now is because so many buyers believe their real estate agent is free, when in fact he is paid by the seller. As for whether we can turn a profit, we hope to do that for the first time next summer, but there is still plenty of risk. Hi Jim, if no other brokers existed, we would simply charge a flat fee for our services and return any commission paid by the seller entirely to the consumer. The only reason we don’t do that now is because so many buyers believe their real estate agent is free, when in fact he is paid by the seller.

As for whether we can turn a profit, we hope to do that for the first time next summer, but there is still plenty of risk.

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