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Entries Categorized as 'Real Estate'

Things That Really P*** Me Off

Date July 3, 2008

Vlad has generously allowed me to contribute to his blog, and I thank him for the opportunity. I’ve been in a really foul mood lately, and I’m gonna tell you why. Other than Vlad’s ongoing troubles, I really get annoyed by some things I’ve encountered in my short time as a Realtor®. Some of them occur often, others not so much, but they all qualify as PITA’s. Here’s the “short list”:

I am annoyed by…

  1. agents who purport to be the best thing since sliced bread, but can’t be bothered to confirm my showing requests. Come on people, your client wants to sell their house, don’t they? You want to sell your client’s house don’t you? Then how’s about calling me back to confirm a damn showing before the listing expires, OK? And don’t make me drive 100 miles out of my way to pick up the damn keys. Use a frakkin lockbox or meet me at the property. It’s literally the least you can do.
  2. ...agents who can’t take a picture if their life depended on it, but slap any old pic up on the MLS and call it good. Oh my God, leave that awful picture of the basement being used as a trash dump on the flash card and take a real picture, if you don’t mind. No shirtless relatives, no pets puking on the floor, no kitchens with sinks full of unwashed dishes, no front yards full of toys, trash cans or junk cars, OK? Can you handle that? Good.
  3. ...agents who, even though their listing has been up for a month or longer, can’t be bothered to even take a picture of it, let alone a bad one. Can you take a picture? Do you even have a camera? No? Borrow one, or better yet, buy one. Get your teenage son to take the pictures if you can’t. Or ask Athol Kay to take them for you. You can’t get much better than that.
  4. …agents who take it upon themselves to speak for their clients when you present an offer. Please, DO NOT tell me that your client will not accept my full price, cash offer. DO NOT tell me that they won’t fix an inspection issue or grant an extension. Present the offer! Ask them if they’ll fix the problem or grant an extension. DO YOUR JOB!
  5. …agents who place ads in the paper for a listing, but the picture accompanying the ad is of the agent, not the house. What are you trying to sell, a house or you?? Get your ugly mug outta the ad and show the house, will ya? That’s what buyers want to see!
  6. ...agents who, the closer to closing you get, make themselves as hard to contact as possible. After 10 voicemails, 16 emails and a dozen notes sent by carrier pigeon, do you think you could call me to set up a walk-through?? HUH??
  7. …agents who “buy” listings. The house has no curb appeal, it’s outdated, the seller wants to price it so far above market value that The Donald himself wouldn’t touch it. Your mouth makes promises your performance can’t keep, but you’ve baffled the seller with enough BS to fertilize the Sahara. Puh-lease. If you can’t be honest with the seller and tell him his house will never sell at that price and in that condition, at least be true to yourself and have the decency to pass. Or are you really that hard up for business?
  8. …agents who get emotionally involved in the transaction. OMG, don’t get me started. The next time you call me and yell at me so loud the phone cracks, you call me names and tell me what a jerk you think I am because I told you the truth, you and I are gonna throw down. After I’ve had a cool, calm and collected conversation with your broker…
  9. …agents who expect you to do all the work, theirs included. Um, you want me to what? Set up your inspection for you? Contact a lender to see if they’ll pre-approve your client? Get your client’s signature on a contract because they live closer to me?? Pay for your client’s credit check?? Let an appraiser into your listing because you’re on vacation?? Show your client my listing because you’re at your real job?? Why sure, anything else? Shine your shoes? Wash the car? I’ll do anything…just sign over that commission check to ME on closing day. (And we have done some pretty strange things, because if we didn’t the deal would have fallen apart.)
  10. …agents who think asking my clients questions is OK. You’re asking MY clients why they’re selling? How much of a down payment they can make? Even if they’ve considered using another agent?? In FRONT of me??? Are you NUTS??
  11. …agents who delay putting their listings in the MLS so they can try to sell it themselves first. You know who you are. You take that primo listing because you know the perfect buyer for it, so you sort of forget to enter the listing in the MLS and call them to come see it TONIGHT. No sense in letting any other agents horn in on YOUR commission, right?
  12. …agents who use professional sounding email addresses like, realtor4U@aol.com. Like that has an air of professionalism about it. More like an air of cheapness and laziness, because you can’t be bothered to buy a $10 domain, set up a decent web site and actually use it for your email address. Even johndoe@johndoe.com would be better than your Mickey Mouse address. Sorry, Mickey.
  13. …agents who whine about having no business instead of trying to make business. You know who you are, too. The ones who sit at the office and play Solitaire all day or chit chat with the other whiners. The ones who always watch as we put together deal after deal and then have the audacity to say, “You’re so lucky that so much business falls in your lap. I wish I was as lucky as you are.” The ones who never volunteer for floor time or open houses, have no SOI, never prospect, never do any of the things that would make business for you. No, you’d rather wait for something to “fall in your lap.” Well, good luck. In this case, it’s NOT better to be lucky than good.
  14. …agents who send me flyers about their listings, even though they’re 1000 miles away. I swear these guys have access to the entire NAR email database and they’re not afraid to abuse it. Sorry guys, I do not have any clients chomping at the bit to buy a million dollar condo on the beach, or a 50 acre horse farm in the Rockies, or the Georgian mansion on the 18th green of the golf course. Nor am I myself interested in any of those properties. All you’re doing, as this entire post implies, is pissing me off! I unsubscribe but it does NO GOOD! What do I have to do to make you understand, I don’t want your “spamarketing”, so STOP IT!

Ok. There you have it. Are these legitimate beefs? To me, yes. Are they petty? Maybe. I could have added a few more, but I’ve already hijacked Vlad’s blog long enough. Maybe there are some that I forgot that really get under your skin. If so, drop in a comment and vent. You’ll feel much better. Oh, and before I forget, there are a few things that clients do that annoy me, too. But that’s another post…

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AgentRank- Keep Your Clients Happy To Rank High!

Date May 1, 2008

AgentRankAgentRank is attempting to rank real estate agents based on professional experience, home sales, endorsement from former clients and other variables.

The founders of the AgentRank are very clear that rankings can not be manipulated and if you want to rank well in their system all you need to do is to sell homes and keep your clients happy. One of the factors that will affect agent’s rankings is based on whether or not the agent publishes a blog. Hopefully it will encourage agents using the system to start their own blog.

Out of curiosity I used the system to search for the real estate agents in my area. I found 7 agents, whose rank varied from 8 to 1. I presuming that 10 is the most an agent can be ranked at.

While I did not find any familiar faces, few things about AgentRank system jumped at me. While claiming to rank real estate agents based on endorsements from former clients, there is no mechanism for that if you would like to endorse an agent you worked with in the past. Since some of the agents do have endorsements at AgentRank, it leaves me to think that these endorsements are completely under control of individual agents.

230 yearsWhile one agent on the list is in the real estate for 230 years- a clear advantage as far as rankings are concerned based on professional experience.

To provide unbiased ranking can be a difficult task. I learning that from my attempt of ranking real estate blogs. So I am sure AgentRank is working hard to improve their website and it’s features.

At the end of the day you have nothing to loose when you decide to join AgentRank. The membership is free and you will get some extra exposure and a link to your blog. You can also follow AgentRank Blog for further news and developments. Feel free to come back and share your experience with AgentRank.

New Website Claims To Bring Real Estate Industry Into 21st Century

Date April 16, 2008

bidEupBidEup, a newly launched website, claims to bring innovation to real estate industry, through “patent-pending methodology” (or did they mean technology?). Only real estate agents are welcomed to list properties on the website- at a minimum rate of $120 per 30 day listing. If you would like to list your property with all possible bells and whistles, it will set you back by about $300.

The innovation apparently lies in, as claimed by the website, being “first legally binding virtual market place”. However it is not clear what exactly this “legally binding virtual marketplace” is.

It may very well be that bidEup.com has some outstanding marketing plan in place. However, from a quick glimpse it looks like another “lead generating” website.

New Jersey Association of Realtors: No To Rebates

Date April 16, 2008

Is New Jersey Association of Realtors behind the times? Or is trying to protect both customers and real estate agents? The Inman News had a story today about possible legislation by the New Jersey Real Estate Commission:

The New Jersey Association of Realtors is opposing legislation that would allow real estate brokers and agents to provide cash rebates or other gifts to buyers and sellers.

Members of the state’s Real Estate Commission, a regulatory agency that enforces licensing law in the state, has considered the legislation but hasn’t yet announced a position….

….While officials at the U.S. Department of Justice’s Antitrust Division have taken action to oppose bans on rebates in several states, New Jersey Association of Realtors officials contend that the offer of rebates can actually be harmful to consumers.

As of now, cash rebates by real estate brokers is against the law in NJ. But New Jersey is not the only state prohibiting cash rebates. There are 10 other states that do not allow real estate brokers to offer cash rebates to customers.

Real Estate Blogs Top 100

Date February 14, 2008

The idea to compile such a list was born a few months ago. Just as other similar top lists where appearing. After talking to Mark from 45n5- who is an outstanding programmer and internet marketer, a decision was made to bring the idea to fruition. Mark was in charge of programing the list, while my job was to find the blogs to be placed in the list- an easy job I should say for a former real estate agent.

So I present you today with GeerRealtors Top 100 Real Estate Blogs. It is a must bookmark page for many reasons. Not only will you be able to see who is who among real estate bloggers. You can also see the latest posts from the blogs featured on the list. If you are on the list this will give you an opportunity to see how your blog compares to your colleagues and/or competitors. Visit those blogs and see what are they doing that makes them more popular than yours.

If you visit the list, you will notice that there are actually more than 100 blogs.This means that you also can submit your blog, and then work your way to the top. If I have missed your blog feel free to submit your blog, and depending to the rankings elsewhere (Google Page Rank, Alexa Rankings, Technorati Rank) you may very well end up in the top 100. If not, you have some work to do.

The list will be updated once a week, so if you see N/A next to your blog, it means it was added after the last update. Just bookmark the Top 100 Real Estate Blogs and come to look at it one week from now. Finally I hope the list itself will bring you a visitor or two.

And now, without further ado, I present you with the first edition of Top 100 Real Estate Blogs:

Real Estate Blogs Top 100

GR Rank* Blog Name top100.jpg top100.jpg top100.jpg
1 Apartment Therapy 4 461 20724
2 Curbed 5 2749 32155
3 Inman News Blog 6 12130 34870
4 Brownstoner 6 8447 137136
5 Lansner on Real Estate 5 42090 52158
6 Zillow® Blog 6 17501 148023
7 Future of Real Estate Marketing 3 11756 80208
8 BiggerPockets Blog 3 29692 42467
9 Realtor Blogging Service 5 39041 101093
10 Dr. Housing Bubble 5 34802 118248
11 Sellsius Real Estate Blog 3 11591 94468
12 Nubricks 6 33456 198039
13 Rain City Guide 5 13963 215255
14 The Real Estate Tomato 5 13165 260972
15 Housing Panic 3 18779 150367
16 Agent Genius 4 28253 243589
17 Trulia Blog 5 53658 302100
18 The Real Estate Bloggers 3 23628 221092
19 Overseas Property Blog 5 137774 159636
20 Condo Blog 5 129395 272191
21 Mortgage Fraud Blog 5 72941 418080
22 HisMove 4 103170 241729
23 Miami Condo Investments 4 112625 250963
24 360Digest 5 62410 505650
25 Consumer Mortgage Reports 4 82932 348748
26 Charles and Hudson 5 81766 515494
27 LAS VEGAS REAL ESTATE 4 124139 292310
28 YoChicago 5 57124 618539
29 Piggington Econo-Almanac 3 92012 316173
30 Real Central VA 5 41092 803329
31 Altos Research Real Estate Insights 4 189138 311768
32 Luxury Home Digest 4 110648 492205
33 Technology for Real Estate 4 50119 633386
34 Ubertor Real Estate Blog 4 170597 377857
35 Carnival of Real Estate 4 71974 656356
36 EWM Realtors 4 211248 344229
37 True Gotham 5 103170 810330
38 Bubble Meter 5 162356 683259
39 Mike’s Corner 4 78235 700319
40 New Condos Online 4 360865 56421
41 The Real Estate Zebra 4 59623 786853
42 Sacramento Real Estate Voice 4 129395 727335
43 BlueRoof 4 119246 847456
44 Real Estate Sizzle 4 129395 894749
45 Realty Blogging 4 179530 797181
46 Pine Needle Lawn 5 415686 672779
47 Realty Thoughts 4 140824 990254
48 Arizona Real Estate Notebook 4 166367 952243
49 Triple Mint 5 297907 1532776
50 miOaklandCounty.com 3 89301 1420123
51 Naples Real Estate Blog 3 629416 256388
52 Pittsburgh Homes Daily 5 87977 2672551
53 St Louis Real Estate Voice 4 179530 2252476
54 Texas Realty Blog 3 317977 1530995
55 Real Estate Cafe Weblog 4 517455 2528654
56 BlogArizona.com 4 437475 3061824
57 Go Beyond MLS 2 731678 419104
58 Blue Collar Agents 3 395824 2246269
59 PropertyMaps Corporate Blog 4 1644723 463262
60 Lake Martin Voice 4 437475 3419729
61 Minneapolis Real Estate Blog 3 331293 2597171
62 nyc BLOG estate 3 587893 3043864
63 Property Monger 4 674367 4536111
64 Cobb Real Estate Blog 3 1212405 2617730
65 Edmonton Real Estate Blog 3 2124856 4493571
66 Fliperati 3 1948248 5043858
67 The Silver Bee 4 795643 11709774
68 Vancouver Real Estate Blog N/A N/A N/A
69 Laguna Niguel Real Estate Blog N/A N/A N/A
70 Thoughts about Real Estate N/A N/A N/A
71 The Trump Blog N/A N/A N/A
72 Connecticut Real Estate Blog N/A N/A N/A
73 The Silver Fern N/A N/A N/A
74 Calgary Real Estate Market Blog N/A N/A N/A
75 Dothan Home Search N/A N/A N/A
76 Tucson Real Estate In The News N/A N/A N/A
77 Tampa Florida Real Estate Blog N/A N/A N/A
78 Toronto Real Estate Blog N/A N/A N/A
79 Ian Marshall N/A N/A N/A
80 Long Beach Real Estate N/A N/A N/A
81 Atlanta Intown Lofts N/A N/A N/A
82 Smyrna Vinings N/A N/A N/A
83 South Beach Condo Blog N/A N/A N/A
84 St. Paul Real Estate N/A N/A N/A
85 The Phoenix Real Estate Guy N/A N/A N/A
86 ProHabber N/A N/A N/A
87 Kuna Real Estate N/A N/A N/A
88 Real Life Real Estate N/A N/A N/A
89 Housing Doom N/A N/A N/A
90 Blown Mortgage N/A N/A N/A
91 RealEstateFacts.org N/A N/A N/A
92 The Real Estate Post N/A N/A N/A
93 House Hunting 101 N/A N/A N/A
94 Wilmington NC Real Estate Blog N/A N/A N/A
95 ExpertRealEstateTalk.com N/A N/A N/A
96 Arcadia Housing Blog N/A N/A N/A
97 Outer Banks Real Estate 3 N/A 4213042
98 Reese’s Pieces of Real Estate 4 N/A N/A
99 LendingClarity.com 4 N/A 4293234
100 Appraisal Scoop 4 N/A 771018
Almost
101 The Real Deal 6 N/A 552922
102 Housing Bubble Casualty 4 N/A 1644324
103 Matrix 7 N/A 545538
104 The Housing Bubble 3 N/A 88748

* GeekReltors Rank

Poll: Hourly Realtor Fee Agreement?

Date January 28, 2008

Most of the real estate agents in the United States work for a commission- which means they do not get paid unless a property is sold. This of course can translate in endless hours of showing properties to clients who are not serious in purchasing a house. The work that real estate agents perform, in other industries can translate into $100 per hour or more. How do you think real estate industry would look if there was some sort of “hourly fee agreement” for using your services? People have no problem paying their doctors, accountants, lawyers and other professionals hourly fee. Why is real estate different?

I personally think an hourly fee agreement would accomplish two very important things:

  1. It would change the attitude of clients. People tend to value more the services they pay for.
  2. It would filter out serious buyers or sellers from those who are “just shopping around”.

What do you think? Feel free to leave comments as well as participating in the poll:


Do you think an "Hourly Realtor Agreement" is a good idea?

View Results

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If you are not an real estate agent, you are welcomed to participate in the above poll as well. It would be great to know your feedback.

PPC In Real Estate: You May Be Wasting Your Money

Date December 13, 2007


Yahoo! Search Marketing
Pay per click advertising for real estate website may be the quickest way to bring visitors. It also maybe the quickest way to loose money. Bidding on keywords in real estate can be very competitive and may cost you $20 or more . If you think you are spending way to much money on the pay per click campaigns, this article may just give you some useful tips.

One of the major reason why the prices for particular keywords are so high has nothing to do with the actual “demand” for that keyword. Rather it has to do with website design itself. If we were to look what kind of websites occupying top positions for some of the most desirable keywords in the Google sponsored search results, you may notice that many of those websites are designed in flash. It is hard to imagine that such a website can pass Google’s scrutiny when it comes to the “landing page” quality.

Whenever you start a pay per click campaign, Google releases a bot that checks your page. As part of of that check up Google looks whether or not your lading page contains the keywords on which you are about to bid.

If you are a real estate agent or broker and have outsourced the maintenance of your website to some one, ask them if your website is created in flash or if there is extensive use of java-scripts in your website. If the answer is yes, you probably need to look for some one else to manage your website.

Another obstacle that you as advertiser can face is that in real estate transaction do not take place right on your website. Therefore there is no simple way to calculate your ROI (return on investment). If you have to way to capture your visitors by offering the a sign up for your newsletter.

Well, you might say, I am not sending any newsletters via e-mail. If it is true you maybe giving away leads to some one else. Most Realtors get into a habit of sending out quarterly or monthly newsletters. It is not so difficult these days to turn those newsletters into a format deliverable via e-mail. If you think that is a good idea, then you should incorporate some sort of sign up form on your website, and even place that form on every single landing page that you are driving traffic to via pay per click campaigns.


Constant Contact - Your Email Marketing Manager
However managing big e-mail lists can be a task on its own, but that is a subject for another post.

Some times paying a higher price for the keywords is a “necessary evil” and there may not be a way around it. However if you pay the price without attempting to capture your visitors, you indeed maybe spending your money foolishly.