From Inman Connect in New York

I’m chatting it up with bloggers and vendors from the Inman Connect conference in New York this week. Since Robbie already covered the big news this morning, I thought I’d post some cool new sites I found here:

FortiusOne is easily the coolest site that you’ve never heard of. They sell their product to brokers or agents and let them let you (the consumer) filter your home search in all sorts of neighborhood based (and RESPA-pushing) ways like populated with “young people,

Four plus inches of rain

It was a wet day yesterday, what with landslides and 4+ inches of rain (7+ near Bremerton). Four inches is a little over 11% of Seattle’s annual 36 inches of rainfall. I know of at least a couple of people who were pulling soggy belongings out of their basements last night. My stuff: not on the floor of my basement. I learned that one early on. If you’re collecting your damp belongings from your basement, you can count your blessings that you can still get into your home and there is still stuff there – some people aren’t so lucky.

Photos:

You like Turkey and Christmas more than real estate

Seriously. Real estate agents have known this forever: people aren’t very interested in buying or selling a home during the holidays. Do you really want to put in an offer and then manage it from your in-laws house in Florida?

Search volumes for Real Estate, Christmas Day, and Thanksgiving Day. Christmas and Thanksgiving alone (without “day”) totally overwhelm the chart for real estate:
[photopress:real_estate_christmas_thanksgiving.jpg,full,centered]

Real Estate agents work whenever you aren’t; evenings, weekends, holidays, but many take December off. Except the ones who sell homes on Christmas Day (it’s a holiday – that means a chance for the busiest of professionals to fly in and close). See you in January!

Photos are worth 1,000 words (and a lot of money too)

We “dog food” our real estate search product at Estately (we use it like a consumer): I subscribe to a couple of daily email alerts, a constantly updating RSS feed showing properties as they come onto the market near my house, and I subscribe to a feed of my saved homes to see when they sell.

Today two properties came on the market (welcome to Seattle prices, out of towners!):

$720,000 3 Beds / 2.25 Baths / 15 photos / 1,412 sqft / $509 per sqft
$729,000 0 Beds / 0 Baths / 0 photos / 1,700 sqft / 2,400 sqft lot / $428 per sqft

I didn’t even look at the second property – really, what’s the point? Like most buyers, I’m driven by emotion. I click through photos pretty much as fast as they load until one catches my eye, I linger, something about the property gets past my reptilian complex and I actually consider the details. Good agents know this on both sides; they take fantastic, eye catching photos or hire a professional to do so. Some of our Agent Match clients have found that they overlooked a great property with bad photos until they were dragged there by their agent and at least one was pleased to find that bad photos and staging could cost a seller upwards of $25,000.

If you are a consumer selling your house, dog food it. Subscribe to a daily email of new homes for sale for a month or two before you list your house and see what catches your eye. It’ll make “decluttering” easier.

If you are a realtor who works with sellers, dog food it. Sign up for a daily email from your company’s website. If your listing doesn’t look good there, you’ve lost a lot of the buyers who are currently in the market. You missed your chance to catch their eye and they’ve moved on to Craigslist. Maybe you can have a second shot at impressing them there.

Seattle companies get no love

I’m no Microsoft “fanboy,” but have you ever noticed that when they release some half baked project with a promising future (Microsoft’s “Unified Communications Products”) they get a lot of grief (“Microsoft’s Phone Ambitions Face A Winding Road,” but when Google comes out with a half baked product with a promising future (Google’s “Presentations”), the media thinks it’s cool and they focus on the future potential (“Google Presentations…one more step in the right direction“).

6 Interesting tidbits from around the web

  1. Seattle is doing a lot of recycling and New York is listening. Did you know that it will soon be illegal to throw away food scraps? At Chez Ward we feed food scraps to the red worms in the bin so we don’t have to pay the city to haul our scraps away and then pay again to get them back.
  2. The DOJ released a website all about real estate commissions yesterday (beware the Inman paywall tomorrow!). We can argue all night and day about whether agents as a whole are “worth” 2.5-3%, but I’ll tell you this right now: some Realtors are and others are not. The DOJ says that an amazing 70% of home sellers negotiated the commission with their agent. Maybe the DOJ should set up a site on divorcing commisions or the frickin’ health care system, where rates have gone up a lot more than a few percentage points a year. OK, maybe this warrants its own post.
  3. Only “20% to 25% of the homes shown on the Internet (depending on your information source) use home tours and/or multiple photos … It indicates apathy, arrogance, negligence and many other bad words.” No points for trying; all extra photos must make the process of selling the house better, not worse.
  4. Apparently banks are even less rational than sellers about home values in a slow market. Teresa Boardman:

    “They often hire Realtors, but banks make lousy clients … Buyers need to understand that when making an offer in a bank owned property it can take weeks to get the offer presented and then accepted, or rejected. They don’t seem to negotiate offers like other sellers do, they just accept, or reject and wait for a better offer.

  5. Huzzah is a real word. Wikipedia says so.
  6. Lowell Elementary school ranks better than any other school in Seattle (using standardized tests scores). I learned this while ironing a bug out of Estately’s new Seattle real estate page. And I think I just broke the rules.
  7. Bonus: the past tense of help is holp. Anyone who says otherwise is decimating the language.

One day every pothole will get its moment in the limelight

I think the running joke about blogs a couple of years ago was that belly button lint blogging was why most blogs would forever remain niche-y and unread. Today much of the “fantastical” thinking about locally-focussed blogs is that citizen journalists will report on everything (everything!) happening in their neighborhoods. When they look up from their navels, the online future gazers say (actually they blog) that we’ll all be served better local news by a cadre of unpaid neighbors noticing things in front of their houses and doing a little snooping. I tended to sneer at this concept until today, when I read every word of this blog post about a pothole in my neighborhood. Yes. A pothole.

Perhaps citizen journalism does have a place…