Comments on: Redfin 101 and the Debut of the Podcast http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/ A San Diego Real Estate Web Log Sat, 13 Mar 2010 21:29:14 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: San Diego Home Blog: Redfin 101 Podcast http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-163636 San Diego Home Blog: Redfin 101 Podcast Sat, 07 Nov 2009 15:58:08 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-163636 [...] Source: San Diego Home Blog [...] [...] Source: San Diego Home Blog [...]

]]> By: Bayarearealestate’s Weblog http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-122325 Bayarearealestate’s Weblog Mon, 30 Jul 2007 01:53:05 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-122325 [...] think this agent makes some good points in the flaws of the Redfin model.  Real estate IS a high-touch industry.  [...] [...] think this agent makes some good points in the flaws of the Redfin model.  Real estate IS a high-touch industry.  [...]

]]> By: The Plastic Pig (and How to Pick Your Agent) | BloodhoundBlog: National real estate marketing and technology weblog | There's always something to howl about... http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-88361 The Plastic Pig (and How to Pick Your Agent) | BloodhoundBlog: National real estate marketing and technology weblog | There's always something to howl about... Mon, 14 May 2007 03:05:34 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-88361 [...] me again thinking about the Redfin model and the inherent flaws of which we have talked ourselves blue in the face. The Redfin buyer is charged with finding their home of choice and delivering it to the [...] [...] me again thinking about the Redfin model and the inherent flaws of which we have talked ourselves blue in the face. The Redfin buyer is charged with finding their home of choice and delivering it to the [...]

]]> By: The San Diego Home Blog » Blog Archive » Happy Anniversary to Us! http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-3151 The San Diego Home Blog » Blog Archive » Happy Anniversary to Us! Fri, 27 Oct 2006 17:05:42 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-3151 [...] Saturday (tomorrow) will mark our six month anniversary at the San Diego Home Blog. 96 posts and 415 comments later, we have written on topics ranging from (prepare for link overload) Presale Property Inspections to Termite Inspections, from New Business Models to Agent Licensing, and from Real Estate Fees to Good Escrows to Bad Agents. We’ve talked about Marketing, Technology, Financing and Market Trends. Did all of this silly talk provide value to our clients who follow our blog? I certainly hope so. Providing value through information dissemination is but one way our blogging serves our clients, however. Smart agents know the value of their professional network to their clients. The network, however, can no longer be limited to the guys at the water cooler, as there is a vast world out there thinking with a different perspective and approaching our business in different ways. Technology is providing access to information like never before, is changing the way we view our world, and is changing our industry by the minute. As agents, a broader perspective makes us more knowledgeable in our profession, and increased knowledge can only translate to improved service and value to our clients. So to mark our impending anniversary, I will offer my linkation love-fest to honor the bloggers in the industry who have most educated me and inspired me to think in larger terms. While this list represents the blogs I count among my favorites, it is by no means inclusive. (In other words, if I didn’t mention you, don’t put pins in the Kris voodoo doll). [...] [...] Saturday (tomorrow) will mark our six month anniversary at the San Diego Home Blog. 96 posts and 415 comments later, we have written on topics ranging from (prepare for link overload) Presale Property Inspections to Termite Inspections, from New Business Models to Agent Licensing, and from Real Estate Fees to Good Escrows to Bad Agents. We’ve talked about Marketing, Technology, Financing and Market Trends. Did all of this silly talk provide value to our clients who follow our blog? I certainly hope so. Providing value through information dissemination is but one way our blogging serves our clients, however. Smart agents know the value of their professional network to their clients. The network, however, can no longer be limited to the guys at the water cooler, as there is a vast world out there thinking with a different perspective and approaching our business in different ways. Technology is providing access to information like never before, is changing the way we view our world, and is changing our industry by the minute. As agents, a broader perspective makes us more knowledgeable in our profession, and increased knowledge can only translate to improved service and value to our clients. So to mark our impending anniversary, I will offer my linkation love-fest to honor the bloggers in the industry who have most educated me and inspired me to think in larger terms. While this list represents the blogs I count among my favorites, it is by no means inclusive. (In other words, if I didn’t mention you, don’t put pins in the Kris voodoo doll). [...]

]]> By: Tim O'Keefe http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-2449 Tim O'Keefe Mon, 23 Oct 2006 07:33:05 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-2449 I was pleased to see your post and podcast, as I just posted an interview concerning this sam eissue of lowered commissions that seems to be sold as a consumer benefits. The other side makes great arguments but I have argued at my blog at http://www.houseblogger.com and in a recent interview podcast http://www.interviewswithrealestateexperts.com/2006/10/22/mike-work-where-is-the-real-estate-business-heading-2/ that the industry is under assault by alternative models yet, they seem to be asleep at the wheel. As was recently posted at Rain City that Trulia will have more postings than Realtor.com in a part of the Seattle area. This is only the start as you as a broker or agent are restricted by what you can do with your data, while I and Trulia as non licensees can seemingly do as we please with 2nd generation iterations of the data. I was pleased to see your post and podcast, as I just posted an interview concerning this sam eissue of lowered commissions that seems to be sold as a consumer benefits.

The other side makes great arguments but I have argued at my blog at
http://www.houseblogger.com and in a recent interview podcast
http://www.interviewswithrealestateexperts.com/2006/10/22/mike-work-where-is-the-real-estate-business-heading-2/
that the industry is under assault by alternative models yet, they seem to be asleep at the wheel. As was recently posted at Rain City that Trulia will have more postings than Realtor.com in a part of the Seattle area.

This is only the start as you as a broker or agent are restricted by what you can do with your data, while I and Trulia as non licensees can seemingly do as we please with 2nd generation iterations of the data.

]]> By: The San Diego Home Blog » Blog Archive » The Corn Does Not Convey http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-856 The San Diego Home Blog » Blog Archive » The Corn Does Not Convey Mon, 02 Oct 2006 15:38:42 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-856 [...] What we are really talking about here is a desire to benefit from not having to pay a real estate fee or, rather, to “earn” the fee thereby reducing the effective price of the property. As an example, a $400,000 property offering 3% to the buyer’s broker would result in a $12,000 savings to the licensed principal, assuming the licensee’s broker takes nothing. In a typical new-hire scenario, this number would be closer to $5,000 after paying franchise fees, broker splits, insurance and Board dues. If you believe that this pencils out when you consider the loss of detached advocacy and your investment of time, and if you are confident that your pre-licensing studies have truly equipped you with the required knowledge, then go for it. Be careful, however, that it isn’t a case of “I don’t know what I don’t know.” Here’s the punch line: I think I have finally found a Redfin match. If you are licensed but not trained and not practicing, perhaps you would be better served to find someone who is and who is willing to credit back some of their commission. And if you want the corn, you can instruct them to write it into the contract. [...] [...] What we are really talking about here is a desire to benefit from not having to pay a real estate fee or, rather, to “earn” the fee thereby reducing the effective price of the property. As an example, a $400,000 property offering 3% to the buyer’s broker would result in a $12,000 savings to the licensed principal, assuming the licensee’s broker takes nothing. In a typical new-hire scenario, this number would be closer to $5,000 after paying franchise fees, broker splits, insurance and Board dues. If you believe that this pencils out when you consider the loss of detached advocacy and your investment of time, and if you are confident that your pre-licensing studies have truly equipped you with the required knowledge, then go for it. Be careful, however, that it isn’t a case of “I don’t know what I don’t know.” Here’s the punch line: I think I have finally found a Redfin match. If you are licensed but not trained and not practicing, perhaps you would be better served to find someone who is and who is willing to credit back some of their commission. And if you want the corn, you can instruct them to write it into the contract. [...]

]]> By: The San Diego Home Blog » Blog Archive » Story Time - Part Two of the Redfin Debate http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-736 The San Diego Home Blog » Blog Archive » Story Time - Part Two of the Redfin Debate Sat, 23 Sep 2006 14:55:06 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-736 [...]  I had a mini tirade a couple of weeks ago (including a poorly produced podcast), the object of my rant being Redfin and their limited services model. For those new to the discussion, Redfin is a newer web-based real estate company courting buyers with this attractive proposition: “You find the home, local Redfin agents negotiate and close. 2/3rds commission refund”. Now, commission concessions are nothing new, nor are limited services brokerages. Redfin takes this one step further into dangerous territory, however, by washing their hands of many of the duties and much of the liability typically associated with buyer representation. [...] [...]  I had a mini tirade a couple of weeks ago (including a poorly produced podcast), the object of my rant being Redfin and their limited services model. For those new to the discussion, Redfin is a newer web-based real estate company courting buyers with this attractive proposition: “You find the home, local Redfin agents negotiate and close. 2/3rds commission refund”. Now, commission concessions are nothing new, nor are limited services brokerages. Redfin takes this one step further into dangerous territory, however, by washing their hands of many of the duties and much of the liability typically associated with buyer representation. [...]

]]> By: Kris Berg http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-670 Kris Berg Wed, 13 Sep 2006 19:11:58 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-670 Thanks, Joel. Great interview (I had actually read it), and I will be sure to put the link front and center on my next Redfin "installment". :) Thanks, Joel. Great interview (I had actually read it), and I will be sure to put the link front and center on my next Redfin “installment”. :)

]]> By: Joel Burslem http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-669 Joel Burslem Wed, 13 Sep 2006 18:54:37 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-669 Nice work on the podcast Kris! Keep it up. You can read my interview with the folks at Redfin here: http://www.futureofrealestatemarketing.com/real-estate-20-market-leader-redfincom/ Nice work on the podcast Kris! Keep it up.

You can read my interview with the folks at Redfin here:

http://www.futureofrealestatemarketing.com/real-estate-20-market-leader-redfincom/

]]> By: Kris Berg http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/comment-page-1/#comment-668 Kris Berg Wed, 13 Sep 2006 18:08:08 +0000 http://sandiegohomeblog.com/2006/09/10/redfin-101-and-the-debut-of-the-podcast/#comment-668 R- I had seen that and listening in was on my "to do" list. Thanks for the tip! R-

I had seen that and listening in was on my “to do” list. Thanks for the tip!

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