The Business of Real Estate

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Services for Real Estate Pros - teardowns.com
The face of teardowns.com, The Marketplace for Redevelopment Real Estate; teardowns, rehabs and new infill construction. When the Value is in the Land
RECENT BLOG POSTS
So, today we hear that the price range for the upcoming Zillow IPO has increased - that means that the demand for the stock is gaining momentum.  If the (real estate) market is so bad - why would Wall Street and its investors want to buy equity in a website that is geared towards real estate? Do ...
07/15/2011
If you have a "land-valued" property to sell - you know, a teardown or home destined for significant renovation and you want to sell it yourself directly to the most likely buyers (builders, investors and individuals) go to http://teardowns.com/. Individual property sellers or pro's can get their...
07/14/2011
We continue to read about "shrinkage" in the business - fewer agents, lower prices, decreasing volume etc.  Is it time for local transaction-based services that focus on connecting buyers and sellers for what may seem like ridiculously low rates becoming more plausible? Will this model gain trac...
07/13/2011
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Homeway, Inc. a website went public yesterday and the stock soars.  George Lucas tears down a $20MM dollar estate to build a new home with new technolgies.  Home and property prices have been cut in half (in some markets).  Brokerage firms are empty and the traditional business model is running o...
06/30/2011
We knew that targeting and developing business within a niche helped to separate us from our competitors but NAR says it's even better to "find a niche within a niche".  They say the niche should be “large enough to supply a strong pipeline of business, but small enough for us to be a big fish i...
06/20/2011
Just read a rather interesting article about the surge in activity and valuation of Silicon Valley real estate.  In May, the article states, homes prices are up 20% from a year earlier – wow!  It seems that when funds/money/capital loosens up people still gravitate towards buying a home.  Big ho...
06/15/2011
I heard an agent say this morning, “I’m finally feeling that the business may be coming back”? At our brokerage, we have had that feeling for a few months now. IMHO, many markets are finally working through price discovery, and as real estate professionals, our job is to help facilitate the clea...
06/13/2011
If about 70% of people move within 15 miles of their existing residence, doesn’t that favor some kind of “for sale buy owner” marketing strategy?  Sure, a “fsbo” sign in the yard or ad in the local newspaper won’t likely reach the out-of-town buyer – but the odds do favor a local buyer.   Are an...
06/09/2011
This should be an easy question for all of us licensed real estate pro’s to answer. If you (we) had to write down the unique services that only you or your brokerage offered customers – what would you write down? “Better service” shouldn’t count.   If this is a tough question - the business is i...
06/08/2011
As soon as buyers get hip to how commissions work and property information becomes even more abundant online - won't taking listings be the only reliable and dependable revenue stream and model for an ongoing sustainable brokerage?HP doesn't need Apple and Papa John's would love to see Domino's ...
06/07/2011
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Brian Hickey

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