Archive for category: Technology

Tech or Touch

03 Aug
August 3, 2017 I’d like to share my thoughts on the Redfin IPO and then weigh in on potential pros and cons of what I have labeled as the “Agent/Brokerage Consumer Centric” model and the “Marketing Company Centric” model. The central issue to me has always been about consumer choice and the level of service and brokerage knowledge they receive. Do the behemoth Marketing Companies, whose goal is generating consumer capture, marginalize the value great real estate professionals bring? And will they be able to accomplish this in a low cost environment? Redfin and Goldman Sachs, the underwriter who helped take them public last week, were focused on positioning Redfin as a tech company rather than a Read more [...]

AveryHess, Realtors® Wins Best Visual Design Award

04 Apr
April 4, 2017 It has truly been an honor to receive the award for Best Visual Design for our website from Leading Real Estate Companies of the World®, which was selected out of 550 real estate companies worldwide. This has been a work in progress for many years as we strive to be the go-to real estate source for the Washington, DC area consumer. AveryHess, Realtors® has gone through four iterations of our website since it was created in 1997. The ultimate goal has always been to provide consumers with not just a portal to view homes for sale, but to showcase how AveryHess could bring in added value as the local real estate expert. Early real estate sites tended to be static repositories of information, Read more [...]

Springfield, VA Market Report – 10/2/12

02 Oct
October 2, 2012 If you’ve been following our area market reports, you’ll notice that revenue sales in zip codes 22151, 22152 and 22153 have gone up $6,727,450 since April 2012.  This shows we’ve been busy buying and selling homes this summer. Sellers were pleasantly surprised to learn their homes were worth more than they had originally thought and that it didn’t take that long to sell (less than a month). Many got multiple offers because it looked good.    Buyers were happy because they bought while the market is ascending and the interest rate on their new loan is the lowest it has been in history.  It’s a pleasant surprise to learn your mortgage payment could be less than what you were paying Read more [...]

Time is of the Essence

07 Dec
December 7, 2011 I had to smile the other day when I was teaching a class on the new NVAR Sales Contract to be released January 1st 2012. Among the changes I noticed was the inclusion of clause 30; “TIME IS OF THE ESSENCE AS TO ALL THE TERMS OF THIS CONTRACT”. Read more [...]

2011: The First-Time Buyer Re-Emerges (Again)

01 Feb
February 1, 2011 Spring time in Real Estate usually heralds the unofficial opening of the "Real Estate Season." But six years into a protracted downturn, there is finally activity bubbling, and it's bubbling in January. Buyer activity - emerging triumphantly - like blades of grass through thick layers of industry permafrost. . Read more [...]

AVMs? What do we do with AVMs?

08 Dec
December 8, 2010 Automated Valuation Models. A lot of the talk in Real Estate this year has been about the various AVMs available and their importance/impact on the industry. But are AVMs a good thing for the industry? A bad thing? Are they to be ignored? Read more [...]

The On-line Quandary

26 Oct
October 26, 2010 When not making me delicious double chocolate chip cookies and homemade minestrone, my mother-in-law Nancy spends her time running a successful small business. Much like many Real Estate agents she is a sole practitioner. Much like many Real Estate agents, she is fully dependent on herself to generate leads, service clients and generate revenue. Read more [...]

Yahoo!, Zillow, and the Local Opportunity

23 Sep
September 23, 2010 5.9%. That's a number to keep in mind. That's the percentage of traffic sent to the #1 Real Estate site in the month of August. That's a large number of eyeballs. But 94.1% of the rest of us used some other site to search for Real Estate. And in most cases, more than one other site to search for Real Estate. Therein lies our local opportunity. Read more [...]

Social Media Geo-Location Services. For Real Estate?

26 Aug
August 26, 2010 Applications that allow a user to check into a location, blaring their whereabouts to anyone who cares. The fact that there are huge personal security issues involved notwithstanding, the nagging question I can't seem to shake is: As a Real Estate consumer, do I care? Read more [...]

Oh the Places You’ll Go…(and be tagged)

24 Aug
August 24, 2010 Last week Facebook unveiled its newest feature – Facebook Places. The application gives users the ability to “check-in,” much like Foursquare, to local places of interest. Below you’ll find 3 easy ways to help you keep your “Places” private! Read more [...]