2008 May : The Real Estate Bloggers

Archive for May, 2008

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Realogy Down 132 Million For First Quarter

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Realogy hit a rough patch this quarter losing 132 million dollars. Not a surprise for the largest real estate company in the United States.
The method of saturating markets with different branded real estate offices is a great strategy [...]

17May2008 | Tom Royce | 0 comments | Continued
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Certified ‘Preowned’ Homes - Or Selling Homes Like Cars

You got to give ZipRealty credit.
First they treat their employees like car salesman, now they are treating the homes like cars.
According to Luke Mullins at US News and World Report, ZipRealty is offering a Certified Preowned Warranty on homes that pass a 24 point inspection. While it is not a bad idea and will appeal [...]

17May2008 | Tom Royce | 4 comments | Continued
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Some Classic Ideas On Word Of Mouth Marketing For Real Estate Agents

If you are a real estate agent, you have uttered the less than memorable phrase, “Please tell your friends about me.” But the question that you need to ask is why should they?
Seriously, did you go that extra mile in marketing, consultation, or execution that would make you memorable? For someone to talk about you [...]

16May2008 | Tom Royce | 2 comments | Continued
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Trump Sells Palm Beach Mansion For Record 100 Million Dollars

Love him or hate him, Donald Trump knows how to make headlines in the real estate market. He is in the news today for going to contract on his mansion in Palm Beach that he purchased in 2004 for 41 million dollars. After 25 million more in upgrades The Donald has sold it for the [...]

15May2008 | Tom Royce | 6 comments | Continued
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Show Your Tits When Selling Real Estate

Sorry for the misleading and shocking headline, especially if you have come over from Google or any other search engine, but sometimes you need it to get attention to things that will attract a buyer.

(Tenerife Blue Tit)
But the title is dead on accurate.
When selling a home these days pictures tell the story. Not to mention [...]

15May2008 | Tom Royce | 2 comments | Continued
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Google Adds Listing Information For Google Maps (And Flash Compatibility)

Google has added a great deal of capability to their Google Maps application that includes the ability to see property listings pulled from it’s Google Base, Wikipedia entries, and other sources.
The other big thing I have been able to gather is that it has added flash capability to Google Maps. The ability to embed maps that [...]

15May2008 | Tom Royce | 2 comments | Continued
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Michigan Business Tax levies greater impact on real estate firms -

Back in March I talked about how the Michigan legislature was trying to destroy real estate values in the state with a new tax system. Well, they passed the tax and now it is in effect.
Take a wild guess who it is going to hurt the worst. You got it, landlords and real estate [...]

15May2008 | Tom Royce | 0 comments | Continued
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Failure and Success - Michael Jordon Commercial

This advertisement from Nike is so dead on. For agents and non agents, to be the best you have to be willing to fail publicly. As Michael Jordon said, “26 times I have been trusted to take the game winning shot and I have missed.”
Are you willing to step up and take the game winning [...]

14May2008 | Tom Royce | 1 comment | Continued
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Top 10 Worst Metro Areas For Foreclosures, 1st Quarter, 2008

The carnage is running rampant in California these days in the housing market as in some communities there seems to be a home on every street that is in some stage of foreclosure. For example, Stockton is leading the list and one out of every 30 homes is in some stage of foreclosure.
The one [...]

14May2008 | Tom Royce | 1 comment | Continued
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There are some incredible buys out there for first-time home buyers…

“There are some incredible buys out there for first-time home buyers.”
When you start seeing quotes like the one in the headline, you know we are getting near the bottom. In the middle of a gloom and doom report coming out of Florida, and it is very rough there right now, a nugget pops out that [...]

14May2008 | Tom Royce | 0 comments | Continued
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    • I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
      Joshua Dorkin @ BiggerPockets | 5Jan09 | More
    • I just found your blog and it's filled with great information. One of my goals this year is to update ...
      Albany Homes For Sale | 5Jan09 | More
    • Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
      Tom Royce | 5Jan09 | More
    • The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
      Sigh | 5Jan09 | More
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      Jackson Hole Real Estate Broker Rick Armstrong | 5Jan09 | More
    • Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
      Todd Covington | 5Jan09 | More
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      Mortgage | 3Jan09 | More
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      Eric | 2Jan09 | More
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