July 2008

SHELTON, Conn., July 30, 2008 /PRNewswire-FirstCall via COMTEX/ — Most Home Corp. (MHME:most home corp com), a national provider of online customer service solutions for the mortgage and real estate industries with offices in Bellevue, Washington and Maple Ridge, British Columbia, announced today that it has signed a definitive agreement to purchase the operating assets of Shelton, Connecticut based TotalMove Inc. Transaction Highlights — Consideration for the purchase is convertible debt; — Synergy values are significant; — High profile client relationships; and — Extensive network of major real estate brokerage relationships. Founded in 2004, TotalMove provides REALTOR(R) referral and moving services to consumers through customized private label acquisition and retention programs for mortgage lenders, other financial service providers and affinity groups. These programs offer consumers a convenient means of coordinating the most important elements relating to a move of their household. TotalMove works with E-LOAN, Wachovia Mortgage, Ditech, Nationwide Insurance and other financial services companies, in delivering on the promise of improved customer acquisition and retention combined with exceptional customer service. Through these programs, consumers gain access to real estate related information, savings and other benefits while buying and/or selling a home. “In this challenging environment, leading financial service companies realize that consumers expect and appreciate a high level of personal service and interaction with regards to their financial dealings. Most Home’s licensed team of contact center professionals specialize in coordinating consumer relocations and can provide the level of support necessary to meet these expectations,” said Jim Secord, President, Most Home Real Estate Services Inc. “We are delighted to have the opportunity to work with these organizations and expand our current service offerings.” Claire Fennessey, VP, Marketing & Client Management at TotalMove stated, “We are very excited about the acquisition and the prospect of being involved in the Most Home organization. Their technology and experience in the mortgage and real estate industries will really help grow the TotalMove business.” Most Home Corp. believes that the acquisition of TotalMove represents an excellent strategic fit due to the similarity of services provided by both firms. Ken Galpin, CEO of Most Home Corp., pointed out that the acquisition of the TotalMove operations brings several positive additions for Most Home Corp. shareholders. “We expect that annualized revenues for lead management services alone within all Most Home Corp. subsidiaries will increase to over $3,000,000 immediately as a result of this acquisition. The synergy values realized […]

{ 0 comments }

The market is off.  How far off varies by market and niche.  Nevertheless, everyone is challenged – agents, brokers, franchisers, franchisees, and MLSs.  Here is a list of tangible ideas that may help you in your business today.  To sum up the recommendations – focus on enhancing agent quality rather then building the largest army. According to some at the RIS CEO Exchange, we have gone from a volume of 7 Million transactions in 2005 to 5 Million transactions forecasted for 2008.  How should brokers respond to manage their companies effectively in this market?  Manage with urgency! William Keleher, Broker/Owner of Prudential New Jersey Properties offered this list of key ideas for brokers in this time of market adjustment. 1.    Evaluate Under performing offices – either close them or merge them with other offices.  Gone are the days of one office per town.  Regional market centers are more effective.  If that is not an option, consider buying or merging with a competitor. 2.    Perform a line-by-line review of your P&L.  Ask yourself “If we had not done it, would we do it today?” 3.    Revise legacy compensation plans. 4.    Hold sales professionals accountable – specifically on number of appointments each week. (Per Brian Allen, Broker/Owner of Windermere Cronin & Caplan Realty Group – measure activities, not results). 5.    Drive capture rates in mortgage & title. 6.    Cut print advertising and increase online advertising. 7.    Before you make changes, do intensive research, have a formal plan, communicate the plan effectively and personally to everyone in your business, manage the timeliness and measure the impact.  Tell everyone every step of the way – for better or for worse. 8.    Don’t fire unproductive agents – change their access to service levels and bring compensation in line.  However, realize that the old grey mare may never win the Kentucky Derby. 9.    Manage top producing teams as separate business units and meet regularly to perform a P&L review. Darren Kittleson of Keller Williams Realty added… 1.    Carefully consider what to do with agents who are unproductive and refuse coaching 2.    Focus on training to drive professionalism.  Darren quoted Gary Keller by saying “If things were tough at home, would you cut out education and accountability? 3.    Hire a productivity coach for agents doing fewer than four transactions per year and require them to attend sessions. 4.    Start a book club for top producers (top 20%) […]

{ 0 comments }

(IRVINE, Calif.) – The housing research firm RealtyTrac reports foreclosures continue to plague the housing market, with the number of homes currently in the foreclosure process reaching 739,714, a 14 percent increase over the first quarter and 121 percent increase over the same period in 2007. The company says one in every 171 U.S. households received a foreclosure filing during the quarter. Although much of the foreclosure activity is concentrated in Nevada, California, Florida, Ohio, Arizona and Michigan, RealtyTrac CEO James Saccacio said almost all areas of the country are seeing some increase. In hard-hit Nevada, 1 in every 43 households received a foreclosure filing during the second quarter, RealtyTrac said. In California, it was 1 in every 65 households. The city with the highest foreclosure rate was Stockton, Calif., where 1 in every 25 households received a foreclosure filing this quarter.

{ 0 comments }

SAN FRANCISCO (Business Wire EON/PRWEB ) July 22, 2008 — In conjunction with the Inman News Real Estate Connect Conference, LightPole, Inc., a mobile application service provider for content publishers, today announced a focus on the real estate vertical with Trulia and Brownstoner. These innovative partners are building solutions on the LightPole mobile platform to provide their customers with unprecedented access to a wealth of real-time real estate information, no matter where they are. By offering solutions that address the entire spectrum of the market, the LightPole system demonstrates the scale and capabilities needed for category leaders such as Trulia, while offering the economics necessary to support hyper-local “long tail” players like Brownstoner. Trulia (www.trulia.com), the best place to start a real estate search, is the fastest-growing U.S. real estate Web site, with approximately 5 million unique visitors per month. Brownstoner (www.brownstoner.com) is a site about Brooklyn real estate and renovation, and all the tangential topics that impact life inside and outside the home in Brooklyn. Launched in October 2004, the site currently has about 150,000 unique visitors per month. Over the coming months, the number of third-party LightPole-powered solutions is expected to expand substantially. For more information, or to get LightPole on your phone, please visitwww.lightpole.net. “These vertically-focused LightPole-powered mobile applications represent the first of what we hope to be a big step forward in the evolution of our business,” said Doug Klein, LightPole CEO. “By integrating with LightPole’s mobile platform, the real estate market can demonstrate continued innovation in providing best-of-breed solutions to its customers and deliver the necessary capability of being able to search for a home when you’re on the go.” “Given our focus on the local real estate market, we have long thought that having a means to mobilize our content in a way that offers a truly individualized, dynamic and location-relevant experience would further entice our loyal followers,” said Jonathan Butler, founder of Brownstoner Media LLC. “Over time, the ability of our readers to have access to Brownstoner.com content while on-the-go will prove invaluable to building and participating in the Brownstoner community.” About LightPole LightPole enables publishers to easily extend the content they already have to reach new markets and build new communities. The service supports a variety of business models, including subscriptions, transactions and advertising. Publishers can configure their offerings to allow readers to post comments, share links, and meet online. No special […]

{ 0 comments }

Lasso Data Systems Inc., the leading designer and developer of innovative on-demand customer relationship management software for the real estate industry, today announced the launch of its 750th Project using its real estate software. For Immediate Release CULVER CITY, Calif./EWORLDWIRE/July 14, 2008 — Lasso Data Systems Inc., the leading designer and developer of innovative “on-demand” Customer Relationship Management (CRM) software for the real estate industry, today announced the launch of its 750th Project using its real estate sales & marketing software. Realty Trust Group Inc., a leading real estate sales and marketing agency that has sold more than $1.1 billion in property nationwide, will use Lasso on The Beverly Condominiums residential development in Portland, Ore. – Lasso’s 750th Project worldwide. “Lasso is the technology backbone of our sales and marketing strategy across all of our Projects,” said Jacob Becker, market analyst, Realty Trust Group Inc. (http://www.realtytrust.com). “Having access to real-time information from any location globally provides substantial value to Realty Trust and our builders. We receive unparalleled personalized service from Lasso and we very much look forward to working with their team into the future.” Lasso is used by builders, developers and sales & marketing agencies to market, sell and manage inventory & contracts for urban high-rise and suburban townhomes; conversions, single and master planned communities; golf, mountain, and ocean resorts; plus fractional ownerships and condo hotel developments. Since Lasso’s inception in 2002, the company has consistently grown at over 100 percent annually and now activates 1-2 new home development projects each day in over 25 countries around the world on behalf of their builder and developer clients. “Quite simply, Lasso exists to help builders and marketing sales teams sell their real estate developments faster and easier – in good or tough times. The fact that Lasso has been designed to mirror how the real estate industry markets, sells and manages their business, has been key to our rapid growth and broad market acceptance,” said Dave Clements, CEO of Lasso Data Systems. “Combine ease-of-use and access to our software anytime, anywhere via the internet with a business model that requires no technology investment by our clients, and subscription fees based on paying for our software as you use it, and it makes for a compelling value proposition. Our ongoing success in the global marketplace will continue to be based on nurturing close relationships with our clients and a strong commitment […]

{ 0 comments }

Steps to updating your old iphone to 2.0

by THE WAV GROUP on July 11, 2008

This is really off topic for our blog, but so many of our twitter firends are having trouble upgrading their itunes and iphone to version 2.0 Steps to upgrading to iPhone Firmware version 2.0 (w/App Store) 1. Go to Apple Menu —–> Then “Software Update…” and install iTunes 7.7. 2. Go here and It should autcoatiallcy start the download for the new firmware. 3. Once it is finished make sure the file ends in “.ipsw” if you find it ends in “.zip” just erase the .zip from the extension 4. With your iPhone connected to your computer, go to iTunes where is says, “Check for Update” or “Restore”. Your going to want to hold the Option key and cick on “Check for Update”. 5. This will bring you to a finder window where you can select the .ipsw file that you downloaded earlier. 6. From here iTunes pretty much just does its thing and when its finished you should have the App Store on your iPhone  

{ 0 comments }

John L Scott offers mobile access to website

by THE WAV GROUP on July 10, 2008

J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, recently announced the launch of a mobile version of his company’s award-winning website, www.JohnLScott.com. Now, consumers in Washington, Oregon, and Idaho can search for nearby properties and look up comprehensive listing information on their cellular phone by going to M.JohnLScott.com.  The launch of John L. Scott’s mobile website is the first step towards a larger scale launch with technology partner, Microsoft. Later this year, John L. Scott will be the first real estate company in the nation to roll out Microsoft’s newest Silverlight technology. Silverlight is a browser-based application that integrates Microsoft’s Virtual Earth mapping platform with Windows Media and GPS tracking that can pinpoint the consumer’s exact location and then display homes for sale around that point. Through Silverlight technology, users will have access to detailed search parameters, content rich property information, photos, videos, driving directions, and other interactive features that are not currently available to real estate consumers through a mobile platform. “The launch of Silverlight will signal the next big step in real estate technology, bringing together the power of Virtual Earth, video, GPS, and real time real estate information to create a highly interactive mobile platform for consumers,” said Scott. Scott added that Microsoft continues to feed John L. Scott’s aggressive appetite for technology, resulting in a mutually beneficial partnership for both companies. Phase one of John L. Scott’s mobile platform will launch on July 9 followed by the launch of the integrated Microsoft Silverlight technology later this year.  

{ 0 comments }

MLSAlliance demonstrates MLS industry’s ongoing efforts to help real estate professionals succeed during housing market downturn. Boca Raton, FL (PRWEB) July 9, 2008 – Many Californians looking for signs of stability in the turbulent real estate market are encouraged by the growth and increasing use of the state’s largest MLS data sharing service, the California MLSAlliance. The system connects MLS databases throughout the state to provide agents and brokers with a single source of real estate information. Use of the California MLSAlliance reached an all-time record in May, with more than 50,000 unique agents and brokers using the system to search for California property listings. That is the highest monthly total since the system was founded in 2000, according to real estate technology provider eNeighborhoods, a division of Dominion Enterprises, which developed and manages the California MLSAlliance. California MLSAlliance contains 4 million active listings and off-market properties, covering more than 35 counties throughout the state. eNeighborhoods has provided the MLSAlliance enterprise data-sharing platform, connecting multiple MLS organizations, since 2000. Three additional real estate associations–South Tahoe Association of Realtors, Coastal Mendocino Association of Realtors, and Lake County Association of Realtors–have joined the data-sharing system since April, bringing the total number of participating MLS organizations to 15. The California MLSAlliance system is now available to more than 190,000 brokers and agents. “The system helps brokers and agents conduct business throughout the state, often across traditional MLS boundaries,” said Andy Woolley, vice president of eNeighborhoods. Brokers and agents who belong to one of the 53 local real estate associations serviced by the 15 participating MLSs can search one system for all California listings. The agreement between the MLS organizations provides opportunities for compensation and cooperation to all California MLSAlliance authorized users. “The increased usage and growth is encouraging, and we think it demonstrates the MLS industry’s ongoing efforts to help real estate professionals succeed during housing market slowdowns,” said Woolley. “The organizations participating in the California MLSAlliance are delivering to their customers the largest compilation of MLS data anywhere in the world. That spirit of cooperation and willingness to share resources benefits California’s real estate industry professionals in all types of market conditions.”  

{ 0 comments }