The Internet may not have had the impact we all thought it would on housing

[sdduuuude]

I don’t think the purchase process enhances or reduces the value of the underlying property being purchased, thus in the long run, I don’t think it has any effect on prices.

It isn’t like people were sitting around wondering how to buy a house and now all of the sudden they can.

Maybe the market has better info and thus prices react a little (maybe not even measurably) faster to changes, but there is no pricing paradigm shift.

[moneymaker]

I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.

[moneymaker]

I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.

[moneymaker]

I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.

[moneymaker]

I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.

[moneymaker]

I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.

[jimklinge]

Searching used to be an advantage reserved for realtors – an agent could make a living just by being the most proficient searcher, jumping on the new listings before anyone else.

Now everyone has the same access, and no advantage available to the quickest, especially when you consider how fast buyers gravitate to a new listing. Sellers are caught off-guard by the incoming phone calls within minutes of hitting the MLS, and get spooked. It is tough to get a seller/listing agent to commit, when there is so much early action.

So the name of the game now is securing the sale, which usually means navigating the multiple-offer environment, and/or convincing a listing agent to take your deal when there are so many birds in the bush.

[jimklinge]

Searching used to be an advantage reserved for realtors – an agent could make a living just by being the most proficient searcher, jumping on the new listings before anyone else.

Now everyone has the same access, and no advantage available to the quickest, especially when you consider how fast buyers gravitate to a new listing. Sellers are caught off-guard by the incoming phone calls within minutes of hitting the MLS, and get spooked. It is tough to get a seller/listing agent to commit, when there is so much early action.

So the name of the game now is securing the sale, which usually means navigating the multiple-offer environment, and/or convincing a listing agent to take your deal when there are so many birds in the bush.

[jimklinge]

Searching used to be an advantage reserved for realtors – an agent could make a living just by being the most proficient searcher, jumping on the new listings before anyone else.

Now everyone has the same access, and no advantage available to the quickest, especially when you consider how fast buyers gravitate to a new listing. Sellers are caught off-guard by the incoming phone calls within minutes of hitting the MLS, and get spooked. It is tough to get a seller/listing agent to commit, when there is so much early action.

So the name of the game now is securing the sale, which usually means navigating the multiple-offer environment, and/or convincing a listing agent to take your deal when there are so many birds in the bush.

[jimklinge]

Searching used to be an advantage reserved for realtors – an agent could make a living just by being the most proficient searcher, jumping on the new listings before anyone else.

Now everyone has the same access, and no advantage available to the quickest, especially when you consider how fast buyers gravitate to a new listing. Sellers are caught off-guard by the incoming phone calls within minutes of hitting the MLS, and get spooked. It is tough to get a seller/listing agent to commit, when there is so much early action.

So the name of the game now is securing the sale, which usually means navigating the multiple-offer environment, and/or convincing a listing agent to take your deal when there are so many birds in the bush.

[jimklinge]

Searching used to be an advantage reserved for realtors – an agent could make a living just by being the most proficient searcher, jumping on the new listings before anyone else.

Now everyone has the same access, and no advantage available to the quickest, especially when you consider how fast buyers gravitate to a new listing. Sellers are caught off-guard by the incoming phone calls within minutes of hitting the MLS, and get spooked. It is tough to get a seller/listing agent to commit, when there is so much early action.

So the name of the game now is securing the sale, which usually means navigating the multiple-offer environment, and/or convincing a listing agent to take your deal when there are so many birds in the bush.

[equalizer]

[quote=sdrealtor]Thanks for the input but I’d really like to keep the focus on my eureka moment of sorts. It just seems to me that in the last few years demand has become more concentrated than it was. The pace at which information is disseminated has picked up and will only accelerate. While there are other forces out there, it seems like the Internet its instant availability of information on what is for sale has been inflationary not deflationary as I would have expected.[/quote]
Yes, you are stating the Ebay effect where desirable items now can get widespread attention and auction effect. Of course, this process should be creating wider gap between “great” properties and sub-par properties. Is this what you are seeing?

PS
We can ignore the pink elephant, but women do make most if not all real estate decisions, no? That must too PC for this site because we know how it NEVER broaches divisive politics or any taboo subjects, etc.

[equalizer]

[quote=sdrealtor]Thanks for the input but I’d really like to keep the focus on my eureka moment of sorts. It just seems to me that in the last few years demand has become more concentrated than it was. The pace at which information is disseminated has picked up and will only accelerate. While there are other forces out there, it seems like the Internet its instant availability of information on what is for sale has been inflationary not deflationary as I would have expected.[/quote]
Yes, you are stating the Ebay effect where desirable items now can get widespread attention and auction effect. Of course, this process should be creating wider gap between “great” properties and sub-par properties. Is this what you are seeing?

PS
We can ignore the pink elephant, but women do make most if not all real estate decisions, no? That must too PC for this site because we know how it NEVER broaches divisive politics or any taboo subjects, etc.

[equalizer]

[quote=sdrealtor]Thanks for the input but I’d really like to keep the focus on my eureka moment of sorts. It just seems to me that in the last few years demand has become more concentrated than it was. The pace at which information is disseminated has picked up and will only accelerate. While there are other forces out there, it seems like the Internet its instant availability of information on what is for sale has been inflationary not deflationary as I would have expected.[/quote]
Yes, you are stating the Ebay effect where desirable items now can get widespread attention and auction effect. Of course, this process should be creating wider gap between “great” properties and sub-par properties. Is this what you are seeing?

PS
We can ignore the pink elephant, but women do make most if not all real estate decisions, no? That must too PC for this site because we know how it NEVER broaches divisive politics or any taboo subjects, etc.

[equalizer]

[quote=sdrealtor]Thanks for the input but I’d really like to keep the focus on my eureka moment of sorts. It just seems to me that in the last few years demand has become more concentrated than it was. The pace at which information is disseminated has picked up and will only accelerate. While there are other forces out there, it seems like the Internet its instant availability of information on what is for sale has been inflationary not deflationary as I would have expected.[/quote]
Yes, you are stating the Ebay effect where desirable items now can get widespread attention and auction effect. Of course, this process should be creating wider gap between “great” properties and sub-par properties. Is this what you are seeing?

PS
We can ignore the pink elephant, but women do make most if not all real estate decisions, no? That must too PC for this site because we know how it NEVER broaches divisive politics or any taboo subjects, etc.

[Author]

Posts