Where Real Estate Gets Its Dirt

Revive and NextHome partner to deliver move-in ready homes to Millennials

Revive and NextHome Partner to Deliver More Move-In Ready Homes to Agents

“In today’s market, the largest proportion of homebuyers — Millennials, comprising a full 43 percent of the homebuying population — are seeking homes that are ready for them to move in today. The latest research shows that 70 percent of Millennial home buyers will choose a smaller home that’s move-in-ready over a larger home that needs some attention.

Revive, the most complete presale home renovation solution for sellers, and NextHome, the No. 1 real estate franchise in the country in owner satisfaction, are joining forces to deliver more move-in ready homes to more than 5,500 NextHome agents in 610 offices across 48 states.

Revive’s concept is super interesting. Going beyond just “carpet and paint” can yield a huge potential upside on many properties. As someone who goes to open houses for fun I’ve seen many houses where one bad bathroom, or ugly tile in the kitchen makes the whole house a stinker. And, I’m sure many NextHome agents have seen tons more than I have.

Second Century extends its REACH down under

Second Century Ventures Announces Eight Companies Selected to 2023 REACH Australia Technology Growth Program

“Second Century Ventures, the strategic investment arm of the National Association of Realtors® and the most active global real estate technology fund, announced today the acceptance of eight companies to the 2023 REACH Australia program. Now entering its fourth year in Australia, the REACH growth program is designed to help technology companies scale their growth and make a lasting impact across real estate communities worldwide.”

Back in the day, the biggest 3rd party software company in real estate tech was Top Producer. Top Producer was a Canadian company. In fact, there were many Canadian 3rd party software companies doing business in the US. Now it seems that Australians are the new Canadians.

Propy announces “NFT-powered home purchasing platform”

Real and virtual worlds converge with Propy’s NFT-powered home purchasing platform

“The idea is that prospective buyers can tour a home (in a metaverse environment or in the physical world), see an inspection report – and then purchase the house in just a few clicks. From there, the record of ownership gets placed in your secure wallet. Home purchases can be made in crypto or fiat.

When you’re ready to sell it, you can perform the same process in reverse. Or if your property has not yet had its NFT minted, Propy can connect you with a crypto certified agent to help get your house ready for sale”

I am not a cryptocurrency or Web3 expert but I am still fascinated by it. It reminds me of the early days of PCs, which had a fair share of weird naming conventions and acronyms.

I’ve been following Natalia at Propy for a few years now and they always seem to be coming up with new ways for Web 3 and real estate to converge. I know we all have a lot on our plates but I think this is something we should all be paying more attention to.

See you next week in Orange County!

Right before I’m heading off to CMLS Drew Meyers and I will be co-hosting a soiree in Costa Mesa next Tuesday, the 27th. If you haven’t registered and want more information click here. The venue will be a garage/workspace where Dan and work sometimes and I keep my two classic VWs. So if you wanna check out my sweet 15 window ’59 Bus, have a few drinks, and hobnob with some of proptech’s finest join us!

And for those of you heading down from Los Angeles from the iOi Summit, I know a few have reached out about car-pooling or sharing an Uber. Hit me up if you need a ride and I’ll try and connect everyone. See you soon!

New Event: Join us in Orange County on September 27th

I’m kinda bummed that iOi Summit and CMLS are booked for the same week. Just another scheduling victim of the pandemic. CMLS runs from September 28 to September 30 and I’m way excited about going to Indianapolis, for what feels like a back-to-normal CMLS.

That being said Drew Meyers of Geek Estate reached out to me and asked if I wanted to co-host a pre-party for iOi Summit in Orange County. Drew does these “Sorries” as part of his GEM group. I had a bunch of fun with my Orange County Prop Tech Summit so I immediately said “Yes”!

Anyway, we will be holding it at Dan and my garage/office/maker space. See the link below if you are interested in attending.

Link for more details – > GEM Soiree – OC Edition

I just hope I don’t miss my flight to Indy the next morning!

P.S. For those of you coming to iOi Summit and not familiar with the area, the location of this event (Costa Mesa, CA – Orange County) is at least 45 min to an hour away (depending on traffic) from the iOi Summit event hotel (JW Marriott Los Angeles), so plan accordingly. If you are flying into the John Wayne airport (SNA) the event is only about 10 mins away.

Orange County PropTech Mixer is next week!

Pretty stoked about the response I’ve been getting for this event. We have a lot of great people attending and I’m looking forward to catching up with everyone. If you are in town I hope you can join us. We have a limited space on the patio reserved for us and just a few tickets left!

Register => Orange County PropTech Mixer

Craig Rowe of Inman News says MLS providers should stay in their lane

The 6 tech trends that defined real estate in 2021

“Many of the nation’s multiple listing services are now rebounding with attempts to develop and deliver technology for their members instead of seeking the best possible options in the open market.

Beyond it not being their core competency, building software isn’t easy, cheap or a one-time thing.

There’s simply no way for MLSs to create a system, continually support it and offer training and help to thousands of members (in some cases, tens of thousands) without significantly raising fees, which it will need to do in order to hire more experienced technology professionals, including expensive engineers and developers.”

Inman News

This matches what I hear from a lot of vendors: Remember when all the big franchisors and real estate brokers announced they were “technology companies”, not real estate companies. How’s that working out?

He goes on to cite the vetting process most MLS providers follow.

“How can this not further complicate how due diligence on other products is handled, especially when they provide comparable services? Thus, does it best serve members, or the politics and public image of their organization?

It’s also hypocritical, specifically in any case where an MLS has refused to partner with a vendor for fear of that vendor being acquired.”

Inman

He said it, not me. 😇

My T3 Sixty Interview

T3 Sixty Organized Real Estate with Clint Skutchan with guest Greg Robertson

Enjoyed my conversation with Clint.

About that Zillow SNL skit

I’m sure if you are like me you got this video forwarded to you a hundred times. The skit is funny and like all good satire, spot on. Even down to the real estate agent (do you think RE/MAX paid for that placement?)

But what got me thinking was the daunting task CoStar and others have to supplant Zillow. Zillow had already crossed over and became a verb (the word “zillow” is googled more than “real estate”) And now the pandemic has made Zillow part of our culture.

Jeff Goldbum is not going to save you.

ClimateCheck.com offers reports to tell how Climate Change will affect your home.

ClimateCheck calculates climate change risk for homeowners

“With every day that passes, climate change becomes more of an imminent threat to our livelihoods. This year, and nearly every other year in recent memory, wildfires have ravaged the West Coast while hurricanes have wreaked havoc across the Gulf Coast. But even as environmental concerns increase, it’s hard for homeowners to accurately and easily determine if their property is at risk.


An online platform launched on Wednesday called ClimateCheck aims to change that by taking the guesswork out of climate threats for homeowners by allowing instant access to a property’s vulnerability to environmental impacts related to climate change. “

One of those ideas, you think somebody would have already launched since it’s so obvious. I was able to order the full report and surprised by the amount of data, over 30 pages worth. The PDF report pages are nicely laid out with easy to understand data visualizations.

I think consumers are going to love this and can see it become some sort of standard report being offered when you are purchasing a home.

Sponsored By MLS Reset