Things have been busy at Casa de ARE-TEC. We’ve been expanding into new MLSes near weekly, and I’m negotiating into new ones as quickly as possible. In the process of ramping up sales, I’ve been talking with agents all over the country and there’s a common theme. It appears December is the month to reflect on the prior year, plan for adjustments for the upcoming year, set goals, set budgets.
There’s not many that can afford to spend frivolously in this market and economy. Now, more than ever, you’ve got to squeeze every last cent of value out of your purchases. As an agent myself, I’m right there with ya.
So here’s what I’m doing:

In my area, the luxury market has completely dropped out. High end homes aren’t selling. But – the investors are back. Not the I-bought-a-video-and-now-I’m-going-to-buy-a-duplex-with-no-money-down “investors”, but the real ones, the ones who stopped buying when our prices skyrocketed a few years ago.
And they’re buying the bargains, which around here, means they’re buying bank-owned homes. So I need to target the bargain hunters by showing them what’s available.
BUT – “bank-owned” is not a field in my MLS that I can search on, though we’re required to disclose that in the description. Which means it could say lender-owned, or REO, or bank-owned somewhere in the listing, either in the public description or in the agent-only comments. But I can’t search on that easily. However…
My IDX has a full text search, which I can make into an RSS feed. Which means I can do a text search for those “bank owned” type phrases, and make a feed of them. And with that, I can make a whole new website that automatically updates with listings that are only bank-owned homes. And since it’s just an RSS feed in disguise, people can subscribe to listing updates anyway they want to – via email, text message, through a feed reader, whatever they like.
And I never have to update it. It updates automatically, from my IDX. Sweet, no?
With the right tools, I can adjust to any market, and target the people who are ready to buy and sell in whatever market I’m in. And that’s an incredible value for my dollar.
