regionalidx.com

First American is suing eight different companies for automatic valuation model, AVM, (or is it method?) including Zillow.com

AVM is basically defined as giving people an automatic value of their home. Zillow.com, back by more than $70 million, is the largest player in this arena. Among the real estate community, Zillow.com is notorious for giving completely inaccurate values making the job of real estate agents a tad more difficult.

I laughed out loud when I saw this one. Yes, as always, this is an actual picture originating from the Regional MLS. This picture attached to a Juno Beach house for sale. Apparently the dog comes with the house. Why else would there be a picture of a dog?

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The greater West Palm Beach area recently made national news when Money Magazine published a list of the top home price appreciation areas and projected declines in the next 12 months. Here's the lists:

Jim Collins analyzed a broad range of companies when he authored a book called From Good to Great. He was searching to see what made a group of people, not just good at what they do, but great. One chapter focused on what is called a hedgehog concept. A team should ask the following:

I couldn't help but post this to the MLS 52 pics. I just happen to come across it. Yes, a real listing (it's a commercial listing to be exact). This is actually from the Martin IDX but made an exception to post it on Regional IDX as an example. Apparently, this pizza is for sale for $299,111. But I can get you a similar one for $9.99 and if you order on a Tuesday, it's only $6.99.

I was out to dinner with some friends recently. They have busy lives of family, children, business and travel. So when the topic of searching for real estate on web sites came around they listened closely because felt like they were talking to an expert concerning real estate web sites.

Real Estate Web Sites are popping up all the time. Apparently, the American public has a hard time understanding the differences of real estate web sites. So this article helps to sort out everything in plain terms.

In a recent issue of the Regional MLS publication, Regional RE-Views, an article concerning their public website, hometoflorida.com, states that the official sponsored site "includes ALL of your listings in MLXChange..." This isn't accurate. Add a comment

The Palm Beach Post, which covers Palm Beach and the greater West Palm Beach area, released their new version of their real estate section this week. It's kept at: http://floridahome.palmbeachpost.com We'll look at the web site a little and point out the good and the bad.

Besides developing real estate web sites for real estate agents who are members of the West Palm Beach Regional MLS, we also consult with real estate brokers in the West Palm Beach Regional MLS who deal with national IDX companies (whereas regionalidx.com specializes in the Regional IDX from the Regional MLS).

Recently, we had a situation where a local broker member of the Regional MLS hired a national IDX company (let's call them national IDX company A) to provide services to their web site. The national IDX company A apparently was going through some changes and "borrowed" photos from another national IDX company (let's call them national IDX company B).

Similar to last week, and we won't post any more in this category, this pic is from a outside the country. Do people really search for properties in West Palm Beach Regional IDX that are outside the country?

Let's rephrase for a specific, if you wanted to buy a property in Utah, would you say "Let me check Regional MLS"? No? We don't think so either.

RealTrends, an industry leading e-news magazine, recently listed West Palm Beach, FL as being one of the riskiest markets in America. Coming in at number 5 on the list West Palm Beach is behind Fort Lauderdale who came in at number 3. Here's how the list comes in:

Riskiest Markets

   1. Riverside-San Bernardino, Calif.
   2. Miami-Miami Beach
   3. Fort Lauderdale
   4. Los Angeles
   5. West Palm Beach-Boca Raton
   6. Las Vegas-Paradise
   7. Tampa-St. Petersburg
   8. Orlando-Kissimmee, Fla.
   9. Santa Ana-Anaheim-Irvine
  10. Jacksonville

I'm sorry... what!!! Yes, this is an actual picture from the Regional MLS. It is from an increasing number of listings outside of the country. Apparently a subway system is for sale.

MLS Pic 1 of the week is dedicated to the frustration of agents and clients who are looking for a home originating from Regional MLS and are unable to see any pics at all. If buyers can't see any pics, they'll simply move onto the next property. A sure way to rob a listing of any value at all.

Regional MLS, www.rmlsfl.com, starting advertising to it's customers in late 2008. The ads, provided by Adify, www.adify.com, adds additional revenue to Regional MLS along with advertising from it's newsletter, professional services and membership dues.

From experience, the ads are mostly credit score ads and class mate ads with advertisers such as classmates.com and freescore.com