Real Estate News, Views & Schmooze!
Real Estate News
Virtual Reality….Now Becoming Reality?
Apr 16th
My April 3rd post titled “Virtual Real Estate Reality or Just Virtual Insanity?”has generated some serious buzz on the subject of Virtual Reality and its future impact on technology and the web as we know it.
Check out this special report from Business Week.
Property Of The Week: South Minneapolis Commercial Retail Listing
Apr 13th
3801 Nicollet Ave. S
Minneapolis, MN
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Rates Start at $10.00 a SF!
MLS vs. NON-MLS Listings…What’s the difference?
Apr 11th
You’ve all heard of the MLS or Multiple Listing Service. If not, it’s a database that allows Real Estate Brokers (like Ladin Ventures, LLC) to widely share information about properties with other real estate brokers who may represent potential buyers or wish to cooperate with a seller’s broker in finding a buyer for the property. You must be a member of the National Association of Realtors as well a member of your local board to participate and have access to MLS.
The Minnesota Association of Realtors or MNAR is the main board for Residential Real Estate in Minnesota. The Minnesota Commercial Association of Realtors or MNCAR is the main board for Commercial Real Estate. To your benefit, Ladin Ventures, LLC is a member and has access to both MLS systems.
Ok. So what’s the difference between MLS and Non-MLS listings?? The MLS is a great resource for finding properties. However, sellers sometimes choose to market their properties as NON-MLS. They do this for a couple of different reasons.
First, a property owner may not want the wide exposure and attention that the MLS brings. Secondly, typically MLS properties are usually picked through prior to hitting the MLS. Long before a property actually goes on the MLS, many people have already been notified that this property is about to go “main-stream.” That is why NON-MLS or Pre-MLS properties are fantastic finds and where you’ll most likely seek out great properties.
Ladin Ventures specializes in identifying NON-MLS and Pre-MLS properties for its clients both on the Buyer and Seller sides. Over the years, we’ve developed an Exclusive Network of both buyers and sellers who get the “first crack” and “inside information” on hot properties which we utilize prior to mass marketing on the MLS.
Remember…
“It’s All Who You Know!”
Virtual Real Estate Reality or Just Virtual Insanity?
Apr 3rd
I was speaking with my friend and fellow blogger of FlippingRich.com, Derrik Dyka yesterday about this article I had read on how others are making some big bucks on real estate in a virtual world called Second Life. I heard about this site almost a year ago on a discovery channel program and thought I would check it out for myself.
After futzing around on the site for an hour or so, I got bored and decided I had enough of it and would just forget about it. Apparently, I gave up too quickly on it. A month ago while sitting in a doctors office and trying to pass the time by thumbing through a copy of Business Week, an article headline jumped out at me titled “My Second Life”. I was astonished to see that this so-called virtual world had hit mainstream business and that every big-time player was starting to take notice and profit from it.
This months Realtor magazine also featured an article called “The New Land Rush” which summarized how Real Estate Professionals are starting to market their brick and mortar listings as well as even buying and selling virtual real estate.
What does this all mean for us? Well as far as advertising and marketing goes, I definitely can see it as an another potential avenue. However, for buying and selling parcels of virtual time and space? I think it’s a pipe dream. Do you think Einstein ever dreamed we might actually give-up our “real lives” for a virtual one? Appartently some people already have.
This all reminds me of the movie “The Lawnmower Man.” If you haven’t seen it, it’s about A scientist who performs experiments involving intelligence enhancing drugs and virtual reality on a simple-minded gardener. He puts the gardener on an extensive schedule of learning, and quickly becomes brilliant and then too smart for his own good. I must say, this is all a little scary yet rather quite intriguing!
To all my readers, I’d like to know your thoughts on the subject. Will all this hullabaloo turn out to be the future of our existence or is this all (as Michael Stipe of REM once belted-out) “The end of the world as we know it?”