Inspectors for residential insurance companies and mortgage underwriters will soon be equipped with pen-based laptop computers whose reports can be transmitted to a central computer 24 hours a day.
First American is one of the nation’s largest companies in property reporting and inspections for mortgage companies, banks and investors. The company, based in Dallas, will provide comprehensive inspections for homeowner policies, including replacement cost calculations and high value dwelling reports.
With the most sophisticated technology available, such as pen-based laptops, and a national network of full-time field inspectors in place, First American Field Services brings significant added value to the property inspection industry,” said Bayard D. Pore, executive vice president and COO of First American Field Services.
In addition to electronic ordering and state-of-the-art EDI (electronic data interchange) delivery, First American offers a unique, automated data collection capability, enabling the sorting of inspection data according to user-defined fields, Pore said. how property valuer calculate value of land?
First American offers a number of services in the home buying processing, including tax services, flood mapping services and mortgage credit reporting.
The home building market may be cooling off, according to a monthly survey of builders.
Smart Realtors, brokers and real estate franchisers have figured out that the implosion of the multiple listing services is not a pop trend. The idea of a closely guarded and exclusive homes-for-sale listing service is as dead as the Century 21 gold jacket. Technology is ripping apart the old paradigm and replacing the tired tradition with something that still is not clearly defined.
Today, MLS services and agents have the option of putting their listings up on multiple electronic platforms: Realtor.com, Listing Link, California Living Network, Cyber homes, Home seekers and Home Scout are just a sample of the popular search engines and MLS providers that are going on-line.
Regional sites like the Houston Association of Realtors and Florida Living Network with 54,000 listings also are powerful sites. And there are an explosion of newspaper sites with real estate listings, such as the Star Tribune in the Twin Cities of Minneapolis and San Diego On-Line, which is sponsored by the San Diego Union-Tribune.
Summary: There is no doubt that competition is increasing in valuation business. It is therefore important to look for new customers while strengthening relationships with existing customers.
Running a successful real estate valuation business successfully is getting tougher with each passing day. The levels of competition are increasing quite dramatically and therefore today you have twice the number of service providers chasing almost the same number of customers. In such situations, if you are serious about your real estate valuation business from the long term point of view, you must find out ways and means to expand your business. This can be done only to a limited extend with your existing number of customers. Hence, it is very imperative that you look for new acquisition of customers. This is however easier said than done because you can be quite sure that you will have scores of other property valuers trying the same method to increase the customer base. It is therefore imperative that you find out unique and novel ways by which you can reach out to new customers.
Using technology to your advantage is very important in your endeavor to build newer and more efficient networks. Real estate valuation at the end of the day is nothing but a service and the best way to improve service levels is to look out for new customers while deepening relationships with existing ones. The internet can certainly help you in your endeavor to reach out to more numbers of customers. For example, having a website and ensuring that it attracts more number of visitors is a simple but effective way to look for new prospects. If you can announce in your website that you are Offering Online Valuation facilities it can certainly be a game changer for your valuation business.
There are other ways too by which you can target new customers. Becoming a member of reputed chamber of commerce is a wonderful and time tested way by which you can target new customers. This will help you to target not only retail customers but you will also be able to build good rapport with banks and financial institutions. These corporate clients can provide you with bulk business which can be extremely useful to take your business to higher levels. Last but not the least being present in various social media sites and also taking part in web awards and competitions can also help your valuation business quite significantly.
Not one, but several would be our prediction. And which few is rapidly becoming more clear as the listing business matures. First, only those home sites that have a comprehensive base of home listings will be in the game. Many firms that had great technology misunderstood the problems of getting listings. It is political, it is driven by trade-association turf and there are data conversion problems. Property valuation is dividing for doing valuation of property to get its cost known. For more info:- www.wcvaluers.com.au
For those that have the listings, the fight is between those who have the best technology, best promotion, best local alliances, best brand and best ancillary content.
Sophisticated mapping programs like the geo-coding found on Cyber homes gives us a glimpse of that technology edge. Search engines like Home Scout that access multiple databases also offer a clue as do integrated community data that complement the home search like the information found on the California Association of Realtors Living Network.
Promotion is another important factor. Who has the resources to advertise, conduct a media campaign and keep their http: in front of the public?
Already, franchise outfits like Coldwell Banker have spent substantial amounts of money on advertising its Internet address, in order to drive traffic to their Web site. Century 21 has been doing cross marketing with its partnership with AOL.
Also, local alliances with newspapers, such as that between the San Diego Union Tribune and the San Diego Assn. of Realtors and NAR, help drive traffic to the site. Newspapers use in-house promotional space to brand their site.
Soon, the California Assn. of Realtors will be announcing a similar alliance with the Los Angeles Times.
But the site is still in its embryonic state. The site promises “one million listings soon” but for now it only includes homes 109 properties in California, 1943 in the Pittsburgh area and 65 in Louisiana.
The learning curve will take a sharp leap upward at Los Angeles public housing this week when the first of seven state-of-the-art computer learning centers opens at the San Fernando Gardens project Thursday.
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“It’s really important for kids to know how to use computers because both computers and children are the future,” said 28-year-old Charm eon Smith, a resident of the project who recently landed a job as an assistant at the center. Smith, who hopes to start a computer business Property valuation controls for children some day, is an alumni of the Los Angeles Housing Authority’s job training program.
Residents will be offered skills training such as personalized General Equivalency Diploma (GED) preparation, office skills training and ESL support at the centers, each of which will be equipped with a minimum of seven PCs and two printers. The centers also will offer tutorial programs for children in subjects ranging from math and reading to science and computers.
“We want to give our residents the opportunity to take part in the 21st century,” said Ozie Gonzaque, chairman of the Housing Authority of the City of Los Angeles Board of Commissioners. “These centers meet the needs of children and help train adults in a full multimedia approach.
Home entertainment isn’t just TV and the stereo anymore, according to the latest Internet-user survey by Georgia Tech University. More than half of all World Wide Web users plug into the Internet from home where most — more than 80 percent — browse for pleasure and more than a third check out the Web instead of watching television at least once a day.
The fifth such study by Georgia Tech, the copyrighted survey is purported to be the largest overview of Internet activity in the world, this year garnering more than 11,000 responses from the United States and Europe.
In addition to collecting demographic and lifestyle data, this year’s survey expanded into political and privacy questions.
It found that Web users are politically active, with more than 92 percent of those surveyed registered to vote and 60 percent voters in the most recent elections in their respective countries. More than 50 percent of World Wide Web users consider themselves moderate or independent liberal voters. Interestingly, more than 40 percent said they had become more politically active since hooking up to the Internet.
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The survey found that 43.6 percent of those surveyed were frequent Web users, with 44 percent using the Web 1 to 4 times a day and 37.9 percent using it more often. Online newspapers were popular sites, as was CNN’s online presence. Many Web browsers, the survey discovered, found their way to Internet locations through other Web sites. It noted that the most common Web activity is browsing (78.7 percent) followed by entertainment (64.5 percent) and work (50.9 percent).
“When it came time for Bob Redoutey and his neighbors to start a homeowners association for their 140-home subdivision in Round Rock, Texas, they needed a set of bylaws to get started. So Redoutey sent an e-mail message to an on-line Usenet group that dealt with homeowners associations. “
Within two days, Redoutey learned where he could find a qualified homeowners association lawyer and he discovered that he would have to pay approximately $500 to an attorney to prepare a set of bylaws. While the World Wide Web seems to get most of the attention today, a less glamorous part of the Internet are specialized news groups, which are quickly becoming a popular way for people with similar concerns to get going on the information highway.
In real estate, they are getting free advice on everything from housing discrimination and pets in apartments to new laws on where to put satellite dishes.
A newsgroup is a network of people who generally share a special interest, hobby or profession. They have computers, a modem and a system for receiving and sending e-mail. There are news groups for virtually every special interest in the country including groups for cats, dogs, gardeners, travelers, boaters, swimmers, entrepreneurs, lobbyists and journalists.
Florida State Comptroller Robert F. Milligan today announced the arrest of Lloyd Ray Winburn by investigators from the State Attorney’s Office in Dade County for felony violations of Florida securities law including peddling foreign real estate on the Internet.
Windburn also promoted investments in international businesses, foreign real estate, commodities futures, commercial notes, offshore trusts and other products which he advertised in the Miami Herald and on the Internet.
Securities regulators in Arizona, New Mexico, Illinois, California, the District of Columbia and Missouri have previously cited Windburn for violations of their respective state laws. The U.S. Securities Exchange Commission also has a civil action pending against Windburn for fraud and unregistered sale of securities involving his operation of two offshore companies Property valuation controls Banner Fund International and Swiss Trade and Commerce.
The project will involve eight lenders from around the country (including current Loan Prospector users and new users), a housing finance agency and a non-profit agency. As many as 6,000 loans are expected to be involved in the project.
Armed with video projectors and personal computers, the burgeoning online banking industry goes to Capitol Hill today to give Congress a taste of electronic checking, mortgages by modem and other futuristic banking practices.
Bank executives from around the country will demonstrate current online banking technology to the U.S. House Subcommittee on Capital Markets this afternoon. The executives are appearing under the auspices of the Online Banking Association, a six-month-old trade group based in Corte Madera, Calif.. The group was asked by subcommittee chairman Richard Baker, R-Louisiana, to prepare the presentations as the committee studies new regulations for new banking technology, said James Shelton, the association’s executive director.
New developments in high-speed, broad-band access to the Internet are driving financial institutions fast and furiously into electronic banking, Shelton said. While home-based banking has been around for more than a decade, it has been available only through private computer networks, Shelton said. As more consumers sign on to the Internet, however, most financial institutions predict an increase in electronic-banking demands.
Thursday’s presenters will be Brent Robinson, senior vice president of VISA Interactive; Gary Oakland, chief executive officer of the Boeing Employees Credit Union, which offers extensive online services; Bruce Lucked, director of alternative delivery from Bank One, and Dick Roe, president of Roe Communications.
The best property valuer Only that property will call as best property valuer who has license and experience to manage all the required steps then he will complete the process perfectly. Barker also pointed out that, “RIN’s efforts to maintain a closed system prevented it from really addressing either of these goals; consequently, we have seen hundreds of alternative solutions gain some degree of acceptance despite the substantial advantages RIN held, both in funding and access to decision-makers at major boards of Realtors.
Though NAR made an unprecedented investment, the RIN balance sheet is not too different from most Web ventures in its mismatch between costs and revenue. For many companies, the revenue picture is still very hazy, even though there are high hopes for big dollars in most budget predictions Just one year ago, early real estate Webmasters and service providers were charging real estate agents as much as $50 a month per home listing on the Web.
Today, many services are offering to put listings up for nothing. Everyone is cutting prices and most people in this business are not making any money,” said Gabe Gross, founder of Bay Net, which was one of the early pioneers of real estate on the Web. “Most people thought that there was gold at the end of the tunnel, but it was so technologically simple that everyone with a modem could get into the real estate listing business.
He said that one significant change in the home listing business was the entry of the trade associations. They got into the business and had unlimited funding, so they could cut prices, because it was cool for them to have a Web site with listings,” said Gross.
Most real estate information providers have chosen to give access to their content at no charge to the public. The home buyer or seller will pay little if anything for access to the various real estate services or venders,” said Gilbert Barnes, CEO of Data Track Systems, Inc. In fact, the consumer may get it cheaper on the Internet.
According to the Ad Council, an estimated $150 billion is spent on all types of advertising but only $75 million was spent on advertising on the World Wide Web last year. While that number is expected to explode in the coming years, will it be enough to capitalize all of the profit-making ventures For real estate companies who are making investments on the Web, the revenue will flow from real loans and real transactions.
We get more eyeballs from our home listings on-line than all of the newspapers combined,” said Larry Knapp, President, Coldwell Banker Northern California, Danville, Calif. “For us, the commerce formula is simple. It is like classified advertising. But on-line we are getting real leads from around the world and the audience is growing.