Part one of a two-part series.
A hubbub of
technological euphoria swirls in real estate. It's been here since the
early days of agent domain squatters and will likely last well past
Real Estate Connect 2008, where talking heads, brokers, innovators,
technologists and bloggers sipped from the Pixie Sticks of cool and
trendy.
Web 2.0. It's now a bona fide addiction. Connect proved
that. The merry band of bloggers and Twitterers mingled, typed and
grooved to the orange and green.
For some, it has become a lifestyle. But this stuff can also be a van loaded with weapons, packed and ready to go.
Or it can be a gravesite out by the highway -- a place nobody knows.
And gunfire off in the distance
By
the close of Connect, dozens sat in airports Twittering about sitting
in the airport. Others madly signed up "friends" on social networks.
Bloggers blogged to other bloggers about all the blogging taking place
at the conference.
I spent the weekend sifting though e-mails, accepting and denying invites from people I do not know.
I wondered how any of this helps build business.
Of
course I get Web 2.0. But with a calm reserve. Enthusiasts might note
that my year-old consulting firm has benefitted greatly from our blog,
but that would then detract from the years of experience my business partner and I
have inside this industry.
And herein lies a balance I feel is
often overlooked by the preachers, teachers and believers. The
promiscuous social necking and compost heap of useless tweets that
steam atop the real estate "conversation" often, for me anyway, have no
correlation to terrestrial real estate excellence.
Real estate
is in the market equivalent of wartime.
The battle is fought between
what's trendy and what's real. Between anecdotal and fact. Between hype
and truth. Between profit and loss. With so many Web 2.0 tools and
applications now being deployed onto real estate it feels as if
practitioners are armed with only a fuse. Bullets of random advice are
pinging off your helmets daily. Your efforts ricocheting out of control.
The explosive power of deeper thinking and real application of these revolutionary tools is left unharnessed and lost.
Three passports and a couple of visas
Video,
mapping, blogs, vertical social networks -- these Web 2.0 tools are
sound. But I wonder how are you applying them? How are you not applying
them? Are you caught up in a facile enthusiasm, spending days and
nights Twittering about what the most menial things you're doing instead of participating in truly meaningful discussion about
the consequential benefit of that activity to your clients?
Are you starting to wonder whether this Web 2.0 stuff, or at least how it's being presented to real estate is
noting short of a way to distract you in the wake of such a slow market? Are you
scratching your head wondering what the heck the bottom line is on all
this stuff? Or if there is some sound application to all this that has not yet revealed itself?
If you are you are not alone.
And she was
Real estate had it right all along. Buying a home is different
than buying a used car. Or airline tickets. Or shoes. Online, or for that matter, off. While there are
things we can and must borrow from those experiences it is its own experience that needs to be polished not molded to become MySpace.
As for the tools and applications and the spirit of Web 2.0, it is, at this juncture a complement, not a
replacement, for the old-fashioned tenets of real estate services that
are born out of providing a deep sense of intellectual guidance, service and
benefit to the consumer.
As for transparency, well... I think that when it comes to stripping that final coat of cheesy camouflage off of real estate and revealing it's many secrets and truths, that's more about survival than it is about Web 2.0.
"This ain't no party, this ain't no disco, This ain't
no fooling around, No time for dancing, or lovey dovey," or you ain't got time for that now!"
- Davison
This
is part one of a two-part series. Next: A deep, balanced dive into
the new tools, what they mean and how to get the most out of them.
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