Lots of good stuff at this year’s Inman Connect. We had our first booth - and it turned out to be a great use of resources. Real estate agents, foreclosure portals, and website hosting firms expressed interest in deploying our technology on their sites.
I was most intrigued by what I heard Brad Geisen, CEO of foreclosure.com say. They are now buying properties directly from the bank and holding 15-day auctions, where they will participate in the transaction. The ROI for this model is significant, and seems to be a good way to supplement their solid subscription revenue base.
Auctions are great for eRealInvestor, since we can facilitate them by enabling buyers to evaluate the buy and hold opportunity for properties being auctioned. We allow buyers to compare and contrast scenarios real-time, and we pull in live rental comps so you can see what a property should rent for.
I got to see the WalkScore application for the first time as well, and I really like it. It provides a unique view of the location/ neighborhood of the property.