Imagine all the people….

Einstein once said “Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.” I never really quite understood this piece of wisdom, especially as a young Physics major back in college. I was trained to believe knowledge held the power to everything. As I have grown I’ve come to realize that imagination is truly the best thing going for anyone. If can imagine something and work towards it then you’ll certainly achieve what you’re seeking.

I bring this up because I am fascinated by globalization and Internet technology. I believe we have just touched the tip of the iceberg. The world will truly be transformed in the next few decades. I can feel it in my bones!

Now, where am I going with this you say? Readers of my blog will remember that I brought up the possibility of outsourcing Realtors to India. Many thought I was crazy and said it was outside the realm of possibility. I’m not saying this has been done yet but you’d be surprised to read about some of the services being outsourced these days. What would you say to the idea of having your child tutored by someone in India? How about buying your home with low interest money in a foreign country, your own carry-trade operation!

I just read WSJ articles on these topics. These articles talk about the different possibilities out there and how imaginative companies are making it happen – profitably!

Homeowners Abroad Take Currency Gamble in Loans (Subscription required)
Outsourcing Your Life  (Subscription required)

Read and enjoy. Let me know what you think too! I imagine you’ll have a few things to say.

Real Estate and the Internet

Seems like the past few years there has been a tussle brewing between those working in Real Estate and the Internet. This season of “creative destruction” has been somewhat painful to watch quite honestly. A case in point is the Zillow “cease and desist” order The Phoenix Real Estate Guy talked about over the weekend.

Now CNN Money has reviews on the latest tools available on the Internet for home buyers and sellers. Of course all of these tools affects Realtors. Here is the link. Below is the summary:

1. Iggys House offers a valuable service for owners who want to sell their homes themselves: free access to the multiple listing service (MLS).
2. Zillow
3. enables user to both read and write reviews and comments about the street where they live.
4. Zaio is a new company that works with appraisal firms all over the country that employ physical inspections for all the properties they evaluate. This should produce accurate appraisals that will be regularly updated as home prices change. The appraisal will be available, for a fee, to consumers online.

With statistics showing that over 80% of consumers begin the real estate search process on-line (source: NAR), you can understand why the tussle over the Internet is so important.

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