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Sep 18 20

RIP Ruth Bader Ginsburg

by Greg Robertson

“I would like to be remembered as someone who used whatever talent she had to do her work to the very best of her ability.” – RBG

Such a loss. 2020 just won’t stop. 😥

Sep 17 20

N.A.R. should steal this idea

by Greg Robertson
Charles “Chuck” Williams, CEO & Founder Buyside

America’s Top Real Estate Firms Come Together to Launch the First-Ever National Home Valuation Week in Partnership with Buyside

“After a rapid growth in the network of firms on the Buyside platform adding $54 billion in listing opportunities, the company pushed even harder for more listings and worked with its broker clients to launch the first ever National Home Valuation Week (#NHVW), which begins Monday, September 21st, 2020. Top real estate firms located in the United States will be participating in the event, joining together to promote consumers to check the value of their home though their local broker.”

You know how you are always hearing about “National Puppy Day”, or “National Margarita Day”, well this idea takes a different spin on that and I think it’s genius.

National Home Valuation Week (#NHVM) promotes homeowners to check the value of their home through a local broker/agent. Boom!

With a nationwide housing shortage, this could be a great way to encourage homeowners to consider selling their homes. The best way to make this successful is to increase the coverage.

I’m sure Charles Williams, founder, and CEO of Buyside has trademarked the shit out of this but that doesn’t preclude N.A.R., Zillow, Opendoor, whoever from working towards something that would benefit the entire industry. Chuck’s contact information is listed at the bottom of their press release. Call him. Let’s do this!

Plus, once they get a quick valuation from Buyside and the agent needs a present a full CMA, I know a guy.

Sep 16 20

Join me live tomorrow on Water Cooler with Chris Smith and Jimmy Mackin

by Greg Robertson
Click here to watch live

I’m super excited to join Chris Smith and Jimmy Mackin of Curaytor tomorrow at 2PM PT on their live video podcast, Water Cooler. Just click on the link below at 2PM PT or 5PM ET.

https://www.curaytor.com/live

We will be talking about my new book, The Art of the CMA, which you can purchase here. And anything else that comes up.

Chris and Jimmy have written multiple books and provided a lot of inspiration and advice. So grab your favorite beverage and get your list of questions together and join me live!

Sep 16 20

Opendoor announces merger, first step in going public

by Greg Robertson

Opendoor announces merger with Social Capital Hedosophia Holdings Corp. in bid to go public

“iBuying platform Opendoor said it will merge with Social Capital Hedosophia Holdings Corp. II. to become a public company using the special purchase acquisition company in a deal that values Opendoor at $4.8 billion and provides it with up to $1 billion in cash proceeds. 
The transaction announced on Tuesday is also supported by a $600 million so-called private investment in public equity, or PIPE, at $10 per share, with $200 million from entities affiliated with Social Capital, including $100 million from Chamath Palihapitiya, founder and CEO of Social Equity, $58 million from Hedosophia, and the remainder from existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management, the release said.
The company said the transaction will allow Opendoor to continue to invest in growth, market expansion and new products to accelerate its overall plan to become a digital one-stop-shop for homeowners.”

If you get a chance listen to their investor presentation, which really gives you a good perspective of how Opendoor perceives the market.

Now that Opendoor is going to have access to capital from the public markets this battle between Zillow and Opendoor is going to have massive (and disruptive) benefits.

We are going to see a lot of innovation take place due to their competition and that is going to be great for consumers and I think real estate as a whole.

Sep 15 20

RIP William Gates Sr.

by Greg Robertson

Remembering my Dad

“The Bill & Melinda Gates Foundation would not be what it is today without my dad. More than anyone else, he shaped the values of the foundation. He was collaborative, judicious, and serious about learning. He was dignified but hated anything that seemed pretentious. (Dad’s given name was William H. Gates II, but he never used the “II”—he thought it sounded stuffy.) He was great at stepping back and seeing the big picture. He was quick to tear up when he saw people suffering in the world. And he would not let any of us forget the people behind the strategies we were discussing..”

Very moving tribute from Bill Gates about the passing of his father.

Sep 15 20

Don’t miss Inman Connect Now

by Greg Robertson

It’s going on today. Looks like a lot of good content. Katie and Sam are co-moderating a Tech & Data Breakout at 12:30 PM PT.

This session with Cameron, Jeff and Melissa, right before the above session (12:00 PM PT) looks good as well.

Tickets are still on sale, less than $50 for Select Members.

Sep 14 20

Deal to acquire CoreLogic gets sweeter

by Greg Robertson

CoreLogic Target Of Takeover Effort, Gets New, Bigger Offer

🧐 Developing…

Sep 14 20

Rapattoni celebrates its 50th anniversary

by Greg Robertson

Rapattoni Corporation Celebrates 50 Years Serving the Real Estate Industry

“Niki Rapattoni shared some additional memories on the company’s many changes through the years, “This has been a historic decade filled with so much we never anticipated. Andy’s passing in 2015 set a new course as I stepped into the CEO position and formed an executive team to lead the new visionaries and formalized our leadership team to make it all happen”

I’m a little late to the party posting this but I didn’t want it to pass without mentioning it. 50 years is a huge accomplishment. In a world dominated by “get big fast” business models backed by obcene amounts of capital companies like Rapattoni are an inspiration. Congrats to Niki and everyone at the company. Andy would be proud.

Sep 11 20

Opendoor might go public via merger with Social Capital II

by Greg Robertson

Report: One of Social Capital’s newest blank-check companies is looking to reverse merge with Opendoor

“According to a new report in Bloomberg, Opendoor, the San Francisco-based company that aims to help people buy and sell homes with the “push of a button,” is in advanced talks to go public through a merger with Social Capital Hedosophia Holdings Corp. II.
The outlet says the blank-check company, which raised $360 million in April and is led by Palihapitiya, is “discussing raising fresh equity to help fund the transaction with prospective investors,” and that the combined company would be valued at around $5 billion in the deal.”

Never heard of a “blank-check” company” before. But this move makes sense. Opendoor has a concept that people can easily understand, people also understand that real estate is hot and seems to not only be “pandemic proof”, but thrive. Opendoor’s concept of buying a home “at the push of a button” seems to be a perfect model for the current environment.

This also gives Opendoor an easier way to go public (and quickly) to raise the necessary capital they need to execute on their vision.

Sep 11 20

NTREIS expands services to Northwest Louisiana

by Greg Robertson

NTREIS Welcomes the Northwest Louisiana Association of REALTORS® as it Expands

With NWLAR, there are 15 diverse REALTOR Association Shareholders in the NTREIS family. The regional MLS contracts with vendors for services and wholesales to the Shareholders who provide direct services to their membership.

John Holley, CEO of NTREIS added, “Our decentralized model is attractive to Associations that wish to provide a high level of REALTOR services to their membership but have another entity to do the heavy lifting of the technology and data services of a multiple listing service.”

Makes sense. Fits NTREIS’ model, plus NWLAR members get to take advantage of NTREIS deep member services. These cross-state consolidations are becoming more common.