This is Part V in our “Does the world really need a new CMA program?” series in which we blog about the creation of our latest web application, Cloud CMA.
Full Spectrum Real Estate
Having just got back from NARDiego Dan and I are super pumped up! There is something special/exciting/nerve racking/terrifying about showing your product for the first time to people outside your company. We gave about 20 private demos to MLS executives and industry colleagues and the response was fantastic!
What I want to talk about today is what I like to call the “Full Spectrum” reports Cloud CMA generates. In a nutshell reports from Cloud CMA augment MLS data with information we gather from top real estate and data providers across the web (or from “the Cloud”, if you will). Currently we access about 11 APIs. What’s an API? According to Wikipedia: “An application programming interface (API) is an interface that a software program implements in order to allow other software to interact with it, much in the same way that software might implement a user interface in order to allow humans to use it.” APIs we use include: a Walk Score from Front Seat, Maps and area photos from Google, demographics, interest rates and recent home sales from Zillow, and school info from Education.com.
We think of Cloud CMA as a platform. A platform that can access any database. The trick is then to create compelling reports with this information. In the case of Cloud CMA we blend MLS data will relevant data we get from these APIs. We then create what we like to call “Big, Bold, and Beautiful” reports. We believe that today’s consumers expects their real estate professional to provide more than MLS data but also from other real estate websites they have been searching and exploring.
Another wonderful benefit about using the data from these great sites is that the information is dynamic. Most agents will email a pdf of the Cloud CMA report they print and present. Cloud CMA pdfs include lots of “hotlinks” so reports come to life when their clients wish to further explore the information provided.
Finally, Cloud CMA reports aren’t just a pretty face, they have a purpose, too! The layout, page order, content and design are all about taking clients to the next step, whether it’s making it an offer, or signing that listing agreement.
Next up, “Putting it all together” or “In which we send your existing real estate software back to the stone age.” ; )