In Victoria Real Estate We V.OW. But We Can't I.D.X.
After this many years running around the Greater Victoria real estate industry, you would expect that we should be used to all the terms, lingo and abbreviations, ...
For myself, where the English language should be 2nd nature by now..... but Every Day in Real Estate there is a New Set of Terms that come up and are being used while they seem to mean something entirely different than what is stated....
2 recent Buzz terms that have become very common in Victoria Real Estate are:
I.D.X. Which Stands for Internet Data Exchange, a term that when initially read, seem pretty self explanatory, but not so fast, the reality with these terms is entirely different from perception.
- V.O.W. It Stands for Virtual Office Web (site).... That seems pretty simple and obvious what that might be, well hold your horses for a moment. When we asked a few people, what a V.O.W. actually meant, Realtors and None Realtors did not have a clue what it actually means...... and how to use them properly.
Neither one of these terms makes any reference to Real Estate in any form, and omit to say anything about what they do, offer, limit and or restrict.
In all honesty I think these 2 terms where created when a geek and a lawyer met, and after way to many drinks in an effort to really mess with people's minds.
So What and How are these 2 terms used in Greater Victoria Real Estate.... ?(because each area might have different interpretations, so just to confuse it all just a little more.....). The Victoria Real Estate Board, dedicates 27 paragraphs in its regulations towards clarifying the terms and the proper use (for us REALTORS®). Hence we are not surprised that there is more than a little confusion about the terms and their uses..
Let's Start With IDX or Internet Data Exchange;
In Victoria Real Estate, IDX would provide the consumer (both Buyers and Sellers) the greatest bundle of benefits... Buyers would receive instant access to all the property information on any website that offered IDX MLS service.... For Sellers the benefit is that your property would be exposed (advertised) to a substantially larger audience then any one Agent or Agency can achieve.
IDX, is not in place in Greater Victoria, as the required Real Estate Board wide (All Member Real Estate Companies) agreement to facilitate the reciprocal advertising of property data as listed on the Multiple Listing Service of the Victoria Real Estate Board has not been entered into....
If you wonder why there is no such agreement, while there is clearly a Multiple Listing Service Agreement amongst the members of the Victoria Real Estate Board? (we wondered the same thing)...... Well, the only answer that we have been provided with is......that Some of the Owners or Managers of some of the Real Estate Companies did not agree to it.....
Seeing that IDX is not available in Greater Victoria, we will leave the IDX topic further untouched, with one small foot note, because we are often asked about this very common question :.
Why do we have to "Register" or "Subscribe" on your website before we can see any Greater Victoria property information........? The Answer is really because Our Victoria Real Estate Board does NOT allow us to provide property details to anyone that is not registered or subscribed (because we do not have the IDX permissions from our Board to do so)....Trust us, if we could persuade our Board to Approve IDX sharing we would....
Let's V.O.W. Victoria !
The Next Best Thing to IDX is the V.O.W. or Virtual Office Web system that we do offer in Victoria Real Estate, With our V.O.W. System we Provide all our website visitors all the instant Greater Victoria Property information in Great Detail, and well in advance of sites like www. realtor . ca.
The only requirement is that you the consumer have to subscribe or register for this access... Again this not our rule but a requirement by the Victoria Real Estate Board.
There are a good number of advantages to this service, as these tools are pfanntastic.
- You can save your searches, (search by Map, Address, Neighbourhood, MLS number etc.)
- You will receive emailed updates,
- You Will Receive substantially more and better information about the properties you are seeking.
- Use The System on your Smart Phone or Mobile Device while traveling.
Finding your Pfanntastic New Greater Victoria Home, will never be easier, with our search by Map Feature, or the Mobile feature, where you can monitor properties right from your smart phone, while visiting the community...
When You Subscribe to our Pfanntastic Victoria Home Search Service we offer the following as added incentives :
- You will be entered in our draw for $ 50.00 in Lottery Tickets For Those Subscribing to our Pfanntastic Victoria Home Search Service.
- Free Use of Our Moving Trailer.
- Free Copy Of Our 70+ Page Guide to a Smooth Move book. (on your request)
- Free Confidential Consultation about the Best Strategies to Buy Your Pfanntastic Victoria Home and access to 26+ years of Real Estate Results experience (on your request).
- Free Relocation Package (if required)
- Free Downsizing Assistance (if required)
The entire process to set up your Pfanntastic V.O.W. Greater Victoria Home Search will take less than 2 minutes, and you will receive instant access confirmation by email to your property search results. Try it out and We are sure that you will be impressed. and Oh by the way,..... Don't be afraid that we vow not to bug you (pun intended).