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AGENTS WILL NOT BE REPLACED BY 
TECHNOLOGY…. 
…THEY WILL BE REPLACED BY AGENTS WITH 
TECHNOLOGY
ALISTAIR HELM 
• Founding CEO of 
Realestate.co.nz (2006-2012) 
• Founder Zoodle (2009-2012) 
• Founder Properazzi (2012-)
There are around 1,800,000 
houses in New Zealand 
The market value of the housing 
stock is around $725 billion
72,000 house sales 2014 
down 10% from PY 
Total value of residential property sales 
$38 billion in 2014 
down 5% from PY
9,500 active licensed real estate 
salespeople 
Generated $1.3 billion in commission fees 
in 2014
The average real estate sales person 
earned $45,000 in 2014
5 Steps of Real Estate 
Marketing 
Listing 
Appraisal 
Prospecting Facilitation Negotiation
TECHNOLOG 
Y 
impact on real estate
EVOLUTION THUS FAR 
TODAY 
FUTURE IMPACT
2004
2004
HOME 
BUYING
AGENT CENTRIC 
• Every aspect of real 
estate transaction
GATEKEEPERS OF 
INFORMATION 
• Printed brochures 
• Sales information 
• Location addresses
CAR & PHONE
PROPERTY ADVERTISING 
• Limited information 
• Single photo 
• No address 
• Agent role as gatekeeper
AGENT RELUCTANCE 
• Internet 10 years 
• PC’s 20 years
439 Houses for Sale
2004 - 2014
2005 
• Maps
2007 
• Images
2009 
• Social Media
2009 
• Social Media - Agent 
Voices
2010 
• Video
2010 
• Floorplans
2010 
• Mobile
2011 
• Premium Advertising
2012 
• Tablet
New Zealand 
Lagging 
global innovation
PLATFORM EXTENSION 
• Zillow
EXPERIENCE 
• 3D - Matterport
EXPERIENTIAL 
• Totally immersive 
experience
TRANSACTION 
• Auction.com
UNBUNDLING 
• easyProperty
5 Steps of Real Estate 
Marketing 
Listing 
Appraisal 
Prospecting Facilitation Negotiation
REAL ESTATE IS 
MASSIVELY INEFFICIENT 
• 2/3rd of time spent 
prospecting
GENERIC FEEL 
• Undifferentiated 
• Buy the brand? 
• Buy the agent?
PROSPECTING 
• How do I find an agent?
AGENT ATTRIBUTES 
• Proven track record 
• Local market experience 
• Relevant sector 
experience 
“Someone who has sold a 
house like ours, recently, in 
this area and achieves a 
fast sale at or above the 
market”
WHAT LIES BEHIND THAT 
SMILE? 
• How transparent is the 
real estate industry?
DATA IS KEY
LOCATION 
SIZE 
PRICE 
STYLE 
Number of listings 
Number of sales 
Asking price / Sale price 
Days on the market 
Quality of content 
Premium advertising 
Marketing performance 
Social ranking 
Lead generation
Real Estate 
It’s all about data
5 Steps of Real Estate 
Marketing 
Listing 
Appraisal 
Prospecting Facilitation Negotiation
LIBERATION OF DATA
5 Steps of Real Estate 
Marketing 
Listing 
Appraisal 
Prospecting Facilitation Negotiation
PHOTOGRAPHY
SIGNAGE 
• Still relevant
LEVELLED THE PLAYING 
FIELD
90% OF BUYERS ONLINE 
• Trade Me Property 
• Realestate.co.nz
DAY 1 IMPACT 
• Fast decay meanings 
timing is everything
TECHNOLOGY 
• The enablement of 
tomorrow’s real estate
5 Steps of Real Estate 
Marketing 
Listing 
Appraisal 
Prospecting Facilitation Negotiation
FACILITATION 
• Persistance 
• Emotions 
• Persuasive
NEGOTIATION 
• Close
THERE WILL ALWAYS BE 
AGENTS 
• They may just act 
differently and be better 
informed, skilled, trained
AGENTS WITH NEW 
SKILLS SUPPORTED BY TECHNOLOGY

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University of Auckland Agents with Technology Oct 2014 Alistair Helm