About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.

Power Surge: News Corp and REALTOR.com

For a company that’s been entrenched in the real estate industry for almost 20 years now, Move, Inc. is out to take the online real estate industry by storm.

Fresh off a powerhouse acquisition by media giant News Corp, Move and realtor.com® are gaining momentum on an aggressive growth strategy that makes their business model even more relevant to the needs of today’s real estate professionals and the consumers they serve. And, given the rapid evolution of the online real estate space, the timing couldn’t be better to break away and grab the lead once again.

Searching for and discovering real estate online has become a simple fact of life. Not only do virtually all home searches now begin on the Web or mobile apps, almost half end there as well—according to the National Association of REALTORS® 2014 Profile of Home Buyers and Sellers, 43 percent of all homebuyers end up buying a home that they first spotted on the Internet.

But despite the fact that the all-things-online movement is advancing at warp speed, the human element remains an indelible—and indispensable—part of the real estate transaction. The NAR report also reveals that 90 percent of homebuyers who used the Internet to search for homes also purchased their home through a real estate professional.

These two indisputable facts are exactly what puts Move and realtor.com in such a uniquely advantageous position. No other portal has managed to link online real estate search with a live real estate professional quite the way Move has, where the REALTOR® is always a headliner.

And, with its acquisition by News Corp last November, Move is quickly bringing more of both—technology and people—to the equation. Thanks to this power surge, Move’s new ability to leverage technology and exponentially increase its consumer reach creates a whole new playing field where real estate professionals and consumers can come together.

“News Corp has tremendous assets,” says Ryan O’Hara, the News Corp veteran who became CEO of Move in January. “If you look at its different brands and products, they’re all leaders in their categories: Whether it’s The Wall Street Journal, MarketWatch or Barron’s, we have a broad company with diverse executives and a lot of talent. News Corp is very good at synergies and encourages people to find ways to work together to benefit our companion businesses.”

O’Hara brings a rich history of multi-media experience to his position at Move, affording him some invaluable vantage points for the road ahead. “I’ve been fortunate to be put into different situations where there was good and fierce competition,” says O’Hara. “One of my first jobs with News Corp was with Fox Sports, where we competed against the much larger ESPN. At Fox Sports, we were able to carve a different path and bring consumers different values that translated into successes. This experience taught me the importance of being part of a team and the need to execute well to build a company.”

The News Corp acquisition has provided a way for Move to press the restart button, says Move CTO John Robison. “With News Corp, we’re a start-up again, and we’re hiring people with that personality and mentality,” he explains. “We are retooling the team to be more agile and we now have a much faster pace of software development. We have room to innovate and can take bigger risks because we’re not a public company so we don’t have to manage Wall St. expectations. We’ve been around long enough in the portal space to position ourselves as the innovator again. We are gunning for the No. 1 spot.”

Article courtesy of RISmedia.com and Maria Patterson.

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About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.