Who is Pattie Maes?
Might well you ask? Pattie works or rather researches over at Massachusetts Institute of Technologys (MIT) in Cambridge, Massachusetts. More specifically her newly founded Fluid Interfaces Group operates under the umbrella of MIT’s Media Labs, and that’s where she researches the tools we use to work with information and connect with one another.
What or who is TED? Previous speakers at TED have included the likes of Jane Goodall, Bill Clinton, Jeff Bezos, Nicholas Negroponte, Peter Gabriel, Al Gore, & Tony Robbins. From the TED site comes this brief outline…
TED stands for Technology, Entertainment, Design. It started out (in 1984) as a conference bringing together people from those three worlds. Since then its scope has become ever broader. The annual conference now brings together the world’s most fascinating thinkers and doers, who are challenged to give the talk of their lives (in 18 minutes).
What’s this all about then?
It’s about a talk that Pattie just gave at the latest TED. Headlined as unveiling the “Sixth Sense” …. the TED site says….
this demo — from Pattie Maes’ lab at MIT, spearheaded by Pranav Mistry — was the buzz of TED. It’s a wearable device with a projector that paves the way for profound interaction with our environment. Imagine “Minority Report” and then some.
Watch this video and tell me if you too can’t see the future.
Of particular importance to folk in the real estate field is the answer to what Pranav is doing in the photo shown above, with those coloured objects on his thumbs.
Is Pranav showing what a Real Estate Agent in 2015, maybe sooner, will look like, in fact even a buyer for that instance.
Equally as exciting is exactly what is transpiring in the photo here.
You’ll need to watch the whole video to see….but I promise it’ll be worth it.
There are definite real world Real Estate applications for this technology?
PHOTO CREDIT – PRANAV MISTRY
March 18 2009 | General and Uncategorized | No Comments »
Buying First
This is the clause that you place into a Sales & Purchase agreement when you just happen to be driving on a Sunday afternoon, and you’ve just noticed that property on the hill you’ve always had your eye on, has had a For Sale sign pop up in the last few days. You organise a viewing appointment, fall in love, and put an offer in. Its accepted but you have to sell your property first. It reads something like this……
Conditional on Sale of Purchaser’s Property
This agreement is subject to and conditional upon an unconditional contract for the sale of the Purchasers property situated at 123Anywhere St, Nelson, being entered into on terms and conditions suitable to themselves no later than 4.00 pm on the 22nd June 2009. The purchaser is to notify the Vendor or the Vendor’s solicitor by 5.00 pm on that date that this condition has been satisfied or this agreement will be at an end. This condition is for the sole benefit of the Purchaser.
Selling First
Now on the other hand should you be considering an offer, or considering placing your home on the market to take advantage of any current at-the-time conditions, BUT you haven’t found your next dream home to make your next move into, then in certain circumstances you could use the relocation clause. It reads like this……
Subject to Vendor Purchasing
This contract is conditional on the Vendor entering into an unconditional contract by 4pm on 1st May 2009 (date used for example only) to purchase a property that is acceptable in all respects to the Vendor here in, such contract to be on terms and conditions acceptable in all respects to the Vendor. This condition is inserted for the sole benefit of the Vendor.
In the case of the last clause, the Relocation Clause, this is the one that places a buyer in the best situation to make an offer on a property, because effectively you are a “cash buyer.”
You have your property under contract, and you are just waiting to find that perfect next property so that you can go unconditional on the present sale.
In regards to the Relocation Clause it’s not something anyone can “spring” on an unsuspecting buyer. In my case, for example, there is a note inserted in the original listing form that lets everyone know that this properties sale would be subject to a relocation clause. So that way a buyer is made aware of the fact right at the onset, before they’ve even seen the property.
Be aware that if you want to insert the clause, unknown to the buyer, on an agreement, I’d say 99.9% will fall over then, a buyer must know of, and be aware of what this clause actually means, up front.
Both clauses obvious can have additional “escape” clauses inserted, and in most cases they do.
And to help answer the original question, have just noticed a timely informative series of 5 posts regarding “buyers” over at Zoodle, starting with no. 1 here.
March 18 2009 | Nelson | No Comments »
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