Are you using everything to market your home?
I am always looking for great advice to help homeowners sell their homes. Whether I think of it myself, or I find it from a friend, I enjoy spreading the word.
This article is from Real Estate Marketing Expert Lisa Mullins that I think you will enjoy.
According to NAR's 2008 "Profile of Buyers" and how they find
properties, it makes sense to market listings using the 80/20 rule:
33% find their property through a real estate agent 32% find their property through the internet 15% through a "for sale" sign Based upon this 80%, how would you develop your listing marketing strategy?
Let's start with marketing to other real estate agents. After placing the
listing on MLS, this segment is virtually disregarded by many listing agents.
Do you know the top agents who are most likely to show and sell your listing?
Do you have their email addresses? How do you market to them? With inventory
levels high in many areas, it's important to keep your listing "top of
mind" to those top agents. Prudential Real Estate Affiliates has
"ecards", which are effortless to send out. Some agents use Constant
Contact, and some use "Floor Plans Online". Whatever you decide to
use, be consistent with your contact to agents, highlighting the most
compelling features of the house.
Next is the internet: Let's begin with the basics of photos. Do your photos
present your listing in the best possible light? Do they help your listing
stand out from the competition? Are you maximizing the number of photos
allowable on every site? Since over 87% of all buyers begin their search on the
web, attention to the quality of photos becomes one of the most crucial
marketing tools. Also, which sites is your company on which enable you to
create a differentiation for you or your listings? Have you claimed your
listings on trulia.com or zillow.com? Do you place your open houses online to
drive traffic? Consumers (including us) love the detail of the information, the
ability to search unassisted, that it's 2/47 and real time and the
interactivity of the internet. Web presence for listing will grow rapidly for
buyers as they demand more information and technology to assist them in their
home search.
And, as uninspiring as they are, "for sale" signs still work.
While they're not that exciting, they remain a basic tool for a consumer to
find a home in an area or neighborhood with which they are already comfortable.
The effectiveness of for sale signs also increases with listings with high curb
appeal.
In the next few years, success in marketing listings will include a meshing of a strong, compelling and unique online presence, including social networking sites and comprehensive marketing to local, targeted agents. Top agents will persist in pushing the envelope in getting their inventory to stand out from the crowd.
I almost forgot....print advertising? A whopping 3% and dead last on the
list of how buyers find properties.
Contact Lisa Mullins at http://www.themarketingbistro.com for more ideas on real estate, technology and effective marketing.
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Lori Kim Polk is truly a staging industry leader and someone that displays the home staging role model -- not only for the home seller, the Realtor, the home buyer, but also for her peers. She is greatly admired by her team mates. Her Real Estate blogs are supportive, informative and inspirational.
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