A lot of Realtors consider themselves to be “Old Skool” (yes that’s school with a k). I’ve had many Realtors express concerns about the effectiveness of online lead generation. The question they ask is, “Can we compete in our market without implementing an online or web 2.0 campaign?”
Of course it’s “Possible”. However, as you continue the practices that you’re used to, you can be sure that your competitors are venturing in areas that you are not. As I’ve mentioned in earlier post, most people searching for a new property start by searching online. Here are two statistics for you to think about when considering taking your marketing campaign online.
- According to the National Association of Realtors (NAR), 90% of home buyers searched online during their home buying process. Real estate-related searches on Google.com have grown 253% over the past four years.
- NAR studies show that 52% of buyers turn to the Web as their first step in the home buying process.
So what does this information tell us? It tells us that almost all home buyers went online at some point in their home buying process, and over half did so before they even turned to a broker. The majority of people buying homes today spend time searching, learning and taking information online before they even think about speaking with a broker. This alone is enough to consider expanding your marketing efforts online.
- Embrace Your Inner Realtor When Selling Social Media (business2community.com)
- 2014 Lineup of Online Real Estate Marketing Programs Announced (virtual-strategy.com)