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Are Virtual Tours a Real Estate Standard?

Reblogger Steve McCoole
Mortgage and Lending with Mortgage Alliance Group - San Diego, CA - NMLS#305667

No question about it, if you don't have VTs as well as Single Property Websites for all of your listings, you are missing the boat.  Savy Internet Marketing is the name of the game right now.

Original content by Rick Schmitt

I don't think many would argue that well over 85% of potential home buyers begin searching for their homes on the internet. Realtors recognize the need for quality Virtual Tours to be provided with their listings on the web. In short, in today's market, if you're not on the web, you are not nearly as likely to be found by potential buyers.

Granted, MLS listings are all posted to Realtor.com. But, a 2007 National Association of Realtors Profile of Home buyers and Sellers said this,

"54% of home buyers, who are searching for their next home on Realtor.com, will skip over listings that do not provide virtual tours..."

If this is the case, doesn't it stand to reason that, just as a Realtor lists their property on the MLS and places a sign in the yard, they are now, or at least now should be, adding a quality Virtual Tour to their listing?

Are Virtual Tours becoming as standard as a yard sign?

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Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I've been working as a buyer's agent for the last couple of years, but it looks like I might be getting a listing or two from past Clients and their friends here in the next few weeks. I've got virtual tours and web sites on my mind.

Apr 07, 2010 03:22 PM