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4 Reasons A Valuation Website Is Required Marketing (But Not For Everyone)

By
Services for Real Estate Pros with Brivity

You have a valuation site, right? I mean, it's required ... kind of like a REALTOR® name tag and a glamour shot of you on the phone. (Remove tongue from cheek.) Actually, it's more required than those two things.

To get everyone on the same page before we talk about why you need one, let's cover what a valuation site is and does. What it is is a way for you to provide estimated home values to a consumer without them having to speak with you. They can get the info from you online, in their pajamas, at 1 a.m., while you are sleeping. What does a valuation site do? It helps you identify people who are interested in the value of their home, possibly indicating that they want to sell said home. You do sell homes, correct?

Perfect! Then I think we have a match! Here are 4 reasons that a valuation site is marketing tool you'll want to make sure you have.

1. People Want To Know Their Home's Value

And many times they don't want to speak with someone. Love it or hate it, Zillow proved this. When it launched, promising an automated Zestimate on every home in the country, Zillow's traffic soared as more and more people learned they could see what their home is "worth." Today, it's expected that as a homeowner, I can go online and get an automated estimate of the value of my home. Why would an agent not offer this as a service to potential clients? They are going to get this information online somewhere, so it might as well be from you!

We all know that in order to get a real value, they'll need to speak with an agent, have someone come out to their home and evaluate it against other homes recently sold and currently for sale, and ultimately come to a listing price based on comps and experience, but they still like to get an idea. A valuation site allows you to give consumers an idea of the value of their home. It's not perfect, but it doesn't have to be. It simply has to be a means by which you are able to start a conversation with a potential seller. The more people you have to talk to about selling their home, the more homes you will sell.


2. You Always Get a Real Address

Selling real estate in Seattle, every agent who generates leads has had "Bill Gates" register on their website. It's a fact of life. Buyer leads have a funny way of giving as little information about themselves as they can to get the information they seek. However, when you are dealing with seller leads, and the prospect of a consumer getting a valuation for their home, there is a fundamental starting point; the address of the home. A properly designed valuation site does nothing on the first page except ask for this key piece of information. If the consumer decides to stop short of giving you their name, email and phone number after that, it doesn't matter! You still have their address. 

Do you think that would be valuable? To know the address of someone that was interested in the value of their home? It's a huge value. They may have just indicated to you they are thinking about selling. You may be the first person that knows this information. The recent 2015 NAR Profile of Home Buyers and Sellers states that 72% of sellers only interviewed one agent! Knowing that someone is thinking about what their home is worth before anyone else knows is a huge advantage.



3. Marketing Should Speak To Your Audience

If you are offering to give someone a value on their downtown Seattle condo, what would someone expect to see when they actually take action on your ad and head to your website? They would expect to a see a website that shows them you focus on condos downtown. They wouldn't expect to see a house in the suburbs, or a family of beautiful people laughing and joking in the park. And yet, so many websites don't speak to the audience to which they are being marketed.

Valuation sites can be fully customized so that your audience is visually assured that you specialize in the area where they want a value. Customized marketing will outperform generalized marketing every time!



4. Seller Leads Are Hard to Generate Without One

The #1 most frequent question we have encountered in over a decade of generating real estate leads (both for our personal business and for other agents) is "How do I generate more seller leads?"

The answer is clear: Give them what they seek online. One of the main things sellers seek online is an answer to "How much is my home worth?" A valuation site is the perfect bait to get them into a conversation with you. 


Special Offer For ActiveRain Members

Brivity has a special offer for all ActiveRain members. The offer is being made through Tuesday at midnight (and is an extension of their Cyber Monday special)

Get 10 valuation sites for $99/month $74.99/month (a $25/month savings)
Or 10 valuation sites for $900/year $720/year (a $180 savings for the year)

 

Sign Up Now For Brivity Valuations
For Monthly USE DISCOUNT CODE: 25OFFAR
For Yearly USE DISCOUNT CODE: 180OFFAR

* What can you do with 10 valuation sites? You can customize them for each area that you market. You could give one to your lender. You could customize one for your next postcard campaign. You could have one customized for the subdivision that you farm. You could have one personalized to send out to your database. You could personalize one for your friends, family and past clients. You could personalize one for your next Just Listed campaign, so all the neighbors can jump online and see what their home would sell for. The ideas are limited by your imagination only

** Brivity and ActiveRain are both owned by Ben Kinney Companies

 

Check out our blog post: 9 Valuations Sites You Could Create to Generate Seller Leads

Anthony Saunchez
Campa Properties - San Bernardino, CA
How can we be of service

Very interseting information. My website have a page that offers with valuations. What would be the advantage of having a separate website only for valuation purposes.

Dec 04, 2015 12:14 AM
Brivity Platform

Anthony Saunchez ,


Awesome question. Let me compare the two just a little bit if you don't mind.


I assume you are speaking about this page here:
http://campaproperties.com/Get-a-Free-Home-Evaluation


At the bottom of that page is the ability for somone to request a valuation. However, the top of the page (above the fold....which means what someone sees before they have to scroll) doesn't have anything drawing their attention. In fact, it's a bunch of forms that a buyer would fill out. They have to scroll all the way down to get to the seller stuff. 


If someone doesn't know you (so maybe someone who clicked to your site from a Facebook ad or went there after getting a postcard) they are most likely going to leave or think they are on the wrong page. If they do scroll down, the first thing they realize is that if do fill out the fields, they are giving you name, email, phone number, address all up front.


We break it up into a two step process. When you land on the page, you see only one action. The ability to add your address


(you can see an example here: http://www.edmoorhomevalue.com/ )


In two steps, you are likely to get in the range of 70% more people to fill out the form. So the first step just asks for address, and it's clearly the only thing on the page for someone to do.


In the second step we then try to get their contact info. But guess what, even if they decide to not give us that, we still know someone was interested in the value of that address. We still get the address only lead. So we can add them to our mailing campaign, or we could even have our CloudCMA program do a CMA for them, and have it delivered to their home. When we do it with our real estate team, we knock on the door and our script goes something like:


'Hi, I'm Brian with the Ben Kinney Team. Someone here at this address was interested in the value of this house and came to our website to find out. I'm just dropping by to deliver the report showing you how much the home is worth'


(and we could go on and on with how to handle the objections)


There is a pretty substantial difference between the page on your site and the Brivity Valuation pages. If you were sending someone you know to your website, you're totally fine. But if you are running marketing toward that page, you are WAY better off with someone more focused like the Brivity valuation landing page.

Dec 04, 2015 02:49 AM
David Alan Baker | Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

I believe in valuation sites and doing a whole bunch else.  Getting kinda tired though of a lot of expensive things that get offered to us, lump it all up and we need to sell homes just to pay them.  Not sure it is worth it on my end, i've seen same at less cost.

Dec 04, 2015 01:48 AM
Brivity Platform

David Baker Realtor - Laveen Homes for sale ,


Would love to see a few examples of the companies you've seen offering this for less cost. We're always interested in the competition. We'll be the first to admit that not every product or service is right for everyone, no questions there!

Dec 04, 2015 02:50 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

What BOA, WELLS FARGO, CITY uses as 1st cut by loan officer.  Surprisely, there is a wide range. What it needs to is ability to pull comps accurately. 

I work with boa, Wells Fargo mortgage dept on a daily basis. These are internal links for approval of a loan for HELOCs and Refine. I disagree with your conclusion.

Dec 04, 2015 02:26 AM
Brivity Platform

Sam Shueh ,


These sites are designed to get consumers to give you their address. After that, you pull the comps. If you pull them, will they be accurate?

Dec 04, 2015 02:51 AM
Bill Pohl
Tetra Homes, Inc. - Loveland, OH

I agree with David Baker above, there are a number of add-ons that are available but the front end cost, on an accumulated basis, starts to add up as BIG overhead. Sure, we can justify it by saying "If we just sell one more home" but that defeats the point of trying to be operate with a slim margin. While this add-on doesn't really help me and my firm (investor), I run into the same issues with investor add-ons all of the time. Wouldn't it be nice to offer three months upfront free to try and then continue the service if it works? I know that sounds absurd but if people aren't trying it you are not receiving any money either. Just my 2 cents.

Dec 04, 2015 01:59 PM
Richard Bazinet /MBA, CRS, ABR

Agree.

Dec 05, 2015 01:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Brivity CRM - thanks for detailed reponse to each comment that help us understand about the product.

Dec 04, 2015 03:21 PM
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Please correct me if I'm wrong. Brivity and ActiveRain are sister companies owned by the same person. FYI only.

Dec 05, 2015 01:48 AM
Bob Stewart

You are correct. I updated the blog post to reflect this Richard. 

Jan 11, 2016 04:22 AM
Bob Stewart
ActiveRain - Mesa, AZ
ActiveRain

Corinne Guest, Managing Broker ,

I changed the title of this blog post to reflect that I think you are partially correct. 

These are not for everyone. Many marketing decisions in this business are a balance between time and money. If we all had unlimited time, we could do everything we wanted ourselves. If we all had unlimited money, we could pay someone else to do our marketing for us. Finding a balance is a challenge. In your case, you would rather spend time blogging. Some others will choose to spend money on a site of this nature, and the ads to drive traffic to them. I don't think one way is right and one way is wrong. That's why I changed the title of the blog post. It's not required. There are a million ways to be successful in this business.

But these types of sites work well way beyond Facebook marketing. I might encourage you to read the other post I link to from the bottom of this one. One example would be any direct mail that an agent sends. Direct mail response can be enhanced with these kind of sites. So can reaching out to your sphere or past clients, or any kind of just listed or just sold marketing that one might do. There's no question that the use of these sites in Facebook marketing is slightly saturated. But I believe you are not correct in stating that consumers are used to them already. Our clients continue to generate thousands of leads every day using the Facebook approach. This indicates to me that people still fill them out.

Jan 11, 2016 04:12 AM
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

I kinda agree with Corrine (#17) Corinne Guest, Managing Broker on this matter. These property valuation web sites are all over and ... rather annoying. They seem to not really serve as valuation websites but rather as bait and switch trolling for consumer information and so-called 'leads'. In this case, getting in touch with a real professional agent is a much better professional approach. One can easily purchase a URL for almost nothing that forwards to a specific page on your web site.

Jan 11, 2016 04:13 AM
Bob Stewart
ActiveRain - Mesa, AZ
ActiveRain

Richard Bazinet /MBA ,

I hope you'll take the time to read my response to Corinne in comment #18 on this post.

That being said, I guess I see it a little different. You said 'Getting in touch with a real professional agent is a much better professional approach'. Are you suggesting that the agents that run this type of marketing are not professional? That's not true, they have just as high of a likelihood of being professional as those that don't run ads like this.

By filling out a valuation page, consumers are initiating the process of speaking with an agent. These are being done by licensed agents. 

Show me a page on your website that you would forward to. And then read my response to comment #11 above. It's very easy to think you have a solution that is good, when in fact you have a solutoin that might do nothing more than cost you money (But that would be assuming that you are driving people toward that page who don't know you).

Jan 11, 2016 04:21 AM
Courtney Cooper
Cooper Jacobs - Seattle, WA
206-850-8841

I think they are great.  Clean, crisp, and straight to the point.  Lots of leads form this type of site, and I like yours better so about to sign up and play with it.  And then get serious.  Thanks for the post - very informative. 

Jan 11, 2016 05:59 AM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Valuation sites are just another tool, to be used in conjunction with additional marketing. I've had some disappointments with requests for valuations as sometimes they came from investors who just wanted to check on the accuracy of the price they were willing to pay, not from real sellers. Although those people could be leads as well.

Jan 11, 2016 06:19 AM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Bob,

Are valuation sites more appropriate for more populous areas?  The reason being there is a higher probablility the algorithms would be more accurate than in a rural, low population region.

Mel

Jan 11, 2016 09:57 AM
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Of course I took the time to read your reply to Corinne, Bob Stewart . And I thank you for it. And to answer your question - no, I did not suggest that - you read into someting that's not there. I don't agree with your comments, I respect that, and nonetheless I enjoy the exchange as a learning experience. But of course, I understand that your are defending and towing the company line for your product - and I'm fine with that as well. 

Jan 11, 2016 12:18 PM
Bob Stewart
ActiveRain - Mesa, AZ
ActiveRain

Richard Bazinet /MBA ,

Before there was ever Brivity valuation sites and before Ben owned ActiveRain I had more than one webinar where I talked about valuation sites. Listingtoleads has some great options as well. I was a proponent of valuation sites way before it was the company line.  

Im confused then by what you meant about getting in touch with a real professional agent. Can you clarify?

(iPhone auto correct fail!!)

 

Jan 11, 2016 02:17 PM
Mark Trask
M. L. Trask Real Estate - Grants Pass, OR
Professional real estate services buyer and seller

I do see the possible value to such a site. However it comes down to cost verses reward for me. It seems as though someone has the answer for every challenge we Realtors face, But if I had enough money to pay for it all I probably wouldn't need to work...

Jan 11, 2016 11:52 PM
Damon Botticelli
Vegas Real Estate Photography - Las Vegas, NV
Real Estate Photographer

$75/mo strikes me as very expensive especially considering the added cost having to promote the sites.  It's a very nicely done and consumer friendly landing page, but why wouldn't agents just add similar custom lead capture landing pages to their already existing sites?

Jan 21, 2016 02:53 PM
Bob Stewart
ActiveRain - Mesa, AZ
ActiveRain

Damon Botticelli ,

If someone had the capability to do something like that from the coding perspective, they certainly should! Or if your existing website provider offers it, absolutely add them that way.

Here are a two primary reasons that one might not take this route though.

1. They don't know how to 'just add these pages to their own site'

2. Valuation sites have ONE thing someone can do when they land there. Often, a page inside your website will give the person landing there a variety of buttons to click, or tabs to check out. For internet marketing, the more stuff you give them to do on a page, the less likely they are to do anything.

Regarding the cost. It's relative. Let's say you already do just listed postcards. And your call to action on those is 'give me a call and I'll tell you what your home is worth' and last time you sent them, zero people called. What if the next time you send them, you include a link to MyLVHomePrice.com (the website I just made up for you) that says 'Get a Free Home Valuation to See What Your Home Could Sell For at MYLVHomePrice.com'

And 5 people from the 500 you sent to go and fill out the form. Well that's 5 more prospects in your business then you had before. If you list a home for one of those people then $75/month was a bargain. Granted, I HATE the 'if you sell just one house it will pay for itself' defense. This isn't that. It's the 'you're already spending money on something, why not get a bigger return'.

Make sure you look at the 9 valuations site post that we link to in the bottom of this post. It has some good ideas of how to use these sites whether they are on your site, or from some company that builds them. 

There will always be a reason not to do something in your business. Cost, time and experience are the three most common roadblocks. It's a mindset. None of those have to be barriers. Have an awesome day! And either way, get some sites like this up and running in your business. Even if that's on your own site!

 

Jan 22, 2016 12:20 AM
Anonymous
devils advocate

You know what you get when you have 100 different "lead squeeze pages" or whatever hype word you're using right now?

100 different sites to pay for and manage.

Focus on driving traffic to a centralized hub, creating quality content, and focusing on customer engagement and you won't need to use these type of sites.

Feb 03, 2016 07:07 AM
#30
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

That's a lot of going back and forth about the value of these. I am not sure anyone in our market is offering this service. The next question I have, is it easy enough even I could do it!

Aug 26, 2016 07:37 AM
Bob Stewart
ActiveRain - Mesa, AZ
ActiveRain

Evelyn Johnston ,

The set up of the sites is easy enough, yes. And if need be, I could help you, or Brivity support could help you. I've set plenty of them up myself and it's a pretty easy process.

The more challenging aspect becomes using them in your business and how to go about marketing the pages so people find them. Some of this could just be inclusions to your existing marketing. We talk about some of those ways here:

http://activerain.com/blogsview/4793258/9-valuation-sites-you-could-create-to-generate-seller-leads

Creating Facebook Ads to drive traffic to this kind of site is relatively easy. There is at least one video I did on ActiveRain about this specifically. 

If you do any kind of direct mail marketing, these sites are great as an inclusion on that kind of marketing. Read the post I linked to above and there are a few other ideas in there as well. 

Aug 26, 2016 07:45 AM
Evelyn Johnston

I have read everything I can find. Will Brevity or Kwkly be at the NAR Convention in Orlando? Will Activerain?

Aug 26, 2016 09:28 AM