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Flyer Box and Riders. Advantage or Disadvantage? Part 2

By
Mortgage and Lending with Capitol Mortgage Corporation

I wrote a blog a while back that examined the need or use of Flyer boxes, certain riders and the actual overall effectivness of each. There was a decent response to the article and that was that. Now, I have been introduced to a product provided by skywire and sold by Realovation that solves everything I stated as a concern. The Virtual Aid assistant is a rider that delivers the information contained on a flyer and more directly to the clients cell phone or email.

No more need for the flyers to be distributed to the local neighbors, no more need for the empty flyer boxes and most importantly no more need to spend the money on the useless flyers because that is what the client wants. The virtual aid assistant takes less time, less money, less hassle, more leads, more clients and more closings. What you say? That is right you can keep the leads that are generated by the virtual aid.

What I did not say before is each time that the client or prospect requests information from the rider via the cell phone you are immediately notified. Yes, this may sound like call capture but call capture never sent the information that all the prospects want. Few want to hear the narrative of the property most want to see the photos of the place. After all, that is why 80% of all homeowners start the search online isn't it?

So how does it work? Attached to the sign on the property there is a rider that has a toll free number and a property ID. The prospect dials the number and enters the property ID. At that point they are given a choice to have pictures sent directly to their cell phone, have a flyer sent to their email, listen to the recorded information or be forwarded directly to the agent. Simultaneously you are text messaged the number that called. It is also all captured on your computer software that allows you to track which homes are getting the attention.

Contracts are month to month, and the cost of the riders are cheap. At this point you may ask me if I sell the product. No, I do not but I endorse it because I have bought for some of my agents and I pre-qual the leads for them. That eliminates the bored teenager playing a joke. You have the loan officer deal with that kid. If the prospect can buy I refer them back to that agent and we close the deal. It has been a great way to work with my listing agents and been a great way to connect to buyers.

In the short term it has at least solved all the questions that I had regarding flyer boxes and riders and whether or not they are an advantage or disadvantage..............until next time.

Bill Parecki
Elite Pacific Properties - Hilo, HI
RS, ABR, RDCPro, SFR, E-Pro, SRS, AHWD, Green

It will be interesting to see how this works out.  If people respond to this and then you have their address and phone number.  If it works it adds a whole new dimension to our business

Aug 15, 2008 11:30 AM
Matt Freeman
Capitol Mortgage Corporation - Roseville, CA
Broker- California Mortgages

Working well in Utah and has been welcomed here in sacramento by some.

Aug 15, 2008 11:32 AM
Matt Freeman
Capitol Mortgage Corporation - Roseville, CA
Broker- California Mortgages

Bill you get their cell phone number. When I spoke about address it was in the terms of what listing it came from.

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Aug 15, 2008 11:36 AM
Amy Bender Webb
Nest Realty Group - Charlottesville, VA
Your Charlottesville Agent

It is an interesting idea and I did not read your previous post on the subject ( will go back and do that next ) but my feeling is that when I am marketing a home in a specific neighborhood, I want any neighbors out for a stroll or dog-walk, ( possibly without a cell phone ) to be able to take a flyer from my flyer box and see how great my marketing materials are.. an "electronic" flyer may be great for the "drive by" home seeker and it may help market the home, but I am not sure I am ready to pass up on spreading my color flyers around!

Aug 15, 2008 11:40 AM
Denise Shockey
RE/MAX Aerospace Realty - Cocoa Beach, FL
Cocoa Beach, Brevard County Florida Real Estate

Very interesting, just getting ready to start this myself.  Good luck, I hope is does well for you.

Aug 15, 2008 11:50 AM
Matt Freeman
Capitol Mortgage Corporation - Roseville, CA
Broker- California Mortgages

Amy - Great point and if you are one of those that keep the flyer up to date and in the box then I am all for it. However, those that are out for a stroll and want the flyer, how do you get to follow up or know that they had interest? The only way is if they call.

Aug 15, 2008 11:52 AM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

I have heard the riders work well and many agents get a lot of leads from them

Aug 15, 2008 12:15 PM
Amy Bender Webb
Nest Realty Group - Charlottesville, VA
Your Charlottesville Agent

Matt -  If someone is really interested in the house (and is actively looking to buy), they will call ( me or their agent ) and inquire about the property, but moreover, besides marketing the house, my flyer is marketing ME to the neighbors who casually pick one out of the box out of curiosity.  I work hard to make my flyers unique...(it helps that I work on a mac not a pc, so visually speaking my flyers are pretty distinct from the "typical" Publisher flyer).....so that my name sticks in the mind of potential future home sellers!  Sometimes real estate marketing materials can be very "generic" so I look at the flyer box as an opportunity to make an impression!

Aug 16, 2008 06:47 AM
Matt Freeman
Capitol Mortgage Corporation - Roseville, CA
Broker- California Mortgages

Amy- It sounds like you put a lot of effort in the flyer. That would be the minority I think in the industry. I am glad that this works for you and I say keep up what works. Maybe do both. Continue to set yourself apart from the rest.

Aug 17, 2008 02:27 PM
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Nov 29, 2008 03:38 AM
#10
Beth Williamson
Connect Realty.com- Aynor - Aynor, SC
BIC, CRS, GRI, ABR, Partners with Sammie Jo Lewis

I love Activerain for this VERY reason! I did a search on information boxes to see if any fellow Realtors may have posted about a great company to get some additional ones with the spring loaded lids, and instead I learn a whole new idea! Thanks Matt!!

Apr 07, 2009 02:23 PM
Anonymous
Beth
I actually has a meeting g with jeanette champagne of connect realty about this. The guy that introduced this to me is from Utah and was considering joining connect on My friend heathers team. Good luck.
Apr 07, 2009 03:16 PM
#12
Beth Williamson
Connect Realty.com- Aynor - Aynor, SC
BIC, CRS, GRI, ABR, Partners with Sammie Jo Lewis

Well Matt, just to let you know, I spoke with Randy Warner of Virtual Agent 2.0 through Realovations.com and when he asked me how I found out about them I told them it was through your Activerain blog while researching information boxes. He is now going to check your blog out and I am thinking you will get a thank-you. :-)

Apr 08, 2009 08:13 AM