Special offer

Why Do You Need a Tech-Savvy Realtor?

By
Services for Real Estate Pros

In today's highly competitive real estate market, it has become more important than ever for sellers to hire an agent who understands how to market their home on the Internet.

The day has come and gone for Realtors(R) who use old-fashioned sales methods in real estate - putting a sign in the yard, putting the property in the Multiple-Listing Service (MLS), running an occasional newspaper ad, and sitting back waiting for the phone to ring.

This method might have worked at one time, but no more. Consider these facts:

  • In every age group, newspaper readership is wayyyyy down. In the 30-45 age group, less than 35% of people read a newspaper! Even in the 45-55 age group, only slightly more than 45% of people read the newspaper.*
  • Only 21% of traditional buyers found their agent through brochures, fliers, or mailers to their home. 92% of Internet buyers found their listing on a website and 63% of Internet buyers found their agent through a search engine!
  • This trend will only continue- have you tried to get a teenager to read a book lately? They are probably too busy using their IM-ing (instant messaging for those of you who are not familiar) or watching YouTube videos!
  • 77% of buyers use the Internet in their search for a home, according to a 2005 study.

*2006 CAR(R) Economic Study

So when you are interviewing an agent to sell your property:

  • Ask them about their marketing plan, including their "Internet" marketing plan,
  • View their website, is it professional and does it stay updated?
  • "Google" their name, does it come up on the first page or do you have to dig down to find it,
  • "Google" the property address of one of their listings, does it come up?
  • Request a list of websites where they advertise,
  • Do they have a Blog? Blogs have great Search Engine Optimization (SEO) for both your agent and for your property.
  • What is their system for lead tracking and follow up? Internet marketing brings a lot of leads, if they don't have an efficient way to manage these, opportunities are lost.

And finally, contact them through their website to see if they respond! My in-laws are trying really hard to sell their property in another state. They contacted several agents to discuss listing it and have been unable to get a call back! Look for an agent that responds to inquiries consistently.

Comments (7)

Sharon Paxson
Sharon Paxson, RealtorĀ® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

This is so important and I am glad you wrote it. I suggest to sellers that they "Google" other Realtor's names to see who comes up, and where they advertise. Great post!

Jan 26, 2009 02:27 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Kevin & Monica, Sadly our Newspaper is now about 1/4th it's former size.  Everyone is going to the Internet.  These are excellent things to ask your realtor about, a strong internet presence.

Jan 26, 2009 08:04 AM
Chris & Karen Highland
eXp Realty - Frederick, MD
Integrity, Experience, Enthusiasm!

Having these statistics at your fingertips is great.  There are still people who don't understand the real power of the internet when selling their home.

Jan 26, 2009 01:27 PM
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Great article -- you put some great points in it.

Jan 28, 2009 09:47 PM
Keith Pound
EXIT REALTY CRUTCHER - Louisville, KY
Realtor, Auctioneer - Louisville, KY - 502-645-5950

Great info, good info about google the agent's name and mine too

Jan 29, 2009 08:17 AM
Monica Bourgeau
Portland, OR
Business Coaching

Hi Sharon, good strategy, it's amazing how the only place some agent's name comes up is on our local MLS website.

Our papers are getting smaller also, and so are the printed real estate guides. There is one that used to be pretty nice but is now more like a color flier because it is so thin.

Thanks Chris & Karen and Kathy and Keith.

Jan 29, 2009 03:09 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Kevin & Monica, thanks for the stats.  I knew newspapers were struggling, but it is good to have numbers that show it.  I don't think the internet is going anywhere anytime soon, so if we want to compete, we all need to get on the bandwagon.  That's where the future business will come from.

Feb 07, 2009 06:28 PM