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High gas prices + Open Houses = NO CUSTOMERS

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Services for Real Estate Pros with | Nashua Video Tours
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Circa 2005

Spend $45, put 20 gallons of gas in the SUV ($2.25/gallon) and head off for the day with the family, taking a leisurely drive around town, checking out a dozen open houses which were found online or through the newspaper.




Today 2008

Spend $80+ put 20 gallons of gas in the SUV and ....... leave in in the garage, sit down at your computer, and view dozens of open houses via a high definition, real estate video tour - for free!

Besides saving an incredible amount of money, a well produced video tour qualifies your customer. If someone spends time viewing MLS photos, then downloads a video and watches the tour (sometimes more than once!), they are serious buyers and serious about that particular property.

Insteading of wasting your time and gas, your seller's time preparing the home for a showing, and your buyer's time and gas with people are are not truly serious, a video prequalifies them in a way that photographs or spin around tours cannot. It's really just about as close to being there as.... actually being there!

Juli Morella
Weichert Realtors - Mullica Hill, NJ

Fred,

I like it!!!!!   We already do the Visual Tour and a Professional Audio/Video Tour of our homes... but we never packaged them as a Open House Tour of homes.....

I like it....

Thanks for the insight on helping both the seller and buyer and US!!!!!

Bernie

Apr 27, 2008 03:52 AM
Selling Homes in Western New York, Licensed Real Estate Broker, Terri Kern
Turning Key Realty - East Amherst, NY
Terri Kern, Broker, Turning Key Realty
Great idea.  I currently use virtual tours but never considered the advantages of selling the seller and buyer with an Open House Tour. 
Apr 27, 2008 03:58 AM
Steve Homer
The HBH Group (Keller Williams affiliate) - Round Rock, TX
Hmmm...  Interesting concept, Fred.  I have been tinkering with video.  Not real happy with the results yet...  Need to look deeper though, I think.  Thanks for the things to ponder!  Steve
Apr 27, 2008 11:48 PM
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People
I'll second Steve's Hmmm.... I'm a thinkin this just might be the next big thing!  Thanks Fred.
Apr 28, 2008 03:05 PM
David W. Bolick
Network Real Estate, Inc. - Little Rock, AR

Steve Homer....I've been tinkering with video as well...for like 2 years and STILL not that happy. You have any video you're interested in sharing. I'll do the same.  Somethings missing but I just haven't put my finger on it yet.

Fred:  I think you have a GREAT IDEA there! 

Apr 29, 2008 12:25 AM
Stephen D White, E-Pro, ABR Cape Cod Real Estate
SDW Realty of Cape Cod - Falmouth, MA

Fred video is not new of course but real estate buyers are more of a hands-on sale than other items. They want to be able to walk in the front door. Of course a video puts them in the front door but its not the same thing to most people. ARer's have you using video and/or virtual tours actually sold homes because of their videos and or virtual tours?

Cape Cod Realtor sdw1

Apr 29, 2008 12:46 PM
Fred Light
| Nashua Video Tours - Nashua, NH
Real Estate Video Tours for MA and NH

Stephen:  Video online is fairly new - you couldn't do it three years ago. And if you did it was small as a postage stamp, blurry, and viewable by only a few people who could figure out how to see it!

People will always buy homes by seeing a home in person - although there are many reports of people buying homes strictly online.  Makes no sense to me, but it HAS happened on more than a few occasions.  

My point is that with gas prices soaring, and so many properties on the market, the internet presentation is KEY. It's the new 'curb appeal'.  If your presentation online isn't TOP NOTCH, they will hit the NEXT button, not pick up the phone to call you in order to find out more.  People are eliminating properties based on what they see online, whether you want to admit it or not. That means GREAT PHOTOS, LOTS OF PHOTOS and VIRTUAL OR VIDEO TOURS.

Many of my clients can definitively say that they have sold houses based on video.  In fact, many buyers watch the video over and over and over again - and literally talk themselves into falling in love with a home!  And video is the absolute best, slam dunk listing tool out there.  If you show a video to a seller, you will get the listing - it's almost a guarantee.  It sets you apart from literally everyone else, as everyone else is doing the same old thing - they have the same spiel, the same marketing 'presentation' the same B.S.  You don't stand out from everyone else at all - you just blend in.  THIS makes you stand out and it shows that you're doing something different in what sellers KNOW is a slow market. Sellers LOVE video.  BUYERS love video.  It's the realtors (not all, but most) that 'don't get it'.  To many, it's just another expense. They don't understand the benefits.

I have a client down in the Hingham/Cohasset area.  He's selling houses - lots of them - pretty regularly and pretty quickly - sometimes under agreement within days -  in a very slow market. He's getting listings like there's no tomorrow.  And he markets himself with his video tours, which he does for almost every single listing he takes.  He promotes them in his advertising, his signs - everywhere. He stands out among his competition - big time.

Is it THE reason he's so busy when everyone else is not?  Who knows?  But it's a very strong component of his marketing and business strategy - there's no question about that. Even though he's only been in real estate a couple of years, he's very good at what he does.  He's different.  He stands out.  And he's getting some very pricey listings as well - I just did 3 videos for him last week - 2 at $1M and one at $3M that he's putting on the market in a few days.

He just told me that he is listing another million dollar house that was sandwiched in between two smaller homes that were dumps - the paint was literally pealing off.  He actually paid to have the neighbors' houses painted so his listing stands out. And he is replacing the neighbors decrepit metal shed.  Whacky?  Of course!  Stupid?  I don't think so.  I bet there are three people talking him up and telling this story every day - day in and day out. 

In a business where everyone seems to have the same advertising and marketing strategy, the same websites, the same listing presentations, the same business cards (does everyone buy them from the same company or something?), and selling the same inventory - if you don't step outside the box and do something different, you just blend in and disappear.....   

Right now video is that difference.  In a few years it will be the norm. 

Apr 29, 2008 01:52 PM
Stephen D White, E-Pro, ABR Cape Cod Real Estate
SDW Realty of Cape Cod - Falmouth, MA

Thank you for your quick response and info fred. I totally agree with you that agents must differentiate themselves from the pack to stand out to consumers!

 

Cape Cod Realtor sdw1

Apr 29, 2008 02:28 PM
Stephen D White, E-Pro, ABR Cape Cod Real Estate
SDW Realty of Cape Cod - Falmouth, MA

Fred the other comment that just ran across my mind was that Ive heard buyers walk in the door to a listing and say" Wow this looks so much bigger or so much different than what I saw in MLS listing from its pictures!" and Im sure that you get that too from buyers viewing your videos?

 

Cape Cod Realtor sdw1

Apr 29, 2008 02:50 PM
Fred Light
| Nashua Video Tours - Nashua, NH
Real Estate Video Tours for MA and NH

Stephen:  Honestly, I personally have never heard that, which doesn't necessarily mean it wasn't said, but it's never, ever come up as an issue.  With video especially - it's about as close to actually being there as you can get - nothing is distorted, you can see the relationships between rooms as you walk from one to another, etc.  It's probably the most realistic, transparent view of the home that you can have virtually. 

Photographs only show what YOU want to show.  Wide angle lenses make rooms appear to be cavernous when they in fact are not.  You can crop out the hole in the wall.  You can wait until all the tons of traffic has passed by the window so it doesn't look like the house is on a busy street (which it is).  You can crop out the rusted car on the lot next door.. etc.  A photographic viewpoint is just one view chosen by one person - the view they WANT you to see.  With video, you can't doctor up the images, you can't "not" shoot negative parts of the house - it's ALL there.  

The comment that one hears more often is "I feel like I've already been here".  They already KNOW their way around the house.  They already KNOW they like it, or they wouldn't be there in the first place.  They  may have seen the cars  driving by the window on the video, so they KNOW it's not located in a secluded  forest!  They already SAW the ugly house next door - it's not a surprise. 

With video, it's truly a real, representation of what the home and neighborhood REALLY look like.  Do some people dismiss it because they saw it's on a busy street?  Of course! But the fact that it's on a busy street is a FACT - it won't change.  If they have an issue with what they see on the video, they will have an issue seeing the traffic in person.  This way, you eliminate people who waste your time and your sellers time.

 

Apr 30, 2008 12:59 AM
Stephen D White, E-Pro, ABR Cape Cod Real Estate
SDW Realty of Cape Cod - Falmouth, MA

I hear what you saying Fred but most of the buyers here on the Cape are tire kickers, are brain dead, are just wasting realtors time and dont have anything else to do, are investors that know there is plenty of inventory out there and its a buyers market or are looking for a part-time summer house and are in no hurry (waiting for the bottom to magically appear!). I wish it were true but in real estate sales the majority of people looking at homes in person are just wasting my time. Ive never met so many buyers in the real estate biz that cant make up their mind, dont have any money because they just bought a new car, have tons of personal problems and cant decide or agree with their supposed loved ones.

 

Cape Cod Realtor  sdw1

Apr 30, 2008 03:01 AM
John Coley
Coley Real Estate - Alexander City, AL

Fred- Thanks again for such a great blog.  The instructions and tips about video and marketing are excellent.  I continue to learn so much from you.

Thanks,

John

May 03, 2008 04:50 AM