Feedback Wanted! Would you use a FREE buyer listing service?

By
Real Estate Agent with BuyerHunt.com

Hello All,

What is a buyer listing service? Think of it as an MLS of buyers. That is, a site that would allow you, a Realtor, to post profiles detailing your buyers' specific homebuying wants and needs.... including: desired price range, location, beds, baths and any other more detailed wants/needs/desires like views, pool, grassy backyard, specific subdivision etc. Obviously, you would never post your buyers name, rather your contact information.

This would allow other Realtors and the public to search for your buyers with new, private or unlisted properties and contact you immediately should they feel they have a home which might work for your buyer.

The benefits are tremendous!

1. Be contacted immediately by other Realtors with new listings that might work for your buyer! Look like the hero by giving your buyers the first chance to see homes, immediately after they are listed.

2. It's open to the public. Be contacted by prospective (unlisted) sellers who search the site and feel your buyer might work for their home! Whoa! Can you imagine that.... getting your buyers into homes before they're ever even listed! Of course, you might want to sign a one-party listing agreement before you take them over there. Not a bad way to get your foot in the door of a potential listing either.

3. Finally, the minute you take a listing... you have a database of homebuyers at your fingertips. No longer do you have to post your listing on MLS (although I would never suggest you not post your listing on MLS, that's just crazy!) and then wait for other Realtors to find you! Be proactive.

I have built the site and have had it active in Paradise Valley, AZ for the last 6 months. It has exceeded all expectations in terms of the aforementioned benefits. Just 6 days after launching the site, one of the member agents received a call from an unlisted seller in regards to a buyer he had posted. He took the buyer over to the home later that day and had a contract written and accepted by that night. It was a $90,000+ commission!!!!!! And all that he had to do was take 30 seconds to post his buyers' needs!

So... I am about to start expanding out to the greater Phoenix-Metro area. I know times are tight and am considering allowing any agent who would like to be on the site, join for free. Conventional wisdom tells me that if you don't pay for it... you wont pay attention to it! However, I am willing to give it a try.

You can check out the site at www.buyerhunt.com Remember it is only active in Paradise Valley, AZ so if you'd like to get an idea of what the profiles look like please type in 85253 to the search bar.

Comments? Suggestion? What do you guys think? Would you use it? Would you really use it?

 

 

Comments (7)

corbin hague
BuyerHunt.com - Paradise Valley, AZ

Sorry about the multiple postings! I dont know what happened there?!?!

May 14, 2008 05:10 AM
Joshua Wethington
Prudential One Reltors - Troy, OH

How does your local board fell about this site?

May 14, 2008 05:26 AM
Jeff Graves
Altos Research - Sunnyvale, CA
More than just beautiful market trend reports

Corbin...most of the greatest websites started out offering their services - membership - for free.  I'd say go for it.  I'll check out your site after I do a one hour training session with an agent in Seattle.

May 14, 2008 09:41 AM
corbin hague
BuyerHunt.com - Paradise Valley, AZ

Hey guys,

I havent received any criticism from any board yet. I am a Realtor, and built this with Realtors in mind. Thanks for the feedback Jeff, I think that might be the way to go!

 

May 14, 2008 10:39 AM
Skye Hawk
At Your Service! Virtual Assistant Specialists - Fountain Hills, AZ
NAR Cert. REPA "Rockstar REVA"

Corbin- This could be a great resource for Realtors especially if they are going to a listing presentation they could check your Buyers MLS site see if they see any buyers that would fit with the potential listing. Then at the listing maybe mention that they have a buyer in mind for this property.   

 

 

May 15, 2008 10:44 AM
corbin hague
BuyerHunt.com - Paradise Valley, AZ

Thank you Skye!

I am changing much of the interface and design as we speak. Look for an easier to use, more useful buyerhunt site in the coming weeks! 

May 15, 2008 05:37 PM
Gene Allen
Fathom Realty - Cary, NC
Realty Consultant for Cary Real Estate

It sounds like a nifty idea and would probalbly work.  I am guessing there are other similar sites out there.

May 16, 2008 02:17 PM