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In the last year, the global coronavirus pandemic has shattered world economies, yet the real estate market has prospered despite job loss due to stay-at-home orders. While low-interest rates seem to be one of the driving factors keeping the housing market afloat, the extremely tight supply of homes is also a reason for the high demand. Needless to say, in this seller’s market, there are a variety of ways that digital marketing is improving the real estate sector for buyers, sellers, and listing agents.
How can digital marketing for real estate benefit buyers, sellers, and realtors?
While every industry should adopt technology to attract new customers, some can achieve considerable heights through the help of professional digital marketing, and real estate is one of them! With fresh and exciting innovations, realtors are finding new ways to market properties and both sellers and buyers are loving the engagement that comes with this type of branded content.
Here are some added benefits:
- Digital marketing saves time and resources: Sellers can display their properties online which allows them to gain a further reach, whereas, buyers can take part in interactive tours, have face-to-face meetings, and read details about prospective properties before even stepping foot in them.
- Digital marketing raises the online visibility of real estate companies and listings: Achieving more website visitors is crucial for real estate and often using digital marketing to build up online traffic and increase customer service through informative blogs and social media posts are the best ways to build confidence, trust, and brand identity.
- Digital marketing boosts professionalism: Visualization tools (i.e., 360° modeling) are growing in the real estate industry, and if you want customers to remember your company, we recommend investing in this form of material.
What can the real estate industry do to improve its digital experiences in a booming market?
Whether you’re looking to buy or sell a home or you’re the agent listing and showing properties, the scope of real estate is increasingly becoming more reliant on the internet as an external resource.
Those in the industry who want to reach and connect with potential buyers and sellers should consider the following digital marketing tips:
#1 – Share properties before they hit the market: In a thriving market, there will always be a lack of inventory, which is why it’s important to select an experienced agent that can find prospecting properties and potential buyers before hitting the open market.
#2 – Streamline communication with your clients: Communication is key in many buying-selling ventures, and in today’s fast-paced environment, timing is everything. Whether you choose to text, email, or call your client, understanding their preferred method of communication is what will lead to the most proactive relationships.
#3 – Allow clients to leave reviews: One way to improve current consumer engagement is by obtaining quality customer reviews. This can easily be done online by asking happy clients to leave a Google review or simply emailing a response that can be posted live to the website.
#4 – Educate your clients: While buyers can easily find properties at the click of a button, they still rely on you for advice and guidance. Use digital marketing to educate your current and prospective clients by creating FAQs sections on your website, as well as writing a fulfilling blog that can address common questions and concerns.
#5 – Always work on building your online presence: While you’re likely busy with the insane market, eventually housing will see a dip, and that’s when you can improve your authority through digital means. This means that you can continue to engage with clients via social media, organize ongoing marketing campaigns, and actively seek out new and improved ways to connect with your audience.
#6 – Invest in marketing automation: If you’re looking for an innovation that saves you time and improves your ability to add value to the consumer, you should consider marketing automation. Marketing automation allows you to create lead magnets that attract your client by setting up automated campaigns followed by initial interactions. This strategy allows you to program the type of property, area, and even price that your client is looking for and pool together properties as they become available. An email can then be sent out with some pre-scripted text to allow them to contact you if it’s a suitable fit.
Are there any ways that digital marketing and real estate tie together that we didn’t discuss? Please drop your opinions below.