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There’s nothing more painful than working hard to increase your web traffic, only to succeed then sit there waiting while nobody actually contacts you. Every day you see dozens or even hundreds of people visiting your site, but your blackberry stays tragically silent, no rings, beeps, chimes or anything.

The problem is that most agents spend all their time generating great content and focusing on attracting visitors, without thinking about how to convert those visitors into actual leads.

The secret is to make it easy and natural for your visitors to contact you:

Tip #1: Put a contact form at the bottom of every page on your site.

Type “WordPress contact form” into Google, and the first result is a simple plugin for your WordPress blog.

Make one simple contact form, and then you can start making more custom versions for different pages. On your “selling” page, for example, put a form where sellers can request a seller’s guide and enter basic property info in exchange for an estimate of their home’s value. See an example of forms on every page on these single property websites.

Without a form, visitors aren’t going to take the initiative to send you a detailed email requesting a price estimate… it’s just not going to happen.

Tip #2: Include a call to action at the end of every post.

A call to action means telling your visitors exactly what to do next.  The more specific and personal, the better. For example, “you should follow me on twitter” has been proven to be dramatically better than “follow me on twitter”.  It’s hard to believe, but we all have a natural tendency to simply go with the flow and do what we’re told.

This doesn’t mean be pushy or overly sales-y, it just means make it easy for a busy, tired visitor to cruise through your site and go on to the next step — in this case, the next step is filling out a simple form for more information.

After that, the next step is up to you!

Easy real estate report ideas for your blog

Easy real estate report ideas for your blog

1.  Monthly Absoprtion Rate.

The real estate absorption rate is easy to calculate: just divide the total number of active listings by the total number of sales in the past month.  Ex 300 listings / 50 sales = 6 months of inventory. This is one of the quickest and most useful stats out there.  For even more mileage, do the real estate absorption rate for your city and also for your specific niche areas.

2. The Basics.

Try writing a quick post with the following:

  • # of sales
  • Average sale price
  • Average price per square foot
  • Optional: break down by 1/2/3 bedrooms

3.  Inventory Gauge

This is the only subjective report, but at the same time it’s a great chance to add some visual flair to your blog.  First, you’ll need three images to represent low, average, and high inventory.  I used an engine-type gauge, but you could also use some fun local imagery, such as a surf report image for a beach town, or a wine glass with different amounts of wine in it for napa valley, etc.

trulia_real_estate Trulia Real Estate Search now offers a nice free bonus for real estate agents: unlimited photos, and the ability to manage and edit your photos, including adding captions.

It’s great to hear that they’re offering it free, and confirms Trulia’s status as one of the most real estate agent friendly search sites out there.  They offer a great set of features for free, and give agents a chance to get seen with their “Trulia Voices” section where you can answer questions from buyers and sellers.

Of course, there is an ongoing debate in the real estate industry about sites such as Trulia, which essentially repackage our listing content and then charge us to advertise on those listings.  I think they’re reaching a point where they’re beginning to add enough value on their own, especially compared to Realtor.com, which isn’t even owned by Realtors.

In fact, Realtor.com charges us real estate agents more money, and offers less features, than many of the other public real estate search sites such as Trulia. Go figure.

A small bit of good news: sales of existing homes in May rose 2.4% from the month before.  Unfortunately, though, it’s rarely that straightforward in real estate.  Sales always rise during the spring time period, as more buyers are out looking than any other time of the year.

And unfortunately, compared to May of 2008, sales were down 3.6% That, in my opinion, is the more important number to look at.  Some other highlights from NAR (National Assocation of Realtors):

The national median existing-home price3 for all housing types was $173,000 in May, down 16.8 percent from a year earlier. Distressed properties, which declined to 33 percent of all sales in May from 45 percent in April, continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

And some highlights by each region:

Regionally, existing-home sales in the Northeast rose 3.9 percent to an annual level of 800,000 in May, but are 10.1 percent below a year ago. The median price in the Northeast was $243,600, which is 12.5 percent below May 2008.

Existing-home sales in the Midwest jumped 9.0 percent in May to a pace of 1.09 million but are 4.4 percent below May 2008. The median price in the Midwest was $145,800, which is 10.4 percent lower than a year ago.

In the South, existing-home sales were unchanged at an annual pace of 1.74 million in May but are 8.9 percent below a year ago. The median price in the South was $157,400, down 9.9 percent from May 2008.

Existing-home sales in the West slipped 0.9 percent to an annual rate of 1.14 million in May, but are 11.8 percent higher than May 2008. The median price in the West was $197,700, down 30.6 percent from a year ago.

Source: National Association of Realtors

iphone-3gs-real-estate

If you haven’t heard, Apple just released their latest iPhone, the iPhone 3G S.  With the iPhone becoming more and more popular with real estate agents, I thought I’d explore the implications of it’s most powerful feature: the ability to shoot video.

Video For Dummies

The biggest upgrade to the new iPhone is the ability to record video.  Video also happens to be one of the fastest growing areas in real estate, and it doesn’t take a genius to imagine the opportunitys.  What really make this feature powerful, though, is the ability to quickly edit videos right from your phone.

If you’re like many agents, you simply don’t have time to go home, upload a video, fire up the editing software, and clean up a video for all your clients.  My guess is that beyond the technology, the time factor is the single biggest obstacle to adding video to your real estate arsenal.

That’s the exact area the new iPhone 3G S has conquered, by giving you the ability to easily edit video right from the phone.  Suddenly, something that used to take up to an hour or longer can be done in a matter of minutes, from anywhere. Now, instead of just using video for your listings, you can use it for everything.

Imagine:

Zipping around on tour, taking 60 second videos of your favorite properties. Then, editing them and the car and sending them to right to your clients in a matter of minutes!

Walking through your favorite neighborhood, and quickly making a mini- neighborhood video for your blog or hyper-local real estate website!

On your next listing presentation, recording a video of your potential clients home to show, instead of telling, how you use the latest technology to market and sell their home.

With any new technology, the hardest part is making it simple and easy enough for the average person to actually use. For real estate agents, the new iPhone 3G S may be just the thing that takes us from “I should think about using video someday” to “Let me get my iPhone out and shoot a video of this right now”.

I’m contributing to a second blog on my single property websites site. It features several topics, including marketing tips for real estate blogs and websites, social media, and most recently I’ve been reviewing and providing highlights of various NAR publications.

realtor-tools

Ths article about 10 Free or Cheap Tools For Realtors from Inc. Magazine is actually meant for startups, but as independent contractors real estate agents are often in the same boat as other entrepreneurs: limited funds, not much time, and the eternal love of free things.  They have several great tools, many of which I use myself including Mozy, a great free online backup service. I strongly suggest checking their ten picks out!

Source: twitter.com

Source: twitter.com

So admittedly, I’m way late to the twitter party.  However, as I explore it more I realize that for the real estate industry, I’m still almost an early adopter!  While there aren’t a ton of real estate voices on twitter yet, there are several good ones.  I’m going to be compiling a list, and if anyone has any suggestions I’d love to hear them!  Daniel Rothamel has some great suggestions in his post, Welcome to Social Media for Real Estate 101: Twitter.  Any others?

single-property-sites-seller-piechart

Image Source: My Single Property Websites Data Source: 2008 NAR Profile of Home Buyers and Sellers

As part of it’s “Right Tools, Right Now” program, our national association is generously providing the 2008 NAR Profile of Home Buyers and Sellers free as a download to Realtors (go to www.realtor.org to download).  I spent some time reviewing the profile and combining it with my own experience, and wrote a lengthy summary of it on my single property websites.  You can view my full review and the other graphs I made here: Real Estate Marketing: What Sellers Want.  Here is an excerpt:

The pie chart above shows what sellers most want from real estate agents. There are four nearly perfectly equal “biggies” that were picked by over 80% of sellers, with everything else picked first by less than 20% of sellers. The four things sellers wanted most:

  • Help price the home competitively
  • Help sell the home within specific timeframe
  • Help find a buyer for home
  • Help seller market home to potential buyers
  • Notice that these four things are nearly perfectly equal, at 20% each except for pricing help at 21%. That means if you want to give 80% of your sellers the #1 thing they desire from a real estate agent, you need to hit all four of these nails on the head. Read more…

A little while back I decided to purchase a camera for taking better real estate photos, specifically one with a wide angle lens.  My criteria were:

  1. Under $300
  2. Must have wide angle (28mm or better) lens
  3. Able to to double duty as my personal camera

I did some searching, and ended up purchasing the “Canon PowerShot SD870IS 8MP Digital Camera with 3.8x Wide Angle Optical Image Stabilized Zoom (Silver)” for $249 at Amazon.com:

real-estate-cameraI purchased a new but slightly older model, which I would strongly recommend as the newest version can be in the $400′s, which was more than I needed to spend for a camera.  So far, I’ve been very happy with it, and it’s small enough that I can take it pretty unobtrusively when I’m with clients, to snap photos for them in case they want them later and also to kill two birds with one stone by taking photos for my local real estate blog.

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