Posts tagged: Real Estate and Technology

New Jersey Realtors Are Beginning To Use Pay Per Call

If you search at AOL for the terms “realtor, nj” or “fsbo, nj” following adds appear on the top of the search results:

Pay Per Call Ad

Pay Per Call Ad

 

Pay Per Call seams to be gaining in popularity among New Jersey Realtors. In comparison to well known pay per click advertising, which does not suites real estate industry as well as other businesses, pay per call may become much better solution.

One problem that many real estate websites have when it comes to pay per click advertising is that transaction does not happened on the website itself. There are no shopping carts nor thank you pages where you would insert necessary HTML code to keep track on ROI (return on investment). Many people may visit your website but until they actually pick up the phone and call you, these visits can be hardly seen as “leads”. Until such time (likely never) as we will be able to sell or buy real estate property with a click of a button, there will be no certain way to calculate ROI.

 

Is Pay Per Call Effective?

Just as we posted recent article about Pay Per Call advertising, we have come across this excellent article describing the effectiveness of pay par call advertising.

Without a doubt pay per call advertising will come handy. Unfortunately there is no certain way for a real estate company to calculate return on investment when it comes to traditional pay per click advertising, since the actual transaction does not take place on the website therefore the “tacking” codes are useless.

Truth In Advertising for FSBO Sellers

By Raynor James

When selling your home for sale by owner, you will be handling your own marketing. This leads us to the issue of what you put in your marketing materials in relation to your home.

The real estate industry is somewhat like the used car industry when it comes to certain areas. Each is known for using terminology that could be considered to perhaps stretch the boundaries a bit. “New paint job” in a car add can often be translated to “new paint job because the car was damaged in an accident.” When it comes to real estate, a unique set of terminology also applies. “Cozy” is often a term interpreted as meaning small. “Very cozy”, of course, means a home that is basically two closets hammered together!

As a FSBO seller, you need to give some thought to the terminology you will use when marketing your property. I am not so much referring to legalities as I am to common sense truth in advertising. It is tempting to list the possibilities of a home despite the fact the property offers no such basis for doing so. Such phrases I often see are things like “potential for view” without mentioning the buyer will need to add two stories to the property to get a sliver of a view! In my opinion, such advertising is a bad approach.

When marketing your property for sale, it is important that you be accurate. Yes, you can use terms that promote the strengths of the property. You should not use terms that are not based on how you use the home. If you have a two bedroom property in which you sleep in one bedroom and your child in the other, language regarding a home office, game room and such is probably misleading unless you have other rooms that specifically are being used for that purpose.

The problem with stretching the boundaries with your marketing has to do with expectations. If a potential buyer reads your ad and thinks it matches what they are after, they expect to see the attributes when they arrive. If they do not, they certainly will not be making an offer. This will lead to negative commentary among buyers regarding you and your home. You should never require a buyer to have a vision of the far reaching possibilities of a home.

As a FSBO seller, being accurate in your marketing materials is critical. Yes, you may get fewer buyers visiting your property, but you will get a better quality of buyer, to wit, a buyer more like to make an offer. At the end of the day, that is the point after all.

Raynor James is with FSBOAmerica.orgreal estate articles on selling your own home.

Article Source: http://EzineArticles.com/?expert=Raynor_James

Century 21 Property Search Gold Beta

Century 21 Property Search Gold BetaCentury 21 has introduced new “gadget” to their website. Property Search Gold Beta still in testing is a combination of MLS and map technology. Microsoft Corporation is providing map data.

This new feature provides new and improved way to find a home. Century 21 warns their visitors that to have complete list of properties, the standard property search should be used.

Introducing new “gadgets” to Real Estate is not new. A week ago Coldwell Banker has introduced a feature that will notify “home-hunters” about new properties via RSS feed.

RealEstateABC.com

RealEstateABC.com has been around since 1998. The website was created to “candidly” inform buyers and sellers aboutRealEstateABC.com the “real world” of real estate. They website indeed has many useful articles and tips on buying and selling homes. There are all sorts of calculators available, some mortgage related information. While some people may find the website useful, many may bypass this kind of website going straight to the websites of Realtors.

Not so long ago, RealEstateABC.com has introduced a page where visitors supposedly can find the value of their homes, maybe trying to put out some competition to Zillow. As with Zillow, RealEstateABC.com offers visitors to find the value of homes, the results come back in a format of a map where subject property is displayed on a Google Map. But either site lucks data to back their findings on homes value. Some properties that we have checked where marked at the price they were sold or bought last time, in some cases 5 years ago; far cry from real value.

If RealEstateABC.com and other similar sites would reach out to real estate companies, they can create great source of information available to sellers and buyers. This kind of partnership can benefit everyone around. The web masters of these website would have “real” data, Realtors can learn from web masters what Internet users are looking for, and all off us can use some good information that turly would be without “puff, hype or sensationalism”.