The real estate market, like any market, is governed by supply and demand. For a seller bringing their home to market, it’s all about creating demand for that unique home; for prospective homebuyers, it’s about having enough homes and enough variety to choose from. It’s simple economics.
What’s not so simple, however, is creating demand for singular components of the market: or, in layman’s terms, generating interest in a home as it relates to others on the market. If a home you’re trying to sell is put side by side with other, similar homes on the market, what’s going to make people choose it over another that might be just like it with a more flexible price point? It’s something that every realtor has to think about and overcome if they’re going to help their clients succeed.
Distinguishing a home starts with understanding the power of vertical marketing within the real estate niche and utilizing the right advertising mediums to generate better bids for potential buyers.
Multi-channel advertising to bolster your home’s image
How do people search for homes in today’s day and age? Most people head online to their favorite real estate hub. Some people still buy the paper for the classifieds section. Some people visit a real state office. No matter where they go to get information about available real estate one thing remains certain: if the information about a home isn’t accessible through the channel they’re visiting, they’re likely not going to know about that home.
This is what makes multi-channel real estate marketing so valuable to you as a realtor. By utilizing every vertical channel within the real estate market to leverage a home, you can target a wider audience, cast a wider net and reel in a buyer that’s going to pay the right price for the home you’re helping to sell.
But multi-channel marketing isn’t always easy and it takes the right tools and materials to not only reach everyone, but to entice people that you do reach. In short, the home you’re pitching needs to be appealing, accessible and worthwhile for anyone who might be interested.
Utilizing the right materials
Generating interest in a home in every available marketing channel comes down to having the right materials at your disposal and a message that prompts people to act. Take a look at a few of the modern marketing methods good realtors use to help boost the value of their clients’ properties:
- Online advertisements: By utilizing geo-tagged keywords, buzzwords and appealing imagery, realtors can create targeted online ads that funnel online users to your home’s web listing.
- Postcards: Postcards are by no means an antiquated form of advertising and are actually making a resurgence in the real estate marketing niche of all places! By coupling intriguing postcards and appealing messaging with targeted lists and every door direct mail (EDDM) campaigns, realtors are able to get the word out about your home to people who are actively looking to pull up roots and set them down elsewhere.
- Email templates: A good email goes a long way when it comes to generating interest in your home, simply because an enticing email can open the door to all forms of interaction with your home’s online listing. Link it to the listing, hyperlink your phone number, enable email responders, etc.—these options and more will get people interacting with your listing so that you can field offers in real time.
The above materials and more are just basic examples of how a realtor who understands the marketing verticals of the real estate market can generate more interest and more offers in a home. And, the best part is that with each new, interested prospector you reach, you’ll be able to leverage another offer into the value of a home, driving the market price up, rather than settling as it goes down.
Generating better offers
It’s not enough to just get people interested in a home—you need to truly sell the value of that home if you’re going to hook a potential buyer at the right price. To this end, it’s important to understand the tools and materials can be utilized in the latter half of the selling process: when people are actively considering the home you’re selling versus other options on the market. Take a look at just a few simple ways to distinguish a home with the right materials:
- Video tours: With a video tour in your repertoire of marketing materials, potential buyers won’t even have to leave their seats to see what a home has to offer. These tours can give people a basic glimpse into a home and generate excitement before a showing, to up the “wow” factor of the real thing when they finally come for an open house or walkthrough. It’s a nice primer that often lends to the value of the home, driving up the perceived and actual value.
- Slideshows: The more you can show someone about a home before they visit, the more reasons they have to visit. Slideshows, like video tours, are a great way to give people a glimpse of the home before they visit. Giving people pictures of the interior and exterior can get them thinking and envisioning themselves in those areas and slowly, people get attached to these homes. All of this leads to concreteness when it comes to maintaining the home’s market price!
- Restoration photos: If you’re pitching a home that has had work done, showing before and after pictures really ramps up the value. People like to see what they’re getting for their money and what better way to show them than what could have been! Whether it’s new moldings, restored floors, a finished basement or something else, giving people a true peek into the upgrades that have been made to a home can really cement the asking price at a higher level.
If you’re a realtor carving out a place in the marketplace, make sure you understand multi-channel marketing and the materials to execute it properly. Speak with an AlphaGraphics professional today about getting the superior, high quality materials you need to succeed at vertical real estate marketing! Read article →