Modern Real Estate Marketing

Posted Dec 31, 2006 @ 6:59 pm, Viewed by 470 Visitors, Read 477 Times.

All Realtors and real estate agents talk about selling your home for the highest price in the shortest period of time!

The same message has been part of introducing real estate agents to getting listings since my Uncle was a Broker in North Georgia years ago. Over the past decade the world has changed and the way that buyers find the property that they ultimately purchase has changed as well.  These changes are researched and the results are provided by the National Association of Realtors and other research groups each year.  The interesting and somewhat discouraging issue is that so many Realtors don;t know where buyers find the homes that they buy even though the information is widely avaliable.

Where do buyers first find the homes they purchase?

  2004 2005 2006
Real Estate Professional 38% 36%  
Internet 15% 24%  
Yard Signs 16% 15%  
Friends, Family, Neighbors and people the owner already knows 12% 10%  
Newspaper and Magazines 6% 6%  

Knowing that so few buyers initially find their home in the newspaper and Magazines why do Realtors continue to spend such a high percentage of their marketing budget and time focused on print advertising?  The answers that I most frequently is that they have always worked in the past and that home owners are demanding that they advertise in them!  To the later - my question is always - have you shared with the owner that so few buyers are searching in the newspapers and magazines nowdays.

We will be adding the 2006 numbers shortly from the latest 2006 National Association of Realtors - Profile of Home Buyers and Sellers report.

Thanks

David Abernathy
Ocean 30 Marketing Group
Marker One Realtors
561-628-0128

David Abernathy
Ocean 30 Marketing Group
Waterfront Properties & Club Communities
561.628.0128
abernathy@ocean30.com

See all the properties publicly promoted on the Palm Beach County MLS. 
Palm Beach County Real Estate

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Ocean30 David Abernathy Realtor, Phone: (561) 628-0128 Serving Palm Beach, Martin and St Lucie County Florida Real Estate. Contact our Group to assist you with your real estate sale of purchase. Read More

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