NAR

Friday Blog Scan: Things We Liked from the Week That Was

Marketing used to be simple. A flyer. A postcard distributed to your farm. A newspaper ad in what once was a robust real estate section filled with listings. Today, simplicity has not be replaced, just relocated to the Internet where social networking websites are providing small business great new opportunities to market their services and wares. Rhonda Abrams digs into the top 5 and how small business can make best use them in her post titled Strategies: Which social networking site is best for your small business?

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Newspaper vs. Internet

In real estate we have already seen the value of newspapers virtually disappear in terms their power to attract buyers. The following chart is one that I recommend every agent have on hand during a listing appointment. It clearly shows where buyers are finding the homes they buy, and it’s not the newspaper.

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Using Target Marketing to Attract Agents

Those responsible for attracting new agents to their offices have certainly been challenged by today’s real estate market. A look at the decline in NAR membership only adds to the discouragement many recruiters are feeling. So let’s regroup.

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The Future is Bright For Some, But Not All Will Get It….

As I sat on the main stage Friday at REtechSouth in Atlanta, one of the shows organizers, Brad Nix, asked me what I thought about some of the statistics in NAR’s 2008 Profile of Home Buyers and Sellers Survey. What he was referring to specifically was the fact that 85% of the consumers surveyed said they would definitely or probably use the same real estate agent they transacted with again. On the surface one might think that is a good number, but when you pair it with the fact that only 26% of sellers and only 18% of buyers actually do, it is frightening. Could there be a bigger disconnect? And why?

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