Posts Tagged ‘IdeaViews’
5 Surprising Demographic Trends for 2012
Posted by Sibet B Freides in Real Estate Trends on January 25th, 2012
The National Association of Realtors’ latest Profile of Home Buyers and Sellers has some unexpected statistics about who is buying and selling in today’s market. Now that the first-time homebuyer tax credits have ended, baby boomers have replaced Gen Y and Gen X as the dominant players in the real estate market.
This year’s profile revealed these surprising statistics:
1. Bottomed out at last. Prices appear to be stabilizing in some areas. This is the first step in climbing out of the rocky bottom we have been in for the last several years.
2. Boomers are the key players. In 2010, due to the first-time homebuyer tax credit, the median age of first-time buyers dropped to 31. In many markets, the number of first-time buyers hovered at the 50 percent level. The smart move in 2011 was to market to Generation Y.
Over the last 12 months, however, there has been a substantial change that can have important ramifications for your business in 2012. In 2011, baby boomer purchases substantially surpassed the number of Generation Y buyer.
Why is this surprising? There are more Gen Yers than there are boomers. Generation Y is also at its peak buying age – marrying, establishing new households, and having children.
Furthermore, boomers are actively driving the second-home market. As a result, it may be smart to revisit your business plan for 2012 and to place more emphasis on working with boomers who are currently the dominant players in terms of purchasing.
3. More buyers are using agents. 89 percent of buyers purchased their home through a real estate agent or broker – that’s up from 69 percent in 2001. What are some ossible reasons?
Realtors shorten the search process when there are huge amounts of inventory on the market and people are pressed for time. Most likely, though, it’s the difficulty of the loan process both on the buyer’s side in terms of qualifying for a loan, and on the seller’s side based upon the appraisal process that marks the need for realtors.
4. Married couples or single female buyers? The trend since 2001 has been a substantial decline in the share of buyers who were married. From 2001-2008, the number of married couples purchasing homes dropped from 68 percent to 58 percent.
A historically high percentage of Gen Xers are actually unmarried. As a result, the market saw a huge proportion of single female buyers – the smart market niche for 2011.
In 2012, it’s an entirely different story. The number of single female buyers is still relatively high at 18 percent, but that’s the lowest number since 2004 and represents a reversal of a major trend. It’s time to focus on marketing that reaches couples and families in 2012.
5. Life changes drive real estate sales. The primary reason to purchase a home among repeat buyers is often because of life changes: the desire for a larger home, a job relocation or move, desire to be closer to family and friends, or a change in a family situation.
How will you focus on these 5 new developments for 2012 to reach more sales?
iPhone Apps that Help Real Estate Agents
Posted by Sibet B Freides in Real Estate Trends, Social Media on January 24th, 2012
Being a real estate agent can sometimes get hectic – you may feel disorganized. Have you also ever felt you didn’t have enough information handy to help your clients make the best decision possible? Here are some new and convenient ways to remedy your situation with apps and place you above your competitors:
Sketches
Sometimes pictures don’t support the message you’re trying to convey with your clients. With Sketches, you can take a photo and then draw on it. For example, you might use arrows to point out certain features or write down the distance between two properties.
Around Me
Being able to give your clients instant information is essential. With this app you can quickly tell clients about the restaurants, banks, grocery stores and other shops in the area, making it much easier for a client to make a decision.
Walk Score
People in busy cities want to be able to walk to everything. This app will give you the ability to tell customers exactly how far the nearest restaurants, grocery stores, shopping and more are from their new home. It even has a built-in GPS so users will never have to type in an address to get results.
Real Estate by Smarter Agent
One of the biggest factors for an agent is knowing what comparables are selling for or what sellers are currently asking. Being able to access this information immediately is necessary in today’s instant gratification society. You’ll never believe how fast the contract can be drawn up once you download this app.
What apps help you in your real estate career?
Using Technorati to Find Blogs About You
Posted by Sibet B Freides in Social Media on January 26th, 2012
Today, bloggers are a main source of news for millions of readers. Their articles are typically better researched, more detailed, and more honest than newspaper or magazine articles. They may also be completely false, as bloggers do not fall under the same editorial scrutiny that media must comply with.
When something negative is said about your company through a blog, you may not find out about it until it has spread virally, doing extensive damage to your image, even if the information is not true. To combat this, you can use technology to keep an eye on what is being written about you and your company.
Technorati is a search engine designed specifically to search for blogs on the Internet using three types of searches: 1) keywords, 2) tags, and 3) blog directory.
Technorati also provides tools that allow you to keep on top of blog posts for specific subjects.
Here’s a small guide to keeping an eye on your business:
Search for your company on Technorati
Finding blogs that already contain some reference to your company can give you a rare look into your customers’ minds. People used to pay top dollar for market research that would take weeks to access this priceless information. Now you can see firsthand what your customers are saying, in real time.
Stay on top of your “social footprint”
Technorati allows you to save your searches as “watchlists.” Watchlists may be viewed in RSS format, which means they may be imported into an RSS reader to make it very easy to consistently keep track of who is writing about your company.
What do you do when you locate something?
When you find a blog that mentions your company, leave a comment on their blog. This lets them know that you respect them writing about you. If the post was negative, it also shows that real people from your company are reading what they’ve written, and are savvy enough to respond to it. Bloggers are almost always more cordial and less likely to be critical if they know they are being read by the person they are criticizing.
When someone writes something negative about you, it’s important to read all the comments before responding. You may find that a fan of your company has already defended you nicely and an “official” response may not be necessary. This happens more often than not, which is one of the biggest perks of today’s social media.
Have you ever had negative comments or reviews on your company’s social profiles? How did you handle it?
Tags: bloggers, blogs, comments, Idea Associates, IdeaViews, keywords, negative feedback, Real estate, social footprint, Social Voice, Technorati
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