That sounds like a pretty good summary. I livedin an area with 20-25% unemployment for several years and there were always a number of properties on the market.
I just made sure that what we did was nicer than everyone else and stood out from the pack. Houses still sell you just need them to be yours..
[addsig]
I have deceided to get more SS in the pipeline for retail buyers and investors until this market makes it better for flips. In the mean time I will continue to grow net worth by Sub-2s deals.
The market is difficult at the moment and not only in the States but also in Europe. And how to handle it? The way is to work harder to reach potential clients...
There was a press release published at Sellsius Real Estate blog that talked about solutions:
Spain (Press Release) – September 8, 2008 -- The situation in the US real estate market is looking grim with home prices that have dropped a record 15.8% from a year ago. But lower prices do not mean more buyers and with home sales declined in 40 states, realtors have to put their best foot forward to keep their head above the water. Effective marketing tools are of the essence in winning over the clients and reaching a deal.
There are those who are thinking of solutions. José Ruiz is the founder of 3DVista - a company that creates software for virtual tours and online marketing - and he has it clear: “Whatever you are selling, you have to make sure it will be seen by your potential clients. And even more so in real estate where the competition is getting tougher and realtors can’t afford to lose any chance they have for marketing. Now that clients are using internet more than ever, virtual tours are a powerful tool for getting people interested in a property.”
This is true because according to a survey by Pew Internet & American Life Project made as far back as in December 2004 there are 45% of adult Americans who have taken a virtual tour. On a typical day in 2004 there were 2 million Americans taking a virtual tour online. By August 2006 this number had plummeted to 5 million and there is no doubt it is even higher now.
With more and more people interested in virtual tours, it would be smart to put one up. But this alone won’t do it, as it has to be brought to people. Ruiz says: “The people at 3DVista have put a lot of thought into how to offer the best marketing solutions for our clients. We’ve designed an easy-to-use hosting service for clients who are not IT-people. If they wish, they can also add the tours to their own webpages or to any mayor real estate site. And there’s the Vistazoo portal that can now be added to blogs, wikis and social networks as a widget and can also be used with mobile devices. This means the clients don’t have to sit around their computers anymore, browsing through real estate sites. They can use their phones wherever they are or stumble upon a virtual tour in some blog or social network.”
These kinds of innovations create a lot of new possibilities to grab clients’ attention. And this is more important than ever because times are changing and only those who are smart enough to go along with it will stay in business.
bargain
play on budget
That sounds like a pretty good summary. I livedin an area with 20-25% unemployment for several years and there were always a number of properties on the market.
I just made sure that what we did was nicer than everyone else and stood out from the pack. Houses still sell you just need them to be yours..
[addsig]
I have deceided to get more SS in the pipeline for retail buyers and investors until this market makes it better for flips. In the mean time I will continue to grow net worth by Sub-2s deals.
thx, everyone.
The market is difficult at the moment and not only in the States but also in Europe. And how to handle it? The way is to work harder to reach potential clients...
There was a press release published at Sellsius Real Estate blog that talked about solutions:
Spain (Press Release) – September 8, 2008 -- The situation in the US real estate market is looking grim with home prices that have dropped a record 15.8% from a year ago. But lower prices do not mean more buyers and with home sales declined in 40 states, realtors have to put their best foot forward to keep their head above the water. Effective marketing tools are of the essence in winning over the clients and reaching a deal.
There are those who are thinking of solutions. José Ruiz is the founder of 3DVista - a company that creates software for virtual tours and online marketing - and he has it clear: “Whatever you are selling, you have to make sure it will be seen by your potential clients. And even more so in real estate where the competition is getting tougher and realtors can’t afford to lose any chance they have for marketing. Now that clients are using internet more than ever, virtual tours are a powerful tool for getting people interested in a property.”
This is true because according to a survey by Pew Internet & American Life Project made as far back as in December 2004 there are 45% of adult Americans who have taken a virtual tour. On a typical day in 2004 there were 2 million Americans taking a virtual tour online. By August 2006 this number had plummeted to 5 million and there is no doubt it is even higher now.
With more and more people interested in virtual tours, it would be smart to put one up. But this alone won’t do it, as it has to be brought to people. Ruiz says: “The people at 3DVista have put a lot of thought into how to offer the best marketing solutions for our clients. We’ve designed an easy-to-use hosting service for clients who are not IT-people. If they wish, they can also add the tours to their own webpages or to any mayor real estate site. And there’s the Vistazoo portal that can now be added to blogs, wikis and social networks as a widget and can also be used with mobile devices. This means the clients don’t have to sit around their computers anymore, browsing through real estate sites. They can use their phones wherever they are or stumble upon a virtual tour in some blog or social network.”
These kinds of innovations create a lot of new possibilities to grab clients’ attention. And this is more important than ever because times are changing and only those who are smart enough to go along with it will stay in business.