Engaging The New Homebuying Generation

by BF STAFF on February 16, 2012

Listing syndication and a real estate market meltdown has fostered a new generation of homebuyers.

Syndication gives homebuyers more data and more places to search for properties online.

The real estate meltdown has made these same homebuyers warier than ever. They worry about getting a loan. They’re doing more analysis on the decision of whether, or when, to buy.

None of this is news.

But what effect has all this had on the homebuyer’s search process? For many, the process no longer has a defined starting point. Online browsing is the new, and nebulous beginning to a home search. For others, what will compel them to make an offer is also less certain – it could be timing, a specific property, or a perceived value or opportunity.

But while they may-or-may-not be searching for a home, and while they toil with the difficult should-I-or-shouldn’t-I decisions in a tough market, they are still looking at properties online. And because most of them aren’t sure where they are in their own murky process, most of them aren’t in a relationship with an agent.

Today’s buy-side agent needs the tools to engage the new homebuyer generation.

When and if that late in the game agent/homebuyer connection is made, agents have less time and fewer opportunities to share their knowledge and become an effective part of their customers’ home search. As a result, the perceived value of the buy-side agent is declining and so is their referral business.

To add value to the homebuyer’s process, agents need to be part of their customers’ online home search at an earlier stage. Agents also need real estate focused CRM tools that keep them engaged with homebuyers during their home search, no matter how long that home search might be.

Enter Buyfolio’s Engagement Page. It’s not only engaging customers for NYC firms – Bond New York, City Connections, Douglas Heddings, and Mark David among them. But it’s also engaging customers for individual agents, whether their first interaction is online or offline.

They’ve become part of their customers’ search, from now until they decide to purchase – whether that be in a month or in two years.

The tail is long, but that’s the nature of the beast.

 

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Engagement Page Re-design

by BF STAFF on February 15, 2012

Your engagement page just got better looking and stickier!

We’ve re-designed our popular engagement page to make it even more prospect friendly. The facelift also includes Facebook Connect, making it easier and faster than ever for customers to sign-up.

A refresher:

1 – As a Pro, we automatically create a custom link / web destination for you at yourfirstnamelastname.buyfolio.com. If you want to change it, go to the Profile tab under Account Settings. Don’t forget to upload your photo and contact info.

2 – Post the link in your email signature, on your Facebook page, and on your personal website. Tell prospects you meet to sign-up with you – it’s a low pressure engagement. Here’s an email signature example with a link to a custom page:

3 – When potential customers use the link and sign up to start searching on Buyfolio, their folio will be automatically linked to you.

4 – Twenty minutes after a new customer signs up, you’ll receive an email that lets you know you have a new customer folio along with the customer’s email address, name, AND search criteria.

5 – Start adding value, sharing your expertise, and building a relationship.

Your customers will get to use the most intuitive listings search and collaborative tool available in NYC and you’ll get to impress them with your knowledge and tech prowess.

Win-win.

Set up your custom signup page today and if you’re not a Pro, what are you waiting for?

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The Buy-side Quadrant

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Homebuyers flock to the likes of Realtor, Trulia, and Zillow because they desire a consumer experience that cannot be found elsewhere. Funded by deep pockets and built by technical minds, these companies have created websites and mobile apps that serve and please the homebuying masses. Are they missing some tools we think are crucial to [...]

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The Forgotten Consumer

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It’s no secret that the real estate industry is on shaky ground. Data tug-of-war continues to occupy center stage. Technology advancements continue to focus on the agent. The cracks are widening and the consumer is slipping away. But firms and agents can prevent consumers from falling through — with built-for-the-consumer technology. Technology that not only [...]

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Trulia Insights A Conversation about Consumer Privacy

January 18, 2012

Last week, Trulia stormed the big data field and announced they now provide behavioral data for customer leads – including preferences and online search behavior – to agents who pay for professional services on the Trulia platform. In their press release, Trulia stated that the program, named Trulia Insights, was in response to the agents’ [...]

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Q: How to succeed in NYC real estate? (Part 2)

January 9, 2012

A: Embrace the right technology. Whether you’re a broker or a brokerage, if you ignore the real estate tech evolution you’ll be well on your way to extinction come 2013. And no, we’re not talking about signing up for a Twitter account or combing Facebook for potential leads. You’re going to have to dig deeper. [...]

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