real estate is going online

How The Real Estate Industry is Turning Into an Online Marketplace

Share on facebook
Share on twitter
Share on linkedin

Real estate is changing.

While many real estate agents are still using business models that thrived before the dawn of the internet.

Those methods are becoming less and less effective while online marketing begins to take over.

In this article, we’ll discuss what is changing in the game of real estate, especially luxury sales, and how over the next decade, the shift will turn real estate into an online-based business.

Technology is Winning the Battle

Google, Amazon, Apple, Facebook, Microsoft.

The giants of our generation.

What do they all have in common?

They build sophisticated online platforms and powerful devices to utilize them.

They’ve built the online world we live in today, and they aren’t going away any time soon.

You may ask, “what does this have to do with real estate?”

Everything.

We’re Engulfed in Online Media

google analytics

Google receives 63,000 searches per second.

As a luxury real estate agent, it can be difficult to sell multi-million-dollar houses.

If literally everyone is online (63,000 of us per second), then why on Earth would we as real estate agents, not make a digital footprint.

It’s naïve to think any business based on consistently getting clientele can survive in this new era without having an online presence.

Realtors need to recognize this, put down the phone for a little while, and start building their online profile.

Otherwise, in a few years, they’ll be extinct.

Buyers are Making Purchases Based on What They Find Online

The National Association of Realtors conducted a study that found 50% of buyers found their home online.

Realtors cited that the most effective online tool they used for lead generation was social media.

This means that if an agent posts a listing to their Facebook, it could absolutely bring forth a buyer.

However, an unfortunate finding suggested that only 11% of real estate agents have a blog.

In terms of luxury sales, if an agent plans on converting into the luxury real estate market, then they need to do more, they need to create content.

Content drives the economy at the moment.

The most successful businesses and influencers all create hundreds of pieces of content a month.

The easiest thing you could do as a luxury real estate agent is simply create a blog like this one.

Or, film videos, or better yet, do both.

The video below is an example of how you can rank your website on Google with blog articles. Notice I’m using a video to talk about it.

Just make sure you post consistently, and the content is worth reading or watching.

real estate internet

What Creates a Successful Online Real Estate Business?

The best thing about real estate is how visual it is.

Luxury real estate is even better due to how appealing it is to look at beautiful homes.

The success of a real estate agent comes from how well they can capture these visuals.

Video is the Winning Play

real estate on youtube

Video is king in the online marketplace.

It’s statistically more engaging, more impactful in attracting a buyer, and the most visual one can get.

A smart businessperson knows that implementing video in their bag of tricks is going to reap huge rewards.

Google even ranks video higher in terms of search engine ranking. Which if you don’t know, playing the Search Engine Optimization (SEO) game is very hard and stressful.

One of the primary reasons for writing a blog is so that I can rank higher in Google’s search algorithm.

I rank for keywords like “luxury real estate”, which means the more I mention it in my articles, the more likely I’ll be closer to the top of the search page.

However, if video marketing is implemented into your digital strategy, the simple fact that it’s a video can help you bypass a lot of blog articles needed to rank.

Post videos and articles consistently across multiple platforms like your website, YouTube, and social media outlets and there’s a chance you could dominate your local market if there isn’t a lot of competition.

Visualizing a Lifestyle

In luxury sales, we use staging to portray a lifestyle that a buyer could have if they purchase the home.

Staging will always be necessary; you can read why here.

But before staging can work its magic, we must first attract the buyer.

Well written descriptions of homes are useful, sure, but let’s be honest.

That’s boring and hard to remember among the other thousands of descriptions.

The solution? Show the buyer the lifestyle rather than writing words.

You can do this easily with video. You’ll drive engagement, create a conversation, and strike the chords of buyers who aspire for the lifestyle you showcase.

You can do this with great pictures of the home as well, although it won’t be as effective.

There are also technologies that allow virtual tours of the home, which is extremely powerful, but only effective if you’ve done enough of the groundwork to draw the buyer in.

Once again, the driving point in this conversation is that video is king.

Online Business Yields the Most Reach

Business was once a local-based operation. Then it evolved to a point where you could conduct business regionally, then nationally, then cross-nationally.

But it was always physical, whether in-person as an agent of the company, as a brick and mortar storefront, or an agent on the phone.

That was until the internet was created.

The World Wide Web made it possible to connect with consumers no matter their location without speaking a single physical word.

For some reason, the vast majority of real estate agents still believe it’s necessary to contact people that don’t want to hear from them via phone call or door knocking.

One-by-one.

The power of a successful real estate business is based on individual relationships. I will not discount that.

However, my business model is built around large-scale marketing targeted at a specific niche of clientele that reside in homes at a price point I want to operate in.

Thus, giving me the most powerful reach to that very specific subset of consumers.

google analytics and real estate

Clients come to me because they want to sell their home, not because I convinced them to sell their home so I can make a quick buck.

That’s why I made the business decision to completely disregard the training and advice the real estate agents in my marketplace were giving to me (cold calling and nonstop prospecting) for a more creative, modern, online company that markets specifically for high-end residential sales.

It was one of the best business decisions I’ve ever made in my life.

My platform has far more power, credibility, reach, and potential, than almost every other real estate agent and team in Asheville, North Carolina.

In a few years, I’ll have the ability to expand my business from North Carolina to various states in the Southeastern United States, then eventually the East Coast, the whole nation, and beyond.

All because I recognized an upcoming shift in real estate as a new agent with fresh eyes and decided to take the road less traveled and go against the grain.

Technology removes barriers. Everyone is accessible. Start realizing that.

The Power of Social Sharing

Perhaps one of the most powerful weapons of social media is sharing.

When you post a new listing video and it tugs at the heart of a potential buyer. They might share it.

When they do, your listing goes from being exposed to just your audience, to now the friends and family of the buyer who shared it.

Because humans tend to associate with humans they have things in common with. Odds are, there is a very similar person who also really likes the property and shares it.

Let’s say all of this happens within a matter of an hour.

Within sixty minutes, the home goes from being seen by your 1,000 followers, to perhaps 3,000.

Remember, we’re still in hour number one.

By the end of the day, the total amount of impressions (people who have seen your post) may have reached well over 10,000.

Many of them are probably going to find their way back to your page, then to your website, and potentially, buy the home, or better yet, become clients.

How do you create this chain reaction?

I bet you already know what I’m going to say.

Use video to showcase a lifestyle.

Just start using video already.

Wrapping Up

Online business and its relationship to real estate sales is an extremely deep and diverse topic. I could probably write a hundred articles on it.

Let me know if you’d like more on the subject.

The key points from this are that online business models are winning for real estate agents and luxury agents alike in 2020 and it’s only going to get better.

Video is and will be the ongoing powerhouse of digital content for the rest of the decade at the very least (until holograms take over).

Social sharing is the way to win the game, powered by, of course, video.

Real estate agents need to understand that the days of cold calling and other traditional methods of prospecting are on their way out.

I’ll get a lot of slack for this, but I really don’t care. It’s the truth.

Either adjust to the times or lose your business. I didn’t even discuss Zillow and iBuyers yet but I’ll save that for another article.

Matthew Myre

Matthew Myre

Matthew is a North Carolina real estate agent and the CEO of Berri Properties. Matthew brought his passion for writing to his career by creating the Berri Properties Blog, which now ranks as one of the Top 50 Best Real Estate Blogs in the world. His favorite things are basketball, history, politics, and popcorn. Feel free to contact him at matthew@berriluxuryproperties.com

Matthew Myre

Matthew is a North Carolina real estate agent and the CEO of Berri Properties. Matthew brought his passion for writing to his career by creating the Berri Properties Blog, which now ranks as one of the Top 50 Best Real Estate Blogs in the world. His favorite things are basketball, history, politics, and popcorn. Feel free to contact him at matthew@berriluxuryproperties.com
Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
Share on reddit
Share on email
Share on print

63 Responses

  1. Hello Matthew,

    I just discovered your website today and will certainly be coming back. You are off to such a good start while still young. I have a lot of respect for that. I started business at 19, but that was many years ago now. Marketing a business has changed so much.

    You might think I am old school in some ways, I’m not sure. I do put a priority on marketing my services online through SEO and stuff like that. There are a lot of helpful resources online, but I think yours is the first I have come across that is specific to us realtors. Keep it up. The rest will have to catch on eventually.

    Have you looked into the effect listing plugins have on a website? I see that you do not use one. What is your reason for that?

    PS. I am looking forward to what you have to say about Zillow and other websites like that.

  2. I simply want to say I am beginner to blogging and actually enjoyed you’re blog site. Very likely I’m likely to bookmark your blog post . You surely come with amazing stories. Appreciate it for revealing your website page.

  3. What i don’t understood is in reality how you’re now not really a lot more neatly-liked than you may be right now. You’re very intelligent. You know therefore significantly in relation to this matter, made me individually believe it from a lot of various angles. Its like men and women are not involved except it’s something to accomplish with Girl gaga! Your individual stuffs nice. At all times maintain it up!

  4. Thanks for the strategies presented. One thing I should also believe is that credit cards providing a 0 rate of interest often lure consumers in zero monthly interest, instant endorsement and easy on the net balance transfers, however beware of the most recognized factor that will certainly void your current 0 easy neighborhood annual percentage rate and to throw anybody out into the bad house rapidly.

  5. Thanks for your post right here. One thing I would like to say is that often most professional career fields consider the Bachelor Degree like thejust like the entry level requirement for an online diploma. When Associate Qualifications are a great way to start out, completing your own Bachelors reveals many good opportunities to various careers, there are numerous online Bachelor Diploma Programs available via institutions like The University of Phoenix, Intercontinental University Online and Kaplan. Another issue is that many brick and mortar institutions offer you Online variations of their degree programs but normally for a drastically higher payment than the firms that specialize in online qualification programs.

  6. Thank you for sharing excellent informations. Your website is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the information I already searched all over the place and just could not come across. What a perfect web-site.

  7. I just want to say I’m newbie to blogging and really liked you’re web site. Most likely I’m planning to bookmark your website . You absolutely come with perfect writings. Regards for sharing your website.

  8. An intriguing discussion is worth comment. I think that you need to write more about this subject, it may not be a taboo subject but usually folks don’t speak about such subjects. To the next! Many thanks.

  9. Attractive section of content. I just stumbled upon your site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  10. Needless expenses, life doesn’t necessarily value your self-esteem, life count on you feel good about by themselves before you can want becoming successful. A lot more no longer realistic, get accustomed to them.

  11. I truly love your site.. Great colors & theme. Did you develop this site yourself? Please reply back as I’m wanting to create my own personal site and would like to learn where you got this from or just what the theme is called. Thanks.

  12. Hey! I could have sworn I’ve been to this website before but after reading through some of the post I realized it’s new to me. Nonetheless, I’m definitely happy I found it and I’ll be book-marking and checking back often!

  13. Hi, Neat post. There’s a problem together with your website in internet explorer, could check this¡K IE nonetheless is the market leader and a good component to other people will pass over your wonderful writing because of this problem.

  14. Howdy, I believe your blog may be having internet browser compatibility issues. Whenever I look at your site in Safari, it looks fine but when opening in I.E., it’s got some overlapping issues. I simply wanted to provide you with a quick heads up! Aside from that, excellent website!

  15. Furthermore, i believe that mesothelioma is a rare form of many forms of cancer that is commonly found in these previously subjected to asbestos. Cancerous tissues form inside mesothelium, which is a defensive lining that covers almost all of the body’s internal organs. These cells usually form from the lining with the lungs, abdomen, or the sac that encircles the heart. Thanks for sharing your ideas.

  16. Thanks for the publish. My spouse and i have often observed that a majority of people are wanting to lose weight since they wish to show up slim in addition to looking attractive. On the other hand, they do not usually realize that there are more benefits just for losing weight also. Doctors declare that over weight people suffer from a variety of disorders that can be instantly attributed to their excess weight. Thankfully that people that are overweight and suffering from various diseases can reduce the severity of the illnesses by way of losing weight. It is easy to see a steady but noted improvement with health as soon as even a slight amount of fat reduction is attained.

  17. Hey there! I could have sworn I’ve been to this site before but after browsing through some of the post I realized it’s new to me. Nonetheless, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  18. Thanks for the ideas shared on your own blog. Yet another thing I would like to talk about is that weight loss is not about going on a dietary fads and trying to get rid of as much weight as possible in a few months. The most effective way to shed pounds is by getting it little by little and right after some basic suggestions which can provide help to make the most out of your attempt to lose fat. You may know and already be following some tips, nonetheless reinforcing awareness never hurts.

  19. Undeniably believe that which you said. Your favorite justification seemed to be on the net the easiest factor to take note of. I say to you, I certainly get irked whilst folks consider issues that they just don’t recognize about. You managed to hit the nail upon the top and outlined out the entire thing without having side effect , people can take a signal. Will probably be again to get more. Thanks

  20. Hi my loved one! I want to say that this article is awesome, nice written and come with approximately all important infos. I’d like to see more posts like this.

  21. Thank you for some other informative website. The place else may just I get that kind of information written in such a perfect method? I have a venture that I am simply now running on, and I’ve been at the glance out for such info.

  22. You are so interesting! I do not believe I’ve truly read a single thing like this before. So great to find another person with unique thoughts on this subject. Really.. many thanks for starting this up. This site is something that’s needed on the internet, someone with some originality.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to the blog for the latest real estate tips, tricks, and more.

Related Posts

© 2020, BERRI LLC. All rights reserved.

realtor and equal housing opportunity

Best For buyers, sellers, investors, agents, and marketers.

Subscribe to Our blog for the latest tricks and tips in real estate