Real Estate

4 posts categorized

February 24, 2015

Mobile Marketing Benefits for Realtors


Marketing ideas for realtors should always include text message marketing, as this channel provides a wealth of unique options for real estate professionals. Let’s check out a few SMS marketing ideas that you might add to your overall advertising strategy: 


Specific Property Listing Upon Request 

The ability to instantly send specific property information at any time is a huge asset to any real estate marketing strategy. Set it up so information goes out automatically or at your discretion, though keep in mind that sending texts early morning and late at night will likely irritate potential leads. 


Mass Text Messaging Campaigns

Text messaging makes it easy to launch mass campaigns from your own device using web-based software. Messaging and contact lists are available and ready for use whenever you are, something of vital importance if you’re an agent who’s constantly on the move. 


Lead Generation Streamlining 

Streamlining the lead generation process is yet another mobile marketing benefit for realtors. It not only allows you to spend less time and money attracting customers, but also makes it easy to engage new leads. 


Mobile Database Generation

Use text messaging to easily generate a mobile database of home buyers you can contact about new property listings in the future. Collecting SMS details makes keeping in touch with clients simple, and it’s an ideal way to obtain referrals. 


Money Saved

This real estate marketing strategy saves you money on printing costs and classified ads. Forget sending paper—texting is a very “green” practice in addition to being inexpensive. 


Appointment Reminders

The appointment reminder feature available through SMS is another benefit you’ll want to take full advantage of. Send clients and leads reminders concerning meetings and showings, as well as open houses. Doing so can rekindle interest in certain properties, and also demonstrates your professionalism and attention to detail. 


SMS Keywords and For Sale Signs 

Your For Sale sign should be working for you, right? List an SMS keyword on the sign so people can instantly text and receive an automated response when they drive by. Include your very best sales pitch, along with the best way to contact you. Potential leads sending texts to short codes also means they’ve opted into your marketing list for future contact. 


Multiple Agents, One Account 

Including multiple agents on one account makes certain everyone on your team is one the same page in terms of messaging and branding. While everyone can enjoy their own lists and permissions, the client receives content from a central location. This is extremely helpful if working at a large firm with dozens of agents. 

Text messaging is a fantastic platform for sending relevant information, latest listings, referral incentives, and a number of other important client engagement strategies for real estate professionals. If you haven’t already implemented SMS into your promotional strategy, it might just be time!

February 09, 2015

Real Estate Tech Opens Market to Small Investors


It was about one year ago that RealtyShares created a new way for investors to put small sums of money into real estate projects. The company is likened to a “LendingClub for Real Estate,” as it provides a platform for crowdfunding real estate development. They subsequently allow investors to put as little as $5,000 into single and multi-family homes, as well as commercial real estate projects. Project cost ranges from $100,000 to tens of millions. 

If you’re a developer looking for funding, RealtyShares makes the process pretty darn simple, as it offers an easy way to obtain said funding. The company funds between 10 and 20 projects per month, and it takes about four days for each RealtyShares investment to receive funding. Compare that to weeks or months for traditional funding and you’ve got a great way to develop real estate projects. 

RealtyShares eschews banks and big-time investors in favor of collecting larger volume on smaller investments. The total value of properties funded through the site is already more than 70 million, and projects are generally funded about 12 to 24 hours after they’re listed. Additionally, sponsors and borrowers don’t have to worry about managing their investors, as RealtyShares does all the paperwork and payment processing. 

Led by General Catalyst, the company recently raised $1.9 million to make their new offering available to more developers and investors. Additional investors include E*Trade COO Greg Framke and president of Gold Bullion International Savneet Singh. Investors can pool money--as little as $1,000--in equity investments where they own part of the property. This results in quarterly or monthly cash flows from rental income as well as sale profits, though investors may also become property lenders and receive a fixed monthly income. 

The company has pointed out five specific markets with growing tech and real estate sectors that offer the opportunity to invest. These markets include Austin, Chicago, Seattle, Dallas, and Miami; RealtyShares hopes to connect borrowers and investors in a more efficient manner.

Such market-specific products allow developers to find funding from local investors interested in developing in their cities. Investors also enjoy the benefit of profiting from “better yields” in markets--ones that have yet to be overdeveloped.

RealtyShares was part of the seventh 500 Startups Accelerator Class, where it received much praise for putting money into projects generating a quick return among other services. 


August 21, 2014

Mortgages Go Mobile


The mortgage lending market is updating the way it does business. Primarily a person-to-person industry, mortgage lenders typically meet with customers directly to offer a variety of packages suitable for their clients. With the influx of mobile users in the past decade, however, the big players in this business are readying to go mobile.

According to the Pew Research Center, about 90% of U.S. adults carry a cellphone. In addition, the report shows that 58% of Americans carry a smartphone, 42% own a tablet, and 32% have an e-reader. These numbers show that, in this nation alone, owning a mobile device has become a standard. Mortgage lending corporations have begun to roll out marketing campaigns based on these numbers, creating mobile apps and kiosks to change the way they have historically addressed their clientele.

In Wisconsin, a company called Waterstone Mortgage has been one of these pioneers. They have developed a digital platform entitled Mortgage Agility, which allows potential borrowers to apply for loans using their smartphones. The app features the ability to take pictures of the potential clients’ documents, thereby speeding up the approval process. Waterstone’s offices in Florida have started to employ Mortgage Agility, and they are already seeing great results: not only are customers’ information collected in an orderly fashion, but they are able to move into a closing position with greater speed and ease.

Another digital platform, called Apex, has been unveiled by FBC Mortgage LLC. This technology comes to customers as a kiosk located at FBC Mortgage storefronts. Apex allows potential borrowers to streamline the approval process, allowing clients to determine if they are eligible for a loan in less than ten minutes. The technology then sends a correspondence letter to the individual immediately after the pre-approval process.

It is true that the mortgage lending industry has a history of doing business the old-fashioned way. When it comes to loans, it is important that all of a customer’s information is protected and handled with care. But the face-to-face practice of lending requires a great deal of a given client’s time (as well as the lender’s time). Nowadays, Americans use mobile technologies for anything from online purchases and video games, to text messaging and information gathering – and the mortgage lending industry must not lose sight of this. By developing strategies for the lending market that incorporate a mobile user’s smartphone (or an appropriate digital platform), their customers will appreciate the ease-of-use and expediency of mobile technologies.



January 12, 2010

Learn At Our Text Message Marketing For Real Estate Resource Center

Last week we launched our Small Business SMS Marketing Resource Center - Today we're excited to announce that we've opened the doors to our new resource center just for real estate firms. Whether you're a Realtor, a property developer, or a management firm, we've got info, tips, and case studies that will help you launch your firm's first text messaging campaign.

Want to learn more? Visit the Real Estate Resource Center and start texting today!