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Teardowns May Affect Your Business

Why the Next Property You Market May Have Fallen Victim to the Wrecking Ball

Could the next property you sell be worth more without the home or commercial building that’s on it? In some areas, real estate trends are pointing to a rising number of teardowns, especially in locations where uber-thin inventory levels are causing home prices to soar. Big cities and hot markets such as coastal and other scenic fare are taking a big hit.

Whack!
Zoning often allows for an apartment or small condo complex on land where a small, single family home, school, or commercial property once stood, making the land beneath some tiny buildings worth far more than the structure on top of it. A flip in traditional market logic where the lot accounts for a mere 10% of overall property value.

Crash!
Teardowns are especially attractive for builders and developers due to the glut of environmental hurdles and zoning issues associated with acquiring land. And the industry is increasingly taking notice of such real estate trends, with teardowns on the rise to account for 10% of all new home construction starts in 2016. That’s an increase of 7.7% from the previous year.

Bang!
Popular in the late 90s and early 2000s before the financial crisis, teardowns are increasingly becoming common in the western U.S., where housing costs are highest. Some 33,400 structures in the west took a hit in 2016, followed by 23,800 in southern regions, 12,300 in the Midwest, and 9,800 in the Northeast.

Boom!
Some of the homes taking the hit aren’t even in bad shape. In fact, buyers are dropping a pretty penny on small and seemingly insignificant homes – just to get the land and rezone it for a multifamily project, such as condos or apartments so they can boost value via added versatility.

Are you up on the latest real estate trends for producing smashing sales results? Find them at Properties Online today.

Let Property Movies Deliver Customers to You Like That Drone.

Real Estate Videos are Morphing into “Movies” in the Luxury Marketplace

Video usage in real estate marketing is already evolving. Going beyond drone shots, agents with luxury listings are now experimenting with cinema-like property movies. These short films feature actors, music scores, story arcs and Hollywood-quality cinematography, cashing-in on online video platforms that are rapidly becoming a key component of successful property sales.

Old-School Walking Tours are Obsolete
People are more easily attached to a story, following it through to the ending – even with performances more Razzie than Oscar. The best movies showcase properties in a way that helps buyers see themselves there.

Over-the-Top – or– Out-of-this-World Publicity?
In some cases, homes cost more than making a movie, and sellers are looking for a little red carpet marketing treatment. How is video usage in real estate marketing playing out for this luxury fare? Movie-like examples include:

• A 14,230-square-foot Bel-Air home that sold for $39 million, marketed with a video featuring 2 kids who take a note from Ferris Bueller, playing hooky to splash in the home’s infinity pool, whack golf balls over the L.A. skyline from their yard, try on outfits in large walk-in closets, and have a puppy delivered by drone.

• Another home, a 5,500-square foot 5-bedroom Hollywood estate listed for $3.65 million, featured a fictional narrative of a couple passionately arguing their way through the sleek, contemporary estate, revealing high-ceilings, high-tech security, and marble fireplaces. The wife chucks her diamond ring in the pool, and the husband is kicked-out, showcasing the neighborhood.

Funding Production
Movie-style marketing videos can cost anywhere from $5,000-$30,000 plus – but they’re not only for extravagant fare. Consider another take: A lower-budget trailer for a 3,008-square-foot-home featuring little girls at a sleepover, traversing the home and ending with a late-night living room dance-romp to Taylor Swift.

Ready to add a little more sparkle with video usage in real estate marketing? We’ve got many ideas. Learn how PropertiesOnline can help you boost your business today.

What Experts Want You to Know About Drone Use in the Real Estate Industry

What Experts Want You to Know About Drone Usage in the Real Estate Industry

At a recent REALTORS® Legislative Meetings & Trade Expo, industry experts joined forces, sharing knowledge about safely aligning drone technology with video use in real estate marketing.

Who’s Got the Bird’s Eye View?
Jim Williams, manager of the FAA’s Unmanned Aerial Systems Integration Office; Doug Trudeau, associate broker at Tierra Antigua Realty in Tucson and the first realtor to apply for and receive a waiver for drone use (before drone flight certification was redesigned to omit manned flight licensing requirements); and associate counsel for the NAR, Lesley Walker.

What Guidance Did These Industry Experts Have To Offer on Drone Tech?

  • Don’t Be Careless
    Following rules without paying attention is the drone operating equivalent of texting while driving. Crashes are not uncommon, and overlooking potential dangers could be catastrophic. Batteries can be highly explosive on impact, resulting in serious injury – or even catastrophic wildfire. Don’t be so eager to use drones that you overlook risks.
  • Look Before You Leap
    Adding a drone to your business isn’t cheap. Equipment exceeds $1,000 and there are continuing costs, including liability insurance, adding another $600-800 per year.
  • Avoid Done ‘Spam’
    Avoid overusing this latest tech toy. Be mindful to keep videos short (under 2-minutes), with only 10-20 seconds of high-flying footage. And don’t fly so high/far that you lose the home to the surrounding environment. All footage should offer value.
  • Know Who’s in Charge
    If you notice a realtor operating unsafely, report it to the FAA. The NAR enforces the realtor code of ethics, not flying (or traffic) infractions. Also be aware – governance of drone use goes beyond the FAA to encompass federal, state, and local laws and enforcement. If you mess up – it’s not just the FAA you need to worry about.

Trying to achieve new heights with video use in real estate marketing? Properties Online can help. Learn how today.

Don't Just do Listing Videos! What Else to Put in Your Online Business Video Library.

Don’t Just do Listing Videos! What Else to Put in Your Online Business Video Library

Feel like video usage in real estate marketing is falling short of your expectations? You may not be leveraging it to its fullest potential. A successful video marketing approach should encompass much more than simple listing videos. What are you missing?

Other Essential Real Estate Videos Include:

Just Sold Videos
The flipside of listings videos are easy to create and use the same files. These videos show off your sales success, offering potential new listing clientele the capability to see first-hand the genre of homes you typically represent and recent sales in their area.

Welcome Home Videos
Once you receive notice an offer has been accepted, create and send a “Welcome Home” video using your listing files, inserting a slide thanking the clients for their business. Excited new homeowners often share these with family and friends – so don’t forget to include a call-to-action button and link to your site.

Neighborhood Profiles
If you specialize in particular communities, neighborhood videos are a must, offering shoppers information on area amenities such as parks, recreation, schools, shopping, dining, and nearby attractions.

About Me Videos
These videos help potential clients put a face and personality with your name, and are a terrific opportunity to show how you stand out from other agents. What types of things should you include? A headshot, awards you’ve received, client testimonials, things you’re involved with in the community (charitable organizations, volunteerism), and most importantly, your contact information.

How-To Videos
Listing and buying particulars can be overwhelming. Simplify things with simple, instructional videos to help them through the process. These show you understand your clients’ needs intimately, add value to your services, and draw prospective clients to your web/social domains.

Still relying solely on listing videos? Step things up a notch with video usage in real estate marketing and reap sales success. Simplify the process with the help of the latest video builder tools and tips from PropertiesOnline today.

Let Property Movies Deliver Customers to You Like That Drone.

Real Estate Agents Love Drones Even As Their Regulation is Evolving

Video usage in real estate marketing in rising to the top of every agent’s must-have list. And flying next to it: Drones, which are providing interesting new opportunities for area realtors to rise-above the competition with cutting-edge videography and aerial photography services. The best news? New legislation is making it increasingly easier for you to put drones to work for your business.

Clear Skies Ahead
In June 2016, an FAA ruling cleared the way for a much easier path to commercial drone operation. No longer requiring a manned pilot’s license, the drone flight certification process has become much more straight-forward, requiring a knowledge test every 24 months and adherence to flight restrictions, such as flying over people, at night, and beyond visual-line-of-sight.

As Drone Usage Grows, Rules May Evolve
Though the path to drone flight certification and regulations is easier, the National Association of Realtors is continuing to push for additional changes, such as participating in Federal Aviation Administration rule-making committees in hopes of opening more opportunities for realtors.

Among them? Flights beyond visual line of sight, crucial for shots of large buildings and tracts of land which cannot be traversed by foot. Also, permitting drone flights over people, where many opportunities exist such as the creation of neighborhood and area amenity marketing materials.

More Affordable Technology and Trimmings
As drone technology continues to improve and come down in price, realtors are jumping on board. Even insurers are offering specific coverage for drone pilots who utilize drones at a lower frequency. Such policies allow these pilots to save a buck on insurance with a bit of additional safety training and corresponding certificate. This is making drones ever more affordable for the everyday agent.

Fly to new heights with video usage in real estate marketing. Easily create stunning videos with the latest in video-building technology, free with most Properties Online services. Learn more today.