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2017 Real Estate Market Trends – Did They Happen?

From inventory shortages to western migration and video usage in real estate marketing, did these 2017 trends take the market as predicted?

  • Millennials & Boomers Driving the Market
    Millennials remain the largest group of home buyers (34%) for the fourth consecutive year. However, 85% of Boomers have no plans to sell in the next year, contributing to the lack of affordable homes on the market.
  • A Slow Down in Price Appreciation
    With inventory at 20-year low, and demand heavy, prices don’t appear to be slowing down, except in certain markets/neighborhoods where upward limits have weakened affordability. If mortgage rates continue moving on up, demand may slow with pricing/affordability, but they’re still higher than historical norms.
  • Fewer Homes, Faster Sales
    A record number of buyers and few affordable homes make this one of the fastest moving markets in decades. In May, 1-in-3 homes sold in under 30-days nationally, with a median listing time of 60-days.
  • Shoppers Turn to Video
    100% of home shoppers used the internet to research a specific home, with 86% of shoppers relying on video usage in real estate marketing to learn more about communities, and 70% of shoppers touring homes via video – some of which make the home purchase sight unseen!
  • Popular Western Markets Top the Charts
    The hottest markets in the country are currently:

    1. Vallejo, CA
    2. San Francisco, CA
    3. Boston, MA
    4. Sacramento, CA
    5. Kennewick, WA
    6. Colorado Springs, CO
    7. Columbus, OH
    8. Midland, TX
    9. San Jose, CA
    10. Stockton, CA
  • The Midwest Moving to the Top of the Affordable Housing Market
    Ranked on affordability by the U.S. Census. These cities, with populations of 1-million+, topped affordability charts:

    1. Rochester, NY
    2. Buffalo-Cheeektown-Niagara Falls, NY
    3. Pittsburg, PA
    4. Kansas City, MO
    5. Indianapolis-Carmel-Anderson, IN
    6. Grand Rapids-Wyoming, MI
    7. Houston-The Woodlands-Sugar Land, TX
    8. San Antonio-New Braunfels, TX
    9. Dallas-Arlington-Fort Worth, TX
    10. Oklahoma City, OK

Learn how video usage in real estate marketing can prove true for you in the upcoming year. Visit Properties Online today.

Make Your Next Open House a “Live” Video Event

Pack hundreds of qualified buyers in the doors without maxing out occupancy levels at your next open house with the latest in real estate selling trends: Live streaming video. Agents are jumping aboard the bandwagon of this latest listing craze – and with good reason. Studies show when a listing has a video attached, interest increases a staggering 403%.

Live On the Scene: Your Local Agent
Real estate agents are increasingly casting themselves as the directors and on-camera hosts of area open house events, touting their latest listings via live streaming and social media platforms such as Facebook Live.

The Grand Trifecta of Benefits
Agents hosting live events earn a hefty payback…

  1. Showcasing the home to a larger pool of potential buyers.
  2. Providing essential information in a convenient format which is of huge value to shoppers.
  3. Leveraging the event to expand their online presence and reputation.

How Does It Work?
Agents hosting live open houses typically guide viewers through the home, accepting questions posted in the ‘comments’ section of the hosting service. Questions are answered live, much like a call-in radio show. After the event, insightful agents review questions and comments, posting necessary information on missed opportunities in a follow-up.

Beyond the Open House
Footage of the event remains available online as long as needed, and can be shared via an endless variety of social media platforms for added exposure. With contact information gathered from each participant, agents are free to follow-up post-event as well. Contact is typically well received, thanks to the unmatched capability of video and live streaming to display your personality and create an immediate personal connection.

Make your next open house a lot more compelling with the latest in real estate selling trends from live streaming to informational and personal promotion videos. Take full advantage of today’s video sales technology with the help of Properties Online today.

Home Sale Secrets Top-Performing Agents Know

Home Sale Secrets Top-Performing Agents Know

In real estate selling, the devil is in the details. And top agents know the details to pay attention to, sharing them with sellers (if not with their fellow associates) to ensure sales.

What Are the Home Selling Secrets Real Estate Pros Let Customers Know?

Exaggeration will backfire.
If a buyer pulls up to a home expecting a lakeside view, only to find a goldfish pond, they’re sure to leave disappointed. Describe the best features of what you have to offer to avoid ‘dine and dash,’ blind-date style scenarios.

Curb appeal is king.
A well-manicured lawn not only makes a property look magnificent, but low maintenance. (Leaving the lawn unkempt is akin to pointing out annoying chores.)

Staging isn’t a one-shot deal.
Staging needs vary from season to season, with space and airiness essential in warmer months, and cozy environments more fitting in cooler ones.

Look to pricing ‘bands’ for added exposure.
Price within ‘bands’ in real estate selling to avoid missing out on a wider pool of buyers. Those looking to spend $240,000 will typically look in the $225-250,000 range. So that $255,000 price tag could put you out of range for a number of buyers – or disappoint those looking for ‘more’ of a house.

Beware of listing ‘black holes.’
Don’t initiate your listing during key vacation times (the Fourth, Labor Day), lest your listing be buried by new offerings by the time prospects return from vacation.

List in-season.
The home buying season runs February through September, with a hot spot in June prior to school returning to session.

Pay attention to timing.
If a listing sits unsold for 3-4 weeks, that’s a sure sign the home is overpriced. To avoid looking desperate, price realistically at the start.

Share the secrets to real estate selling success and reap huge rewards. Stay up on what’s in with the latest sales tips, tricks and secrets from Properties Online today.

Get the Angle You Need to Up Your Marketing Game

Drone Videos Give Home Buyers a “New Perspective”

As federal drone use laws have become clearer in recent years, the use of drone photography has continued to grow in popularity in real estate marketing. As a fresh way to spice-up listing photos and video, the unique views provided by drone-captured shots offers buyers a far more complete perspective not only of homes, but their surrounding neighborhood and area amenities.

Marketing that Makes an Impact
A far cry from Google Earth’s satellite views – which leave a lot to be desired – drone video goes beyond simple and common front and rear exterior photography, providing a top-to-bottom, 360-degree view of a home and surroundings. The added dimension and additional information provided can help cinch sight-unseen sales for out of state buyers, and in some cases even drive-up property prices via the showcasing of expansive natural views or sought-after amenities.

Getting the Bird’s Eye View
Adding drone photography to video usage in real estate marketing is more intense for commercial drone pilots than those who fly recreationally. Those snagging real estate shots via drone need a Federal Aviation Administration drone pilot’s license.

Training in drone usage and photography are essential, as is insurance against mishaps. For example, rules forbid flying over people, allowing the drone out of the line of sight, etc. It also takes a good deal of practice to both ensure the safety of the public and get clear shots while flying these miniature marvels. Fortunately, there are a host of reasonably priced drone services for hire to handle your shoot. All you have to do is Google ‘find a drone photographer near me’ and choose among area providers.

Soar above the competition, giving prospective clients a new perspective. Take advantage of these and other tips and techniques for video usage in real estate marketing. Boost your impact with the help of Properties Online today.

Marketing Videos... The Key To Success.

1 in 3 Real Estate Buyers Now Make a Purchase Decision from Only Photo and Video

Buyers are increasingly relying on video usage in real estate marketing, making 1 in 3 purchases sight-unseen according to the latest Redfin statistics – up from 1 in 5 just a year ago. Are you missing out on speedier sales by failing to take advantage of this increasingly popular marketing medium?

Tight Market & Technological Advances Are Fueling the Trend
A lack of affordable homes has buyers willing to jump in, sight unseen, to snag a home. With today’s technology, they are relying on video usage in real estate marketing and online information on neighborhoods to avoid surprises.

As expected, millennial home buyers are leading this trend, accounting for 41% of recent sight-unseen offers – three times more than baby boomers. To make offers competitive but get some protection, typically the only contingency is an inspection clause in the purchase agreement.

Video Tours & Drone Advancements Make Sight-Unseen Purchases Easier
For those simply unable to view a home in person, such as long distance buyers, as well as those looking to get a leg up on the competition, video tours with the right imagery and information give can give buyers enough confidence to forge ahead without kicking tires in-person.

For long-distance buyers, some are even engaging in live walkthroughs with agents via FaceTime or Skype, engaging in an interactive, Q&A experience to put their minds at-ease.

Video Marketing Tips to Gain Buyer Confidence:

Enlist a Drone
Tour the neighborhood and offer bird’s eye home views via drone videography.

Cover all the Bases
Including closets, outside, and mundane things like electrical panels and water pressure.

Add a Public Service Announcement
“Out-of-state and considering buying sight-unseen? Contact me to arrange a live video walkthrough, or enlist the help of a licensed home inspector today.”

Put video usage in real estate marketing to work for you, inspiring sight-unseen buys. Create videos quickly and easily with the help of Properties Online latest video builder tool today.