MRED Blog

REinventing MLS

Daily Morning Roundup – May 7, 2012

Here are some of the top real estate posts on the social networking sites this morning:

In case you missed this late last week:  NATO Security Plan – Secret Service Announces Lake Shore Drive, I-55, Museum Campus Closures – http://t.co/d8O1lgYL

Voting ends this week! I just voted for Midwest Real Estate Data for “Deliver Customer Satisfaction via Social Media” at http://t.co/BMlWjB9O

 Short Sales Will Increase Dramatically in 2012 – and why – The KCM Blog – http://t.co/jY4KJnTE

 Homeownership Reaches 15 -Year Low – http://t.co/384oXJPc

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Prices: 1Q 2012 vs. 4Q 2011

Midwest Real Estate Data (MRED) Is Getting Out the Vote

Social real estate marketing – remember talking to people?

By:  Mike Scotty

Every so often we stop and think, “Geez how did we ever get anything done before the internet?”   Well, we did.  And funny thing about that is that, especially in marketing, the fundamentals haven’t changed.  The tools have.  Reach and frequency – you identify your target audience and you reach out to them at regular intervals with the right message.  Eventually when one of those prospects thinks of real estate, you come to mind.

 I had the chance to talk to a local Chicago Realtor this week who told me that her consistent use of Facebook alone had built her a steady stream of referrals and a sale every couple of months.  But she probably doesn’t do it in the way you’d expect.

 Eileen has built her fan base up to over 500 Facebook friends that include personal and professional acquaintances, aka her sphere of influence.  She doesn’t post new listings on Facebook, she doesn’t advertise open houses and she doesn’t ask directly for business.  She tried building a business page for a while, but felt it was too contrived and went back to focusing on her personal page.

 What Eileen does is talk to her sphere.  She posts her status and photos, joins groups and talks about what she’s doing day-to-day.  Because she’s a busy Realtor – the real estate angle works its way into the conversation – “I’m between appointments and trying to get tonight’s dinner figured out”, “I’m sitting an open house and can’t believe the traffic”, “I just saw the most gorgeous house that went on the market this week”.  Never the hard sell.

 Every one of her friends knows that she’s a Realtor and knows that she’s busy.  And when they’re looking for a real estate expert, Eileen comes to mind.

 Remember talking to people? Lots of people?  We’re just doing it in a different way now.

 Eileen commented on how people who are house-bound, taking care of a family or in a home-based business can really make a connection and build a solid friendship with you on Facebook.

Think about the things you know about your friends and acquaintances that you’d never know were it not for Facebook. If you’re a Realtor, perhaps you should make sure your friends know what you do – conversationally.

MRED First Charter Member of Real Estate Standards Organization

Daily Morning Roundup – April 30, 2012

Here are some of the top real estate posts on the social networking sites this morning:

Further Proof the Real Estate Market is Coming Back – nice graph fr/KCM Blog – http://t.co/vMWm8YGs

 FTC Sets Conditions for LoopNet/CoStar Merger – http://t.co/qvcfvKcr

 Midwest Real Estate Data (MRED) First Charter Member of Real Estate Standards Organization (RESO) – http://bit.ly/JMC8tB

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