Note To Sellers, Buyers are Looking Online for Homes Not the Newspapers
If you are selling a home, here is a tip. Advertise online quickly and you will be ahead of your competitors and also in front of your potential customers. Real Estate classified advertising spending is moving online, but sellers tend to want their agents to advertise in print first, then head online. Meanwhile, buyers start and typically stay online.
And the real fly in the ointment is Craigslist where except for a couple of markets, advertising online is free. Thats right, free. I wonder if Craigslist started charging what the ratio would be,
REAL ESTATE CLASSIFIED SPENDING IN 2006 will reach $7.75 billion, according to market research firm The Kelsey Group. Of the total, 44.3%, or around $3.43 billion, will come from online listings, paid search, newspapers’ Web sites and other online sources.
“Clearly, the underlying buyer and seller trends suggest we are reaching a tipping point regarding the transition of ad dollars from offline media to online media,” said Matt Booth, Kelsey Group senior vice president and program director, interactive local media and marketplaces, in a statement. via MediaPost Publications
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by John C on 11 November 2006:
Unfortunately its not only home sellers who do not know where to advertise to find buyers. Too many realtors are also not aware of the best avenues to locate buyers.
A recent survey of technology and marketing trends revealed that 79 percent of realtors use printed media to attract buyers. The same survey also showed that 78 percent of buyers go the internet to find the home the intent to buy.
Pingback by “Blog Networks Series” Part 1: The Most Powerful Marketing Secret Real Esate Brokers Must Understand « DeansGuide on 15 March 2008:
[...] to prolific blogger Tommy of therealestatebloggers.com’s insightful article “Note To Sellers, Buyers Are Looking Online for Homes Not the Newspapers” ad revenue is down in the print media due to the influx of blogs providing valuable, free, time [...]