New Report Shows Real Estate Agents are Increasing Reliant on Social Media Marketing

Whereas the pandemic is inflicting main financial impacts, the actual property {industry} remains to be booming in lots of markets, with home costs skyrocketing in Q2 of 2021. That, in flip, has elevated competitors inside the sector, and with over 3 million licensed actual property brokers within the US alone, the race to face out is extremely fierce.  

Brokers want to determine an edge, wherever doable, to maximise their efficiency, and lots of are discovering that efficient social media utilization can provide them that push, and increase their reference to each consumers and sellers. 

Certainly, in July 2021, actual property writer The Shut performed a survey of 135 actual property professionals, with the outcomes indicating that almost all (60%) of brokers now really feel that social media is much more vital than their very own web site for his or her advertising and marketing and outreach efforts.

In fact, social platforms can facilitate extra attain than a person model web site, so the discovering right here will not be a complete shock. But it surely does counsel that actual property professionals have to take social media advertising and marketing extra critically, and put extra give attention to social promotions and connection the place doable.

Which, given this subsequent stat, factors to a major hole within the present market. 

Regardless of the vast majority of brokers acknowledging the significance of social media of their course of, many nonetheless lack the boldness and expertise to maximise that potential, with solely 35% of brokers feeling assured with their on-line advertising and marketing expertise. 

Staying on prime of social media tendencies can usually show difficult for brokers who’re juggling all their different day-to-day duties, with fixed platform updates, algorithm shifts and completely new apps approaching the scene, persistently complicating issues.

Understanding greatest practices, then, is an ever-evolving course of. Some brokers have sought to deal with this want with industry-specific eBooks and explainers. However because the numbers present, it stays a key space of concern.

The examine additionally means that video could be a key method for brokers stand out, with 79% of respondents noting that brokers who use video on social media generate higher influence than those that do not.

Many savvy brokers are embracing video advertising and marketing, and with Instagram not too long ago noting that it is increasing its focus to include extra video content material, that additional underlines the necessity to align with such, and faucet into the newest utilization tendencies.

Along with this, 73% of sellers say that they are extra prone to listing with an agent who makes use of video. 

Actual property brokers are discovering extra methods to faucet into the video content material pattern, with neighborhood overviews and different informational parts, along with conventional property walk-throughs and model belongings.

Some are even now tapping into newer platforms, like TikTok and Instagram Reels, for his or her property advertising and marketing.

Standing out on social media is prime of thoughts for brokers as a result of it helps them obtain their main goal – getting new purchasers. 64% of brokers say they may get extra purchasers from social media in 2021 than 2020. This stat is particularly spectacular, given lots of them do not feel overly expert at on-line advertising and marketing.

This stat explains why the bulk (60%) additionally stated that social media is extra vital to brokers than their web site for his or her advertising and marketing.  

The info is obvious, actual property brokers that need to maximize their potential in 2021 must be using social media as a method to speak their model and listings, and construct related connections with their viewers. And video is the important thing medium of alternative. The capability to study extra a few property, from the consolation of your sofa, is a key profit that social platforms can present, and assembly these audiences the place they’re already spending their time will also be a key driver in inspiration motion, and prompting extra leads.

Will brokers finish 2021 much more assured with their on-line advertising and marketing talents? Given the significance of social for getting new purchasers, bold brokers will emerge as competent on-line entrepreneurs.