6 Ways to Sell a Home to a Generation That Doesn’t Believe in Home Ownership

I’m a part of Gen-Y, one of the most researched generations of people in history. We are known for fighting for individuality, not trusting corporate entities with our futures and are more mobile than any previous generation by way of advancements in communication technology that lets us work anywhere in the world.

So, then, how do you sell home ownership, ownership of an immobile piece of the planet, to a 76 million strong group of people who don’t follow convention? Stop following conventional wisdom when trying to sell it to them. Conventional wisdom no longer works. We are still people though and we do still have needs.

Here are six ways to attract Gen-Y buyers to your listings and make them lifelong customers:

Appeal to Their Sense of Community

Facebook, Twitter, Google+… The list goes on. Gen-Y is completely hooked on being connected to each other and sharing their life experiences along the way.

What makes the neighborhood around your home different? What can the buyer of this home do to contribute or be a part of their community? Are there start-up workshops where they can collaborate with other small business owners to ideate and work on projects?

Stop The Kitsch, Talk About Real Lifestyle Value

With new homes especially, we write listing descriptions that are usually a laundry list of features attached to a dramatic model nameplate like “Kentshire” below. Here’s an example I received via email from a home builder who is offering an unbelievable deal on their last remaining homes:

Rather than trying to impart value through fancy sounding model names, start by talking about what actually matters. Instead of listing off features, talk about how guests never need to go upstairs because there is a powder room centrally located between entertainment areas.

Is there high-speed internet available for people who work from home? If so, what different plans are offered in this neighborhood?

Can I walk to get takeout on a summer night or is driving always required?

Make The Investment Value of Your Listing More Obvious

“What can this home do for me?” That’s the question your Gen-Y buyers are going to be asking themselves before they buy. It’s no longer enough to be a place to rest our heads. Now that we see home ownership as a long-term engagement, how can this home evolve with me over my lifetime?

The best way to expound on this idea is to include projected home value over the next 5, 10 and 15 years. Altos Research, Zillow and Real Yields all help make this possible.

I really like Real Yields, co-founded by real estate investment extraordinaire Ryan Hinricher, because it makes it effortless to put your buyer in the real estate investment driver’s seat without a huge learning curve.

If your buyers can find a reason to own a home that isn’t just tied to the facade of the American dream, they’ll be much more likely to invest in one.

Become The Lifelong Advisor

The days of the one-time customer are over. Sites like Zillow and Trulia encourage agent reviews so today and tomorrow’s home buyers can make informed decisions about who they use to buy a home.

To earn the business of the next generation, the generation that determines your business trustworthiness based on the opinions of others, you need to elevate your game.

Work with other industry professionals (mortgage, law etc.) to build live, in-person and web-based seminars to help your clients grow their real estate knowledge and make better decisions about their financial investments. Imagine the business growth you’ll experience once you have a network of 15 – 20 homeowners turned savvy investors in your area.

Sell To Your Own Needs

Given the rough real estate market these days, it’s a challenge to sell a home in most markets. It’s significantly harder to sell a lifestyle and home if you don’t believe in it or live it yourself.

If you’re out in suburbia but would rather sell condos in the city, save up and make the move. You’ll have infinitely more success uncovering neighborhoods and selling homes you are passionate about than lugging yourself through rows of suburban center hall colonials that don’t interest you. When you love what you do your passion will shine through and your clients will want to work with you even more because of it.

Take Great Pictures

I left this one for last because it resonates with me most. Gen-Y grew up around and continues to use photo sharing services like Flickr, Instagram, Dribbble and Facebook. We love pictures. We also love to research which means we’re starting our searches online before we reach out to an agent. How do you engage a prospect who is researching and loves great pictures? Great pictures, of course.

The path to quality listing photos is clear: Hire a reputable home stager and a professional home photographer, combined with compelling copy (see point #2) and you’ll have a surefire way of connecting with the next generation of home buyers.

Photos also have the added bonus of being very shareable on social networks. Steph Davis, Corcoran Group NYC, shared a photo of one of her listings as she waited for a client to arrive to show the property (shown below.)

Although I don’t have the means or reason to live in the city, if I did you can bet I would have reached out to Steph to learn more about this property.

What are some ways you have successfully connected with home buyers?

 

Image Credits: Photo #1 – Robert Scoble | Photo #4 – VancouverFilmSchool

Why LinkedIn (Not Facebook) Should Fear Google+

LinkedIn has always been the “other” social network. We have Facebook for friends and family, Twitter for following like-minded people, brands and industry experts and LinkedIn for connecting to business-only contacts. Despite the fact that over 100 million people have LinkedIn profiles, how many actively use the network?

I think Google’s latest foray into social networking holds far more potential in becoming the business social network of choice than it does in killing off Facebook. Here’s why:

Google Circles Will Change The Way We Share With Everyone

I could not count on all my fingers and toes how many friends, family and colleagues have LinkedIn profiles who only have them to “be on LinkedIn.” We use LinkedIn profiles as a professional social network profile/online résumé. We count on it appearing in search engine results when someone with business intentions searches for our name.

Could a Google+ profile replace the need for a LinkedIn profile?

The idea that one network could be used among both personal and business spheres isn’t unheard of. However, up until now, it has never been expected to group your contacts into lists.

With Google Circles, organizing your contacts into groups is a core feature. Now that more people are familiar with the concept of grouping contacts into lists (see: Facebook lists and Twitter lists), Google Circles will make it easy to share with both your professional contacts and your friends/family who use the network.

But Google has far more in their business networking war chest. First, there are Google Places and Google Maps.

Google Places and Maps

How many times have you searched Google for a local restaurant seeking contact information, hours of operation and reviews? I do it all the time.

Google already offers Place pages to local businesses that they can then manage and update with photos. Along with Google Places, Google Maps brings in the StreetView perspective for a business and directions.

Continuing further still, Google also offers their AdWords advertising platform which could produce some very interesting results if it’s integrated with Place pages and Google+ accounts (think Facebook ‘Likes’ for Facebook Pages.)

Take all of the above into consideration: A Google Place page with reviews and details about your business, Google Maps that give directions to your office and list nearby businesses and AdWords where you can advertise your business to Google+ users with relevant interests and searches. You can see how Google would be well positioned to overtake Facebook’s business pages and LinkedIn as the social network for business owners and users.

Looking Ahead: How Google Could Bring It All Together

Image Search and Photo Albums

Google’s recently announced updated image search was mostly overlooked in the real estate industry. The potential that lies within uploading a photo of a locale and having Google return results with other images of the same place and matching website pages is huge.

The power of Google’s image matching search could amplify that by allowing photos tagged as local areas by Google+ users to be shown in Google’s image search results.

Could curating area photos be the next frontier in being seen as a local real estate expert?

Speaking of photos, the 800 lb gorilla in the room is Google’s Android mobile phone platform.

Android Phone Integration

Android is a huge player in the mobile phone market with 49.5% marketshare as of June 2011. Apple’s recent announcement of Twitter integration throughout their next iOS update, iOS 5, makes it all the more obvious why Google created Google+.

With Google+, users can upload photos from their Android phones to Google+ (similar to iCloud’s photo stream service) which is useful to agents wanting to create listing photo albums.

For consumers, imagine being able to take a live photo of a neighborhood and Google’s image matching search identifies and pulls up more information about it right on your phone. It’s a stepping stone between text search and augmented reality.

What Does It All Mean?

It’s still too early to tell where Google+ will ultimately lead but should it take off in a meaningful way, I think we’re in for a redefined “search” experience.

Have you signed up for Google+ yet?

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Update: Google has yet to renew their Twitter deal which allows them to show realtime search results based on what people are talking about on Twitter (example: Twitter chat about the Oscars.) Instead, Google cites Google+ as a possible alternative to Twitter‘s realtime conversation results. Something to watch…

5 Ways iCloud Will Change How Real Estate Teams Run Their Businesses

When it comes to technology, most agents (myself included at the time) use consumer technology to run their businesses because it’s less expensive and often easier to use than “business” level solutions. As Apple announced their new “iCloud” service yesterday I came away feeling like they just launched a game changer in the consumer technology industry.

Apple has built a system in iCloud where most media (photos, videos, music, calendar etc.) from your iOS devices (iPhone, iPod Touch, iPad) and computers (PC/Mac) is automatically shared and distributed to up to 10 devices that use your Apple ID, for free.

Here are a five ways this will change how real estate teams run their businesses:

iMessage – While you could previously communicate with your team through text message/MMS and third party apps, iMessage makes it easy to send group messages that include text, audio and video. With delivery and read receipts, you’ll know when messages get to the right people, when they’re read and if someone is typing a response to you.

Practical Uses: Communicating showing changes, coordinating open houses and planning events with your team in real-time.

Photo Stream – Part of iCloud’s free service offering is the ability to save photos to your photo stream for 30 days where you can access them from any of your devices. So, in other words, when you take a picture on your iPhone, iPod Touch or iPad it will automatically be sent to any other devices and computers that use your Apple ID. You can also add photos to your photo stream from a computer and have near instant access to them on your iOS devices.

Practical Uses: Send new listing photos to your team as you take them so you can cut down on the amount of time it takes to create marketing materials for a new listing. You could also ask your team to send listing photos to YOU so you can share samples of your work with a potential listing client, in their home.

Document Sync - If you have Mac computers and iOS devices, the new document sync feature in iCloud will be a huge timesaver. Using the iOS versions of Keynote (presentations; $9.99), Numbers (spreadsheets; $9.99) and Pages (flyer creation and word processor; $9.99), you can create and edit documents from your iOS device or on a computer. No matter where you make the edits, all of your devices will have the latest version automatically.

Practical Uses: Have your marketing person create a new listing flyer with photos you sent from your iPhone and have them save it to iCloud where you can make changes on your iPhone/iPad and send it back; all without having to be in the office or on a computer.

If you have contracts formatted in Pages, you’ll be able to get the latest paperwork sent directly to you. Taking it a step further, you could even collaborate with your marketing team to customize listing presentations and have them sent directly to your iPad.

Airplay Wireless Display – Using an Apple TV ($99) connected to a display, you can mirror your iPad’s screen on a much larger screen to display videos, presentations and more.

Practical Uses: Imagine meeting with prospective buyer clients for the first time and, using Airplay and an Apple TV in your office conference room, showing them videos of the neighborhoods they’re interested in and the homes you’ll be viewing that day. If you’re meeting a homeowner, you may want to bring the Apple TV along to connect it to their HDTV and present a multimedia presentation.

The Apple TV is very easy to use and is small enough to fit in most bags/briefcases. All you have to do is connect it to a power source, get it connected to the tv (HDMI only), internet (this is where a mobile tethering plan becomes useful!) and start your presentation. Now you can have a 50″ HD presentation showcasing videos, photos and your web presence that will help set you apart from your competitors.

Calendar Sync – Keeping your calendar in sync used to be a part of the MobileMe paid service but is now free with iCloud. Using calendar sync, you can add events to your calendar from a Mac or PC and have it automatically update your iPad, iPhone or iPod Touch.

Practical Uses: When you’re managing a real estate team, your calendar needs to be up to date with times that your team can schedule appointments for you so you can spend more time working with clients. Using the new calendar sync feature in iCloud, it’s easy for your team to schedule listing and buyer appointments and add events like home inspections and closings to your calendar.

What remains to be seen is how the thousands of iOS developers will take advantage of the APIs in iCloud. I think it’s very possible that we’ll see apps that allow you to send Excel spreadsheets and PowerPoint files, create panoramic photos and add them to the cloud and much more.

Do you plan to use iCloud in your business? Any potential uses I missed? Let me know in the comments below!

February Experiment: Altos Research

Fresh off our experiment with Heap CRM comes a new experiment for February: Altos Research. Twitter addicts, conference attendees and Lucky Strike Social Media Club members may already be familiar with Altos Research’s co-founder, Mike Simonsen. Besides being an all around nice guy he is also a known peddler of real estate data reports.

Before getting into Altos Research here is a refresher on what our monthly experiments are all about:

What Our Monthly Experiments Are Designed To Do

Each month we choose an online service or product that we’re going to try out over the next 28-30 days. These products/services are chosen at random though we are open to suggestions (let us know what you want to see put to the test in the comments below.)

After the experiment has been chosen we keep you up-to-date on how useful the product/service is for our businesses and whether it’s worth trying and/or paying for.

What is Altos Research?

Altos Research is a third party provider of real estate data reports. These reports include market statistics like pricing trends, whether it’s a buyer or seller’s market, recent activity by zip code (i.e. homes absorbed, number of new listings) and automatically updated website inserts that contain valuable market data for homebuyers.

Here’s an example of the automatically updated inserts on my website HouseMeetsOwner.com:

Why It Was Chosen

When RPR was introduced it rocked the real estate data world. There was even (what I consider to be) an exaggerated death knell for data providers like Altos Research because of the premise that RPR would be the all encompassing source for data real estate pros need.

Upon further digging into RPR I discovered this tidbit (emphasis added):

Members who register with a valid NRDS ID can access non-proprietary, non-MLS/CIE sourced data; however, only MLS/CIE Subscribers/Participants will be able to view MLS/CIE sourced information. There will be no public access to the RPR™, and the database and its data cannot be shared through consumer websites.

This reaffirms my belief that data providers still serve a purpose in our industry so I wanted to give exposure to that cause all the while putting one such provider to the test. Be sure to subscribe to OnlineRealEstate101.com by RSS or email to read about our experience with Altos Research over the next month!

Monday Q&A: What Is Screencasting?

Today’s question focuses on a video format that has been gaining a lot of traction outside of its traditional education-focused niche: screencasting.

Question:

“What is screencasting and how can I use it to get more sales?”

What is Screencasting?

Screencasting has been used by educators and trainers to teach students online for many years. In its most basic form screencasting is a video recording of the teacher’s computer desktop with an audio track that allows the teacher to explain what they are demonstrating in the video. That is an oversimplification of what screencasting is really capable of but as a definition it’ll do.

Here are a few real-estate specific examples of how to use screencasting in your business:

  • 1-2 minute video showcasing how to use your website’s real estate search.
  • Under 30 second clip showing clients how to open email links if they’re not formatted properly.
  • Explain market conditions using data reports on your desktop combined with a video from your webcam.

The two leading programs for screencast creation are Camtasia Studio (Mac and Windows) and Screenflow (Mac). You can usually save a few bucks on Camtasia Studio if you buy it at Amazon.com .

Each screencasting package offers a free trial so you can test the software, create some screencasts and see how you like the platform. If you do create a screencast be sure to post a link in the comments below so we can check it out!

Here’s a guide on what you can do with Screenflow from YouTube user SoldierKnowsBest:

Photo Credit: Яick Harris

This post contains affiliate links. Find out why we use affiliate links by clicking here.

Site Building 101: How To Build an Email Drip Campaign

This article is part five of a five part series on building a real estate website with WordPress. You can view the rest of the series by visiting our guide at the bottom of this post.

Earlier this week we talked about what an email drip campaign is and now here’s a more in-depth look at how to build one.

How Do I Set Up an Email Drip Campaign?

When building an email drip campaign you need two things:

  • Email Campaign Manager (see more below)
  • A Plan

After you choose a vendor it’s as simple as determining how many days you want between each email. How many emails do you send out and how often? Unfortunately there isn’t a one size fits all approach but general rule of thumb is to base it on how frequently you think a prospect needs to be “touched”.

For example, with website search registrations you would follow up with them by setting an intro email to send out to them immediately or, at the very most, within 1 day. Then follow up the next day with another email and a third email a couple days after.

In the pic below you can see an event template I created in Heap that links my first drip email to be sent out to a prospect within 1 day of being added.

So, what kind of campaign should you build? And, should you build just one or many campaigns for different niches?

Deciding What Kind of Email Campaign to Build

In the past I have used a single email campaign for all of my website search registrations with a fair amount of success. I opted to go with the single campaign route for two reasons: easy maintenance and because I wanted to have a drip campaign in action ASAP. From my experience I have found that most prospects typically respond to the first email or fourth email and, occasionally, an email in the 10-15th range.

Since you’re most likely just getting started, a nicely written series of short emails (all in one campaign) from you will suffice. Once you start receiving responses from prospects with questions you can use those responses to enhance your current campaign or as the basis for a niche focused drip campaign in the future.

Building a great email campaign is a matter of relevance. In other words, if you categorize your prospects well (e.g. townhouse buyers, relocation buyers etc.) you can create laser focused campaigns that delivers messages relevant to that prospect’s moving situation thus making them more likely to respond.

Personalizing Your Email Drip Campaign(s)

Mail merge is a feature that allows you to insert a variable into your email (e.g. [Prospect Name] which will pull your prospect’s name from a database and insert it automatically before sending) so each of your emails are personalized. Variables also allow you to change specific data like your phone number or email address without having to go through every email and change it manually.

Here’s an example of an email I wrote with variables in place (the CRM in the pic below is Heap):

Here’s what your prospect sees when they receive your email:

All the variables from the first email look flawless in the prospect’s version. Okay, everything except the “Talk with you soon,” double entry. :) That’s a good reason to sign yourself up for your drip campaign so you can catch any oversights before it hits a potential client’s inbox.

In the above example I used Heap CRM to send out my drip email. There are a number of companies to consider which are reviewed in detail below.

What is an Email Campaign Manager?

An email campaign manager is a web-based company that will coordinate your drip campaigns, handle unsubscribe requests from prospects who are no longer interested in receiving your emails and ensure your email address stays off ISP spam lists.

The benefit of an email campaign manager is in spam/ISP management. When you’re busy listing homes for sale or working with 5+ buyers it can be easy to forget to remove a prospect from your email campaign.

Email management companies automate this entire process for you by no longer sending emails to prospects that opt out. They also make sure email providers like AOL and Yahoo! don’t blacklist your email campaigns. If that happens all of your drip emails to future prospects using their service will automatically go into junk mail which is a VERY bad thing.

Some real estate search vendors offer a drip email tool in their administrative dashboard making it very easy to distribute emails to your leads. If not, there are a few third party tools worth checking out.

Third Party Email Campaign Manager Recommendations

Heap CRM - Heap is the best all-around campaign/prospect manager. You can run email templates, event templates and keep track of prospects from one interface. At $9 per month it’s also the most cost effective implementation of the two.

The only downside I noted with Heap’s drip campaign management is the lack of unsubscribe features including instant removal once a prospect decides to opt out of your campaign. This could put you in hot water (see above) pretty quick if you’re not careful.

Heap CRM Cost: $9 per month per user.

MailChimpMailChimp scores points as the coolest looking and most fun to use email campaign manager. Not only do they keep your email delivery rate high but they also have a pretty simple interface to work with.

MailChimp’s autoresponder tool (for drip campaigns) isn’t the most intuitive that I’ve used. I have a strong preference for Heap’s tool but I appreciate the value of MailChimp’s ISP/unsubscribe management.

If you already use 37signals’ Highrise HQ you’ll be thrilled to know that MailChimp makes it easy to import your contacts from Highrise to MailChimp for drip campaigns.

MailChimp Cost: Free up to 500 subscribers. Pay-as-you-go plans offered and monthly plans from $10/month.

Aweber - Aweber is the reigning king of campaign management tools and for good reason. Setting up a drip campaign is simple and straightforward but Aweber’s integration with customer relationship managers (i.e. Heap, Highrise) is notably absent. Still, at $19/month it’s yet another affordable solution.

Aweber Cost: $19/Month and up.

If you enjoyed this post be sure to check out the rest of our Site Building 101 series below:

Site Building 101 Series:

1. Introduction to Building Your Real Estate Website With WordPress (Includes Cost Summary!)

2. Choosing a Domain Name and Web Hosting

3. Designing Your Website

4. Selecting a Great Real Estate Search Vendor

5. You’re here!

Photo Credit: jonrawlinson

This post contains affiliate links. Find out why we use affiliate links by clicking here.

Site Building 101: Selecting a Real Estate Search Vendor

This article is part four of a five part series on building a real estate website with WordPress. You can view the rest of the series by visiting our guide at the bottom of this post.

You have one goal when building your real estate site: to generate leads. Converting web visitors into leads is the single most important function of your website because that’s the only way you can make sales so, when compared to everything else, visitor to lead conversion is paramount.

I can’t stress the importance of this enough because your website’s biggest lead generator, by far, will be your real estate search powered by the vendor of your choice. What can you do to maximize the lead generation potential of your search? Read on…

The Five Questions That Will Save You Hundreds Of Dollars

There are a ton of real estate search vendors out there. Before making a choice ask yourself these five questions about each vendor:

  1. Does their search product load fast? – Visitors don’t wait to view results. If it doesn’t load quickly your prospects will happily click away to a competitor who sprung for the fast loading search.
  2. Is the search interface easy to use? - If you can’t tell ask someone who is completely unfamiliar with computers to use each search to locate a home for sale in a specific area.
  3. Are there any fail-safes built into the system? - What happens if your particular search page stops loading or, even worse, fails to update the list of homes for sale on your site each day. Will your vendor know that their search has failed or will you have to discover it first?
  4. How easy is it to integrate their search into my website? - Does the search vendor offer multiple preset page widths that you can easily integrate into your website? Are there any search plug-ins available for popular website management platforms like WordPress to make integrating their search into your site easier? Finding a search is half the battle. Making it look classy and designed to fit your website’s style is the other half.
  5. Is there any way to edit my listings on a map or change incorrect address information? – As a new construction specialist this irks me to no end. When properties are new they don’t appear on Google Maps or other mapping services for a few years. In the mean time, you need to make sure you are accurately showcasing your listings including attributes like location on a map and correct city name. Sometimes mapping services will just find the closest address to the street name of your new homes even if it’s in an entirely different city.

My Search Vendor Recommendations and Experience Points

I have personally used two real estate search vendors: iHouseWeb (2007-2008) and Diverse Solutions (December 2008 – present) on HouseMeetsOwner.com. In my experience iHouseWeb was okay (just okay) but their real estate search was pretty slow. On the plus side, their customer service was decent and they upgraded their service to 3.0 shortly before I cancelled my subscription and moved over to Diverse Solutions.

Although I still use Diverse Solutions now it was a rocky road throughout my first year with them because point #3 above, built-in fail-safes, is a lesson I learned while using their search product. I ended up discovering my search hadn’t been updated since late June 2009 at the end of August 2009. It then took another week and a half just to get it fixed.

In 2003-2006 it might not have been that big of a deal that their search product hadn’t updated my database of homes for sale in months because prices were on the rise and buyers were plentiful. In 2009, however, when we were seeing double-digit price drops year-over-year practically every month, it was a crippling blow to my business.

That said, I do still recommend Diverse Solutions for two reasons: as of this writing there isn’t a better real estate search solution out there and DS’ product has been working quite well for me since they fixed it in September ’09. It seems they have also worked on improving customer support (one of their major drawbacks in my experience) in the Fall of 2009.

Update 2/28/2010: Diverse Solutions’ IDX failed to update listings on my website, HouseMeetsOwner.com, for the past 18 days which has gone unnoticed by myself and the DS staff. Because this type of failure can have a major impact on your business I have removed DS from my recommended list below.

So, Who Do You Recommend?

Play with every search product out there and choose the one you are happiest with. Here are a few good places to start:

If you enjoyed this post be sure to check out the rest of our Site Building 101 series below:

Site Building 101 Series:

1. Introduction to Building Your Real Estate Website With WordPress (Includes Cost Summary!)

2. Choosing a Domain Name and Web Hosting

3. Designing Your Website

4. You’re here!

5. How to Build an Email Drip Campaign

Monday Q&A: What is an Email Drip Campaign?

Stepping into the second week of our Site Building 101 series, today’s Q&A is all about email drip campaigns:

Question:

“What is an email drip campaign?”

An email drip campaign is a series of automated emails that are sent to your database of leads at a pre-determined pace. For example, you can create a drip campaign that will automatically email your leads a pre-written email from you 1, 3 and 5 days after they first inquire and then once a week thereafter.

Using mail merge features you can even customize your automated emails to include your prospect’s first name and other important variables about their specific needs (i.e. homes in Warwick, NY or wherever they first started their search).

Why Should I Have an Email Drip Campaign?

The biggest reason: You’ll close a lot more prospects from your lead database than you would have without a drip campaign. This occurs because a drip campaign continues to follow up with prospects for weeks, months and years while you continue working with RWA (ready, willing and able) customers.

As an example, think of your lead database like seeds in a garden and your drip campaign is like a timed sprinkler system. Once you’ve planted the seeds you keep watering them until they mature (or in a lead’s case: when they’re ready to buy or sell) and then reap the rewards.

The key to drip campaigns is that it automates this entire growth process for you while still remaining personalized for each prospect. By doing this you’ll have a never ending supply of RWA buyers and sellers within 12 months and every month thereafter for as long as you work in real estate. Not a bad return on investment! :)

Later this week we’re going to dig deeper into how to build an email drip campaign as the final part of our Site Building 101 series.

Photo Credit: laszlo-photo

Site Building 101: Designing Your Website

This article is part three of a five part series on building a real estate website with WordPress. You can view the rest of the series by visiting the guide at the bottom of this post.

The design process is the most exciting part about building a new website. Whether you go with a free, premium or custom theme (website design), your design options are virtually limitless with WordPress. We’re going to review the pros and cons of all three aforementioned options and how/when they should be used on a real estate website.

Free WordPress Themes: No Cost

The best, most trustworthy place to find free WordPress themes are at WordPress.org’s free theme repository. Another excellent resource can be found at Smashing Magazine where they frequently offer high quality WordPress themes for free.

Pros: The themes are free, some rival premium themes in quality.

Cons: Very limited selection for business users like real estate agents. Little to no support offered if you run into problems with a theme. Many free themes require that you leave the footer links (links at the bottom of the website) intact to promote the company that created the theme for free.

Premium WordPress Themes: $60 – $100

Premium themes strike the perfect balance of being inexpensive while still maintaining the high quality standards of a custom WordPress theme. There are a growing number of niche real estate themes being offered by WordPress developers like AgentPress, Gorilla Themes’ Broker, Open House and Smooth Real Estate and Agent Theme by StudioPress.

Pros: Nominal cost for a high quality WordPress theme (many with options tailored towards real estate agents) that offers web-based support to help you get up and running. Most theme licenses allow you to remove footer links making your website look much more professional. Multiple color schemes in some themes helps keep your website looking unique.

Cons: Minimal cost for a theme could lead to other agents in your marketplace using the same design for their website. Some premium themes still require more customization after purchase to make it match your brand/style.

Custom WordPress Themes: $2,000+

Custom WordPress themes are the crème de la crème of website design. Most agents and independent brokerages would be wise to start off with a premium theme and build out your web presence first before pursuing a custom website. Medium to large brokerages and top producers who insist on one-of-a-kind branding and website styling are better suited to custom design.

Pros: Totally unique website design which is great for brand identity. Custom features can be added to your site like an integrated listing search system and enhanced photo galleries for your listings.

Cons: Significantly more expensive than a do-it yourself premium theme. May come with pricey monthly or yearly maintenance costs.

If a custom website design sounds ideal check out Real Estate Webmasters and Dakno. Both are leading real estate website design firms used by top agents like Jim Olenbush and Kevin Tomlinson.

For brokers and agents who love the cost of premium themes but want a more custom look for their site there is a hybrid option: purchase a premium WordPress theme and then hire a designer to modify it to your specifications.

You really can’t go wrong with a premium WordPress theme or, if your budget allows, a custom website. Once you decide on which path to take there are a couple tips to keep in mind:

1. Use caution with free themes. - Most free themes aren’t really sufficient for use on a business website. This is mostly because free themes tend to be poorly designed or offer little to no support. I would only recommend using a free WordPress theme if it’s of very high quality and is from a trustworthy source (WordPress.org).

2. Know what you’re getting BEFORE you buy. - Find out how the product/service provider will answer your support questions before purchasing their product. Also, don’t be afraid to spend an inordinate amount of time playing with a theme to make sure it’s the right design for you.

If you enjoyed this post be sure to check out the rest of our Site Building 101 series below:

Site Building 101 Series:

1. Introduction to Building Your Real Estate Website With WordPress (Includes Cost Summary!)

2. Choosing a Domain Name and Web Hosting

3. You’re here!

4. Selecting a Great Real Estate Search Vendor

5. How to Build an Email Drip Campaign

Photo Credit: Torley

This post contains affiliate links. Find out why we use affiliate links by clicking here.

Site Building 101: Choosing a Domain and Web Hosting

This article is part two of a five part series on building a real estate website with WordPress. You can view the rest of the series by visiting the guide at the bottom of this post.

Today we’re going to touch on the two most important parts of a website: its domain name (i.e. www.yoursite.com) and the web host you choose to deliver your site to visitors.

Domain Name

Your domain name represents your business brand so the bulk of your time building a website should be spent deciding on what you want your domain name to be and what kind of content you’re going to have on your site. Most obvious domain name choices (i.e. MadisonWIrealestate.com) will be taken already so you’re going to have to get creative. Here are three tips to help you create a memorable domain name:

1. Make sure your domain name is short and easy to remember. - When I created my first real estate site it was http://www.realestateinthenycsuburbs.com. Wha? Exactly. Too wordy and not easy to remember. Although a bit more abstract, http://www.housemeetsowner.com is shorter and much easier to remember. It also builds helps build my brand should I ever opt to create an independent brokerage.

2. Don’t use your name or something that can’t be sold in the future. - This is a personal preference but I think it’s short sighted to build a web presence using yourname.com. If you ever wanted to sell or lease your real estate business/assets in the future it’ll be very hard to rebrand your site from yourname.com to the new owner’s name.

I like Sue Adler’s approach to her newest site, http://www.njexperts.com, because it has a lot of flexibility and can be resold to any brokerage/agent in the state of NJ should she relocate in the future.

3. Skip connector words that are easy to leave out and hyphens (example: in, the, and). - When you compare www.realestateinthenycsuburbs.com to www.housemeetsowner.com you can see how memorability changes between the two. The connector words like “in the” aren’t as easily remembered and more apt to be left out. Ideal domain names are three to four words, maximum.

Where to register domain names: I have a strong preference for GoDaddy.com when it comes to domain purchasing and management for two reasons: GoDaddy is one of the leading domain registrars in the world so you know they’re trustworthy and they have a user friendly interface to manage your domain names. All of my domains are registered and managed through GoDaddy.com.

Web Hosting

Choosing a web host, the company that serves your website to visitors when they visit your domain name, is the most important part of building your website. A reliable web host will ensure your website is up and running 99.9% of the time meaning you maximize the potential of converting visitors to leads.

Not all web hosts are created equally. I moved from three previous hosting companies before finally settling at Dreamhost which I’m quite satisfied with.

The top three things to look for in a web host are:

1. Excellent uptime and reliability (99.9% minimum).

2. Even better customer service. – Send in a few questions to the sales department via email and see how long they take to respond. This is a better way of gauging customer service because Googling reviews of hosting companies tends to lead to unscrupulous affiliate websites with fake reviews and recommendations.

3. Easy to use control panel. – Most hosting companies use cPanel which is pretty decent. Dreamhost has a custom control panel that I find to be a bit nicer and easier to use when it comes to things like one-click WordPress installs and creating website email accounts.

All of the popular hosting companies offer some type of unlimited hosting or similar that’ll suit the needs of most real estate sites.

Hosting Recommendations

GoDaddy.com - I’ve used GoDaddy in the past and their hosting is a great value at $5.59/month but their server PHP was still at 4.3 while every other host used PHP 5 and I didn’t love their customer support as a more advanced user. If you don’t know or care about PHP then GoDaddy should be fine.

GoDaddy is the best choice for absolute beginners because you won’t have to change your website’s name servers and you can manage your website all from GoDaddy’s control panel. You can get a 1-year domain registration for $1.99 if you buy it with a GoDaddy hosting plan.

Dreamhost - Dreamhost is my favorite web host because their customer support is amazing (most hosting companies won’t advise you on issues with WordPress, Dreamhost will) and they have the best dashboard for website management. Combine their excellent customer support with frequently updated servers and a nice dashboard and you can see why I prefer the service. Dreamhost web hosting starts at $5.95/month.

Money Saving Tip: OnlineRealEstate101.com readers can save 20% off a yearly hosting plan with Dreamhost by using promo code ORE20OFF.

Click here to learn more about Dreamhost.

If you enjoyed this post be sure to check out the rest of our Site Building 101 series below:

Site Building 101 Series:

1. Introduction to Building Your Real Estate Website With WordPress (Includes Cost Summary!)

2. You’re here!

3. Designing Your Website

4. Selecting a Great Real Estate Search Vendor

5. How to Build an Email Drip Campaign

Photo Credit: Jamison_Judd

This post contains affiliate links. Find out why we use affiliate links by clicking here.