May 14 2013
Guest contributor Properties Online says:
2012 was a big year for mobile technology and social media use – especially in the real estate sector. Mobile technology has been called a 'Game Changer' for the modern REALTOR®, and social media offers a promising return on investment. Let's take a closer look at just how real estate agents are using mobile technology and social media.
The most popular device purchased by real estate agents in 2012 was a smartphone (44 percent), followed by tablets (27 percent) and laptops (19 percent). According to Pew Research's study "Mobile is the needle; Social is the thread," internet use in the U.S. has increased from 14 percent to 82 percent since 1995. Eighty-five percent of adults in America have a cellphone, of which 45 percent use smartphones, two-thirds are wireless internet users, and slightly over 66 percent of online adults use social media.
Real estate is about relationships and locations – it is not best served by being chained to an office or a desk. Mobile technology frees the real estate agent to work and connect with clients where ever and whenever.
In its survey and report, the 2012 Use of Mobile Technology and Social Media, the California Association of REALTORS® (CAR), discovered that "close to two-thirds of the survey respondents measure ROI based on referrals, followed by leads, friends or followers, and website visits ... In addition, social media provides a relatively inexpensive (and in some cases free) form of advertising ... This could also be the reason why 66 percent of REALTORS® consider social media an integral tool in a marketing plan."
Social media is relatively new to many real estate agents and brokers. It's been around 10 or so years, but its mainstream use is much more recent. The CAR survey found that 62 percent of REALTORS® consider themselves social media beginners. But that simply tells me that there is a lot of progress to be made – and a lot of leads waiting to be captured.
In fact, 90 percent of home buyers indicated they are receptive to receiving information about the home buying process directly from their agent via social media!
The biggest takeaway is this: "The real estate business is also very much a relationship business, requiring great customer care and sales expertise. Having the tools that allow agents to be aggressive as well as keeping in constant communication with customers provides great advantage."
SOURCE: The California Association of REALTORS®: 2012 Use of Mobile Technology & Social Media
To view the original article, visit the Properties Online blog.