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2. The Buyer. In Order to Attract Potential Buyer Clients, You Must Know the Answer to:  Who are the buyers?  Where do they hang out?  What do they.

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Presentation on theme: "2. The Buyer. In Order to Attract Potential Buyer Clients, You Must Know the Answer to:  Who are the buyers?  Where do they hang out?  What do they."— Presentation transcript:

1 2. The Buyer

2 In Order to Attract Potential Buyer Clients, You Must Know the Answer to:  Who are the buyers?  Where do they hang out?  What do they see, read, and hear?  How do they gather information?  What services do they value?  How do you make contact? Page 18

3 Buyer Profiles Information Sources Used in Home Search All Buyers Age 18 to 24 Age 25 to 44 Age 45 to 64 Age 65 + Internet87%92%94%82%56% Real estate agent858886 81 Yard sign6263646156 Open house4834485146 Print newspaper ad4750455149 Home book or magazine3031303120 Page 19

4 Closer Look at Internet Searchers  Most likely a married couple  Median age: 37 years  Median income: $77,300  Length of search: 10–12 weeks  Before contacting an agent: 2 weeks  Visited 12 homes Page 19

5 What Buyers Want Page 20

6 Discussion Question >In groups, brainstorm at least 2 additional ideas for the category (Find the right home, Negotiate price and terms…) that is assigned to you. Page 21

7 Success Stories Page 22

8 Blog Post Page 22

9 1 st Step in the Home-Buying Process Looked online for properties 1 2 3 Contacted a real estate agent Looked online for info about the process Page 23

10 Assistance  Make process easy and quick  Streamline procedures  Communicate respect for client’s time  Offer ways to help buyers through the process Page 24

11 Accessibility Communicate with buyers based on their preference Make yourself available Offer multiple ways to contact you Respond promptly Provide information buyers want Page 24

12 Transparency >Buyers want to be active participants >Want to know what is happening and how at every stage Houston Association of REALTORS  Agent Ratings Page 26

13 Autonomy  Buyers initiate transaction on their terms and timeline  Buyers want anonymity and independence  Agents should offer information freely to remain top of mind Page 27

14 Discussion Question >In groups, brainstorm at least 2 additional ideas for the category (Assistance, Accessibility, Transparency…) that is assigned to you. Page 29

15 Permission Marketing  Traditional techniques rely on interruptions  Permission marketing based on consumers opting in  Consumers give companies permission to contact them in return for something of value Page 30

16 Helpful Information Postcard Page 31

17 Accessibility: Call to Action Options Page 31

18 Exercise: Buyer Challenges and Solutions >Challenge 1: Live in fast-paced, technology-driven world >Challenge 2: Stressful jobs and personal lives/time pressures >Challenge 3: Limited resources >Challenge 4: ________________________________ Page 32


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