International Listings, an search portal for global luxury properties, has put together a very clever marketing device they’re calling their Real Estate Marketing Report Card.
The idea is pretty simple; a seller can punch in their address and listing price and the system will quickly check a handful of real estate search destinations to make sure the home is displayed and the price is accurate.
(It’s missing Realtor.com oddly enough – but this is probably due to the FSBO element of the IL site)
It’s a great promotional tool – one that’s clearly designed to encourage people towards listing their home on the site (a $299 one-time fee).
The proliferation of consumer search portals has given rise to all kinds of syndication tools like International Listings as well as Listhub, Postlets, vFlyer, Point2 and others, that do the heavy lifting for agents and brokers to get their listings out across the web.
Savvy sellers, who in this market are going to want to see that their agent is doing all they can to move their home, are likely going to be checking the various search sites to make sure that they find their house. A tool like this one, while clearly a gimmick, helps make that possible.
What I’d really love to see is a big brokerage implement something similar on their site — it would be a fantastic way to build engagement with consumers by letting them come to your corporate site and see how their listing is doing. Keller Williams, who has their own internal listing syndication tool (KWLS), would be a natural fit for this kind of application.
Even better, find a way to white label the technology and brand it for every single one of your agents to deliver monthly to their clients; a full report of where the home is listed and activity on each of the sites.
In this market, consumers are starting to demand accountability. Best get ahead of the curve and figure out ways to support them.