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Case Study - Agent
Nestled deep within a sprawling gated community, more then two miles from the entrance and tucked away in a quiet cul-de-sac, lay a unique property presenting a challenge to even the most experienced real estate agent. Mose T. Rhodes, a top-performing agent in Central Texas, faced this daunting task: selling a home amidst rising interest rates and a secluded location.
Enter Buyer Reach, a cutting-edge platform designed to revolutionize lead generation in the real estate industry. Undeterred by the challenges, Mose embraced this innovative approach, leveraging its capabilities to unlock the full potential of his listing.
Just How Effective is a Buyer Reach Smart Code
Ah, summer 2022. Remember when real estate was frenzied offers and every house had a bidding wars? Yeah, good times. Then the Fed, bless their inflation-fighting hearts, threw a bucket of ice water on the whole shebang. Interest rates climbed overnight, home sells went from "hot potato" to "lukewarm soup," and buyers suddenly turned as scarce as free parking in a downtown Austin. Multiple offers? More like multiple crickets.
Here are the paramatters of the lisitng:
- Motivated Sellers
- Sellers moved out out state
- Price to sell
- Gated community
- New home builders within a mile of the listing
Curiosity and the Path to Conversion
Finding Interest off the Beaten Path
Located six minutes from the main entrance on a low-traffic cul-de-sac within the gated community, the property presented a challenge: potential buyers rarely strayed far from the community's entrance. Buyer Reach's interactive marketing strategy aimed to capture leads at the source.
Human Nature
20 years ago the single biggest driver of attention for a listing was a sign. A sign with a phone number to an office that an agent would answer. Times have changed. Someting that hasn't changed is consumner behavior. People still like to drive in communities they love. Fortunate for Mose this home was in an active community. New home builders were still actively builidng and marketing the commuity. Although, these builders we not in the same area of the community human nature doesn't change.
Back to Basics with a Twist
The problem Buyer Reach solved is how to transform a casual passersby into engaged prospects. We use of customizable smart code technology to engage at the spark of interest. Engagement that goes from curiosity to building your book of business.
How did the Buyer Reach Smart code fair in this this market?
Pretty Darn Good
Buyer Reach Smart Codes reached 84 prospects during hte duration of the listing. Compare that to 1 that MLS brought in. Yes your read that right, 1.
How much does MLS cost in your market?
Conversion Rate?
You Bet
Each Scan Converted to a visit to a home specific webpage. Of those 84 visits 29 visitors proactively contacted Mose for more information. Thats a whopping
34% CONVERSION RATE!
Consideration
Mo Money | No Problems
When was the last time you had 29 buyers reach out ot you?
Does anyone take phone duty anymore?
Additional analytics for your sellers