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Apr 08
2007
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Realtor Home Theater
Video podcasting gives clients’ listings star billing.The house was in a high-traffic area and was snagging plenty of showings, but few people who toured the listing could get past its green countertop. Attracting a larger universe of interested buyers might make the difference.
So Jorge L. Guerra Jr., broker-owner of Real Estate Sales Force in Coral Gables, Fla., made a video of the home, which he posted on sites such as Google Video and e-mailed as a video podcast to customers. Shortly afterward, the property’s listing agent received 50 calls, including three from people who weren’t put off by the countertop. One of those prospects bought the house.
“Instead of showing the home 50 times, my associate showed it three times,” he says. “And hits on my Web site and on my videos were in the thousands.”
The podcasts are one to three minute property videos that can be viewed on a cell phone, video iPod, or computer. Unlike virtual tours, which Guerra compares with “looking through the bottom of a Coke bottle,” the podcasts move viewers through a home, beginning with the entryway. Close up shots highlight important features; music sets a dynamic tone.
The podcasts are a marketing tool that potentially never stops working. “They’re e-mailable, downloadable, and ‘subscribable,’ ” he says. “You can literally be showing that listing 24 hours a day anywhere in the world.”
Sellers tend to become helpful marketing allies, too, because they like to send the video to their friends and relatives.
Video podcasting is one of the main ways Guerra differentiates his company from the competition in the crowded Miami and Coral Gables market area. And he believes it’s largely been responsible for his company’s ability to attract one new associate per month, on average, since 2005 without recruiting.
Today, he has 18 associates, up from four before his launch of the podcasts. Guerra was expecting to close just under $38 million in sales volume for 2006, up by about $2 million from 2005.
He caught the video bug a couple of years ago and applied it to his business after viewing short films made by a friend, a graduate of the New York Film Academy. Inspired to incorporate video into his marketing, Guerra took an online course on video editing, and an IT friend showed him the technology for integrating video into Web sites and distributing his video electronically.
“Coming off the housing boom, people are saying, ‘Why should I list with you?’” he says. With podcasts, his associates are averaging two new listings a month, he says. And time on market has stayed surprisingly short, about 40 to 60 days. The podcasts have also proven effective for converting FSBOs.
“I get hits on my Web site from Australia, Italy, South America, and Canada, and my analytics tell me they’re all coming from Google Video, iTunes, MySpace, and Craig’s List,” he says. He expects the podcasts to become even more popular once he launches a video magazine podcast in which he’ll discuss real estate topics.
“Video podcasting is the newest angle that movers and shakers will have to incorporate,” he says. “Buyers are going to expect this, just as they expect photos in the MLS.”
Original Article Source: http://www.realtor.org/rmomag.NSF/pages/forbrokersCTWfeb07?OpenDocument

