The Agent’s Handbook to Real Estate Marketing Strategies

Research conducted by the National Association of Realtors reveals that a staggering 87% of home buyers rely on real estate agents for their transactions. This prompts an important question: why weren’t you their chosen agent? The key lies in effective real estate marketing strategies and how you are advertising real estate listings. 

When it comes to real estate marketing, it’s all about being versatile. You’ve got to cast a wide net to reel in those clients. That means constantly drumming up leads from all sorts of places to keep your business thriving.

For someone looking to invest in marketing for real estate agents, the first step is choosing what kind of strategies you want to employ and invest your time in. Then, you write these ideas down, set goals, and pair these with your real estate marketing plan. Feel free to spice up your realtor marketing strategy with some of your own ideas to advertise real estate!

What Is Marketing for Real Estate Agents?

Real estate agent marketing includes promoting services and properties through online and offline ads, social media, networking, compelling listings, open houses, and community relationships. The aim is to attract clients, build credibility, generate leads, and close transactions successfully. Effective marketing for real estate agents will contain several key features, such as:

  • Budget
  • Market research
  • Target audience
  • Marketing strategies
  • Competitor analysis
  • Product or service information

When crafting realtor marketing plans, detail is key. Comprehensive demographic info, data, and analyses keep you accountable and guide your team towards goals. Investors also rely on your marketing plan to gauge investment potential.

How to Advertise Real Estate

To advertise real estate effectively, use high-quality photos, engaging descriptions, and virtual tours to showcase properties online. Then, leverage your real estate marketing strategies for social media, email marketing, and real estate listing sites to reach a broad audience. Combine digital efforts with traditional methods like print ads, open houses, and community events for maximum exposure.

What are the 4 P’s of real estate marketing?

In the context of real estate marketing, the traditional 4 Ps of marketing (Product, Price, Place, and Promotion) are often adapted to suit the industry:

  • Product: Refers to the properties themselves, including their features, amenities, location, and condition.
  • Price: Involves setting the right pricing strategy for properties, considering market trends, competition, and the property’s unique attributes.
  • Place: Focuses on the distribution channels and the locations where properties are listed and promoted, including online platforms, real estate agencies, and physical signage.
  • Promotion: Encompasses the various real estate marketing and advertising tactics used to promote properties, such as online listings, social media marketing, virtual tours, print advertising, and open houses.

Why Strategic Real Estate Marketing is a Good Plan

A marketing plan, like a real estate business plan, can help you identify the goals you want you and your business to achieve. But why is marketing for real estate agents a good plan? 

Real estate marketing plans can lead to:

  • Client satisfaction: Your clients are the backbone of your business. As a real estate agent, you need to ensure they’re satisfied, and a detailed real estate marketing plan can help you operate your business smoothly to ensure clients are satisfied throughout every stage of the home buying and home selling process.
  • Increased profits: The primary goal of every business is to increase profits year after year. To make this happen, you need a plan in place, and that’s where marketing for real estate comes into play. Through marketing, you can reach a broader audience to sell your services to, which can eventually generate more leads that convert into lifelong customers.
  • Future growth: Because a real estate agent marketing plan outlines the goals you want to achieve throughout the year, you can plan for future growth. Scaling your business can be challenging without the right systems in place, but with a detailed plan, you know what milestones you need to reach in order to succeed.
  • Adaptability: Sometimes, plans don’t always go the way you intend them to, as external factors, such as a pandemic or economic collapse, can impact your industry. By having a real estate marketing plan in place, you’ll be able to make corrections when needed to keep your company moving forward.

A solid marketing plan gives real estate agents the tools to use data wisely, make smart decisions, and stand out as leaders in their local market.

Key Strategies For Your Real Estate Marketing Plan

There are several key marketing strategies to keep in mind when drafting a real estate marketing plan. To create a soundproof marketing plan for real estate, keep these marketing strategies in mind:

  • Keep advertisements fresh by rewriting them weekly
  • Explain your pricing strategy
  • Use traditional real estate signs
  • Place a flier sign box at your properties
  • Use high-quality photography
  • Publish virtual home tours to your real estate YouTube channel
  • Promote your properties at all MLS association marketing sessions
  • Stay in constant contact with the seller by providing feedback and reports

These are just some of the many real estate marketing strategies you can implement to help grow your business. For more tips and tricks, take a look at Tom Ferry’s real estate agent tools that can help you take your company to the next level.

Tried-and-True Realtor Marketing Strategies

Crafting a real estate marketing plan hinges on playing to your strengths and understanding your local market. For instance, if you’re in a neighborhood near a military base, your approach will differ from an area with mostly retirees. Here are some general marketing strategies to consider:

  • Social Media Marketing for Real Estate:

    There are plenty of opportunities here, with survey data showing that most people begin their search or sale process by looking at things online. A well-placed ad on social media can spark someone’s imagination and have them thinking about buying or selling a home instantly.

  • Working Your Lead Database

    The list of people you’ve already touched is tremendous. Word of mouth costs nothing, and a quick email can keep you top of mind within your lead database. Regular calls, emails, and lunches can help cultivate relationships that may take time to pay off. The result is that you are the first real estate agent on their mind for when they are ready to buy or sell a property, or if someone they know is looking to buy.

  • Building a Digital Presence

    Alongside social media, having a digital footprint is crucial, and that includes being on Google. There are several websites where you can advertise and connect with potential buyers or sellers, which is a great way to market your real estate business. Utilizing these platforms along with a polished website can help establish your online brand.

  • For Sale by Owners (FSBO)

    As a strategy, this is a tried and tested plan by many experienced real estate agents. Contacting owners who are trying to list their home and then selling them on your strengths is a great way to gain a client. You’ll later place goals on this when you write it into a real estate marketing plan.

Creating a Real Estate Marketing Plan

A real estate marketing plan takes the strategies listed above and applies goals and timelines to them. For example, if you are reaching out to For Sale by Owner opportunities, you might have a goal of reaching so many prospective clients in a given week. You could take it a step further, and say that you’d like to have at least so many presentations with these clients as well.It’s important to keep track of your plan’s success as goals and timelines will need to be consistently evaluated to make sure they are realistic. If you find that meeting a goal is too difficult and it becomes disheartening, you should probably look at restructuring your real estate marketing plan to make it more obtainable.

An important aspect of crafting your real estate marketing plan is making sure that it is written down, measurable, and with specific outlined timelines. An important thing to remember is that a goal will always stretch to its due date. What this means, is that if you give yourself a year to reach a goal, you will likely use that entire year to meet that goal. If you give yourself a week to do the same task, you will likely complete the same tasks in that time period.

Having goals with challenging time frames imposes a sense of urgency on your calendar. That means that you feel a need to complete things because you are on a tight timeline. Don’t fret — it’s natural and a great means of improving your performance!

15 Clever Real Estate Marketing Ideas

Real estate marketing ideas are small, easily implemented steps, that can help your marketing plan reach its maximum potential. We’ve gathered a list of some of the top ideas you can use to help grow your business:

  • Use 3D and VR depictions of your listings. This allows potential buyers to see your home in a new way that might help them plan out how they can visualize themselves in the home. When they start placing the furniture around the house, it is a great indicator that you’re going to have a promising offer soon!
  • Hire professional photographers for your listings. There’s a reason why we recommend people buy and sell with real estate agents — because of the training, education, and experience. The same can be said for photos. Make photographers an essential part of your real estate marketing plan!
  • Create video walkthroughs. In an environment where houses can be off the market in less than a day, a video walkthrough might be all a family needs to decide that this is the house for them.
  • Invest in blogging and creating content. To keep it simple, writing about relevant topics that others will find useful will keep your name popping up consistently in online searches.
  • Use pay-per-click real estate advertising. One of the most established means of advertisements online is the “PPC.” With this system, you set a specific price you’re willing to pay for leads, and online advertisements will drive people to your website.
  • Utilize Instagram for marketing. Instagram is huge and as a fact, millions of people look at it daily. The next time they glance at their phone to see what is happening in the world, have them see an advertisement with your name on it!
  • Master X hashtags. Regular use of keywords can help get your listings or message to an entirely different set of people that you might not have engaged any other way.
  • Create offers that provide value and are “free of charge.” Everybody likes free things! If you can provide something that is free of charge and gets your foot in the door, you’ve mastered a tactful way to grow your database and create potential leads!
  • Use real estate email marketing campaigns. These campaigns can be specific to the way you’ve met people (like at a home show, church, an open house, etc). They should have consistent messaging to keep your name top of mind as a real estate professional in the area.
  • Master a specific niche of the market. Real estate marketing can be easier when you have a consistent message.
  • Ask for reviews. This could be on Google, Yelp, Facebook, or even short videos to use on your website. Buying or selling a house is huge — capture that through an authentic testimonial that will help future clients choose your brand from the rest!
  • Build a profile on Zillow and get acquainted with its functions. It’s a website with massive traffic, and because many people may come with information from this site (like a “Zestimate” figure), it’s essential to have an understanding of it.
  • Create a Google Business Page. Being featured on Google can help give you the credibility that sets you apart from your competition.
  • Maintain a Facebook business page. Having your name and message at the top of the newsfeed only secures your place as an expert in their area in the real estate business. Real estate marketing is all about being seen and heard.
  • Use local images that draw people in. Use local images that will draw people in. By using pictures of local parks, attractions, and monuments, you place yourself as an expert in that specific area, and allow potential buyers to envision their family in the neighborhood.

Drive Your Business With Real Estate Marketing

If you’re looking at real estate marketing as some daunting path that you’re not sure which direction to take, know that it’s natural to experiment with different methods until you find what works for you. It’s worth mentioning that we have a team of experienced real estate coaches that can hear about your current real estate marketing plan, and help mold it with their experience to help you reach a level of success in the industry that you have been striving for. We offer a free consultation to get you started.

There is a reason people get into the real estate market — they have a motivation for financial freedom that allows them the luxury of spending more time with their friends and family and so much more. While each person’s depiction of success may vary, our coaches are available to pair your drive with years of experience to help you reach your dreams.