Just like buyers in the U.S., buyers across the world tend to begin their search for the perfect home online. However, in many cases these buyers are in countries that might not use the same listing websites commonly used in the U.S. It is easy for us to assume that what is familiar is ubiquitous as well, but this is simply untrue. These websites, known as property portals, are your link to global buyers. What sites are worth your time and how do you assess them?
To start, it is always good to remember that U.S. agents are at an advantage thanks to the MLS. In the U.S. any property entered into the MLS will also appear on realtor.com and realtor.com/international, which syndicates listings from 46 different countries and attracts over 1 million monthly visitors from outside the U.S. While this is impressive, it still does not guarantee global buyers are seeing your listings. To ensure you are reaching buyers abroad you must cover all your bases. You can start by simply asking the right questions:
Who are your buyers?
Identifying what country your global buyers are coming from is the first step. If the answer is not obvious, there are reports and studies that can help. The recently published NAR 2016 Profile of International Activity in U.S. Residential Real Estate is a great place to start in researching who makes up the global buyers in your area. Another helpful outlet are statistics released from realtor.com/international on a monthly basis. These statistics show the most popular search locations in the United States and what countries these searches originate from. Click here to view the most recent report.
What property portals do they use?
Once you identify these buyers, have a look at what property portals are commonly used in their country, and market yourself there. What websites are they searching for listings? Are there any sites that are favored in their country? Do these sites also promote international listings? It is easy to forget about the basics in this day and age. We are always trying to think of new and creative ways to put our listings in front of buyers, and while this is certainly a good idea, we must also keep in mind the property portals that may be less obvious to the American eye. To help get you started, below are the top 10 property portals from around the world:
1. | rightmove.co.uk |
|
2. | Immobilienscout24.de |
|
3. | Funda.nl |
|
4. | Idealista.com |
|
5. | Realestate.com.au |
|
6. | Zoopla.co.uk |
|
7. | Realtor.ca |
|
8. |
Sreality.cz |
|
9. | Otodom.pl |
|
10. | Cian.ru |
|
Once a potential buyer finds you through the property portal it is vital to creating an impressive first-impression. Don’t let your efforts on property portals go to waste by having a less than impressive website. Proudly display your CIPS designation on your site so potential buyers know you are a global expert and are capable of handling their business. Additionally, ensuring your website is user friendly is just as important. Does your area serve a large amount of Chinese buyers? Having a website that is easily translated to Mandarin can help attract these buyers. Having presence on property portals is important, but creating a lasting impression afterward is what will win you their business.