Here is a great post I saw today of what Millennials want out of the real estate process. Why should you care? Zillow says they make up 55% of buyers!
An Open Letter from Millennials to the Real Estate Industry
Let me summarize it.
- They want to use technology to simplify things, like electronic documents and file sharing.
- They want to screen properties BEFORE they ever visit them. This means lots of photos, aerial images, virtual tours and we think floor plans to help people visualize how their family can live in the property, not how the seller currently is living in it. Lots of research out there that says 70% to 90% of buyers want to see floor plans when they search. Leverage this and market it at the listing appointment to get the listing every time!
- Be the expert on the process and help people understand it.
- Be creative.
Great advice. We can help.
We are very excited and honored to be part of a group of companies selected to REach® Real Estate accelerator’s class of 2016 by the National Association of REALTORS® (“NAR”), the largest trade association in North America. The REach® program is run by Second Century Ventures (“SCV”), the technology fund and strategic arm of NAR. The goal of the program is to help companies refine their product, strategy and process and to accelerate the exposure across the more than 1 million REALTORS® in the United States.
After a detailed selection process that included more than 200 company applications, HomeDiary, powered by FloorPlanOnline, was one of 8 companies chosen for bringing it’s 2D & 3D floor plan virtualization platform and digital recordkeeping tools to any home. You can read NAR’s press release here. Through the FloorPlanOnline platform, REALTORS® have been able to differentiate their listings and themselves by focusing on the top 2 things buyers want to see – big HD photos and interactive floor plans. Through a sponsored HomeDiary, REALTORS® will now be able to stay in touch with their clients in a relevant way for years to come as the homeowner manages their home.
“HomeDiary is bringing HGTV-like 3D tools to any homeowner, making it simpler to create a 2D and 3D floor plan for a room or a whole house,” said Alex Lange, operating partner of SCV. “We are excited to introduce HomeDiary to more than a million NAR members while providing the company with access to experts and influencers in the real estate industry to help accelerate their already-amazing toolsets.”
“Over the course of the next few months HomeDiary will be refining the go to market strategy and product options for the Closing Gift, a new product that will bring 3D floor plans to any newly purchased home,” said Kris Cone, CEO of FloorPlanOnline & HomeDiary. “Our focus is to make it easy and cost effective to get a 3D floor plan for any home, starting at free! We will also be leveraging our FloorPlanOnline infrastructure to be able to visit virtually any home throughout the US to create a floor plan, complete with our drag and drop RoomPlanner tool, as well as other tools to enable homeowners to document and manage their home.”
Homeowners can get started for free at HomeDiary.com. Options for REALTORS® will be coming soon, so stay tuned!
Here is an interesting post on Zillow and their accuracy of the Zestimate
I wonder if Spencer’s home had a FloorPlanOnline tour (vs the Matterport tour) how fast it would have sold….sounds like this house has been on the market for some time, which is a bit unusual in Seattle!