The Benefits of IDX
"when we look at the residential real estate industry ten
years from today and try to identify the key events or trigger
points which have shaped the evolution of the business [IDX] may
well top the list", Laurie Moore-Moore, co-editor of Real Trends,
Littleton, CO |
Helps a Web Site to Retain Visitors
Internet Data Exchange, or IDX, delivers Associate Brokers a significant
advantage by keeping visitors on their web sites without having to
go elsewhere to see all available properties within an area.
IDX will enable consumers looking at an Associate's web site to access
thousands of properties listed on Metrolist, instead of being limited
to just that Associate's listings, without leaving their
web site.
Transforms Web Sites into Service sites for Buyers
Imaginative IDX solutions provided by vendors allow websites to have
an entirely new proposition to buyers. A web site need no longer be
passive or advertising oriented. With a database of listings to work
with, interactive applications can be created that create high value
services to buyers and capture them as sales leads.
Such solutions have the advantage of maintaining first contact with
consumers.
See
our sponsors for examples of these typs of solutions.
IDX is a technology that levels the marketing playing field.
Small Brokers and Associate Brokers, can now display as much inventory
as large corporate Brokers. Now all Associate Brokers, no matter how
small or big their business operation, can look like a substantial
real estate business.
Historically, web sites have been run by Managing Brokers and they
contained only their own listings. Other Broker's listings were never
really included as it was considered a competitive issue. However,
the web has a way of leveling the playing field. Consumers who use
the web to search for homes use sites where they get the most information.
Realizing this, Brokers have continued to look for more content -
specifically listings - to make their web site strategies more effective.
This has led to cooperation amongst Brokers and ultimately the creation
of IDX.
Wider Exposure for Sellers
For Sellers, IDX can be provide significantly improved effectiveness
when marketing their listings. IDX allows you to advertise your listings
on all sites using IDX.
IDX will give more exposure for your listings. More exposure usually
means more and faster sales.
Summary of Benefits
-
- Lead Generation
- While the service itself is valuable to the consumer, IDX can be implemented
in ways that generate leads for the Associate Broker.
- Maintain Contact
- Associate Brokers can invest in marketing their personal web sites knowing that they
can maintain the first contact with the consumer - they won't need to go to
another site for property listings.
- "Stickiness"
- The IDX search engine maintains the Associate Broker's site navigation so the consumer
never looses the ability to navigate to another area of their web site and
should find all their information needs met in the single site.
- Branding
- The framing of IDX ensures all pages are still branded keeping the Associate Broker's
identity and message in front of the consumer at all times.
- Service
- With IDX presenting all available properties, this high value content will
attract consumers to go the Associate Broker's private web site.
- Retention
- As all properties are available. This, combined with highly targeted content
on your web site, makes it the obvious, quick and convenient place for the
consumer to come back to in the future.
- Better educated
- Consumers are now empowered by the Internet to find information never before
made available. Now, when they make contact with Associate Brokers they come more prepared,
better educated about the market with more realistic expectations which makes
the home buying process more efficient.
- Local service
- The consumer may feel more comfortable using a property search tool that
is offered by a local service provider vs. using a national portal such as
www.Realtor.com.
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