The real estate industry thrives on understanding what buyers and sellers want. A recent survey of 11,200 participants highlights their priorities when selecting and working with agents. Whether you're an experienced agent or a newcomer, this data reveals valuable trends to help you meet client expectations and excel in a competitive market.
By focusing on communication preferences, the decision-making process of sellers, and how realtors can differentiate themselves, this article offers actionable insights.
How Do Buyers Prefer to Communicate?
In the digital age, buyers expect agents to meet them where they are—whether that’s through traditional methods or modern technology. According to the survey:
78% of buyers prefer email as their primary mode of communication, appreciating its ability to document conversations and share detailed information.
62% prioritize text messaging, valuing its speed and convenience for quick updates, reminders, and confirmations.
While still important, only 40% prefer phone calls for communication, primarily for discussions that require a more personal touch or immediate clarification.
About 25% of buyers prefer social media or messaging apps for informal inquiries and updates.
To stand out, real estate agents must adapt their communication strategies to fit their clients’ preferences. A multichannel approach ensures that every client feels heard and valued, creating a seamless and efficient experience. Agents using CRM tools or scheduling apps can streamline interactions, saving time for everyone involved.
Buyers and Sellers Want: How Many Agents Do Sellers Contact?
For sellers, the decision to list a home is often paired with the pressure to choose the right agent. The survey revealed a surprising insight: 70% of sellers only contact one agent before making their final decision.
This statistic highlights the importance of making an outstanding first impression. Sellers are looking for agents who:
Offer a clear and effective marketing strategy to attract buyers.
Demonstrate strong knowledge of the local market and pricing trends.
Communicate confidence, trustworthiness, and professionalism.
Provide tangible examples of past successes, such as homes sold quickly or above the asking price.
For the remaining 30% of sellers who contact more than one agent, the decision often comes down to comparing the value propositions of each. This reinforces the need for agents to differentiate themselves with tailored presentations, professional marketing materials, and a focus on the client’s unique needs.
Scout Realty: A Partner in Realtor Success
Standing out in today’s competitive market requires more than just ambition; it demands ongoing learning and support. This is where Scout Realty excels.
At Scout Realty, we don’t just mentor agents—we invest in their success. Our mentorship programs, led by seasoned experts like Edward Oueilhe, provide guidance in:
Mastering communication: Learn how to navigate buyer and seller preferences to build lasting relationships.
Crafting innovative marketing plans: Stay ahead of trends with creative approaches to property promotion, including virtual tours, drone photography, and data-driven pricing strategies.
Enhancing negotiation skills: Confidently represent your clients and secure the best deals in competitive markets.
Growing your business: From lead generation to closing, Scout Realty mentors provide actionable advice to elevate your career.
Our commitment to supporting realtors doesn’t stop at mentorship. Scout Realty offers tools, technology, and market analytics to help agents thrive and make smarter decisions.
Buyers and Sellers Want: Why This Data Matters
Understanding buyer and seller behaviors is no longer optional—it’s essential. Agents who align their strategies with client expectations are better positioned to build trust, close deals, and earn referrals. Most sellers choose after one meeting, making a compelling, client-focused pitch essential.
Buyers, on the other hand, are looking for realtors who simplify their journey, keep them informed, and respect their preferred communication styles. Balancing these expectations with the demands of the market can feel overwhelming, but the right support makes all the difference.
Ready to Elevate Your Career?
Scout Realty is here to help you stand out in a crowded market. Whether you're refining your communication skills, building a stronger marketing strategy, or seeking mentorship to grow your business, we have the resources to support you every step of the way.
Contact Scout Realty today to learn how we can help you achieve your real estate goals. Together, let’s turn insights into action and make 2024 your most successful year yet.
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