Is IDX Necessary for Your Website? – Do You Need Air to Breathe?
Okay, the title is a bit dramatic. You would die without air, but you’ll live through not having IDX. Your business may not though. We’ve all seen the statistics many times. More than 80% of those in the real estate market use the internet to begin their property search. They want one thing when they visit a website, to locate listings, lots of them, and lots of information and images for those listings.
Guess what! They’re not typing in “john smith real estate for sale” either. We’re not talking about YOUR listings. There is a place for them, and they have a definite reason for being on a site. But we’re talking about millions of daily searches for real estate listing information. And, they’re not looking for yours. They’re looking for everything in the Multiple Listing Service.
The best way to serve your Internet real estate prospect is to give them what they want, and to make it easy to locate and to use. Let’s get into their shoes for a little while and see if we can get a better idea of the critical nature of a good IDX solution. You’re a branch office employee of a large corporation in their Des Moines office. You’ve lived there for a long time. They are transferring you to the corporate headquarters in Dallas, TX. You’ve never even visited Dallas. You need to locate a home. They are buying yours in Des Moines, but you want to handle your own home-finding in Dallas.
You have time, as the move will not happen for about three months. But, you need to get on the home location process, as you don’t want to be renting in Dallas. The company is helping with relocation by paying for movers, but only for one move. You want to make a trip out there soon and locate a home, getting a purchase moving along right away. What a dream prospect you are!
You have an immediate need to locate and buy a home. Dallas real estate agents want your business. And, there are hundreds of sites competing for your visit. What are you looking for on them, and what do you want to do on the sites?
- Learn about the areas of Dallas close to corporate headquarters
- What are the schools like in each area
- Is shopping close by, as gas prices are getting ridiculous
- Lots of information on lots of homes in your price range in the areas you’ve selected
You don’t want any pressure on you this early, so you don’t want to talk to anyone yet. You want to spend your time in locating possible homes, printing them out, going over them with your spouse, etc. And, you want to know that you’re not missing any home that’s listed on the MLS.
Now, let’s get back into our real estate roll. You have a great site, with information and links that give area information, shopping center locations, schools and their ratings, and more. And, you’ve got a page or links to your brokerage’s 100+ listings. You don’t have IDX, but they can call you for more information, right? Say bye-bye to this prospect. You may have helped them with your area information, and they may have loved your school statistics. But, they can get all of the listings on another site … and they will.
The real estate consumer is more educated in the way that we work than ever before. They know what IDX is, and they know that it will get them to all of the listings. If you don’t have IDX on your site, they’re gone, gone, gone. If you send them to your main brokerage site from your individual site to get to the IDX, they’re just as gone … for you anyway.
So, you’ve decided that losing this great 90 day purchase prospect is just not a good thing. You go after an IDX solution for your site. Now, you’re onboard, but are you on the right ship? Looking back at the types of information this hot prospect wants, is your IDX solution going to go all the way in providing it?
- Mapping, with home searches by map area
- Ability to geo-locate the areas near their employment
- Easy navigation from maps or property lists to full detail on each home
- Lots of high quality photos they can enlarge to view
- Search ability by school district, zip code, home characteristics, MLS number, address or interactive map
- Ability to go to home details without losing their search
- Print function for individual home brochure
- Email function to send to their spouse from work
There’s more, but this is the very basic functionality you simply MUST HAVE to keep that hot prospect on your site until they are ready to talk to you. All of the search engine optimization and wonderful content you have worked so hard to produce is worthless unless they can look at all of those homes in a quality IDX solution.
Disclosure: I am the President of RealtySoft.com, which has a free IDX offering.
Lenda Goulding-Cary Area Real Estate Expert
Posted at 19:39h, 25 NovemberSpot on, I couldn’t agree more. When people are searching homes, most of the time the first thing they search is the area + real estate
Michael Wurzer
Posted at 19:46h, 25 NovemberI read this post in my feed reader and the author was listed as Drew Myers. I read the whole thing thinking, is Zillow going into the IDX business? Then I got to the bottom saw the article was written by the President of a company called RealtySoft, and I’m thinking, has Drew left Zillow? Only when I finally clicked through to the post did it make sense. Funny. I guess the lesson is, don’t believe everything you see in your reader!
Leon Belenky-Ocean Four in Sunny Isles
Posted at 20:04h, 25 NovemberLOL! Your title made me laugh, but you are right-IDX is essential to getting your business and leads to increase.
Scott Patterson-Aventura Realtor
Posted at 20:44h, 25 NovemberI couldn’t agree more-IDX solutions are so great and I personally love the ability to geo-locate homes near employment or whatever else a home buyer want’s to be near; it is a GREAT feature.
Dan Connolly - Atlanta Real Estate Guide
Posted at 22:06h, 25 NovemberI couldn’t agree more! When I used to list a house I would frequently get to refer the seller to an agent in the city they were moving to. A few years ago that changed. They had all already found someone online and didn’t need my help any more! That is when I realized the power of the online search. Now 75% of my sales are a direct result of people searching for homes on my website.
Dallas Homes
Posted at 11:38h, 26 NovemberI would add to this that once the idx results are on your site, don’t put ANY barriers to entry to get to the home listings (like hey, register first). This is the best way to loose, alienate and offend your potential clients and website users.
Hawaii Realtor
Posted at 15:49h, 26 NovemberI would agree that you need to have a simple and easy way to let your users search for properties. That is why we created our own IDX and lead capture. I disagree that a lead capture loses a bulk of your users. Sure you are going to lose most people that are not really serious and maybe a few that are, but if it is done correctly it can be very effective and result in a lot of sales.
We have been doing this at a high level for years and have the analytics to back it up.
Nice plug by the way 🙂
Maybe when we are ready to market ours Drew will let us plug our solution.
Nice plug by the way 🙂
Maybe when were ready to market our solution Drew will let us plug our soltution.
Hawaii Realtor
Posted at 15:49h, 26 NovemberWhoops !!!!!!!!
Notary Austin Texas
Posted at 11:42h, 28 NovemberGreat article thanks for sharing Peyman.
Yura
Posted at 13:36h, 29 NovemberThree years ago I sold my first home without any Net resources. But it was very difficult for me. I heard that some services can publish ads about my home in the Internet. Can you help me to choose between http://fizber.com and http://trulia.com ? Do you know anything about these services? My friend said that “Fizber” better than “Trulia”. But maybe he wasn’t right. So I need help.
Drew Izzo from Roost.com
Posted at 14:14h, 01 DecemberI definitely agree with the critical importance of IDX-based Web sites. We’ve built our business here at Roost.com based upon the very belief you state that the 80% of consumers searching for real estate online want to look at every listing available in the MLS. No homebuyers want to spend time on a site that is missing information and puts them at a disadvantage. – Drew Izzo, http://www.Roost.com.
Stella Frize
Posted at 22:42h, 02 DecemberGreat reading. I still fascinated when I get actual calls from agents asking me about my listings. I explain we have IDX and there a little confused. It opened a whole world for us Realtors
dieta anului 2011
Posted at 08:42h, 03 JanuaryI have beeing trying to find the WWW for such info and i wanted to thank u for this post. BTW, just off topic, where can i get a version of this theme? – Thanks