Rebogateway: Using Probability As A Strategy For Real Estate Listing Leads
I had a chance to review a new product recently that takes a more strategized approach to finding listing leads for real estate agents. Rebogateway (R.E.B.O. being an acronym for Real Estate Back Office) is a product that focuses on which homeowners are most likely to sell in the near future. The emphasis is on saving the agent time and money by focusing their marketing efforts on the leads that are most likely to convert.
Rebogateway is tied into a number of data sources, from the local MLS to taxing and record-keeping authorities. The system asks two basic questions that get to the heart of the likely-seller discovery process:
1) What life events are most highly correlated with a homeowner deciding to sell?
2) Which of these events are recordable and reportable to and end user in the real estate industry?
Finding these potential home sellers allows an agent to market by mail, phone, or even door knocking in a much more effective way. The cost of marketing materials and time would reasonably be reduced if the leads being targeted were higher caliber leads.
It turns out that there are quite a few situations where homeowners have their information given to government and private sources that allow themselves to be categorized as likely home sellers for real estate agents to target for potential listings:
- Expired Listings
- Notice of Default
- Notice of Sale
- Tax Defaults
There are also instances where a local market can be farmed for new listings based on a neighbor’s home transaction, even if that home was listed or sold sold by a different broker:
- Just Listed – Market for interested buyers
- Just Sold – Market for potential sellers
Rebogateway frames all of these potential lead sources into one set of data and allows the user to search by a variety of different methods to focus on a target market. User searches based on location, life event type, and other criteria produce a list of homeowners to contact–which are already verified as not currently listed, when the system is tied in to the local MLS.
For the agent who has a long-term community that they regularly farm, there is also a “future events” tool to keep on top of that community’s homeowners’ life events. The user selects a geographical area by radius, location, or drawing an outline on the map, and then saves a homeowner record search. Going forward, any time one of these key life events happens within that user’s defined boundaries, an email is sent from the system to the user, identifying a new prospect as a likely home seller.
There is also an interesting “Tract Utility” which reports turnover rates in certain locations. An agent could find that homes turn over at twice the rate in a neighboring area as they do in his/her local community and find that farming the new area is more profitable.
Real estate agents aren’t easily impressed with new tools, as they get new pitches every week. The best product pitch to an agent will:
- Reduce the amount of time needed to get a task done
- Reduce the cost of necessary tasks
- Generate more leads at a reasonable ROI
Rebogateway does an excellent job of taking extensive research time and costs off of real estate agents’ plates, and allowing them to focus on marketing to qualified leads that are more likely to result in listings.
Agile informaticsPosted at 11:35h, 28 March
Good work buddy
KernickhomesPosted at 13:43h, 28 March
I had never heard about this thing before. Thanks for sharing such a nice information with us.
Elevator LiftPosted at 11:32h, 29 March
great blog Sam keep great posting goes on
30yearRealtorPosted at 12:38h, 31 March
Just like vender site, spectacular
capabilities with no negatives, no pricing information. Enticing
readers to sign up. Please add “Shameless Plug” to heading.
Stephanie CopelandPosted at 18:09h, 22 March
It seems that as agent we already have access to a lot of the services. I take it you did not like the service??
Patrick HakePosted at 14:04h, 31 March
Seems like a more self directed version of http://www.SmartZip.com or http://www.realagile.com. Those systems require that you define your area and purchase them exclusively for a year or more. I can see where having a more flexible system could be useful for agents who work a wide geographic area, but want to use analytics to intelligently target neighbors around their listings. Interesting.
JasonKerwinPosted at 06:16h, 09 April
this sites are also very useful
Dean OuellettePosted at 16:36h, 31 March
I’ve been reading about it for a while and considering it. I’m having a hard time finding anyone who really found a systematic way to make it work in real life. Great idea, great potential but making it really work seems to be an issue people need to figure out. That said the price is so good I gotta give it a shot.
Shirley soniaPosted at 03:33h, 19 April
I know huge marketing strategies of real estate .If you want then i wanna share latest real estate marketing knowledge and strategies with you .Follow us @emacneille to learn more .
BabySitter For Hospital In PUnPosted at 05:38h, 03 May
I am A real Estate Agent,So will You Please share Some Marketing Strategies with me.
One More thing I am New In this sector So please Help Me!!
Victor "Vic" HuertaPosted at 01:15h, 29 March
I used rebo gateway for 1 whole year. 2 leads! I would have to say that 40% YES 40% of my post cards came back in the mail. I was very dissapointed in the sysytem and went back to my old system. No conversion is through the ROOF!
Sylvia JonathanPosted at 12:58h, 16 August
Rebogateway is clunky to use on Chrome and totally unable to function on Explorer. But more importantly, the data is wildly inaccurate. You would think they managed to update a February ownership transfer by August! Similarly, a June closing still shows old ownership in mid August. Mind you, Realist typically shows recordings after about 10-14 days.
I should have tried it for a month or so before signing up for a year. Big mistake. Can’t use it reliably, so in my book that means I can’t use it.
For the life of me I don’t know why C.A.R. gives this vendor any space in their business tools plug section.
jpegueroPosted at 15:49h, 19 February
Are you a spin off smartzip? second question. Do you also provided data and analytics as freehousevalues, homes dot com,ziprealty,etc received from smartzip?
zxcv1234Posted at 10:36h, 14 March
I have been using Rebo Gateway for some time now and I am not a fan. They constantly have technical difficulties and I have to call in to have them reset the profile report for a particular property. It is very annoying to have to do this every time I want a report. I have not received a ROI on this venture and when my contract expires I will not be continuing my subscription. Tax defaults in CA where the main office is is not updated with Santa Clara County. So you cant use that feature. I have tiered to update my farm areas via upload and I keep getting kicked out. This has been going on for two days now, hence this review. I was told one thing on the phone then when I bought the service was only allowed 8 farm areas instead of the 16 I was told. If you are thinking of using you are going to regret your decision. $395.00 I can use that money and switch to Cole Realty Resource for the same price and phone number to call sometimes.
Hamid TavazoiePosted at 16:08h, 23 March
$395 per month?
zxcv1234Posted at 20:19h, 23 March
395 a year.
Fred R. Van AllenPosted at 13:56h, 06 April
I got the below email from rebotgateway saying they tried to draft my acct.
I am contacting you in regards to your ReboGateway account. We have tried to process your subscription and unfortunately the payment was unable to go through. You currently have a balance due of $299.95. Please contact our customer service to update your information at 866-887-0206 xt 135. Do not update your credit card information online through ReboGateway, it will take it as a new subscription. Thank you and we look forward to hearing from you.I said I don’t know who you are. She said, ‘got to our webpage and see it you get a clue’.
I don’t know who they are??? I called and asked what the product was and she said ‘go to the website and see if you get a clue’.