You Have 7 Seconds to Capture My Attention...Tick Tock

Written by Posted On Sunday, 03 November 2013 14:26

According to the National Association of Realtors, as many as 97% of home buyers begin their search online by scanning listings. They spend an average of seven seconds previewing a real estate listing online before deciding if they’ll look deeper or move on. If your listing fails to capture their attention, opportunity is lost. Yet and still, how many thousands of listings have generic narratives, or worse, no narratives? How many have too few photos or poorly taken photos? How many lack agent contact information? How many agents actually respond to inquiries in a timely manner? If your home is listed, is it properly presented to generate an offer?

You meet a business acquaintance for the first time – a potential new client that you want to sign up. The moment that stranger sees you, his or her brain makes a thousand computations: Are you someone to approach or to avoid? Are you friend or foe? Do you have status and authority? Are you trustworthy, competent, likable, and confident? And these computations are made at lightning speed. Researchers from NYU found that we make eleven major decisions about one another in the first seven seconds of meeting. The same is true for agent web sites.

It would be interesting to see how well different sites attract and hold potential clients. Does an agent dressed in a costume exude confidence to a client? Does an analytically, data driven site appear cold? Do clients care about what an agent does in their spare time or are they there to search listings? Do clients read blog posts? While those answers are left to firms specializing in marketing, we do know that the seven second rule applies – clients better recognize value on a site, understand that the agent is knowledgeable and they better be able to find what they want – in seven seconds.

We love the seven second idea, shame on us if we don’t have a user friendly site. Our clients are much more prepared and knowledgeable; we appreciate the higher level of real estate knowledge they come in with. In fact, we find that many contact us after weeks and months of following our blog or twitter account, after researching data on areas they are interested in or after searching properties on our site. And we’ve found something else – the seven second rule is morphing.

It is common for us to receive a call or email beginning with “….I’ve been reading your posts for several months and….” In a sense, we’ve had much more than seven seconds to make an impression. In fact, there have been numerous instances times where we have met a buyer in the morning and written an offer in the afternoon. The seven second rule initially applied and kept them interested, the diligent follow up and professionalism ensured that they successfully completed their transaction.

The internet has forever changed how agents and clients interact, the veil of secrecy regarding real estate data and listings has been pierced and it’s for the better. If it raises the bar on agent performance, everyone wins. Of course, it’s up to the public to ensure that bar is raised and we think the seven second and seven question rules apply.

- See more at: http://hankmillerteam.com/2013/02/07/7-seconds-to-capture-my-attention/?preview=true&preview_id=5910&preview_nonce=d1224c9df8#sthash.Guk4SNRz.dpuf
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Hank Miller, SRA

Hank Miller is an Associate Broker & Certified Appraiser in the north metro Atlanta area. Since 1989, real estate has been his full time profession. Hank´s clients benefit from his appraisal and sales experience; they act upon data, not baseless opinions. He is an outspoken critic of the lax standards in the agent community.

Hank remains an active certified appraiser and completes specialty work for FNMA, lenders and attorneys. He is a well-known blogger and continues to guest write for multiple industry publications as well as national outlets like the WSJ, NYT, RE Magazine, USA Today and others. He is a regular on public Q&A sites on Zillow, Trulia and many others.

Hank consistently ranks in the top 1% of all agents in the metro Atlanta area. He runs the Hank Miller Team and is known as much for his ability as he is for his opinions. He is especially outspoken about the lack of professional standards and expectations in the real estate industry.

www.hmtatlanta.com

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