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Can Cyber Monday be just as successful in real estate as it is for stores? I'm going to try to find out!


By Todd Clark (Broker/Sales Coach) 503-524-9494

black friday saleCan a Cyber Monday sale work in real estate? Well, today I think I'm going to find out. You see last Friday was Black Friday and I thought I would try to have a Black Friday open house. It was a huge success (Read about it here) But, then we thought, how can we take this online like the stores do and will it have the same success.
 
It is now 7am here on the west coast and I'm just waiting for the paperwork! I have a 2nd seller that saw my success with Black Friday and thought why not when it came to Cyber Monday and as soon as I have the paperwork in hand with the sellers permission, we are going to give it a shot!

Our idea is to promote a $5000 price reduction if you call today! I think if this works between Black Friday and Cyber Monday next year, I'm going to try to build a whole promotional campaign around it and even pay some new agents to help man some open houses for me on Black Friday and see where it takes me. I know it is only two days a year, but if it works for retail stores, why not let it work for my sellers and get their home sold! (And maybe even get some buyers some deals in the process)


 Todd Clark - (503)524-9494


Todd Clark - Broker / Sales Coach
Palazzo Realty Group
Phone: (503)524-9494
Fax: (503)622-8739


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©2009 Todd Clark - Can Cyber Monday be just as successful in real estate as it is for stores? I'm going to try to find out!


Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)622-8739

 

 

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 I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard.
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Comments

Todd.

Congrats!  I too sent a preapproval for an offer being made on Turkey Day as one of my agents I work with was showing homes!

Posted by Christine Hynes - Orange County Senior Loan Consultant (American Capital Corporation) about 2 years ago

Open house on Black Friday is a great idea! I'm glad to hear it was successful for you

Posted by Michael Caruso Real Estate Group about 2 years ago

Hi Todd,

 

Great idea.  Lets us know how it turns out.

Geoff

Posted by Geoff ONeill (John L. Scott Medford) about 2 years ago

Todd

Always thinking outside of the box; I like that. Look forward to seeing the results.

Posted by Tom Braatz,Waukesha County Realtor Real Estate agent,Waukesha Cty WI Real Estate (Re/Max Realty Center 262-377-1459) about 2 years ago

It will be interesting to see what your results are.  Please let us know!

Posted by Bob Haywood, www.BobHaywood.com (McGraw Realtors) about 2 years ago

Hi, Todd. What a great idea! I live in an area near Big South Fork National Park in Jamestown, Tennessee that is a destination for trail riders and they come, especially on three-day weekends or during holiday periods. That would be an ideal time to offer a "bargain" on certain properties.

Posted by Leslie Helm/Real Estate For Trail Riders (Tennessee Recreational Properties) about 2 years ago

Todd - We are always open on holiday weekends.  However, we haven't been able to convert on "hard" deadline promotions like the one you described.  It may just be that it is hard to create urgency when you have inventory units to sell.  Good luck with the Cyber Monday concept.  We have gone to announcing new projects online with the discounts only available for prospects who registered via the web...  Gonna try the same thing with a Twitter only promotion.

Posted by Ryan Shaughnessy, Broker/Attorney - Your Lafayette Square Real Estate Partner (PREA Signature Realty - www.preasignaturerealty.com) about 2 years ago

Can't seem to get that sense of urgency. Hipe you will blog about the results.

Posted by Barb Szabo E-pro Realtor Cleveland Ohio Homes (RE/MAX Trinity) about 2 years ago

Todd - I think these are great ideas. We had two back-to-back opens on Sat and they were a huge success. I'm thinking - for next year - the create something that goes from Black Friday to Monday... hmmmm. ~Rita

Posted by Kenna Real Estate about 2 years ago

Todd, Congrats on your BF Open House. Great idea and you could take it nationally as well! It would be interesting to see how the results would differ!

Posted by Wanda Kubat-Nerdin, REALTOR® St. George, Utah (Prado & Kramer Real Estate, St. George, UT 435.632.9374) about 2 years ago

Todd, I am not sure if this would work in my small town...but, keep us posted.

Posted by Rebecca Gaujot, Realtor WV Real Estate in Greenbrier County (Coldwell Banker Stuart & Watts Real Estate) about 2 years ago

Some extra attention can probably be achieved by timing a price reduction done to coincide with Black Friday or Cyber Monday ...... or Washington's Birthday or Memorial Day or about any holiday or special event day.  Seems like it would be worth a try for any of those.

But it would need to also somehow fit the seller's time line needs.

It would need to be done without being posted to the MLS system because showing the temporary reduction there would be tantamount to a permanent reduction since it would continue as a part of the listing history.

The paperwork from the seller would need to include instructions to not post the price change to the MLS system. 

Posted by Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate (ACTIONAGENTS.NET) about 2 years ago

Hi Todd,

I think its important to tie in internet activity with marketing campaigns.  I wrote a post about Cyber Monday last year and marketing open houses online as well as one on Decemer 15th which is a huge online shopping time.

Good luck.  With good use of keywords and marketing you should get traffic.

Posted by Rebecca Levinson, Real Estate Marketing Consultant (Real Skillz-Clear Marketing for Your Real Estate Vision) about 2 years ago

Hi Todd,

I think its important to tie in internet activity with marketing campaigns.  I wrote a post about Cyber Monday last year and marketing open houses online as well as one on Decemer 15th which is a huge online shopping time.

Good luck.  With good use of keywords and marketing you should get traffic.

Posted by Rebecca Levinson, Real Estate Marketing Consultant (Real Skillz-Clear Marketing for Your Real Estate Vision) about 2 years ago

Hi Todd,

I think its important to tie in internet activity with marketing campaigns.  I wrote a post about Cyber Monday last year and marketing open houses online as well as one on Decemer 15th which is a huge online shopping time.

Good luck.  With good use of keywords and marketing you should get traffic.

Posted by Rebecca Levinson, Real Estate Marketing Consultant (Real Skillz-Clear Marketing for Your Real Estate Vision) about 2 years ago

I love the idea of getting the word out with the open house....now on teh day after Christmas will you allow your buyers to "return" their homes LOL.  Let us know how this Cyber Monday goes!

Posted by Dan Edwards, REALTOR® Helping you home in Sammamish Washington (Northstone Real Estate, Inc.) about 2 years ago

Well, everyone here is the update on Cyber Monday. Though it really didn't take much effort, not nearly what Black Friday took, it was a very different result that Black Friday. Got one call and then they said they would call back and never did and the number they gave me was a wrong number. Doesn't mean I'm not going to do it next year, just means I was hoping for more.

Posted by Todd Clark (Broker) (503)524-9494 (Beaverton, Oregon Real Estate Expert) (Knipe Realty) about 2 years ago

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