Smart Homes, AI & Real Estate

Tech giants like Google, Apple, Tesla, Amazon, and Microsoft have been spearheading the AI movement with development of self driving cars, AI in our smartphones, and home assistant software. Where does it go from here?

So what exactly is AI?

Put simply, the computer learns patterns and trends and suggests the most relevant solution to a problem. This could be the quickest route through traffic, a healthy lunch recipe or if you have a cold, flu or 8 terminal diseases last seen during the middle ages (thanks Google).

 

Smart Homes are already here

In the last couple of years, smart houses were rough prototypes available to the rich listers. Earlier in 2017, Amazon, Google, and Microsoft released their home assistant devices, Amazon Alexa, Google Home & Microsoft Cortana. These hands-free voice-controlled devices link up to other smart devices in your homes and allow you to control them via voice commands.

 

Integrated AI could improve a home’s value.

An integrated home that is AI friendly could raise its value. As AI systems become more advanced, the likelihood of connected homes becoming common is high, adding further bells and whistles to the listing ad of a property.

Potential for home improvement & maintenance reminders.

Everything needs to have a regular maintenance schedule; without it a “weekend job” one year later turns into a repair job. With AI, your home could soon remind you that it’s about time you painted the exterior of the house. It could also suggest the best way to go about it, with videos and products specials at the local hardware store.

Your home suggesting how to improve itself

Think your home is looking a bit shabby and furniture needing a refresh? It’s a bit of a stretch now, but AI could probably figure out what the new household design trends are and suggest things accordingly that’d optimise its value. Whether this adds or detracts from the late night Kmart binge or not is yet to be seen.

AI could also predict what types of material, or other home add-ons could predictably add to your home’s value. This could be a deck extension, a new bathroom, or even a pool! We’re pretty interested in this opportunity at Homes.co.nz, stay tuned.

Social Media 101: How To Promote Listings To An Audience On Facebook

Building an audience across social media to promote listings is something that is seldom done well in Real Estate. We asked a couple of Real Estate social media experts, Andrew Duncan and Roar Kristoffersen for some easily actionable tips.

Key Insights

  • The more accurate you are with targeting, the better your results will be. Experiment with targeting via Location, Demographic, Psychographic, and Interests on Facebook.
  • Be specific with your messaging.
  • Boosted posts and Carousel Ads are your best style of ad to use. Carousel Ads are like a preview of the listing, and boosted posts make your listing appear fresh and story-worthy.
  • Digital advertising raises your profile with vendors and buyers alike, and is incredibly cost effective.

1: Why Facebook?

Facebook is New Zealand’s second favourite leisure activity.

Check out this small look at how many NZer’s are using Facebook.

In our previous post, we also explained what people are using Facebook for; exploring ideas relevant to them and connecting with brands and products.

With this in mind, if people are looking at Real Estate using the internet, if they like any sort of pages related to home renovations, market data or any other property pages, Facebook allows you to target these people to an incredibly high detail.

Roar explains that Facebook allows you to drive certain objectives to these people, whether it is gathering their email address, sending them to your listing or any other ‘conversion’ you can think of.

Dollar for dollar, Facebook is one of the cheapest and most effective ways to reach your target audience.

2: How To Build An Audience To Show Your Listings To

Before we get building an audience, you must first know everything about your listing.

Ask yourself, who should purchase this house? Who is this house most suitable for?

You must be as specific as possible. As agents are well aware, a first homebuyer has completely different priorities to a downsizing retiree.

Andrew Duncan agrees that agents need to be targeting an ideal buyer demographic. For example, Andrew outlines a hypothetical. “Are you selling a ‘first home’ type property? Create an audience of people aged 25 – 40, interested in getting married, having kids, buying a home, local schools, community groups.”

With your audience in mind, lets break down a typical First Home Buyer audience segment.

 

Why should you be so targeted with your audience?

Roar explains “if you try to be everything to everyone you will end up being nothing to anyone, which is a bad place for a real estate professional. Social media as popular as it is and as amazing as it is, also has some drawbacks, one being that because it is so easy to put commercial messages in front of consumers they are now flooded and you run the risk of becoming white noise, the way to combat that is to be super relevant with your messaging and understanding what your ideal customer needs and wants.”

As agents, you know what type of messaging works for different buyer segments. Choose your words carefully when promoting your listing.

The optimum character counts for Facebook Posts is a mere 40 characters.

You want your headline, and sub heading to encapsulate these, so people can click on more information on your listing.

That brings us to our next section, how to create the ads that best utilise this.

3: The Most Effective Facebook Ads For Listings

Here at Homes.co.nz, we test a whole lot of ways to best deliver listings for Real Estate Agents.

There are two ways of delivering Facebook Ads that we’ve found work really well:

Facebook Carousel Ads

  • These look like short swipe-through images which perform great on mobile devices which appear as ads in people’s News Feed

Boosted Posts

  • These behave like posts in Facebook’s News Feed.

Below is an example of what a Facebook Carousel Ad looks like.

Facebook Carousel Ads

So why use carousel ads?

Because they behave like a listing, but on Facebook. Buyers can swipe through photos like an online listing. It also provides ample space to put in your property descriptor. Best of all, it doesn’t cost more to add more photos. You can add up to 10 photos, and videos.

Best practice for these is to use square images, and square video. Not ideal, but manageable. Don’t forget to use your new audience to promote them.

 

 

Facebook Boosted Posts

Facebook boosted posts behave like stories in Facebook’s NewsFeed. The best media to use are either single images, or videos. Boosted posts are most effective when you can tell a buyer a short story or quirky feature about a property.

The video above goes through a quick walkthrough on how easy it is to set up a post.

4: What’s The Opportunity?

You will be seen as being in the forefront of real estate by using the latest promotional tools.

Vendors will be happy to see you pushing the edges of marketing for your property, and targeted buyers will see your listings more.

These tools are incredibly cost effective and hyper targeted. More so than other traditional media forms.

Next Up: To find out more about how to leverage hyper targeted online marketing to build your own brand click below.

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