Listing yourself or using an agent
Hello BP,
We recently tried to list our apartments ourselves instead of using an agent, but we could not get enough applicants so we went back to the agent.
We spent over a month listed on multiple national sites like realtor.com, apartments.com, even Craigslist. We had several people interested, but never paid the application fee. We even emailed interested applicants to complete the process, over 40 I believe.
In the last few weeks since the agent took over, there have been more completed applications and now a couple of showings. Looking at the applicants, they are coming from the same sites we had listed earlier.
Granted we were listing in February, but it is only March now. Any ideas how the agent is getting more leads than we were when it appears he is using the same channels?
Hello @Theodore Tasoulas,
Did the pricing strategy change when the Realtor took over?
Do you know if the applicants are working with a Realtor of their own?
What you experienced has happened to us numerous times.
Although inquiries are coming from the same sites, there are 100+ sites that your agent's MLS listing syndicated to automatically. Not sure if this increase in exposure has something to do with algorithms but maybe someone on BP with more knowledge on this can chime in.
Glad to hear you're getting more applicants!
Abel
Quote from @Theodore Tasoulas:
Some markets experience a big increase in activity after January/February. Could also be that people are attracted to a professional manager instead of a private Landlord that is perhaps less responsive for maintenance and other issues.
