To Pay or Not to Pay… That Is the Question

Did you know that it's only in the United States that a real estate broker or agent can post a listing on a national portal for free? It's true – in most other countries you have to pay to put your listing online, just like we used to pay for a listing in the newspaper.

But that doesn't mean that you will always get the leads from these websites without paying. But hey, we don't get the leads from our listings on broker and agent IDX websites, do we? So what's the difference? I guess it depends on how you look at this. Some brokers feel that they should be entitled to the leads from their listings, whereas other brokers feel that their main responsibility is to increase the chances of attracting a buyer to the property, regardless of who brings the buyer.

That's up to you to decide, but for those of us who do send our listings to these sites, we can all benefit from asking the question, "How do I get the biggest bang for my buck?" or even, "How can I get the biggest bang for free?"

Let's start with the free stuff. You owe it to yourself to setup a profile on these websites so that you'll show up looking good next to your listings, and increase your chances of getting the lead. This is a no-brainer, and we have an article that explains how to do this.

Obviously you're going to get the biggest bang for your buck with paid enhancements. Just be careful. Make your decisions based on value and real data. Here are a few things to watch out for.