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Why Virtual Tours? Chico Area Realtor Shares His Thoughts

Ryan is a Realtor in Chico CA, and specializes in working with sellers. Below are his thoughts on virtual tours and internet marketing.

Why do I pay for professional virtual tours on my listings? It is not because it is cheap, I will tell you that. For my current 15 listings, even with a volume discount, Chico Virtual Tours would charge me $100 a listing. That is $1500, before I ever see a dime, get an offer or open escrow. Why am I shelling out the big bucks for virtual tours?

Before I start, I want to add a side note about virtual tours. They are not all the same. If it isn't high quality, or at least better than a still photo, it is not worth having. Why would I get a virtual tour that is low quality, when I would be better off taking a bunch of photos? There is no point, unless your tours are professional, easy to navigate and high quality!

See what I mean
View my Current Listings

Why I do a virtual tour for every listing:

First, because I owe it to my sellers
Just like I put a sign in the front yard, I order a professional virtual tour. For a third of the price of a 2 day newspaper ad, I can have a professional piece of marketing, which attracts buyers during the entire listing period.

Second, to reduce unwanted showings
This is one of the most important reasons. I deal with income property, and many people think it is silly to do virtual tours for property that is being rented. Your average agent, if they even know about virtual tours, will only do them for their million plus homes. Well if you think about it for more than 2 seconds, you will realize that income properties with tenants, need virtual tours the most.

  • They appeal to out of town buyers
  • They are harder to show in general

So, if your investor is looking at 100 properties online, and one has a virtual tour, which one do you think he will remember. Chances are he won't take a trip up to Chico to view only one property. But if the numbers work and he can view the tour, heck he might even make a offer, site unseen. I have had it happen before.

Also, your fellow agent will appreciate it. They don't want to show a home that their client won't buy. Many times they will send them the tour first, and show it second. This helps you, and the home owner. If the home is occupied, why waste their time, and hassle them, when the buyer is not a buyer for that home.

And as a selling agent, why show a home if a buyer won't buy it. I instruct all my buyers to drive by a property before we show it. This is the same idea. I am not going to waste my time, the sellers time and the buyers time, if the buyer isn't going to like the neighborhood. Send them the virtual tour, and eliminate needless showings.

Promote to out of town buyers
More than half of my closed buyer transactions are from out of town buyers. When they come to town they are limited on time, and of course on the number of homes they can view at one time. By viewing the virtual tour first, they save my time, and theirs. I found that homes with virtual tours get shown more than homes without, especially, when the buyers have a good agent, who is busy, and doesn't show them every home in town. Also, your newspaper ad won't get you the kind of buyer exposure a virtual tour on the internet will. Like I said before, I have had calls with a buyer ready to write an offer, because they have seen the virtual tour.

My Condo Site with Virtual Tours
Chico Condos

Capture and Help Buyers
And of course, we are always looking to provide our buyers with the most information. Many times I will get a sign call from a buyer standing out front asking for more information. I simply ask them for their email, because I can send them a virtual tour at this very moment. I am not interested in jumping in the car, to show them a home they just happened to see while picking up the kids from school. If they like the virtual tour, they will call me back, and ask to see the inside. My time is very limited, I have no interest in wasting even 30 minutes of it. Plus, I now have their phone number and email, and can send them other homes that hit the market, or follow up.

Legal Documentation
I am not sure a virtual tour will hold up in court. But I bet you it will be a lot better than nothing. You show up with a virtual tour, showing the property in high detail, the jury or judge will know that you have your act together. Why not have a digital archive of every listing you ever had.

Realtor.com
With a virtual tour, you get massive exposure on realtor.com. Every realtor.com visitor sees your listing, and virtual tour with your face and number!

So now, does that $100 a listing sound like such a waste of your hard earned dollars?

A few good virtual tour companies I know of:
Chico Virtual Tours
Sharp Shasta Virtual Tours
Orange County Tours (coming soon)
I am sure you can find many more.

Interested in learning more about the Chico area or Ryan
Vaught Properties: Chico Income Property
Chico Condos: Chico Condo Sales
Ryan Vaught: Ryan's Residential website

Ryan Vaught, Realtor
Keller Williams Chico CA
Office Phone: (530) 343-2959
Cell Phone: (530) 519-1044

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    Currently Ryan has nearly $3.5 million in inventory, and will have sold over three million in the first two quarters of 2007. Please don't hesitate to contact me with any questions about Chico area real estate.

  • My Current Listings

    2477 Switzerland Ln, Chico$324,500
    3 Bedroom 2.5 Bath 1472 Sq. Ft.
    Clean as a whistle and cute, this doe mill home is very affordable and very nice. Enjoy todays comforts with yesturday's charm, in this 2 story home. Home includes all applian...
    Click for more information

    704 Madrone Ave, Chico$295,000
    3 Bedroom 1.5 Bath 1344 Sq. Ft.
    Clean, bright and ready for move in, this home has been completely remodeled inside and out. New tile, wood product flooring, carpet and much more. This home sits on a huge lo...
    Click for more information

    2099 Hartford Dr, Chico$280,000
    3 Bedroom 2 Bath 1380 Sq. Ft.
    Unit #25. Newer, fresh 3 bedroom condo in a great location, near chico mall, shopping and more. This condo has been maintained well and has all of today's amenities. Lower hoa...
    Click for more information

    2099 Hartford Dr, Chico$275,000
    3 Bedroom 2 Bath 1382 Sq. Ft.
    Unit #6. Newer and contemporary this cute condo is much bigger than most on the market. Built in 2005 it has all of today's amenities with a very affordable price. Close to ch...
    Click for more information

    137 York Dr, Chico$265,000
    3 Bedroom 2 Bath 1233 Sq. Ft.
    Affordable, neat, clean and ready to move in. This home has been maintained perfectly over it's short life span. Great landscaping, designed for easy maintenance. Has a above ...
    Click for more information

    2357 Oro Quincy Hwy, Oroville$259,000
    3 Bedroom 2 Bath 1200 Sq. Ft.
    Nice sized lot, with 100% remodeled home. Very affordable, private setting 3/2 home with detached garage. New stucco, new paint, dual pane windows and much more. Please take a...
    Click for more information

    384 E 5th Avenue, Chico$249,000
    2 Bedroom 1 Bath 909 Sq. Ft.
    Charming like no other! Located in the heart of chico's avenues, this home features new wood-product flooring and vinyl, a quaint kitchen and dining nook. New title in bathroo...
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    998 Jonell Ln, Chico$234,500
    2 Bedroom 2 Bath 983 Sq. Ft.
    Own a home for a condo price! Close to shopping and more. Less 1/2 mile to upper bidwell entrance. Hoa maintains all front exterior and common areas including private pool, sp...
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    2232 Park Ave, Oroville$222,000
    1524 Sq. Ft.
    Great location, this duplex has potential. Recent upgrades include dual pane windows and more! This duplex consists of two 2 bedroom, 1 bath units. They both have inside laund...
    Click for more information

     

    Comment balloon 5 commentsRyan Vaught • June 26 2007 11:32PM
    Why Virtual Tours? Chico Area Realtor Shares His Thoughts
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    Ryan is a Realtor in Chico CA, and specializes in working with sellers. Below are his thoughts on virtual tours and internet marketing. Why do I pay for professional virtual tours on my listings? It is not because it is cheap, I will tell you that… more