How to generate real estate leads and strike gold on Instagram

Let’s play a quick round of “Guess Who?” — marketing tech edition.

Google is jealous that 40% of Gen Z use me [along with TikTok] as their top search engine.

I’m the No. 1 social media platform for people to connect with brands [like realty firms/Realtors!].

It’s been predicted that 35% of my users will make a purchase on my platform in 2023.

Amazon might need to move over, because 47% of American shoppers make purchases via my app.

What social media network am I?

In short, because we as real estate agents and brokers have products [homes/land/properties] and services [us!] to offer, Instagram is a powerful place to be. I dare say marketing ourselves on Instagram has felt like a gold rush of clients and closings for many of us over the last decade.

Is it too late to join or get active and generate leads for your real estate sales business? Instagram is still the most downloaded app in the world and the fourth-most popular network. That means there is still time to get it while the getting is good!

But here’s the thing: Being on Instagram and getting likes is NOT the same as growing your business on Instagram.

When I teach this class live, this is often the pain point with which people come into the class: “I’m doing all the things on Instagram like having color-coordinated posts and reels. I have a nice logo. I am posting at what some have said are the ‘best’ times and anything else various social media [*note: often non-real estate] gurus tell me. But I don’t have any deals from it.”

If that frustrated statement describes you, I want you to move away from the cutesy aesthetics of “doing it for the ’Gram,” because being “matchy matchy” is not bad but does not necessarily equate to leads. Instead, focus on what the agents I coach who are making $10 million-plus from solely Instagram lead generation know are the key components of every single post:

Image [referring to having an engaging/inspiring visual such as a video/reel, photo or infographic/text].

Story [this is tea time where you can be a storyteller].

Tags [geo — never the exact location for safety, hash, user: collab with and shout out others].

CTA [this is the call-to-action that motivates people to move from being a spectator to a participant].

For the sake of this article not turning into another doctoral dissertation [I am sure you do not have time to read a novel, ha!], let’s cover a couple of points from item No. 4, the call to action.

To begin, a call to action simply gives people direction so they can move from spectator to participant. I like to explain it as “Simon Says” for social media. If you have ever played or watched “Simon Says,” then you may remember that no one was to make a move until a phrase was given that included “Simon Says.” In this age of speed swiping and doomscrolling, many of us will not leave our feed of endless posts and videos to go to someone’s page, profile or website, which is where we more easily capture leads, if we are not given a “Simon Says” phrase, aka a call to action.

Here are some popular calls to actions, as generated from the popular AI tool ChatGPT (which, by the way, you can use to craft your own CTAs). Just be mindful of the law, including fair housing:

• Double-tap if you agree.
• Tag a friend who needs to see this!
• Click the link in our bio to learn more!

But let’s get specific to real estate. For example, in your stories you can share a fun fact or cool program via a photo or video and then use the free poll feature or Add Yours stickers to ask viewers if they have heard of it or not.

See my example where 85% of 185 responses tapped “had no clue.” That’s approximately 157 leads within 24 hours of posting one story! Can you imagine if you did this at least weekly? This becomes an excellent way to generate leads from those that said they “had no clue.”

As a twofer, you also get to stay top of mind with others who have responded [built in follow-up to the remaining 15%]. Boom!

I challenge you to feature at least one helpful real estate/housing-related program a week with a CTA. It could be something that your office is offering. It could be a program by a lender. It could be a cool option by a community organization in your area for homebuyers, homesellers, renters or landlords. You may want to feature local programs, but remember that there are also state and national programs that would be beneficial to your audience and will simultaneously position you in their minds as their trusted real estate professional. Double boom!

Interested in more on How to Strike Instagram Gold? Check out the complimentary webinar of the same name I am doing, hosted by The Residential Real Estate Council (formerly Council of Residential Specialists) on June 21, or watch the replay afterward. You’ve got this!

Dr. Lee Davenport is a real estate educator and former RE/MAX managing broker and agent. She is recognized as one of the top real estate coaches in the U.S. by multiple real estate organizations. Her doctoral research examined the lead-generation strategies of top agents.

3 social media apps made for real estate that luxury brokers love

Agents now have apps specific to the real estate industry that mimic social media platforms like Instagram, TikTok and Facebook. Luxury brokers have already jumped on this wagon, and you should, too.

Building and managing relationships is a crucial component of success in our business. These real estate-specific apps skillfully combine social media and property searches while building relationships with current and new customers. It’s another way to get your listings seen and for you to be seen as the go-to agent for your area.

REAL Messenger, 1060 and Ri.la are the trending real estate apps to keep your eyes on in 2023.

REAL Messenger

The REAL Messenger app is one of the hottest developments in real estate technology, and luxury agents are salivating. The platform offers a private community where buyers, sellers and agents can connect over exclusive pocket listings.

Users of the REAL app spend an average of 41 minutes perusing properties. The app feeds high-end properties based on location, and users can examine properties anywhere in the world. This allows luxury brokers to showcase their properties to a broader audience, which increases their clientele and sells their listings faster.

Pros:

• Free
• Self-branding
• Available on iOS and Android
• Search for specific amenities (for example, only kitchen pics)
• Includes a variety of listing ratings: value for money, quality of the home, and quality of location.

Cons:

• Can use only one filter at a time
• A limited number of locations
• Not user-friendly (no tutorial or user instructions)
• Search returns sometimes with unrelated results (ex., select bathroom pics and get a few plus unrelated pics).

1060

The 1060 app is just getting started and is one to keep an eye on. The app lets you view an infinite stream of properties in short-form video content. By resembling the video-sharing website TikTok, 1060 advances the concept of the high-end mobile listing beyond Real Messenger. The 1060 videos are brief like those on TikTok, under 60 seconds — just enough to provide a private preview of an exciting new property.

Real estate agents wanting to appeal to a younger, more active audience will find this platform helpful and exciting. The app enables agents to be more effective by providing a dynamic algorithm and system for generating leads through interactions with uploaded content. The app also is intended for zero-effort content, with agents able to capture videos on the spot, add music and post.

Pros:

• Free
• Includes property search
• User-friendly, with a TikTok-like interface
• Multiple search filters, such as number of rooms and price
• Available for Android and iOS devices

Cons:

• Does not have a website version

Ri.la

Ri.la makes promoting a property and finding a property as simple as browsing Instagram. The platform is user-friendly, informative, engaging and a great lead-generating tool. It encourages interaction, networking and lifestyle matching, while providing a range of crowdsourced on-market and off-market listings.

Verified agents can post their properties on Ri.la in minutes by uploading pictures, sharing content and establishing free connections between buyers, sellers and renters.

Pros:

• Free
• Realtors are verified for added security
• User-friendly, with an Instagram-like interface
• Crowdsourced content
• Browse for homes by neighborhood

Cons:

• Available only on iOS

How are luxury brokers maximizing these tools?

These real estate apps serve as private clubs where luxury brokers and agents showcase exclusive pocket listings to their high-paying clients and reach new customers. Agents can easily create captivating and effortless content showcasing their properties, share upcoming events and open-house dates, and generate leads from curated posts on these platforms.

Bottom line

Using real estate-specific social media apps can boost your business by expanding your market reach to sell more properties and engage new customers. Building these relationships via a social media platform can turn these new customers into lifelong clients. More sales and more clients means a better bottom line. Check them out and see how far you can take it. The sky’s the limit with these apps.

Anne Ewasko is a veteran Realtor in the Chicago area and a longtime techie. Visit her at anne.luxhomechicago.com.