Real Geeks Blog

5 Old School vs New School Real Estate Strategies

Written by Professor | Dec 20, 2024 12:36:52 AM

5 Ways to Blend Old School Real Estate Tactics with New School Technologies

In our previous article, we explored the importance of blending old-school and new-school real estate strategies to create a winning formula. Now, it’s time to get practical. In this follow-up, we’ll walk through 5 actionable ways to combine timeless tactics with modern technologies to dominate your market and deliver exceptional results.

Whether you’re an experienced agent looking to adapt or a new agent eager to stand out, these strategies will help you strike the perfect balance between personal connection and technological efficiency.

 

 

1. Combine Circle Prospecting with Hyper-Local Digital Ads

Old School Tactic

Circle prospecting is a classic lead generation method where agents cold-call homeowners around a recently sold property. The goal is to build relationships and uncover potential leads interested in buying or selling.

New School Enhancement

Amplify your circle prospecting efforts with hyper-local digital ads. After calling a specific area, run targeted Facebook or Google Ads showcasing the recently sold property or offering a free home valuation. These ads can also include testimonials or video walkthroughs to build credibility and trust.

Practical Example

An agent in Austin used this approach after closing on a property in a high-demand neighborhood. Over the next week, they called 50 nearby homeowners and simultaneously ran Facebook ads targeting the same zip code. The result? Three new leads from the calls and two more inquiries through the ads, all within two weeks.

Why It Works

Homeowners are more likely to respond to your outreach when they see your name multiple times across different platforms. This dual approach positions you as the local expert, blending traditional and modern outreach seamlessly.

 

 

2. Host Open Houses Backed by Social Media Campaigns

Old School Tactic

Open houses remain a staple in real estate, allowing buyers to experience a home in person and meet you face-to-face.

New School Enhancement

Use social media to supercharge your open house attendance and engagement. Create a promotional campaign using Instagram Stories, Facebook Live, and targeted ads to generate buzz. Collect RSVPs via a landing page or event registration tool, and personally follow up with attendees via phone or text to confirm their attendance and discuss their buying needs.

Practical Example

An agent in Los Angeles promoted an open house by running a week-long Instagram campaign featuring teaser videos of the home. After collecting 30 RSVPs, they called each registrant to discuss their goals and interests. Not only did the open house see record attendance, but the personal follow-ups also resulted in two buyers committing to work with the agent.

Why It Works

Social media maximizes exposure, while personal outreach strengthens relationships. This combination not only draws a crowd but also builds trust with potential clients.

 

 

3. Use a Cash Offer Widget with Immediate Personal Follow-Up

Old School Tactic

Traditionally, agents would cold-call FSBOs (For Sale By Owner) or expired listings to offer assistance with pricing, market insights, or other resources.

New School Enhancement

Add a cash offer widget to your website. This tool allows homeowners to receive an instant estimate of their home’s value, attracting motivated sellers. Once a lead submits their information, follow up with a phone call or video message within 30 minutes to provide additional context and offer a more detailed evaluation.

Practical Example

An agent in Denver incorporated a cash offer widget into their website and used a CRM to trigger instant notifications whenever a lead submitted their information. By responding within 30 minutes with a personalized phone call, the agent secured three listings in one month—all from sellers who were initially just curious about their home’s value.

Why It Works

The widget captures interest, while the immediate personal follow-up builds trust. This approach converts curious homeowners into serious sellers and differentiates you from competitors who rely solely on automated responses.

 

 

4. Enhance Just-Listed/Just-Sold Postcards with Email Marketing

Old School Tactic

Sending postcards to announce new listings or recent sales has been a cornerstone of real estate marketing for decades.

New School Enhancement

Pair your postcard campaign with email marketing to create a multi-channel strategy. Include QR codes or personalized URLs on your postcards that direct recipients to a landing page with additional details, such as market reports or a virtual tour of the property. Once they sign up, nurture these leads with targeted email workflows.

Practical Example

An agent in Miami sent out "Just Sold" postcards to a luxury condo building. Each postcard included a QR code linking to a market report for the building. Of the 200 postcards sent, 35 homeowners scanned the code, and 15 provided their email addresses. Over the next month, the agent nurtured these leads with personalized email updates and secured one new listing.

Why It Works

Physical mail grabs attention, while digital tools keep leads engaged. This strategy bridges the gap between offline and online marketing, ensuring a seamless experience for potential clients.

 

 

5. Turn Your CRM Into a Personal Outreach Machine

Old School Tactic

Calling your database regularly is a timeless way to stay top of mind and nurture relationships.

New School Enhancement

Use your CRM’s automation features to prioritize your outreach. Set up workflows that notify you when a lead takes a specific action, such as opening an email, viewing a property on your website, or downloading a market report. Follow up with a personalized phone call referencing their recent activity.

Practical Example

An agent in Chicago used their CRM to monitor lead behavior. When a prospect repeatedly viewed the same property online, the agent received an alert and followed up with a phone call. During the call, they discovered the buyer was ready to tour homes that weekend. By combining automation with personal outreach, the agent closed the deal within a month.

Why It Works

Automation ensures you’re reaching out at the right time, while personal follow-ups make your outreach more meaningful. This combination allows you to maximize efficiency without sacrificing the human touch.

 

 

The Importance of Blending Tactics

As Greg Harrelson often says, "It really doesn’t need to be 'old school' vs. 'new school.' It needs to be 'old school-enhanced.'" Real estate is, at its core, a relationship business. The tools and technologies you use should enhance—not replace—the personal connections that build trust and drive success.

One of the greatest lessons from the pandemic was the value of human connection. Despite all the advancements in technology, people still craved in-person interactions. This principle holds true in real estate: blending the efficiency of technology with the authenticity of personal engagement is the key to long-term success.

 

 

Final Thoughts

Blending old-school tactics with new-school technologies isn’t just about staying competitive—it’s about thriving in an ever-changing industry. By combining the best of both worlds, you can create a personalized, efficient, and impactful approach to serving your clients.

Ready to take your strategies to the next level? Start small. Pick one tactic from this list and implement it in your business today. You’ll be amazed at how a few simple adjustments can transform your results.