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Those in the real estate market and those interested in buying and selling
domains might find this noteworthy. Domain registrar and hosting provider
Godaddy released some statistics that indicate a surge in the registration of
domains named after street addresses.
Comparing 2005 (the year the housing bubble burst) to last year, Go Daddy
recorded a more than 320 percent increase in “home address” domain name
registrations. States and cities with the most registrations include California,
Florida, New York, Phoenix, Ariz., Atlanta, Ga., and Chicago, Ill. – all
struggling real estate markets. “We noticed an uptick on domain names
containing words like ‘street,’ ‘avenue’ and ‘road,’” said
GoDaddy.com CEO and Founder Bob Parsons. “When we ran the numbers, the trend
line was undeniable. More people are registering domain names matching their
physical addresses.”
According to the Cromford Report, which tracks Arizona estate trends, the
average time to sell a home in June ranged from 120 to 180 days (depending on
the city). Greg Swann, owner of Bloodhound Realty, an Arizona realtor
leveraging domain names and Web sites to sell properties averaged a remarkable
43 days during that period. The strategy involves registering the domain name
that is the physical address of the home. From there, a single Web site/domain
is built for that home including photos, floor plans and relevant
neighborhood information.
“Buyers typically want all the answers to their questions before
they talk to me,” said Swann, owner of Bloodhound Realty. “By making the
exact address clients are considering available online, all they have to do is
type the street address online and presto, the individual Web site pops up and
buyers get all the relevant info.” There's clearly a little more to it but it
is easy to see how a domain name and Web site can give agents and the properties
they represent an edge. “The longer potential buyers spend on the site, the
more they know about the home, the more they fall in love with it and the more
apt they are to make an offer,” Swann said.
“We’ve always believed domain names are 21st century real estate,” said
Parsons. “It makes absolute sense real estate agents are successfully selling
homes through domains named for street addresses.” As an editorial aside, I
bought a domain name for our home back in 2006 and by some sheer mystical
stroke of luck we sold our house in nine days. I offered the domain name to the
buyer and he looked at me quizzically - I wonder if he's changed his
mind.
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