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1. Create a powerful listing presentation manual2. Quickly overcome the FSBO objection and get a commitment3. List every EXPIRED listing (and there will be plenty on July 1st)4. Build trust at every appointment by presenting yourself as the market expert
- Lawrence YunChief Economist of NAR
“In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”
- Jonathan Smokerealtor.com
“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”
“With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007.”
- Lawrence YunNAR’s Chief Economist
“Home sales typically rise in the spring and summer months, and we anticipate an acceleration in home sales that will surpass 2007's pace by late summer.”
- Freddie Mac
- Andrea RiquierMarketWatch housing reporter
I'm calling the end of the housing
…on to "expansion"
Trulia
Number of Homes for Sale 2016 versus 2012 by category
Chart1
Starter HomesStarter Homes
Trade-Up HomesTrade-Up Homes
Premium HomesPremium Homes
2012 Q1
2016 Q1
432K
380K
225K
234K
225K
398K
432
234
380
225
225
398
Sheet1
2012 Q12016 Q1
Starter Homes432234
Trade-Up Homes380225
Premium Homes225398
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1. Create a powerful listing presentation manual2. Quickly overcome the FSBO objection and get a commitment3. List every EXPIRED listing (and there will be plenty on July 1st)4. Build trust at every appointment by presenting yourself as the market expert
The 2 Major Mistakes 1. Bragging about
Themselves2. Bragging about
Their Company
“Everyone gets tired of someone who is constantly talking about themselves...
When approaching marketing, companies should approach it from a teaching perspective because
the moment they try to sound intellectually superior, they will lose their audience’s trust.”
- Marcus Sheridan, The Sales Lion
How do you create a powerful listing
presentation manual?
Enough Trust to Let You…
Sell possibly the largest asset their family owns
Set the correct market value on that asset
Set the time schedule for the liquidation of that asset
Set the fee for the services required to liquidate that asset
Build Rapport BEFORE you even get there!
The Summer Sellers’ Guide
Email it to your
DATABASEof past CMAs
What are the fundamentals ofyour company’s marketing plan?
How do you find and qualify prospective purchasers?
What is your company’s ability tomanage the overall process?
If you subscribe to services that help you stay abreast of market conditions (like KCM), let them know.
If you have any previous work experience or industry designations that separate you from other agents now is the time to mention it.
If you’ve taken a negotiation class in the past and received a certificate for it, take the syllabus or the brochure for the class and make it part of your presentation.
Building Trust is Crucial“Weary of misinformation, people are making integrity a new form of competitive advantage…More important than ever to building brand equity and differentiation, trust has become a precious commodity.”
Ford
1. Create a powerful listing presentation manual2. Quickly overcome the FSBO objection and get a commitment3. List every EXPIRED listing (and there will be plenty on July 1st)4. Build trust at every appointment by presenting yourself as the market expert
Have one of these every morning for breakfast…
The percentage of homes selling as a FSBO has decreased to 8%, the lowest number recorded since 1981.
FSBOs as a Percentage of all Home Sales
Chart1
1991
1993
1995
1997
1999
2001
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Series 1
19
17
15
18
16
13
14
14
13
12
12
13
11
9
10
9
9
9
8
Sheet1
Series 1Series 2Series 3
1991192.42
1993174.42
1995151.83
1997182.85
199916
200113
200314
200414
200513
200612
200712
200813
200911
20109
201110
20129
20139
20149
20158
By FSBO By AGENT
Typical Sold PriceFSBO vs. Agent
Chart1
FSBOs where buyer knew seller
All FSBOs
Homes Sold by an Agent
Series 1
$152K
$210K
$249K
151900
210000
249000
Sheet1
Series 1
FSBOs where buyer knew seller$151,900
All FSBOs$210,000
Homes Sold by an Agent$249,000
To resize chart data range, drag lower right corner of range.
Where Buyers Find the Home They Purchase Over the Last 11 Yearsby percentage
Newspapers
Yard Signs
The Internet
Chart1
200420042004
200520052005
200620062006
200720072007
200820082008
200920092009
201020102010
201120112011
201220122012
201320132013
201420142014
201520152015
Internet
Yard Sign
Newspaper
16
16
5
24
15
5
24
15
5
29
14
3
32
15
3
36
12
3
37
11
2
40
11
2
42
10
1
43
9
1
43
9
1
44
9
1
Sheet1
InternetYard SignNewspaper
200416165
200524155
200624155
200729143
200832153
200936123
201037112
201140112
201242101
20134391
20144391
20154491
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% of Buyerswho used an Agent
NAR
Chart1
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Buyers
0.75
0.77
0.77
0.77
0.79
0.81
0.77
0.83
0.89
0.89
0.88
0.88
0.88
Sheet1
BuyersSellers
200375%83%
200477%82%
200577%85%
200677%84%
200779%85%
200881%84%
200977%85%
201083%88%
201189%87%
201289%88%
201388%88%
201488%
201588%
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FSBOs Must Be Ready to NegotiateHere is a list of some of the people with whom you must be prepared to negotiate:
• The buyer • The buyer’s agent • The buyer’s attorney • The home inspection company • The termite company • The buyer’s lender • The appraiser • The title company • The town or municipality • The buyer’s buyer • Your bank (in the case of a short sale)
Reasons to Hire a Real Estate Professional5
They help with all disclosures and paperwork necessary in today’s heavily regulated environment.
They are well educated in and experienced with the entire sales process.
They act as a ‘buffer’ in negotiations with all parties throughout the entire transaction.
They help understand today’s real estate values when setting the price on a listing or on an offer to purchase.
They simply and effectively explain today’s real estate headlines and decipher what they mean to you.
1. Create a powerful listing presentation manual2. Quickly overcome the FSBO objection and get a commitment3. List every EXPIRED listing (and there will be plenty on July 1st)4. Build trust at every appointment by presenting yourself as the market expert
eGuides Available
1. Create a powerful listing presentation manual2. Quickly overcome the FSBO objection and get a commitment3. List every EXPIRED listing (and there will be plenty on July 1st)4. Build trust at every appointment by presenting yourself as the market expert
Present yourself as the MARKET EXPERT
“Value comes in the form of information and assistance. You want to establish a position where people see - through your social media efforts - that you know what you’re doing and are helpful…
The point is to make yourself useful and valuable. To build credibility; to build trust…”
Guy Kawasaki
According to Google, 2 of 3 people searching for a prospective agent research them “extensively online prior to working with them".
Offer it on Social Media
Thinking about selling a home in 2016? Here is a great guide to help you…
30%
60%
75%90%
10%The percentage of
potential buyers who will look for property
+15%
-10%
+10%
Market Value
-15%
Impact of price on visibility
NAR from Move Sales, Inc.
Multiple studies have shown that roughly
70% of the buying decisionis now made before the prospect ever talks to a sales person face to face –and this number is growing daily.
Chart1
1st Qtr
2nd Qtr
Sales
70%
0.7
0.3
Sheet1
Sales
1st Qtr70%
2nd Qtr30%
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Here is a great article
Social Media Content
Consumer MagazinesPresentation Materials
All the CONTENT you will ever need!!
14 DayFREETRIAL
www.KeepingCurrentMatters.com/trial
www.KeepingCurrentMatters.com/trial
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