So you got a short sale listing...
Great.

Now what? I have noticed that a lot of people seem to keep running with the good old listing strategy they always used, and by that I mean roughly nothing.

In general, marketing a listing is a good idea, in this market, it is a really good idea.

Here is your typical marketing:

Take pictures.
Write a blurb for the MLS.
Maybe post it somewhere...
Oh, yeah, put a sign up.
And, let's not forget, ad it to your $$$ ad in the listingbook.

Sound about right? Ok, why am I not happy here? Because the person who does this is loosing piles of opportunity to: A) Get the property sold. B) Generate additional business.

What else can you do?
Here is what I do...

1. Learn to take pictures. Don't gimme that thing about a point and shoot being as good as a real camera. If you are too lazy (yes, I call it that, it is what it is) to learn, hire a pro - and QUIT whining about it alright.

2. Put FLYERS out. No black and white - although it works too, but color is preferred.

3. Use an 800# on all your signs. Most 800 systems will allow you to assign different extensions to different marketing mediums. Alas, I can tell if you are calling on my sign, or the flyer, or the listingbook.

4. Get the enhanced listings on Realtor.com - anyone doing it will tell you they get calls or have sold houses that way.

This is just the tip of the iceberg, and I think should be a minimum if you want to succeed. Sure you can do less, but if you already spent all the time and effort getting the listing, why not optimize your return by selling it fast?

I would like to hear what others do.
Sometmes I add Video to the list as well, but don't have a good template system yet, so that takes more time than I like.

Good luck.

 

8 Comments on Marketing your short sale property (or any other listing for that matter).

APR
16
215,931 Points

VEry good ideas,  I use an 800 number service for all of my listings.  I love it and so do the customers.

3:19pm • #1

Caron, I agree, my clients are very happy to hear their recording on the listing appt. Sells them in many cases.
I went so far that I had my signs printed with indivisual extensions, I don't care much for riders, looks like things were an afterthought to me (clients seem to like that sentiment too).
:-)

3:26pm • #2
117,098 Points 1 Featured Post

Actually, running an open house helps to get it going, plus bringing in a fresh crop of buyers

3:58pm • #3
454,036 Points 28 Featured Posts Localism Sponsor Outside Blog

Terkel, Some agents here could use that advice.  If you even SEE one picture on the mls, it's alot.  And I always wonder what they're hiding!

7:09pm • #4

Ed - Open Houses, you are so right. Fortunately I have a couple of listings to pick from, now if I could just get my clients to take a weekend off... I have to do them during th eweek, but I tell you, even 2-4 on a tuesday gets good traffic.

Carole - I know what you mean. Did you know, that the fastest selling listings have 21 images or more, this according to NAR (hey, someitmes I don't fall asleep).

9:54pm • #5

Sounds like great info. Thanks for sharing.  I wish you the best.

10:45pm • #6
APR
17

Best right back at you Nate. Thanks for dropping in.

2:41pm • #7
APR
28

Amen Terkel!  Why are agents reluctant to market a listing when they work so hard to get it?  Another great marketing tool is virtual tours and you can create them very inexpensively and sometimes free at www.OneClickTours.com .

6:01pm • #8

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Terkel Sorensen

Temecula, CA

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Century 21 Award - Redhawk

Address: 32401 Temecula Parkway, Temecula, CA, 92592

Cell Phone: (951) 805-0773

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Real estate and real estate investing. Buying REO properties.


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