Recently in my office an initiative started to create an internal "HOT LIST" of properties.  A property to be worthy of the hot list has to meet a couple of criteria:

  • Priced to Sell compared to Relative Properties
  • Something Unique, Special, Remarkable that Sets this property Apart from the Crowd
  • A property that "YOU" would buy if you were in the market for this type of apartment

The hot list would be circulated between agents and we would see some potential deals for our customers.  I think this idea was great.  I recently heard the quote, "You Sell what you See."  We all have customers that pass on properties for certain reasons, but throughout the process of showing a property or during a negotiation you see what a property could trade for.  You see that somebody could get a really terrific deal. 

One of the iron clad rules of the hot list was that the property cant be one of your own listings that you've been trying to sell for the past 10 months with no avail.  You can't exchange in a "I'll rub your back you rub mine" exercise of agreeing to recommend the listing of the person you sit next to in the office and vice versa.  We all know when we see an overpriced listing!

I look forward to seeing this week's hot list.  There are a lot of super creative, very smart, productive agents in my office and I'm sure they come across some interesting apartments in their daily routines.  I am hoping some of these properties fit the bill for what my customers are looking for.

If you would like to receive the Hot List just to see what properties are being recommended contact me today (917)837-8869 and I will put you on the list.

 
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7 Comments on Do you have a Hot List?

MAY
16

This is an idea we used years ago.  I think that it will work well for you.  This market needs some new "old" ideas.  Good luck! 

8:20am • #1
284,122 Points 4 Featured Posts Localism Sponsor Outside Blog

This is a great way on building market knowledge and networking .. keeps agents from focusing only on whats in front of them

8:22am • #2
149,270 Points 6 Featured Posts Outside Blog

I think it's a great idea, as long as you have a fair amount of people who participate in the hot list.

8:58am • #3
Localism Sponsor Hit Router

Wonderful idea! Thanks for sharing this office team building idea! It will flag those properties that deserve it-- I LOVE IT!

9:02am • #4
148,187 Points 2 Featured Posts Localism Sponsor Outside Blog Hit Router

Great idea!  I had not heard of this.  Sounds like it is worth a try.

9:02am • #5
265,884 Points 7 Featured Posts Outside Blog

Yes-we have a hot list. I send out a hot list every week to my sphere of influence. I go sell them that way

9:14am • #6
292,715 Points 3 Featured Posts

We don't have a hot list, but maybe that is something to consider. Good Idea thanks for sharing.

9:21am • #7

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Morgan Evans-New York City Real Estate Expert

Manhattan, NY

More about me…

Prudential Douglas Elliman

Address: 26 W 17th St Floor 7, New York, NY, 10011

Office Phone: (212) 321-7147

Cell Phone: (917) 837-8869

Email Me

New York City Manhattan Real Estate market condition, tips for Condo and Co-Ops, help first time buyer, first time investors, pet owner buyers, and foreign nationals in understanding this housing market.



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