Yes, I said it.... I find no joy in taking listings. Instead, I find it extremely rewarding when I sell and close on houses. Like a bank, its primary focus is to make loans, not to hold inventory. Same applies to a Real estate agent. Over the years, I am trying to perfect my selling strategy, hence I employ the Systematic Home Selling strategy to all my homes. If 1 cannot meet all the criterias, I really could not take the listing.

The Systematic Market Approach to Home Selling employs these strategies:

(1) Pricing

I do not use a CMA - Comparative Market Approach. What I use is a pricing strategy very similar to what a home appraiser would use. I would give credit to all the upgrades and features (something that a Seller loves to hear, rather than Nope, your Board-on-board fence brings no added monetary value). Likewise, if a home lacks certain features and it could hurt. This pricing strategy takes over several hours to do. It studies Sold data and studying what this new listing needs to be priced at in order to be competitive based on its market availability.

(2) Internet Marketing

It is important to understand Internet Marketing and how capitalizing on different sites can capture more audiences for the Seller's home. Just having a website is NOT sufficient. Here in the Frisco TX area, our MLS automatically gets fed onto Realtor.com. However, based on my recent observations, buyers no longer use Realtor.com website as their primary search tool. My Systematic Market Approach utilizes Internet Marketing, websites, search engine optimization techniques and RSS syndications. Most Sellers do not understand the complexity of it but in the end, they know that I am out there on the World Wide Web for them.

(3) Home Preparation/ Staging

As part of the Systematic Market Approach to Home Selling, preparing the home for top-notch contract is essential. It includes staging. As an Accredited Staging Professional Realtor(R), I would come up with a Recommended staging list for home seller at the end of the listing interview. If the seller prefers to use a Professional Stager, a referral will be given to them. Staging is a part of a requirement that I would take the listing.

(4) Lifestyle Marketing

Every home has a story. My job is to tell the story and relate to Buyers on an emotional level. At the same time, I relate to Buyers on a personal level in terms of life conveniences. Hence, I not only market the home, I market the location. This by far has been the differentiator to my marketing strategy.

(5) Execeptional Photography Skills

They say that words speak a thousand words. With my passion for photography, I am able to translate that passion into my work - still photography and virtual tours.

(6) Other Details

(Credit given to Missy Caulk) I send a pre-listing interview prior to every the meeting. It helps me understand the willingness of client in preparing their home for sale, financial/ mortgage situation, and quite importantly, if they are planning to interview other Realtors(R).

(Credit given to Broker Bryant) I work on a 45-day listing. I understand that home selling can be stressful itself, and especially not knowing if the Realtor(R) would stick a sign in the yard, then disappear into Neverland. This 45-day listing is to show how I work and see if I could gain trust and confidence from my Seller clients. I reiterate to them that I may not guarantee selling the house in 45-days, but I want to earn their trust in 45 days. Sellers know the market and they do not expect miracle performances. What they want is an Agent who will be there for them, and guide them through this process.

Employing this Systematic Market Approach strategy has landed me contracts typically within 30 days - yes, in this market. Some with multiple offers. I do believe with all my heart that it works.

-----------------------------------------------------------

Some of my past clients and what they said:

Systematic Market Approach to Home Selling

“Well, without Loreena, we will still be pouring money out of our savings account while waiting for a buyer. In today's economy, we thought we will be sitting on the property for months. We did not listen to her advise 2 years ago and regret and therefore, as soon as our tenant left this time, we have asked Loreena for her help again and with her expertise, she managed to help us sell our house in less than a month on the market. We got our first offer on the 10th day and second offer on the 12th day, finally sold the house on the 14th day on the market. She was very helpful and went above and beyond to make sure that everyone is happy. We are happy that we believed in her and she made things happen.

 

 

 

 "We needed to sell our house first, before we could purchase another. Tough task in this current housing market. And even in a Buyers market, both are a challenge. All I can say is, WoW! You Systematic Market Approach to Home Sellingfar exceeded our expectations on both. Your dedication, knowledge, patience and professionalism is second to none. During the time when we were working with you, you were blessed with a new baby. Honestly, I was thrilled for and your husband, but a little concerned you may not be able to maintain your top notch performance in this highly completive housing market. Well, my concerns quickly faded as I realized, you had more energy than I did! While never compromising the health of your baby, you were always accessible, even if that meant talking to us from your hospital room. We joked all along about signing contracts right up until delivery and well, we did! You are truly committed to your clients. We got a fair price for the sell and found the "perfect" home for our family. You went above and beyond in my book. THANK YOU!!!! The happy memories we make in our new home will always include you and your family!"

 

 

"Loreena, you were so helpful in your advice on how to prepare and stage our home. We never dreamed it would

Systematic Market Approach to Home Selling

sell the first weekend! How can we thank you enough! You're wonderful. You under-promised and over-delivered! You did what you said you would do and then, went beyond. You were out of the country our first week but we could still reach you daily. Thank you!"

 

 

 

 

Systematic Market Approach to Home Selling  “Loreena is an excellent real estate agent in every aspect. She is extremely knowledgable of the real estate market, exhibits the highest integrity, delivers great results, and is very personable and attentive to our needs. I have extrememly high trust in Loreena. I would give Loreena the highest recommendation possible!

 

 

 

 

Answering Seller's Objections Up Front:

The question that I know bothers sellers are:

So, should I use a small, locally-owned independent real estate brokerage or should I use a national brand company with many agents?

Loreena Yeo - Frisco TX RealtorI could give you many reasons but in the end, Sellers only care if their homes SOLD. All I could say is.... thus far, no buyer's agents or buyers did not buy Seller homes' because they are a small, independent brokerage firm in town. Also, being an owner of a locally-owned brokerage firm has not stopped me from submitting contracts to other Sellers who may or may not be represented by a national brand or locally-owned. We agents are smart. We never let names or signs on our business cards to stop us from doing business.

Many agents love to capitalize on their big name brokerage. Yes, 400 agents bring some synergy but are all 400 agents actively selling real estate? Are all 400 agents going to produce a buyer for you? Or are you dependent on your listing agent to produce that buyer for you?

Some might say that their national brand comes with in-house counsel. Well, so does a 3:16 team REALTY. I work closely with several performing real estate attorneys in town. When I need them, I pick up the phone to call. If a client needs to be represented, I have a few good names to give out.

In the end, it boils down to confidence in ensuring that the sale of your home happens in a timely manner. I think all my Seller clients can tell you that.

 
This post has been included in Texas Information Collin County, TX Information Frisco, TX Information
Post is included in group: Selling Soulfully
Post is included in group: RealtorsĀ®
Post is included in group: REALTOR LIFE
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Post is included in group: Learn to be a Top Producing Listing Agent

70 Comments on I find no joy in taking listings

JUL
31
691,845 Points 72 Featured Posts Localism Sponsor Outside Blog

Loreena, I go through the same process you do to figure out the price, and especially when I'm in an area where I don't work every day, it helps me to understand the quirks of the particular neighborhood market.

9:52am • #1
265,744 Points 7 Featured Posts Outside Blog

All great items when listing a home. I do the same Internet strategy and a little more to obtain full exposure. Thanks

10:27am • #2
834,895 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

You couldn't pay me to take a listing.  I'll consult and train agents, but I don't have the patience to work with sellers today.

 

12:38pm • #3

I absolutely agree with your strategy...I do the same as well. I also prefer working with buyers :~)

12:46pm • #4

I have been getting my folks to list at the CMA selling price.  If they wouldn't go down I offer to show them their competition.  Then we usually get right with the price.  If not, I don't take the listing. 

12:48pm • #5
587,176 Points 63 Featured Posts Outside Blog

Loreena, I like the 45 day listing idea of yours. It does show your COMMITMENT to get things SOLD not just listed. In a strong buyers market, it is definitely working the buyers that are more fun, but you know what they say on the seller side, listers last.

12:57pm • #6
117,369 Points 2 Featured Posts Outside Blog

Loreena - your post title brought me in to read, and I stayed to read every word. I have to applaud your last paragraph about national brokerage vs independent small local brokerage. As you know, I made that leap earlier this year, and so far it has not hurt me one bit. This post is so well written, that I almost wanted to call you to list MY home ;). Well done!

12:59pm • #7

Very insightful and thanks for the info.  I am interested in what your pre-listing interview is comprised of.  Sounds like your plan works!!

1:06pm • #8
369,244 Points 23 Featured Posts Outside Blog

Hi Loreena... you know how highly I already thought of you, and that you have such a client focused and systematic appraoch to address seller's needs in selling their homes only further enhances my opinion of you as one of the most competent and professional broker/agents in the metroplex!  Congrats on your gold star!

1:10pm • #9
122,288 Points 9 Featured Posts

With an average market time of 49 days, I don't hold inventory, even in this market. I used to dream of having a long list of inventory to bring in buyers and plump up my ego...now I list and sell, list and sell, so I stay under 10 listings most of the time. I'm the opposite of some - I love to list. I list for 6 months, and sellers can leave every month on the first if they are unhappy. I'm not chaining anyone to the wall, and I'm not chained, either - I can leave too, if it's not working out. Good post - lots of good info for running a successful business. I love the name of your company, if I haven't mentioned it before!!

1:12pm • #10
Outside Blog

What I like about your 45 day listing pitch is does overcome the sellers I don't want to be locked in a long term listing objection, what I don't like about it is outside agents will be working at listing you about to expire listing rather than really trying to sell it they will show the home just to let the owner they were active in showing there home and of course they could do so much more if it were "their listing"

I would rather take a long term listing but give the owner an out clause if they were not happy

1:24pm • #11
Outside Blog

Hi Loreena - Thanks for an interesting and educational post. Think your comment about getting the listing and disappearning is how I pick up expired listings!

1:35pm • #12
199,752 Points 26 Featured Posts Localism Sponsor Outside Blog

Hi Loreena !

What an effective system ! - this is a great guidleine.

... I was going to flag it for a feature, but I see it already has made it :o)

Nice testimonials too !

Cheers Loreena !

Sheldon

1:47pm • #13

Hi Loreena, I like your approach and the 45 day listing that you do. I think it shows confidence and commitment.  I agree with your answer to the question/objection regarding an independent vs national brand brokerage.  My broker, Coldwell Banker, would disagree, they tell us that the independent agencies are disappearing and that they are here to stay.  I think both are here for while.  I think most people hire people and not the broker.

1:53pm • #14
574,225 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Good job, Loreena.

Having a systematic approach is the way to go. I have an unconditional listing guarantee for my Sellers, so if it is not working we can walk away. Gives the sellers confidence.

Congratulations on the star.  Thanks for the mention  Great testimonies!!

2:11pm • #15
199,700 Points 6 Featured Posts Localism Sponsor Outside Blog
Loreena - this is an excellent post about having a systematic approach to selling, not listing. The first one is key - pricing.
2:47pm • #16
248,367 Points 2 Featured Posts Localism Sponsor Outside Blog

Loreena - Congrates on the featured post. THis should be the case with all of us, some just don't look at it this way.

3:02pm • #17
475,415 Points 50 Featured Posts Outside Blog

Thanks guys.... I just got back from a lunch date and my inbox was swamped. Now I know why.

 

3:41pm • #18
317,397 Points 8 Featured Posts Outside Blog Hit Router

Hi Loreena. Love that photo of you in the blog! Well written and good advice, as usual.

4:08pm • #19
147,526 Points

I love listings and the new business it brings. Like most, my clients are free to leave me anytime and I have never been fired. I have had clients I wanted to let go. I must be doing something right. Thanks.

5:40pm • #20
608,617 Points 244 Featured Posts Localism Sponsor Outside Blog

Great outline for you listing system Loreena. You make me proud :)

6:31pm • #21
149,270 Points 6 Featured Posts Outside Blog

Overpriced listings are the biggest time and money wasters.

After that, it's listings that have too much drama going on.

 

7:35pm • #22
383,526 Points 9 Featured Posts Outside Blog

I do a cma and it is very similar to what an appraiser would do.    I do not understand how a cma would be different than that.  The appraisals that we see are based on the market approach.. that's what the banks and lenders want.

7:56pm • #23

I think you are a forward thinker and I like some of your ideas.  I don't know that my brokerage agency would go for the 45 day list idea.  But I did for the 1st time think that their might be life after my sting with national agency.

9:38pm • #24
352,505 Points 3 Featured Posts Localism Sponsor Outside Blog

Selling the listing is the whole purpose of the listing, and it sounds like you really have a system to get it done.

11:29pm • #25
255,505 Points 2 Featured Posts Hit Router

Hi Loreena -- It's easy to see you are a class act with an exceptional and thorough approach to selling homes and your record speaks for itself!

11:34pm • #26

Thanks for the info. I have been on the fence rather I wanted to focus on listing properties rather than working with buyers, since the market is slow right now. The only listings I have ever worked with were from new construction. I will keep gathering information before I make the big decision. Thanks again!

11:37pm • #27
AUG
01
Localism Sponsor

Hi Loreena,

I enjoyed your post from beginning to end and really appreciate your approach. I went on my own at the beginning of this year and have not looked back. Thanks for your insights. The 45-day approach is a novel idea.

6:04am • #28
429,456 Points 47 Featured Posts Outside Blog

Loreena nice work with putting together this testimonial page and how you work as a professional ~ Well done!

6:39am • #29
Outside Blog

Agreed * well done and excellent presentation. Thank you for the reminder of the process to get the desired results

6:52am • #30
Outside Blog

I have really been focused on buyers and I am just getting back into listings.  Great comments and approach!  Thanks!

7:14am • #31
1 Featured Post Outside Blog

Thanks for your insight Loreena,

The only thing I would add at the end is one must have the willingness to walk away from the non-starter listings. I have been in circumstances where after the listing presentation, I have walked away from the listing because the strategy wouldn't work with the seller's expectations.

The seller is usually quite surprised when this happens. Sometimes, after interviewing or even trying out other agents, they call back with a little more realistic expectation.

I really think that it's very important to be confident, stick to your guns, and not spend all that time and effort producing a rational marketing strategy and then compromise yourself for some elusive stroke of luck that in spite of your facts and hard work, maybe the irrational plan will work out in the end.

7:44am • #32
220,583 Points 6 Featured Posts Outside Blog

Loreena, it would appear that any client, both buyers and sellers would benefit from working with a smart and savvy businessperson like you.  You go girl!  I like the way you think.

8:14am • #33
403,069 Points 16 Featured Posts Localism Sponsor Outside Blog

I take great joy in taking listings!  That's because our listing to contract to closed escrow percentage is in the high 90s.  For every 10 listings taken, I know that at least 9 will sell - and that gives me great joy!

8:17am • #34

Hi Loreena,

Very educational post.  This type of information is invaluable and I've copy and pasted it to by MS OneNote's for future reference.

Thank you!

 

8:23am • #35

I like your post and am interested in your pre-interview questionair you send to the seller's - what type of questions do you ask, motivation to sale? and other questions along those lines?   Thanks again for your article.

Marlene Berrier

8:40am • #36
1 Featured Post Outside Blog

Loreena - great points, precise and very appealing to consumer.. I use CMA PLUS...which is a similar way to yours...and of course staging is non-negotiable...plus adding a little of personality for each listing goes without saying...

With smiles,

Bo in Yukon

8:48am • #37
1 Featured Post

The CMA method (appraisal like) is called Paired Sales Analysis.

I use a system for my listings and investments called Virtual Office from Hillside Software. It automates that process.  http://www.hillsidesoftware.com

Their Easy CMA puts the value of a home within +/-1/2% of the value (appraised independently or, ironically, non-distressed sold price ) about 98% of the time.  When I tweak the numbers for the home aesthetics and the neighborhood aesthetics, I close that gap to about to about 99% of the time being within +/-1/2%.

I can also put the need to sell in 30/60/90 days' pricing. (Here in Denver, we are at 100 days on market - which means when under contract.)

How long does that process take? 10 minutes per CMA.  Huge time saver!

I have no interest in pumping Hillside Software, but Loreena, that system might help you automate that effort.

Michael

9:04am • #38
Hit Router

Hi Loreena, nice blog. love the pics also.  thank you for sharing. very informative!

9:24am • #39

A great article, I wish all of those points could be applied here. In Temecula Valley it is a very different picture. Almost all homes are either short sales or bank owned. Many of the sellers do not want to sell. They are loosing their homes so many of the homes do not reflect pride of ownership. Their emotional state of mind is misplaced and that often making it difficult to show the home. We do have more buyers than sellers so it all balances out but it is a market that adjustments have to be made to make it through the process. Internet marketing is absolutely key here due to the circumstances. When the market comes back it would actually be fun and interesting to apply all of your great marketing techniques.

 

9:25am • #40
475,415 Points 50 Featured Posts Outside Blog

Michael - I have a software that runs the comps automatically. It's not by Hillside though. Unfortunately, I tried it and I didn't like the automation. I still like plugging in the numbers myself. Each situation is unique and the software cannot account for that. I prefer my excel spreadsheet.

 

9:27am • #41
199,489 Points 1 Featured Post Outside Blog

Staging is a part of a requirement that I would take the listing. I am only interested in people who are motivated to sell and will take the effort or find someone who will get this house prepared for the market. Yes, I do roll up my sleeves depending on the situation.  I give an master plan and help them stay on track working the plan. My vacants are all fully staged, right down to artwork and linens. They sell fast and for close to asking because they are priced for the market and stand out above their competition.

9:29am • #42
475,415 Points 50 Featured Posts Outside Blog

Here is Missy's post about her pre-listing questionaire. I cannot get to the personal emails this weekend as I'm suppose to be off to celebrate my birthday weekend. So here it is:

 

Remember, I didn't create this. Missy helped walk me through it:

 

Missy Caulk's post about Pre-listing questionaire

9:31am • #43
475,415 Points 50 Featured Posts Outside Blog

Here is Broker Bryant's post about his 45-day listing. I didn't figure it out on my own. But it works EVERYTIME. I beat large brokerages or small ones because I dare put the challenge on the table.

Broker Bryant's 45-day listing agreement

9:34am • #44
475,415 Points 50 Featured Posts Outside Blog

I went back to re-read Broker Bryant's post.

Like him, most of my houses get contracts by the 3rd weekend and I usually never have to talk about extending my listing because it hasn't sold. The only times I have to do that is because it takes another 30 days to close.

Many times after I go back to Sellers to ask why they chose me in the first place, it was because of this.

And I tell them, if you didn't like it, you don't even have to wait for the 45-days to be up, just tell me right then.

9:39am • #45
145,399 Points 7 Featured Posts Outside Blog

Hi Loreena,

We call what you are doing the cost approach here in Ontario.  But it really is a CMA because you are using past sales for your data.  Plus you are using current listings on the market to compare.  You are right, your approach is very time consuming.  I am filling out forms now for an American Relocation company for past clients who are moving to Cleveland.  I use past sales, showing the photos to point out to the potential seller how their home is more superior or inferior.

We have to take a minimum 60 day listing here.

9:43am • #46

I recently QUIT real estate in April (after 24 years) to focus on growing Gold Star Referral Clubs full time.

Having said that, during the last 2 years, my system had an average sale time of 44 days - sign up to sold!

The only thing missing from the above, is a Pre-Listing inspection.

Every one of my listings ordered a "seller-paid" home inspection from a preferred inspector. One that I knew, liked, and trusted that would be honest to highlight any potential areas of concern for the buyer. Seller would have the opportunity to repair or rememdy the situation BEFORE it became a point of concern, or a deal-breaker, for the buyer. We even gave the buyer a copy of the report.

Every agent that has done any business knows that there are some great inspection companies, and some that begin well...but end in a nightmare. If the seller chooses the company, with your recommendations, they have a much better chance of an honest inspection.

In Tulsa, I used A-Pro Home Inspection exclusively. A-Pro offered a very favorable, low cost "re-inspection" for the buyer (I think about a $75.00 charge at the time of re-inspect). The buyer would meet with A-Pro, ask all their questions, look at the "problem" areas, and discuss that the work had been done, or what it would take.

Really made my life, as a Broker/Owner easy.

Happy Sales,

Todd Davis, Gold Star Referral Clubs...Where business is made easy.

9:57am • #47
Hit Router

Great post, Loreena! There's a group of agents here in Austin that are networking through a group called Max Avenue, spearheaded by a really talented guy named Harold Ware. We have a system called the Maximum Value Home Selling System and our CMA process is very similar to the one you've described. It's amazing how few realtors understand how the appraisal process works and how similar it is to what should be done during the listing process to help determine the value of a property.

I like your idea (or Broker Bryant's idea) of the 45 day listing agreement.  I've always made it clear (and even put it in my listing agreement) that my clients are free to leave at any time they feel I'm not doing my job but this is an even better way to indicate my commitment to superior service. I'm going to give that one more thought.  Thanks for sharing (and thanks for being my Ambassador!).

10:10am • #48
140,138 Points

Loreena, I wish that I could find ONE agent in my area that truly used an approach like yours. Education here is really needed but I can't get anyone involved with AR.  They sign up but leave it there.  When I want to sell my house, (not any time soon) I will have a problem. 

10:43am • #49
Localism Sponsor Outside Blog

Great post!  I list for 6 months also but if someone is not happy they know they are free to leave the listing agreement.

11:39am • #50
475,415 Points 50 Featured Posts Outside Blog

Thanks Susan. It was great to talk to you just now. I will try to enjoy my birthday weekend. I'm still having hot flashes. What a world we live in.

1:07pm • #54
Outside Blog

Great post.  The process you describe for pricing your listings is the only one I know ... I use an actual appraiser's "guidelines" for the adjustments 'cause these days, it's not only important to price the home to sell, it is also important to price it to appraise!

When a seller balks at the price range I've determined, I, too, offer to take them around to some of their competitors.  If that doesn't bring the sellers into the real world, I suggest they find a different agent.  Because, like you, I hate to list, but I love to sell.

Last point:  I've noticed lately that the first offer is often the best one they're going to get.  Example:  I listed a home for $215k recently (that's really low in our market, even now).  Received our first offer for $208k about a week later.  Seller wanted to wait to see if she'd get full price.  I was understandably appalled! A month later, we got an offer of $180k!  Now the seller was appalled!  I convinced her that in a declining market, it could only get worse.  So she signed the offer.  Unfortunately, when the pre-approved buyer applied for the mortgage, rates had increased, and she no longer qualified.  Now, another month later, we've received an offer of $170k -- and my seller said "You should have MADE me take that first offer."  I explained that, with my shotgun in for repairs, I had no way to MAKE her take that offer!

 

 

 

2:28pm • #55

Loreena;

Great post and great share.  Way to go by innovating and not doing the same old thing...Wishing you continued success

2:38pm • #56
387,416 Points 2 Featured Posts Localism Sponsor Outside Blog

I am so glad you started out by saying you get no joy in listing. I am 100 percent with you on this. Thanks for the post . I used to think it was just me who thought that way

3:28pm • #57
183,104 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router

A well written article.  I think upgrades are hard to handle.  Sellers want credits for them, but I buyer is less likely to look at a home that is priced much higher than the comps.  Some of the upgrades are not upgrades that have value to the Buyer.  Sellers will never fully recoup the upgrades and buyers need to be educated as to why the home is worth more. 

3:58pm • #58

Great post!  I wish every listing agent would use your system instead of selling the listing.  Can you imagine how much inventory we could move if we all got on the same page.  As a buyer only agent, I get real tired of hearing that my clients are making low-ball offers.  Then when I do get the opportunity to present my clients offer in person and show the seller why we are making that offer-All of sudden, we're negotiating a win-win deal.  If the seller doesn't like our first offer-I have 3 more ready to go.  It's either price or terms.  If your seller is serious about selling their home (not testing the market), and you price it right the first time,  Your listings will get sold, quicker than you think.  

4:14pm • #59

About independent agencies vs national franchises - It may depend upon the area you're in, and it always depends upon the broker and the agents in that specific office.

For 9 years I ran an independent office in a small town - we quickly "beat out" the other 5 agencies through better marketing and service, but then our landlord rented the office space next to us to a national franchise.

What happened was strange.

The local people stayed away from them, believing that that they were "strangers" they didn't want to deal with. The "tourists" coming through town stopped there - and quickly finding no service, came next door to see us.

Our loyal supporters were outraged when the landlord let them in, but having them there actually increased our business!

Alas, after about 2 years they shut their doors and went away...

My take: Unless you are counting heavily on buyer relocation referrals from other areas of the country, having a "big name" agency doesn't make a bit of difference. The service you as an individual give to your customers and clients is what will build your business.

Congrats to you for doing such a good job! (Oh, and for a well-written post!)

Marte Cliff, Real Estate Copywriter
www.marte-cliff.com
writer@marte-cliff.com

 

 

 

 

4:31pm • #60
4 Featured Posts

Loreena, I love this! It's exactly what I do. I'm tryiing to get my sellers to understand that it takes me several hours to get a selling price, that I preview every house in their neighborhood, etc. And that the staging and prep work takes TIME and Effort on their part, and knowledge on my part. I'ts a talent that many agents don't have.

Thanks for putting this into such great words. I only take joy in SELLING the house,not taking a listing that won't sell if the seller's don't want to listen to me.

6:55pm • #61

Thanks for sharing your successful strategy, Loreena. I'm going to give more in-depth thought to your pricing strategy and see how closely I'm following it. I, too, get seller-paid inspections done before the house debuts--the more information a buyer has before making an offer, the less chance for an offer going south.

7:53pm • #62
157,525 Points Localism Sponsor Outside Blog

hi Loreena - I was good to read how your clients appreciate your professionalism.  Great testimonials.

9:11pm • #63
AUG
02

I believe in the staging and the having great photos, but I really never put to that much though into marketing the location, a really great idea

12:16pm • #65

Great post and thanks for all the links to previous postings. I want to ask the agents that ask for the pre-inspections what their sellers reaction is when they mention it. I think it's a great idea, one that I had forgotten about since my area is saturated by foreclosures, Miami. I told myself I will spend more time reading & refreshing my skills because the foreclosure properties in Miami is tuning me out of what I knew real estate to be.

http://www.zmiamirealestate.com

 

 

 

 

5:24pm • #66
Localism Sponsor Outside Blog

Loreena, great post as usual.  I learned so much!  Thanks for sharing.  I think I may give it a try as well.  Happy Birthday!

6:46pm • #67
AUG
03

You are very thorough in your preparation and execution of a listing. Makes it easy for buyers to give a definitive YES! I want this home!

9:42am • #68
475,415 Points 50 Featured Posts Outside Blog

Sara - If I have it my way, I would love to sell the home to the first buyer that walks in. I've really done that in the past. Not all, but many of them.

9:50am • #69

I couldn't agree with you more.  Listings COST money whereas I like to MAKE money.  Do your job people!

3:57pm • #70
AUG
04

You are moving toward turning home listings into a science. Good post.

7:03am • #71
AUG
07
2 Featured Posts Localism Sponsor

Hi; I especially like your focus on marketing the location! It makes all the difference in the world.

12:20pm • #72

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Loreena Yeo - Broker|Realtor(R) of www.Frisco-TX-Homes.com (214) 783-2210

Frisco, TX

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Address: Frisco, McKinney, Allen, Plano, Valley Ranch, Little Elm, The Colony, North Dallas, Addison, Frisco, TX, 75035

Office Phone: (214) 783-2210

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I am an encourager. That's what you can expect from me. I'm a Half Full person rather than Half Empty. I choose to make those around me better because I can. Whomever and wherever they are.
Sharing my views about what I'm passionate about. This is my blog. With a servant's heart, I only have one goal in mind. To serve you wherever you may need me the best way I know how. Whether it is your real estate needs or your strive for business excellence. This is what you could expect from me.

For your real estate needs, this is a great opportunity to participate in the Frisco, Plano, McKinney, Allen & northern suburbs of greater Dallas. real estate market if you are financially and emotionally ready. Specializing in first time home buyers' needs, luxury homes, short sales and pre-foreclosures, multi-offer negotiations. Sellers can expect a carefully crafted systematic market approach in marketing homes. Hence work with the realtor who does it like none other. You can expect advice and opinions of a conservative perspective on this blog. There are so many things I could do, but I CHOOSE to serve your real estate needs. I couldn't think of anything else I rather do more passionately.

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