The old statistic is that the average family moves and changes homes about every 7 years. But I would guess that with the cooler real estate market we’ve had the last few years, that’s gone down quite a bit. If you’ve been in business longer than that, have you noticed less repeat customers coming back to you to upgrade or change homes during the “recession”? If so, this means that there’s a large group that would probably like to change homes, but have held back because they’re concerned about not getting a price for their home that is high enough to pay off their mortgage, or because they dread the idea of their home languishing on the market for months and months. But with the new $6500 repeat buyers credit, you have a great reason to contact past clients and see how things have been for them. Since the law requires that they’ve been in their home for at least 5 years, this will be a group that you might not have spoken with much. (Hopefully you have been keeping in touch with them – you’re trying to build a referral based business!) But even if you haven’t, but have been wanting to catch back up with past clients, this is a great “in”. Be creative, and come up with a catchy brochure or simple letter asking if they’ve been waiting for good news before they start their next home search, then give info on the new tax credit, and have them contact you to receive a Current market analysis of their home, and to learn more about the very affordable homes in their area.
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