Special offer

Proof in the Pudding

By
Real Estate Agent with Keller Williams Realty 0575737

So often Realtors representing Sellers, listing agents, are asked at listing presentations, "what is it you are going to do to sell my house?" It is a much more appropriate question nowadays with inventory that has risen and longer days on the market.

Pudding

The short answer might be something like,

THE PROOF IS IN THE PUDDING.

What I mean by that, is depending on one's experience in Sales, Marketing, and Real Estate in that particular area, some things work, others don't.

There really is no ONE technique that will sell your house. If you listen to enough agents sometimes, they'll either convince you open houses are a complete waste of time for marketing your house or it needs to be a "component" of an effective marketing plan.

 

 

What about Internet exposure, virtual tours, various web sites, enhanced listings? Which are the right places to market online? Most likely several.

Times change, the reasons houses sell in a neighborhood over the months and years change with time. A great agent reads the changes and adjusts the marketing mix  based on "why" homes sold in that particular area over the last six to nine months. Adapt quickly to stay ahead of the curve by staying up to date on what's happening in your market so you know what to expect next. Talk with other agents that have sold houses in that neighborhood and understand the "secret to their success." Was it a foreclosure, was the seller flexible, was it just a great house, did they find buyers from out of town, was it sold through a re-location company?

A terrific agent has many arrows in their quiver and tries many of them to get the job done including negotating skills and creative financing ideas or new programs with their partnered lender.

By working on the recipe, and and making sure the homeowner has everything going for them will give the greatest chance of a "sweet" and happy ending resulting in a happy buyer and seller at the closing table.

Kevin McGrath
Long & Foster Real Estate Companies- Fredericksburg/Spotsylvania - Fredericksburg, VA
Long & Foster Real Estate Companies
Now more than ever we have to be multi-faceted. I figure that if I don't try at least one new technique every week then I am behind the curve.
Jan 16, 2008 07:26 AM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker
Gary, I hope this is posted to localism...it's great information for consumers!
Jan 16, 2008 07:27 AM
The Entire Team of Price & Company Professionals
Price & Company Realty - Myrtle Beach, SC
I wish every Seller client we run into could accept your suggestions.  Many of them still feel that you should exhaust all efforts "just in case".  Meanwhile, thousands of marketing dollars are wasted and the property still sits.  Thanks for the article.
Jan 16, 2008 07:30 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Kevin: I like your idea of trying a new method per week, very structured and you see the results.

Lisa: I do send to localism so hopefully the public can read too if it is an area of interest.

Christopher: I know in a consultant role many Realtors talk about the waste of dollars on any or a little print media if spending it on Internet yields a better return. That's where the great agents act as advisors, but some sellers push back despite "whatever" you say.

Jan 16, 2008 07:40 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Gary,

 I agree. We have to be multi-talented and ready to change something at a moment's notice. With the changing market means changing tactics just like you said.

Jan 16, 2008 07:42 AM
Joey Remondino
RE/MAX Preferred Properties - Vienna, VA
Broker, GRI, E-Pro

Gary,

You hit the nail on the head, it takes flexibility to watch the market and change with it to best serve the client.

Jan 16, 2008 07:50 AM
Diane McDermott
Realtor®, GRI, Landis e2 Real Estate, LLC - Charlotte, NC
Charlotte NC Real Estate Market
Gary, great post! I agree adaptation is essential, hanging on to what used to work may not bring the best results, very well written!
Jan 16, 2008 07:56 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Mike: I think we are all turning into chameleons these days!

Joey: I think the client's appreciate it that we know what we are talking about.

Diane: What do they say somewhere? Adapt or die? Change is not easy at times but it is ever present, that's for sure.

Jan 16, 2008 08:20 AM
Mary Ann Grafft
Keller Williams Realty - Lubbock, TX
Hi, Gary, doesn't it drive you crazy though when you have no idea why one home sells over another fir reasons that have no explanation?  By the way, wish Eli hadn't been quite so on his game last Sunday.  Go Farve!
Jan 16, 2008 09:09 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Mary Ann: Yes, when it's a mystery of why the home sells that makes it tough. The Cowboys lost focus in December and never recovered! Choke city!
Jan 16, 2008 11:01 AM
Cynthia Tilghman, Realtor® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC
Hello Gary,
Yes, we must have an effective marketing plan and it differs from home/client to home/client.  Of course, I try to keep my magic wand handy at all times.
Jan 16, 2008 12:59 PM
Julie Neerings~Lifting Hearts ♥ Building Dreams~
Agent Referral - Salt Lake City, UT
Gary-So very true my friend.  We have to put out an aggressive marketing plan and use it effectively to get those listings sold.  I also believe that with that goes pricing it right.  I believe in being completely honest with my clients and keeping them well informed. Have a wonderful night!
Jan 16, 2008 02:59 PM
Latonia Parks
Top Bragg Realty, Fayetteville NC, Home of the 82d ABN DIV - Fayetteville, NC
Certified Military Relocation Expert
There are so many expectations to live with in this field but the only one that matters to the seller is that you sell their home.  Sometime I want to only deal with strangers instead of SOI if I may be honest.  One guy tells me last night...just get me 500K.  That works fine if we find a buyer willing to pay that much.  I will do some research later to see what he is working with.
Jan 16, 2008 11:01 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro
Gary--You are too the point with another well written post! A good agent will adapt to the changed market and with time and tenacity will get the home sold!
Jan 17, 2008 02:09 AM
Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!
Gary, So many things to consider when selling a home. Also, each home is unique and needs to marketed for it's uniqueness. Pointing out the good and minimizing the bad and getting as much exposure as you can, usually gets the job done. 
Jan 17, 2008 09:15 AM
Jo-Anne Smith
Oakville, ON

Excellent analogy, Gary, and how true it is!  No two listings are the same and no two deals are the same...ever.

Jo 

Jan 17, 2008 09:26 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Cynthia: Customization is key. Can I borrow your magic wand?

Julie: Pricing it right is critical or you have to walk away from the listing. Many agents won't do that and end up wasting time and their money.

Latonia: Just get me $500K, and what if it is not worth $500K? Magic again. Where is Cynthia's magic wand?

Teri: I like your tenacity theme. You have to put in hard work with some listings.

Karen: Right you are on emphasizing the strengths over the drawbacks. Price then becomes the great equalizer.

Jo: The voice of experience - how each case is so unique!

 

Jan 17, 2008 01:25 PM
Jan Evett
The Premier Property Group LLC - Rosemary Beach, FL
Broker Associate, 20 years+ in real estate

Hi, Gary: 

I first thought this was a new twist on the recipe post idea!  Of course I like the recipe posts!  This is an excellent consumer post... nice point of view!  Thank you for writing it.

Jan 17, 2008 02:41 PM
Virginia Hepp - Mesquite NV REALTOR
Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV
Mesquite NV Homes and Neighborhoods - Search MLS
Gary - I wrote a new listing presentation, in an outline form, describing my marketing techniques in step-by-step detail with "why I use this" and in the order that I do things.  I promised them an email update with flyers sent, website urls, etc, as each campaign went out.  It makes them appreciate my value to them and understand better what all I do for that commission.  I put a signature line on the 3rd page and asked them to sign it.  I presented this first, then got to comps and price.  No discussion on commission. I got 2 new listings last week.  -Virginia
Jan 17, 2008 08:02 PM