Today many Realtors and new home salespeople are faced with an abundance of listings and available completed homes ("spec" or "inventory"). It's hard to focus on selling all of them at once, so here's an idea that I've been using.

If you have several homes to sell, pick one. It doesn't matter if it's the biggest, smallest, lowest or highest price, the shortest time on the market or the longest. It just doesn't matter which one you pick, but you must pick one.

Then to the relative exclusion of selling anything else you sell this home next - the one you have "adopted" as your pet project.

We all love a good challenge and thrive on competition. It's part of the salesperson's psyche. So here's the challenge: before you sell anything else, sell your new "adopted" home.

Have a contest with yourself. How long is it going to take you to do this?

Now, I don't mean that you should force it on someone who isn't right for the home, or vice versa. If you have the opportunity to sell something else, by all means do so.

What I'm talking about is becoming so familiar with the particular home that you select that you determine how to market it effectively. You look at the interior merchandising or staging. You critically examine the price, and if it's a reasonable asking price you figure out how to create sufficient value to merit the asking price. You have ready answers for any conceivable question or objection. You literally become an expert on that one home and act as if you must sell that home in order to survive.

With each new person you meet or talk to, your "adopted" home is the first one you mention or think about for that person. If you need to introduce or discuss other homes, that's OK - but only after you tried to sell your "adopted" home first.

Then after you sell that "adopted" home, repeat the process with another one.

 

6 Comments on For more sales, try “adopt-a-home”

Steve,

I like the concept!

I can see it now a web site that instead of adopt a pet, will read adopt a home...:)

02/06/2008 05:58 PM by Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission. (Florida List For Less Realty, Inc. Broker/Owner. )


Kind of interesting concept. I have one that is going to expire i am making that my house  this month. thanks Sharon Harris

02/06/2008 06:31 PM by Sharon Harris (AllQuest Real Estate)


Scott,

Thanks for reading the post. I'm glad you like the idea. Others are already using it. Forget the website. This is not for the public. This is for you. You don't advertise this as anything more than it is, but you get very passionate about selling it - and selling it soon.

Steve

02/06/2008 07:16 PM by Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates)


Sharon,

Thanks for accepting the challenge. See how long it takes you to sell it now that this is your main focus. Put blinders on and go all out as if this is your only listing and the only home you're allowed to sell. Keep me posted on your results.

Steve

02/06/2008 07:17 PM by Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates)


Good points. If we aren't passionate about selling our listings it definitely would be hard to encourage buyers to consider buying them. I have a good size inventory of homes now and fortunately can match us a home to most anyone I meet. I also have all my favorite loan officers cell numbers saved on my cell and am always doing unplanned match making with homes and buyers as I run into new prospects daily. You never know when your next sale will be and you need to be prepared!

02/07/2008 09:16 AM by Charity Lane (Remax 100)


Charity,

Great attitude. Even though it sounds like things are going well for you, take any home in your inventory of lisitngs and mentally put a gold star on it the home you're going to concentrate on selling next. Then identify buyers especially for that home, and repeat for the next home.

Steve

02/07/2008 09:32 AM by Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates)


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Real Estate Trainer: Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies (Hoffacker Associates)
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies
West Palm Beach, FL
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Tips, comments, observations, and strategies for real estate professionals on the sales and marketing of new homes and existing homes, as well as time management, personal marketing, lead generation, and customer management issues.


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