After working a marathon run of 5 days producing postcards with as many hours sleep (more or less) I began kicking around an idea.  Maybe this is done, may be not.  Only some of my work with the navy has this process be implemented.

 

After a sale has been transacted it seem that beyond a new toy or car payment and some “Just Sold” cards going in the mail, that sale is forgotten by the agency.  The reality is there is a wealth of information to be gleaned from the agents and or broker who made the sale.  Simply put, why not sit down for 30 min and look at why this sale was successful.  For the newer agents there is something to be learned and visa versa as new dogs can teach old ones some new tricks.  Here’s what I would want to know.

 

1)      What marketing steps did you take? Photos? Staging? Virtual Tours?  Newpaper?  Print? Which was effective?

2)      Tell me about the buyers?  Where the relocated? Vacation home? Investment?

3)      What do you think made the sale?   Location?  Price?  What was the asking price and how far did it change by the closing?

4)      What problems did you have with the process?  Title? Home Inspection?  Etc?

 

At this point I’m not asking trade secrets or personal information, just simply the facts.  This wealth of information could assist new marketing plans and advertising choices.

 

I think a group of agents would all benefit for this style of forensic study especially if it is recorded in a report or database. 

 

I know its off my blogs topic  but just a thought.

 

4 Comments on Forensics of a Sale

I soooooo miss Stone Harbor.  Went every year with my family.

01/21/2007 01:34 AM by ARDELL DellaLoggia (Sound Realty)


Excellent point:  ALWAYS debrief yourself after a sale.

What did you do right?

What do you wish had been different, and how could you have made that happen?

How could you have served your client better?

What did you learn?

Et cetera...

01/21/2007 04:23 AM by Mike Jaquish Keller Williams Realty, Cary, NC (Keller Williams Realty)


Andrew,

Love the idea. Trying to figure out a way of making this "tasty" to our powers that be in the office. It sure would be helpful!

01/21/2007 06:09 PM by Sabine Pyrchalla ~ Colorado Springs Consultant (Colorado Highlands Group )


The real trick is for all the agents to get over the "cult of personality"  and work together as a team.

The information processed is not propriatary or secret. 

Its really about demographics and being able to map, aquire a lock and engaging yout target with a better weapon. 

Business process. 

Establishing a good sound process map can take years depending on how big you are.  Establishing Best Practices can only help.  Establishing a STRONG  topographical dataset of your client base should be a goal of ANY business.

 Ill stop spewing ;)

01/21/2007 09:11 PM by Andrew King (HH Realty Group)


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Real Estate - Other: Andrew King (HH Realty Group)
Andrew King
Manhattan, NY
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