The makeover2 takeover contest is officially over and now the three teams left, sweat it out until Inman News Conference. Makeover to take over logo The last assignment was for both the apprentice and mentors. The assignment was to convince the judges, what it was about us that establishes value to your clients. What differentiates us from the masses of other agents in our market, what qualifies us to earn the trust, respect and support of our clients?

To say I’ve been spent last week, musing on this is an understatement. Heck I’m still thinking about it.

What distinguishes you from the rest of agents in your market area?


Many of you have looked at the video’s from Jeannette, Midori, Desiree, Brian, and Kim, and all I can say it personally I thought they were all unique and different. We also had to write a one page Word document on that topic and submit it. Here is part of the document that I submitted, I won’t blog the whole thing because it is too long and you would not read it all. (tee hee)

One question that is frequently asked is, “How are you going to get my home sold?”

I explain the difference in what I do and what the “typical” Realtor in Ann Arbor does. (This is your Unique Selling Proposition)

1) Pricing their property correctly is the most important thing I do. I spend about 6 hours on each CMA. I am able to tell them the market conditions in their area, their specific neighborhood, their school district and the absorption rate. I don’t want to list their home; I am committed to selling it. I explain that to help them sell, I will interpret for them what the market data has shown. Yes, they have access to ALL the listings but they don't have the knowledge to interprete them in most cases.

2) I go into great detail about my Search Ann Arbor Houses search site. It is a pay per click site. Very few Realtors in Ann Arbor do this and it makes me different. Their eyes pop open when I explain what I spend to bring buyers to them. There are times I open up the site and actually show them all the buyer leads. I let them know that each prospect (6000) in my data base will get a notification when their home hits the market. I explain how my 6 buyer agents follow up the people who register on one of my sites, calling them back within the hour.

3) I have them look at Google and find the back links to a listing that I am currently marketing. They see a home in their neighborhood, with links to my 3 blogs, 4 websites, national web-sites, (Trulia, Zillow, Keller Williams, Harmon Homes, Homes.com, Oodle, Google Base, Yahoo Real Estate, PropSmart, LiveDeal, Hotpads, YouTube, V-flyer, Real Estate Shows.)

4) I give them a quick run down on Search Engine Optimization and how it works and why I have a good position on Google. I explain I do this to push their home into as many portals that a consumer might be searching on.

5) I give them a list of references to call. I say, “Here call these past clients, and let them tell you if I did what I said I would do.” “Ask them anything you want to”. In 2007, 63% of my business was referred from past clients, or repeat business. 37% was from buyers and sellers who found me on-line through my blogs or web-sites.

6) I sign an Unconditional Listing Guarantee in front of them, so they know they can fire me at anytime.


Rarely is the question asked of me, “Will you negotiate your commission?” Occasionally, it is.

Here is how I answer, “No, I do not negotiate my commission. But, I don’t blame you for asking.” (big smile on my face) If they pursue it further, I will go back to the services I provide. If I was not confident in what I do vs. what my competitors are doing, then I would waffle. I am respectful of every business model and give them the freedom to work in whichever model they feel will best serve their needs.

At this point in my career, I have only lost one listing based on the commission and the sellers ended up doing it themselves by hiring a Fee for Service Company. We ended up writing an offer, negotiated directly with the seller and closing the home.


Declaring Your Value

I have found that value, is a relative term, depending on the sellers needs. What are they looking for? What is valuable to them? Is it technology, is it a team concept, is it a time factor, is it your years in the business? It could be anyone of those things and more. Listening to them, answering their questions determines if we bring Value to them.

What distinguishes you from the rest of agents in your market area?

I would love to hear how and if you declare your value, in the comments below.
 
Post is included in group: Makeover2Takeover

40 Comments on How do you Declare YOUR Value to YOUR Clients?

JUL
20
2008
327,819 Points 3 Featured Posts Outside Blog

  You are lucky if all of your sellers understand the internet..spelling google and yahoo is still a challenge for some folks. We are listing lots of seniors these days and many don't begin to understand the internet. It IS true that blonds have more fun...very becoming !

8:08am • #1
327,819 Points 3 Featured Posts Outside Blog

  You are lucky if all of your sellers understand the internet..spelling google and yahoo is still a challenge for some folks. We are listing lots of seniors these days and many don't begin to understand the internet. It IS true that blonds have more fun...very becoming !

8:09am • #2
421,204 Points 36 Featured Posts Outside Blog

Missy,

What distinguishes you from the rest of agents in your market area?

YOU are priceless!!!

Thanks,   Fran

8:11am • #3
10 Featured Posts

Most of my clients are techy and have done their homework on the internet prior to calling. They've also judged other agents by whether they find anything on them OR what their home's photos look like. People talk about buyers looking for houses on the internet, but sellers are there as well, looking for agents. I'm also finding that there's less discussion on commission. If I'm the only one they found then it's pretty hard to ask me for a discount! ... and it's real easy to justify it if they do.

As an example, I've been working with a 70-something couple for over a month, who are in the process of cleaning up a home they've lived in for 20-years - lots of "stuff". They're both retiring scientists moving to NC. Their home will be somewhere in the low $300's. We talk several times a week, as they want advice. They picked me SOLELY because of finding my web site and WP blog and they liked what they read and saw. Even after meeting with them and all the subsequent phone conversations, not once have they asked what the commission is.

How we (bloggers) present ourselves on the internet and how we present our listings is so--o-o critical to distinguishing ourselves from other agents!

BTW, love your new photo ... you look like you would be such a fun agent to work with.

8:37am • #4
237,898 Points 30 Featured Posts Localism Sponsor Outside Blog

I think I am fortunate that when most people call me they already know "me" from my reputation.   I have a feeling you are the same.    Being in the business for so long I do believe not only my statistics (success) but my reputation is what others can not compete with.  

Aside from that my market dominance, Internet dominance and office dominance certainly can pick up any slack.......... 

are you packed yet???

8:48am • #5
251,916 Points 44 Featured Posts Outside Blog

First, good luck to you and Kim at Inman!   I'll be watching reading with anticipation at all the great news to come out from there.

You have me thinking on your question.  Hard for me to put it into words (you're always so eloquent) but from a buyers agent perspective I believe there is quite a bit that I do that stands out from the crowd.  I feel a new post coming on... :-)

9:04am • #6
183,774 Points 14 Featured Posts Outside Blog

Hi Missy.  Great smile.  Great statement of what you bring to the table.

I need to work on mine.

Ken

9:31am • #7
386,625 Points 15 Featured Posts Outside Blog

Missy:  What a great post.  You have done such a great job in sharing with us what sets you apart from the rest of the herd.  Thanks for sharing.  And... by the way... your new picture and those cool new glasses look just great.  Nice choice !

9:40am • #8
822,998 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

This is great Missy.  I especially like:

I spend about 6 hours on each CMA.

Preparing a CMA is, for me, a most critical skill for listing agents and buyers agents. 

 

10:06am • #9
419,379 Points 47 Featured Posts Outside Blog

Missy your presentation mirrors much of what I do as well. Six hours though on a CMA?

10:17am • #10
359,355 Points 95 Featured Posts Localism Sponsor Outside Blog

Missy-this is excellent and I did not expect anything less from you..your reputation and the way you write..you are my agent of choice in your area! :) 

11:57am • #11

Missy:  I think the way you declare your Value is awesome!!  Most people do not realize how long it takes to prepare a CMA for a listing.  I had spent about this much time on a listing presentation and the seller would not budge on his price.  I, of course, backed away from the listing because my value to the transaction was not considered and his home is still for sale.

12:39pm • #12
245,111 Points 1 Featured Post Localism Sponsor Outside Blog Hit Router

Wow Missy absolutely amazing. Like Midori said your reputation speaks for it self. I find that if you answer what could be someones objections upfront they are no longer objections and are willing to pay for your services.

12:40pm • #13
477,691 Points 151 Featured Posts Outside Blog

Missy.... I am not a realtor and I can gather more information on what you all do, by reading a comment such as Lenn Harley's.  But I think this is most critical in any type of business. Very good post in awarness that I think not only many agents over look, but just business people in their respective industries in general.

jeff belonger

2:00pm • #14
134,631 Points Outside Blog

Missy I loved this post.  As professionals we have to declare our value.  I wouldnt want a doctor or a lawyer that couldn't justify what they can do for me if I enter their office and it should hold true for us as well.  If we don't know what makes us stand out then we should.  If there is nothing, then why should they choose us.  I emphasize my results, layout exactly what I will do for them, and back it all up with guarantees.  You just have to find what works for you and sets you apart.  Believe in yourself and then run with it!!

2:09pm • #15
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Lenn, Bill, Yes I do spend 6 hours on a CMA. I pull the comps, adjust what is obvious, pull the actives, I don't adjust the actives just use them for competition purposes. I go back the NEXT day and finish it up and take a fresh look. By the time I meet with them I know the area, neighborhood, competition and am confident in my price.

Des, No  I am not packed....still have laundry to do. Yes with 67% referred, it is reputation. But the other 33% it is internet leads and they don't know me.

Elaine, I rarely get asked that question either.

Sally and David, most people in Ann Arbor use the internet, so it is rarely a problem, if they are older then I meet with them again to do the signing.

 

 

2:17pm • #16
385,464 Points 1 Featured Post Localism Sponsor Outside Blog

We found that a few years ago talking about what we do that other agents don't do was very much accepted by sellers we have also expanded our presentation to cover as much as we can that is non traditional. Good luck at the conference.

2:25pm • #17
293,808 Points 12 Featured Posts Localism Sponsor Outside Blog

Hi Missy,

6 hours on one cma, yikes! Although will say mine do take a while, depending on the location of the property and the availability of comparables. Obviously some take longer than others.

Normally my potential sellers have a lot of information in advance (my seller's guide 2-3 days prior) and I can tell whether or not they've read through it. For me personally providing that much in advance they have it in more "bite-size" piecesand they're not quite as overwhelmed sitting at the table. It's divided into 5 sections including very individualized info on their home. During my appointment I try to point out the distinctions between myself and other agents.

Have fun in S.F. next week.

3:38pm • #18
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Lynda, aren't you coming? You are so close, I was looking forward to meeting you.

Terry, that's the point to show how we are different.

4:50pm • #19
254,683 Points 34 Featured Posts Localism Sponsor Outside Blog

Missy, you put a great deal of work into this. What is your forte? Is it listing or selling or a combo of both? Your presentation seems thorough although some of the "rural" people I work with don't even have a computer...  :-0

Later in the rain~Deb

6:00pm • #20
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Deb, I do the lisitings, my team does the buyers. I take buyers our occassionally, one today as a matter of fact. He found me on my blog and called, so I wanted to.

6:16pm • #21
238,930 Points 2 Featured Posts Localism Sponsor Outside Blog

Missy - I don't usually put in more than 1 hour on a CMA, unless I don't know the area (rarely does that happen). If that's what you need to do to feel comfortable with the price, then that's what you need to do.

6:39pm • #22
445,699 Points 28 Featured Posts Localism Sponsor Outside Blog

Missy, I'm sure you have established a great many people's trust by your online and in person presence....I would not hesitate to hire you or refer you.  It seems to me some people put their heart and soul into what they do to help their clients and I believe you're one of them.

7:42pm • #23
424,426 Points 10 Featured Posts Outside Blog

It is great that so much of your business comes from past clients.  You might want to check out my blog on what happened to Mary Mcknight.  Somebody posted a long attack comment.  wow is all I can say

9:12pm • #24
JUL
21
2008
444,593 Points 13 Featured Posts Localism Sponsor Outside Blog

Missy - You are so thorough I can't see any reason why you would not be the consumer first choice for a Realtor.  Best wishes in the finals.

8:03pm • #25
JUL
22
2008
223,346 Points 22 Featured Posts Localism Sponsor Outside Blog

Six hours on a CMA?  OK, it takes me a while to pour through the comps and make the requisite adjustments, but I generally only have about 2.5 into each one... depending on the property.  Then again, we probably don't have the sales volume that you do either. 

I love the new picture...what a great smile!

1:22am • #26
226,895 Points 29 Featured Posts Localism Sponsor Outside Blog

recognized you immediately from across the room. was great to meet you, finally. looking forward to more tomorrow.

cheers

8:03pm • #27
JUL
23
2008
408,913 Points 48 Featured Posts Localism Sponsor Outside Blog

Missy,

Cool new photo!  You must be in San Fran right now, and I look forward to your next post.  Pics, please.

Mike in Tucson

8:14am • #28
226,895 Points 29 Featured Posts Localism Sponsor Outside Blog

second place wasn't bad... looking forward to seeing what Brad comes up with on his video piece. should be fun.

cheers

7:56pm • #29
JUL
24
2008
254,683 Points 34 Featured Posts Localism Sponsor Outside Blog

Hey Missy, It's July 24th and I have heard absolutely no word about what's going on at Inman. Are you having a good time? Is it one big party? Are you resting or are you exhausted?

Anyway, I'm like everyone that wants an update...have fun, stay safe and I guess we will hear when we hear!

Later in the rain~Deb

10:15am • #30
226,895 Points 29 Featured Posts Localism Sponsor Outside Blog

was a great time. what a fun lot we are. back at work now, with about a month of new stuff to learn and  do.

whew!

10:48pm • #31
JUL
25
2008

I have found that value, is a relative term, depending on the sellers needs. What are they looking for? What is valuable to them? Is it technology, is it a team concept, is it a time factor, is it your years in the business? It could be anyone of those things and more.

Good evening Missy,

Those are all good points.  If I may add one thing to your list, I've noticed that my most successful clients all have great personalities.  They make home buying and selling fun!  They typically become friends with their clients.  It's true.  People do business with people they like.  So my guess is that some of your clients have chosen you because of your personality.  :)

Not Yet Licensed
3:45am • #32
408,913 Points 48 Featured Posts Localism Sponsor Outside Blog

Missy,

I really like the previous comment!  People who make life "fun" are the kind of people we gravitate toward.  You're one of those, IMHO.

Mike in Tucson

10:04am • #33
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Hi Everyone, yep still in San Francisco, haven't posted yet due to having more fun meeting people in real life than through the computer.
We fly out tonight, so will do some updates over the weekend.

There are lots of photos on Flickr.com/missycaulk.

Then click from my site to Ines she has a group for the whole conference.

10:14am • #34
JUL
26
2008
275,850 Points 29 Featured Posts Localism Sponsor Outside Blog

Missy, this is a great example of your value.  I love the time you take with each CMA.  You are a true professional.  You and Kim did an awesome job!

1:06pm • #35
JUL
28
2008
405,748 Points 21 Featured Posts Localism Sponsor Outside Blog

Missy, I loved all your information but for some reason the writing was cut off and I had a little bit of trouble following it.  I'm sure you must be back by now. 

8:57pm • #36
JUL
30
2008

I think you made some great points - it seems like you set yourself apart from the pack simply by working hard.  I had an agent not only list my home on all those site you mention - but refer me to other sites I had never heard of like www.propertymaps.com for example.  I ended up finding a house in this site - and referred the agent to friends.  So - not only helping me sell, but helping me find (and not only showing me their listings).  

Shell
12:38pm • #37
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Shell, thanks for stopping by and commenting. Glad you found it helpful.

1:11pm • #38
AUG
12
2008

Missy:  I just received this e-mail from my seller....

"If the $xxx,xxx prospect is a solid offer, I would consider if they have pre-approved loan approval and the total commission was 3%, which I believe would work if you represented them."

This is after it being on the market for 9 months and just wants me to collect the buyer's part.

5:02pm • #39
550,751 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Jan, you do the work of both sides, so I would negotiate somewhere in the middle. I use the example of if you take 2 kids the Dr. and they both get shots, and a physical, do you only get charged for one child and not both. Somehow the light bulb goes off.  I will change no more than 1%

7:30pm • #40

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Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate

Ann Arbor, MI

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Keller Williams-Ann Arbor

Address: Ann Arbor, Saline, Dexter, Chelsea, Milan, Whitmore Lake, Ypsilanti, Manchester, Washtenaw County, Ann Arbor, MI, 48104

Office Phone: (734) 821-0757

Cell Phone: (734) 216-2822

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