When I first began my career, some twenty-two years ago, I had an excellent broker train me.  To this day, when she speaks to me, my ears perk up!  One of the first things that she taught me was this; it is good to have lots of listings with your signs on them.  It is better, when those listing signs say SOLD! 

For those of you who may not remember, Jimmy Carter was our President.  Interest rates were 21%.  Inflation was at an all time high.  Jobs were scarce.  Layoffs were everywhere. Energy crisis. Sound familiar?  Except, we don't have the high interest rates, much of the market is the same.  Credit crunch?  You bet. The salaries were much lower then, than they are now, too!  

Listings are the key to have in order to continue your business.  New buyers or sellers will call you because they see your name on a sign on their way to or from work.  Someone may be interested in that listing, but, as it turns out, they buy something else.  From you, though.  So, that's a good by-product.  Just remember, when the listing doens't sell, you need to make a decision.  Get the clients to reduce or walk away from the listing.  If you have trouble, letting go, try this; give them thirty days.  If they don't listen to your advice, then advise them to find another Realtor. One tough listing can drag down all the good stuff that you have going on right now.  Do the smart thing and say goodbye. 

 

It's a Good Life!

Fran

Oh, By the Way...if you know of someone who could use my good services, please send me their contact information.  I will foillow-up and take good care of them for you.  I am never to busy for your referrals!

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16 Comments on Do You Have Lots of Listings?

SEP
20
2008
126,796 Points 1 Featured Post Outside Blog

Good advice...I like to use this "Mr Seller....you can either chase the ball down the hill or you can run and get in front of the ball and stop it....which do you want to do? If they don't want to list at the right price I let someone else spend their hard earned money on an overpriced-clog up the market home.

Price ahead of the curve!

 

Regards

 

Rick Goates

12:41pm • #1

Listing agents are lasting agents.  So many agents will just take listings and not educate the sellers on the reality of the market.

All the best!

1:03pm • #2
215,014 Points Outside Blog

Kevin, I believe that is half of the problem we are in right now.  Reality Check!!  Thanks for stopping by, I appreciate your input:)

1:10pm • #3
110,360 Points 1 Featured Post

We COULD have a lot of listings. People are coming to us asking if they should rent or sell and we are advising renting. To sell right now they would have to discount drastically.

1:13pm • #4
5 Featured Posts

Taking a listing does not make an agent.  Taking a listing AND actively marketing, promoting and selling  the home makes a complete agent and a happy broker.  All too many times, I see listings go to Brand X because Agent Y has multiple listings in the area.  However, for those of us who know Agent Y (and often get her expired or cancelled listings), Agent Y does not do open houses, lists competing properties and shows her homes by lockbox.  Her attitude is "I'll get 100 listings and if 80% of them stick, I'll make a ton of money."  However, her secret is out and the number of listings she gets is fewer and fewer - although she still gets corporate relocation business through her franchise owner.  She is a charmer, yes.  But an old fashioned agent who's days are numbered.

How many of you are thinking out there - - "could this be me?"

1:14pm • #5
590,374 Points 63 Featured Posts Outside Blog

Fran, there is no better advertisement of how effective you are as a Realtor getting results than a rider on your sign saying SOLD.

1:16pm • #6

I hear you, BUT some sellers just need a little more time to "HEAR" me.

In our market only the units that are priced under market value sell and that's what I tell my clients, but some of them just do not have to sell and can wait. Also, I have a lot of very unique listing and you can just not put a price tag on them. The chances are slime to nothing, but once in a while you might find a cash buyer that is ready willing and able to buy one of these unique properties. If I do not list them,. someone else does. At least when I list them myself I know that everything possible will be done to sell them and that I really work them.

 

1:20pm • #7

S-O-L-D

 

Yeppers, that is the BEST billboard ad

1:21pm • #8
310,217 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Fran : It comes down to a little play on words if it's not a good Buy it's Goodbye..Over priced listing are a dime a dozen, and even untrained monkeys can get listing that wouldn't sell..So say hello to anyone looking to buy and say Goodbye to anyone looking to "test the market" it's been tested we know what prices need to be!!   Steve

1:26pm • #9

 A great trainer, Melanie McLane, has a super saying. She once said in a class that she informed a potential listing that "I would rather be your 2nd Realtor." Simply put, let another Realtor waste his/her time for 6 months with an overly priced home and then after the listing expires, she would be willing to list the home at a reasonable price.

1:39pm • #10
347,333 Points Outside Blog

You are right-- a listing that is not priced to sell takes energy from you that you know has not much likelihood of bringing results.

2:09pm • #11

Wow alot of good info here, I love this post. Thanks Everyone...Now if our Cleints could only see this..

3:56pm • #12
215,014 Points Outside Blog

Paula, Be the trusted advisor, tell your clients!  If this helps one agent, it will help all of us:)  We could make this market help tons of people.  Agents, Sellers and Buyers.  It is what it is, a Buyer's Market.  thanks for commenting, I really appreciate all of you! 

It's a Good Life!

Fran

4:07pm • #13
545,863 Points 13 Featured Posts Outside Blog

I hear this all the time... right now I am hearing a lot of agents say they do not want listings. If sellers are motivated, listings are a grand thing!

your friend in Charlottesville!

8:09pm • #14
SEP
21
2008
866,674 Points 68 Featured Posts Outside Blog

This is something both Floyd Wickman and and mentor taught me that it is better to have listings than not. For every house you have listed, you should be able to pick up at least 5 buyers. If you aren't getting calls for a listing, then it is overpriced and either get it reduced or dump it!

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

11:22am • #15
215,014 Points Outside Blog

Todd, That's key!  Focus on the systems and work them.  Thank you for the good comment!

1:23pm • #16

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Frances C. Rokicki, Broker~Mentor,CRS

Bolton, CT

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Fran Rokicki Realty, LLC

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