Do you dread the sight of certain phone numbers coming in on your phone?  Do you open your email with one eye covered hoping not to see an email for a certain seller? 

Using some very easy systems and implementing a very easy follow up plan can save you a tremendous amount of energy down the road.  Listing a home for sale is a big deal for sellers.  More than likely it is one of their largest investments they have.  Sellers get nervous, anxious and unsettled with the amount of housing drama played on the news on a continuous 24/7 loop.

What can you due to help?  One system that works is making a weekly phone call or email to your clients.  Common topics may be online showings (web hits), new listings (competition), showing feedback, open house feedback, or even letting them know you have nothing new to report works too.  You now build a bridge of communication with your clients creating a sense of trust and integrity.

Challenging sellers do not dislike you, they just want to know that you are working hard for them.  Another tool that works really nicely is a Market Watch report.  This can be done with the MLS or Market Snapshot with Top Producer.  You can set up a search around their property (1-2 mile radius) of all comparable properties.  The search can then go out daily, weekly or only when something changes in their area (you can also cc yourself in on the emails to also be notified with what they are seeing).  The key point is they now know what is happening around them vs. hearing through 3rd party sources.

Implementing these strategies will make a difference in how your sellers view you.  You are viewed as the professional, who has a pulse on the market.  Letting them know of changes that are occurring and taking the time to communicate with them.  You will have happier sellers and happier sellers makes life a little easier!

 
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23 Comments on Are you being Held Hostage by your listings???

FEB
25

Good advice, I always call or talk to all of my listings on Monday mornings it helps in developing that client relationship.

3:46pm • #1
406,423 Points 72 Featured Posts Outside Blog

Do you mean to tell me that the ones who drive me to bang my head against a wall really do like me? Damn. I was enjoying burning those 100 calories per hour every time my head landed on that wall. I don't suppose you have any bandaids? :)

TLW...ROAR!

4:02pm • #3
115,797 Points 2 Featured Posts Localism Sponsor

I like calling them on a Friday because then I get them feeling good and talking me up over the weekend to all their friends and family :0)

Seriously, I do continue to send hand written notes, keep them informed as to what's new on the market, what's sold, what has expired!   I let them know how many hits the listing has received from the many websites they're marketed on.

Fridays work well for dropping in too.  I like to give them a bottle of wine to tide them over telling them to crack it open and celebrate early cause good news has to be on the horizon.

4:07pm • #4

ABSOLUTELY!- COMMUNICATE, COMMUNICATE, COMMUNICATE. OH YEAH, DID I SAY COMMUNICATE??

From my experience, a sellers hostility begins when they can't hear from you. Be it good, or bad, SAY SOMETHING!

Sellers don't like to feel that you're abandoning them. They need to know that you are truly working to sell their home; and understandably so.

I despise BAD SERVICE, therefore, I don't dish it. If I'm unable to do my best- I past the listing to someone else and get a referral fee instead.

Adell

4:33pm • #5
1 Featured Post

Hey Travis. Fancy seeing you here. Nice reminder.

Go Adell. I couldn't agree more! I tell my clients up front what they can expect and at the least that is a phone call or email (their preference). Especially if there is no news. They are probably wondering why there hasn't been any showings, or offers. Stay in contact, let them know all the behind the scene work you are doing and more importantly that you are working on their behalf daily.

4:43pm • #6
Outside Blog Hit Router

Communication is the key.  I generally send out emails to all of my active listings to let them know what is going on.  I find this a much more efficient way to communicate.

4:51pm • #7

Communication is definitely key, Travis.  Thanks for the reminder.  But, are you sure you meant to say

"implementing a very time consuming follow up plan".

4:52pm • #8
3 Featured Posts Localism Sponsor Outside Blog

Constant communication is key in this business, especially when it comes to keeping your sellers up to date on the latest happenings in their local marketplace!  Take care and happy blogging!

4:59pm • #9
141,663 Points 22 Featured Posts

Hi Travis,

Great post! I call sellers every Friday. Keeping them up to date is the best way to keep them happy:)

5:19pm • #10
310,238 Points 3 Featured Posts Hit Router

Travis, thanks.  This is something I already do and the majority of my sellers are very satisfied with my contacts and reports.  But then, there's always some others out there.....

5:23pm • #11

That's a great idea Travis.  Sending out a quick note to sellers may help ease their tension in the selling process.  We have to remember that, while it is a daily occurrence in our industry to deal with the ups and downs of selling, it is a big moment in the seller's life.

5:43pm • #12
258,107 Points 2 Featured Posts Hit Router

Hi Travis -- good advice.  I like to push market changes to sellers automatically, if they are interested in receiving this info.

5:54pm • #13
1 Featured Post

Communication is definately the key. I keep in constant phone contact because even with daily email updates, it seems like everyone just needs someone to vent to. In our area, a "real buyer" is in competation with REO's and short sales---this puts everyone on edge.

6:38pm • #14
535,437 Points 45 Featured Posts Outside Blog

It's SO important to stay in touch, even to say that you have nothing to report, but you're thinking about them and working on their property. If you still fear their phone number - fire them. Life is too short to spend time with someone you can't communicate with, even when you're talking to each other.

7:08pm • #15
2 Featured Posts

Wow - what a great response to this posting!  It seems like everyone has some sort of system to stay in front of their clients - that is what make good agents great!  The over all response seems to be the importance of communication.  Not just lip service either - good, honest communication and feedback to help the clients make great decisions. 


Thank you everyone for the comments!!!!

Travis

www.AgentBreakthrough.com

7:14pm • #16
232,577 Points 9 Featured Posts Localism Sponsor Outside Blog

Nice post...  This is the time to take or keep only the listings that are IN the market and not ON the market in order to stay afloat for 2009.  Smart business sense is the key for 2009...........

7:44pm • #17

Travis,

This is so true.  I had an upset seller this week just because of lack of communication.  It made me sick to my stomach.  Maybe I will learn a lesson from this.

Jeanette Hemmer, Re/Max Plus Realty, Clarksville,Ar

8:21pm • #18
170,526 Points 2 Featured Posts Outside Blog

Communication is the most important, whether good or bad, just let your client know what's going on.  I like that you mentioned, even if you do not have anything new to report, just say that, it's better than saying nothing at all.

8:43pm • #19
Outside Blog

Travis, this is a great idea especially having a system in place because then the "I don't feel like it"  or "fear of calling" can possibly be overcome with the system actively in place & more importantly in use.

10:00pm • #20
383,309 Points 3 Featured Posts Outside Blog

I set up all of my sellers on the market snapshot.. They love it too.. keeps me in front of them every 2 weeks too..

11:28pm • #21
FEB
26
1 Featured Post Localism Sponsor

communication is the key - the more you talk and email with them, the better they feel about the sales process

5:16am • #22
130,812 Points 1 Featured Post

An informed seller (Especially in this market) is a happier seller. With all the negative "gloom and doom" on the media 24/7 can make even the strong go weak in the knees. Our job is not just selling, it is to educate, inform and build a solid relationship of trust. This will serve our clients and our industry well. COMMUNICATE! Don't just " LIST AND LEAVE"!

5:28am • #23

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Travis Olson

White Bear Lake, MN

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Agent Breakthrough Consulting

Address: 2680 Snelling Ave. N #100, Roseville, MN, 55113

Cell Phone: (651) 283-2585

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