Special offer

Why Do You Need This Market Analysis? Divorce? Relocating? FSBO?

By
Services for Real Estate Pros with RE/MAX Executive Realty - Happily Retired 104763

We market for new listings with direct mail marketing, and often we’ll be asked to give presentations to homeowners who have no intention of selling.  This is to be expected.  We’ve made the offer to provide a current price at no cost, and there are many different reasons that homeowners call us.

We have no problem with any of the reasons for which we’re called.  The homeowners may want to refinance and they want to know up front the ball park figure that the refinance will be based on; or they’re not getting along well and divorce is in the picture, so a figure is needed to determine how much will be divided; or they may be considering a sale to a relative; or maybe they’ll just move.

I don’t know about you, but I would rather be told the true reason for the market analysis, and we always ask.  We would never say “no” to a request.  One never knows what the future holds and that sale to a relative may not happen; or the refinance my not be granted and a sale might be needed with a scaled down purchase to follow.  It’s actually awkward and kind of silly when you think about the performance that the homeowners are providing to convince the agent that they will probably list in the future.

Their secretive manner is usually an annoyance and a guessing game.  It would be a breath of fresh air to have an honest answer about the real reason for the market analysis, if it’s anything other than a future listing.  We’re always happy to meet another homeowner.  Even if we don’t have the opportunity to list their home, we may be referred to a friend or relative.  One just never knows what the future holds, and the more homes we price and the more homeowners we meet, the more future business we might receive.  It’s all part of doing business.

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Barbara Todaro, Great Grandmother to Caleb, Santino, Aiden and Gianni       

Todaro Team - Retired

508-918-9148

               

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Comments (31)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Jordon..... that was a very good description of how our business works....

Aug 14, 2012 06:31 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

BarbaraT- When you're in any kind of sales it's important to realize that anyone and everyone could be your next sale or knows someone who could be your next sale. 

Aug 14, 2012 06:54 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Kathy.....and that's why it's so important to work every request and lead....you never know what's one step beyond....

Aug 14, 2012 06:55 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Well said...I always enjoy reading your savvy posts.

Aug 14, 2012 06:58 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Li..... and I always appreciate your very kind words....

Aug 14, 2012 07:00 AM
Peggy Wester
Realty Executives Integrity - Grafton, WI
Real Estate Agent Ozaukee & Washington County

Could not agree more. Not sure what more can be said!

Aug 14, 2012 07:07 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Peggy..... nothing moe needs to be said.....there are agents who don't want to spend the time if they know there is no listing at the end.... very shortsighted.... that's the reason sellers are afraid to be honest...

Aug 14, 2012 07:18 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I don't do comparative market analysis for divorce lawyers any longer after I found they charged their client $750 for my work. How did I find this out, from the client herself... 

Aug 14, 2012 07:57 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Paul.... well, you make more than they do, so they have to make it up somehow!!!!

Aug 14, 2012 08:05 AM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I've done dozens of reports this year for NJ tax appeals and several for children of parents that have passed away...It gives me more contacts and that leads to more business! 

Aug 14, 2012 09:27 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Laura....yes, it's never a waste of time....something will surface in the future from someone....

Aug 14, 2012 09:29 AM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

I really don't like doing CMA's. Oh I will if someone asks me, but at this point I don't put it out there.  I know I should; it would bring me more prospects.

Aug 14, 2012 11:02 AM
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Barbara.   I have no problem helping anyone out.  In fact i love it.  But, It is nice to know why someone needs an analysis.   It is nice to know why they want it so I can match it to their needs.   Providing this sevice can lead to future business.  

Aug 14, 2012 11:33 AM
Bobbie Smith
Stroudsburg, PA
570-242-1891

Hi Barbara, You are so right.  It is just good business.  Building business one relationship at a time, even if it ends up being a year or two down the road.  It is another contact to add to the database.  And if they like you, you'll get the referrals too.

Aug 14, 2012 11:41 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

The reason for selling has a lot to do with the time frame of selling but the price will still be the same.

Aug 14, 2012 12:13 PM
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa
You never know what doors will be opened to you by just doing what is in the client's best interests. It providing a service that others may charge a fee and it is done in a respectful way. Thank you for sharing your insight! It is never a waste of time, it would be a wasted opportunity if yiu said no!
Aug 14, 2012 01:44 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Barbara.  I always ask why but they all don't tell the truth.

Aug 14, 2012 08:31 PM
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

It sounds like you guys have the right attitude and this is one of the many reasons you are winning in Franklin MA.  I agree on the honesty thing...it goes a long way.

Aug 14, 2012 09:19 PM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Unfortunately, it is part of the game. But hey, not everyone is ready to sell at the moment. I've learned early on in this business, having a face-to-face meeting is crucial. Hence, I always try to meet, even if they are not ready. Most people are real honest, if you ask them. They should at least get a short attention of mine...

Aug 14, 2012 09:36 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree . We offer free service and appreciate honesty. Some people pretend to call us to list their home so they can get a free market analysis.

Aug 15, 2012 09:16 PM