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Ten Tips to List More Expired Listings (this weekend)

By
Education & Training with Borino Productions

Lisa Howe posted some great questions about how to get more expired listings. Here are some tips.

Expired Listings Agent1. Call them first. Early. But hang on... Don't try to schedule a listing appointment unless they're absolutely ready (which is not that often). Remember, most expireds will not be too happy. About the market, about their previous agent, about the whole selling thing. They need a bit time. A little breather.

So simply ask to stop by, introduce yourself, and drop off your resume. Less resistance this way, trust me. Nice and easy.

2. Skip the call if they're on DNC. It's not worth the hassle. You won't feel good about the call. And they won't either. So just don't call.

3. Put together a simple expired package
. Nothing fancy or elaborate:

* Your resume

* Client testimonials

* List of sold homes (yours and/or your office)

* Marketing samples, like your web site, fliers, postcards.

* Cover letter (you can download a free expired listings letter from my website)

4. Stop by the house. Introduce yourself. Ask a lot of questions (that's a biggie!). Find out WHY they want to sell. Don't get caught into "Why your house didn't sell" discussion. Do NOT talk about the price (yet). Or the other agent. Focus on the future.

5. Tour the house while you chat with the sellers.

6. If the motivation is high, the reason to move is solid, and you feel good about the house (and the sellers), THEN and ONLY then schedule a listing appointment.

7. Follow up immediately with a thank you card if they are not ready to re-list. Put them into your system and start a follow up campaign.

8. Start a direct mail campaign with expireds you couldn't reach. Send out your package and a sequence of mail. How long should you be mailing them? As long as it takes to get the listing. Why not... It's inexpensive - and it works. I had folks call me months, even a year after their listing had expired. Keep at it.

9. Vary the mail pieces. Different strokes for different folks, remember? Mix postcards, letters, market updates, just sold, just listed, fliers, articles... Anything that's interesting and relevant TO THE SELLER. Go easy on self-promotion (that will come later).

10. Follow up. This is the biggest secret I can give you about expireds. Follow up. MOST of your business will NOT come from the initial contact, but from your follow up. So keep the mail flowing. Send them a piece at least twice a month. Call them back. Stop by the house every now and then.

Bonus - Have fun! OK, this is really biggest secret. Enjoy what you do. Because with out it it's just a job. And your clients will pick up on it.

See, if you have a good vibe, if you like what you do, it's obvious. You feel good. Your clients feel good, too. And people will want to do business with you. It also makes the whole thing a lot easier. And fun.

Makes sense?

Borino

www.ExpiredPlus.com

Expired Listings Marketing

Delete Account
Clermont, FL

Great advice! I actually had some success with an expired commercial listing that I eventually sold!

Jan 12, 2009 04:28 AM
Sandy Nelson
Riley Jackson Real Estate Inc. - Olympia, WA
your Olympia area Realtor

Thanks for sharing these valuable tips. I've bookmarked your article.

Sandy

Jan 12, 2009 04:30 AM
Martin E. Kalisker, Esq.
Natick, MA
Real Estate Law From A Practical Perspective

Most of the time, expireds have been contacted previously by other agents who ignore the "do not solicit another broker's listings" protocol.  By the time we are notified that the listing has expired, the seller has already decided to list with someone else.  This can be very frustrating, when you are trying to "play by the rules".  The truth is, homes that don't sell, are either priced wrong or have been marketed incorrectly.  We approach sellers with the thought that they still want to sell their homes, but unfortunately, complacency allows them to select the next big name on the list and they still haven't learned their lesson to properly interview real estate agents...

Jan 12, 2009 04:31 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks Borino for the great tips. As for synergy's comments above - there probably is a lot of truth to what you are saying - this is not a slam dunk way to riches, but that is why it is a numbers game ultimately - the more contacts you make, the more likelihood that someone is going to value your services. We just have to keep at it.

Jan 12, 2009 04:44 AM
Borino - The Real Estate Coach
Borino Productions - Falls Church, VA

Good job, Johnny. Success attracts success. Good time to look for the next expired, right?

Glad you liked the tips, Sandy. Thanks.

You're right, Martin. Price is frequently the issue. The good news is, it's often easier to convince the expired to price it right, since they've got the taste of reality. We all have heard the "We want to try at our price first".

Lisa, you're absolutely correct. Expireds are NOT the magic button. They do require some work and consistancy. But compared to many other marketing and prospecting methods, expireds can be the fastest way to leads and good, saleable listings.

It's just like you said - you have to keep at it. Simple as that.

Jan 12, 2009 04:54 AM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Borino, thanks for the great advice. We have not followed up as often as we should have with expireds and that seems to be the key to having success. They can be a good source of listings for those willing to work at them. Thanks again for the post.

Jan 12, 2009 07:22 AM
Mari King
Coldwell Banker United - Austin, TX

Borino,

Thank you for sharing success tips!

Jan 23, 2009 06:47 AM
Bruce & Sandy Soli
Sierra Sotheby's International Realty - Incline Village, NV
Tahoe Lifestyle Experts

Great ideas for expireds and I am right there with you on making a call to the people...ASAP, but what do you do in a primarly 2nd home market where the people do not live here and it is extremely hard to get a phone number to reach them?

Feb 22, 2009 04:10 PM
Borino - The Real Estate Coach
Borino Productions - Falls Church, VA

Good question, Bruce & Sandy. If you can't get the owner's number and even service like RedX can't help, you are left with only one option:DIRECT MAIL.

First, send the seller an expired package: a nice brochure, your marketing samples, and a strong cover letter. Then follow up with a sequence of letters, postcards, market updates, reports, etc.

Stay in touch as long as it takes. It's just a matter of persistence and patience (combined with good direct mail marketing). Some sellers will re-list with their previous agent. Some will rent the place out. And some will call you and list with you.

Feb 23, 2009 08:06 AM
Ryan Gonch
Keller Williams Realty Capital District - Albany, NY

Great Post...I have done expireds in the past and got away from them...I am no starting to do them again...Your insight is appreciated..

Apr 24, 2009 06:41 AM
Beverly of Bev & Bob Meaux
Keller Williams Suburban Realty - West Orange, NJ
Where Buying & Selling Works

This was posted months ago, but still relevant. It's good reading how others do it.

Sep 03, 2009 02:11 PM
Jeffrey Carter
Keller Williams Realty - Salem, MA

Hey Borino,I just ordered your Expired Plus 2.0.  I'm super excited to get going with the system!

Apr 20, 2010 09:37 AM
Borino - The Real Estate Coach
Borino Productions - Falls Church, VA

Great to have you on board, Jeff. Looking forward to your success story!

Borino

Apr 20, 2010 10:02 AM
Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Borino I found this one very helpful. I am getting a hard start on what I am going to be doing tomorrow which is work on my Expired Listing Package. Thanks for sharing this. Great post.

Nov 01, 2010 01:51 PM
Aneta Ivanova
Urban Nest Realty - Las Vegas, NV
#Your Realtor for Life

Great idea. Thank you

Jan 29, 2011 09:11 AM
Tamara Schuster
Naperville Glen Ellyn Lisle Plainfield Wheaton Illinois - Naperville, IL
Realtor Broker - Naperville

These tips are so useful and cannot be shared enough as they work.

Oct 18, 2011 02:53 AM
Michelle Vickers
HER Realtors Worthington 614-353-3698 - Worthington, OH
Prompt Professional Proactive

Thanks so much for posting this. I really like Borino and ordered his whole entire packet of information and I am a bit overwhelmed. I don't have that many stats yet as I just reactivated my license so I was struggling with what to put in for client testimonials. I do have a couple from years ago that I use on my website, I guess I could use those! Thanks again!

Aug 03, 2013 12:44 PM