Devon mann, Investing (KWBHG)

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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Most items obtain results with consistency and a great message

Sep 01, 2016 11:46 PM
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3,982,263
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

There is not nearly the turnover as in other areas and higher end properties generally are more connected and know agents in high places so may not respond to blanket marketing.

Sep 02, 2016 11:12 AM
Rainmaker
4,908,694
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

no.... farming mid-range homes is the wise choice....

Sep 02, 2016 12:35 AM
Rainmaker
916,062
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Calculate your absorption rates & months of inventory for the area using your MLS. I'll also add that you need to pick areas with no brand loyalty. If 5 homes were for sale there, would they be 5 different brokerages or all one specific agent? Tough to break in to an agent dominated neighborhood, so I'd try to dominate an area that seems to be subject to more brokerages, then get consitent and dominate. And...Harry F. D'Elia  has a great answer.

Sep 01, 2016 11:59 PM
Rainmaker
1,293,430
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

What Harry F. D'Elia and Thomas J. Nelson, Realtor said.  Regardless of the price range, you need to have consistency with a message of value, establishing yourself as THE market expert.

Sep 02, 2016 01:43 AM
Rainer
389,343
Anna Hatridge
Goodson Realty - Farmington, MO
Missouri Realtor with Goodson Realty

If you want to find out do a sample of the high end area vs a middle market vs low end properties.  Using the same number of contacts and basic criteria should give you the answer for your area.

Sep 02, 2016 12:38 AM
Rainmaker
3,270,372
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I agree with Harry F. D'Elia in regard to the consistency of the effort.  

Sep 01, 2016 11:50 PM
Rainmaker
1,822,257
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The lower the price point will normally have the MOST activity. Higher end usually socializes with their Agent at the club(farming won't break thru this)

Sep 02, 2016 06:27 PM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Consistency is key, no matter that the community. Thomas J. Nelson, Realtor has some wise advice!

Sep 02, 2016 08:08 AM
Rainmaker
1,210,457
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

I heard stories about my grandfather's horse drawn plow & my mother's story about her father taking them to school in horse drawn sleigh during a snow storm. (Pennsylvania)

Sep 01, 2016 11:27 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

depends on the market.  Different markets have brought higher % of sales in different price points locally.  I always make sure I'm marketing to an area of potential listings at whatever price point sold best in the past 60 days.

Sep 03, 2016 01:12 PM
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Each area has its personality and that

Will keep changing

 

 

Sep 02, 2016 12:48 PM
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It all depends on how well you implement your marketing plan.

Sep 02, 2016 12:38 AM
Rainmaker
4,356,319
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Harry F. D'Elia said it very well. A

Sep 02, 2016 12:21 AM
Rainmaker
1,369,877
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Devon mann Harry F. D'Elia has this one!

Sep 02, 2016 12:03 AM
Rainmaker
1,529,284
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It all depends on demand, median price levels and your local economy. You can't deal with real estate with a broad brush.

Sep 01, 2016 11:56 PM
Rainmaker
1,220,047
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Farming gets the same results regardless of high v. low end.  You just have to be consistent about it.

Sep 04, 2016 04:28 AM
Rainmaker
3,015,109
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have no idea as markets are different from one place to another. How to find out? Do research on sales through your mls.

Sep 03, 2016 09:25 PM
Rainmaker
3,050,725
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Debbie Reynolds nailed this one!

Sep 02, 2016 10:09 PM
Rainmaker
5,308,765
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The results relate to your marketing skills.

Sep 02, 2016 08:58 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Entry level homes of course move faster. You just need to see what you are more comfortable to do. For ex.: High end properties usually require quite expensive marketing materials( market to homeowners and your listings if you get any).

Sep 02, 2016 03:56 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Devon mann - well, people are people and so are their responses!

Check you results - you'll be surprised...

Sep 02, 2016 02:58 PM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I agree with Debbie Reynolds!  I farm both both and the number of responses from the $250K price range is at least two times the $500K+ range.  They are more connected within their tennis clubs, country and golf clubs and other business groups.  

Sep 02, 2016 01:02 PM
Rainmaker
2,394,822
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Take the number of homes in the area and the number of solds for a year. Divide the homes by the solds.

Sep 02, 2016 12:53 PM
Rainmaker
1,523,577
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Like Harry F. D'Elia said, consistency is the key!

Sep 02, 2016 12:27 PM
Ambassador
3,674,552
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

It works better if you have some connection to the area, other than the mail they get from you. Like if you live there, grew up there, are active in the community association - those all help.  

Sep 02, 2016 10:37 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

In our town the 250+ is the high end real estate; and I would not waste my efforts farming anything less.

Sep 02, 2016 05:21 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I don't think so ...

Sep 02, 2016 04:32 AM
Rainmaker
1,517,403
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Total houses divided by sales per year = good or bad investment for you. 3 to 5 stinks, it should be higher. Possibly lower your price range.

Noobs always think that it's better to sell a 1M house than 3 250K houses. The ratio on the 1M is much, much less so you are limiting yourself financially.

Sep 02, 2016 03:01 AM
Rainmaker
2,934,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

It would depend on your local market.  I don't know the Manchester NH market; however, I know in the DFW mls right now there are 1,578 active listings in the price range of $500,000 - $600,000.

Sep 02, 2016 01:37 AM
Rainmaker
3,201,735
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Harry and Tom seems to have covered the issue!

Sep 02, 2016 12:40 AM