| Aggressive Marketing
Plan
If your house won’t sell
but you feel the house is priced right, in good condition, in a good
location, and your agent is easy to work with, the marketing plan is
probably the problem. Gone are the days when all the agent had to do was
put a sign in your yard, place your house on the multiple listing
service, run an ad, and wait for the offers to come in.
Today’s agent must have
an aggressive written marketing plan that is made as an addendum to your
listing agreement, allowing you to cancel should the agent fail to
perform as promised. Your agent must make effective use of the latest
technologies and must be attuned to the new information age. A good
agent will spend thousands of dollars marketing their listings.
Lock-Box & Ease of
Showing
That brings us to ease of
showing. If you don’t allow your agent to put a lock box on your door
you will miss out on a huge part of the showing market. Let me explain
why and a step-by-step process of a typical showing agent.
Here’s how that agents
works: when an agent has a couple coming in from out of town to buy a
house, the agent will prepare a list of possible properties to show the
couple. The properties are based on a previous in-depth interview to
determine the couple’s needs. After searching the MLS computer, the
agent will print a list of possible properties.
The first thing a highly
organized agent will do is check out the showing instructions,
separating the possible showings into two piles: properties with lock
boxes and properties for which the agent must make an appointment or
pick up a key. Because most agents and buyers are on a very tight
schedule, the agent will place all the easy-to-show properties on the
"A" List with a showing schedule in 30- to 45-minute increments.
Your House May Be on
the "B" List
If the agent must make an
appointment to show your house, you’re going to miss the first few
rounds of showings because your house is going to be placed on the "B"
pile. If the buyers don’t find a house that meets their needs in the
first few days, the agent goes back to the second pile of properties and
starts showing the ones without lock boxes or houses whose instructions
demand an appointment by calling the listing agent.
Suppose this couple falls
in love with a house on the first few rounds of showings. Even if you
have the best house in the city in the best condition -- you’ve lost
that sale. So for every showing you do get, just think of how many
you’ve missed. Allow your agent to put a lock box on your house and
never require an appointment to show. You’ll get much better traffic and
a quicker sale that way.
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