| The
Listing Agent - Preliminary Marketing of Your Home
The "Real" Role
of a Listing Agent
When you bought your home, you probably
used the services of a real estate agent. You found that agent through
a referral from a friend or family member, or through some sort of
advertising or marketing. The agent helped you in many ways and
eventually you found the house of your dreams, made an offer, closed
the deal, and moved in.
For whatever reason, now it is time to
sell your home and you need a real estate agent again. Many home
sellers, especially those selling their first home, tend to think all
agents are similar to the one that helped them buy their home.
Although real estate agents can (and
do) work with both buyers and sellers, most tend to concentrate more
on one than the other. They specialize. When you bought your home, you
probably worked with a "selling agent" – an agent that works mostly
with buyers. Because of the nature of real estate advertising and
marketing, the public’s main image of the real estate profession is
that of the selling agent.
As a result, many homeowners expect
their listing agent to do the same things that a selling agent does –
find someone to buy their home. After all, they do the things you
would expect if they were searching for buyers. A sign goes up in the
front yard. Ads are placed in the local newspaper and real estate
magazines. Your agent holds an open house on the weekend. Your house
is proudly displayed on the Internet.
But this is only "surface" marketing.
More important activity occurs behind the scenes. After the "for sale"
sign goes up and flyers are printed, your agent’s main job is to
market your home to other agents, not to homebuyers.
The "For Sale" Sign
It seems fairly obvious that when you
put your house up for sale that your agent will put a "for sale" sign
in the front yard. The sign will identify the agent’s company, the
agent, and have a phone number so prospective buyers can call and get
information.
Signs are great at generating phone
calls, even if very few actually purchase the home they call about.
However, you might be one of the lucky ones. For that reason, you
should determine what happens when someone calls the number on the
sign. Does a live person answer the phone or does the call go to a
voicemail or recorder?
You want someone to answer the phone
while the caller is "hot." When buyers call the number on the sign,
the call should go to a live person who can answer questions
immediately. A potential buyer may be on the street outside your home,
placing the call using a cell phone.
Also, take a look at the sign and see
if it seems more interested in generating calls from buyers, or if it
seems more oriented toward advertising your agent’s listing services
to your neighbors.
Flyers and a Brochure Box
Your agent should prepare a flyer that
displays a photo and provides details about your house. There should
also be a phone number so buyers can contact your agent to get
additional information. The flyers should be displayed in a prominent
location in your home and also in a brochure box attached to the "for
sale" sign.
The brochure box is convenient for
those buyers who drive by and just happen to see the "for sale" sign
in front of your house. It provides enough information so they can
determine if they want to follow up with a phone call or inform their
own agent they are interested in your house.
copyright 2000 by Terry
Light and RealEstate ABC
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