Friday, December 20, 2024

selling strategies

    Think back to 2006. You may remember hearing about the launch of a new social media platform, Twitter. However, you most likely didn’t because it came with little fanfare.

    Posts to the social media platform were dubbed “tweets,” and tweeters were limited to only 140 characters at that time.

    Does that remind you of anything?

    As you know, each MLS has a limit on how many words (or characters) agents can use in the public-facing listing description. We attempted to determine the average word count restriction, but couldn’t. 

    Unless you write professionally, listing descriptions can be challenging to craft. But they don’t have to be if you follow a few simple rules.

    The anatomy of a listing description from a buyer’s point of view

    It’s common knowledge now that most house hunters turn to the internet for their initial search. 

    It’s also well known that these buyers won’t look at a listing that doesn’t include photos (2011 ocular tracking study E.V. Williams Center for Real Estate, Old Dominion University).

    That study showed us that homebuyers overwhelmingly scan the listing photo first and spend the most time doing so. They check out the property description next.

    The agent’s listing description was the last item they were interested in perusing, and 20 percent of the homebuyers studied didn’t bother reading them.

    Because of this, the researchers claim that listing descriptions are unimportant. 

    Did they miss the fact that 80 percent DID read the agent’s listing description?

    This is an important statistic for listing agents to concentrate on when writing the listing description.

    Use your words . . . strategically

    When asked by Shakespeare’s Polonius what he was reading, Hamlet replied, “Words, words, words.” 

    What he was reading, obviously, was meaningless. Words with meaning, on the other hand, are powerful and can actually help sell a home.

    We don’t advocate outright lying in a listing description, but Spencer Rascoff and Stan Humphries beg to differ:

    “Bottom-tier homes described as luxurious tend to beat their expected sale price by a whopping 8.2 percent.”

    They go on to claim that if your listing’s value is “$110,000, but your listing includes the keyword ‘luxurious,’ you could pocket an extra $8,965.”

    Additional money-making words from their study include:

    • Captivating
    • Impeccable (listings in the lower price ranges that include this word sold for nearly 6 percent more than the list price)
    • Stainless (a 5 percent bonus if your low-priced listing has stainless steel appliances and you incorporate that info in the listing description)
    • Landscaped
    • Granite (no surprise here, right?)
    • Remodeled
    • Beautiful
    • Spotless

    Check out the rest of the list at Zillow.com. Be aware that the list is a bit old, but some of these trends still exist, such as granite (or quartz) countertops. Research is your friend.

    Sure, brilliant listing descriptions aren’t that critical in the current market. But, markets change and often do so on a dime. Keep the aforementioned information in your back pocket and pull it out when homes aren’t selling as soon as listed. And, remember,  adjectives, apparently, are money-makers.

    Sprinkle liberally for a brilliant listing description.


    PLUS: When you have time…below are some marketing tools to help support your success.

    1. Put Your Real Estate Business a Step Above with Your Own Branded Magazine

    Homes & Life Magazine is a customizable magazine with rich, full-color content and a sharp, professional aesthetic. It includes compelling, direct, response-driven articles written by real estate industry experts and engaging lifestyle content. Send out Homes & Life Magazine in Just Minutes – No Minimums Required. Or we’ll ship it to you. Homes & Life Magazine is the ultimate “Coffee Table Lingerer”! …and it costs less than sending a greeting card!Click Here

    2. The Free 6-Month Done-For-You Strategic Marketing Plan

    The Real Estate Marketing Planner is a powerful 6-Month Guide that strategically defines what marketing to do and when. Four key market segments include niche Markets, geographic farming, sphere of influence, and past clients. – Click Here

    3. The Free Interactive 6-Month Real Estate Business Review

    The Free Interactive 6-Month Real Estate Business Review allows you to enter your business goals for the remainder of the year and get a breakdown of how many prospects, listings, closing, and so on are needed to reach your goals.   – Click Here

    4. The Become a Listing Legend Free eBook 

    This image has an empty alt attribute; its file name is Become-A-Listing-Legend-3D-Book-White-274x300.jpg

    Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here


      In March 2021, the average list price reached an all-time high of $370,000, up 15.6% compared to this time last year.

      Home sales were 9.1% higher than one year ago and although the mortgage rates have increased slightly to the highest levels this year at 3.09% for a 30-year fixed, there are reasons to believe the housing market will continue to be strong throughout 2021 (NAR source).

      This means it’s still a seller’s market, which is the key point you’ll want to make when communicating with the homeowners in your CRM.

      1. Nothing better than a warm call

      Comb through your CRM for the warmest leads among your homeowners and start your campaign with these people as your target audience. Yes, even friends and family and past clients.

      Pick up the phone and start dialing for dollars. And, naturally, during the conversation you’ll want to let them know how desperate homebuyers are for homes in the area and, oh, by the way, “Do you know anyone who might be considering selling their home?”

      You’ll most likely not get the name of a red-hot listing lead, and that’s ok. You are now top-of-mind with these people.

      Real Estate Times postcard
      2. Go back after lost listings

      Not taking the listing after a presentation is painful. But, remember another old real estate lesson: “Stay in touch until they list – and beyond.”

      St. Paul, MN broker Teresa Boardman once spoke about one of her most cost-effective listing generating techniques that you can copy.

      Go through your CRM, looking for homeowners for whom you gave a listing presentation over the past three years.

      Check the MLS to find out if the home ever sold with another agent. If not, take this condensed list of sellers and send them a Real Estate Times postcard. Catch them up on the current hot market and explain why now is the perfect time to join it.

      Or stay in front of this hand-picked list for six months or more with a scheduled FARM, Get More Listings campaign. Learn more, HERE.

      Remember, #StayHome made millions of homeowners overly familiar with their homes, and many have found that the home no longer fits their needs.

      Always let these potential listings know how ideal the market is for sellers, how much equity they’ve built up, and about the super low current mortgage rates.

      Very early in her campaign, Boardman had taken one listing and another homeowner felt like a “real strong possibility.” A third was debating renting out her home or selling it.

      3. Don’t forget social media, especially now

      Connecting with people on social media is so easy right now. Since the outbreak of the pandemic over one year ago, internet usage has increased 70%, according to Mark Beech at Forbes.com.

      Real Estate Times postcard

      Studies from Pew Research claim that more than half (53%) of “… Americans say the internet has been essential in the past year. 

      The amount of time that Americans spend on social media platforms, in particular, has increased from 79 minutes per day in 2019 to 86 minutes per day in recent months.

      There is a lot of engagement to be had right now online, particularly on social media.

      Use all that important information you have up your sleeve to let sellers know that they won’t find a better time to sell their homes and to convince buyers that they should remain in the market.

      Yes, inventory is super tight and many homeowners still aren’t getting what an amazing time this is to sell their homes for top dollar.

      This is also the ideal time for real estate agents to market to niche prospects such as empty nesters, high-income renters, move-up market, fence-sitters, and more.

      With nine campaign categories to choose from, it’s now quick, easy, and affordable to schedule a targeted campaign.

      Hurry! FARM Scheduled Campaigns are on sale 10% OFF the first month for ONLY 3 MORE DAYS! (sale ends 4/17/21).
      Fence-Sitters Series, one of 19 FARM Scheduled Campaigns (shown above). Learn more, HERE

      TO LAUNCH AN FARM CAMPAIGN:

      Hit “CLICK HERE”, below, to get started on your FARM Scheduled Campaign (from a desktop or laptop computer).

      And, remember, YOU DON’T PAY for each mailing until it actually goes out (cancel or change each mailing up until the night before it goes out. The price shown at check out is per mailing, not campaign total).

      Launch an FARM Scheduled Campaign now, CLICK HERE!

      Please reach out to our support team at 866.405.3638 with questions or if there is anything we can do to help you with your success.


      PLUS: When you have time…here are some helpful resources we’ve made available to support your success.

      1. The Free 12 Month Done-For-You Strategic Marketing Plan

      The Real Estate Marketing Planner is a powerful 12-Month-Guide that strategically defines what marketing to do when. Four key market segments are included, Niche Marketing, Get More Listings, Geographic Farming, and Sphere of Influence. –Click Here

      2. The Free Interactive Real Estate Business Plan

      The Free Interactive Real Estate Business Plan allows you to enter your business goals for this year and get a breakdown of how many prospects, listings, closing, and so on are needed to reach your goals.  – Click Here

      3. Become a Neighborhood Brand

      Become branded in a specific neighborhood with a 12X15 marketing piece sent automatically each month to an exclusive carrier route. Watch this video to learn more or Click Here.

      4. The Free Real Estate Mailing List Guide

      This image has an empty alt attribute; its file name is Real-Estate-Mailing-List-Guide2-3-D-999x1024.jpg

      The Real Estate Mailing List Guide outlines the top tools for generating targeted prospecting lists including Baby Boomers, Empty Nesters, Investors, Lifestyle Interests, High-Income Renters, Move-Up Markets, and more. The Guide also defines done-for-you marketing campaigns to match these markets. –Click Here

      5. Become a Listing Legend Free eBook 

      This image has an empty alt attribute; its file name is Become-A-Listing-Legend-3D-Book-White-274x300.jpg

      Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here

      6. The Free Online ROI Calculator

      This image has an empty alt attribute; its file name is ROI-calculator-b-233x300.jpg

      Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! –Click Here

      7. The Free Real Estate Marketing Guide “CRUSH IT” 

      This image has an empty alt attribute; its file name is CRUSH-IT-Guide-3-d-298x300.jpg

      The “Crush It” Guide includes easy steps to launching an effective direct mail marketing campaign, how to create a targeted prospect list, the perfect way to layout marketing materials for success, seven opportunities available to target in your area right now. –Click Here

        If you sell real estate in Minnesota, Wisconsin, or some other snow-prone state, you may feel you can’t be as busy in winter as you are in spring. But, if you play your cards right, you’ll find winter can be just as profitable a time of year in real estate.

        The first step to building a winter book of business is to let potential sellers know just how much they stand to benefit from selling when the weather outside is frightful.

        The proof is in the numbers

        More homes sell in spring than in winter, according to the NAR. No surprise there.

        Unfortunately, this is where the media usually stops when they write about selling a home in winter. What they neglect to state is although home sales can be down in the winter,

        the likelihood of selling a home in winter is better than at any other time of the year, they sell faster and for more than asking price according to a Redfin study.
        Fence Sitter Series

        Interestingly, this statistic holds true regardless of market.

        If you want to make more money this winter, you’ll need to get the word out to sellers. “It’s the Most Wonderful Time of the Year” isn’t just a song title.

        Let other sellers buy into the myth of winter-is-bad

        Dahna Chandler at themortgagereports.com wrongly assumes that “… most people shiver” when considering a winter home sale. “It’s likely the hardest to sell a house in most areas.”

        Then, there’s Natalie Campisi at bankrate.com who, when explaining why “… fall/winter is the worst time to sell a house,” says that “December is when homebuying activity comes to a standstill and there’s little inventory available.”

        “Little inventory” sounds like the real estate market in general over the past year. Besides, “little inventory” means less competition for sellers, which might be why homes in popular areas, in good condition, sell for more than asking in winter.

        Our point is that this is the type of stuff that other agents are reading that scares them away as we approach winter.

        It’s time to dust off your blogging skills and make sure sellers in your area know the truth: if you need to sell, this can be a profitable time of year to do so.

        Winter buyers are highly motivated to buy
        Fence Sitter Series

        Think about it: Especially in frigid winter areas, to trudge around town looking at homes for sale takes a certain level of motivation.

        It turns out that the rate of job transfers is quite high in the early part of the year. This winter, however, the pandemic-caused migration may still be underway. Those are two groups of highly motivated homebuyers.

        Then, there are the nearly 3 million homeowners who are still in forbearance, many of them with mortgages not backed by a GSE. Will they sell rather than bite that bitter pill of the catch-up payment?

        Let them know that they’ll do well to sell this winter.

        Inventory is even lower

        Our squeaky tight inventory of homes for sale doesn’t appear to be loosening up. When winter hits and sellers take their homes off the market, the competition will dwindle even more.

        Urgency is the overall feeling you want to convey whether your writing a blog, and email, sending direct mail, or speaking to someone in person.

        As all of us have learned in 2020, there is a lot that we have absolutely no control over. Urgency will get those fence-sitters off the fence and into the market.

        Take your main “urgency” points and add them to a Fence Sitter Series postcard from ProspectsPLUS!, then send it out to your listing of Fence Sitters. If you don’t have a Fence Sitter list, you can create a list in minutes with the demographic search tool.

        Direct mail marketing is such an affordable way to put something tangible into the hands of your potential clients. For instance, on ProspectsPLUS.com you can send 150 Jumbo sized postcards, standard class for only $121.00.

        Consider the potential return on investment of these 150 postcards – and it’s truly all upside.

        Make sure to include the Timing is Everything brochure in your listing presentation folder. In fact, here’s a promo code (FREEBROCH) for you to download the brochure for FREE, for a limited time.

        If you send a newsletter, publish an article on the topic of winter selling creating the same urgency.

        Then, start writing about ways to make their homes more attractive in winter via staging, sprucing up the landscaping, etc.

        Winter doesn’t have to be the doldrums for your real estate business. All it takes is an effort to counteract the naysayers by getting the word out that selling in winter has definite benefits.

        Fence Sitter Series
        Send the Time is Running out postcard from the Fence Sitter Series to your Fence Sitter prospect list.
        Use the Demographic Search tool, from a desktop or laptop, to generate your Fence Sitter prospect list in just minutes.

        Need help targeting a specific niche of buyers or sellers? Use our prospect list tools to create the ideal list (it’s easy) or call our support team for assistance at 866.405.3638!

        Follow the 3-7-27 Law of Branding and send a series of Fence Sitter postcards over a period of time. Use the “Schedule Orders” tool to schedule months of mailings all at once.

        And, remember with scheduled orders YOU DON’T PAY until the order goes out!

        Just click the “Schedule for Later” button and pick your mailing date – it’s that easy!

        Because what GETS SCHEDULED, GETS DONE!

        Watch the video below to learn how to schedule a mailing in just minutes!

        PLUS: When you have time…here are some helpful resources we’ve made available to support your success.

        1. Become a Neighborhood Brand

        Become branded in a specific neighborhood with a 12X15 marketing piece sent automatically each month to an exclusive carrier route. Watch this video to learn more or Click Here.

        2. The Free Real Estate Mailing List Guide

        This image has an empty alt attribute; its file name is Real-Estate-Mailing-List-Guide2-3-D-999x1024.jpg

        The Real Estate Mailing List Guide outlines the top tools for generating targeted prospecting lists including Baby Boomers, Empty Nesters, Investors, Lifestyle Interests, High-Income Renters, Move-Up Markets, and more. The Guide also defines done-for-you marketing campaigns to match these markets. –Click Here

        3. The Free 12 Month Done-For-You Strategic Marketing Plan

        This image has an empty alt attribute; its file name is 2020-Planner-3D-999x1024.jpg

        The Real Estate Marketing Planner is a powerful 12-Month-Guide that strategically defines what marketing to do when. Four key market segments are included, Niche Marketing, Get More Listings, Geographic Farming, and Sphere of Influence. –Click Here

        4. The Free One-Page Real Estate Business Plan

        This image has an empty alt attribute; its file name is Business-Plan-3D-Book-New1-270x300.png

        Treat your business like a business it is vital to long-term success in this industry. Some agents may put together elaborate business plans, yet there’s something powerful about keeping it simple. Check out our one page Online Real Estate Business Plan.  – Click Here

        5. Become a Listing Legend Free eBook 

        This image has an empty alt attribute; its file name is Become-A-Listing-Legend-3D-Book-White-274x300.jpg

        Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here

        6. The Free Online ROI Calculator

        This image has an empty alt attribute; its file name is ROI-calculator-b-233x300.jpg

        Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! –Click Here

        7. The Free Real Estate Marketing Guide “CRUSH IT” 

        This image has an empty alt attribute; its file name is CRUSH-IT-Guide-3-d-298x300.jpg

        The “Crush It” Guide includes easy steps to launching an effective direct mail marketing campaign, how to create a targeted prospect list, the perfect way to layout marketing materials for success, seven opportunities available to target in your area right now. –Click Here