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Why We Do This and Not That POWER UP YOUR PLAN Pili Meyer ABR, CIPS, CNE, GRI, SRES, VAMRES
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Who are these Buyers and Sellers and What do they want? This publication is available at www.realtor.orgwww.realtor.org
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After a steady decline since 2004, married couples rising as % of buyers
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38% First Time Buyers 2010 = 50%
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Pacific Region Median Household Income $96,300 Median Age Buyers 44 17% bought multi- generational home Reasons: Cost savings-27% Children over 18 moving back into house-20% Spend more time w/aging parents- 19% Health/caretaking of aging parents- 17% Q7
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What do they Want ? How do they Beha ve?
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WHAT SELLERS MOST WANT FROM REAL ESTATE AGENTS Q3
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Primary Reason for Selling 6-20
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How Sellers Found Their Agent 7-1
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# Agents Contacted by Seller to List Home 7-3 Q2
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3 Tak e - Awa ys for Wor kin g wit h Sel ler s Treat your referral base, including past clients, really, really well Be first in line Be easy to find
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What Buye rs Want Most from RE Agen ts 4-8 Q8
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How Buyer Found the Agent They Used 4-12
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How Many Agents Were Interviewed by Buyer 4-14 Q1
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25% 12% of the Buyers did!! Of Sellers previously worked with the agent they chose as Listing Agent
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Did the Buyer have a writt en agree ment with the agent ? Are You Kidding Me? Q6
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3 Take Away s for Work ing With Buye rs Learn how to present a Buyer’s Agreement. A lot of them think they signed one. Work those referrals Focus on what is important to them
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New v Previously Owned Home Purchases 2-1 Fairly static activity
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Why Choose New Home? Q9
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Why Choose a Previously Owned Home?
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What does that mean? If you are marketing new homes, what will you emphasize? What about existing homes?
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Factors Influencing Neighborhood Choice 2-12
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What does that mean? If you are marketing a home in the suburbs, stress the quality of the schools If you are marketing a home in a resort community, stress quality and design of the neighborhood.
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Reasons 14% of buyers purchase multi- generation al home
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Where Buyers Found the Home They Bought 3-16
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Fir st Ste ps Tak en in the Hom e Buy ing Pro ces s
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Information Sources Used by Buyers Q10
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Information Sources Used by Buyers & Their Usefulness
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81% = Internet 78% = Real Estate Agent 60% = mobile or tablet app 65% = mobile or tablet search engine The Top 4 Useful Tools
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Actions Taken as a Result of Internet Home Search 3-13
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Does this help you decid e where to spend your marke ting dolla rs?
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How does this help you respo nd to the Selle r who asks for a full page ad in the Wall Stree t Journ al?
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Mobi le phon e and tabl et apps and sear ch engi nes are # 3 & 4 in usef ulne ss.
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# Agents Contacted by Seller to List Home 7-3
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Length of Search in Weeks by Region
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How many homes did they view? Q5
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How did the Buyer and Selle r feel about the proce ss?
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Typical Seller 97% of List Price Median time on market 5 Weeks 38 % sellers’ home on market less than 2 weeks
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Satisfaction with Real Estate Agent Skills 4-21 Q4
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Satisfaction with the Selling Process 6-39
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Satisfaction with the Buying Process 3-20
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Would Buyer Use the Agent Again or Recommend? 4-21 That’s 88%
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25% 12% of the Buyers did!! Of Sellers previously worked with the agent they chose as Listing Agent
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Alway s ask for refer rals Do you know anyone who wants to buy or sell real estate?
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