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Become a Listing Legend Gee Dunsten, CRS
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Strategic Thinking
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Two Critical Questions: 1. What am I doing better than my competition? 2. What am I not doing that my competition is doing better ?
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Real Estate Industry is Not Strategic
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Strategic Thinking Focus on what consumer wants
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“All wisdom begins with the use of proper names”.
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Listing Presentations vs. Marketing Proposals
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Rectification of Names
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Insurance Industry
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Listings
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Listing Agent
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Time to do Critical Thinking
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Listing Agent vs. Marketing REALTOR
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Four P’s of Marketing 1.Product 2.Pricing 3.Positioning 4.Promotion
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Introducing the one “P” of Marketing …….. Pricing
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Eric Sever ide
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Wisdom Knowledge Information Data
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Pricing begat a long lasting love affair with listing
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Not Focused on What Consumer Wants
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Harris Poll
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Listing begat “Listing Presentation”
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Listing Presentation begat “reason homes don’t sell” …… Price
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Homes don’t sell because of price begat ….. “The buyer must determine the price.”
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The buyer determines the price begat ……. “The market must determine the price”.
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“The Market” Homes aren’t commodities X
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The market must determine the price begat ….. names/words:
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Comps Commodity Similar Homes CMA
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Let’s look a the properties that your future buyer will be looking at.
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Comps, Commodity, Similar Homes, and CMA begat …… Data Driven Presentations
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CMA vs. CPA C ompetitive Property Analysis
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SMS Strategic Market Strategy
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Pricing Staging Negotiating Positioning Promoting
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Who Determines / Influences the Final Price 1.Seller 2.Seller’s Agent 3.Buyer 4.Buyer Agents 5.Bank
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Pricing Is Like Throwing a Dart on a Dart Board
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What Percentage of Agents Have: Access to the market data? Ignore data when pricing their own home?
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Adaption to the Consumer Behavior
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Introducing the SMS begat …… Three Critical Thinking Questions
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CREATING a Culture of Confidence
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Arrive Early
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Take Notes
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Who’s idea was this?
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Customization
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Three Critical Thinking Questions: 1. 2. 3.
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These Three Questions Lead to a Three Point Presentations: 1. 2. 3.
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Based on your knowledge of the current market for homes similar to yours, do you feel that the market is improving in your favor or going in the wrong direction?
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Become a Marketing Consultant
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What do you expect from the agent you select to market your home?
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“Is there anything else you want?”
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With all due respect; you really aren’t asking / expecting enough!
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You seem to be asking the things that any average real estate company can provide. Things that any agent can do.
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We want to market your home in a more customized fashion.
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Conventional marketing is no longer enough in today’s market place.
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Create Awareness a.Internet Consumer b. Top Buyers Agents
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Staging
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Sellers Top 5 Benefits Living Here
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Primary Defender of Their Equity
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Suggested Marketing Plan Time Activity Person Specific Update Every Thirty Days
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“If you can’t explain it simply, you don’t understand it well enough.”
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New vocabulary:
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List Price vs. Initial Market Position
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ListingPresentationManual X
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MarketingConversation
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Price Reduction Reduction X
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Market Position PositionAdjustment
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Certified Serious Seller Pricing the home at or below an independent appraisal or according to absorption rate positioning Having a qualified home inspection Repairing items identified in a home inspection Pest inspection Property disclosure CLUE report Home warranty Watch Pricing your home to sell Watch Preparing your home to sell
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Advantages for Sellers
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Marketing Plan Time Activity Person Specific Update Every Thirty Days
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- Will Rogers - “Going to church on Sunday will no more make you a Christian, than sleeping in a garage will make you a Chevrolet.” 77
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