1. Create a powerful listing presentation manual 3 ...s3.amazonaws.com › kcmcontent › webinars...
Transcript of 1. Create a powerful listing presentation manual 3 ...s3.amazonaws.com › kcmcontent › webinars...
1. Create a powerful listing presentation manual
2. Quickly overcome the FSBO objection
3. Successfully price every listing taken
4. Present yourself as the market expert
Create a powerful
listing presentation
manual
Enough Trust to Let You…
Sell possibly the largest
asset their family owns
Set the correct market
value on that asset
Set the time schedule for
the liquidation of that asset
Set the fee for the services
required to liquidate that asset
Build Rapport BEFORE you even get there!
According to Google, 2 of 3 people searching
for a prospective agent research them
“extensively online prior to working with them".
SELLERS’ MAGAZINE
Winter Edition
The 2 Biggest Mistakes agents make at the beginning of their listing presentation
1. Bragging about Themselves
2. Bragging about Their Company
What are the fundamentals of
your company’s marketing plan?
How do you find and qualify
prospective purchasers?
What is your company’s ability to
manage the overall process?
If you subscribe to services that help you
stay abreast of market conditions (like
KCM), let them know.
If you have any previous work experience or
industry designations that separate you from
other agents now is the time to mention it.
If you’ve taken a negotiation class in the
past and received a certificate for it, take the
syllabus or the brochure for the class and
make it part of your presentation.
Building Trust is Crucial
“Weary of misinformation, people are
making integrity a new form of
competitive advantage…
More important than ever to building
brand equity and differentiation,
trust has become a
precious commodity.”
Ford
The percentage of homes selling as a FSBO has
decreased from 19% to 9% in the last 20+ years
FSBOs as a Percentage
of all Home Sales
$209K
$235K
By FSBO By AGENT
*The ‘typical’ price is actually the average price in the survey. However, studies have shown that people are more likely to FSBO in markets with lower price points.
Typical Sold Price* FSBO vs. Agent
Where Buyers Find the
Home They Purchase
Over the Last 10 Years by Percentage
Newspapers
Yard Signs
The Internet
% of Buyers who used an Agent
NAR
FSBOs Must Be Ready to Negotiate
Here is a list of some of the people with
whom you must be prepared to negotiate:
• The buyer
• The buyer’s agent
• The buyer’s attorney
• The home inspection company
• The termite company
• The buyer’s lender
• The appraiser
• The title company
• The town or municipality
• The buyer’s buyer
• Your bank (in the case of a short sale)
Reasons to Hire a
Real Estate Professional 5 They help with all disclosures and paperwork necessary in
today’s heavily regulated environment.
They are well educated in and experienced with the
entire sales process.
They act as a ‘buffer’ in negotiations with all parties
throughout the entire transaction.
They help understand today’s real estate values when
setting the price on a listing or on an offer to purchase.
They simply and effectively explain today’s real estate
headlines and decipher what they mean to you.
Home Prices
The Impact of Monthly Housing
Inventory on Home Prices
LESS THAN
6 MONTHS
BETWEEN
6-7 MONTHS
GREATER THAN
7 MONTHS
SELLERS
MARKET
Homes prices
will appreciate
NEUTRAL
MARKET
Homes prices
will only
appreciate with
inflation
BUYERS
MARKET
Homes prices
will depreciate
BUYER
3X Greater
Months Inventory of HOMES FOR SALE
NAR 2/2015
S&P Case Shiller 2/2015
Year-Over-Year PRICE CHANGES
Case Shiller
FHFA
Year-Over-Year Percent Change in Price by Region
FHFA
Year-Over-Year Percent Change in Price by State
FHFA
Quarter-Over-Quarter Percent Change in Price by State
CoreLogic 3/3/15
1-Month Home Price Change
CoreLogic 3/3/15
Price & Time Since The Peak
A nationwide panel of over one hundred
economists, real estate experts and investment
& market strategists.
Home Price Expectation Survey 2015 1Q
Average Annual %
APPRECIATION
Pre-Bubble
Bubble
Bust
Recovery
To Date
PROJECTED Mean Percentage Appreciation
Home Price Expectation Survey 2015 1Q
Present yourself as the
MARKET EXPERT
NAR 2/2015
4.82M
4.62M
EXISTING Home Sales increase of 200K from last year
This January
Last January
PENDING Home Sales
Last four months of 2013
and January 2014
Last four months of 2014
and January 2015
last year vs. this year
NAR 2/2015
100 = Historically Healthy Level
NAR 2/2015
PENDING Home Sales
Census
New Construction Homes Sold
Up 5.3% over January 2014
“Buying a Home” trend on Google
Google Trends is much better at gauging mindshare rather than the total number of
searches for each term. The higher the number the larger share that topic had at that
time compared to EVERY other thing that people searched for.
Months Inventory of HOMES FOR SALE
NAR
Mortgage Credit
Availability
Quarter Fannie Mae
Freddie Mac
MBA NAR Average of all four
2015 1Q 3.7% 3.7% 3.7% 3.8% 3.7%
2015 2Q 3.8% 3.8% 4.0% 4.0% 3.9%
2015 3Q 3.9% 4.0% 4.4% 4.3% 4.2%
2015 4Q 4.0% 4.2% 4.6% 4.7% 4.4%
Mortgage Rate Projections
2/2015
5.25 $ 2,208 $ 2,154 $ 2,098 $ 2,044 $ 1,988
5.00 $ 2,148 $ 2,094 $ 2,040 $ 1,986 $ 1,932
4.75 $ 2,086 $ 2,034 $ 1,982 $ 1,930 $ 1,878
4.50 $ 2,026 $ 1,976 $ 1,926 $ 1,874 $ 1,824
4.25 $ 1,968 $ 1,919 $ 1,869 $ 1,820 $ 1,771
4.00 $ 1,910 $ 1,862 $ 1,814 $ 1,766 $ 1,719
3.75 $ 1,852 $ 1,806 $ 1,760 $ 1,714 $ 1,667
$ 400,000 $ 390,000 $ 380,000 $ 370,000 $ 360,000
-2.5% -5% -7.5% -10%
RA
TE
Principal and Interest Payments rounded to the nearest dollar amount.
Buyer’s Purchasing Power
According to Google, 2 of 3 people searching
for a prospective agent research them
“extensively online prior to working with them".
Multiple studies have shown that roughly
70% of the buying decision is now made before the prospect ever talks to a sales person face to face – and this number is growing daily.
CoreLogic 3/3/15
Price & Time Since The Peak
Here is a great article
Consumer Magazines
Social Media Content
Presentation Materials