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Dear Mr. Seller........

.......................I want to thank you for inviting me over to look at your house and talk with you about selling it.

Before I get started talking about what I'm going to be doing to get your house sold as quickly as possible, let's take just a few minutes to talk about the things I'm not going to be doing and why I'm not going to be doing them.

First and foremost; don't pick up your daily newspaper and start looking for a 3 line ad that looks just like everyone Else's 3 line ad and also, don't be looking for a small color photo in the glossy, color magazines that you pick up at the bank or grocery because you won't be in them either.

Print ads don't work to sell your house

The reason is simple; print ads are not as effective, both from a cost standpoint and being effective. According to a National Association of Realtors (NAR) study, ";87 percent used the Internet";, way over twice the number that said they looked at print ads. NAR's study went on to say: ";Fewer buyers rely on a home book or magazine, home builders, television, billboards and relocation companies. Buyers most commonly start their search process online and then contact a real estate agent.";

As the statistics and buyers very clearly say; give us an online location where we can see all the homes for sale in an area, lots of photos, and area information as well as information about the homes for sale.

Just say "no" to having an open house

Number two, don't be getting ready for a traditional Sunday open house because we are not going to be doing one. There are several reasons. First and foremost, open houses don't work to sell a particular house. Typically brokers put their new agents out sitting open houses to pick up buyers for other listings.

Personally I don't feel that it's fair to use your house as basically 'bait' to lure buyers in to buy another house. Secondly, open houses usually only attract only lookers, ";tire kickers";, and unfortunately also criminals looking for a house to rob now or later, often when you and your family are at home. There have also been incidents of visitors to open houses caught looking through medicine cabinets and other location for prescription drugs to steal to feed their habit.

Here's a partial excerpt from REALTOR magaine about holding open houses:

";Nix open houses—they are neither worthwhile nor safe The article on safety, “ Protect your life ” (September 2003), reminds me that the most dangerous part of real estate is open houses. Besides attracting neighbors, the curious, and unqualified “lookie-loos,” opens draw weirdos of varying degrees.

In the past few months, right here in Minnesota, there’ve been practitioner abductions and attacks: One salesperson was invited to conduct a market analysis on a home and was sexually assaulted by a man and his sister-in-law. Another was holding an open house at a model home when a man came in, took off all his clothes, and helped himself to the shower. Yet another salesperson had her purse stolen. Two female salespeople were robbed at gunpoint while showing a vacant property last spring.

It’s time for professionals to prevent these kinds of crimes by eliminating the vulnerability: Stand up and educate your clients about the dangers and pointlessness of open houses. They’ll understand that reducing their liability is a great benefit and that you are professional and creative enough to bring the very best buyer—without the risks.";

So there you have it; two things I don't do and the reasons I don't do them. Would you like me to continue with my presentation at this time and show and tell you the many things I do to get your house sold; many of them exclusive to me?

Thanks, I'm glad you' agree with me; now let's talk about what works in today's tougher, more competative, seller's market to get your house sold.

FYI; here's a copy of some buyer data from NAR's 2008 ";Profile of Home Buyers and Sellers";

nar's 2008 survey of home buyers and sellers

This great resource is available free of charge to members (Realtors) at www.Realtor.org

Posted Tuesday Jun 23
( 06/23/09 08:00PM ) — Margaret Woda, Maryland Real Estate

Excellent way to present this information to home sellers, Jim.  I may have to try your approach!

I like the approach. I may use it too if you don't mind. I can't think of several calls that would be nixed with this said up front, especially in a slower moving market.

( 06/23/09 08:07PM ) — Wanda Kubat-Nerdin

Jim, I agree with the newspaper ad, not effective, but open houses do work depending on where you are sitting and when. I do not do Sundays, that's family time.

I think I would switch the presentation around.  Tell them everything you do do, and then state the things you don't do because they should already be blown away by the things you do.

I also do not do print listing marketing anymore except for flyers inside the house. Whenever my seller clients ask about Open Houses, I tell them the truth. It doesnt sell houses and it's another revenue for agents to pick up some clients. But they do not sell houses.

Jim - We are on the same page.  Print is outdated along with Open Houses.  The internet is a wonderful tool for buyers, they usually get multiple pictures of a home along with a full description, measurements, a map, a list of schools, etc.  Some agents I know who advertise in magazines and newspapers say they do it to advertise themselves, not their listings. 

( 06/23/09 08:53PM ) — Jen Anderson

Jim, I agree 100%.  I ask my sellers how they found me (if I know they found me online), I then tell them that is where buyers start looking.  An internet marketing plan is where it is at.

Jim,


Well said- we have the same approach and do not use these outdated sales tactics either.  It is hard to argue with statistics. and numbers- we love our graphs too. 

Jim - There is really no need to advertise in the newspaper or the home magazines any more.  The numbers back that up, wit h 87% of homebuyers looking on the internet.  Also, open houses are okay if you are an agent looking for buyers.  I tell all of my listing clients that an open house will most likely not sell your home.

( 08/03/09 03:51PM ) — Jim Lee, Knoxville Tennessee Realtor®

I agree Troy; haven't ran a print ad of any kind in a number of years now.

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