It's all about price! As a real estate agent you have a great deal of influence over setting pricing expectations and guiding price decisions. Learn how to approach pricing discussions that set the stage for a successful transaction.
Pricing a home can be difficult. We recommend arriving at a price range a few different ways. Sellers are already looking online and getting confused by the myriad of prices they see for their own property and CMAs they receive from other agents. In order to be different and to have sellers have confidence in your pricing, you need to have more proof than other agents. The Assessed Value Analysis is a great way to look at price a little differently and to gain that confidence.
Want to calculate appreciation rates but not sure how to start? Read this for some great advice!
No comps for the property? Small buyer pool? Home needs updating? The bottom line is "houses sell if they're priced well." Listen to our June Club Zebra call as Denise shares the pricing pitfalls that agents face and what to do about them. If you have properties that linger on the market, she'll show you how to fix the problem and deepen the buyer pool to get your properties SOLD. Curious about how to price different waterfront properties? How to compete with agents who overprice at listing presentations? This call has that and more.
Think you’ve won the listing? Not so fast. It’s time to have the pricing talk. Your seller knows they have what is in demand, they’ve been watching listings in their neighborhood and they know in their hearts that their home is even better. Are you ready to bring them back to reality without alienating your seller?
Today’s sellers are more savvy than ever before. You need to understand their way of thinking and their expectations from a real estate professional, they want a market expert with strategies that will help them win. In other words, in order for you to win, you need to adapt your listing presentation. In part one of this two part series we will be discussing seller psychology, strategy, and the opening conversation you must have with every seller.
Price reduction conversations can be a business minefield, but we are here to help you tread with grace and expertise. Learn how to navigate price reductions and turn pricing conflict into pricing partnership with skills like: setting expectations, now-market-pricing, and being able to clearly explain the pros-and-cons of a stay-or-reduce situation to even the most stubborn of clients.
Our housing market promises to continue apace with limited inventory for some time, magnifying the ups-and-downs that your potential buyers will feel, but for the home seller, many are just feeling up-up-up! You need to bring them back to a competitive, realistic price and a CMA is absolutely not going to do it.
Top among agent frustrations is when you take on a new listing only to discover that the home you need to price has absolutely no comps. Where do you begin and how do you get it right. Denise has several strategies to get you on the right track, even when the surrounding market is quickly appreciating in value. Learn how to price right, even when you have no comps.
This Publisher template is formatted to highlight homes pended and sold. Please follow your MLS rules about publicizing other agents' listings.
This is the moment in history, right now, where your clients can afford as much home as they can based on the affordability index that we have right now. What is the housing affordabililty index? What does it mean? Watch and learn.
Assessed values can be a handy yardstick to measure against the market. Homeowners receive property taxes based on their assessed values every year. Learn how to use this figure to talk about the real estate market. The Assessed Value Analysis is an easy worksheet that you can use for a number of different occasions from helping you determine market price to talking with your sellers about a value they are familiar with and more! Presented by Shauna Naf, CEO.
For years, I've talked about the power of pricing properties correctly. As a real estate agent, you can have everything else in place - great marketing materials, a powerful network of contacts, and listings galore. But if you don't use the power of corrective pricing, then you're in a fancy rowboat without a paddle.
A quick tool for calculating how much the market is changing over time, year to year. Simply enter the year and median sales price, the rest of the worksheet will do the calculations for you.
The Monthly Range Analysis, part of the Pricing System, allows you to look at ratios by price point. Excel file.
In this episode, Denise is talking to a seller three weeks after the property first listed. We're about to have a not-so-fun discussion, because the seller is not going to like what Denise has to tell her. Watch and see.
In this Overcoming Objections, Denise revisits a seller who has reluctantly agreed to the listing price for her home. Watch as Denise gently digs for the reasons behind this reluctance and helps the listing move forward with confidence.
While we recommend that the possibility of price reductions be a part of your initial conversations once you have a listing contract, we know that many agents procrastinate about this. We also realize that many agents bend to seller pressures and list homes with a bias towards the sellers desire rather than pricing based on their professional expertise. However, when the time comes that you know a price reduction is necessary, you will need to take action. If calling the client isn't appropriate, then we hope that you'll find this sample price reduction letter to be a helpful guide.
If you use this letter, don't forget to update it with your own information!
With Sellers thinking that they can ask ANY price in this hot real estate market it is critical to know how to present a realistic pricing strategy. This webinar will help you to understand not only how to price property but how to present the concept of pricing to win. Presented by Denise Lones.
Learning the nuts and bolts of the Pricing System 2.0