Chapter Conclusion
Chapter 5: Listing Presentations Summary
Pricing a Property methods:
- Appraisal
- Competitive market analysis
- Properties currently for sale. Gives a clear picture of the asking prices buyers are seeing for similar homes. Asking price is not always a good indicator of the actual selling price of a property.
- Recently sold property (Include similar properties that have sold within the past three to six months).
- Expired properties not sold. More recent expiration date, more reliable data. Most often a property fails to sell because of overpricing.
The Estimated Seller's Proceeds form estimates the amount a seller will net from the sale of the property.
The Listing Presentation Manual is a support piece to use as reinforcement for what you are saying to the prospective client.
For sellers, the Listing Presentation Manual must address:
- Benefits of listing a home with an agent.
- Advice on getting the home ready for sale.
- Advertising and promotion activities paid for by agents.
- Qualification of all prospective buyers.
- Why that listing should be with you and your company.
For buyers:
- Explanation of the different types of agency and what seller agents do for their clients. How the buyer's agent gets paid his or her fee.
- Should cover your skills and expertise as well as your firm's.