KRISTI'S KORNER: (full story)
How To WOW The Seller Into A Price Reduction ...
Top producer
Brad Korn of RE/MAX Professionals never goes to a
listing presentation without his “list.” You know, the
list of buyers from the REALTOR.com® XLerator™ feature of
your i-LEAD™ XL Web site. Didn’t even know you had a “list” of
your own? Well, read on to see how you can tap into a
real gold mine of new leads within your i-LEAD™ XL Web site
and leverage them even further as a powerful
listing price conversation tool.
According to Brad, “If you’re not using
XLerator for your sellers, you’re crazy! It takes
only minutes and should be included with every
CMA.” Brad puts into practice what works by
logging in at
http://iLead.REALTOR.com, accessing
his list of active buyers on REALTOR.com® through
the XLerator Prospect Viewer and proactively
printing out this list for every listing
opportunity. Brad offers, “This tool is included
with your membership, costs nothing to add to your
presentation and provides a big WOW for your
sellers.”
Try incorporating this technique and dialogue
at your next listing presentation:
“Mr. & Mrs.
Seller, when you list with me, I will access this
list (present list) of hundreds of buyers
currently looking to move to this area on
REALTOR.com,
and I will market your home to them via electronic
post cards. I market to online consumers because
they typically spend more* and look at fewer
properties before making a decision**.”
*NAR Report: Profile of Home
Buyers and Sellers, 2000
**C.A.R. Internet vs.
Traditional Homebuyers, January 2002
Give it a try. Brad is currently carrying 26
listings — so it’s worth dipping your toe in!
Now, let’s say you’ve won the listing. Woohoo!
But the sellers have fought you on selling price.
(Oh, that never happens, right?) Imagine the
seller suggesting a price reduction to you. No…
can it be? Is it possible?!!! YES - by sending
your sellers their listings traffic reports from REALTOR.com®. I suggest you email the reports
every 1-2 weeks to keep your sellers abreast of
all the online folks you’re bringing to their
property. If you listen closely, you may hear jaws
dropping!
Brad Korn likes to “under-promise and over-deliver” by sharing these reports after he takes a
listing. ”Usually, the seller will suggest a price
reduction once I’ve shown how many people I’ve
brought to them through REALTOR.com® Featured Home™ advertising
and the standard listing. It works like a charm
when I’m in an over-priced situation!” It’s
difficult to argue with numbers. (I’ve tried.
Those rascals can be so stubborn.) Access your
Reports by logging in at
http://iLead.REALTOR.com
and click on Reports. Yup, it’s that easy!
I turn cartwheels (literally!) when buyer/seller
needs are matched so precisely with agent
solutions! Bottom line: people like me (i.e. The
Internet Empowered Consumer) love
numbers. And now you can provide them so easily to
win listings and inform decisions.
Brad suggests,
“Offer more value, more truth, and more instant
information and no one balks at commission.” Great
advice from a guy no who longer relies on
newspapers for lead generation and sees 2-3 email
leads from REALTOR.com® daily. Focus your time,
energy and dollars on online advertising. It’s
where more people like me prefer to go for homes
and where we expect you to market them. Now
leverage the numbers to get more of what you want
from what you already have!
For additional help on maximizing your return
on XLerator, the Reporting Tool or Featured
Homes™ DELUXE, contact your local Account
Executive for REALTOR.com® or call 800-878-4166.
A SPECIAL NOTE FROM Mr. Internet: We are
excited to announce KRISTI’S KORNER as our latest
regular guest-column addition to ePOWER! NEWS.
Kristi Kennelly has been with REALTOR.com® for
nearly four years and is a National Trainer/Speaker.
After a successful career on Broadway in such
shows as Cats, She Loves Me, and How to Succeed in
Business Without Really Trying – she discovered
the Internet and used the tools available to move from
NY back home to CA. Kristi now writes the training
presentations for REALTOR.com® and is their
premiere speaker for industry shows. Kristi has a
very unique, spunky, and refreshing style, and I can’t
think of anyone more capable of helping you get
the most bang for your REALTOR.com® buck!
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