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Listing Consultation Prepared For:

Mac Lellan Listing Presentation

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Page 1: Mac Lellan Listing Presentation

Listing ConsultationPrepared For:

Page 2: Mac Lellan Listing Presentation

Mo AndersonVice Chairman of the Board

Gary KellerChairman Of The Board

About KELLER WILLIAMS® Realty• Founded on October 18, 1983.

• KELLER WILLIAMS® Realty laid the foundation for agents to become real estate business people.

• Mo Anderson owned the #3 franchise in the largest real estate company in the world.

• Gary Keller was chosen by Realtors across the U.S. as one of five of the “Most Admired” REALTORS® in the nation.

KELLER WILLIAMS® FACTS:

• 3rd largest real estate company in North America.

• 72,594 + real estate consultants.

• 608 + offices in the U.S. and Canada.

• Excellence in real estate consultation training.

Page 3: Mac Lellan Listing Presentation

The KELLER WILLIAMS® CultureWin-Win — or no deal

Integrity — do the right thing

Commitment — in all things

Communication — seek first to understand

Creativity — ideas before results

Customers — always come first

Teamwork — together everyone achieves more

Trust — starts with honesty

Success — results through people

Page 4: Mac Lellan Listing Presentation

• Professional background in Social Work and Ministry

• Joined Keller Williams Realty (August 2009)

• Professional Designations, ATWD: At Home With Diversity

SRES: Senior Real Estate Specialist

e-Pro

GREEN

Chris MacLellan ~ Resume• Sangamon State University B.A. degree, Child Family and

Community Service.

• Sacred Heart School of Theology, MA degree Theology

• Obtained Missouri Real Estate License (2008)

• Representation of real estate buyers and sellers (2008-current)

Page 5: Mac Lellan Listing Presentation

The Bow Tie Guy Marketing PlanYesterday’s marketing plan doesn’t work with today’s buyers

• 93% of buyers between 18-44 years old use the internet to search for homes

• 87% of all buyers use the internet in their home search

• 62% of buyers 18-44 use social media regularly

Sell your home using the Bow Tie Guy’s internet marketing plan:

•Internet Marketing

• Featured advertising on thebowtieguy.net

• Advertising on 150+ local and national websites

• Virtual tours

•Social Media

• Listings advertised on Facebook, Twitter and LinkedIN

*** Survey results based on National Association of Realtors 2008 survey

Page 6: Mac Lellan Listing Presentation

Listings are advertised on EVERY major real estate listing website:

•Realtor.com upgraded listing

•Craigslist – custom ads with photogalleries updated 2 times a week

•Every St. Louis area companyand agent website displaying MLS listings

•STL Today (online St. Louis Post Dispatch)

•150+ national websites including Zillow, Trulia & Google

The Bow Tie Homes Marketing Plan

*** Survey results based on National Association of Realtors 2008 survey

Page 7: Mac Lellan Listing Presentation

• Targeted Advertising to Agents• Agents who are working with buyers in your area• Agents with nearby listings who will be getting calls from buyers• Agents working with relocating buyers

• Targeted Advertising to the Public• Video tour of the property and nearby community amenities• All advertising calls answered by The Bow Tie Guy team • Featured listing on email & print newsletters

• Yard Signs• Oversized custom signs• Directional arrows to notify neighbors of your home listing

(where allowed)

• Custom Flyers & Ads• Professional photography• 4 page color flyers at the property

Marketing Plus

Page 8: Mac Lellan Listing Presentation

• Print advertising• Only 3% of buyers find the home they purchase through newspaper

print advertising

• Regular open houses • 3/4 of buyers are working with real estate agents during their home search and

almost all buyers are searching the internet to locate homes they want to see

• Buyers ready & able to make a purchase schedule private showings of homes

• Most open house visitors are neighbors or people considering moving, but who aren’t ready to make a purchase yet

• Open houses help agents find new buyer clients, they don’t sell the house

What Doesn’t Sell Homes

• Agent open houses• Agents who are busy working with buyers, don’t have time to attend agent open houses

• Agents choose to attend an open house to be supportive for coworkers or for a free lunch…not because they have a potential buyer for the home!

• Targeting agents at a single real estate company• With about 10,000 agents in the St. Louis area, most real estate transactions involve a listing

agent and buyer’s agent who work for 2 different companies

• Whether an agent works for a company with 1 office or 20 offices, most agents only interact on a regular basis with 20-50 agents

Page 9: Mac Lellan Listing Presentation

What You Do & Don’t ControlSeller Controls:

• Property condition

• Availability for showing

• Asking price

• Home warranty

Seller Doesn’t Control:• Pricing of competition

• Buyer’s vs seller’s market

• Interest rates

• The price buyers thinks the house is worth

Page 10: Mac Lellan Listing Presentation

Pricing MisconceptionsIt is very important to price your property at competitive market value at the signing of the listing agreement. Historically, your first offer is usually your best offer.

Buyers & Sellers (and Appraisers) Determine Value

The value of your property is determined by what a BUYER is willing to pay in TODAY’S market. Buyers make their pricing decision based on comparing your property to other properties SOLD in your area.

Once a buyer and seller agree on a price, the APPRAISER must also agree that the price is at fair market value or the buyer won’t be able to get a loan!

WHATYOU PAID

WHATANOTHER

AGENTSAYS

WHATYOU NEED

WHATYOU

WANT

COSTTO REBUILD

TODAY

WHATYOUR

NEIGHBORSAYS

Page 11: Mac Lellan Listing Presentation

Selling Price vs. Time on Market

Homes get the most showings in the 1st month, and offers on newly listed homes come in for more money.

Overpriced homes will get showings but no offers. Buyers rarely come back when a price is reduced. Testing the market with an inflated price means missing out on most buyers.

Sell quickly and sell for a higher price!

WEEKS ON MARKET

ACTIVITY 1 2 3 4 5 6 7 8

Page 12: Mac Lellan Listing Presentation

Competitive Market Analysis

• Homes currently FOR SALE… our competition

• Homes UNDER CONTRACT and waiting to close… what buyers are paying today

• Homes which EXPIRED without selling… sellers asked more than the market will bear and buyers chose other homes which offered better features for the same price.

• Homes that have SOLD… what buyers have been willing to pay recently.

Buyers will make an offer on the home with the best features in the best location for the best price.

But if everything feels overpriced, buyers will simply not buy anything.

Page 13: Mac Lellan Listing Presentation

Preparing For The Offer

• ACCEPTANCE. Signed by all parties, dated, delivered… congratulations, you’re on your way to having your property sold!

• REJECTION. Unconditional… unfortunately, your home is still on the market.

• COUNTER OFFER. Any change to the contract constitutes a counter offer. You are now in the negotiation stage.

• NO ACTION. Equals rejection. Your home is still on the market.

In slow economic times, offers to purchase routinely come in “low” whereas in healthy economic times, offers are closer to the asking price. Do not be offended by any offer received .

We counter all offers, even the really low ones, since you never know what a buyer is really willing to pay.

Page 14: Mac Lellan Listing Presentation

InspectionsInspections and potential repairs are the main reason contracts don’t close.

Buyers normally have 10-15 days to get inspections and to terminate contract if they are not satisfied with the condition of the home.

SELLER SEES THEIR HOUSE

INSPECTOR SEES THE HOUSE

BUYER SEES YOUR HOUSE

Save Yourself Time, Money and Disappointment — Do Deferred Maintenance Now!

Page 15: Mac Lellan Listing Presentation

Good communication is critical to our success

Regular Housing Market Reports prepared to keep you informed:•Showing activity•MLS website hits •Listingbook •New listings competing with you•Price changes in competing homes•Homes that have accepted contracts •Closing price of newly sold homes

Showings and Feedback:•All showings are scheduled with a full-time professional showing service•Immediate notification of showings by phone &/or email•Custom feedback surveys from showing agents

Throughout the listing period, you’ll be informed every step of the way.

Keeping in Touch

Page 16: Mac Lellan Listing Presentation

Selling your home is a team effort. The Bow Tie Guy has a team of agents and outside vendors makes sure that your home sale is smooth from start to finish.

•Chris MacLellan (Lead Agent) ~ your primary contact throughout the entire home sale process

•John Powel Walsh (Business Partner) ~ co-agent, Broker with over 30 years of experience in Real Estate

•Jamie Walsh (Listing Coordinator) ~ arranges the initial set-up of new listings

•Shana Karls (Transaction Coordinator) ~ monitors contract deadlines and manages the transaction details from accepted contract until closing

•Centralized Showings ~ schedules all showing appointments and obtains feedback from showing agents

•GE Supra ~ provides secure lockbox giving showing agents easy access to the home while tracking who is going in and out of your property

Meet Our Team

Page 17: Mac Lellan Listing Presentation

Let’s Sell Your Home

Christopher Mac LellanKeller Williams Realty

10936 Manchester RoadSt. Louis, MO 63122314-677-6144 Office314-605-0769 Cell314-677-6145 Fax

[email protected]