10 Simple Steps You Can Take to Ensure
Your Home Sells at Top Dollar
- Emotional appeal. Make sure your home looks, feels and
smells its best. You're competing with 900 to 1,200 other homes for sale.
Buyers buy on emotion… let your home be the cleanest, freshest and cheeriest,
and you'll have a much faster sale… at a higher price.
- Read my "How To Show
Your Home" flyer very carefully. If your home is logically
a good value, but a buyer doesn't feel warm and emotionally attracted to the
home, it will not sell. Buyers buy on emotion, not logic. You'll want lots
of people to say or think, "Wow! This is nice! I would like to live here!"
- Lots of light. For maximum effect, turn every light on,
even on a sunny day. Open all window shades. Clean your draperies and curtains.
Make sure your windows are spotlessly clean. Let the sun in and keep those
lights on. Leaving all your lights on for two hours costs only 23 cents, and
makes your home look larger and more spacious.
- Weekly open houses. You can't expect to sell a house quickly
at the top price unless you get lots of buyers inside to see it. There are
more than 1,000 homes competing with yours for attention. Your home must be
exposed to buyers regularly and repeatedly to get a fast sale at the full
price. Weekly home showings are the key to the success of my Hotline Tour
of Homes, giving my clients fast, full-priced sales.
- Constant exposure. Your home won't sell unless buyers
know about it. To get top dollar, be sure to have your home repeatedly exposed
to qualified, ready-to-buy buyers. Some brokers charge you a discount commission,
then don't advertise your home. This is a mistake. The $500 or $1,000 you
save in commission is more than offset by a sale price of $4,000 or $10,000
less than what you would have received if your home had been properly marketed.
Remember, buyers can't know about your home unless you or your buyer has a
marketing plan to ensure that your home is brought to the attention of home
buyers.
- Non-traditional advertising. 83% of buyers looking for
a home in the $90K to $150K price range are first-time home buyers. Many first-time
home buyers don't even know they can afford a home. They don't know that owning
a home costs less than renting. They think that they need 20% for a down payment,
plus closing costs! If your home is in the first-time homebuyer price range,
a substantial portion of your marketing dollars should be aimed directly at
first-time homebuyers. This means advertising and marketing in areas other
than the "Homes for Sale" classifieds or Sunday Open Houses in The
Tennessean.
- Education. First-time homebuyers are more likely to pay
top dollar for your home. If your home is in the first-time homebuyer price
range, make sure that your marketing program shows first-time buyers the benefits
of home ownership and how affordable your home is. Design a marketing plan
to get first-time home buyers to see the inside of your home.
- Multiple signs. Many home buyers don't even see traditional
"For Sale" signs, because they aren't actively thinking of buying.
They often don't realize that they can afford a much nicer home. The strategy
of an additional sign in the yard shatters the "advertising protection
armor" that every consumer wears. Ten years of testing has proven that
a second bright-yellow sign, hand-lettered, will result in more inquiries,
more showings, a quicker sale, and a 3% to 5% higher price for your home.
- Aggressive Target Marketing. Lots of buyers will buy your
home for less than it's worth. The secret in getting top dollar is to find
a buyer who is perfectly "matched" to your home. Right now, there
are at least ten buyers who would love to own your home, can afford it, and
would pay a fair asking price… if only they knew about it! Some of these
buyers may not even be thinking of buying yet, but if they knew about your
home would love it! It takes a lot more than just a sign in the yard and an
ad in the paper to market a home effectively. Aggressive target marketing
will find those buyers!
- Create urgency. The Rule of Full Price states that if
a buyer feels the asking price is fair, and has sufficient sense of urgency,
he will pay the full asking price. Example: My weekly showings of my listings
to more than one buyer at a time creates a feeling of urgency. Prospective
buyers feel an "auction effect" because of other buyers showing
interest in your home at the same time. I have found that the more buyers
I can show your home to at the very same time, the higher the feeling of urgency.
The auction effect causes people to become more excited and enthused about
your home, thereby creating a sense of competition and urgency which results
in full price sales for most of my clients.
This report has been prepared by Paul Russell
A note from Paul:
I am not a salesperson, I am a marketer of homes.
As a free service, I am happy to prepare a Marketing Plan for your home. This
Marketing Plan comes to you free of charge, and without obligation. I'll show
you the most cost-effective places to advertise. I'll show you how to slash
your ad costs, while at the same time tripling your ad response. I'll actually
prepare ads for you that cost very little to run, and obtain results far out
of proportion to anything else you could try.
This Marketing Plan is yours to use even if you sell your home yourself or
list with another broker. It comes with "no strings attached" and
absolutely no selling.
Why do I do this? Because I've found that helping people like you market their
homes for no obligation brings me even more business. When I help you,
you will tell your friends and associates about me. That brings more business
to me than I could ever attain by "selling." It's all part of my personal
philosophy of helping, rather than selling. I believe (and have experienced)
that the more people I help, the more business that comes my way.
So, please, feel free to call me without any commitment or obligation. You
can call me 24-hours a day at (615) 481-1899.
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