Pre-listing ideas

By
Mortgage and Lending with Southern Trust Mortgage 70388

If you are unfamiliar with the neighborhood for your next listing presentation, take the time to drive through the neighborhood making notes about what is going on there and do some research on it before your appointment.  These notes can be very important in helping you represent your seller effectively.

A good understanding of their neighborhood and the homes on the market there including the FSBOs in their neighborhood helps you share your knowledge and show your professionalism.  (If there are some FSBOs, go to the door and introduce yourself and explain that you would like some information about their home to share with future prospects.) Your sellers are going to be more familiar with the homes in their neighborhood so you ought to be familiar with them too.

Your sellers need to understand that they will be in direct competition with all the homes for sale in their neighborhood and the ones that recently sold will impact their market value too.  This shows that you a professional and very knowledgeable and this will help you know more about what they expect because you are knowledgable about the market in their own neighborhood! 

Calculate the absorption rate for them too so they can see how months of inventory are on the market for homes in their price range.  This can help in determining the correct price.

In this market, it is good to know what homes like theirs are renting for too and how many rental properties are in their neighborhood!

Hope these ideas help.

 

Posted by Sam Thompson

Senior Loan Officer

Southern Trust Mortgage - 910-852-9415

Helping you GROW your business!

www.activerain.com./luckydog1 - SC

www.activerain.com/luckydog2 - NC

http://www.southerntrust.com/thompson

http://www.southernpineshomemortgage.com

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Ambassador
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Michelle Carr-Crowe-Selling Silicon Valley Homes in Top Schools San Jose, Cupertino, Saratoga, Palo Alto-Just Call 408-252-8900
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Yes, doing all of your research will definitely help you in the listing appt.

Oct 15, 2011 10:36 PM #1
Rainmaker
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Jim & Linda Arnold
Coldwell Banker Gundaker-St. Louis, MO - Chesterfield, MO
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Sam, It is never good when a seller says "What about my neighbor down the street?" and he happens to be a FSBO.  If you haven't checked out the neighborhood, you will be flat footed on this.  Great suggestions.

Oct 15, 2011 11:33 PM #2
Rainmaker
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Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Sam, thanks for sharing these helpful tips on what to do before going on that listing appointment! :)

Leilani

Oct 16, 2011 11:27 PM #3
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Sam Thompson

Southern Trust Mortgage - NMLS#70388
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