How do you earn your 6 percent?

By
Real Estate Agent with Keller Williams Realty, Eugene & Springfield

Let's face it, we get those folks all the time that want us to cut our commissions.  We always get asked, "what do you do to earn your 6 percent?"

Well, I don't know about you, but I'm done justifying what I do for my 6.  It's either work with me and take advantage of the programs I offer, or find someone else.  No more 5 percent listings, not that I have had that many anyway...but there have been a few.  Of course, there are exceptions if you can get a good priced property, and have a buyer for it when you walk in for the appointment.

What is the difference between 5 and 6 percent?  To the seller, it's 1% of the sale price...and statistically, it means a higher sale price, and less days on market.  To the seller, it ends up being more money to pay less commission if you ask me.

So what do I do?  Well...I've detailed step by step my Listing Plan of Action for you, as well as my Marketing Services.  FYI, I'm a Mike Ferry One-on-One, and the original copy of this plan of action is available for free at www.mikeferry.com

LISTING PLAN OF ACTION

THE LISTING PLAN OF ACTION 

My objectives are the following:

1.         To assist in getting as many QUALIFIED buyers into your home until it is sold.

2.         To communicate to you weekly the results of our activities.

3.         To assist you in negotiating the highest dollar value ... between you and the buyer.

The Following Are the Steps I Take to Get a Home Sold ... the "Pro-Active Approach":

1.         Submit your home to our local Multiple Listing Service.

2.         Price your home competitively ... to open the market vs. narrowing the market.

3.         Follow the 30-10-1 rule.  30 Days on Market, 10 or less showings, and 0 offers means it's time to reduce the price.

4.         Promote your home at the company sales meeting.

5.         Develop a list of features for your home for the Brokers to use with their potential buyers.

6.         E-mail a features sheet to all 400 full-time agents in my company, and the top 25 agents in the marketplace for their potential buyers, as well as all agents that have shown my other listings.

7.         Suggest and advise as to any changes you may want to make to your property to make it more sale-able.

8.         Constantly update you as to any changes in the marketplace.

9.         Prospect 3 hours per day and talk to 25 people per day looking for potential buyers.

10.       Contact over the next seven days...my buyer leads, center of influence, and past clients for their referrals and prospective buyers.

11.       Add additional exposure through a professional sign and lockbox.

12.       Provide your property with the latest technology to effectively market your property, see the attached Marketing Services Flyer.

13.       Whenever possible, pre-qualify the prospective buyers.

14.       Keep you aware of the various methods of financing that a buyer might want to use.

15.       When possible, have the cooperating Broker in the area tour your home.

16.       Follow-up on the salespeople who have shown your home...for their feedback.

17.       Assist you in arranging interim financing...if necessary.

18.       Handle all follow-up upon a contract being accepted...all mortgage, title and other closing procedures.

19.       Deliver your check at the closing.

MARKETING SERVICES

SELLERS WANT AN AGENT
WHO CAN GENERATE LEADS AND
WHO WILL KEEP THEM INFORMED

HOW DO I BRING IN BUYERS?

  • 800 NUMBER AND TEXT ON DEMAND - You get a toll free 800 number on your yard sign. When a buyer calls the number, I am paged with their name and number and I call them (often while they are in front of your home) and sell them on your home.  In addition to the 800 number, a buyer can text a specific code, and be sent information on your home, as well as have access to Mobile Website anywhere in the world.
  • LOCAL MEDIA - Your home will be featured in local newspapers, and online at PHILLYFORSALE.COM as an enhanced listing.
  • AGENT AND COMPANY BRANDED WEBSITE - Your home will be featured on both of my websites PHILLYHOUSEHUNT.com and BRYANWASHINGTON.com.  In addition to my personal websites, you will be featured on my company's website CBPREF.com, and nationally at COLDWELLBANKER.com as well seen as a SHOWCASE LISTING on REALTOR.com.
  • INTERNET - More and more people are finding homes on the internet. Your home will have its own unique website designed exclusively for marketing your property.  The site is automatically exported to all the major Real Estate Websites.
  • AGENT NETWORK - Statistically speaking, your home sale will come about as a result of an agent knowing about your home. Every agent in my office will know about your home as well as other pro-active agents in the area.
  • MULTIPLE LISTING SERVICE - Over 35,000 REALTORS will have access to your listing.

HOW DO I KEEP YOU INFORMED? 

  • PHONE, FAX, EMAIL - I will contact you personally AT LEAST once per week until your home is SOLD. If you don't want email, then it will be a phone call, it's your choice.
  • MARKETING SERVICES REPORT - If you want it, I will set up a web page that you can access anytime you please and you can read EVERYTHING about what I am doing to sell your home, who viewed it, what their feedback was, and much more.
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Rainmaker
996,576
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Melbourne, FL
Personal Service, always.

Nice presentation. I especially like the 30-10-0 rule.

Jun 07, 2008 06:47 AM #1
Rainer
164,544
Gary McAdams
GMAC Schwartz Property Sales - Key West, FL

I like the simple answer to that question.  I earn my 6% by selling their house.  I don't get paid until the house is sold.

Jun 07, 2008 07:05 AM #2
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Rainer
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Bryan Washington

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