There is more to selling a home than you might think. Superficially, a person might think that it will sell itself currently because, nationally, homes for sale receive 3.6 offers and they sell within 18 days.
Any business student can probably list the four Ps of marketing: product, price, place, and promotion. It may appear that there isn’t much to selling a home: put a price on it; photograph it; put a sign in the yard; and, put it in MLS but, on closer scrutiny, there is a lot more that the best agents provide.
Long before the home goes on the market, the agent will create a detailed value and pricing study based on similar homes in size, price, proximity, and condition. An overpriced home will sit on the market longer than it should. The longer it stays on the market, buyers, as well as other agents, begin to wonder if there is something wrong with it.
The agent will develop a staging and declutter plan to make the house show at its best because first impressions matter and this type of effort provides a neutral canvas for buyers to start imagining their things in the home.
The marketing plan is a comprehensive strategy to consider every aspect of selling the home with the focus being to maximize efforts to get the highest possible price, in the shortest time with the fewest unanticipated events.
The individual marketing materials need to present the home in its best light. It begins with professional photos because today’s buyers will most likely, first see the home online and if the pictures don’t make the property look good, they may decide not to see it. In addition, those photos will be used on the brochures for the home and just listed announcements, as well as social media. They are crucial.
Among the most important value the agent brings to the table is their negotiation experience. Every phase of the sale involves negotiation and the position of third-party negotiator eliminates an uncomfortable situation for sellers having to deal directly with buyers, other agents, appraisers, inspectors, and lenders. Your listing agent will be your champion.
The following list includes typical things that most professionals will provide. When interviewing an agent, feel comfortable to ask questions regarding their position on these items. Another item you might find helpful is my Sellers Guide, which can be obtained by emailing Tom directly.
- Create Value/Pricing Study
- Staging/DeClutter Plan
- Develop Marketing Plan
- Document Preparation
- Professional photos
- Property Description
- MLS & Portals
- Open Houses
- Answer phones
- Just Listed/Just Sold
- Prospect for buyers
- Weekly Follow-up – Seller
- Inquiry phone calls
- Pre-qualify buyers
- Maintain files
- Meet with buyer’s agent
- Write & Review contract
- Net sheet
- Present offer
- Resolve Issues
- Review Escrow Statement
- Track buyer’ loan progress
- Coordinate closing
- Documents Review
- Attend final inspection
- Attend closing
Ensure your agent has the experience and right tools to sell your home and put the most money in your pocket at closing.
Tom Johnson is an experienced and award-winning Realtor with Your Castle Real Estate serving the Great Denver/Aurora Metro Area and Buckley Space Force Base.
As a Residential Specialist and VA Loan Expert he is happy to assist you in purchasing a new home, selling your current home, or simply answering your real estate questions.
Tom Johnson, Realtor – MBA, CRS, MRP
Call or text to (303) 856-6185 or email: firstname.lastname@example.org