OK folks, let's get back to basics. Some of us have been wondering, how do I get more business during this slow down? Well, get back to the basics!
I remember when I first started in real estate 7 years ago, I called just about every expired listing and FSBO I could find so I can add to my inventory. I was told, "You need to list to last!"
One of my strong areas was the elusive FSBO. I would drive by and take a picture of the front of the house, put together a CMA and bind it like a book with a hard cover. Put it in a FedEx packet and drop it at the door. I would get 3 out of 10 listings and since they already been beat up by other Realtors about the sale price, I would be able to get agood price reduction and it would sell faster!
Here are some of the things NOT to do to a FSBO that other "professionals" are doing...
1. Never tell the FSBO they are overpriced or degrade them on their reason for the price. Sometimes I would walk in for the appointment and they would say that the last person told them "It will never sell at that price!" Always be respectful.
2. Never tell the FSBO that we call them "Fisbo."Most homeowners don't like to be tagged with that name because they think it's an "us versus them" mentality
3. Never ignore the spouse or the significant other in any of the conversations. I should actually make this the number 1 thing NOT to do. Although one fo them is talking and negotiating, the other is usually the one who makes all the decisions. I have been imany situations where the husband does all the talking and the wife is the ultimate decision maker.
4. Never put down their color decisions. Most homeowners take great pride in personalizing their home and may have several colors that you may think are ugly. Don't tell them that!
5. Never talk about yourself and how you are the best in the business. Homeowners don't care about how many letters you have behind your name. They only care about what you can do for them.
6. Feel free to add more after this...I have heard many horror stories about some of our local agents talking down to people and actually leaving notes on their doors!
I had one agent that left a note on a FSBO door saying they are stupid for trying to sell themselves!