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Why Should a Seller Work
With a Full Service Real
Estate Brokerage vs. a For
Sale By Owner Franchise?
Dealing with DiscountersDealing with Discounters
Me
“The
Fam”
Me
There’s always someone
closer and cheaper.
You can’t do anything
about discounters.
Discounters are not exclusive
to the real estate industry.
Hi
nt:
Hi
nt:
What is the
problem,
really?It’s not
them.
Consumers Choose Based on…Consumers Choose Based on…
Status
Does the client want to save money or get more
money for the house in a shorter amount of time?
Perceived outcome / solution
Who offers the most opportunity
to get the home sold?
Price
Does the client want to emotionally negotiate
a price or benefit from third party negotiation?
of consumers makeof consumers make decisionsdecisions
based on the buying / sellingbased on the buying / selling
experience, not price.experience, not price.77%77%
Separate Yourself from the DiscountersSeparate Yourself from the Discounters
Develop a one-liner.
What can you do for your clients?
Get in their mindset.
Sell the whole package
not just the commission.
Work it out.
What can you do to get
more money in less time?
Unmotivated Sellers Money Savers
For Sale By Owner Mere Posting Providers --For Sale By Owner Mere Posting Providers --
Who Are Their Target Market?Who Are Their Target Market?
NAR StatsNAR Stats
43%
Did Not Want to Pay Commissions
25%
Sold to a Relative, Friend or Neighbour
15%
Buyers Contacted Sellers Directly
Top 3 Reasons for Selling Home as FSBOTop 3 Reasons for Selling Home as FSBO
NAR FSBO StatsNAR FSBO Stats
Method Used to Sell Home, 2001-2012Method Used to Sell Home, 2001-2012
Determine the
Asking Price
Why work with a full-service brokerage?Why work with a full-service brokerage?
In-depth knowledge of property values
Proven methods for property pricing
(ie: mpac assessments)
Understand the variations of home
sale prices based on variables
What goes in to pricing a house?What goes in to pricing a house?
Model, condition, upgrades, etc…
$
Property
Showings
Advantage: Property ShowingsAdvantage: Property Showings
Access to buyers
Ability to
show home
Security & safety
Legitimacy of buyers
Convenience
Marketing
the Property
Advantage: MarketingAdvantage: Marketing
Accurate postings on the MLS
Marketing plan = maximum exposure
Negotiating
and Closing
the Deal
Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing
Buyers are not thinking
about paying your
commission.
Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing
Sellers who sell privately want to
save on commission, but Buyers
who purchase privately will want
to save the difference as well.
There is a great deal of value
in third party negotiation.
Real estate salespeople
are trained professionals.
Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing
Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing
When selling
privately, sellers
must rely on
their lawyer.
Advantage: You Pay for Results!Advantage: You Pay for Results!
13%
SOLD
14%
Sold by a
Licensed
Realtor* 73%
DID NOT SELL
Based on properties listed with CommonSense Realty and RealtySellers on the Toronto Real Estate Board.
*Licensed REALTOR other than CommonSense or Realty Sellers.
Advantage: You Pay for Results!Advantage: You Pay for Results!
When you use a For Sale By Owner
marketing provider, you pay fees
up front, regardless of the fact
that your home may not sell.
With a full service
brokerage, you only pay
commission upon the
successful sale of your
property.
Separate Yourself from the DiscountersSeparate Yourself from the Discounters
Determine your desired
client
Determine your desired
client
Ask Power QuestionsAsk Power Questions
Decide who you are willing
to lose
Decide who you are willing
to lose
Ask yourself important
questions
Ask yourself important
questions
Understand your valueUnderstand your value
Develop a personal
connection with your clients
Develop a personal
connection with your clients
Why Should a Seller Work
With a Full Service Real
Estate Brokerage vs. a For
Sale By Owner Franchise?
Dealing with DiscountersDealing with Discounters
~The End~
Mr./Mrs. Seller, may I ask, if we had a qualified buyer
willing to pay a price that was acceptable to you, would you
be open to accepting an offer through our company?
Mr./Mrs. Seller, may I ask, if we had a qualified buyer
willing to pay a price that was acceptable to you, would you
be open to accepting an offer through our company?
If you felt that you could achieve a higher sale price, in a
shorter period time and with fewer challenges by doing
business with us, would you consider us for the job?
If you felt that you could achieve a higher sale price, in a
shorter period time and with fewer challenges by doing
business with us, would you consider us for the job?
If you felt that you could net an additional $_____ to
$______ by having me represent you for the sale of your
home, would you consider retaining my services?
If you felt that you could net an additional $_____ to
$______ by having me represent you for the sale of your
home, would you consider retaining my services?

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Dealing with discount real estate services

  • 1. Why Should a Seller Work With a Full Service Real Estate Brokerage vs. a For Sale By Owner Franchise? Dealing with DiscountersDealing with Discounters
  • 2. Me
  • 4. There’s always someone closer and cheaper. You can’t do anything about discounters.
  • 5. Discounters are not exclusive to the real estate industry.
  • 7. Consumers Choose Based on…Consumers Choose Based on… Status Does the client want to save money or get more money for the house in a shorter amount of time? Perceived outcome / solution Who offers the most opportunity to get the home sold? Price Does the client want to emotionally negotiate a price or benefit from third party negotiation?
  • 8. of consumers makeof consumers make decisionsdecisions based on the buying / sellingbased on the buying / selling experience, not price.experience, not price.77%77%
  • 9. Separate Yourself from the DiscountersSeparate Yourself from the Discounters Develop a one-liner. What can you do for your clients? Get in their mindset. Sell the whole package not just the commission. Work it out. What can you do to get more money in less time?
  • 10. Unmotivated Sellers Money Savers For Sale By Owner Mere Posting Providers --For Sale By Owner Mere Posting Providers -- Who Are Their Target Market?Who Are Their Target Market?
  • 11. NAR StatsNAR Stats 43% Did Not Want to Pay Commissions 25% Sold to a Relative, Friend or Neighbour 15% Buyers Contacted Sellers Directly Top 3 Reasons for Selling Home as FSBOTop 3 Reasons for Selling Home as FSBO
  • 12. NAR FSBO StatsNAR FSBO Stats Method Used to Sell Home, 2001-2012Method Used to Sell Home, 2001-2012
  • 14. Why work with a full-service brokerage?Why work with a full-service brokerage? In-depth knowledge of property values Proven methods for property pricing (ie: mpac assessments) Understand the variations of home sale prices based on variables
  • 15. What goes in to pricing a house?What goes in to pricing a house? Model, condition, upgrades, etc… $
  • 17. Advantage: Property ShowingsAdvantage: Property Showings Access to buyers Ability to show home Security & safety Legitimacy of buyers Convenience
  • 19. Advantage: MarketingAdvantage: Marketing Accurate postings on the MLS Marketing plan = maximum exposure
  • 21. Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing Buyers are not thinking about paying your commission.
  • 22. Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing Sellers who sell privately want to save on commission, but Buyers who purchase privately will want to save the difference as well.
  • 23. There is a great deal of value in third party negotiation. Real estate salespeople are trained professionals. Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing
  • 24. Advantage: Negotiation and ClosingAdvantage: Negotiation and Closing When selling privately, sellers must rely on their lawyer.
  • 25. Advantage: You Pay for Results!Advantage: You Pay for Results! 13% SOLD 14% Sold by a Licensed Realtor* 73% DID NOT SELL Based on properties listed with CommonSense Realty and RealtySellers on the Toronto Real Estate Board. *Licensed REALTOR other than CommonSense or Realty Sellers.
  • 26. Advantage: You Pay for Results!Advantage: You Pay for Results! When you use a For Sale By Owner marketing provider, you pay fees up front, regardless of the fact that your home may not sell. With a full service brokerage, you only pay commission upon the successful sale of your property.
  • 27. Separate Yourself from the DiscountersSeparate Yourself from the Discounters Determine your desired client Determine your desired client Ask Power QuestionsAsk Power Questions Decide who you are willing to lose Decide who you are willing to lose Ask yourself important questions Ask yourself important questions Understand your valueUnderstand your value Develop a personal connection with your clients Develop a personal connection with your clients
  • 28. Why Should a Seller Work With a Full Service Real Estate Brokerage vs. a For Sale By Owner Franchise? Dealing with DiscountersDealing with Discounters ~The End~
  • 29. Mr./Mrs. Seller, may I ask, if we had a qualified buyer willing to pay a price that was acceptable to you, would you be open to accepting an offer through our company? Mr./Mrs. Seller, may I ask, if we had a qualified buyer willing to pay a price that was acceptable to you, would you be open to accepting an offer through our company? If you felt that you could achieve a higher sale price, in a shorter period time and with fewer challenges by doing business with us, would you consider us for the job? If you felt that you could achieve a higher sale price, in a shorter period time and with fewer challenges by doing business with us, would you consider us for the job? If you felt that you could net an additional $_____ to $______ by having me represent you for the sale of your home, would you consider retaining my services? If you felt that you could net an additional $_____ to $______ by having me represent you for the sale of your home, would you consider retaining my services?