Beat The Headlines. Be The Expert.

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  • First question: “How’s the market?” how do you answer?
  • Next question, just for my edification, “when you think about your marketing efforts, how do you prioritize A) lead gen B) lead conversion (into buyer or listing) C) closing transaction

Transcript

  • 1. Beat the Headlines. Be the Local Market Expert .
  • 2. The Only 3 Questions Consumers Ask
    • 1. What’s for sale?
      • IDX Search
    • 2. How much is my house worth?
      • CMA
    • 3. How’s the market?
      • This is your opening!
      • What’s different about this question from the other two?
  • 3. When they ask, “How’s the market?”
    • “ I want to participate, show me how I can/why I should?”
      • They know the market is bad…
      • But how is it good for them?
    • A “buying” signal
      • Buying your services – they need an expert
      • Compelling to action – they want guidance
  • 4. Get Local!
  • 5. “ Bringing ‘em in the boat…” – Website Strategies for Lead Development “ Soft Sell” “ Hard Sell” Blog Posts Dedicated Local Pages Chart Widgets Sample Reports Lead Form Call to Action Relationships, inform Convert visitors to leads Goals: Presentation: Style: Personality, quantity High profile data, fewer options Approach: Social Media
  • 6. Great Web Site Samples
    • Real Estate Bloggers
      • www.MovinMaryland.com - Audrey Forshey
      • www.BlogTheRockies.com - Ro Troia
      • www.AtHomeInScottsdale.com - Dru Bloomfield
      • www.BlogByTheBay.com -Ginger Wilcox
    • Local Market Pages
      • www.OCExclusives.com – Jessie Brossa
      • www.StlHomeData.com – Eric Stegemann
      • www.LoCoMarketStats.com – Heather Elias
    • The Three Questions
      • www.Housechick.com – Kelley Koehler
    • Lead Focused
      • www.TheHarperTeam.com – John Harper
  • 7. More Than Just a Price Trend
    • Setting seller expectations
      • Percent Price Decreased: “This is what happens to the over-pricers”
      • DoM: “here’s what we’re looking at…”
    • Buyer off the fence
      • Inventory: “You’re in the highest-demand segment”
      • Average vs. Median DoM: the best properties moving more quickly
  • 8. Setting the Price Right & Knowing the Market % Price Decreased : Measures the number of active listings that have experienced a price reduction in the last 90 days
  • 9. Market Analysis by Price Level (“Quartile”)
    • Quartile 1: Most expensive 25% of properties
    • Quartile 2: Top Middle 25%
    • Quartile 3: Bottom Middle 25%
    • Quartile 4: Least expensive 25% of properties
    • Example: 80 homes for sale in a market (city or zip code)
      • 4 "quartiles" (groups) each have 20 properties based on individual property prices.
      • Allows for market definition by price, not just geography
  • 10. Days-on-Market by “Quartile” DoM in most expensive price segment (black line) compared to middle & lower price segments
  • 11. Key Takeaways:
    • How do you answer, “How’s The Market?”
    • Use the data to illustrate your expertise
    • Clients want the insights/statistics/guidance no matter how you reach them: web, email, print, face-to-face
  • 12. Principles & Technique: “Let Me Show You What I Mean”
    • Be prepared
      • With clients, plan the story in advance
      • The story is your chance to engage
    • Be transparent
      • Address their unasked questions - honestly
      • Confused people don’t buy!
    • Be the expert
      • What aren’t they expecting?
      • Setting price, market time expectations
  • 13. About Altos Research
  • 14. Just For Attendees
    • Posting this presentation online to Slideshare
    • Send you a Personalized Market Report to use next week
      • Buyer Meetings coming up?
      • Listings Presentations
      • Sellers – helping them really see the market
  • 15. Contact Us for a Website Session!
    • Scott Sambucci, VP Data Analytics
      • [email_address]
      • (415) 931 7942
      • Twitter: @AltosResearch
    • Ricky Fernandez, Product Specialist
      • [email_address]
      • (888) 819-7775 x.2
      • Twitter: @AltosSalesDude