HOW WE MARKET YOUR HOMES TO SELL
Marketing your home is easier if you target the type of real estate market that exists the day you put your home up for sale. When the real estate markets transition from the seller’s to buyer’s markets, agents tend to put a lot more money and work into selling listings. However, I believe that employing strong marketing techniques is just a smart business, regardless.
In seller’s markets, good marketing can bring higher prices and, in buyer’s markets, it could mean the difference between sold or expired. Good marketing might not sell your house, but it will make the phone ring. Because if buyers don’t call, you won’t sell.
An unfortunate aspect of the real estate business is some listing agents wrongly believe that they should only spend money on advertising luxury homes. They don’t really believe the smaller transactions are worth an additional expense. Don’t hire an agent who thinks this way.
Photograph the Front
Most homebuyers begin a home search online, so good photos are essential. Listings without a photo or with only an exterior shot are often passed over and ignored. Buyers are visual. Follow these tips, and your house photo will look ten times better than the competitions:
- Crop out sidewalks and streets.
- Remove vehicles from the driveway/front of the home.
- Shoot up-close & angled photos.
- Avoid shade on the house (check the time of day).
- Clear away vegetation blocking the front door or path to door.
If you own a condo or townhome without a yard, take pictures of the clubhouse, pool, spa, or tennis courts. If you have a yard, however, buyers will want to see it.
- Emphasize space and shoot long.
- Mow the lawn & trim bushes.
- Remove evidence of pets.
- Put away children’s toys.
- Avoid shooting into the sun.
Take photographs of every room. Even if you suspect the room won’t photograph well, shoot it anyway because the photo quality might astonish you and be usable.
- Open drapes and blinds.
- Turn on lights.
- Focus on interesting details like the condition of a wood floor or a fireplace mantel.
- Remove trash cans & close toilet lids in bathrooms.
- Use floral arrangements in kitchens and dining rooms.
- Avoid shooting into mirrors because your image will reflect.
Virtual tours aren’t just to showcase million-dollar homes anymore. Every home should have a virtual tour, even if it’s only two spins. Buyers love, love, love virtual tours.
- A good virtual tour will grab a buyer by the hand and lead her from room to room, whether 360 or a video.
- Depending on the tour company, you can add sound, music, or an exciting, professionally written description that scrolls with the tour’s movement.
- Virtual tours can also include individual photos available for download or to print.
Signage encourages home shoppers to call you or your agent immediately. It’s free advertising! A well-designed For Sale sign will generate phone calls. If your home is a corner lot, put up two signs.
- Some homeowner associations prohibit real estate signs.
- Some HOAs allow only window signs.
- Try talking to a neighbor whose home is located at the corner of a busy street, asking for permission to put a sign in that yard with an arrow pointing toward yours.
- Agent signs should include the closest office’s phone number (if the brokerage operates multiple offices) and the agent’s cell or voicemail number.
Print advertising reaches buyers who read newspapers. Online ads reach the rest. If your neighbors say, “Everywhere I look, I see your home advertised,” you’re doing a good job. Put ads in:
- Major newspapers. Find out which days pull the most readers. Typically it’s Sunday, but some newspapers also publish “picture classifieds” on other days.
- Local newspapers. You can probably run a larger ad for less money to target those looking in your area more closely.
- Real estate publications. Check on the press date; can you wait?
- Every website you can find. Most online listings are free.
If you’re an unrepresented seller, you can buy mailing lists from list brokers. If an agent represents you, ask about a direct mail program. I prefer oversized four-color postcards because they are inexpensive to mail and eye-catching. Here are three places to mail:
- Neighbors. Everybody has friends and relatives who might want to move near them.
- Agents who represent buyers in your neighborhood.
- Buyers who live in other areas and often relocate to your neighborhood.
Not every home is suitable for an open house due to location or other factors, and sometimes the only way to determine that is to try it. If nobody comes, that’s probably a good indication. However, if your home is located near a high-traffic area where buyers often swarm, then it’s a good candidate.
- Place open house signs throughout the area directing buyers.
- Advertise in the newspaper.
- Advertise open house times online.
- Invite the neighbors; they’re going to come anyway.
Host Broker / Agent Tours
If you’re planning to sell your home without representation, then skip this step. However, since an agent represents most buyers, it’s a good idea to draw as many agents and brokers as possible to view your home.
- Agents who linger in your home will better remember details to later describe to buyers.
- The best way to entice an agent to hang around is food. It doesn’t need to be expensive; sandwiches will suffice.
- As agents munch and network, the hope is they will admire your home and bring back a buyer.
Technology has made it very easy to create and send electronic flyers. You can also include multiple photographs of your house. Costs vary, but it’s generally less than $100 to produce. Here are ideas for recipients:
- Real estate agents who sell in your area.
- Friends, family, and coworkers.
- Out-of-area brokers and agents who represent buyers in your area.