The longer a home is on the market, the less likely it will sell for list price.
Weeks on the market directly impact final sales price, with homes that take 12 weeks or longer consistently facing the lowest prices. While there are many reasons for this, buyer skepticism — the feeling that "something must be wrong" with a property that stays on the market so long — is a major factor.
Lingering on the market creates "anti-momentum" as buyers can (and do!) negotiate harder.
By contrast, homes have better odds of selling for above listing price if they go right away.
With that in mind, many real estate agents launch proactive plans to drum up buzz for a listing before it even goes live online. With the right strategy, you can channel the wave of enthusiasm among proactive buyers to exceed your customer's wildest expectations for their listing's performance.
Put First Things First to Position a Listing for Maximum Buzz
You can raise the visibility of virtually any listing by unleashing a concerted effort to draw the right buyers in.
However, you're much more likely to achieve a smashing success if a few preliminaries are taken care of.
To win the most local buzz, a property must:
Finding the appropriate price for a property is one of the most important services you can provide to any seller. Make sure you have found the right comps for the job. Explain the data and methodology to the seller to win buy-in. This is especially crucial when a seller's sentimental value is out of line with true market value.
If you need to get the process done faster or simply want to double-check your figures, you have options. The DeltaNET 6 all-in-one solution helps you by drawing in estimates from five trusted sources using the latest data. You never need to worry that while you're hunting down comps, the market is changing around you.
And, of course, a home should look its best before you start to publicize in earnest.
Work with your seller to ensure that any renovations, remodels, or repairs will be done in time for your buzz campaign. Then partner with a home staging professional to put on the finishing touches: that usually includes cleaning, decluttering, and redecorating to accentuate the positive in every space.
Then, you're ready to attract the right buyer like a magnet! Here's how:
Buzz makes listings take off like a rocket, getting you and your clients better results. For more on how digital marketing can help, contact us.