WORD MAGIC: (full story)
Resuscitating Expired Listings (PART I)...
You have probably spoken with individuals who
have listed their home and have waited anxiously
as absolutely nothing happened. Eventually,
their listing expired. They are probably
disenchanted with the home-selling process in
general and may be frustrated with real estate
agents in particular. So why should you
approach them? Because you now have an
unparalleled opportunity to rise above the
competition and SHINE!
Everyone appreciates good service, but those who feel
they have received poor service are usually more
impressed with excellent service than those who received
average service. They have a basis for comparison … and
you have a golden opportunity, if you:
Identify with the Client
They have already been obligated to
someone who let them down. They won’t be anxious to go
through that experience again. Understand that and let
them know that you understand.
Develop and offer potential
“expired” clients a guide like “How to Interview and
Select your NEXT Real Estate Agent.” You are
in the enviable position of helping a potential listing
client feel comfortable with trusting a real estate
agent again.
Assist Without Obligation
What should you do to set yourself
apart? Offering them information for free will help
build a bridge across the chasm in their trust. Do the
following on your website and on your marketing
materials aimed at expired listing potentials:
-
Offer to do a CMA
-
Offer to give them pointers on
pricing their home
-
Offer to give them pointers on
staging
-
Develop and offer a “what you
should expect when listing your home” sheet
This will begin a dialog with them
and will help them to see you as someone who helps, not
merely someone who wants to make a sale.
Empathize
Although they didn’t sell their home
the first time they tried, it’s not just about the sale.
It’s about the service. It’s about them feeling that
they are important and that you are willing to help
them, and put their needs first.
In person, or on the phone:
Let them talk about their experience and help them
identify what they need from you. Take the time to talk
to them when they call. Ask questions to determine what
concerns them most and offer some solutions on the spot.
Then, offer to send them some literature specifically
for their situation, and ask for their physical and
e-mail addresses and their permission to send them
helpful information.
On your website: If you are
marketing to the expired listing clients on your
website, show that you understand in your content and
encourage interaction by the visitor by offering
information that will particularly appeal to this
audience.
For example, create a document on
how to sell a house that didn’t sell, like: “A Guide
to What Went Wrong and How to Fix It” and have it
available by request from your site.
Like first-time homebuyers, the
expired listing client may need additional
“hand-holding” but the opportunity for securing listings
and glowing testimonials as a result of approaching this
type of potential client is excellent – if you are
willing to go that extra mile.
If you aren’t comfortable writing
the guides, information sheets, or creating web content
specifically for expired listings, hire a writer or a VA
specialist to create them. You can get original
marketing pieces based on your particular market
painlessly. Most writers will take your notes or will
conduct a short interview with you to gather
information. The writer will then create and send you
polished copy while you are working on what you do best…
securing more listings!
Next time, we will talk about how to
demonstrate your service to a potential “expired
listing” client even before they become your client!
Author's
Note: I’d like to thank David Vega, of Stanfield
Realtors Inc., for requesting a series on expired
listings in my column.
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