559 S. Washington Ave., Kankakee,IL 60901

P.815.929.9258 P.815.929.9200

"Just wanted to say thank you for doing such a splendid job of delivering the “Meat and Potatoes” instead of a bunch of fluff. The feedback from everyone was assume. Everyone said they picked up an idea or two…which is exactly what we wanted. Thanks again." Shamiram Mazejy, Coldwell Banker – Clifton


More Attractive Listings January 20th, 2009 | Posted in General Real Estate

I was recently asked what tips/advice that REALTORS® could use in selling in the current marketplace.

Here was my response:

Just so my coaching clients do not think I have lost my mind, you must interview a seller until you find their core motivation and then build a picture of how achieving that goal (core motivation) will look and feel.  Then let them know that the granddaddy of all motivators, price, will make that happen.

However, if you must know of other non-price motivating factors, here they are:
1.  On whatever the sellers are buying, especially a new builder’s inventory, help them obtain concessions on their purchase and then match those concessions to the sale of the seller’s home.

2.  Buying up in a down market makes the seller more money.  Sell a $300,000 home at a 20% discount, loosing $60,000.  Buy a $500,000 home at a 20% discount, gaining $100,000 for a $40,000 net gain.

3.  Offer to pay a lender points to lower the start rate for a buyer on a new loan.

One of the items that I want all to be careful of is that it is all about price.  If you want other non-price items, such as staging by a REALTOR®, you tend to raise a REALTOR’s® overhead rather than reduce prices.  Who should take the hit in profitability — the seller or the agent?

Leave a Reply


To subscribe or unsubscribe to/from our blog, please click here.



Click on one of the links below to read more about Walter has to say about the real estate market.

Linked In