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Real Estate

Chapter 5 Conclusion

admin 2019.04.13 19:52 Views : 51

Chapter Conclusion

Chapter 5: Listing Presentations Summary

Pricing a Property methods:

  • Appraisal
  • Competitive market analysis
    • Properties currently for sale. Gives a clear picture of the asking prices buyers are seeing for similar homes. Asking price is not always a good indicator of the actual selling price of a property.
    • Recently sold property (Include similar properties that have sold within the past three to six months).
    • Expired properties not sold. More recent expiration date, more reliable data. Most often a property fails to sell because of overpricing. 

The Estimated Seller's Proceeds form estimates the amount a seller will net from the sale of the property. 

The Listing Presentation Manual is a support piece to use as reinforcement for what you are saying to the prospective client.

For sellers, the Listing Presentation Manual must address:

  • Benefits of listing a home with an agent.
    • Advice on getting the home ready for sale.
    • Advertising and promotion activities paid for by agents.
    • Qualification of all prospective buyers.
  • Why that listing should be with you and your company.

For buyers:

  • Explanation of the different types of agency and what seller agents do for their clients. How the buyer's agent gets paid his or her fee.
  • Should cover your skills and expertise as well as your firm's.