- Inventory is low, but demand is high - Now, maybe more than ever, the “move-up” home trend is on the rise, but there’s not enough homes on the market.
- Demand is really high - Homes are going faster than we’ve ever seen, with homes being on the market an average of only 36 days, nationwide*.
- Sellers are looking for Listing Expert Agents that can get them top dollar - with the market being what it is… a Seller’s market, those looking to sell their homes are going to be looking for Agents who are experts in their market and can get them the most money for their home.
To win the listing in this market, and in 2021, you’ll need to showcase your expertise from the moment you walk in the door.
Whether you’re closing the deal, dealing with an expired listing, have a client asking you to discount your commission, or have a prospective buyer contacting you online… you need to know what to say and when to say it in order to come across as the expert you are.
Luckily, we have our very own Listing Expert Agent, Garry Creath, who spent 20+ years perfecting his Listing Scripts.
Garry used to go on a listing appointment every day, six days per week. He and his business partner, Jonathan, from Creath Partners, our associated Brokerage, maintained between 50 and 75 active listings at any given time.
During that time, Garry perfected the scripts he used through continuous testing and improvement. And now, he’s revealing exactly what he said to win those new listings, over and over again!
Out of all of Garry’s scripts, we picked the top 3 to share with all of you (plus a special bonus).
Script 1: Closing the Deal
At the end of the listing appointment is where a lot of Agents start to fall off of…
It’s not enough to just have a killer listing presentation, you also need to closing script that leaves your prospective clients with the memory of how competent you are and exactly how you’ll sell their home.
This script provides exactly what to say AFTER the listing appointment when it’s time to make the agreement and get your prospective client to sign on the dotted line.
PRO TIP: Use the information from this blog in conjunction with what we gave you in the blog “Your 2020 Listing Presentation” and really SHINE on your next listing appointment!
Script 2: Expired Listing
As real estate agents, we are often taught to reach out to expired listings in the MLS as a way to prospect for clients.
You may have even been given this script in the past, “Hey I saw that your home is no longer available for sale. I have a buyer who may be interested and I’d like to come by and preview it.”
Perhaps you didn’t really have a buyer, but were told this was a good way to get your foot in the door. However, in many cases, the seller has already gotten calls from 10 other Realtors claiming the exact same thing.
Instead of starting out with the same boring gimmick other Realtors use, Garry uses a different approach.
Script 3: Discounting Commission
In any marketplace, if consumers believe that everything is exactly the same (i.e. a commodity) they choose what they are going to buy—or who they are going to work with—based on price. If all real estate agents are the same, they’re going to hire the one who discounts their commission the most.
As a professional, we never want to be in a position where we are forced to give up our hard-earned commission to win a new listing. That’s why it’s so important for us to compete on value rather than price. We need to create a story for our clients to illustrate how we are different from the competition, and how those differences will benefit them.
In fact, don’t leave it to chance and have only ONE thing that differentiates you. Differentiate yourself at every step (even with how you say “No” to discounting your commission) so that the customer will remember you for everything that is different.
Bonus Script: Online Contact
How many times have you gotten the message (or a variation of), “I’m just looking for information, but I’m not ready to make any moves quite yet”...?
Two of the absolutely worst ways to handle this situation (yet, unfortunately, two of the most common) are to:
Overwhelm the prospective buyer by moving too fast or trying to pressure them into meeting before they are ready. This can turn them off to you as a realtor completely before they’re even ready to make a decision.
Ignore the prospect completely, or send a one-off message of “When you’re ready I’ll be here”, without any other information or help.
Instead of scaring them off, or ignoring them completely, give them some information they can use and a reason to come back to you.
Garry likes to offer his Buyer Direct Program and then obtains the prospects email address to add to his database and make sure they get the information they need.
Now that you know exactly what to say, you’ll be armed with the perfect response to any situation.
If you’re interested in more tools, scripts, and strategies to help you with your real estate business you’ll want to tune-in to our next FREE webinar training!
Join Our Next Free Training!
Source*: https://www.daveramsey.com/blog/housing-market-forecast#:~:text=In%20February%202020%2C%20houses%20were,day%20average%20in%20February%202019.
