Keep in Touch and Keep Talking
This seems like a basic but not everyone has done so. It is crucially important to stay in touch with your sellers and build that relationship. Use the opportunity to talk with your clients and reassess their property objectively in light of what is happening in the surrounds. Price counselling is extremely important, and many sellers have been open to reviewing their listing to get the most out of the market.
Reboot the Marketing Effort
Take time to reboot and refresh your property portfolio by rotating stock on the portals and changing photos, descriptions and updating prices. By employing a few of these tactics, a property that has been on the market for some time can be given a new lease of life – and an opportunity to get back on top. Digital statistics also provide key insights into how buyers feel. “Look at how many hits your properties are receiving. If one gets 45 views and another one only two, then you know something isn’t right and you need to have an open and frank discussion with the seller.
Virtual Show Days
With open show days still prohibited, agents are using virtual property tours to give buyers a feel for the property before setting up a view by appointment. Virtual tours are proving successful in matching buyers with the right home. We’re not here to waste anyone’s time. Before meeting at property, we have vetted the buyer in terms of financing and, based on the virtual tours, their level of personal interest in the home. There is much more to the matchmaking process now before you get there physically, resulting in quicker offers than we were getting before.
They are qualifying for financing quite easily and, with the low-interest rates, are able to consider higher-priced homes than initially thought. Several of them have chosen to postpone their weddings to buy property instead – basically, a deposit on a house instead of paying for a wedding venue. A well-considered long-term financial commitment.
Courtesy of myproperty & Jawitz