Powered by RealTown Blogs

Apr. 19, 2006 - Everything You Wanted to Know About Converting FSBOs

NOTES From the teleconference:

Everything You Want To Know About Converting FSBOs
 
 

The teleconference is available   To listen Dial 1-641-297-7230 

The conference # is 2344

 

Here are some notes on what I shared:

 

4 Keys to FSB0 Conversion:

1. Know The Information

Examine your beliefs about the value you bring. Review statistics so your understand the value you bring. I shared stats from NAR's 2005 Profile of Homebuyers and Sellers.

Average sale FSBO  $198,200 Average Realtor Sale = $ 230,000 or 16% difference

22% sold to friend or relative.

13% FSB0 Sales in 2005 down from 20% in 1999

over 50% of successful sellers said they wouldn't do it again

 

2. Build Relationship

Purpose of the first call or meeting is to start to build your credibility.

Resources for lists of FSBOs are:

Landvoice  They will give you a special price for the first 90 days of $79.99  1-888-678-0905 or click on the link above. Tell them you were referred by Advantage Solutions Group

www.FSBOhotsheet.com  Free 2 week trial

Building trust & relationship will happen if you ask lots of questions.

Good pieces to leave on the first visit are:

The book I mentioned on the Reciprocity Principle is Influence, by Robert Cialdini 

3. Create Systems   After the first contact, you will want to have some type of contact (in person, by phone, email or postal mail) every 3 days. Each time give them information that they can use or a value piece. Use an action plan in you real estate software or Outlook to do this. IT SHOULD PROMPT YOU AUTOMATICALLY

RedX is a resource I mentioned for expireds and FSBOs  Use affiliate code 8549 on the online sign up form.  This will allow you to sign up without paying the $150 set up fee. 

4. Other Opportunities to Make Money!
  • Don't forget to find out where they are moving to. It may be an opportunity to sell them a home or refer to an agent in another city.
  • They may refer friends or family if you impress them
  • Get the buyer information from their open houses
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Shameless Plugs
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
1. Play the next FSBO Game!     Starts May 8th at 6:45 AM PDT, 9:45 AM EDT
 
2. Differentiate yourself with NAR's Technology Certification that's delivered entirely online! If you have been thinking about getting the ePRO Certification, I can offer you a $30 Discount. Email me for a scholarship code.
 
Thanks for your interest and for participating with me. Hope you have an extraordinary 2006! (You know, it's up to you!)
 
 
 
Comments ( 0 ) :: Post A Comment! :: Permanent Link

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 

About Me

Resources, articles and thoughts on being awesomely productive and creative while enjoying a life you love! Don't forget to visit my web site at www.joeann.com for even more information and resources. COMMENTS ARE WELCOME. Please notice the Post A Comment link at the bottom of the posting.

Links

Home
View my profile
Archives
Email Me
Blog Manager