8 February 2016

How To Best Market Your Home

There is no one size fits all solution


share

In This Ever Changing Technological World There Are Many Platforms to Market Your Property...

So which is best for your property?

It is important to acknowledge our role in treating buyers fairly, openly and with respect, disclosing fully everything we are aware of concerning the property and which may be important to them in their decision making. But ...our primary and over-riding focus is to ensure we achieve the very best price achievable for our sellers. To do this, we must control the marketing.

We sell many homes to people outside of the criteria they describe to us, and also to people who aren't actively seeking a new home but who see a property for sale, attend the open home out of curiosity, fall in love with it and then purchase.

Each sector of the market and each particular market condition requires specific planning and strategising to ensure we have the greatest probability of having multiple buyers competing with each other on one particular day. This transparent competition ensures buyers pay what they must to beat the competition, rather than what they'd like to pay. Buyers naturally want the power to be in their hands, our job is to ensure it remains in the hands of the seller.

It is natural that buyers firstly consider the modern world of online marketing and there is no argument against this being a growing force. However, to find a property online, there are two requirements. Firstly the buyer must be actively seeking a home - very few people browse property online just for amusement. Secondly, buyers must have a particular set of 'search' criteria- location, price bracket, style of home etc.

Print media provides reach to those buyers who may not be actively looking to purchase.

Print media provides reach to those buyers who may not be actively looking to purchase.

Although about 1/3 of properties we sell were first identified as for sale by the ultimate purchaser online, for the 'passive buyer' or one who purchases something outside their own set criteria, they must 'stumble' upon it some other way - a sign in the street or via print media being the main two ways.The Saturday edition of NZ Herald Homes remains a weekend obsession for many of us. About 1/3 of our buyers come from Herald Homes. A further 1/3 of buyers tend to be introduced by an active salesperson with the remainder searching the property online.

"Every buyer should have at least one salesperson who understands their needs and who is actively looking for properties on their behalf - remember not all properties are actively marketed."

Salespeople form bonds with particular buyers which makes it easier for them to assist buyers into a zone of buying where others may not be so successful. This open, friendly competition between agents also works in the interest of sellers.

Please ask about and avoid any real estate company who limits the introduction of buyers to only the listing salesperson by not paying another agent, who introduces the buyer, a selling portion of the commission. This practice only serves to limit the genuine competition for your property - it is used as a recruitment and retention strategy and only works to the benefit of the real estate company. The other factor with the whole debate around marketing is what is the ideal time period? Again, there is no one size fits all. For some properties and some markets two weeks may be sufficient to give 'the greatest probability of multiple offers on one day", for others four weeks may be needed.

Before deciding, please talk to the experts.

 

 

share

Return to blog

More recent posts

22 June 2017

Thoroughly Eco


An innovative and inspiring energy-efficient home shows the many ways we can go green in the city for all sorts of benefits.

More
21 June 2017

May Market Wrap


As the number of homes on the market drops, so the competition increases amongst buyers, with the likelihood that ‘good’ properties will continue to achieve great prices.

More
15 June 2017

A Family Affair


If a corner store could be described as an institution, then Rupa’s Deli-Café and owner Dilip Rupa, who has lived in Freemans Bay all his life, must surely fit the bill.

More
15 June 2017

Time Capsule


A year-long search and a stroke of luck resulted in a young couple finding their holy grail – a pristine example of an early 1970s ‘Mid-century’ home.

More
8 June 2017

A Life Forged in Silver


Artist and Silversmith Carlina Goffe has made her living as a maker for over four decades; a massive achievement and a huge contribution to the arts around the world.

More
1 June 2017

The Art of Cooking


Multi-award-winning restaurateur couple Sid and Chand Sahrawat, of SidArt and Cassia fame, give a chef’s-eye view of their native Ponsonby.

More
25 May 2017

Ponsonby For Pooches


Your definitive guide to dog-friendly parks, cafés, shop, bars… and all things canine.

More
24 May 2017

April Market Wrap


We are now seeing a very strong trend in the market where the number of listings are declining and correspondingly the number of sales.

More
17 May 2017

The Credit Crunch


A new era of banking industry conservatism looks set to gradually rein in Auckland’s property market over the next few years.

More

Contact Us

Are you interested in knowing more about one of these articles? Please fill out the form below to get in contact with us.