Marketing The next step is a marketing plan. Often, your agent can recommend repairs or cosmetic work that will significantly enhance the salability of the property. Marketing includes the exposure of your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your agent acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients.
Advertising is part of marketing. The choice of media and frequency of advertising depends a lot on the property and specific market. For example, in some areas, newspaper advertising generates phone calls to the real estate office but statistically has minimum effectiveness in selling a specific property. Overexposure of a property in any media may give a buyer the impression the property is distressed or the seller is desperate. Your real estate agent will know when, where and how to advertise your property.
There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 84% of real estate sales are the result of agent contacts through previous clients, referrals, friends and family, and personal contacts.
To sell your home with Flynn & Company call (207) 767-0022
Jeff, Thanks for all you did to help us sell our home! Your insight into getting our home ready for the open house, as well as the steps along the way as the offer was in effect, helped to keep us “moving in the right direction”. We know all went well because of your knowledge and experience and we really appreciate it. Take care,
Anne & JoeMolnar
Sellers of 74 Goudy Road, South Portland