May 13th, 2021 9:20 PM by Scott Realty Professionals
The real estate game has gone tougher this year with the low inventory and homes selling fast like hotcakes (for about 20-40% above the asking price!). It's no doubt a seller's market this year and agents commonly go through a bidding war given the low supply and the high demand. We have new agents who just boarded the ship and they may find the business in a hardscrabble season; so to keep them, and the tenured realtors motivated we researched for top tips on how to help our buyer clients around the current seller's market. Realtor Magazine published in April the article, " and we picked out 3 as our top best practices to keep in mind.
1. Stay on top of your game. Clients no matter what the current market is will always want the best agent to represent them. Your expertise and experience will play a big role to stay competitive for them. Keeping tabs on new listings, and being proactive and consistent in communicating with your clients are your keys to success.
2. What can you do to sweeten the deal? Run the extra mile, add value by doing something to make your client's offer stand out. Google and adapt proven strategies that will help your clients win.
3. Get creative with your long game. Build your network, establish a relationship with the businesses in your community, and be involved with business organizations. We recommend cultivating an exclusive relationship with builders. With new construction homes on the rise, you can help builders create highly desirable homes that meet your clients' needs by acting as a link between the expectations you gather from home buyers and the features builders are including in their homes.
This article originally appeared in the Realtor Magazine, April 2021, 6 Tips for Guiding Buyers in a Seller’s Market
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