July 9, 2010
From Inman’s Wheel Estate Cam, Broker Frank Llosa of Frankly Realty notes, “How do consumers know if their real estate agent is working hard, or hardly working?” The answer is communication. “Oftentimes there’s a common misperception that if you don’t see someone doing the work, you just assume they’re not doing anything.” Keep clients informed by sending copies of emails relevant to their transaction. The client will feel more in the loop and have confidence in what the agent is doing on their behalf.
The census bureau reports that new single family home size dropped to 2,438 square feet in 2009 after 30 years of increasing size. The peak was 2,521 square feet in 2007.
RealTrends reports that 75% of modified home loans through government sponsored programs will default within 12 months.
RIS Media suggests that you don’t stop with a home video tour. Consider doing a neighborhood tour. They have three tips:
Highlight common areas of interest: schools, shopping, recreation, etc.
Show what sets the neighborhood apart: landmarks, historic significance, natural beauty
Focus on lifestyle issues: climate, seasonal sports
§ According to a recent Coldwell Banker survey, singles of all ages are more likely to buy a home in the suburbs.
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