Losing out on listings? Try this 3-phase approach

Losing out on listings? Try this 3-phase approach

14 February 2017 by Tim Neary 0 comments

Agents who get back to vendors with listings proposals after the meeting run the risk of losing the deal altogether. Here is how one REB Top 100 Agent secures the listing before he’s even met the seller.

McGrath’s Adrian Bo says many agents turn up to listings presentations with nothing more than high hopes and a long list of false expectations.

“These include that the seller will sign a legal document without reviewing it previously,” he told Tom Panos on Mr Panos’ Real Estate Gym series.

“Or make a decision about a complex marketing campaign on the spot and actually appoint them to sell their home within 60 to 90 minutes.”

Instead of putting all of his “eggs in one basket” and hoping magic will happen, Mr Bo prefers a three-phase approach to securing listings, and they all take place prior to the meeting.

1. The pre-listings telephone call

Mr Bo says the purpose of the call is primarily to secure the listing appointment. But he also uses it as an opportunity to position himself as the leading agent in the area.

“I ask them if they are a referral, and endorse myself as a high referral based agent.”

“And I tell them I’ll be sending some information in advance.”

2. The pre-listings questionnaire

Mr Bo says this goes out via email, within five minutes of the telephone conversation.

He says the questions cover general expectation on price to whether or not all of the title holders will be at the meeting. 

3. The pre-listings information

Mr Bo then sends a detailed information pack to the seller. 

“First thing I provide is two marketing options, including costs,” he says.

“I also provide a draft agency agreement, two marketing schedules, comparable recent sales, a general market and suburb analysis and some testimonials.” 

Mr Bo says the impact of his three-phase approach might surprise a lot of people.

“Two out of 10 listing appointments I go to, [they] have already printed out the agency agreement, and they have filled it in and signed it.

promoted content
Recommended by Spike Native Network
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
William Phillips on how agents can expand their database and grow their business

Get up close and personal with the best real estate sales agents in Australia in Secrets of the Top 100 Agents. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?