Marketing Techniques That Sell

When showing a home, it’s often easiest to run through the particular set of features within the home, but, you may be missing the best opportunity to show off differences that can help a home sell.

Benefit marketing plays a fundamental role in separating the good from the great in sales and real estate is no different. Just about everyone can walk into a home and see the features, but, home buyers are often trying to take everything in quickly when visiting a home so running down a list of features that they can already see does not help them discern why a particular feature may be important. This is where benefit marketing comes in to play.

As you walk through a home with a client, explaining the benefit of a feature can greatly improve the desirability of the home.

For example: a home has a tankless hot water heater. Many buyers today know that this is a new technology, but, not necessarily what it means to them. Taking a moment when highlighting the feature by explaining how that feature benefits the buyer gives a meaning to that feature. In this case, it means lower monthly utility bills and endless hot water for a shower. For a family of 5, this would be a significant benefit and could be the difference maker between two similar homes.

Another example of benefit marketing might be explaining why new windows in an older home are important rather than simply stating that there are new windows. “Green” building is one area where benefit marketing is important, but, it encompasses just about all read more

Posted by Ryan Ward on Jun 05, 2008 under Online Marketing, Guest Bloggers

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On The Home Seller’s Radar: Home Staging

Part 2 – HomeGain’s Fall 2007 Home Sale Maximizer™ Survey

In part 1, I disclosed six of the top 10 most recommended home improvements (by real estate agents). Now here’s the top four!

1. Clean and de-clutter
2. Lighten and brighten
3. Stage home for sale
4. Landscape front/back yards

In each of the four regions, West, East, South and Mid-West, all real estate agents agreed that cleaning and de-cluttering was the most valuable action in getting a home into “home selling condition.”

At a minimal cost of a couple hundred dollars, ROI of cleaning and de-cluttering your home may skyrocket into a high average of 578%. This is added home value in the range of $1,500-$2,000. The highest return on investment was in the West (837%).

Professional home staging came in second place in the South and Mid-West. On a national level, agents reported that home staging costs between $400 and $600 on average, potentially resulting in a $1,900 to $2,500 increase to the home’s selling price, and making the return on investment over 340%. read more

Posted by Jessica Gopalakrishnan on Dec 26, 2007 under HomeGain Market Data, Home Improvement

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