Académique Documents
Professionnel Documents
Culture Documents
1
2
WHERE DO BUYERS COME FROM?
2
3
G E T TO P D O L L A R : H O M E S E L L E R S T R AT E G I E S
Reporting Strategy
a system for capturing all phone call leads, including date of call, time of call and 3
phone number
weekly personal phone calls with showing feedback 3
weekly reports that includes number of leads generated, number of calls, lead sources 3
Marketing Strategy
quality photos shot by a professional photographer 3
noticeable yard signs that stand out amongst the competition 3
advertising to our referral network of customers, vendors and national database 3
of realtors
identifiable and professional home flyers 3
3
G E T T O P D O L L A R : H O M E S E L L E R S T R A T E G I E S ( C O N T. )
4
G E T T O P D O L L A R : H O M E S E L L E R S T R A T E G I E S ( C O N T. )
5
LISTING PLAN OF ACTION
6
7
LISTING PLAN OF ACTION
Home staging is the very best proven way to get top Open Houses - open 24 hours a day/7 days a week
dollar for your home as you prepare it for sale. This is We feature your home on the Internet 24 hours a day/
because staging sets the scene throughout the house to 7 days a week! No traditional, old-fashioned open
create immediate buyer interest in your property. This houses! Did you know more homes sell because of a
will then lead to your home selling for the highest pos- family member or a neighbor than from open houses
sible price in today’s market. and newspaper ads?
Staging is a few things. It is intelligent merchandising. Less than 3% of homes sell because of an open house,
It is uncovering everything a house has to offer by dep- so we focus our marketing efforts on other proactive
ersonalizing it. This can mean clearing trees to discover ways to get your home sold!
a view the home owners had long forgotten or removing
knickknacks from shelves and counters.
7
8
LISTING PLAN OF ACTION
8
9
LISTING PLAN OF ACTION
9
10
10 CRITICAL QUESTIONS TO ASK WHEN The Right
INTERVIEWING AN AGENT Agent can save
you hundreds
3. How many homes have even thousands
C hoosing the right Realtor to represent your interests
is the most important step to ensuring your real es-
tate transaction will be successful. Here are 10 questions
you sold in the last consecu-
tive 12 months? This is impor-
of dollars.
por-
you should ask all prospective Realtors. If the Realtor tant to ask because it demonstrates
onstrates
you are interviewing falls short and can’t substantiate or an agent’s track record. Don’t allow an agent to skip over
hedges in any way, you’re interviewing the wrong Real- this question, make sure the agent has documented proof
tor! Make sure an agent can back up any and all state- of their sales track record. An agent or team selling less
ments. Take a “show me” attitude, you have a great than twenty homes a year may be operating on a part-
deal riding on their ability to sell your home! time basis or is highly inefficient at generating buyers for
their homes. Can you imagine hiring a surgeon to per-
1. Are you a full-time or part-time Real Estate Agent? form open heart surgery who has performed less than 20
You should only be looking for a full-time committed surgeries in the last year? Would this make you more or
real estate agent who relies completely on the income less comfortable with their abilities?
they earn by selling real estate to support themselves
and their family. An agent who also earns income out- 4. Does the agent have a clear and defined Plan of Ac-
side the real estate industry will not feel a financial hit tion that specifically states exactly what that agent will
if they do no sell your home the same as they would if do to sell your home? This is a big one. This is where
they relied completely on the income of selling your you find out if an agent relies on passive marketing tech-
home to support themselves financially. Some part- niques or active marketing techniques. Passive market-
timers are just dabbling in the business to make a little ing is where an agent lists the home, puts a sign in the
extra money or because they aren’t good enough at it yard, enters it into MLS, runs a newspaper ad or two, sits
yet to make a living full-time. You’ll want someone who floor-time and waits for a buyer to call. Active market-
lives, eats and breathes real estate. ing is where an agent aggressively spends their time look-
ing for and talking to people who want to buy and sell
2. How long have you been practicing? In a softening homes. There are a host of systems specifically designed
market, you’ll probably want someone who has been a to find and locate buyers. Make sure your agent specifi-
licensed agent for at least eight to ten years or an agent cally identifies the systems they use.
who is part of a team lead by a highly experienced agent.
In the last several years when the market was extreme- 5. How well does the agent know their Market stats?
ly “hot” thousands of agents entered the business and This is another big one. Your agent should know the an-
in spite of their poor sales skills they were able to sell swers to the following: How many homes are currently
homes. With the changing market conditions where sig- on the market? How many homes came on the market
nificant inventories and lower prices are now the norm, in the last 30 days? How many homes have sold in the
many agents who have been in the business for less than last 30 days? Also ask agents for their average time on the
eight years simply don’t have the sales skills and knowl- market per home sale as compared to other agents and to
edge necessary to get your home sold as they have never the market as a whole. Based on these numbers how many
practiced in a “normal” real estate market. months of inventory are currently available to buy?
10
11
An agent who is not absolutely clear as to the answers 9. What makes the agent
to these questions is not effectively servicing their client. different? Why should d More
This data is required to accurately price and strategically I list my home with than 80% of
present the property to create a successful sale. An agent you? This question SLAR members
who is not evaluating the data on a regular basis would really gets to the core closed less than 1
be like going to your doctor and having him guess how to of the agents ability transaction per
treat you before examining you to see what was wrong. to communicate and
month in
demonstrate how they
6. Does the agent work alone or does the agent have can make your home me
2009.
a staff of professionals assisting throughout the entire stand out from the compe-
ompe-
sales process? With all the activities required to get a tition. In today’s current
rent market
home sold & closed in today’s market, will the agent get conditions, inventories are substantially higher than in
bogged down with the day to day office activities? Make past years. There are several factors to consider in terms
sure your agent has a paid staff including a Listing Man- of making your home stand out. First consider how did
ager, a Closing Manager, a Receptionist/Secretary, and you come in contact with the agent? How visible is
an Office Manager. Would you rather your agent be out that agent to the general public? Have you heard of the
looking for and generating a buyer for your home or be agent before?
sitting in the office processing paperwork?
Additionally there is a significant relationship to the
7. Is the agent involved with continuous ongoing train- agent’s visibility and the agent’s production. It seems
ing along with regular practicing and updating of their like everywhere you look, agents are boasting about be-
skills? The business of selling is very much like develop- ing #1. You have probably become immune from this
ing the skills of a professional athlete. Professional football information. If you are like most home owners, you
players practice and update their skills 80 hours per week only care about the sale of your home. I’m sure you will
for a 60 minute game on Sunday. The morning after Ti- agree that success in real estate is selling homes. If one
ger Woods wins an international PGA Title, he is out on agent is selling a lot of homes while another is selling
the driving range practicing and updating his skills. Is the only a handful, ask yourself why this might be? What
agent you are interviewing actively committed to ongoing things are these two agents doing differently?
training and updating their skills or did they learn the busi-
ness when it was easy and are just “winging” it today”? 10. What is the agent’s definition of “Work”? Over
the period from 1995 to 2005, an agent did not have
8. Does the agent represent themselves as a million dol- to “Work” to make a reasonable living. With the drastic
lar or multi million dollar producer? With the median changes in the market, hundreds of thousands of agents
home prices in the past several years approaching $250,000 who never learned how to work are in a panic and are
or more, a million dollar producer would only have 4 sales paralyzed with fear about what to do to get a home sold.
for the year and a multi million dollar producer would only In the St. Louis Metro market, there are over 8,000 li-
have 8 sales per year. Too many agents actually believe peo- censed agents in the board of realtors. More than 80%
ple are impressed with these titles. As a seller, your concern of St. Louis Association of Realtors members closed
should be that the agent you hire has a consistent track less than 1 transaction per month in 2009. 25% closed
record the represents their ability to get homes sold. zero transactions.
11
12
LISTING PLAN OF ACTION
My Objectives Are the Following: 9. Constantly update you as to any changes in the mar-
1. To assist in getting as many qualified buyers as pos- ketplace.
sible into your home until it is sold. 10. Entire team proactively prospects 2+ hours per day
2. To communicate to you weekly the results of our ac- and we talk to hundreds of people per day looking for
tivities. homes just like yours.
3. To assist you in negotiating the highest dollar value … 11. Contact over the next seven days … all team buyer
between you and the buyer. leads, sphere of influence and past clients or their refer-
rals and prospective buyers.
The Following Are the Steps we Take to Get a Home 12. Add additional exposure through a professional sign
Sold … the “Pro-Active Approach”: and lock-box.
1. Submit your home to our local Multiple Listing Service.
13. Your Property will have an exclusive 800# Toll Free
2. Price your home competitively … to open the mar- Information line that will immediately within 5 seconds
ket vs. narrowing the market and make adjustments, as notify our team with the buyer’s contact information 7
needed during the listing term. days per week and 24 hours per day.
3. Prepare a color flier with details of your property. 14. Whenever possible pre-qualify the prospective buyers.
4. Prepare a professionally photographed virtual tour of 15. Follow-up on the salespeople who have shown your
your property. home … for their feedback and response.
5. Develop a list of features of your home for the Brokers 16. Represent you on all offer presentations … to assure
to use with their potential buyers. you in negotiating the best possible price and terms.
6. Post your listing on more than 300 websites includ- 17. Handle all the follow-up upon a contract being accept-
ing Realtor.com - #1 real estate website in the world, ed … all mortgage, title and other closing procedures.
Craigslist and STLToday.com - #1 real estate website in
St. Louis Metro area. 18. Deliver your check or coordinate for the wiring of
your proceeds at closing.
7. Email a feature sheet and link to an unbranded vir-
tual tour of your home to the top 50 agents and most
active buyer specialists in the marketplace for their po-
tential buyers.
12
13
COMMON SELLER QUESTIONS
1. We want to only give you a 30/90 day listing. make with sellers – and tragically results in almost 50%
Unfortunately, we are not able to do that…six months is of the listings in St. Louis NOT SELLING AT ALL.
the minimum per our company policy…We will, how- We certainly understand you would like to list high…
ever, offer you the Hassle Free Listing Guarantee. This in order to leave room for negotiating, etc…. have you
100% service satisfaction guarantee covers the listing pe- considered the major problem that this creates for you
riod from day 1 to 180. as a seller?
2. We were thinking about listing with Company (X). Most people won’t bother to look at a property that are
This is one of the most common mis-conceptions from priced too high…would you rather have me negotiate
sellers…that a company or only its agents will sell their multiple offers to get our price…or not have an oppor-
home. What smart sellers realize is that a company does tunity to negotiate any offers at all?
not sell a home…it’s the individual agent ‘s (or Team’s)
We find sellers drastically over-estimate the amount of
activities that do…
room needed to negotiate? The market average for the
The best question for a seller to ask is….Do I believe that most recent six months sales is 95% (list price / sales
the agent I’m hiring has the most aggressive and compre- price). Our average is 97%. Bottom line: Get it priced
hensive plan of action? And will this plan of action get right up front and you are rewarded with a higher list/
my property sold? sales price ratio and more money in your pocket at clos-
ing. Over price it and you risk being rejected by the
3. We’ll save commission by selling it ourselves. market and never selling.
We certainly agree that if (and in today’s challenging
market) it’s a big IF, you could possibly save the commis- 5. We have a friend in the business (from church, kids
sion by selling yourself… soccer, etc.)
We definitely hear this on occasion…almost everyone we
Compounding the challenge is in the post-mortgage know does... The key question here is very simple. Do
meltdown world, seller’s are ill equipped to properly you need to absolutely sell your property?... or are you
qualify potential buyers (something that we find many looking to do your friend a favor?
traditional old-fashioned agents don’t do well either)
The result is a very low closing ratio for contracts from 6. Another Agent said they could get me more money.
buyer – even if lucky enough to get an interested buyer. We hear this almost every week. Usually, from an in-
experienced agent – see #5 above – with very limited
And what’s worse…only 2% of all For Sale By Owners transactional experience. Unfortunately, these agents are
sell themselves…and 98% are listed and sold by real es-
more excited about the prospect of taking a listing then
tate agents…. Can you afford to have only a 2% change
worrying about getting it sold. Most are afraid to tell the
of selling your home? truth and risk upsetting the seller – the rest are unable to
figure out the right price for the property due to a lack of
4. Let’s list high, we can always come down later.
This is the #1 mistake that traditional old-fashion agents experience and expertise.
13
14
C O M M O N S E L L E R Q U E S T I O N S ( C O N T. )
The typical training plan for a traditional old fashioned 8. The Other agent said he/she would...
real estate office is to take listings – regardless of price This catch all item usually is the result of an agent not
– then work on wearing the sellers out until they agree having the courage to tell a seller the truth about why
to lower the price. It’s a shame as this practice is the something does not work. Whether its telling the truth
#1 reason that listings expire after being rejected by the about why print advertising does NOT result in sales and
market and never sell –leaving an extremely unhappy only promotes a company’s brand or why Open houses
seller behind. are simply a source of leads for an agent (especially new,
inexperienced agents), we usually see sellers universally
7. You haven’t sold homes in our neighborhood (area)? being disappointed when they discover the truth.
We occasionally hear this…mostly from seller’s who are
unaware that with the advent of the Internet and broad- Also, these seller’s also generally realize that these same
based online marketing of property – the old fashioned agents are also very poor at justifying or defending the
agent who only works a small neighborhood is a relic and price of the home for the seller – again they lack the
almost non-existent. courage to have a direct truthful conversation with buy-
ers or buyer agents.
We typically carry anywhere from 10 to 20 times the in-
ventory of an old-fashioned agent. This results in more
buyer traffic and leads than many tradition old-fashioned
offices. The bottom line is with more buyers from all
over the St. Louis Metro marketplace, we have a much
higher probability of selling every home we list. This is
borne out by our successful track record and fact that
buyers rarely come looking for only a limited neighbor-
hood or area before buying a home.
14
MEET KELSEY COTTRELL REALTY
Principal / CEO
Having acquired The Kelsey Group in May of 2009, St. Louis’ leading independent broker-
age firm, she has re-launched the firm as Kelsey Cottrell Realty Group with a focus on devel-
oping the highest skilled, most knowledgable and successful real estate agents in the St. Louis
marketplace. Prior to the acquisition, Stephanie was the team leader for the highly successful
Cottrell Realty Group team - ranked #4 in the St. Louis market based on closed transaction
volume in 2008. Stephanie is passionate about providing the best customer service to Kelsey
Stephanie Combs Cottrell Realty customers. To do this she’s focused on providing agents with the right mind-
set, tools and techniques to help them break out of the box and grow to new heights. She has
helped to raise the bar in the Real Estate Industry by challenging the old and traditional and
creating new practices that work.
Stephanie is coached by one of the Top real estate coaches in North America – Mike Ferry –
who is considered one of the 5 most influential parties by the National Association of Real-
tors (along with the President of the United States and the Federal Reserve Chairman).
In addition, Stephanie was the CEO/Team Leader of the Keller Williams Market Center in Sun-
set Hills, MO and successfully led her 200 agents to the position of the #1 office in the region.
Kevin is a sought after speaker and expert on the St. Louis Real Estate Marketplace. Often
quoted by various media outlets including the St. Louis Business Journal and St. Louis Post
Dispatch, he provides keen insight, analysis and market statistics and tools to the entire
Kelsey Cottrell agent team.
Kevin is also coached by the Mike Ferry Organization – considered the preeminent coaching
program for the best agents in North America.
15
16
O P E R AT I O N S A N D S U P P O R T T E A M
Managing Broker
Shawn was previously involved in leadership with a top independent real estate com-
pany in the St. Louis marketplace. Shawn Kelsey brings more than 10 years experi-
ence and direct involvement in thousands of successful real estate transactions.
Carol Witte
Janet Vinci
16
17
O P E R AT I O N S A N D S U P P O R T T E A M
Bill Keefer
Professional Photographer
A native of St. Louis, Jason has followed in the footsteps of his mother & his grand-
father with his career in real estate.
Jason Fry is our Photographer & Field Data Gatherer. His specialties are gathering all
the features of the property for entry to the MLS, plus photographing the property
inside and out.
Jason Fry
Graham Yost
17
18
O P E R AT I O N S A N D S U P P O R T T E A M
Title Partners
As an authorized agent for Old Republic National Title and LandAmerica Com-
monwealth, Title Partners is supported by the most respected names in our industry.
Title Partners is committed to providing accurate and timely information backed by
a guarantee of integrity and a confidence that their highly rated underwriters stand
behind. Each of their closing offices is managed by one of the most respected, expe-
rienced and admired closing managers in our region. In addition, each of their pro-
duction personnel is seasoned, diligent and efficient insuring accuracy and efficiency
in the delivery of your title commitment and final policy.
Mortgage Lender
When you apply for a loan with Pulaski Bank, you’ll have access to thousands of loan
programs, which means that you’ll get a mortgage solution that meets your needs,
not ours. Pulaski is one of the nation’s largest independently owned mortgage bank-
ers and also has the ability to act as a mortgage broker, providing even more options
and more competitive rates to its clients.
18