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Recently, I was talking with one of our agents, and she relayed her amazement at the ease with which she was able to have an impactful listing conversation and truly set herself apart from the competition. The seller even complimented her on her approach, which, by design, incorporated these three steps:
1. Understand the concept and idea behind the listing conversation. Stop inviting sellers to a listing presentation. Instead, invite them to a value-added, highly effective listing conversation. In other words, we’re not desperate for listings, and we’re not going to pressure the seller in any way; we’re meeting with the seller to see if a win-win working relationship can be created.
2. Know the five stages of converting a listing into a listing conversation:
- Handle pre-conversation activities. Think of the right questions, assemble the right tools, confirm the appointment, and prepare the listing agreement.
- Set the tone for the meeting. Establish the boundaries for a win-win relationship.
- The message should be the goals, plans, and strategies. Uncover the needs, prioritize them, and then introduce and review the CMA.
- Address mutual expectations. Many agents leave expectations unspoken, but it’s important that you and the potential listing client gain agreement on what your roles will be in the working relationship through clear communication.
- Handle post-conversation activities. Address any remaining questions, comments, or concerns, then present and explain the listing agreement.
3. Follow a step-by-step guide to implementing and executing the listing conversation. This means adding (conservatively) $25,000 to $60,000 to your bottom line.
If you don’t already have an approach in place to turn your listing presentation into a conversation, call, text, or email us and I’d love to elaborate more on what’s getting us great results. We’re here to help, and we look forward to hearing from you!