EPISODE · Jul 7, 2021 · 10 MIN
Hey Coach Sean..."How do I know my Property is Overpriced?"
from Realty Coach Podcast · host Sean Shallis, Founder-Master 10x Coach
Hey everybody, Sean Shallis, 10 X Real Estate Marketing Coaching. Just wanted to touch base. We today got some exciting news. Today we're actually going to talk about first and foremost, we're going to go live. I believe it should be live already, but we're going to be talking about how to price your home. How do you know when your home's over priced and what are you going to do to bring it in line with the market? So as professional realtors we actually have tools that actually give us information and and you know, basically stuff that can tell us when that property is overpriced and when it isn't you know, and as a consumer though, it's just as easy to do it. You just, you don't have the technology behind it and you don't have the data to look at the data points to say, Hey, here's how many people viewed my house here.Get Free Access to the "10x Sell it Yourself" Method.,.100% Free Https://www.10xrem.com/training1People were on my website, how many people clicked on the link? How many people clicked on the, the description, how many people clicked on the picture? But what you can do is actually tell, you know probably one of the classic questions I always get is, Hey Sean, how do you know my properties over price? Nobody's actually been to my home yet. And I'm like, well, you know, that's probably one of the biggest indicators is we're doing the marketing. We have the property fully marketed, typically in about 48 hours for our team, at least. And I would say that most real estate professionals take anywhere from two to three weeks and you have a property fully marketed and get traction. But with our 10 X strategies that we've been used in the silver, a half, a billion dollars in real estate we've been able to execute that much faster and bring it online much quicker.And we bring it online to targeted audiences. So we can tell pretty quickly if that property is in line with the market or not. Typically we can tell in seven days and we usually try to go over a weekend just to see what kind of weekend traffic we get. But the reality is is this there's three, there's three things that are gonna make a property. Give you an indication that property is overpriced is one is the amount of appointments or lack thereof, the lack of traffic, how many views you get, how many times people are clicking on the listing. If if you tell somebody about the property or you're telling agent, and the guy goes, oh, if you tell them about a property in this market where there's one property for every 15 buyers and they go, oh, your price is probably a little out of line with the market.But if you say to somebody, Hey, I got this property on the market. It's over here, here's the price. And they go, okay, great. I'm going to tell somebody that's a pretty good indication. If they get excited about your price and about your property, typically, that's going to be a pretty good indication that you're close. At least the next thing is going to be is how many people actually come to the to the property and see it. Now when I say, see it, I've had a lot of people that we've represented over the years where they've tried to do it on their own, or they tried to do it an agent, and it didn't work for six months to a year, even. And, and one of the things they said was they had people coming to the property, but they didn't come inside.Get Free Access to the "10x Sell it Yourself" Method.,.100% Free Https://www.10xrem.com/training1And I said, tell me that again. They said, you know, and it's not uncommon for people. If you tell them to, Hey, go look at this property or if they want to see a property. And they think that maybe the price is a little out of whack, but...
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Hey Coach Sean..."How do I know my Property is Overpriced?"
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