What happens when listings expire?
If your listing contract is expired and you choose not to renew it, the agent removes your property listing from the MLS, hiding the listing from buyers. It also means you are no longer obligated to use your real estate agent to sell your home. In essence, you and your house are now free agents.
How do I get luxury expired listings?
A Step By Step Guide To Winning Expired Luxury Listings
- STEP 1: GENERATE YOUR LIST.
- STEP 2: CREATE YOUR LETTER.
- STEP 3: REINFORCE YOUR VALUE PROPOSITION.
- STEP 4: ASSEMBLE YOUR MATERIALS.
- STEP 5: FOLLOW UP BY PHONE, SOCIAL OR EMAIL.
How do I contact expired listings?
Time blocking is imperative when it comes to calling expired listings. Start calling at around 8 am to be one of the first agents to contact the seller. Plan to make new expired calls from 8-10 am. Then you can start calling older expired listings and follow up afterward.
What does a yellow letter mean?
Yellow letters are handwritten prospecting letters that real estate investors or real estate agents send to homeowners in order to generate seller leads. They’re called “yellow” letters because they were historically handwritten on yellow legal pads.
What does Driving for Dollars mean?
Driving for dollars is the term that real estate investors use to describe the act of driving around specific neighborhoods with the goal of finding off-market properties that competitors haven’t noticed.
What stops a house from selling?
A lack of outdoor space, damp patches and nasty odours top the list of the biggest deal-breakers for house hunters, according to new research commissioned by GoCompare Home Insurance. The survey revealed that poor maintenance and bad housekeeping are among the most common property ‘turn-offs’ for potential buyers.
How do you write a wholesale letter?
State the purpose of the letter. Begin the letter by introducing your company and stating the reason for the letter. In this case, tell the reader that you are introducing your wholesale company to him and that the letter is a proposal to offer services to the reader’s company. Offer details about the company.