The other morning, Bawldguy Jeff Brown left this note in a comment:
I’m jumping back into the San Diego investment property market as a lister. I’ve been ignoring my home folks since late ‘03.
I’m gonna be offering a broadly different choice for the seller. I’ll charge NO listing commission, but a small monthly fee for ongoing marketing, and my carrying costs at Starbucks.
Now that’s intriguing, ain’t it?
It’s been gnawing at me, so I called Jeff to talk to him about it. He explains it in his own words in the podcast linked below, but stop for a moment and generalize, if you will.
If you’re in a market with a surfeit of inventory, sellers are not the kind of blue chip asset they might have been a few years ago. Qualified buyers on the other hand…
If you can sell your sellers on the idea that, like Jeff, you will give them a knock-your-socks-off listing at a price that will save them some money, you will have acquired inventory you can use to attract buyers. I think you would have to list like Jeff plans to, totally turn-key — and you’ll have to decide where you stand on dual agency. But if listing stronger for less attracts more buyers, what do you have to lose?
Since he’s working with investors, Jeff’s strategy is even more intricate than that. Give a listen and see what you think.
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