Jason Pantana

View Original

How to Compete in 2021's Housing Market

In todayโ€™s (insane) marketplace is it necessary (or even worth it ๐Ÿคจ) to market a listing when itโ€™ll invariably sell in a flash? Short answer: ๐˜-๐„-๐’!

As a listing agent itโ€™s your job to expose a property to the largest pool of would-be and could-be buyers!

No doubt, itโ€™s by-and-large a sellersโ€™ market. However, in a manner of speaking, itโ€™s only sellersโ€™ market ๐˜ง๐˜ฐ๐˜ณ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฏ๐˜ฆ๐˜น๐˜ต ๐˜ญ๐˜ช๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ if every eligible buyer in the marketplace, at minimum, knows about it. If a seller wants to take the market for all itโ€™s worth๐Ÿ’ฐโ€”pure and simpleโ€”donโ€™t repress the marketing!

๐Ÿ‘€ More exposure, more showings.
๐Ÿšช More showings, more offers.
๐Ÿ“ More offers, more leverage.
๐Ÿ’ฐ More leverage, more money.

Granted, if a home sells before you even publish the Facebook ad, for instanceโ€”in all seriousnessโ€”whatโ€™s the point? The trick is to ๐ฌ๐ฉ๐ž๐ž๐ your marketing ๐šž๐š™, not to ๐ฌ๐œ๐š๐ฅ๐ž it ๐š๐š˜๐š ๐š—.

For example, try submitting your Facebook Ads 72 hours before the listing goes live. That way you clear Facebookโ€™s internal review process w/ time to spare. Schedule the ad to start running 24 hours in advance of the listing officially going live on the market. Sidebar: make sure youโ€™re compliant w/ all applicable rules/regs (e.g. Clear Cooperation). FYI, the first 24 hours of a Facebook Ad is considered its โ€œlearning phaseโ€โ€”so by starting it a tad early thereโ€™s adequate time to resolve any bugs before the, quote-unquote, โ€œon-market timerโ€ formally starts. Last thing: run your ad for fewer days than you would normally and increase its budget accordingly.

I donโ€™t mean for this post to sound like Iโ€™m just talking about Facebook ads -- because Iโ€™m not! This is about adjusting your entire ๐—น๐—ถ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—น๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ๐™ž๐™ฃ๐™œ ๐™จ๐™š๐™ฆ๐™ช๐™š๐™ฃ๐™˜๐™š to keep pace w/ the velocity of the marketplace. #NeverStopMarketing