How to Compete in 2021's Housing Market
In todayโs (insane) marketplace is it necessary (or even worth it ๐คจ) to market a listing when itโll invariably sell in a flash? Short answer: ๐-๐-๐!
As a listing agent itโs your job to expose a property to the largest pool of would-be and could-be buyers!
No doubt, itโs by-and-large a sellersโ market. However, in a manner of speaking, itโs only sellersโ market ๐ง๐ฐ๐ณ ๐บ๐ฐ๐ถ๐ณ ๐ฏ๐ฆ๐น๐ต ๐ญ๐ช๐ด๐ต๐ช๐ฏ๐จ if every eligible buyer in the marketplace, at minimum, knows about it. If a seller wants to take the market for all itโs worth๐ฐโpure and simpleโdonโt repress the marketing!
๐ More exposure, more showings.
๐ช More showings, more offers.
๐ More offers, more leverage.
๐ฐ More leverage, more money.
Granted, if a home sells before you even publish the Facebook ad, for instanceโin all seriousnessโwhatโs the point? The trick is to ๐ฌ๐ฉ๐๐๐ your marketing ๐๐, not to ๐ฌ๐๐๐ฅ๐ it ๐๐๐ ๐.
For example, try submitting your Facebook Ads 72 hours before the listing goes live. That way you clear Facebookโs 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 youโre compliant w/ all applicable rules/regs (e.g. Clear Cooperation). FYI, the first 24 hours of a Facebook Ad is considered its โlearning phaseโโso by starting it a tad early thereโs adequate time to resolve any bugs before the, quote-unquote, โon-market timerโ formally starts. Last thing: run your ad for fewer days than you would normally and increase its budget accordingly.
I donโt mean for this post to sound like Iโm just talking about Facebook ads -- because Iโm not! This is about adjusting your entire ๐น๐ถ๐๐๐ถ๐ป๐ด ๐น๐ฎ๐๐ป๐ฐ๐ต ๐ข๐๐ง๐ ๐๐ฉ๐๐ฃ๐ ๐จ๐๐ฆ๐ช๐๐ฃ๐๐ to keep pace w/ the velocity of the marketplace. #NeverStopMarketing