Developing
Your Marketing Plan...(cont.)
ADVERTISING
NEWSPAPER
You must consider this a primary source for advertising.
Be careful that you get your moneys worth. If the newspaper offers
photographs in the ad, do it. Do not advertise on a holiday weekend,
rates are cheaper but there’s a reason. Provide the basic information
especially price. Many sellers think they will generate more interest
if you don’t put a price in your ad, all you generate is more phone
calls. Target your market by including all pertinent information
about your home. You do not want people calling you who either can’t
afford your home or who want something you don’t have.
INFORMATION SHEETS/PHOTO FLYERS
These are a must. They should be in a tube or box
attached to your yard sign for prospective buyers driving in the
area, as well as having them available inside the home. Providing
these can substantially eliminate unnecessary phone calls. Again,
if you don’t have what a buyer wants, you really don’t want to even
hear from them. Information sheets are inexpensive but vital. They
should provide a photograph and a complete description of the home.
OPEN HOUSES
This type of marketing can be very successful for
a builder with a new subdivision but with existing, owner-occupied
homes, it’s questionable. First of all, if a prospect has driven
by the home, seen it in a FSBO publication or the local newspaper,
chances are they would prefer a private tour. They already know
the price and the amenities of the home. Generally they want to
ask questions and get very detailed responses. Also private showings
allow you to ask questions of your prospect that you probably would
not ask during an Open House. Last but not least, you can lose control
in an Open House. What if thirty people show up and start heading
in different directions? You must control showings and you want
feed back. It just doesn’t happen with an Open House.
It’s interesting that
different parts of the country view Open Houses differently. In
some major Midwest cities, for example, Open Houses are expected
if you’re going to sell but in similar size cities in the South,
having an Open House is the exception rather than the rule. Therefore,
you may need to adjust your marketing strategy to local custom.
If having an Open House is expected in your market, then by all
means, do it.
INTERNET
Advertising your home on the
Internet in today’s world is not something you need to think about,
you just have to do it. You do need to make the decision where on
the Internet you should advertise. Creating a home page and putting
your home "out there" should not be an option. Your ad, and your
home page, will simply get lost. Advertise on a site that specializes
in FSBO properties.
Northeastpafsbo.com
is convinced that this is the site where your home should be advertised.
It’s easy to navigate, displays the home exceptionally well and
provides a lot of assistance to buyers and a myriad of other helpful
services for both the buyer and seller.