introducing… mark renner. introducing… mark renner mark was given his nickname of being “mr....
TRANSCRIPT
Introducing…
Mark Renner
• Mark was given his nickname of being “Mr. Omaha by Children’s Hospital
• Grew up in Real Estate – Father owned Real Estate Company
Introducing…
Mark Renner
• Mark was given his nickname of being “Mr. Omaha by Children’s Hospital
• Grew up in Real Estate – Father owned Real Estate Company
• A graduate of the University of Nebraska-Lincoln, B.S. in Economics
Introducing…
Mark Renner
• Mark was given his nickname of being “Mr. Omaha by Children’s Hospital
• Grew up in Real Estate – Father owned Real Estate Company
• A graduate of the University of Nebraska-Lincoln, B.S. in Economics
• IBM Computer Marketing Representative – first job before Real Estate
Bigger Market•Extensive Local Marketing
•Mail to Neighbors •Mail to Move-Up
Neighborhoods•85% Of All Buyers Start on
the Web
www.MarkRenner.com
• A Photo Slide Show of your home is emailed to Every Agent in The Multiple Listing System.
Better Market
•Relocation Network is Largest in the Nation
•Our Sales Price to List Price % is the best in the Omaha Market
Better MarketMLS Mark
Average Days
On Market70 59
Average List to
Sales price Ratio97.1% 97.2%
Sale Conversion
Ratio91.5% 100%
Negotiation Expertise
•Call Agent and thank them for their hard work
•I want to enroll the agent•Make it a win-win, not a confrontational experience
Negotiation Expertise
•At this point, I show you, the Seller, a snapshot of the market…houses sold and
houses currently in competition with you.
Negotiation Expertise
•Together we determine a counter offer that proves
your house is the best house at that price in the
entire area
Negotiation Expertise
• Attach Comparables to Counter Offer
•I will put cover letter on the counter offer covering a few items:
Negotiation Expertise
Items in Cover Letter with Counter Offer1. Thank the buyers for their offer.2. Let buyers know their agent is working
hard for them and has earned my respect.
Negotiation Expertise
Items in Cover Letter with Counter Offer
3. Letting them know that our counter offer, based on the evidence attached, makes the property the best house on the market for this price.
Negotiation Expertise
Items in Cover Letter with Counter Offer4. Letting them know that the sellers
are very thankful for the offer and want to insure that all parties are pleased with the contract and want to create a win-win.
Negotiation Expertise
Did the other agents you may have interviewed
demonstrate their skill and understanding in this
area?
Negotiation Expertise
Would you agree the ability to negotiate
could get you 2 or 3 % more for your home.
Smooth TransactionContract Acceptance
thru Closing1. Negotiate the sale
2. Be certain Buyer is qualified – require a “Pre- Approval Letter” not a “Pre-Qualified Letter”.
Smooth TransactionContract Acceptance
thru Closing1. Negotiate the sale
2. Be certain Buyer is qualified – require a “Pre- Approval Letter” not a “Pre-Qualified Letter”.
3. Counsel with Buyer’s Mortgage Loan Officer.
Smooth TransactionContract Acceptance
thru Closing1. Negotiate the sale
2. Be certain Buyer is qualified – require a “Pre- Approval Letter” not a “Pre-Qualified Letter”.
3. Counsel with Buyer’s Mortgage Loan Officer.
4. Set up Inspection time –Review with Buyer’s Agent that the inspection is to determine “Material Defects” not cosmetic items.
Smooth TransactionContract Acceptance
thru Closing5. Review Inspection Report and make
recommendations as to which repairs, if any, you the seller, should do.
Smooth TransactionContract Acceptance
thru Closing5. Review Inspection Report and make
recommendations as to which repairs, if any, you the seller, should do.
6. Arrange for contractor, at seller’s request, to bid and make repairs as per agreed items from the Inspection Report.
Smooth TransactionContract Acceptance
thru Closing7. Arrange for termite/wood destroying insect
inspection.
Smooth TransactionContract Acceptance
thru Closing7. Arrange for termite/wood destroying insect
inspection.
8. Review termite/wood destroying insect inspection report and report to seller.
Smooth TransactionContract Acceptance
thru Closing7. Arrange for termite/wood destroying insect
inspection.
8. Review termite/wood destroying insect inspection report and report to seller.
9. Set appointment for appraisal of property
Smooth TransactionContract Acceptance
thru Closing10. If property does not appraise, provide Appraiser
with comparables and work to get appraisal value to equal purchase price.
Smooth TransactionContract Acceptance
thru Closing10. If property does not appraise, provide Appraiser
with comparables and work to get appraisal value to equal purchase price.
11.Review Title Insurance Commitment and assist Title Company in removing any potential problems with the Seller providing clear title to the property at closing.
Smooth TransactionContract Acceptance
thru Closing12. Review closing figures and inform sellers of any
irregularity in charges.
Smooth TransactionContract Acceptance
thru Closing12. Review closing figures and inform sellers of any
irregularity in charges.
13. Follow through to be certain Closing is accomplished in a timely manner.
Competitive•What we want to do is price it within the competition.
•We want to look at homes similar in size and area and make certain we price it in that range.
Market Conditions# Residential Listings Closed - Sales Made
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12000
# Residential ListingsClosed - Sales Made
# of Sales since 2000 are up 41%
Market Conditions
# of Listings since 2000 are up 116%
Active # Residential Listings
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Active # ResidentialListings
Activity During First 3 Weeks of the Listing
This is because the showings include those buyers already in the market
Elements of the Market Analysis
•Expireds………Market Rejects
•Solds……………Past History
•For Sale Now….Competition