Home Selling in La Grange>Question Details

Beverly Scit…, Home Seller in La Grange, IL

My broker refuses to advertise in newspaper as home is on intranet. Is this what realtors do now?

Asked by Beverly Scittine, La Grange, IL Fri Feb 13, 2009

I am trying to sell a townhome. Broker had Open House -- no advertising, just put signs out. Several other realtors have indicated to me that the price on home is right and it is in good condition.

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22
With all due respect ...

The buyers who are not on the Internet may be the best prospects for your home, depending on its location and appeal. There's no good reason to fail to expose your proeprty to any group of buyers.

There's nothing wrong with reaching your buyers through more than one medium.
Web Reference: http://yochicago.com
2 votes Thank Flag Link Fri Jul 3, 2009
Beverly,

My firm handles newspaper advertising for a number of large local brokers and major brokers from coast to coast. We also provide ad order entry systems to newspapers throughout the country, including the Tribune Company papers. Advertising practices vary significantly throughout the country and you should focus on the answers from local brokers.

We've seen a significant decline in the use of print advertising over the past several years. Some of that is due to the perceived ineffectiveness of print, some to the economic state of the real estate industry itself, i.e. broker profitability being squeezed by declining sales.

Most of the comments here didn't focus on one important aspect of your question, the fact that you were running an open house. Setting aside the more general question of whether it makes sense to advertise in newspapers, I believe open houses should be promoted as widely as possible, including print ads.

Not everyone agrees with that position, since open houses are not an effective way to market in some locales. That said, you should note that all the talk about the importance of Internet marketing – and it is important – ignores the fact that info about open houses is missing from most Internet sites. You'll still find more open houses advertised in print than on the Web. The result: many buyers still look to print for open house info.

Photos have become an extremely important part of Internet advertising. Many buyers simply skip over homes with only a single photo or poor-quality photos. Check how your property presents in this regard.

Also check all of the factual information about your property on the Internet. After more than 20 years in the real estate ad business I continue to be shocked at the number of simple factual errors that keep listings from selling. Is your address spelled correctly? If there's a street directional indicator (i.e. N/S/E/W), is it accurate? Are the city and ZIP code correct? Are the bedroom, bath, room size, parking and other dimensions accurate? Have important details been omitted?

I know this all sounds very basic but many Realtors badly blow the basics and that can result in poor traffic and a long sales cycle.
Web Reference: http://yochicago.com
2 votes Thank Flag Link Sat Feb 14, 2009
Hi Beverly,

I know it must be frustrating to deal with the sudden shift in most brokerage communities with regards to print (newspaper) advertising. If you've been at your place for a while, you may have found it in the paper!

My firm still does newspaper advertising (Sudler Sotheby's), although I am personally finding that I am getting very little in the way of traffic from it (and we run a very nice, large ad).

Most of my traffic comes from sites like these (Trulia, Tribune.com, Zillow, etc.). Just as you have posted your question here, so does the average consumer search the same sites for open houses, listings, etc.

I have found that some of my sellers want all bases covered. The want all the media I can get them. This definitely factors into the cost of the listing. If I am expected to advertise in newspapers, I will likely charge commission, plus a fee for the ad. I spend more money now on internet, interactive and multimedia advertising and less on print. If I need to add print for a client, the cost start to spiral into the red.

If your broker hires quality photography professionals, does internet marketing, is engaging the brokerage community, putting the time into the open house, and getting out signage, I say you have a good egg.

By the way, for years we have had a "how did you hear about us" survey on our open house sign-in sheets. The #1 selected item, by a heavy margin is Signage. #2 is the Internet or Website.

Best of Luck
1 vote Thank Flag Link Sat Feb 14, 2009
Well.....I do not want to say anything negative regarding the thought process of your agent. However, I would like to say that I must agree that so many buyers/sellers are using the internet. I have noticed over time, that less ads are being placed in many newspapers. I do believe that all options of advertising should be considered. Print ads are very expensive and in my opinion, honestly, most of the time money wasted in my experience. I do try other forms of advertising, mostly on the internet. It really brings the most traffic to your listing. Express your concerns to your agent.
0 votes Thank Flag Link Tue Jul 27, 2010
What does your Realtor mean by on the "Internet"? What specific sites? Has he/she given you traffic reports? Have you seen how your property is presented? Unfortunately, there are some in the real estate business who take a listing and "sit" it, waiting for the MLS to do their work. Most Sellers like to see their property in the newspapers. However in the last few years print ads DO NOT generate as much interest as being on line. Print ads are costly, and the return is questionable and hard to track.
A diversified marketing plan is best, including direct mail, internet, newspapers.... however, at the end of the day, it is the pricing and the presentation (clean, clear of clutter, well staged) of your home that generates traffic.
Do you know your competition? How does your home stand in the pack? Most of all, once a contract comes in, that's when you find out if you have a good agent. A good agent will get the deal done, in a manner you have been prepared to expect, and no surprises.
I've been a Realtor in La Grange for 12 years, 30 years in marketing altogether. I can assure you this is a very sought after area, and even though market times are longer, property still sells. Residential Real Estate can be emotional, but if your property is not selling, you need to be clinical and see if some of the elements I mentioned are not in order. Talk to your Realtor, ask for traffic reports, to see your on line info, pics etc. If you don't get the information, neither will the Buyers.
Fran Griffin. Broker
708-205-7008
frangriffin@realtor.com
0 votes Thank Flag Link Wed Feb 17, 2010
Hi Beverly: I live in LaGrange, and am also a realtor in LaGrange. I do most of my marketing on the internet but also do print ads in the local newspaper and in the Tribune. Doing both is best for the most exposure.
0 votes Thank Flag Link Tue Jan 5, 2010
With all Due Respect:

It has been said several times on this thread, but bears repeating:

85% of Buyers are on the Internet.

Newspapers are being shuttered as I type.
Homes Magazines are history.
Post cards and Mailers go in the trash.


Today's Buyers are on Trulia, Zillow, Realtor.com, Cyberhomes, Yahoo Real Estate.


They are Texting and Tweeting and Facebooking.


They want Text Messaging on your yard sign, so that they can see the price and the pics while sitting in their car.

They want a YouTube URL to see a Video Shoot of your neighborhood and of your house.

*** If your Real Estate Agent is not providing those services, you should get a New Agent.

*** If your Real Estate Agent IS providing those services, and nobody is looking, then it is
either the Price is too high, or the house has no curb appeal, or it needs staging, or it is too hard
for Real Estate Agents to show.

Talk with your Agent and his or her Broker - express your concerns.
----------

Best wishes to you,
Fred
--------------
0 votes Thank Flag Link Fri Jul 3, 2009
Hello Beverly, I am a Broker/Owner in New York, and I also refuse to advertise in the newspaper. My experience has been that newspapers are worthless as advertising tools. My positive results are from the internet. The vast majority of buyer's search for a home on the internet. People want to see pictures, more the better. Just think of where you are asking this question, and where the answers are coming from. THE INTERNET!
Web Reference: http://www.clovelake.com
0 votes Thank Flag Link Fri Jul 3, 2009
Hi Beverly, You are right with your disappointment but you may be wrong with your solution. First, the real estate market for sellers is slow. It has been slowing down as prices have declined nationwide for the last couple of years (not just in La Grange). Additionally, prices may still be declining, perhaps nominally, but this challenges buyers to act less impulsively. Allow yourself some time and patience and if your property is truly priced right and it is in good condition (as you announced it is) then you will get your offers in the near future. Additionally, have a conversation with your real estate broker. Does the broker know how you feel? I believe the best results occur when a client and agent work together as a team. Good luck and remember... teamwork!! (smile)
0 votes Thank Flag Link Fri Jul 3, 2009
OpenHouses.com is a good source, probably the best local one on the Internet. The site is owned by TribuneInteractive, a division of the Chicago Tribune company, one of our clients.

Not everyone, however, is looking at that site. And, it doesn't take much effort to learn that not all open houses advertised in the Chicago Tribune are listed at the Tribune's own site, not to mention opens advertised in other papers.

Further, not all brokers are participating in the site, and most small builders don't (unless their home is listed with a participating broker), which further limits it.
Web Reference: http://yochicago.com
0 votes Thank Flag Link Sat Feb 14, 2009
Open houses, if you're doing them, should be advertised where everyone is looking.

and today, everyone is looking on openhouses.com (at least in Chicago). While the Chicago Tribune is still used, it is fading fast and being replaced by openhouses.com.
0 votes Thank Flag Link Sat Feb 14, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
Contact
Let me guess these "several other realtors" would love to have your listing; therefore, it is very easy for them to make you feel that the reason your home has not sold is because of your current agent.

I cannot tell you if your agent is doing a good job or a bad job but I can tell you that your home has not -not sold because you are not advertised in the newspaper. Print advertising is not the best source of advertising nor the best avenue to spend marketing dollars. Newspaper advertising has become so uneffective that the homefinder in our local big paper called the ajc newspaper is almost non-existent where it use to be a huge insert. Open houses sell very few houses for that matter.

If you have full exposure on the internet and signage then you are being marketed. If you are not getting activity you are overpriced. If you are getting activity but no offers you are overpriced but closer to the right price. Unless your agent just does not answer their phone buyers would be calling if they perceived a value so my guess is that something is a miss. Does your home show well on the internet?
Web Reference: http://www.HomesByLorie.com
0 votes Thank Flag Link Fri Feb 13, 2009
Hi Beverly,

The Internet is the place to be, even to advertise open houses. Print is becoming a thing of the past. Most brokers use print to impress potential sellers and gather listing.
Do yourself a favor and become familiar with all the R/E sites and make sure your broker has you on them all, the information is correct and that there are lots of pictures


All the best,
James Joseph

Feel free to go to my web site listed below for free advice on how to use the Internet to sell your property.
0 votes Thank Flag Link Fri Feb 13, 2009
It is true that the internet is the medium of choice for marketing real estate today. Newspapers are struggling with reduced readership and sales volume and some are even in jeapardy ot having to consolidate or discontue some services.

Instead of advertising individual properties which takes up a lot of ad space and can be very costly without being very effective, real estate companies are using print advertising to promote the company itself. They are also running print ads directing readers to view their web sites!

This is a major change for real estate marketing.

As a broker, we have felt for a while that we were running ads in the paper to satisfy our sellers, not to generate sales! However, print advertising does generate a number of seller leads, as sellers look in the paper to see what real estate companies are active in the area.

I myself have had the same discussion with sellers and I have declined print advertising. My office asks callers what generated the call...print ads, internet, neighborhood sign, etc...and the calls generated by print ads was less than 1%.

That's not cost effective.

So, although I feel for you, (and I would have done a ad for the open house) I think that the sellers are just going to have to adjust to the new marketing being done in the real estate industry today.

Hope that helps.
Candy
Web Reference: http://www.candybarnes.net
0 votes Thank Flag Link Fri Feb 13, 2009
This is a great point....

The sales and marketing initiatives in most companies are going through a major transition because of the advent of the internet. People are still viewing news print and magazines but the participation numbers a greatly decreased.

This is primarily because more than 80% of all home buyers beginning their home search on the internet. This is expected to continue to increast.

Smart business people are staying with news print advertising but doing so in much smaller amounts. Since so many people are spending time on the internet real estate professionals are exploring new ways to capture the interest of perspective real estate customers.

If an agent isn't placing traditional ads, it would be fair to ask what they are doing to promote their company and products.

Good luck
0 votes Thank Flag Link Fri Feb 13, 2009
Most brokers require you pay for newspaper advertising. Much of home searches are now completed via internet, vs. any other source of media.

Due to economy many families have reduce overhead cut back on newspaper daily purchases obtain their source of media via internet, TV, radio.

If you have concerns speak direct with them
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Feb 13, 2009
Beverly,

Print media is one of the most expensive and least effective forms of advertising today. The National Association of Realtors 2007 statistics show that 84% of home buyers began their search online, it is estimated that the 2008 statistics will show an increase to 90%. Because there are so many places to search for homes online, you want to make sure your agent has posted your listing on as many sources as possible. As others have said below, you definitely have the right to know where your townhome is being marketed and have a copy of the agents marketing plan.

Jason Ewing, GRI/CNS
Coldwell Banker Triad, Realtors
0 votes Thank Flag Link Fri Feb 13, 2009
Beverly
90$ of the time the person that buys the home will be represented by a Realtor.

type the address of your home in Google and see how many places in comes up.

Just for fun, type in the address here 730 West Doran, Glendale, CA 91203

See the difference. Internet marketing is not all the same. IF your Realtor is relying on Internet marketing, as them to explain exactly what you do.

The reason we market is to find buyers...although not necessarily for your home. If 90% of the time a Realtor brings the buyer, then you need to know three things:
The first two weeks on the market I expect either 10-12 showings or one offer.
Not enough showings, lower the price.
No offers, lower the price.

The best chance for you to get the best price is if it sells in the first 30 days. After than it will sell for less.
0 votes Thank Flag Link Fri Feb 13, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Hi Beverly!
Yes, advertising in papers, magazines are old school now. Everyone in on the web. The most savy buyers only check out the websites. There are sooo many websites to place your property on that are great exposure!! Ask your realtor which websites your property is featured, and how many hits does it get?? Also, your agent can also post open houses on which ever website!! Good Luck!!!
Take care!
DAwn
Dawn Shoults
Remax Southern
Destin, FL.
0 votes Thank Flag Link Fri Feb 13, 2009
Hello Beverly,

Every agency/agent has their own way of marketing a property. This should've been discussed with you at your listing appointment.
When I go on a listing appointment, I bring my marketing plan with me to show the seller. This way expectations are clear on both sides.
If you have a marketing plan with the agent, I would review it to see if he pays for newspaper advertising.
The internet is so powerful for buyers to search homes now, that having your home in the newspaper may not be necessary to get your home sold. If your home is in your local MLS, every agent that is a member knows your home is for sale and if they had a buyer interested in your home, they would be calling your agent to show your home.
I don't know your local market by any means, however pricing your home right, in any market, will get it sold and a newspaper ad would not be needed.

I wish you the best on getting your home sold. Communicate your thoughts/feelings with your agent, as this makes for a smooth relationship.
Best Regards,

Deja Lett, Associate Broker
Assist 2 Sell Home Team Advantage
207-282-0990 Ext. 403
Web Reference: http://www.hometeamadv.com
0 votes Thank Flag Link Fri Feb 13, 2009
I agree with Alan. Make sure you get a detailed marketing plan from your broker. And read over your contract. It might say that if you're not happy with the services being provided that you can cancel, and then you'll be able to list with a broker whose marketing you are comfortable with. Newspapers are becoming less common than Internet advertising, since this is where most buyers are looking now. But you might want to see if the brokerage as a whole does newspaper advertising.
0 votes Thank Flag Link Fri Feb 13, 2009
print media, is generally accepted to be an antiquated method of advertising today's homes.

But there should be more marketing being done, other than just plopping a sign in the front yard. Talk to your agent and find out exactly what additional marketing they're doing to sell your property. You have every right to know exactly what's being done, and where your home is being marketed.
0 votes Thank Flag Link Fri Feb 13, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
Contact
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