How to Handle Bidding Wars

How to Handle Bidding Wars

  • Jim Klinge
  • 03/3/21
 

How to Handle Bidding Wars

We see it more and more these days – listing agents who shut down showings of their listings. I’m sure most would say, “What do you want me to do? I had 20-30 appointment times available, and they all booked up!”
 
When faced with having to work harder, smarter, or less, agents always seem to pick less.
 
But they owe it to their sellers to find a way to show their home to every possible buyer.
 
They owe it to their fellow agents too, and their buyers.
 
Work Harder:
 
An agent over the weekend was bombarded with requests to show a newer one-story home on a half-acre lot. She TRIPLE-BOOKED the whole weekend, and designated four stations – two inside, and two outside. As visitors arrived, she explained the process, and deftly guided everyone from station to station to keep the parade moving – and it went very smoothly.
 
Work Smarter:
 
Can we please require agents to produce YouTube video tours?
 
If you don’t like the way you sound or you’re afraid you might say something stupid, then just don’t talk. The video is a boost to understanding the flow of the floor plan, and and a way to highlight the biggest benefits. It’s not that hard to do – you’re doing videos of your grandkids every weekend, surely you can walk around a house with a videocam and pretend you’re showing the house to a buyer – of which you have plenty of practice!  Then the buyers who got shut out from an in-person appointment can view the video and have a fighting chance to compete.
 
Selling homes by video should have been commonplace by now. Let’s do it!
 
Hear a bit from Jim below as he describes what we do for our sellers:



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