Last week we went over unethical negotiation tactics and how to recognize when they are being used against you.
Now, let’s talk about Luxury Unique Selling Propositions (USPs) and appraising them.
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How to Quantify Your USPs
USPs will provide you with more leverage in your negotiations. To give you an idea of what a USP could be, let me talk about the ones that I use on a daily basis.
Market Preparation Guide.
We’ve previously spoken about a market preparation checklist. It adds two to four additional points of value to every home I list and sell. That by itself should overcome any commission objection.
Photography is a Unique Selling Proposition.
We have incredible photographers. They know what every single one of the buttons and dials does on a camera. However, they don’t know how to stage a picture as well as I do. I know what captures a buyer’s attention when they walk into a house. I know what makes a buyer’s eyes light up when they’re scrolling through hundreds of listings online, and I know how to make your cover shot pop.
Copywriting as a Unique Selling Proposition.
Look at some of the listings in MLS. Look at the poor English that’s being used there. They’re putting numbers in sentences and they’re using abbreviations.
What is the point of having a phenomenal cover shot that captures the property in one and a half seconds online and then drawing them into the listing with poor grammar and poorly punctuated copywriting? I think that engaging people at this point in the process is worth one or two more points in the sales price.
Being Present at Showings.
“Mr. & Mrs. Seller, think about the last time you looked at a property when you were out with your buyer agent. You walked into a $3,000,000 house and the listing agent wasn’t there. What is the subtle message there? That this is not one of your most important listings.”
I am present for all showings whenever and wherever possible. Am I there 24/7? Absolutely not. Do I sometimes have to have one of my team members cover me? Absolutely. But I make every effort to be present for 90 percent of my showings.
My Negotiation Skills as a Unique Selling Propositions.
Why not talk about negotiation? You just finished a five-part series on it. You know, I really think that my negotiation skills are worth another additional two to four points of the sales price.
Don’t forget in a negotiation, whoever cares less, wins. Be willing to walk away if it’s not the deal you want.
Comment which Luxury Unique Selling Propositions you use when discussing commission.
Until next time, make it a great week.