Thursday, September 4, 2014

MARKETING YOUR HOME DURING A SUPER BOWL-BOUND SAINTS’ WINNING SEASON © 2014


by Wayne D. Lewis, Realtor

Guide to Holding Open Houses in New Orleans

during a super season of Saints Football –Who Dat!

 

In New Orleans, there is sports, and then, there are the Saints!  As quiet as it can be kept, because it can’t really be kept too quietly, Saint’s[1] 2014-2015 is about to kick into high gear.  And, being realistic, if your home is on the market, you will have to consider creative strategies to compete with the allure, the excitement and spectacle of a football team that is destined to reach its second Super Bowl Championship for the 2014-15 season.  Bias?  A little more than slightly.  But I also know that there are homes on the market that are, without a doubt, just as spectacular and offer a world of variety, historical value, comfort and location, if not savings and equity in the New Orleans area.  The question is, how does one market competitively, their home against the hometown team of the New Orleans Saints?  Especially, as this appears to be a season to top the 2008-09 season that produced the New Orleans Saints as the 2009 Super Bowl Champions.

To suggest that there is an absolute way to market during this exciting season, would be an error in judgment, even for the most experienced set of real estate professionals, or homeowners.  In order to market one’s home during what promises to be a very exciting Saints season, one must have a set of plays ready to deploy at strategic moments during the next 17 weeks.  Of course, any of these plays that we use to market our homes may have to evolve more as we become more aware of the fact that the football season is not wholly made up of just the Saints playing, but that the Saints are on a mission.  And, in marketing our homes, we too must be on a mission that either equals or excels the excitement of the New Orleans Saints and all that that means to New Orleans.

As the Saints season fires up due to the high probability of a great winning season, it is going to be very challenging to get even the most pressing buyer out to our homes that are on the market.  We have to step up our game when it comes to marketing our homes this season in preparation for the Saints to win this season’s Super Bowl.  Hold on, it’s about to get wild up in New Orleans, and we need to be in it to win it to sell even the most prepared home, regardless of “location, location, location”.  But, we have to start somewhere.  So, let’s get started.  

As the season kicks off, know that as homeowners, it is important to be aware that we have buyers who are very knowledgeable about the timing of buying and selling a home, particularly as the home buying season takes a turn for a slower period just after Labor Day.

There is also the possibility, that there is an outlier that, although not sports related, may also play a nation-wide role in why homes are more competitive to sell during football season: school is in.  Whether as parents of students, or students ourselves, home buyers who may potentially buy homes are also focused on some form of school, even if it is high school football.  To that end, the football season maybe a source of release from studying, or from helping the kids’ with their homework.  In New Orleans, it is very likely that if not our New Orleans Saints’ magnetic draw alone, there are other worthy distractions that homeowners have to design a play that causes even the most resourceful buyer to be drawn off-side, to take a look at their home on the market.  In New Orleans, it’s nothing personal, but Saints Football as a factor in selling a home is not being taught in Real Estate classes.  The only other greater distraction in the marketing of our homes in New Orleans is Mardi Gras!

Check Out the Saint’s Schedule (See link below):

A.       17 Week Challenge-If you check the schedule above, or pull out your own, there are approximately 8 home games between September 7, and December 28, 2014.  While that means that there are 8, possibly 9 other weeks (Bye-week) for homeowners to bring their A-game during the weeks that there are away games, don’t count your chickens just yet.

B.      The Bye-week-October 12, 2014 will be perhaps one of the best opportunities to make sure that a home on the market is ready to kick an onside kick.  That means don’t allow that week to get away so that buyers, who may possibly be somewhat down, depressed, or hungry for something to satisfy their hunger for awesome entertainment should have, at the very least, something compelling to grab their attention, even if for 10-15 minutes to view a house that is on the market.

C.      High Noon-11 of the 16 games for this season will be played between 12 and 1p.m.  While it is easy to conclude that these games usually last about 3 hours, one has to be aware that even if buyers aren’t going to go to a game, they are still going to be in game-mode in New Orleans.  One local radio station broadcasts anywhere from 3-4 hours before the game (whether in the Dome or not), and 3-4 hours after the game, plus broadcasts the game itself.  For those who want to hear how the players will be analyzed, dissected and praised, for the true die-hards of us that love the Saints, the challenge to hold an Open House has to include a radio or TV near-by that is tuned into some form of Saint’s oriented play-by-play during an Open House.  Why?  Because if anyone walks through that door, you need to be prepared to tell them the score from the time they walked from the car, around the corner, or if they flew in on a magic carpet.  It’s a challenge for a die-hard Saints fan to go to an Open House, so, at the very least, if you don’t know the score, have the game on.  Be ready for some extra company too.  Make it a festive atmosphere while you have visitors.

D.      Off-Sunday Games-An opportunity to hold an Open House also comes when, if we are lucky, the Saints play during the week.  For example, they play 2 Monday Night games (November 24 & December 15), the Ravens and the Bears, respectively. This leaves Sunday, November 23rd and December 14 wide open to do a Quarterback sneak.  The Saints also play a Thursday night game on October 30, 2014, where they play the Steelers.  So, that November 2, 2014 is an opening in the offensive line to rush the passer, so to speak, and get an Open House in that sacks a buyer with a ready to view, and contract-ready display.

E.      Risky Games to Hold an Open House Against (my opinion)- If it isn’t too late, please be ready for the Saints vs Atlanta (September 7) or, Atlanta vs the Saints (December 21).  Whether they play here in New Orleans, or in Atlanta, holding an Open House will make you the equivalent of the old “Maytag Repairman”.  Let’s be real.  Atlanta and New Orleans have one of the biggest, deepest, longest love-hate relationships of any team in the NFL.  Let’s keep it real.  If you don’t know this, you don’t know nothing about New Orleans Football, particularly, the New Orleans Saints and Atlanta.  We don’t discuss this in mixed company, but New Orleans fans refer to the Atlanta Falcons as the “Dirty Birds”.  (But you didn’t hear that from me).   During these two matchups, very little gets done in and around the city.  If anything, tail-gating takes on a greater level.  It’s not only hotdogs, burgers, wings, but also ribs, gumbo, dirty rice, jambalaya, and an assortment of beverages, which we won’t name here.  All of your work to try to get anyone to come and look at your home will be for naught.  You may as well bring your TV or radio, because you will be watching the game by yourself, and hardly anyone will venture to your property on the market.  But, nothing beats a failure but a try, as long as it includes something to eat, drink and, at the very least, something to listen to the game.  It is a risk to hold an Open House during these 2 games, but have something in your arsenal equivalent to a Hail Mary play that will get the most definitive Saints-Falcon fan to bring their happy little feet to anyone’s Open House.  Just saying.

Now, let’s get out our playbooks, and design a set of plays that could possibly bring potential buyers to our homes during another fantastic Saints’ season.[i]

Showings
                                                              i.      Sunday Open Houses still draw some interested buyers, some of whom may still be on the fence.  However, during football seasons, that Sunday Open House has to be strategic.  It has to be either on a By-week; a week where the Saints are playing a Monday-night game, a Thursday-night game, or a late Sunday-night game.  These are small windows of opportunities for your home to really “pop”.  Many other homes are on the market during these times, and your home has a very limited opportunity when the majority of those potentially serious home buyers will actually go out to see what’s on the market;

                                                            ii.      Saturday and Dusk Open Houses-These are the opportunities to step out of the box.  A Saturday Open House, during the football season, in New Orleans, is not without its’ drawbacks as well.  The number one football team in LA, LSU occupies 8-12 weeks of free time as well.  Knowing their schedule helps to produce a better turnout of potential buyers.

                                                          iii.      When They Come-When potential buyers come, what do you do?  It is not enough that they showed up, as the seller, you need to show up to, figuratively (you don’t need to be present during Open Houses).  As your Realtor will share with you, they can show your home, but it is important that you as the seller present a home that is ready to be sold.  Here are some additional tips:

1.      Smells-use odor neutralizing sprays or unscented candles;

2.      Make sure doorknobs and handles are tightly in place;

3.      Make up beds, clean out closets

4.      Even if in the process of moving, stack any boxes in the garage, or arrange to place in storage

5.      Make sure lighting is perfect-have all light bulbs replaced

6.      Correct any running toilets

The Competitive Edge-

During the football season, a home on the market is in good company.  Per the local MLS reading[3], there are over 1000 residential properties for sale right now, in the New Orleans area, going into the regular football season.  Some may have contracts pending that aren’t recorded, or other factors maybe in play.  But the number of homes that are actually on the market can’t be that far off from my review.  Your home, now more than ever, has to step up her game.  It’s time to huddle, throw away the Summer season of marketing your home where you may have had a high visitor-rate because school was closed, or families were vacationing in the New Orleans area. Get ready to pull out the winning plays that are going to help you market your home effectively.  Let’s see what we can suggest.

A.       Nighttime-  Believe it or not, buyers look at homes at night, as well.   They drive through the neighborhoods that have potential homes for sale.  A home with a For Sale sign in front of a well-lighted home gives potential buyers an extra sense of comfort.  In addition to the aesthetic view of the home, security is also important, as a well-lighted home conveys a sense of security.

B.      Day time-During the day, if your home has landscaping that has not been upgraded, this would be that time!  It’s not enough to have the grass cut, make it look manicured.  Make sure the roses are pruned, the hedges may need to have a little shape to them.  Additionally, if an old car hasn’t been re-moved from in front of the house in some time, have it towed off.  Also during the day time, although you may be at work, it would be a plus to make sure your home appears occupied-lived in and enjoyed.  Leave blinds open, hang some plants from the porch and water them.  The water on the porch will suggest that you take care of the home.

C.      Throw A Party!  Well, not really, but one of the things that I find particularly noteworthy is that sometimes neighbors have a family member that they would love to move near them.  Get to know your neighbors (preferably before having to sell your home).  Invite them over for a private showing or little get together.  It’s possible that neighbor maybe reminded of a family member who may just love your home.  You may want to find out who your neighbor’s favorite team is (other than the Saints). Select a day when and where football won’t be a distraction (at least try).  Perhaps you can have a catered event and invite immediate neighbors, church members, or invite colleagues from work over to your home while it is on the market.  During this time, have information out on the home, including any financial assistance, your agent information, and perhaps a disclosure on your home.  If they have any questions, refer them to your agent.

D.     Bulletin Boards-While your agent is marketing in newspapers, on-line and the like, you as a homeowner have access to locations that your agent doesn’t have access to (your job, for example).  Unless disallowed, put flyers of your home on the bulletin board of the lunch rooms.  You can put tear off sheets on the flyer for potential buyers to call your agent.  Church is also a great place to put up a flyer with your agent’s contact information.
 
Conclusion
We have just shared a few suggestions as to how to take it to another level on marketing your home against an awesome team season of the New Orleans Saints.  Buyers are still on the prowl, but they will have to be distracted by a hard-count, that draws them off-side, if but for a commercial break, to see your home.    Noting most importantly, that it doesn’t really matter if you get a buyer into the home if it is a disappointment.  Make sure your home shines, like the Lombardi Trophy[4].  In addition to curb appeal, which is nothing to take for granted, the first 2-3 steps inside your home’s front entrance must be captivating, inspiring and motivating to a potential buyer, who has to feel like they are walking into an atmosphere worthy of taking time out from the half-time break of 15 minutes, so that even if they go back and watch the game, they are marking their scorecard with your home in mind.  Make this Saint season the right season to sell your home, so that you cannot only celebrate the sale of your home, but the Saints historic second winning of the Super Bowl.  Make Your Best Offer!  

Speaker:  If you are looking for a speaker to speak to your community group or school, please contact Wayne Lewis at waynelewissoldit@gmail.com

Disclaimer:  Not to be considered as legal advice.  Not intended to solicit the business or clients of another broker.  Information here is believed to be from reliable sources but not guaranteed. Information contained herein should  not be considered as an endorsement of any products or services.



[1] New Orleans Saints- http://www.neworleanssaints.com/ 
 (not an endorsement)       
[3] MLS-  http://nom.mlxchange.com/  (membership required)



[i] Consult with your respective New Orleans Realtor(s) before enacting or following these suggestions, as your situation(s) may vary.  Or, call your Realtor of choice for their suggestions on how best to market your home during the Saints 2014-15 super-winning season.

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Monday, December 3, 2012

Five Urgent Reasons to Conduct an Open House © 2012 by Wayne D. Lewis, Sr.


If you are interested in putting your home on the market, you maybe dreading the part where your home is opened to strangers to see it, inside and out, and cast possible dispersions on your wonderful home.  Necessitate it to say, that an Open House may be a dreaded aspect of selling your home, but there maybe several reasons why it maybe necessary. 

http://makeyourbestoffer.blogspot.com/2012/10/do-disaster-impacted-homes-recover_4.html.


It is possible that your home may not need to be on public display, but that depends on some of the very same factors as to why should.  Let’s look at 5 reasons why your home should be featured to potential buyers in order to sell, especially if there is an urgency on your part to sell.


  1. The market is slow-There are a number of times when the market is slow in general.  Holidays, unusual market trends (interest rates, mass layoffs, or environmental factors (winter freezes, floods, etc).  Suggestions: A. Allow listing to expire; B.  Relist when the market improves or, C.  Lower the price

 

  1. Your home’s price is higher than other homes in the area-While your agent may have given you an idea of how much your home could sell for, it’s possible that you may have opted for a higher amount, hoping to fall close to the suggested price.  By doing so, it’s possible that you have placed your home outside the scope of homes selling at the recommended price.  Even if your home is 3 to 5 % over that recommend amount, your home could sit on the market for awhile.  Suggestion: lower the price
http://www.heraldnet.com/article/20121202/NEWS02/712029898/1042
 

  1. Your home is a cookie cutter house-If your house in a subdivision where there are at least 4 or 5 homes that all have a cute little wrap-around porch, painted in a Fawn-like color and double-car garage with a barn door design, chances are, buyers aren’t going to be moved one house over the other.  Buyers can easily be  convinced that each house that is similar in design has a similar floor plan.  Other factors that may count against you in such a subdivision if your home isn’t near the front entrance .  If  buyers see the 1st house, they are practically convinced that the homes are very much alike.  Suggestions: Your home doesn’t have to be the highest price, work to make sure your home is closely priced if not lower than the other homes in your subdivision.

 

  1. You want to sell your home quickly-For whatever reason that you may have an urgency to sell your home, an Open House is a must.  But your home cannot be priced above market value.  An Open House is an important part of your master plan to make sure that the price you set is practically too good to be true.  Suggestion: Just to be fair to potential buyers, allow them to see literally what is the bargan that is your home.
http://www.huffingtonpost.com/2012/12/02/grover-norquist-tea-party_n_2228610.html?ncid=edlinkusaolp00000009
 

  1. There are a number of other homes on the market in your area.  Even if there are other homes on the market that do not exactly look like yours, or that aren’t even near your home, there is still an issue that must be addressed:  Price.  Location not withstanding, pricing your home below market is a sound indicator of your need to sell.  I often say, don’t give it away, but in order for your home to be in the running, it should be priced to sell.  With that said, make sure that anything in your home that you believe would make the house too easy to sell, such as chandeliers, expensive appliances, or freshly painted rooms, should not be  used to entice potential buyers only to take them off of the table.  Suggestion: Remove any items that may complicate the negotiations, or, do not perform any major repairs, unless contractually agreed upon.
An urgent sale could be the result of a job transfer, or a change in the family structure.  It could be for any number of reasons, short of a major disaster, in which case, you can read my blog Do Disaster Impacted Homes Recover their Value-

Any urgency in the sale of a home requires doing all things necessary to make that sale necessary.  Do not under estimate the need to conduct an Open House.  That urgency should still reflect a home worthy of the price, in an area worthy of living, and worthy of the buyers investing their hard earned money.  Prepare your home for the next Open House and best wishes.

 

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