real estate secrets

1
Kevin Flaherty, a local sales representa- tive with iPro Realty Ltd. Brokerage, has been awarded the 2010 Overall Top Sales award. Surprisingly, Mr. Flaherty says the reason for winning the award is more important than the award itself. According to the National Association of Realtors (NAR), 96% of buyers will first be introduced to your home online, where they will short-list it based on the quality of information and images provided. “Essentially what (buyers) are doing, is finding their next home online,” said Mr. Flaherty. “Your home is tried and convicted online; that is the secret that realtors don’t want you to know.” He believes that nine out of 10 people who search online use the short-list process. Buyers type in specifics like a price range, spe- cific features of a home and scan through the search results, skipping over results with little or no pictures and poor representation of the home. “The thing the public generally misconceives about realtors is realtors are independent con- tractors. The service that they provide is not unique to the real estate brokerage they are with, it is unique to the indi- vidual realtor,” he said. “What a realtor does is up to them individually, which means you could interview 10 realtors from the same company and get 10 different answers on what they are going to do to mar- ket your home.” He says the most common reaction from sellers to his system is surprise. “There was a case last year in Alton where somebody was trying to sell their home for over two years, and they couldn’t sell it. I sold it in seven days. Those stories go on and on,” he said. “They didn’t start doing their home- work until it became critical for them, because of the belief that all realtors are the same.” They aren’t aware of the amount of work get- ting done in the back ground because of their information on what standard real estate services are. “If you look at the industry standard in real estate today, you don’t have to look very far to see exactly what I’m talking about. All you have to do is look through some pictures on any listing,” he said. “If people’s homes, our largest investment, are being short-listed online, the online repre- sentation is critical and essentially providing these services is what put me in the number one place.” Mr. Flaherty provides custom Web pages, a detailed narrated tour of the home and property, professional photogra- phy, floor plans and top quality feature sheets. “This custom web- page ties directly into the Multiple Listing Service (MLS) system so with one click, cus- tomers can be on a homes custom webpage that contains all this high end information,” said Mr. Flaherty. “The online representation of your house is absolutely critical. It’s not a nice feature, it’s not a cool benefit. It is the begin- ning and the end, it’s incredibly important.” Once the online rep- resentation is complete your homes personal website is then syndi- cated to many other places above and beyond the MLS site. “When we take a good representation and syndicate it to all these places online, the power of that marketing, and quality, definitely with- out a doubt becomes extremely powerful.” According to Mr. Flaherty the cost to pro- duce this selling feature for each home is over $3000, these features are provided to sellers at no extra cost to them- selves. “Generally speaking, my fees aren’t any high- er than any other real- tor’s fees,” he said. “There’s many services not done because of their expense, their time, the knowledge it creates and the knowl- edge you have to have to provide them.” This system has been evolving since the mid- 1990s. He says he was one of the first realtors in Canada to be as pre- dominant online in the mid 90’s. “It didn’t do a lot for me then but since that time,” he said. “So we would slowly start increasing the quality, and we will continue to upgrade the system so that it stays cutting edge marketing.” Mr. Flaherty has been in the real estate busi- ness for 23 years and he commented that the industry itself hasn’t evolved or changed since the ’90s. “When I started in real estate I was using a Polaroid camera,” he said. “You can’t find this package anywhere, I keep looking, I keep inviting buyers to find tour or aspects of serv- ice that are better quali- ty and they can’t.” Mr. Flaherty stated that another benefit of the detailed video tour is the reduction of unnecessary traffic through your home. “If you saw a tour of this detail, do you think you would need to go see the home if you weren’t interested?” he said. “Bottom line, it’s a lot of hard work. At the end of the day people will get significantly more money for their house when using this kind of marketing.” He stated that provid- ing this type of service with no extra cost to sellers is due to the increase in business it has brought him. “If I was trying to provide this service and wasn’t doing a lot of volume, it would be very difficult because it does take a large chunk out of the profit mar- gin,” he said. This system has become so popular that in order to keep up with the business Mr. Flaherty has had to hire two sales representa- tives and a full-time administrator. “There was a house for sale in Orangeville for $380,000 for six months, and he called me and he was saying that it didn’t make sense for him that the realtor was telling him to reduce his price. I sold the house in three days – firm, not even condi- tional, for $430,000,” he said. “That’s how powerful proper mar- keting is.” Orangeville Citizen/Free Press and Economist March 31, 2011 A3 Nov. 28 Decorating to Renovating Home Owners helping homeowners 725 Steeles Street, Shelburne 519.925.3991 www.fineshh.com 1.800-267.4637 HOME HARDWARE Mon-Wed 7 am to 6 pm Thurs & Fri 7 am to 9 pm Saturday 8 am to 6 pm Sunday 9 am to 5 pm Get your HOMECARD TODAY! With your Homecard either pay by installment or differ payments for one year O.A.C. Ask in-store for details. FINES ANNUAL SPRING BOOKING All windows & doors must have a 20% deposit & be delivered by May 31, 2011. Discount applies to Manufacturers Suggested List Price Check Out Moisture Shield Composite Decking Moisture Shield Clearance Check It Out at The Home Show CHECK OUT OUR RAIL SYSTEMS BOOK YOUR PRESSURE TREAT, CEDAR OR MOISTURE SHIELD BEFORE APRIL 10th and Receive The Special Pricing Listed But Also Receive A Home Show Special Discount Coupon To Be Used Against Your Fence, Or Your Special Outdoor Project Available At FINES HOME HARDWARE Only! SALE We guarantee all our workmanship and use ONLY local contractors! CALL FOR PRICING AND HAVE YOUR WINDOWS AND DOORS INSTALLED! All windows & doors must have a 20% deposit and delivered by May 31, 2011. if booked by April 3, 2011 Normal discount is 43.5% Save an extra 6% FULL SELECTION OF WINDOWS & DOORS Aluminum and vinyl clad or solid vinyl windows. Many colours available. Casement, double hung, single hung awnings & sliders. Installation is available on all windows & doors DF Collection Save an extra 8% if booked by April 3, 2011 Normal discount is 35% FULL SELECTION OF DOORS, PATIO DOORS, GARDEN DOORS From natural wood to vinyl clad. Available in many colours. Cedar is not available in all the lengths. Please call to verify lengths available. PRESSURE TREATED CEDAR 1” x 6” x 5’ $2.09 each 1” x 6” x 6’ $2.49 each 2” x 4” x 8’ $3.79 each $6.59 each 2” x 4” x 10’ - 16’ 47¢ per foot 81¢ per foot 2” x 6” x 8’ - 16’ 75¢ per foot $1.50 per foot 2” x 8” x 8’ - 16’ 99¢ per foot $2.14 per foot 2” x 10” x 8’ - 16’ $1.45 per foot $2.79 per foot 4” x 4” x 8’ - 16’ $1.09 per foot $2.39 per foot 6” x 6” x 8’ - 16’ $2.55 per foot $6.29 per foot 5/4” x 6” x 8’ - 16’ 69¢ per foot 99¢ per foot DO NOT PAY FOR 6 MONTHS BOOK NOW FOR SPRING BOOKINGS DISCOUNTS ON MDL & JELD WEN See Dealer for Details 519-941-8429 519-941-8429 www.hydewhipp.com MOST EFFICIENT 2 Stage Furnace TANKLESS WATER HEATERS 5-BURNER GRILL Larger cooking area – 651 sq. in. of primary cooking area and 286 sq. in. of secondary cooking space! 15,000 BTU Side Burner with Single Source Electronic Ignition 20,000 BTU Infra-Red Rotisserie Burner and Heavy Duty Rotisserie Kit Innovative LED Flex Light allows you to see across the entire grilling surface in low or no light situations. 15 Year Parts/Labour Warranty Available UNLIMITED HOT WATER 98% EFFICIENCY NOW IS THE BEST TIME TO BUY AN AIR CONDITIONER NOW IS THE BEST TIME TO BUY AN AIR CONDITIONER Serving Orangeville & Area for Over 25 Years HEATING & AIR CONDITIONERS COME SEE US AT OUR HOME SHOW BOOTH FOR SPECIALS AIR CONDITIONERS INSTALLED from $ 1799.99 RE/MAX Real Estate Centre Inc. Brokerage 115 First Street, Orangeville Each office independently owned & operated Doug Schild, Broker Chris Schild, Sales Representative Laura Leach, Sales Representative Your online source www.therealestatemarket.com Office: 519-942-8700 1-800-461-2686 Email: [email protected] Spring into your new home! Town & Country REALTORS SINCE 1992 1-800-367-5904 Tel: 519-941-1980 Fax 519-941-9462 JOHN BUS Garage Ltd. Sales and Service LAWN AND GARDEN EQUIPMENT • WHITE • CUB CADET • Approx. 2 1 /2 miles W. of Orangeville on County Road 11 at #9 Highway REPAIRS TO ALL MAKES – GAS or DIESEL Trucks - Cars - Tractors - Imports SEE US AT THE HOME & GARDEN SHOW BOOTH WB12 Local award winner tells the real estate secret By LINDSEY P APP Staff Reporter Photo/LINDSEY PAPP TOP SALES AWARD: Kevin Flaherty (right) receives the iPro top sales award from Alves Rui, owner/broker of iPro Realty Ltd. Brokerage. Most returns prepared while you wait! ASSOCIATE TAX CONSULTANTS 519-942-1200 Open year round 287 Broadway Orangeville

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While writing this article I was initially surprised by how little work real estate agents put into selling your house compared to what Kevin Flaherty does. I had to make sure it didn't sound like I was selling Mr. Flaherty's services, but it was difficult because I was so impressed by his marketing and services provided. This was another example of how much I can learn about something by writing an article on it.

TRANSCRIPT

Page 1: Real estate secrets

Kevin Flaherty, alocal sales representa-tive with iPro RealtyLtd. Brokerage, hasbeen awarded the 2010Overall Top Salesaward.

Surprisingly, Mr.Flaherty says the reasonfor winning the awardis more important thanthe award itself.

According to theNational Association ofRealtors (NAR), 96%of buyers will first beintroduced to yourhome online, wherethey will short-list itbased on the quality ofinformation and imagesprovided.

“Essentially what(buyers) are doing, isfinding their next homeonline,” said Mr.Flaherty. “Your home istried and convictedonline; that is the secretthat realtors don’t wantyou to know.”

He believes that nineout of 10 people whosearch online use theshort-list process.Buyers type in specificslike a price range, spe-cific features of a homeand scan through thesearch results, skippingover results with littleor no pictures and poorrepresentation of thehome.

“The thing the publicgenerally misconceivesabout realtors is realtorsare independent con-tractors. The servicethat they provide is notunique to the real estatebrokerage they are with,it is unique to the indi-vidual realtor,” he said.“What a realtor does isup to them individually,which means you couldinterview 10 realtorsfrom the same companyand get 10 different

answers on what theyare going to do to mar-ket your home.”

He says the mostcommon reaction fromsellers to his system issurprise.

“There was a caselast year in Alton wheresomebody was trying tosell their home for overtwo years, and theycouldn’t sell it. I sold itin seven days. Thosestories go on and on,”he said. “They didn’tstart doing their home-work until it becamecritical for them,because of the beliefthat all realtors are thesame.”

They aren’t aware ofthe amount of work get-ting done in the background because of theirinformation on whatstandard real estateservices are.

“If you look at theindustry standard in realestate today, you don’thave to look very far tosee exactly what I’mtalking about. All youhave to do is lookthrough some pictureson any listing,” he said.“If people’s homes, ourlargest investment, arebeing short-listedonline, the online repre-sentation is critical andessentially providingthese services is whatput me in the numberone place.”

Mr. Flaherty providescustom Web pages, adetailed narrated tour ofthe home and property,professional photogra-phy, floor plans and topquality feature sheets.

“This custom web-page ties directly intothe Multiple ListingService (MLS) systemso with one click, cus-tomers can be on ahomes custom webpagethat contains all thishigh end information,”

said Mr. Flaherty. “Theonline representation ofyour house is absolutelycritical. It’s not a nicefeature, it’s not a coolbenefit. It is the begin-ning and the end, it’sincredibly important.”

Once the online rep-resentation is completeyour homes personalwebsite is then syndi-cated to many otherplaces above andbeyond the MLS site.

“When we take agood representation andsyndicate it to all theseplaces online, the powerof that marketing, andquality, definitely with-out a doubt becomesextremely powerful.”

According to Mr.Flaherty the cost to pro-duce this selling featurefor each home is over$3000, these featuresare provided to sellersat no extra cost to them-selves.

“Generally speaking,my fees aren’t any high-er than any other real-tor’s fees,” he said.“There’s many servicesnot done because oftheir expense, theirtime, the knowledge itcreates and the knowl-edge you have to haveto provide them.”

This system has beenevolving since the mid-1990s. He says he wasone of the first realtorsin Canada to be as pre-dominant online in themid 90’s.

“It didn’t do a lot forme then but since thattime,” he said. “So wewould slowly startincreasing the quality,and we will continue toupgrade the system sothat it stays cutting edgemarketing.”

Mr. Flaherty has beenin the real estate busi-ness for 23 years and hecommented that theindustry itself hasn’t

evolved or changedsince the ’90s.

“When I started inreal estate I was using aPolaroid camera,” hesaid. “You can’t findthis package anywhere,I keep looking, I keepinviting buyers to findtour or aspects of serv-ice that are better quali-ty and they can’t.”

Mr. Flaherty statedthat another benefit ofthe detailed video touris the reduction ofunnecessary trafficthrough your home.

“If you saw a tour ofthis detail, do you thinkyou would need to gosee the home if youweren’t interested?” hesaid.

“Bottom line, it’s alot of hard work. At theend of the day peoplewill get significantlymore money for theirhouse when using thiskind of marketing.”

He stated that provid-ing this type of servicewith no extra cost tosellers is due to theincrease in business ithas brought him.

“If I was trying toprovide this service andwasn’t doing a lot ofvolume, it would bevery difficult because itdoes take a large chunkout of the profit mar-gin,” he said.

This system hasbecome so popular thatin order to keep up withthe business Mr.Flaherty has had to hiretwo sales representa-tives and a full-timeadministrator.

“There was a housefor sale in Orangevillefor $380,000 for sixmonths, and he calledme and he was sayingthat it didn’t make sensefor him that the realtorwas telling him toreduce his price. I soldthe house in three days– firm, not even condi-tional, for $430,000,”he said. “That’s howpowerful proper mar-keting is.”

Orangeville Citizen/Free Press and Economist March 31, 2011 A3

Nov. 28

Decorating to Renovating Home Owners helping homeowners

725 Steeles Street, Shelburne 519.925.3991 www.fineshh.com 1.800-267.4637

HOME HARDWARE

Mon-Wed 7 am to 6 pmThurs & Fri 7 am to 9 pm

Saturday 8 am to 6 pmSunday 9 am to 5 pm

Get your

HOMECARDTODAY!

With your Homecard either pay byinstallment

or differ payments for one year O.A.C.

Ask in-store for details.

FFIINNEESS AANNNNUUAALLSSPPRRIINNGG BBOOOOKKIINNGGAll windows & doors must have a 20% deposit & be delivered by May 31, 2011.

Discount applies to Manufacturers Suggested List Price

Check OutMoisture Shield

Composite Decking

Moisture ShieldClearanceCheck It Out

atThe Home Show

CHECK OUTOUR RAILSYSTEMS

BOOK YOUR PRESSURE TREAT, CEDAR OR MOISTURE SHIELD BEFORE APRIL 10thand Receive The Special Pricing Listed But Also Receive A Home Show Special Discount

Coupon To Be Used Against Your Fence, Or Your Special Outdoor ProjectAvailable At FINES HOME HARDWARE Only!

SSAALLEE

We guarantee all our workmanship and use ONLY local contractors!

CALL FOR PRICING AND HAVE YOUR WINDOWS AND DOORS INSTALLED!

All windows & doors must have a 20% deposit and delivered by May 31, 2011.

if booked by April 3, 2011Normal discount is 43.5%

Save an extra6%FULL SELECTION OF WINDOWS & DOORS

Aluminum and vinyl clad or solid vinyl windows. Many colours available. Casement, double hung, single hung

awnings & sliders.

Installation is available on all windows & doors

DF Collection

Save an extra

8%if booked by April 3, 2011Normal discount is 35%

FULLSELECTIONOF DOORS,

PATIODOORS,GARDENDOORS

From natural wood to vinyl clad.Available in many colours.

Cedar is not available in all the lengths. Please call to verify lengths available.

PRESSURE TREATED CEDAR

1” x 6” x 5’ $2.09 each

1” x 6” x 6’ $2.49 each

2” x 4” x 8’ $3.79 each $6.59 each

2” x 4” x 10’ - 16’ 47¢ per foot 81¢ per foot

2” x 6” x 8’ - 16’ 75¢ per foot $1.50 per foot

2” x 8” x 8’ - 16’ 99¢ per foot $2.14 per foot

2” x 10” x 8’ - 16’ $1.45 per foot $2.79 per foot

4” x 4” x 8’ - 16’ $1.09 per foot $2.39 per foot

6” x 6” x 8’ - 16’ $2.55 per foot $6.29 per foot

5/4” x 6” x 8’ - 16’ 69¢ per foot 99¢ per foot

DO NOT PAY FOR

6 MONTHS

BOOK NOW FOR SPRING BOOKINGS DISCOUNTS ON MDL & JELDWEN

See Dealer for Details

519-941-8429519-941-8429www.hydewhipp.com

MOST EFFICIENT2 Stage Furnace

TANKLESS WATER HEATERS

5-BURNER GRILL• Larger cooking area – 651 sq. in. of primary cooking

area and 286 sq. in. of secondary cooking space!• 15,000 BTU Side Burner with Single Source

Electronic Ignition• 20,000 BTU Infra-Red Rotisserie Burner and Heavy

Duty Rotisserie Kit• Innovative LED Flex Light allows you to see across

the entire grilling surface in low or no light situations.

15 Year Parts/Labour Warranty Available

UNLIMITEDHOT

WATER

98%EFFICIENCY

NOW IS THE BEST TIMETO BUY AN

AIR CONDITIONER

NOW IS THE BEST TIMETO BUY AN

AIR CONDITIONER

Serving Orangeville & Area for Over 25 Years

HEATING & AIR CONDITIONERS

COME SEE US AT OUR HOME SHOW BOOTHFOR SPECIALS

AIR CONDITIONERSINSTALLED

from$1799.99

RE/MAX Real Estate Centre Inc. Brokerage115 First Street, OrangevilleEach office independently owned & operated

Doug Schild, Broker

Chris Schild, Sales Representative

Laura Leach, Sales Representative

Your online source

www.therealestatemarket.comOffice: 519-942-8700 1-800-461-2686Email: [email protected]

Spring intoyour new

home!Town & CountryR E A L T O R S

SINCE 1992

1-800-367-5904 Tel: 519-941-1980 Fax 519-941-9462

JOHN BUS Garage Ltd.Sales and Service

LAWN AND GARDEN EQUIPMENT• WHITE • CUB CADET •

Approx. 21/2 miles W. of Orangeville on County Road 11 at #9 Highway

REPAIRS TO ALL MAKES – GAS or DIESELTrucks - Cars - Tractors - Imports

SEE US AT THE HOME & GARDEN SHOW BOOTH WB12

Local award winner tells the real estate secret

By LINDSEY PAPP

Staff Reporter

Photo/LINDSEY PAPPTOP SALES AWARD: Kevin Flaherty (right) receives the iPro top salesaward from Alves Rui, owner/broker of iPro Realty Ltd. Brokerage.

Most returnsprepared while

you wait!

ASSOCIATE TAXCONSULTANTS

519-942-1200

Open year round287 BroadwayOrangeville