{"id":10697,"date":"2018-04-10T11:50:43","date_gmt":"2018-04-10T01:50:43","guid":{"rendered":"https:\/\/reuncut.com.au\/?p=10697"},"modified":"2022-04-13T11:59:43","modified_gmt":"2022-04-13T01:59:43","slug":"is-it-a-listing-or-a-liability","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtyuncut\/is-it-a-listing-or-a-liability\/","title":{"rendered":"Is it a listing or a liability?"},"content":{"rendered":"<p>Don\u2019t kid yourself.&nbsp; Not every listing is GOLD!<\/p>\n<p>Very few listings come to the market as hot listings.&nbsp; It takes skill and time to bring a property to market that is attractive to buyers.<\/p>\n<p>Real buyers know value and if you suggest a new overpriced listing is \u2018hot\u2019 or \u2018won\u2019t last\u2019 or is \u2018fresh\u2019, or any other superlatives,&nbsp; you are kidding no one but yourself.<\/p>\n<p>That type of hopeful marketing is generally done by inexperienced agents and\/or an agent who is out to please the seller.&nbsp; Do that and you are doing no one a favour \u2013 especially yourself.<\/p>\n<p>All you are doing is putting a noose around your own neck.&nbsp; You are taking on a liability \u2013 UNLESS \u2013 you have a plan to turn it into a listing that will attract buyers.<\/p>\n<p>Here is a system that will help you grade your listings so that you can have a plan to set your properties on the path to a sale.&nbsp; Try grading every listing.&nbsp;&nbsp; Here is a system to do it.<\/p>\n<p>Grade every listing as A, B or C.&nbsp; You can do the + and \u2013 thing as well but do not overcomplicate it.&nbsp; Keep it simple and be grounded and honest in your assessment.&nbsp; You might even like to get someone whose opinion you respect to do it with you or for you.<\/p>\n<p>Here are some category descriptions that will help with the grading.&nbsp; Modify them to suit your area and your office but this is a good starting point.<\/p>\n<p><strong>A Grade<\/strong><\/p>\n<ul>\n<li>Auction<\/li>\n<li>Large signboard<\/li>\n<li>$5K + VPA (Paid)<\/li>\n<li>Asking within selling zone (10% of team estimate)<\/li>\n<li>In demand property<\/li>\n<li>Had at least 3 offers<\/li>\n<li>Will sell in under 30 days<\/li>\n<\/ul>\n<p><strong>B Grade<\/strong><\/p>\n<ul>\n<li>Exclusive<\/li>\n<li>Signboard<\/li>\n<li>Up to $5K in VPA (Paid)<\/li>\n<li>Asking just outside selling zone (between 10% and 15% of team estimate)<\/li>\n<li>Had at least one offer<\/li>\n<li>Will not sell in under 30 days<\/li>\n<\/ul>\n<p><strong>C Grade<\/strong><\/p>\n<ul>\n<li>Open with signed authority<\/li>\n<li>Sign but with other agents signs as well<\/li>\n<li>No VPA or unpaid VPA<\/li>\n<li>Asking in excess of 15% of team estimate<\/li>\n<li>No offers<\/li>\n<li>No indication of a sale<\/li>\n<\/ul>\n<p>You will soon work out how good you are at grading and you will toughen up on your assessments.&nbsp; Doing this will also help you plot your future sales and business planning.<\/p>\n<p>Good luck and let me know how you go!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don\u2019t kid yourself.&nbsp; Not every listing is GOLD! Very few listings come to the market as hot listings.&nbsp; It takes skill and time to bring a property to market that is attractive to buyers. Real buyers know value and if you suggest a new overpriced&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":14868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[141],"tags":[49],"class_list":["post-10697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","tag-blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is it a listing or a liability? - Realty UNCUT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtyuncut\/is-it-a-listing-or-a-liability\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is it a listing or a liability? - Realty UNCUT\" \/>\n<meta property=\"og:description\" content=\"Don\u2019t kid yourself.&nbsp; Not every listing is GOLD! Very few listings come to the market as hot listings.&nbsp; It takes skill and time to bring a property to market that is attractive to buyers. Real buyers know value and if you suggest a new overpriced...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtyuncut\/is-it-a-listing-or-a-liability\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty UNCUT\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/realtyuncut\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-10T01:50:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-13T01:59:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/channels.realty.com.au\/realtyuncut\/wp-content\/uploads\/sites\/3\/2018\/04\/FAQ-61.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Is it a listing or a liability?\",\"datePublished\":\"2018-04-10T01:50:43+00:00\",\"dateModified\":\"2022-04-13T01:59:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/\"},\"wordCount\":403,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2018\\\/04\\\/FAQ-61.jpg\",\"keywords\":[\"blogs\"],\"articleSection\":[\"Blogs\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtyuncut\\\/is-it-a-listing-or-a-liability\\\/\",\"name\":\"Is it a listing or a liability? 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