Have a Stale Listing? Revive It With These Steps!
Property Raptor
Helping real estate professionals save time and close more deals with an all-in-one CRM and property management solution
As a listing agent, one of the most frustrating feelings is when the listing you’ve worked so hard to put up generates less interest than expected.
But this doesn’t mean all your efforts have gone to waste. Sometimes, making a few small tweaks is all that’s needed to breathe new life into your stale listings and get them back on track. Here are some ways to do that.
Reassess pricing
One common reason the listing might still be sitting in the market is?because of its pricing. While you probably conducted a Competitive Market Analysis (CMA) to determine its initial price, this might not be the most optimal price now, given how fast the market moves. For example, there may have been a spike in inventory in the neighbourhood of similar properties, which can affect the value of your listing. ?
It is worth doing another CMA to see if the price needs adjustment. Another thing to consider is whether open houses held for the listing were well-attended. If they were, then high or unreasonable pricing might be the culprit for why prospects did not follow through.
Further, be mindful of seasonal pricing trends. If the listing was originally put up during peak season, it may require a price adjustment as demand naturally decreases.
Try professional staging and enhance curb appeal
According to NAR, 81% of buyers' agents said a staged home made it easier for a buyer to visualise the property as a future home. With that in mind, consider taking the listing off the market for a while and hiring a professional stager to make some adjustments to the property. Whether it's rearranging furniture or bringing in accessories to add a pop of colour – staging will ensure that the best parts of the home shine.
Aside from staging, you should also enhance curb appeal. This can include things like mowing the lawn, adding lighting fixtures, decorating the porch with flowerpots or upgrading the front door with a fresh layer of paint – anything that improves its exterior appearance.
Level-up the visuals
Take a look at the current selection of photos of the property and consider if anything is missing or could be changed.
Pictures should be professionally taken and should showcase the property from a variety of angles. Include neighbourhood pictures to better show the lifestyle aspects. Ideally, the pictures will also be in season – so for example, if you uploaded the original listing during summer but it is now autumn, then you should include updated pictures that show the outside of the property in autumn.
We also recommend adding twilight pictures if you haven’t already. The breathtaking colours during twilight create an exclusive feel, and the shadows can emphasise the architecture of the property in a flattering way.?
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Photo by Brian Babb on Unsplash
Refresh the listing description
Aside from enhancing the property's visual appeal and photos, it's important to review and potentially revise your original listing description. Here are some key things to ask:
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It's important to leverage feedback from previous showings at this point. For example, if someone mentioned being confused about a certain feature, you can use the new listing description to clarify this.
Change your marketing angle
If you've previously shared the listing through standard promotional social media or ads, it might be time to consider a different approach. Here are two effective strategies to try.
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Focus on the neighbourhood and lifestyle benefits
For instance, consider posting videos on social media to give a sense of what it's like to live in that area. You could talk about why it's an up-and-coming destination or why it’s somewhere people should consider purchasing a property. Highlight nearby landmarks, shops, entertainment options, and local businesses – and even collaborate with local businesses to share your content.
You can do something similar by creating blog articles or neighbourhood guides on your website. Include location-based keywords to increase your website’s SEO ranking, so those researching specific locations can find you easily. This article can also be recycled as fresh newsletter material or promoted via socials.
Adopt a more personalised approach
Instead of sending a generic email about the property to everyone in your network or promoting it widely on social media, focus on building connections with high-potential leads.
It can be hard to determine which contacts are “high potential”. That’s why Property Raptor CRM was built with two distinctive features, Prospect Match and Advanced Match to streamline this process. These features provide two-way matching capabilities that analyse the profiles and preferences of contacts across your entire CRM, ensuring precise, data-driven matches between clients and any listing.
The Prospect Match feature pinpoints leads whose search criteria perfectly align with the listing in question, whereas the Advanced Match conducts AI analysis to uncover high-potential matches, even if their criteria are slightly different.
This information eliminates the guesswork, allowing you to directly reach out to and focus more of your efforts on leads that are most likely to purchase the property. To help them further envision how the listing suits their needs, consider taking time to explain specific property features/benefits in greater detail, or arranging exclusive viewings or open houses.
Learn more here about how Property Raptor CRM can help you find the best clients for your specific listing.
It can be frustrating when a listing turns stale – but there is a lot that can be done to change the situation. By following the simple strategies we’ve outlined, whether it's reassessing pricing, enhancing curb appeal or taking your marketing approach in a different direction, you can better capture the property’s true potential and effectively communicate its value to buyers.
Want More?
Head over to our latest blog article , where we go into even more detail about how you can boost any listing.
Until Next Time...
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