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When people start running out of patience with a sluggish market, they get creative. When they get desperate, they sometimes get downright radical.

That’s not altogether a bad thing.

One recent news story describes a woman who baked cookies before a showing in hopes that the smell would entice shoppers to make an offer. When that didn’t work, she buried a statue of St. Joseph in her front yard, hoping for some supernatural help. Next, she turned to feng shui, the ancient Chinese art of arranging a home to promote a positive energy flow and harmony.

Not being a priest, Chinese philosopher or interior designer, I can’t really speak to the merits of any of those ideas. But I can – without hesitation – endorse the spirit of trying something different. Indeed, my business is based on the concept, as my firm’s sellers decide to use the auction method rather than an ordinary listing.

The possibilities are endless, and the more ideas you explore, the more likely you are to find one that will work for you. But even when you’re reaching for something totally novel, some basics apply. Even such an exotic approach as feng shui relies on fundamental principles. Furniture shouldn’t block pathways. The front main entrance should be attractive and inviting. Some wind chimes can help promote a soothing atmosphere.

For that matter, the aroma of baking cookies can’t hurt.

The important thing is to keep trying different things. Look for alternative advertising venues you haven’t tried. Offer an incentive nobody else is trying. I’ve even seen a seller rent some horses to promote a pastoral landscape in a rural meadow. As long as you follow the basics of making the property look good and marketing it effectively, the list of ideas is endless.

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Craig, Another creative strategy that this Seller might want to consider is Seller financing, where the Seller would carry back a note, and become the 'bank' for a Buyer who does not qualify for traditional bank financing. The Seller would structure the note in such a way to pay the Realtor and sell the new note at a discount in order to finance the purchase of the Seller's new home. Advantages --Seller would not have to lower asking price, --Opens the playing field for more Buyers to be considered, even those who are credit-challenged. Being creative is a must in the current real estate market and many are buying and selling with privately held notes. pat davis ROC Business Solutions, LLC www.cash4cashflows.com/rocbusinesssolutions,llc
Creativity is the old key to marketing that still opens doors. Many "seemingly" quaky ideas have moved homes. Look to the corporate relocation industry and the homes that end up in inventory for ideas as well....they drop prices, make repairs and innovate to move those homes. Rebecca D. Levinson- http://www.connect2agent.com
Yes, as the market changes, I’ve been working at reinventing myself. Granted, the industrial + office markets are still strong – and all competitively priced listings will sell. But earlier in the year I switched companies to a renowned international firm with an emphasis on residential…so I now have five blogs + websites I’m trying to leverage to increase my business. http://www.SantaMonicaLandmarks.com – the first site - was done because no one had done a landmark site for Santa Monica. I recently launched a complementary blog - http://www.santamonicapropertyblog.com – to try and generate real estate business. I am trying to figure out how to best leverage this site. http://www.SoCalInvestmentRealEstate.com - the second website – is all business. I am working to niche myself into preferred areas of investment real estate with http://www.socalindustrialrealestateblog.com http://www.socalofficerealestateblog.com Now I’m working on getting the sites to work together and to develop a following. The latest project - finding moderators. Any other suggestions anyone can offer would be greatly appreciated. Thank you, Jodi Summers http://www.SantaMonicaLandmarks.com http://www.SantaMonicaPropertyblog.com http://www.SoCalInvestmentRealEstate.com http://www.socalindustrialRealEstateblog.com http://www.socalOfficeRealEstateblog.com http://www.SoCalInvestmentRealEstate.com

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