Serving Austin Texas & Surrounding Areas

CARS LITERALLY LINED UP AROUND THE BLOCK

"When we left this morning, there were already like eight cars lined up outside the house. It was crazy!”Text from Seller-Client on First Day of Showings
Hearing your phone chirp at you first thing on a Saturday morning isn't always the most welcomed reception. Then again, I don’t ordinarily receive text messages like the one directly above. I think you will agree, this is not your ordinary ‘home sale’ story.

That text was an update from our client Blake and her husband Rob, as they left their house, right before the first of two designated “Showing Blocks” we set up for the first weekend their house was on the market.

Almost 48 hours later, we were under contract, 5+ percent above our original asking price. And even that, was not the highest offer on the table.

How does something like this happen, you ask?  

We'll get to that in a moment but let me first take you back about 14 months.

When we originally met, Rob and Blake had recently relocated from the Seattle area for a job opportunity. Renters and brand new parents, at the time, they were looking to put some firm roots down in Austin. 

With that said, I’ve been helping home buyers for close to fifteen years and I can count on a few fingers the number of times someone has called me up out of the blue, introduced themselves and followed up with, “Oh by the way, we found a house that we want to buy … can you meet us out there.” 

Funny enough, the very first time I met Rob and Blake, we were standing in the interior of what would eventually become their new home.

Except for on that particular Sunday, I was forced to relay the unfortunate news that the listing agent had just returned my call to inform me the sellers accepted a contract, hours earlier. For a young couple, smitten with what they thought was their ‘dream house,’ that’s a fairly crushing blow to take. 

We agreed to momentarily pause the search. I was headed out of town the next day anyway.

As luck would have it, the last day of my vacation, the listing agent called to inform me that the original buyer got cold feet and the house was back up for grabs. Except there was already another interested buyer, working on an offer. 

Never fails. This type of thing always happens when I’m out of town. I asked the listing agent to buy us another day, as I was certain Rob & Blake would have substantial interest.

Never having purchased a property before, or even made an offer for that matter, they were willing to follow my lead. I advised them on the stakes, the options and the opportunities. Fortunately, their offer was selected, a mere $500 higher than the competing offers. In less than a month’s time, they were newly minted homeowners. Things came together nicely. The dream home was, in fact, theirs. 

So, you can imagine my surprise when Blake sent me an email just a little more than a year later that read something like . . .

"Hey, remember us, the one’s who just bought a house we love and put in new flooring and custom draperies . . . yeah, we are moving again. Rob’s company is relocating us to Atlanta. We need you to come out and discuss listing the house. We leave in a couple of months."

At first, I was a little concerned. Hot market or not, 14-months is not a lot of time to gain substantial equity in a home. Not to mention, less than a year and a half earlier, they’d purchased the home in a multiple offer situation, close to the height of the market. It was a 40-year-old mid-century modern that had been gutted and remodeled. 

Slick house, no doubt, but not a lot of room for a quick up-sell.

Typically two or three years is the minimum seasoning time before you begin to start seeing an actual profit. That is, when you back out the costs of purchase and sale. In other words, we had no other option than to reach for maximum profit, to keep them out of the red. That could be a pretty massive challenge.

Or so I thought.

What I failed to account for was the fact that Rob and Blake, both very talented graphic designers, had equally adept taste & genius in curating the furniture & finishes of their home. When I met them at the house, it was the first time that I’d actually seen it furnished and finished. The house was a vacant ‘flip,’ when they bought it.

Just a few steps past the front door, it was evident to me that with a little fine-tuning and scientific staging, we were looking at potential walk-off homerun. Their tastes and selections had transformed a nice house into a beautiful home. 

It truly was a work of art. I believe, no I know, that was one of the primary reasons the home was in such high demand once we finally put it on the market.

Trust me when I tell you, they aren’t all like that. A friend of mine, who is also in the business, likes to say, “It’s easier to polish a Mercedes than rebuild a Volkswagen.” 

So apropos!

Truth is, some houses literally take MONTHS of preparation. In fact, as I write this, I’ve been working with one client on getting his house ‘showcase ready’ for close to FIVE months. On the flip side, though, homes like Rob & Blake’s, while rare, can sometimes be spit-shined and ready to go in a matter of weeks.

We work with homes and clients on both ends of the spectrum. Our systematic Value-Driven Approach is geared toward crafting a unique “prescription” for each and every property we work with. One that has proven the ability to uncover sometimes hidden pockets of profit.

Understand this … Maximum Profit is NEVER Guaranteed, it Must Always be Engineered.

In this instance, I will give the credit where credit is due. Rob and Blake did a phenomenal job setting us up for success. Theirs is a perfect example of the fact that under the right circumstances, the ability to bank an extra $20,000-30,000 in gross profit is not entirely out of the question.

Prime property, good location, perfectly staged, talented & committed homeowners ... no doubt about it, those things make a world of difference.

We were standing at the blocks with at least a 5-second head start.

From there, though, the question was, “how would we formulate an actual race strategy that would allow us to maintain that margin, or better yet, lap the field?” 

Said differently, how do you strategically position the house, to generate a sale price that is 1.5x higher than the neighborhood average? How do you attract enough interest in the product, to achieve the highest price per square foot (for a home of any size) in the immediate area?

How do you engineer the marketing process so that eight cars of eager buyers are lined up to look at the house the moment of first opportunity?

There is an Art to that piece as well.

I can’t say for sure, because I wasn’t there to witness it with my own eyes ... but according to those who participated in the showing frenzy, I was told it was something akin to a Black Friday Sale. Except in this instance, the eager shoppers were bidding against each other to Pay A Premium rather than tripping over each other to snag the last TV at rock-bottom prices.

Door-busters of a different kind. 

We deployed an old time-tested strategy; one I read about years ago in the book, Influence, by Robert Chaldini. Remember how I said engineered? Remember how I said designated “Showing Blocks?”

The results speak for themselves.
* 8 Hours
* 1 Weekend
* 5 Offers Over Asking Price
* A New Neighborhood Record

Then again, it’s a deliberate process that starts with avoiding the fundamental mistakes many owners make when selling their property. That is always the first piece of the puzzle. Without that piece, it’s a struggle to fit the rest of the picture together. In time, we’ve proven it and we’ve documented.

P.S. While the results of this transaction are not all that uncommon for home sellers who follow the prescriptions of the Value-Driven Approach, the timelines were a bit more accelerated than usual. On average, our clients invest about one month of intense preparation, deliberately following a strategic process. In other words, please plan accordingly. Yes, there are buyers ready to move NOW but if Maximum Profit is your objective, it doesn’t just happen. It must be engineered, from step one.

ARE YOU READY TO MAXIMIZE YOUR PROFIT?

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CLIENT TESTIMONIALS
Helping Sellers On The Move
"Ryan listed my property on the MLS on a Wednesday morning. By noon the next day, my dilemma was deciding which over-asking price offer I was going to accept. That was a fun problem. I know I’ll never have to stress about real estate in Austin, Texas because Ryan France is on the mound!"
Lauren Neil-Jeffrey
HOME SELLER
"Ryan was the perfect Realtor for us. His advice on staging our vacant house was the most important reason it sold quickly. The sale of our home was a pretty complicated process. Ryan’s patience, honesty and straight-forward attitude were key in seeing this complex processes through."
Ankur Jain
HOME SELLER
"Once my house sold (above asking), I got a call from Ryan asking if I had a favorite charity for which he could make a donation to commemorate the sale. I was slightly taken aback ... then I realized that I shouldn’t be surprised at all. Not only is Ryan a good Realtor, he’s an even better human being."
Dale Blandin
HOME SELLER
"Ryan displayed complete professionalism and was always prepared. His skill at marketing was superb! The house was under contract within a week of listing! He knew where to focus efforts for the best results and he is very detail-oriented. I highly recommend him."
Luke Childress
HOME SELLER
"Ryan and his team were very helpful in making my condo stand out and sell quickly. He was proactive & effective in his communications. I always knew what to expect and where we were in the process. Ryan is the consummate
professional. You will be in good hands."
Laura Tomlinson
HOME SELLER
"Ryan had our house under contract in less than 48 hours, with 6 offers. Many of the Realtors commented on how the house was “staged and priced perfectly” thanks to Ryan’s advice. Ryan was extremely easy to communicate with and made the process of selling of our house as easy as possible."
Shelly Weathers
HOME SELLER
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