Date post: | 06-May-2015 |
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Silvano RealtyWe’ll Keep Working Even After the Sale
Silvano Realty
Agenda
Introduction & Overview
Market
Customer Profile
Sales Goal & Profit Objectives
Strategy
Introduction
Silvano Realty represents home buyers and sellers in Southern California and surrounding communities. We have particular
expertise when is comes to selecting the right neighborhood that fits your family and lifestyle.
If your dream is to live in a community with top notch schools, recreation, safety and culture, then Silvano Realty is for you. Let our experience in this region take you through the steps to fulfill
your goals with the utmost confidence.
Welcome Home
Agenda
Introduction & Overview
Market
Customer Profile
Sales Goal & Profit Objectives
Strategy
Market: Current Stats
7
Real Estate Market• Sales are decreasing• Foreclosures are increasing• Revenue of residential real estate
$9,442,103,000 in California
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Real Estate Sales
• Most popular sales occur in the following areas: Hollywood Hills, Bell Air, Westwood, Mid Wilshire, Silver Lake, Brentwood, West LA, Eagle Rock and Los Feliz
• Most expensive: Pacific Palisades at $750 per square foot
• Least expensive: China Town $130 per square foot
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Target Neighborhoods
• Our clients are first buyers who want to pay no more than $500K, on average
• Target Areas: LA, Burbank, Pasadena, Eagle Rock, Mid City, Northridge
• Average sales price decreased 16%(Burbank); 46% (Pasadena), 17% China Town, 47.6% Northridge
Source: http://www.trulia.com
Price Comparison
AreaPrice/Sq ft.
Average Home $
# of Sales Available
Los Angeles
$270 $299,500 4,592 16,462
Burbank $297 $410,000 48 136
Pasadena $359 $450,000 520 556
Eagle Rock $296 $385,000 147 418
Hollywood $308 $452,500 80 268
Mid City $238 $400,000 235 796
Northridge 206 $336,500 246 7
Agenda
Introduction & Overview
Market
Customer Profile
Sales Goal & Profit Objectives
Strategy
Customer Research
“We’re looking for a realtor that will take the time to get to know us and understand our problems and needs.” “We’re first time home
buyers and we don’t understand the process.”
“We are looking for a solid investment.”
“We are looking for an affordable home in a safe
neighborhood, close to work, with good schools.”
“We’re cautious about the market, especially
in the current economic climate.”
Customer Profile
Customer Profile• Who: Young urban professionals, mid 20s-early
30s, either single or newly married• Values: Urban lifestyle, family, safety• Needs: Home that is affordable & centrally
located, preferably in/near the city, close to stores, shopping, public transportation, hotels, etc.
• Problems: Limited budget, new to home buying (limited knowledge of the real estate market & industry), little trust in real estate professionals
• Goals: Views the purchase of a home as a long term investment
*We have two customer segments: buyers and sellers (current home owners). This campaign will focus on home buyers.
Agenda
Introduction & Overview
Market
Customer Profile
Sales Goal & Profit Objectives
Strategy
Sales Goals & Profit Objectives
• Sales Goal: $10,000,000 / year• Profit Objective:
=($10,000,000 x .06)(.80)= $600,000
• Initial Investment: $384,000• Return on Investment: 56.25%
Resources & People Needed
People & Resources Needed Annual CostSalespeople (commission-based)Receptionist $24,000 Office Manager $70,000 Administrative Assistant $40,000 Transaction Coordinator $60,000 Accounting (Accounts Payable & Accounts Receivable) - $30,000 each $60,000 Accountants ($500/month) $6,000 Attorney $25,000 Insurance $5,000 Furniture & other equipment/supplies $20,000 Misc. operating costs $20,000 Rent (City of Tarzana, Ventura Blvd, 1800 Square Feet) $54,000 Initial Investment $384,000
Agenda
Introduction & Overview
Market
Customer Profile
Sales Goal & Profit Objectives
Strategy
Strategy: The Silvano Realty Experience
• Goal: To improve the process of working with new home buyers
• Initial contact is a phone call or inquiry to set up a consultation
Strategy: The Silvano Realty Experience• Consultation:– New client walks in. We offer drinks (alcoholic
beverages included), and food like hors d’oeuvre & cookies
– We walk client through several questions:• Have you been pre-qualified?• If so, who have you been pre-qualified with? And can
you show us the letter?• Describe the home you’re looking for• Can you share your financial information? (Money for
down payment, how long the money has been in the bank, etc.)
• We look through the MLS & provide client with listings and a price range
Strategy: The Silvano Realty Experience
• Home Buying Process:– Our realtors take clients to look at
several homes– Help clients compare homes–We’ll make sure something is cooking or
baking before the client arrives –We work with the client each step of the
way– Once clients finds a property they like,
we’ll negotiate on their behalf
Strategy• After the Sale:–We’ll offer access to an online
community to help connect new homeowners with professionals that will help them maintain their home (gardeners, plumbers, electricians, home repair, etc.)
– Keep in touch through personal emails– Referral Program: $500 referral bonus
for clients that refer new business
Questions?
Silvano RealtyWe’ll Keep Working Even After the Sale