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Marketing Matters: You Can't Sell a Secret

Writer: Steve Hanrahan
Steve Hanrahan
Mar 15, 2024
4 min read

Updated: Aug 15

There is a lot of truth in the old saying, "You can't sell a secret." When it comes to selling your home, that statement couldn't be more accurate.

No matter how well presented your property is, how desirable the location may be, or how strong the current market appears, buyers can't fall in love with a home they don't know exists.

That doesn't mean you need to stand on the roof with a loudhailer announcing your property to the neighbourhood. What it does mean is that you need a strategic marketing plan that puts your property in front of the right buyers at the right time.


Exposure Creates Opportunity


One of the biggest misconceptions in real estate is that marketing is simply an expense. In reality, marketing is an investment.

Every additional buyer who views your property is another opportunity to create competition. More competition often leads to stronger offers, better terms, and ultimately a better result for the seller.

The goal of marketing isn't just to find one buyer. The goal is to find all of the potential buyers and allow the market to determine who is prepared to pay the most for your property.

The more qualified buyers who engage with your listing, the greater your chances of achieving an outstanding outcome.


What Should You Spend?


A number of years ago, Trade Me conducted research which showed that the average marketing spend for a property sale was approximately $7,000. At the time, this often included newspaper advertising, magazine placements, brochures, and other forms of print media.

The landscape has changed significantly since then.

Today, buyers begin their search online. They scroll listings on their phones, receive property alerts via email, watch video content on social media, and research neighbourhoods before they even arrange a viewing.

As a result, marketing budgets have become far more efficient.

For most residential properties, I generally recommend a marketing budget in the vicinity of $2,500 to $3,000. This allows sellers to gain strong exposure across the platforms where buyers are actively searching.

A quality campaign should include premium placement on:

These two platforms form a base to attract the vast majority of active property buyers in New Zealand and provide the visibility needed to generate enquiry.


Not Shotgun Marketing — AIM Marketing


One mistake I occasionally see is the belief that marketing is simply about putting a property everywhere possible and hoping something sticks.

That's what I call shotgun marketing.

Instead, I prefer a more strategic approach that I refer to as AIM – Advanced Internet Marketing.

The difference is simple.

Rather than broadcasting a property to everyone, we identify the most likely buyers and place your property directly in front of them.

Through digital advertising, database marketing, social media campaigns, buyer profiling, and targeted online strategies, we can reach people who are already showing signs that they're actively looking for a property similar to yours.

For example, a first-home buyer property in Hanley's Farm may require a very different marketing strategy than a luxury home in Arrowtown or an investment property in Shotover Country.

The message, audience, and advertising channels can all be tailored to attract the right buyer.

Marketing should never be about spending more money than necessary.

It should be about spending money intelligently.


Every Property Deserves Its Own Strategy


No two homes are the same, which means no two marketing plans should be identical.

The right strategy depends on a range of factors including:

  • Location

  • Price range

  • Property type

  • Buyer demographics

  • Current market conditions

  • Sales method

This is why I spend time discussing marketing options with my clients rather than simply presenting a standard package.

The objective is always to create maximum impact while ensuring every dollar spent is working towards attracting genuine buyers.


What If You Don't Have the Marketing Budget Available?


One concern I hear from homeowners is that they understand the importance of marketing but don't necessarily have several thousand dollars available before their property sells.

The good news is that this doesn't need to stop you from bringing your property to market.

Through Ray White's partnership with List Now, eligible homeowners can access funding for their marketing costs and repay those costs once their property has sold.

This allows sellers to launch a professional marketing campaign immediately without having to find the cash upfront.

It's a practical solution for homeowners who want to maximise their property's exposure while maintaining flexibility with their finances.


The Bottom Line


The best homes don't always achieve the best prices.

The best marketed homes often do.

A strategic marketing campaign creates awareness, generates enquiry, attracts competition, and gives buyers the opportunity to discover everything your property has to offer.

When you're ready to sell, don't think about marketing as a cost. Think about it as an investment in the final result.

If you'd like to discuss the best marketing strategy for your property, get in touch. I'd be happy to walk you through the options available and explain how AIM – Advanced Internet Marketing – can help your property stand out in today's market.

 
 
 

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CONTACT STEVE

Buying, selling or just looking to gauge the state of the market? Connect with Steve to say hello!

steve.hanrahan@raywhite.com

+64 021 151 7378

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