13430 98th Ave. Surrey—Sold by Nustream Realty Within 10 Days
"On February 26, 2016, a friend posted a photo of an outdoor late night line-up, which featured an impressive long line of realtors waiting to present their offers. The whole street was packed with people, which even caught the attention of the local police. At the end, 68 offers were received (upon a second check, there were 69 offers all together) and the selling price was 66% higher than the asking price. This property is located in Surrey Central, built in 1978 occupying a lot size of 11,000 sqft, and the asking price was $598,000. Within two days, approximately 700-800 people came to look at the house. The final deal was clinched at record-breaking $960,000.”
This news went viral on WeChat moment of a property sold by Nu Stream Realty within only 10 days being listed. This might appear to be just a random event in the heated real estate market of Vancouver. However, if we look back at the listing period of 10 days, we can see that every step of the transaction amplifies the effectiveness of Nu Stream Realty’s team model. In which, teams led by top realtors working closely together with each other. All members fulfilling their respective responsibilities and the advantages of each member are manifested in cooperation, which generates significantly improved sales performance, much better than the traditional individual-effort way.
Let's recall the scene at that time and gain an overall understanding of Nu Stream Realty. You will see how this company provides comprehensive solutions for each listing, and how the listed properties go from “for sale" to "sold” in the shortest time, with least hassle and for the best price. In addition, we will also share some of the testimonies from this property’s selling realtors --- Benson Lee's team of Nu Stream Realty.
About the Property
This north facing older house, standing on a 1,000 sqft lot, is very close to King George Station and an elementary school. It is conveniently located within a 5-minute drive to the shopping malls, shops, banks, restaurants and other facilities in the city of Surrey. The interior floor area is nearly 3,000 sqft, with six bedrooms and a separate entrance to a two-bedroom suite downstairs. It has great potential for development.
Before listing the Property — Profession preparation by Nu Stream Realty's Sales Team
When the homeowner signed the Listing Contract with Benson Lee's team, instead of a single agent, both the company's professional sales team and marketing team provided services. These teams showed great advantages during the open house phase and offer receiving phase.
After the listing contract was signed, the company's professional realtor team immediately made preparation for the listing, including:
●Free advice for interior cleanup
●Free photograph service to take attractive photos all around the house
●Close communication with the home-owner to set up the best time for an open house
●The company's sales team to arrange staffing for the open house
After listing the property — Wide-range promotion by Nu Stream Realty's Marketing Team
Unlike traditional real estate companies, Nu Stream Realty has its own professional marketing department responsible for promoting the listed properties and takes great care to ensure the highest exposure, through:
● Well-known local real estate newspaper advertisements
● Well-known local websites
● Collaborative partners with access to a large number of qualified potential buyers from overseas
● Promotion through the WeChat official account of Nu Stream Realty which has a great number of potential buyers subscribed (WeChat official account ID: NuStream).
Greatly enhancing the exposure of the open house, these full-scale professional promotions constituted the groundwork for the three-day open house and the successful sale within 10 days.
After listing the property — Collaboration by Nu Stream Realty's Marketing Team
After the official listing of the house, the realtors of Nu Stream Realty did not slack in effort, since the real work had just begun.
In addition to the open house advertisement, the assigned realtors placed signs at nearby intersections on the day of each open house. During the three days of open house, a total of more than 700 people came to see the house. The close collaboration of the realtors maintained the order on the scene and made sure all inquiries were addressed properly.
After the open house, the sales department and the realtors received hundreds of inquiry calls. The realtors of the team answered every inquiry patiently, taking notes carefully and followed up thoroughly. Facing tremendous amount of work, the big team model of Nu Stream Realty showed its full advantage.
After being listed for 10 days, on the day receiving offers, two team leaders of Nu Stream Realty and more than 10 professional realtors arrived on the scene to ensure the order and quality of negotiations so that every buyer has a fair opportunity.
Testimonies of the Realtors
“Six hours have just passed and it's extremely memorable. Gracious thanks to the team members for their hard work. More than 700 or 800 people have visited the house during the three days of open house. Today, the buyers who are lining up to submit contracts blocked the street. Even the police had to come to maintain order. Today, 68 offers were received. We don't know whether or not this broke record with the Real Estate Board. It is the first encounter of this many unconditional contracts with over 60% of the asking price. The buyers and the owners were all very satisfied. Success came from the cooperation of the team. The moment was forever memorable. Cheers to Nu Stream Realty!”
-Burnaby Team Leader, Benson Lee PREC*
“As a member of the realtor team responsible for this house, I have deep feelings towards this house. I took part in all stages of the transaction from open house to offer presentation. First was the two-day open house on the weekend. People began to line up before 2pm and my colleague Johnny had to open half an hour in advance. Within an hour, the 100 printed Feature Sheets were all handed out. I had never experienced anything like this. The realtors and the general public who attended said that it was like Boxing Day. Normally the seller's realtor would receive offers through emails, and few of them would present offers in person. But our team presented offers one by one in front of the property owners, in order to give everyone a fair opportunity. I arrived 10 minutes earlier on the offer presentation day, and a long line-up had already formed in front of the house. Even though the queue was long, team leader Benson along with Coquitlam team leader, as well as, my colleagues Johnny and Vivian patiently gave each buyer’s realtor the opportunity to present offer to the owners. The owners were there throughout the process, and the process was fully transparent. It was already 10pm when the offer presentation was completed. I would like to thank the team for giving me a life-long unforgettable experience!!”
“I think the achievement came from hard work. Putting up signs and listing it on the market were both done in a timely manner. Numerous signs were put up at the intersections on the day of open house to ensure accurate direction. Within several days, my colleagues and I received hundreds of calls, and we made follow-up calls for two days. During the negotiation, two team leaders of the company and experienced colleagues participated. The preparation, demonstration and promotion in different stages could never be completed by a single realtor. Team cooperation and the undertaking of respective responsibilities by the team members ensured that tasks can be completed efficiently. This was the result of a large team's cooperation.”
In less than two months since its founding, Nu Stream Realty has rapidly established a team marketing system that consists of elite realtors and providing services in Vancouver West, Vancouver East, Richmond, Burnaby, North Vancouver, West Vancouver, South Surrey, White Rock, and Coquitlam. There is also a Korean-speaking team covering all of Metro Vancouver’s Korean-speaking communities. The company's philosophy is "Advocate a big team model based on close collaboration, so that excellent talent can be more excellent. Thus, enabling the customers to buy houses more quickly, and enabling the customers to sell their properties at better prices." Through the effective marketing methods, the company endeavors to create more marketing opportunities and provide more value-added services to the clients. The founding objectives of the company are to pursue a more standardized management, healthier and progressive culture, and strive for immense goals for greater client satisfaction.
Since founding, Nu Stream Realty currently has more than 60 licensed professional realtors and hundreds of properties listed for sale. More than 50 transactions have been made. The achievements reflect the ability, potential and professional competence of the realtor teams of the company. It is worth noting that the company provides free home staging service, which further increases property value for the sellers, so that the sale of the listed property can be done in the shortest possible time.
Nu Stream Realty will keep offering comprehensive services for clients in real estate development, commercial real estate, residential real estate sales, and lease management. Team work is the key to success at Nu Stream Realty!