Tag Archives: real estate career

This morning’s training is on pricing listings.

This morning  I will be meeting with newer and inexperienced agents to discuss the methods they can use to help a seller determine the correct list price for their home.

We will be looking at several methods including a comparable market analysis, tax value vs real value, sold prices per square foot and marketing positioning research.

I am confident that our agents will leave the meeting with a better understanding of this portion of the listing process, which should help them secure and successfully sell their future listings.

Contact me to be part of our highly successful team in the Kissimmee Watson Realty!

Is a real estate sales career right for you?

Real estate career information

Are you recently unemployed or considering a career change? You may want to consider a career in real estate sales. A real estate career is more than just a job. If you believe you have the skills that include:

  • marketing skills
  • prospecting skills
  • social media skills
  • advertising skills
  • networking skills
  • customer service skills

A real estate career might be right for you.

Call me for real estate career information. I will be happy to discuss the real estate business and what you can expect as a real estate sales person including:

  • What can you expect to earn?
  • What costs can you expect?
  • Will you receive training?
  • Is this a good time to get into real estaet sales?

The time is right for you to begin a career in real estate, call us 407-304-0255 or 407-765-4884!

The importance of self-motivation

How do you get yourself to do things you don’t feel like doing? You know what those things are and I bet each and every one of you have said at one time or another; “tomorrow I am going to ___________ in order to get more listings or make more sales”. Unfortunately, just like New Year’s resolutions, the motivation passes long before the task has been completed. I have heard it said that motivation is just like bathing, you need it every day. We can get motivated in a variety of ways. A coach can motivate us, real estate managers can motivate us, our husband, wife, or significant other can motivate us, even a book or quote can motivate us to get going in the right direction. The challenge we encounter is that we can’t always have those outside motivators with us on a daily, minute by minute basis or when we need them the most! So what then?

We need to learn how to motivate ourselves.

Being able to self-motivate keeps successful agents moving in the right direction. It is my opinion, the key to being able to motivate oneself, starts first with understanding what motivation means. I found a definition of motivation online that I think provides a clue on why successful agents are able to motivate themselves daily. Motivation is defined as; “the reason or reasons one has for acting or behaving in a particular way”. I believe successful agents have the reason or reasons they will succeed ingrained into their being. Nothing will stand in their way and that includes doing the things that most agents don’t want to do. Their reasons for wanting to be successful are immensely more powerful than their fear of what needs to be done to reach their goals. Are your reason or reasons that powerful?

Reexamine or identify why you want to be successful and then ask yourself, would it be ok if I failed. If the answer is yes, then you are trying to build a real estate career for the wrong reasons. It is when failure is not an option that self-motivation will be the driving force for success!

We are now providing advanced training for our Central Florida real estate agents!

This month we have started offering advanced training courses in addition to our monthly success school that we offer our new agents joining the Company.  These advanced training courses are designed for both newer and experienced agents who want to dig deeper into the proven methods real estate agents use on a daily basis to grow their business.  The courses are being taught by Central Florida leadership and several of our top agents.  These courses include the following:

Day 1

1. Advanced CMA

2. Reviewing Toolkit

3. Advanced Listing Marketing:

Day 2

1. FSBOs & Expired Listings

2. Develop and maintain your SOI & Maximize you referrals

3. Effective farming & Just listed / Just sold prospecting.

Day 3

1. Prospecting open houses & converting your leads to sales

2. Working events & networking in your community

Day 4

1. Short Sale and REO Transactions:

Objective: Defining the difference in working with buyer’s on Short Sale and REO transactions.

How to list and coordinate the short sale with short sellers.

Day 5

1. Social Networking and SEO for Agents:

Objective: Introduce prospecting SOI through the use of Facebook and other social media and

Introduction to generating leads online utilizing websites and blogs.

2. Prospecting Floor Time: Objective: Introduction to floor and how to convert lead to closings.

We are excited to be able to provide additional advanced training to our agents.  If you feel that this additional training would be beneficial to you or would like to learn more about the products and services we provide to our  agents, please contact me.

Greg Staker
Watson Realty Corp.
407-343-5752

Using the right tools to succeed

Nearly every day one of my top producing agents will update me about a new customer they obtained from the agent’s online efforts.  It is exciting to hear about new business resulting from their utilizing Realtor.com, Trulia or personal website.

 Once every other month or so a 4th quartile producer in my office will tell me about a contact they made through some form of print media they are using.  Their update will almost always include them telling me the new contact proves that print advertising still works.

 But will it lead to success?

 The 2010 Profile of Home Buyers and Sellers completed by NAR reports that only 2% of buyers use print media when starting their home search.  2%.  The same amount of buyers who utilize the very productive “home buyer seminar”. (Insert sarcasm)

 It is important to identify and learn how to use the right tools if you wish to succeed in the real estate sales business.  With the majority of home buyers starting their home search online, an obvious tool you should be using is the internet.  You do not have to be an internet celebrity to enjoy success through your efforts.  You just need to know where buyers and sellers are and then be there.  That sounds similar to the way this business has always been done successfully, even prior to computers.

My review of the book Rhinoceros Success.

I have asked my agents to share with me motivational books that they have read and enjoyed; self-help, sales themed; you know the sort. After I finish reading the book or books they suggest, I will follow-up with a post about the book and my thoughts.

One of my newer agents suggested, Rhinoceros Success. This book, written by Scott Alexander in 1980, 122 pages long, to me has the same message or content being repeated throughout the chapters. This book was a pretty simple read.

The premise of the book as I understood it, is that business success favors those with tough skin and a can do mentality. The can do mentality comes from having the rhinoceros trait of charging head first into any endeavor you take on. Charging like a rhinoceros towards every opportunity available instead of being passive and unsure (the writer calls non-rhinoceros type persons, cows) will result in success, according to the author.

The book also discusses the common denominators for success; believing in yourself, clearly defining your goals, taking care of yourself, learning and surrounding yourself with positive people. The writer says that by, “going rhino”, 6 areas of your life will improve.

  1. Financial
  2. Work
  3. Family
  4. Physical
  5. Social
  6. Spiritual

Perhaps because of when the book was written in 1980, I did not read anything that I had not read or heard before. The rhinoceros comparisons, especially when compared to unsuccessful people or cows, were humorous. The book contained a few too many biblical references for my taste.

Going rhino is not the only path to success. Some of the most successful agents I have met during my career are soft spoken, non-rhino-esque and yet are still very effective because they have other qualities other than hard charging. I would think this book would appeal to the already aggressive personalities seeking assurance that charging full speed ahead is a recipe for success.

Photo credit by bob_rayner

When you become a real estate agent you should reintroduce yourself to your family and friends.

As I have posted many times, meeting people is the single most important element of a successful real estate career. The people you meet and talk to about real estate do not have to be strangers. One group of people that would be the easiest to talk to, and can just as easily be forgotten, is our friends and family. Many real estate agents can tell you a horror story of finding out a week, month or year later that their uncle or best friend in high school bought or sold a home without them knowing about it.

What can you do to not have this happen to you? Reintroduce yourself.

Reintroduce yourself to your family and friends

One of the first tasks I assign a new agent in my office, which may seem odd to them, is to mail out a handwritten card to their circle of friends and family. This is such an important step at my company that we provide cards to the new agents. This simple note is great way to say hello and to introduce your friends and family to their new real estate professional. Notice I said, “…their new real estate professional”? They already know and hopefully like you. People like dealing with people they know and trust so as long as you do your part and regularly remind them that you are a real estate agent, they will view you as theirs when they need one.

The note should be hand written. It should be short and sweet and include a business card. You might want to write a note similar to this:

Hi Uncle Jim,

If you have not already heard let me be the first to tell you I am now working as a full time real estate agent! The good news is I am working with a company that provides great training and education plus I can help anyone sell or buy a home anywhere in the world!

I am really excited about the future and would like it if you keep me in mind should you hear of anyone wanting to buy or sell a house.

I’ll call you in a few days to say hi.

All the best,

Mary NewAgent

 

It can be that simple. This note is going to people who already know you so there is really no need to cram many details into that first “professional “contact. You can share all of the exciting things you are learning about the services you provide in the follow up phone call and subsequent letters and emails.

Reintroducing yourself to your family and friends and maintaining contact with them on a professional level is a must if you want them to think of you as “their real estate agent”, otherwise you may find out, well after the fact that they never knew or forgot you were a real estate salesperson.

Photo credit by saiberiac

What can real estate agents learn from everyday purchases they make?

Every 3-4 days I will spend $30-$40 dollars on something I need. I’ll make this purchase without ever speaking to a sales consultant, I do not know the owner of the company I am buying from and I will pass by several other companies offering the same product for basically the same price. I am sure you have already figured out I am talking about buying gasoline.

As agents we should pay particular attention to our spending habits and why we choose the companies and services that we use daily. They can provide insight into the mind of a potential customer, because we are also potential customers and as such we think like a customer thinks.  So what is there to be learned from where we purchase our gas?

I can count on one hand the number of times I have actually walked into the gas station’s building over the past year. I am sure that inside the station there will be a smiling sales person behind the cash register offering a warm greeting, maybe even a manager watching over the comings and goings, making sure shelves are stocked. I am usually in a hurry and have no need for a huge soda pop in a cup or a pack of gum. I’ll buy the station’s gas even without the warm and fuzzy greeting or any direct selling of their product. Why?

There are 3 reasons that I can think of for buying gas at a particular station without ever going in to speak with a sales associate.

  1. I have a need.
  2. They are are able to handle my need.
  3. Convenience.

I have a need

I have a need for gas, so a purchase is going to follow. From the customer viewpoint, the need comes first and starts the purchase process rolling. Buyers and sellers of real estate have a need as well.

  • Seller needs to relocate.
  • Buyer needs to stop renting and buy a home.
  • Seller needs to short sell their home.
  • Buyer needs to use FHA or VA financing.
  • Seller needs to purchase another home after selling theirs.
  • Buyer needs to purchase a home in a specific area.

They are able to handle my need

I know that the gas station can fill my need. How do I know? I can see that they have gas pumps. I see other people buying gas ahead of me. They have a big sign advertising that they are a gas station and have a variety of grades of gas to sell.

Do customers know that you can fill their real estate needs? Do you make sure your marketing and prospecting efforts carefully outline what you offer that fills the needs of others?

  • Do you promote yourself as a relocation specialist?
  • What have you done this year that clearly identifies you as an agent that can assist first time homebuyers?
  • Do you make sure your market knows that you have the education and qualifications to assist sellers with the short sale process?
  • Who knows that you can help a buyer obtain a FHA or VA loan?
  • Buying a home while selling one is more complex; does your customer base know you to be a knowledgeable real estate professional?
  • Are you the area/city/town expert?

If we are to learn from the gas station, the customer would need to know all about us even without or before meeting us.  How is that possible?

Word of mouth, marketing and prospecting that accentuates your services.

Your current and previous customers are walking billboards. Your family and friends are your radio and TV spots, reaching into hundreds if not thousands of households with a message about you. Word of mouth will let people know that you can fill their needs before they ever meet you.

Does your marketing and prospecting accentuate what the customer is really concerned about, their needs? Is your message clear, for instance, that you are a relocation specialist and do you offer examples of how that benefits them. Do they know you understand the fears and concerns with buying a home for the first time and are able to guide new home buyers successfully through the process? Remember your goal is to introduce your skills to the customer and let them know what you can do for them before getting face to face.

Convenience

I pass by several gas stations on my way to the one I most commonly use because of the convenience of using this station. I know where to find the station, they are easy to find, easy to use, and are able to provide me what I need when I need it. If not, I search for the next “known” gas station I need.

Can potential customers say the same thing about you? Do you have enough for-sale signs out in the neighborhood that make it easy for a new customer to find you? There is a phrase, “you list to last” and the reason I find this to be true is because listings result in new customers calling the phone number(s) on the for-sale signs. Are you online? Do you take advantage of social media sites leaving online directional signs to you? Can the potential buyer or seller conveniently locate you anytime of the day or night from their home or office? Do you answer the phone? This is a biggie. Are you always letting calls go to voicemail putting all of the work on the caller to either leave a message or move on to a more convenient agent? If we are to pattern ourselves after a service such as a gas station, we need to be around every corner, open for business and ready to serve the needs of our customers.

We can learn from our everyday purchases

There is a lot for us to learn from our own buying and spending habits. Analyzing why we purchase from one store or vendor over another will help us reach more of the customers we seek. Start making mental or written notes as to why you shop a certain store or read one direct mail piece over another and then incorporate what motivates you into your own real estate business.

Photo Credit by the Italian voice

Find out what the buyer wants, give them what they want, if they do not buy, find out what they want.

It is not unusual to listen to an agent talk about their career buyer. You know the career buyer, right? They are always looking but never buying. Either they place offers that are ridiculously low or they never make an offer at all because they just can’t find the right home.

If you are going to work with buyers you should follow these steps:

Find them, find out what they want, give them what they want, if they do not buy, find out what they want.

Finding buyers

How you find buyers is up to you. The best way to find a buyer is to hang out where they hang out. Historically buyers have been know to hang out at open houses, they have been seen calling or stopping in an office during floor time, buyers have also been spotted associating with people you already know and an increasing number of buyers hang out around the internet.

Find out what they want

This is the qualification period in your relationship with the buyer. Qualifying a buyer goes beyond their financing. Finding out what a buyer wants involves understanding what type of home – style, pricing, location, enhancements – will motivate them to make a serious offer in an appropriate time frame.

Give them what they want

An agent who thoroughly knows the market will be able to easily identify all of the homes that match the buyer’s criteria. These are the homes you will want to present to the buyer and show them over the next few days.

Uh oh, the buyer is not buying you better find out what they want

So you have found the buyer, listened to them and thought you found out what they want but now they are not buying. It is time to re-qualify them in order to avoid having your very own career buyer.

Agent: Mr. Buyer when we first met we discussed in great detail the type of home you were interested in. You told me how many bedrooms you needed, the area you desired and you provided me with a price range that you would be willing to spend for the right home. You also indicated that you wanted to be in your new home within the next 60 days. Have your criteria or time frame changed?

The buyer’s answers to your questions will let you know whether you should modify your search criteria, hand them off to another agent in your office as a referral or stop showing them homes until they are really ready to buy.

Qualifying and then continuing to qualify your buyers during the buying process will result in you closing more transactions.