I write this post on what is a “holiday” for many people: President’s Day. A three-day weekend, the most joyous of “holidays.” Meanwhile, my wife – who is now a REALTOR® in Chicago – is running around prepping for another day because three day holiday weekends only means an extra day to be with clients looking for homes in a market starving for inventory. She has realized what many a real estate pro already has known: There are no such things as holidays for REALTORS®.
This, after a marathon Saturday of showings where half the houses she saw sold by the end of the day, turned into a night of presenting four offers to her seller only for the elation to quickly wear off when said sellers realized they have no home to move into once their condo closes in two months. Let’s face it, the market realities today mean that the hours real estate professionals work may not be the hours they’d LIKE to work.
There’s lots of “work-life-balance” talk on the interwebs, but unplugging may be hard to do when you’re in a multiple-offer situation, or if you NEED to show that listing that just came up on your MLS radar. However, the time you DO have with your clients will prove to be the most valuable, and squeezing every bit out of time with them might mean a make-or-break deal. Some tips…
Audit Your Productivity Processes Now:
No other technology can position the client/agent team better in today’s hot market than mobile technology. How mobile are you? How mobile is your broker-tech, MLS, and forms technology? These entities are not created equally, and if you realize you’re working in the tech dark-ages, literally make it better, or carry contracts with you. Recognize that “being mobile,” actually means “being productive.” Know how to use DocuSign, Dotloop, zipForm or whatever your broker or MLS’s technology is that allows you to write offers on the fly. Dropbox and Evernote collaborations with clients may save your listing sanity. Sometimes having a MiFi hotspot and a laptop is all you need to be productive, whether your next office might be a Starbucks or the passenger seat of your car. The words, “I need to go back to my office to…” should never be enter into your lexicon.
Bonus: Brokers, make your next sales meeting a workshop, one in which your agents practice writing mobile contracts. For example, practice writing and sending forms to each other. Broadcast it live with about.me. Record it and throw it on your Youtube page. Your time is valuable too! Continue reading »
Smile. It’s a simple but powerful gesture.
Smiling says something about your character. It puts people at ease, increases attractiveness, and it’s contagious.
“Some of us need to have more peace in our lives. People want to be around positive people,” said Darryl Davis, New York-based speaker, trainer, and comedian who has been in the real estate business since he was 19 years old. Davis presented stress-relieving tips during the REALTORS® Conference & Expo in Orlando Sunday. “It’s hard to smile and be angry and pissed off at the same time.”
A career in real estate can come with a lot of stress, so much so that it’s often ranked one of the most stress-filled jobs. The amount of endorphins released from smiling actually equals 2,000 bars of chocolate, inducing happy feelings and lowering blood pressure.
So, next time you’re in an argument with someone, just plant a smile on your face. It will either defuse the situation, or you’ll get the better of the other person. Either way it’s a win for you, Davis joked.
In addition to showing your pearly-whites, there are other ways to stress less. Here are Davis’s top three tips:
- Let go of your baggage. You’ve made choices in your business and your personal life; many of those choices were spot-on, and some maybe weren’t so great. If you keep beating yourself up over those bad choices, you’re going to continue living in the past. “It’s like driving a car looking in the rear view mirror. Eventually you’re going to crash,” said Davis. It’s time to accept the choices you’ve made in life, for better or worse, and re-focus your energy on moving forward.
- Be committed to what’s possible. Davis ran the New York City Marathon in 2006. He had never done anything like it before. In fact, he said he was so out of shape, that he only made it 0.33 miles during his first training run. But because he had a higher purpose for running the marathon – raising money for children suffering from leukemia and lymphoma – he stayed on top of his training and completed the marathon five months later, raising $25,000 for charity. The key to reaching any goal, he said, is envisioning what you want and then creating it. Start by painting a picture of your life and career goals. “Your success exists in the future; you just have to figure out how to reach it,” Davis said.
- Focus on improving your skills. People can usually relate to those who have had a similar experience in their lives. If you’re having trouble communicating with a client, try using stories, metaphors, and analogies from your own life to handle objections. Your skills also improve when you surround yourself with positive, motivating people. So avoid the “negative-Nancy” in your office and hang around those people who will inspire success.
Miami is known for its colorful vibrancy, but 23,000 vacant condos put a dark cloud over the south Florida market at its peak inventory in 2008. Do you know what happened? They’ve all sold — largely due to the purchasing power of international investors.
As foreign buyers’ interest in U.S. real estate continues to surge, REALTORS® are seizing this opportunity and arming themselves with education.
A window into this trend could be seen in Chicago this week as about 20 REALTOR® students, some who traveled from several states away, attended the Certified International Property Specialist (CIPS) course at the Chicago Association of REALTORS®. I had the pleasure of sitting in on the first day as instructor David Wyant of Wyant Realty and Across Borders School of Real Estate in Ormond Beach, Fla., covered local markets. CIPS is a real estate designation that has seen exponential growth, with more than 2,000 recipients and courses taught in 50 countries.
Why are foreign buyers eyeing the U.S. real estate market?
Is it because the value of the dollar has fallen? Yes, the lower dollar value equals deals for foreign buyers. But according to Wyant, that’s one reason among many.
“Investing in real estate is great for individuals and for sovereign nations,” Wyant explained. “Real estate has its ups and downs, but it’s never worth nothing. It’s tangible, it holds its value and it’s around for a long time.”
Of all the countries in the world, the U.S. is still leading the way in providing the most stable and secure real estate investment environment, above Germany, Canada, France, Australia and the UK. Why? The stability of the economy and laws the U.S. has protecting private property rights. “That means a lot if you’ve ever had anything taken away from you,” Wyant said.
The internet has helped quicken globalization. It’s led to the migration of jobs across borders, and as countries evolve and economies diversify or move from farming to industry, creative centers have emerged and trade has expanded. Sunsetting tariffs, 24-hour markets, ease of air travel, and countries specializing in specific industries and trades have all contributed to globalization.
Who’s buying in the U.S.? Continue reading »
By Katherine Tarbox, Senior Editor, REALTOR® Magazine
While I was at the offices of the Greater Capital Area Association of REALTORS® in Rockville, Md., for the Homeownership Matters Bus Tour, I was taken aback when I saw all of these signs available for real estate practitioners to purchase… mostly because they’re a bit of a twist on the usual “For Sale,” billboard. Check out the sign that says, “I’m Gorgeous Inside,” or the “Honey… Stop the Car” sign.
Do you have a unique sign that works for you? If so, what does it say?
By Brian Summerfield, Online Editor, REALTOR® Magazine
With so many different contact management systems on the market today, deciding which one to use can be overwhelming. And if you’re new to real estate, you may not know what features you’ll really need.
What are the most important attributes to look for in a system that manages information of clients and prospects? To find out, we asked real estate professionals to posts their thoughts on the REALTOR® Magazine blog on Active Rain. Here’s what they had to say: Continue reading »
By Katherine Tarbox, Senior Editor, REALTOR® Magazine
At the 2009 Keller Williams Family Reunion in Orlando, I listened to many practitioners who said they wanted more scripts to help them through these demanding times. In response to this request, we developed content to help you answer the tough questions clients are asking, from how to handle buyers’ objections to sellers’ pricing concerns.
Beginning next week, you’ll notice that the Monday and Friday editions of your Daily News e-mails from REALTOR® magazine will include one-question, one-answer “Quick Scripts” from some of the best real estate coaches in the industry. Topics will include prospecting, cold calls, client referrals, committing buyers, open houses, qualifying buyers, tips for listing presentations, and price reductions.
Here are a few samples of what’s in store, courtesy of business coach Cheri Alguire:
They say: “If I can’t get $x for my house, I can’t afford to sell.” Continue reading »