Whether you are 20 or 50, many of us become so scared of losing what we have we don’t go after what we truly want. We play it safe and hold on so tight to the status quo that we never experience what could be. We believe the doubters and don’t take chances that will move us one step towards our dreams. I call this “playing to lose”. We see this in sports all the time when a team has the lead. They start to think about how not to lose instead of how to win. They hold on so tight to their lead that they start playing safe and scared. You can see it in their energy and body language. As a result, the other team takes chances, plays with no fear, and eventually gains the momentum and wins. To live a life filled with positive energy we must learn to repel the energy of fear. Whether it comes from within or from another person, we must overcome fear and adopt a “Play to Win” mindset. Playing to win requires a commitment to yourself that even if you fail, you will never give up and never let your goals and dreams die.
Those who play to win know success is not given to us. It is pursued with all the energy and sweat we can muster. Obstacles and struggles are part of life and only serve to make us appreciate our success.
If everything came easy we wouldn’t know what it felt like to truly succeed. Obstacles are meant to be overcome. Fear is meant to be conquered. Success is meant to be achieved. They are all part of the game of life and the people who succeed play to win and never give up until the game is over.
Let me ask you the most important question for you to start 2020 off right:
What’s your plan in 2020 and how are you going to make this year better than any other year? I am just back from my first planned unique memorable moment experience of 2020 with the most important people in my life, my family! Doing the coolest things with the coolest people in my life is what really makes me feel like I am living life and not doing life. What about you?
This week I want to take some time to dig deep into making this the best year ever for you personally and professionally. Make 2020 better than any other year. Making this year your best year ever requires more than an income goal or successfully selling more homes. It is about creating the quality of life you desire and deserve… in addition to kicking some ass in your business. To me, that means two things:
Enjoying the fruits of your labor by creating unique memorable moments with the most amazing people in your life and also growing as a person so you become better than you are today. Achieving these two objectives in 2020 requires action RIGHT NOW. Not later… but NOW!
So how do I plan for a Balanced Life? See if this scenario sounds plausible (perhaps scarily so!)… Of course, the ideal is to have a great year both personally and professionally. So to start the year, you put your blinders on and really dig in to gain some momentum… You’re doing the work, and as a result, you get crazy busy – and suddenly it seems impossible to take any time off. So you don’t. You keep working your tail off. Maybe you sneak away for a day or two instead of taking a real vacation. Before you know it, summer is here and it flies by as you continue helping people. By the time you come up for air, you realize the kids are headed back to school and it’s not a good time to get away. Your life is out of balance… all because you didn’t plan accordingly.
So let’s fix this. Get Out Your Calendar right now. Just like you built your business plan, I want you to build your life plan to make 2020 your year of experiences
Here’s how… Get out your calendar and start making commitments: Schedule and book at least one big vacation ( unique memorable moment ) and a few smaller getaways throughout the year. You NEED these for your mental health. For me its one every 4-6 weeks when I begin to feel burnt out and begin to be running out of patience. Then buying the tickets and making the plans will hold you accountable to getting everything in place so you can take the time off.
Research and make your travel plans for the training events you’ll attend in 2020 to keep you learning and growing. You should attend an event at least once per quarter to keep you fresh, recharge your batteries, and learn new strategies to implement. If you don’t do this, you will fall behind the competition.
Determine how much time you want off around certain holidays and block it off. Block out at least one day every week to ensure you don’t end up working 7 days a week. Make plans for those days ASAP so you don’t end up working anyway. And while you’re at it, get selfish and reserve some additional “me” time that you can use to clear your mind, read, meditate, brainstorm, conduct quarterly reviews of your progress on your business plan, etc.
There are several big benefits to making these plans. They give you something to look forward to and work toward. This will help keep you motivated and prevent burnout. They bring added urgency to be more efficient in your work. When you block out all that time on your calendar, you no longer have the luxury of time to get things done.
Believe me… you’ll become extremely productive right before each of your planned vacations. They provide an added layer of accountability in the form of personal commitments to your family or travel companions as well as financial investments in your vacation expenses, etc.
So that’s your assignment. Not too hard, is it? Actually, it should be fun. Maybe it’s something you want to do with your significant other, your family and loved ones, or your good friends.
Here’s what I’d like you to do after you’ve blocked out all the time on your calendar and made your plans: Text me at 250-212-8220 and tell me you finished and where you’re going in 2020. I can’t wait to get that text!
Did you know real estate agents every day are costing themselves tens of thousands of dollars in business by what they are saying or even what they are not saying? What we say, and what we don’t say and how we say it changes everything for agents and their business. This week we want to share with you the five proven statements every agent needs to use in their real estate business to generate more productivity. In real estate all agents have gifts, talents and personalities they think is enough and tend to push away from scripts, dialogs and techniques.
Many things you do every day is scripted like “Hello”? How is it going? How was your day? So why the push back? Think about this, whenever we go to eat out we are always greeted a certain way, asked if we would like something to drink and maybe a snack or appetizer to start things off. Again this whole process is a script and something quite natural and in fact we all come to enjoy and expect when we dine out. Right? So we want to share with you the five phrases you must use to get a buyer and seller to do what you want them to do.
Agents are going through the same activities every day but we all need to have a pattern disrupt and have the awareness to change up our daily patterns.
Many REALTORs are now saying online leads are not the answer and they don’t convert. So, why do I have an agent from Brazil who moved to North America and has been licensed only 8 months and has made almost $150,000 G.C.I. already from online leads?
I believe the words he is using and the way he is saying them has made all the difference in the world so let’s have a look at some of these words this agent is using to convert and get buyers and sellers to do what he wants them to do!
#1 Would you be offended if …
Stop asking “can I come by” “is it ok tomorrow at 2?” Generally in sales most people naturally want to respond with the words “NO” so instead of asking the same old questions they respond with a “No” answer, try using the phrase “Would you be offended if I put in my day timer to call you Thursday at 10 AM?” their auto response NO actually means Yes to you and the appointment now. See the difference?
#2 Do you have anyone sending you the good deals?
Stop asking the question “are you working with another agent” to which they shut you down immediately. Instead start asking “Do you have anyone sending you the good deals?” to which they think to themselves “wait a minute, am I seeing all the good deals on the market?” Again see the difference?
#3 What would need to happen for …
By using this question we create different expectation for the clients and they now give you a list of actions they need to happen in order for them to do what you want them to do. For Example, “What would need to happen for you to buy a home today?” “What would need to happen for you to list with me today?” They in turn they share with you the things that would need to happen for them to do what you want them to do. See the power of this terminology?
#4 It’s funny you are contacting me about …
Someone is inquiring about one of your listings and you respond with “It’s funny you are contacting me about this listing.” This phrase automatically makes the client feel comfortable and feel like it was almost meant to be. The psychology of the phrase instills a feeling like it was supposed to happen.
#5 I’m going to be at this number for the next …
When you are responding to people and wanting them to respond to you, you need to create deadlines and scarcity which makes them value your time and contact you back quicker and the thought is in their head of urgency. For example, “I am going to be at this number for the next hour”.
We are in the conversion and persuasion game and get paid accordingly to our conversion skills. We are looking for a thumbs up or a thumbs down from a client and nothing else. This comes from consistency, frequency and tenacity but more important the words you say and how you use them can be a game changer. If you are not converting then take the time to look at what you say and how you say it and implement the 5 phrases above and experience the difference! I dare you!
I know, I know… what is up with the Agentsboost motivational topic about failure this week Wade? The market is really good and things seem to be going well economically and we should all be grateful for the business we have and maintain a positive mindset.
I get it!
I want to address the elephant in the closet in our industry and that’s the failure rates of agents. “N.A.R. states that 87% of all agents fail and get out of the business within the first five years of their career”. What is more important to us is why agents fail in this business within their first five years?
Top Five Ways Agents Fail in Real Estate
1) No Planning & No Strategies
My good friend Joe Niego said “So many agents aim for nothing and hit it with amazing accuracy!” I can’t tell you how many agents we see that don’t have a simple business plan and marketing strategies on how much, of what and by when the activities they need to accomplish their goal personally and professionally. Know and commit to the right activities!
2) Fail To Attract Enough Leads
Having enough buyer and seller leads simply comes out of having enough lead generation funnels. Agents try one funnel a little bit and it doesn’t work and dump it. Try another a bit and dump that. In order to have enough buyer and seller leads agents need a minimum of 4 lead generation funnels in their business at a time. So what are the better funnels Wade? The Core Four in our business:
a) Database touches 28-36 touches a year to your database
b) Open house where they come to you and meet you and tell if they like and trust you.
c ) Geographic farm where it is better to be an expert and niche at something rather than average at everything in real estate.
d ) Online leads are the quick and easy way to get you started and top you and your business up regularly.
3) Poor Conversion
LGT “Let’s Get Together” is the single most important activity and knowing what to say and how to say it starts the conversion. Get the consumers attention by asking about their challenges and fears in today’s market place and then invite them to meet with you and hear your solutions to their challenges in today’s market place. Don’t just give them what they want so easily so they are like a fish that you bring right to the boat and they wink and spit the hook out and just swim away!
4) No or Poor Service
Follow up, Follow up, Follow up. If they are a hot lead follow up every 2-3 days, a warm lead follow up every 2-3 weeks. Always do more so you will under promise and over deliver every time! As agents we want to be “insisted” and not recommended and we get insisted by delivering the unexpected and wowing and awing the customer every time! Serve, follow up, wow and awe them and create raving lunatic fans of you and your business.
5) Run Out Of Money
Income must exceed the expenses and the key to real estate success is Profit! We need to spend money to make money but more important we need to track and measure our return on investment with every dollar we spend. It amazes me how many agents don’t even know what the minimum amount of money they need to survive at home monthly or at work monthly is? What your life costs plus what your business costs plus profit equals your annual income goal! Profitability is not a bad word.
So there you have it the top five reasons why agents fail 87% of the time within the first five years in the business. I dare you to take each of these items and sit down and build a strategy and plan to ensure your success and defy the real estate success odds!
The real estate market is always changing and there is one trend that continues to be getting stronger every year. As you already know the power of a real estate team can always outperform an individual just by sheer numbers. Here’s your all in one guide to teams in real estate. Let’s begin by looking at the different team models in real estate first. Teams are an amazing way to leverage time and resources. In my nearly 24 years of experience and coaching super star agents like you, I’ve noticed there are four different types of teams in real estate.
1. The Accidental Team – The accidental team isn’t really a team in the traditional sense… This is just a group of people in the same office that all do the same thing and started selling together. Think of this as more like a bunch of sales people without anyone to run the operational side of the business. They do this for comradery, accountability and maybe even sharing in costs and work load with one another.
2. The Real Estate Family Team – You’ve probably seen a family team and they are very popular. Although everyone is related, roles aren’t clearly defined across as to who is doing what… Also, family teams usually have to put the business on hold when they all go on vacation. Not an easy task to work with your spouse, in law, parent or relative in the real estate world especially when things get crazy and the pressure and stress is rising.
3. The Guru and The Minion Team – I’m sure you’ve met the “guru” agent leading the team of minions. The guru agent is great at what they do, but they are huge control freaks! Have a fairly large ego and opinion of themselves. These are the types of teams where burn out is common and people are always coming and going. The guru can be tough to work with and they are usually the kind of person that doesn’t play well with others.
4. The Business Builder Team – There are some super star agents out there who know their stuff and hire a team to help support them in the other areas of their business. They realize with a team they can grow the potential of the business exponentially. Leverage, systems, processes and multi-talented team members equal mega success. This is because the business builder knows the team is the vehicle to maximize everyone’s strengths to even better serve the customer and take the business to the next level.
So Why a team? You can build something repeatable, scalable and something tangible business you can sell! Whether you are looking to start your team with just an assistant or take on five or six people to build your team, you need to remember one thing… Have you ever seen one of those Russian nesting dolls? It is a big doll that splits in half and there is another doll inside that is a little bit smaller.
This keeps going several more times with the dolls getting smaller in size. I bring this doll up because this is what most people think hiring a team is… The ego and desire to feel important causes many agents to hire someone smaller than them. If you want to achieve massive success in your business you’ve got to add super stars to your team who are committed to doing big things. This means not hiring based on ego, but instead finding the people who think and perform big and are dedicated to growing the business.
Friday night I popped a bowl of popcorn and poured myself an ice cold diet coke, turned on Netflix and sunk into my favorite black chair in the living room. It was bliss. My day started at 6:00AM with my morning routine, followed by a coaching client at 7AM, meetings, calls, emails, training at the gym with my trainer, groceries, dinner. Then finished with my oldest daughter calling to say she is moving out on her own and could she get some financial help. Back at the home front, doing nothing was looking pretty good. In our world of pop-up notifications, 24/7 Facebook “news” feed, and To-Do list apps that help you organize all the tasks you’re going to procrastinate about, it’s time to enjoy doing… nothing. First, the why.
WHY YOU NEED TO DO NOTHING
We live in a Fitbit, To-Do, pack-it-in, life-is-short, ROI world. And it’s not how we were designed. Sure, we all value initiative, hard work and results – pillars of modern society. But, here’s the rub: Being busy, always working, and struggling to achieve more will inevitably back-fire. I know – I’ve been there. When I launched my coaching programs three years ago it felt like I’d taken on a mountain of work ON TOP of the mountain I already had. Yes, I wanted to get coaching off the ground. The problem is I hadn’t changed my behavior or taken anything off my plate. I was running with the errant thought “I’ll just find a way to make it happen.”
Within weeks I was sloughing through 12 hour days and feeling like I was back in the real estate sales, cranking out back-to-back listings and sales and living on drive-through meals and coffee. The only difference was I was 25 years older, didn’t drink coffee and only frequented drive-throughs in moments of weakness. What I needed was down time—an appreciation for doing nothing. I was ignoring the warning bells telling me a break from my knee-jerk workaholic disease would be good medicine and not a waste of time. Sometimes, doing nothing is the best medicine. It helped me to understand we are designed to hunt and hibernate.
WHY DOING NOTHING IS REALLY DOING SOMETHING
We are designed to hunt and hibernate. Work hard, overcome resistance, make stuff happen and then… rest. It’s the cycle all athletes build their performance on. You should as well. When you’re in hunt mode, your brain fires off the hormone Cortisol (along with Adrenaline) to get bursts of energy, reduce sensitivity to pain – even improve your memory. And then you need to chill. Prolonged periods of stress, keeps Cortisol levels up and can lead to decreased cognitive performance, higher blood pressure, decreased bone density, increased fat and hair loss (I added that one)…need I go on? So, while hunting is good, hibernating is even better. When you put the two together you have a perfect duo for long-term productivity and a healthy life.
ENTER THE RELAXATION RESPONSE
Forty years ago, cardiologist Herbert Benson (and founder of Harvard’s Mind/Body Medical Institute) made something old new again. He recognized that with a simple breathing exercise, muscles relax, organs slow down, and blood flow increases to the brain. A perfect trifecta of good health. Effective breathing triggers the body to return to a pre-stress state and allows it to heal.
The Relaxation Response was more designed for disease prevention and cure (as a side note, Benson first published his results in the American Journal of Psychology with the mouthful of a title “A wakeful hypo metabolic physiologic state”) – Benson would document impressive results for conditions, such as: fibromyalgia, gastrointestinal ailments, insomnia, hypertension and anxiety disorders (but not hair loss). Good old, daily relaxation is actually good medicine for anyone’s health. Let’s look at 5 easy ways to get started (even if you’re a high achiever and hate the lotus position).
INSTRUCTIONS FOR THE HIGH ACHIEVER
Someone wisely once said “Advice is cheap – doing is what takes work”. My recommendations will take some work – the good news is, not very much. The Clutter Cleanse takes 5 minutes (every week), Zone Out 3 minutes, Escape into a novel 15. You’re probably spending more time reading about happy people leading wonderful lives on Facebook every day than it will take to complete any one of these practices.
Here are 5 ways of doing nothing and making it a natural part of everyday, just like brushing your teeth and syncing your Fitbit.
#1 Do a Clutter Cleanse.
This is a no brainer – reducing clutter increases brain capacity. Think of it this way: when you see something “unfinished”, like a half-read book, sticky note, orphan computer cable, or client file, you’ll think about it. “I should deal with that.” “Ugh, not now…I’m swamped.” “Right. I’ll get to it tomorrow.” “Yup, that’s it – tomorrow.” ….and on it goes for weeks.
#2 Zone Out
Here’s a simple 3 minute mind-break for midday. Zone out. Start by picking one object (like a pen, or coffee cup) and giving it all your attention. Focus on slowing your breathing and enjoying a full exhale/inhale rhythm. Let the rest of your attention fall away. It’s like a mini-vacation from thinking and doing – I always feel more relaxed and ready to focus on the next task.
#3 Escape into a novel
I love having a fun who-done-it on the go for some mindless mental entertainment. In fact, knowing I have a great read waiting is a good incentive for me to shut down whatever I’ve been working and to start wrapping up my day. Fifteen minutes before bed is all it takes to make you feel you own your day.
#4 Build Your Unplugged Habit
Use line-ups for coffee, waiting for the bus, or time before a meeting starts to unplug, chill, and restore. Fidgeting with your phone won’t help – there’s lots of time for that. Gaps in your day are invitations to unplug, allow, and re-balance – take them.
#5 Get Into Nature
It’s so simple, but we ignore it – take a walk in nature. Even a patch of green behind your subdivision is all it takes to allow the world to drop away and to recover a sense of belonging and peace. In one study researchers found that even after just one long walk in nature volunteers were more attentive and happier.
Doing nothing might sound counter-productive – even bizarre. But it might just be the most powerful weapon you develop against an already-busy life. Like runners who jog between hard intervals, we all need to pause if we want to show up at 100%, fully present and ready to contribute.
Bonus Tip:
4 STEPS TO RELAXATION
Following is the Relaxation Response technique taken directly from Benson’s book The Relaxation Response:
1. Sit quietly in a comfortable position.
2. Close your eyes.
3. Deeply relax all your muscles, beginning at your feet and progressing up to your face. Keep them relaxed. If you struggle to quiet your thoughts, try starting by relaxing your tongue.
4. Breathe through your nose. Become aware of your breathing. As you breathe out, say the word “one” silently to yourself. For example, breathe in, and then out, and say “one”, in and out, and repeat “one.” Breathe easily and naturally.
Continue for 10 to 20 minutes. You may open your eyes to check the time, but do not use an alarm. When you finish, sit quietly for several minutes, at first with your eyes closed and later with your eyes opened. Do not stand up for a few minutes. Don’t worry about whether you are successful in achieving a deep level of relaxation. Maintain a passive attitude and permit relaxation to occur at its own pace. When distracting thoughts occur, try to ignore them by not dwelling upon them and return to repeating “one.” With practice, the response should come with little effort. Practice the technique once or twice daily, but not within two hours after any meal, since the digestive processes seem to interfere with the elicitation of the Relaxation Response.
I love to see what is happening in real estate in other countries and where we are going with real estate innovations when it comes to marketing. This week’s content is a great taste of what we are seeing in other parts of the world and what we are seeing to innovate our own real estate marketing in 2017.
REAL ESTATE MARKETING INNOVATION #1
Business Models…
*Portugal – Average transaction commission is 3%. Exclusive listings only. No Office cooperation with one another at all
*France – Average transaction commission is 5-7%. Mandatory posting of your commissions displayed in your office window to the public. Just starting to cooperate with one another. Social interaction is key to their culture.
*Belgium – Average agent in the Netherlands do 35-40 ends a year and the top solo agent did 290 ends in a year. Buyer comes in, they tell you, you show them and they buy it! Social interaction with a consumer is an insult and complete waste of their time.
*Turkey – Completely unregulated profession and now just starting to see large franchises moving into the country to increase professionalism. Consumer is actually willing to pay more with a franchise because of the perception of professionalism vs. haggling culture.
REAL ESTATE MARKETING INNOVATION #2
Augmented Reality…
Phone technology that allows the consumer to scan over properties and the properties listed for sale pop up as you scan over through the phone. Click on the pop up on your phone and get all the details of the listing immediately. You can also take static real estate marketing piece and bring it to life.
Dedicated Property Sites or Personalized Seller Sites…
REAL ESTATE MARKETING INNOVATION #5
Single Property Websites…
This concept has been around for a few years now where the seller has a dedicated website for their property. ( Example www.1234maplestreet.com )The key to lead capturing using this marketing tool is to provide different photos, details, videos, neighborhood information, documents etc. in this platform that you don’t offer on the MLS listing platform and get them to enter their contact information to login and see all the extras you have on the property on the single property website.
REAL ESTATE MARKETING INNOVATION #6
Virtual Home Staging…
Computer enhanced virtual staging helps the consumer see the potential in the properties.
REAL ESTATE MARKETING INNOVATION #7
Seller Follow Up…
One of the biggest complaints we hear from sellers is that they listed with an agent and never heard from them again.
E Suivit – Electronic Follow Up ( France ) Online seller communication platform providing stats, feedback, showings, marketing etc.
· Seller sees all the buyers and contacts the agent that their home is a match and will sell
REAL ESTATE MARKETING INNOVATION #10
Seller Concierge Services…
3 year client follow up concierge service. $220 / Year
I hope to start seeing uses of these real estate marketing innovations popping up as you begin testing and implementing them in your own areas of business.
3 Reviews to Increase Your Real Estate Biz in 2017
As we head into the final month of 2016, for most of us, there will be some “downtime”. Downtime driven by both the holiday season, as well as a general slowdown of activity, especially after the first two weeks of December. This is an ideal time to start planning for 2017. I have honed a process for preparing for the New Year. There are 3 reviews you need to complete before you can set a path for growth of your real estate biz in 2017. The three reviews include your transaction history, your prospecting efforts, and your personal marketing efforts.
Review Your Real Estate Business Transaction History
Where do we start? We start with the past, we start with the review of what you’ve done financially, the actual transactions that you’ve completed, and all the elements associated with those opportunities.
Once you understand where you are, you can identify where you are going. Ask yourself, what was your average deal size last year, the year before that, the year since then? What clients did you work with? Which clients were the most attractive to you, both now and in the future? What were the average size deal with those clients provided for you? Where did you get those clients? What was the source? Was it a prospect call? Was it a website, off a lead, a company referral? Was it the same clients? Where were those clients and opportunities located? What market are you best to focus on moving forward? What product type have you really been successful for in the past and what product type is best for you moving forward?
Review Your Prospecting Efforts as a REALTOR
What was your financial goal for net income goal for 2016? Money that you take home for you and your family. That’s something we really care about. What did you achieve, and what was the goal? Hopefully it was greater than your goal. If it was less than your goal, maybe you set too high of a goal. I love goals that push you, but be careful so they don’t demotivate. How many exclusives did you secure? How many listings you got went to closings? You want to explore that. Make sure you understand some of the ratios financially of your meetings, to listings, listings, to close. Look at the numbers. Look back on your efforts last year, and see where those are. Define your average gross commission income. What was your average net commission per closing? Of the listings/representations/assignments you secured, how many were unsuccessful?
When it comes to your clients, think about your top five clients. When I say top five, people go, “Okay so these five made the most money for me, they’re my top five.” Fine. That’s how you want to define top five, look at it that way. Some say, “No, top five really means those that provided me, and will provide me the greatest opportunities moving forward.” In 2016, this may have been one deal, but it’s going to lead to more deals down the road. That’s going to be a top client for you, or a client that always gives you multiple opportunities. Same client opportunities, or refers you. All they did is one or two deals with you maybe historically, yet they’re one of your raving fans. Therefore, they’re your top client. Identify your five top clients based on your parameters.
Finally look at your prospecting efforts. Prospecting is a disciplined act of asking for business. Think about what you did to specifically ask for business. Look back at some of the quantitative, and qualitative aspects of your prospecting. How many prospecting meetings did you hold in 2016? How many calls to you attempt vs. complete, and how many prospect letters (not emails) did you send?
Review Your Personal Marketing Efforts
Prospecting is hard enough when folks know you, or at least heard of your company. Prospecting without a personal presence is downright difficult. Your personal marketing efforts will reflect strongly on you prospecting results. I always focus on three elements of presence, or personal marketing. Personal, Physical, and Digital. Upon your review of your personal marketing efforts in 2016, ask yourself how many personal meetings did you have from a marketing perspective? These are meetings to get to know people. These are not prospecting meetings. These are relationship building opportunities. Maybe it was going to a conference, or going for a drink with the guys, or whatever it might be. How many personal marketing meetings did you hold? Look back at your calendar. This is vital to growing in 2017. Physical marketing efforts consist of tangible items you have mailed, gifted or sent. From the physical side, mailing side, how many times did you mail out? How many times did you send out post cards, or flyers. How many gifts did you send, or articles you shared. Again, look at your calendar, look at your marketing efforts, look at your budget, look at your expenses.
Lastly, think about the digital side. Yes, the tweeting, the blogging, the LinkedIn groups, Facebook interactions, that you actually participate in. Just because you’re a member of a LinkedIn group, and you never participate that does not count. That’s probably 95% of folks out there. Think about the digital efforts. What did you do digitally? Even e-mail blasts, and newsletters.
As noted, the first step in any process of change is always the biggest. Reviewing your transactional history, prospecting efforts and personal marketing activities will take you some time. Potentially several days. But don’t forget you will have several days of “downtime” in the weeks ahead. You can either review and then implement change, or simply do what you have always done in the past. You know, and we know that positive change, and income growth, are not products of simply doing the same thing year after year.
Commit to making 2017 your best year as a REALTOR ever. I dare you!
The #1 objection all agents are getting from real estate buyers and sellers is “we are waiting until spring.” So having the ability to change how the buyer and seller feels about waiting to buy or sell until the spring is imperative to your winter real estate success!! The fact of the matter is, the reasons and myths are endless so it’s our job as REALTORS® to be equipped with facts and a strong reality check to combat these reasons we hear every day. To help you through the winter season I put together some of the top reasons a client would want to choose this time of year to buy, sell and list a home.
Top Reasons to Sell Real Estate Over The Winter
#1 – Only Serious Buyers Looking
• Yes there are fewer buyers, but those buyers are usually very SERIOUS about making a purchase or many HAVE to make a purchase. Who else would want to look at buying during the winter?
#2 – Less Listing Competition
• Most sellers wait until the spring or summer to list, so your home will have far less competition
• Spring = Greater supply = Same Demand = Less Money
#3 – January is the Biggest Corporate Transfer Month
• More corporate relocation moves happen during January than any other time of the year.
• Catch the corporate relocation buyers while you can.
#4 – High Attentive Efficient Customer Service
• By putting the home on the market during the winter you experience better, personal and faster customer service from movers, lawyers, banks, insurance providers etc. Listing realtors have more time to better serve their sellers and get all the marketing strategies in place.
#5 – More Time to Get Top Dollar
• By starting to market your home early, you may be able to secure a higher price with more listing exposure time. This season allows a seller to not be in a rush to sell and allow for more market exposure time and ultimately generate a higher price than in the spring.
#6 – Time to Sell Now, Buy In The Spring
• If your home sells quickly, you will be able to shop for your next home during the winter, a great time to find a bargain!
• More time to look and not pressure to shop and beat the other buyers. Sell first and then buy in the spring when the inventory and selection begins to rise for you when you are the buyer.
#7 – Stand Out in a Smaller Crowd
• Most REALTORS® and offices have less inventory during the winter, enabling your home to stand out even more.
• Less marketing noise out there for the buyers and they see your home with ease now.
#8 – 20% of Homes Sold During the Winter
• Buyers and Sellers are usually quite motivated to get the transaction completed. We still have 20% of the business in the year occurring during the winter.
• This can mean less price haggling and fewer hassles during the process.
#9 – Non-Contingent (Subject to the sale) Buying
• By selling now, you may have an opportunity to be a non-contingent buyer during the spring, when more houses are on the market!
• Less “subject to the sale” offers from buyers and you are not one of them when you are buying your next home.
#10 – No Yard Work When It’s Snows
• Great time for a home that needs a yard make over to sell.
• No need to worry about your yard work. Snow makes it look fresh and white.
BONUS…..
#11 – Buyers Time Everything Too
• Buyers begin the search and purchase for spring moves in January, February.
• Busy move times are March Spring Break, April Easter, May long weekend and July long weekends
#13 – No Pricing Wars With Others
• Less choice for buyers means less sellers to play pricing against each other
• Buyers will often make more concession in their buying decision with less choice
#14 – Holiday Magic Show Time
• Property shows well, almost staged with holiday décor adding to the ambiance
• Tis the season for your home to shine!
#15 – Higher Quality Showings
• Little chance of quick showings and not being prepared to show your home
• Easier time of year to make appointments and give sellers advance notice.
• Higher quality showings
#16 – Right Buyer, Right Time
• The odds are the same for the right buyer looking at your home regardless of the season.
• Right buyer, right time, right home
Top 10 Reasons to Buy Over The Winter
#1 – Little Or No Competing Offers
• Little or no chance of multiple or competing offers for the buyer during this time of year
#2 – Buyers Receive Better Customer Service
• Better service from all service providers like the agents, banks, insurers etc. Not as busy now.
#3 – Seller Motivation Increases
• Sellers motivated at this time of year if still trying to sell from summer or fall.
· Sellers willing to negotiate, been on the market for some time now. Give and take.
#4 – Expired Listings Available Now
• Buyers can shop the expired listings market, which has the largest selection this time of the year.
#5 – Better Closing Options
• Good time of year to make an offer and do the due diligence, buyers can move quickly now or slower in the spring if not in a rush.
#6 – Alternative Housing Options
• Easier for sellers to find alternative housing, not as much pressure finding a rental vs. the really busy spring and summer season.
#7 – Subject to the Sale Acceptable
• Great time for buyers to make contingent “Subject to the Sale” offers and get them accepted and movement on the price.
#8 – Better Available Moving Services
• Easier time for a buyer to move and find help and services like movers, cleaners, storage.
#9 – Smoother Mistake Free Completions
• Better timing for buyers on completions with lawyers, banks land registry. Not that busy and time to attend to you now.
#10 – Buyer Competition Lower
• Less competition for the same property from other buyers on the deals that pop up this time of year.
Now that you’re equipped with ammo to overcome any objection, debunk the myths and go out there and list and sell some real estate this winter season
One of the things I ran into when I first started really talking about staging houseswith sellers was I discovered I could get a listing against a lot of agents who were better than me — when I say “better,” I mean who were bigger producers than me. This would happen because when they would talk about staging the house they would tell the seller, “Okay, you need to do this, you need to do this, you need to do this,” they would actually put off the seller. They would often make the seller mad because the seller felt the agent was coming in and telling them to spend all this money and do all this work, and the agent was trying to boss them around. They’re going, “This is my house, and I felt like they were coming in telling me they weren’t going to list the house or it wasn’t going to sell well if I didn’t do all this work and put all this money into it.” The seller actually took it personally and decided they didn’t like the agent. Of course, the agent was trying to help them get the property prepared in a way that really works.
Now, when I first started selling real estate back in the 1990s, staging was not nearly as important as it is today. In fact, when I first started selling real estate back in 1993, staging was not even something I was trained on. It was not something in the training I went through, and I was with one of the number one companies in the world and they never talked about staging, really.
Some things have changed in the last 15 years that have made a dramatic impact on the importance of staging a house and getting it really market-ready.
2 Things that Have Increased the Importance of Real Estate Home Staging
Number one: Pinterest – Here’s the reality. Every lady, before she buys a house, she spends weeks, if not months, spending all of her free time looking at Pinterest pictures. They spend an hour at night sitting in bed looking at Pinterest, looking at all the cool pictures. What kind of pictures are they looking at? What kind of houses are they looking at? What kind of kitchens and bedrooms and master bathrooms are they looking at? They’re not looking at the fixers. They’re looking at the perfectly staged, perfectly designed, perfectly laid out, professionally decorated, perfect dream homes. Dream kitchens, dream closets, dream bathrooms, dream master bedrooms, dream backyards, dream front yards, dream flowerbeds. I mean, all of it is like, the dream, and that’s what they’re spoiled with. They’re like, “I want that! I want it!” It’s like a little kid. “I want that!”
Number Two: HGTV – If you watch HGTV you will know most of the shows are on real estate, and most of them are about people taking and finding an ugly house and making it a beautiful house. When they’re done, they’re looking at this gorgeous home and it’s perfectly decked out. Everything’s up to date, everything’s modern, everything has custom, professional interior designers that have come in and made everything match, and it just looks fabulous. They spend all their time watching this, and so they get in their mind, “That’s the house that I want!”
Today, when you’re showing houses, if the house is ugly, it will still sell, but it sells for less because people say, “That’s a fixer,” and they want to get a big time discount if a house doesn’t show perfect.
A vacant house? Oh my goodness… Vacant houses, used to not be a big deal. But now, a vacant house looks unloved. It looks unlived in. It doesn’t feel like a home.
Because buyers are so used to seeing the pictures on Pinterest and on HGTV and on all the other places, social media and on the internet, because they’re so used to that, people have a higher expectation of what they want their new home to look like. All of a sudden, (maybe not all of a sudden, but over time), staging has become a critical part of, not only the high end but even of bread and butter homes… the better a house shows, the more like a model home it shows, the better off it’s going to sell and for a closer to premium price.
25 Staging Tips To Win More Listings and Sell Listings For More:
1) Grimy bathroom walls are a major red flag to buyers. Here is an easy way to get rid of surface mold: Mix a spray bottle with one part water and one part bleach. Just spray it on the wall, and watch the mold disappear. Give it a fresh coat of paint, and your grimy bathroom will go from red flag to red-hot.
2) Don’t replace a yucky shower door: Just scour it. A grimy glass shower door can really wash out your sale. Instead of replacing it, clean it with a mixture of one part muriatic acid and about 10 parts water. Scrub with steel wool. After wiping it down, reinstall the door and you’ll have a shower that’ll help you clean up at the open house.
3) Avoid dated tile by painting. Bathrooms sell houses, but dated tile in a bathroom doesn’t. A low-cost alternative to replacing the tile is to use paint. First coat the tiles with a high-adhesion primer. Next, brush on a special ceramic epoxy covering. For a fraction of the cost of new tile, you will have an up-to-date bathroom that brings in big bucks.
4) A master bedroom should appeal to both sexes. When you are selling, your master bedroom should appeal to buyers of both sexes. Get rid of features that seem too gender-specific. Paint the walls a neutral color, and choose bedding that matches. Then accessorize with items that complement the overall color scheme.
5) Do you have an overpowering brick fireplace that sticks out like a sore thumb? Here’s an easy way to tone it down with paint. Use a rag or brush to rub a light coat of paint on the bricks, one at a time. This will give them a new tone without covering them completely. And, if you use a paint color that matches the walls, your fireplace will go from sticking out to standing out. Updating an old fireplace screen is a cheap (and quick) fix. After removing the screen and wiping it down to get rid of the dust, mask off the windows so you won’t get paint on them. Then, using a can of heat-resistant spray paint, give the screen a facelift. Hold the can about 18 inches away, and use long, even strokes. For less than $5, you will have a fireplace screen that’ll keep your sale from going up in smoke.
6) Stain dated kitchen cabinets instead of replacing them. Dated kitchen cabinets can be a big turnoff to potential buyers. Instead of paying big bucks to replace them, just stain them. First, apply the stain in even strokes, going with the grain of the wood. Add some stylish hardware, and your kitchen will have the up-to-date look that buyers love, for less than $200.
7) Stainless-steel appliances are definitely in with buyers. Instead of buying a new dishwasher, here is a low-cost way to resurface an old one: First, remove the front panels, and clean them. Next, apply a stainless-steel stick-on covering, and cut it to size. For just $20 your dishwasher will go from outdated to ultra-modern.
8) Fill existing hardware holes instead of making new, unsightly ones. Removing old kitchen hardware can leave your cabinets with stripped-out holes. Here is a trick to reusing the existing ones. First, dip a toothpick in glue and place it in the stripped hole. Cut off the excess piece. Once the glue dries, you’ll be ready to put in the hardware that buyers love.
9) Save money on granite countertops. Granite countertops are a huge selling feature, but they can be expensive. Here are a few ways to save on this investment: First, do the demo yourself. Also, ask the vendor for remnants from previous projects. Remember, any money you spend will definitely be returned in the value these beautiful counters add to your kitchen.
10) New kitchen appliances bring high returns from sellers. Studies show that new kitchen appliances bring high returns from sellers, so get rid of old appliances that make the rest of the kitchen look dated. Once you install the new equipment, it will scream “new kitchen,” and you will see that spending a little money will make you even more.
11) Need to dress up a window but don’t want to shell out big bucks for window treatments? Here’s a trick: Use place mats. First, apply a hook-and-loop fastener to the place mats and attach them in a row to a basic curtain rod. Now that the place mats are attached to the curtain rods, pin them together at the bottom, and you’ll have a stylish valance that costs about $12.
12) Adding drama to old hardwood flooring is easier than you might think. First, isolate damaged boards, cut them out and replace them with new pieces. Rent a sander from a local hardware store, and give the floor a good sanding. The last step is to stain the boards with a rich color, and watch your floor go from drab to dramatic in no time.
13) Buyers love built-in bookshelves. There’s a fine line between filling them with clutter and staging them to sell. The trick is to arrange neutral items in clusters. Make sure that no single accessory stands out too much. That way, you’ll show off your attractive built-ins, and not your personal belongings.
14) Curb appeal is vital to attracting buyers. Here is how to stop traffic using color. First, with two tones of paint, add a faux finish to any corner keystones. Next, bring out the color of walkway pavers using a stone sealer. Plant flowers in bloom, and you’ll have buyers swarming like bees to your front door.
15) A nice outdoor deck can be a big selling feature, but an old one is a major liability. To give your outdoor space new life, first sand the wood. Cover it with a light-colored stain instead of paint to give it a rustic, grainy look. Furnish it for entertaining, and watch your open house turn into a party.
16) Breathe new life into a worn patio. Do you have a red-brick patio surface that needs to be freshened up? Here is an easy way to give it new life with paint. First, roll a light coat of paint onto the bricks. Next, lightly spray them with water and then dab them before they dry to give them an outdoor look. When you are done, you will have a patio that looks fresh and reels in buyers.
17) Staging rooms to show off their true potential is essential when selling your home. Clear out clutter or other personal items that will distract buyers. Paint the walls a neutral tone, and furnish the space to show off how functional it is. When buyers come through and imagine themselves there, you can bet an offer isn’t far behind.
18) A shabby wood-panel wall is not a strong selling point. Instead of ripping it out, cover it up. Use wood filler to carefully fill in all the cracks between the panels. Then, use a sponge to wipe away the excess filler. Once it’s dry, paint the room. You’ll see an unattractive wall go from standing out to blending in.
19) Use tape outlines on the floor instead of actually moving furniture around. Rearranging a room to stage it for your open house? Here is a tip to save time and effort: Instead of lugging the heavy furniture around the room to see what feels best, put outlines on the floor with painter’s tape. Arrange the room according to your outlines, and save your energy for counting offers.
20) Vinyl tile is an inexpensive way to update your home. Laying vinyl tile is an inexpensive way to update your home, but there’s a right way and a wrong way to do it. You need to avoid laying patterns that look too perfect. Instead, make sure to switch up the direction and placement of the tiles to mix the tones. That way, you end up with a floor that has a natural feel.
21) Stage rooms with one purpose so buyers will know what it is. Potential buyers are confused by extra rooms that have a mishmash of uses. To avoid this problem, first clear away clutter and excess furniture. Paint the walls a neutral tone and then furnish the room with a desk to stage it as a home office in which buyers will want to get down to business.
22) Unpleasant pet odors won’t win over buyers. We all love our pets, but unpleasant pet odors can make a negative first impression. Be sure to get rid of old carpet that can trap offensive smells. Replace it with fresh new carpet in a neutral color. Plus, if you paint the walls to match, your living room will look bigger. It’ll go from designed to smell to designed to sell.
23) Pack up unnecessary items and furniture before you show the house. An over packed living room is a red flag to buyers that your home lacks storage space. Pack up unnecessary items and furniture, and move items to your garage or a nearby storage facility. Clear the way for a sale by letting buyers see your square footage, not your personal belongings.
24) Storage space sells! Potential buyers love homes that have lots of storage space. Since they will open your closets, it’s a good idea to clear out unnecessary clutter, and organize your shelves to show off how much storage you really have. Plus, it gives you a chance to start packing, as you will definitely be moving once buyers see all that closet space.
25) Create a nice flow in your rooms. Buyers are attracted to homes that have a good flow. You can create circulation by replacing square or rectangular dining tables with round ones. Cutting the corners adds room to this maneuver and creates a spinoff effect that adds flow to your home — cash flow, that is. Create a better flow in the house by starting with the floor. Want to create better flow in your house? Start with the floor. Join two rooms together by using the most cost-efficient material in the book: vinyl tile. First, use a snap-line to create a center point between the two rooms. Next, the fun part: Peel and stick the new vinyl tile down, and watch your kitchen and dining room go from old to sold!
So there you have some easy and affordable ways to stage a listing and beat other agents to a listing and sell the listing for more. Take these tips and create your own staging booklet or report as a listing tool with sellers and beat out the competition and sell your listings for more. I dare ya!!