Tips for a Successful Year in Real Estate Part #2
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Tips to Have a Successful Year in Real Estate – Part 2
1. Technology – Real estate agents who want to gain an edge on their competition can use technology to help market their business and run it effectively, and with success. Every agent needs a website with a search engine optimizer (SEO), a customer relations management system (CRM) that allows the agent to keep track and follow-up with all clients and leads (Top Producer or Realvovle), electronic signing capability (Docusign), calendar and task management (Calendly), a strong presence on social media platforms (Facebook, Instagram, and Pintrest), video apps (Clips or Animoto), ads online and social media (Adwerx), a blog with consistent content (Blogger), a transaction management system (Dotloop), email campaigns (Mailchimp or Constant Contact), marketing resource (Canva), and file storage or sharing (Dropbox or Google Docs). Choosing the right technology will provide more leads and will keep an agent on task and organized.
2. Video – Videos are an effective way to capture attention, promote brand awareness, and increase conversions. Videos can be created on a smart phone and posted directly on a website or social media page. They can be used to connect with followers, past clients, local community, and prospective buyers and sellers. Examples include; virtual tours, aerial views of a community, market updates, video testimonials, intros to a website or social media page, just sold videos, announcements, or question and answers on the home buying or selling process. The more video is used, the easier it’ll be to master the art, and build a real estate brand and business.
3. Maximize Zillow – An agent needs to have a completed Zillow profile to stay competitive. This includes an About Me section with contact information, agent photo, bio, service areas, specialties, links to a profile video, social media accounts, website, and blog, and that all past sales are confirmed and posted. An agent will need at least five reviews to get the green star next to their name and to get maximize exposure for prospective buyers and sellers.
4. Blogs - Blogs should be part of a real estate agent’s online presence so the agent can share information and become a resource for buyers, sellers, and homeowners. Blogs can have a mix of evergreen content that is relevant and interesting and does not become dated, and topical content, which is more current and relevant. Photos or graphics are key and the more useful the content and time put into creating and maintaining the blog, the more likely it will be read and shared, and the more the agent will be recognized.
5. Buyer Leads - Whether an agent gets leads from repeat business, referrals, open houses, or they buy leads; leads are what grows a real estate business. Floor time, open houses, online presence, events, and advertising are ways to get buyers. Agents can also purchase buyer leads from the dozens of websites where an agent either buys a portion of a zip code or buys a specific number of leads. The most important thing to remember with all leads, is to respond as quickly as possible to every contact and to continually follow-up.
6. Seller Leads - Seller leads come from repeat business, referrals, advertising, a strong online presence, expired listings, for sale by owner listings, cold-calling, and farming. Repeat business and referrals through word of mouth or recommendations come from excellent customer service and continual follow-up with past clients. Follow-up and farming can include market updates, newsletters, just listed and just sold, appreciation gifts or parties, or holiday announcements that can be accomplished via email, direct mail, social media, drop-bys, or target advertising. The key to seller leads, especially in a specific community or neighborhood, is to become a local expert. Listings are key to any real estate agent’s success.
7. Marketing Plan – A marketing plan should provide details on what steps the agent will take to get the client’s property sold, They can include whether the agent will offer professional photos, drone photos, or a video, places the home will be marketed and advertised like online websites, newspapers, magazines, or social media posts or ads, email marketing or blasts, open houses, or print materials such as; brochures, postcards, door hangers, or flyers. Besides price and commission, sellers want to know what their agent is going to do to get their home sold and how they will communicate with them.
8. Listing & Buyer Presentations – It’s important for an agent to be prepared when going on a listing appointment with a listing presentation whether in print, power point, or video. The agent should know all the details of the property, the sales history, and the condition. A listing packet should be provided after the presentation and include a detailed comparative market analysis (CMA), a marketing plan, samples of the agent’s advertising, information about the agent and the company’s achievements and awards, information about the selling process, and a listing agreement. A buyer packet should include information about the agent and company, printouts with photos of the homes the buyer will be shown, information about the local community, and the buying process. Buyer packets can be provided when meeting a buyer for the first time or at an open house. It’s a good idea to have the listing presentation prepared beforehand and to have five to ten listing and buyer packets ensembled so when a call or email comes in, the agent’s ready.
9. Open Houses – Open houses are a cost-effective way to break into a local community, get their name recognized, obtain buyer and seller leads, and allow listing agents to see what buyers are saying about the home and the price to provide feedback to the seller. The open house should be listed in the MLS, can be posted and advertised on social media, postcards or flyers sent or dropped off to surrounding neighbors, enough brochures to hand out, information about the community, buyer packets, and recent comps. It’s best if the seller is not present during the open house, but try to do the open house with another agent or lender, and take precautions to stay safe.
10. Referrals – Referrals are essential for repeat and new business. The best way to get referrals is to provide excellent and consistent services to clients, demonstrate appreciation such as thank you cards or closing gifts, maintain relationship with clients and leads with continual follow-up, and give away branded materials. Referrals from other agents can be achieved by having a strong social media presence, joining real estate groups off and online, and networking with other realtors.
11. Continuing Education - The best way to stay up-to-date with changes in the industry is through continuing education. Take advantage of office trainings, trainings at the board, or franchise offered trainings. There are dozens of designations that agents can obtain by taking specific courses to become a specialist like a buyer or seller’s agent, a short sale and foreclosure expert, a first-time home buyer or senior expert. Designations are a way to make an agent’s services stand out and help a specific group of buyers or sellers.
12. Accountability - Mentorship - Coaching – Accountability is key to any real estate agent’s success whether that’s with a mentor, a real estate or life coach, or an accountability partner who are all excellent resources where an agent can ask questions, get different perspectives, or learn new ways to get leads or stay connected with clients. Every agent wants to grow their business and a coach or mentor can help an agent stay on track, identify weaknesses and strengths, remain motivated, and master the skills to become a top producing agent.
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