Archive for the ‘Real Estate’ Category

More Important Than Your Business Plan

Tuesday, June 22nd, 2010

Question: What could be more important than your business plan?

Answer: Your habits.

An Agent’s daily and weekly habits are more important than the quality of their business plan. Both, plan and habits are best. But of the two, habits rule.

Consider these two Agents. Which would you rather be?

Amy Agent has a great plan and lousy habits. She is really excited about her plan. But… her lack of habits means that she does not consistently take action. Her lead generation and follow up are mediocre. Her marketing is random. Her service and communication with her Clients is hit or miss. It is easy to imagine how these lousy habits limit Amy’s success and add to her frustration.

In contrast Annie Agent actually has no formal plan but she has great habits. She always feels like a better plan would help her. But… on the same days of the week, at the same times, in the same place, in the same way she consistently follows up her leads; sends direct mail, e-mail blasts, and blogs. She communicates with her Clients on schedule. It is easy to imagine how Annie’s habits feed her success, create personal satisfaction and a better quality of life.

Habits Work. Consistency Works. Consistency Wins. It’s universal.

Habits ensure success in every endeavor. The athlete and the team with the better habits win. The marriage with the better habits thrives.

It’s Not Time Management. It is Priority Management.

Time management seldom works. Priority management always works.

In his book, The 7 Habits of Highly Effective People, Stephen R. Covey wrote, “The key is not to prioritize what’s on your schedule, but to schedule your priorities.”

There are eight priorities that guarantee success in a Real Estate career. Scheduling them is remarkably easy. Developing the tiniest bit of discipline around them, one at a time, turns them into habits.

The Priorities of a Successful Real Estate Career Are:

Look at and Update Your Measurable Results Daily

Make Appointments with new Clients

Conduct Your Technology Marketing

Implement Your Traditional Marketing

Provide Quality Service to Your Listed Sellers and Pending Clients

Think and Strategize

Improve Your Presentations (as necessary)

Learn Inventory by Previewing Property (as necessary)

Presentations, handling pending transactions, showing, offers, negotiating, etc are also priorities but they are dependent on other people’s schedules. Therefore they are difficult to build as habits. Turning the above eight priorities into habits guarantee the presentations, showings, offers, etc that result in your success.

Four Critical Keys to Turning the Eight Priorities into Habits

Schedule the priorities, for 30 minutes (at the beginning); first thing in the morning as soon as you sit down at your desk. That’s not the real key. This is; complete the priorities for that day before you open your e-mail!

Schedule each priority on the same day of the week, at the same time, in the same place, and get started in the same way.

Start with one priority at a time. Once you experience the value of having one habit. You will be motivated to add the next.

Start with 30 minutes or less. This feels less burdensome. It motivates efficiency. And the fact is that you can accomplish a lot when you are really focused for 30 minutes on one priority.

In all of my workshops, on every topic, I teach Agents to create habits. I teach Agents to implement the topic of the workshop through better habits.

Let me be clear. Business planning is very important. In fact planning is a main focus of my coaching and teaching. But I know that your habits, not your plan, dictate your success. And it is your habits that will guarantee the implementation of your plan and the success of your business and your life.

Rich Levin speaks to Real Estate audiences coast to coast on raising Agent production.  He customizes a coaching plan and business strategy for each of his Clients. His planning tools are simple and extraordinarily effective. People immediately recognize his sincere desire and commitment to improve the business and the life of everyone he encounters. Contact Rich at 585-244-2700 rich@richlevin.com.

REALTORS® Golf Classic Proves To Be An Ideal Setting For Fun, Networking And Generosity

Friday, June 11th, 2010

More than 400 real estate professionals are expected to take part in the 2010 REALTORS® Charitable Foundation (RCF) Golf Classic, to be held on July 12, at Shadow Pines, Shadow Lake, and Greystone Golf Clubs.

Participants will have an opportunity to take a day off from what is normally a very busy time of the year for REALTORS® and other professions associated with the real estate industry, while raising money for a very worthy cause. The annual event is open to the general public and is hosted by the Greater Rochester Association of REALTORS® (GRAR), Gateway Funding, and WROC TV 8/Fox Rochester.

The REALTORS® Charitable Foundation serves as the philanthropic arm of the Greater Rochester Association of REALTORS®, an organization that provides resources, education, and promotes professionalism for its more than 3,000 members. RCF supports charitable organizations that help to increase affordable home ownership opportunities, build healthy neighborhoods, or mitigate critical housing needs. Since its inception in 2001, the Foundation has awarded more than $430,000 in grants to 35 local charitable organizations. It receives its support from area REALTORS®, GRAR, and various other fundraisers. Last year’s golf tournament netted more than $23,000.

“This is a good example of how REALTORS® are giving back to the community,” said Cindy B-Rosato, an area REALTOR® and chair of the RCF Board of Directors. “As real estate professionals, we recognize that a vital part of aspect of doing business is taking responsibility for helping to preserve and enhance the quality of life in our community.”

News 8 Now at Sunrise and Noon Anchor Katrina Irwin and well-known local personality Dee Alexander will co-emcee the dinner portion of the event.

For sponsorship and registration information, visit http://www.grar.org/Events.html, or contact Diane Rosen, GRAR director of events at 341-2122, or drosen@grar.net.

Homearama Starting To Take Shape

Friday, June 11th, 2010

By Staff Writer

When you turn into the Watersong subdivision off Five Mile Line Road, you immediately notice that there are some nice homes that line the street. As you continue down the winding road, you see the five featured models under construction. Custom homes with everything state-of-the-art.

The 2010 Homearama event is officially under construction and crews are working diligently to get these homes finished for the grand opening. This year’s event is scheduled for August 14th – 22nd in Penfield at Watersong.

Homearama is a product of the Rochester Home Builders Association and has been running for over 30 years in this area. The original intent of Homearama was to show people practical applications and products available to them in new homes, like the newest advancements in siding, roofing and architectural changes. As the times changes, Homearama has adapted to lifestyle changes.

Rick Herman, Executive Vice President of the RHBA is excited about this year’s event. “People come to see the newest trends in home building and home decorating. In addition to the advancements on the inside, we have a number of homes developing the outside with a big yards with patios, pools and extensive landscaping.” The idea of staycations are prevalent in these models.

This year’s event is a little different from year’s past in that Homearama 2010 will be only 9 days compared to 3 weeks from last year. “We’re downscaling from previous years,” Herman said, “Attendance records show that a shorter event make for better participation. We have a variety of activities and events for people to participate and enjoy each day like bands, cooking classes, a classic car show and clowns for the kids.”

The Watersong subdivision is a product of Antetomaso Homes and is currently developing phase III. “There were a lot of reasons why we chose Watersong for this years Homearama,” said Herman, “Penfield is one of the hotter towns as far as new home construction and price point. Plus it is easily accessible from Rt 104 and offers a lot of parking for patrons.”  Antetomaso Homes is proud to host Homearama 2010. “we are happy to show off our community to the general public,” Said Ralph Antetomaso, “Watersong was designed with many quality features in a new community including sidewalks on both side of the street, street lights and open space.”

Re/Max Plus broker, John Antetomaso “We are thrilled to be hosting Homearama this year. It allows us to show the vision we have planned for the Watersong community and the neighbors are thrilled to be part of it.”

Ticket prices have not been announced yet for the event, but will be available at the door. The Rochester Home Builders Association will have coupons and information by the end of June. Visit their website at rochesterhomebuilders.com. You can also find the featured builders, model floor plans, vendors, schedule of events and of course discounts.

Local REALTOR® Member Website Recognized By National Association

Thursday, May 13th, 2010

The member web site of the Greater Rochester Association of REALTORS® (GRAR) was recently chosen as one of three “Best of the Web” in the 2010 Outstanding REALTOR® Association Web site Contest. A judging panel comprised of the editorial board and staff of REALTOR® AE Magazine determined that www.grar.org stood out for its focus on delivering outstanding on-line member services. The decision of the judges was based on the conclusion that the site represented the “innovation, commitment, and excellence for which all associations strive.” The other two associations recognized were the Chicago Association of REALTORS® and the Florida Association of REALTORS®. The contest drew nearly 50 entries from real estate associations across the country.

GRAR launched its newly-renovated member site in January 2010, which was designed by Site Brand Builder.com, a Rochester-based company. The interactive site features pages that provide education course descriptions, events and news, government relations information, and a Multiple Listing Service (MLS) section as a source for real estate forms and tech support. In addition, there is a member resources and support section that offers marketing tools, business practice updates, and industry-related links. Also available is a calendar of events, news gallery, and information on how to begin a career in real estate.

“When we set out to rebuild our online presence in 2009, our goal was to focus on the needs of our members,” stated Ryan Tucholski, CEO for the Greater Rochester Association of REALTORS®. “Information provided on the site is only presented when it’s relevant, accurate, and requested by our membership.”

Among the judges’ highly rated features of the site are the prominent Google search, the updated news section, and the depth of information in the members-only section. Also noted was the members’ use of the site as a portal to their dashboard on the public-facing MLS Web site, where they can track their listing performance.

Tucholski stated that like all web sites, grar.org is a work in progress. “We believe that the site must be a living and growing object that can flex and move for the benefit of our members.”

The Greater Rochester Association of REALTORS® represents more than 3,000 real estate professionals in the Greater Rochester and Finger Lakes region.

REALTORS® Charitable Foundation Announces Grant Awards

Thursday, April 29th, 2010

The REALTORS® Charitable Foundation (RCF), the philanthropic arm of the Greater Rochester Association of REALTORS® (GRAR), recently announced its First Quarter grant awards totaling $37,000, to local non-profit organizations. The foundation supports charitable organizations that help to increase affordable home ownership opportunities, build healthy neighborhoods, or mitigate critical housing needs.

NeighborWorks® Rochester was granted $30,000 to continue its Healthy Blocks partnership in the Main/Atlantic neighborhood, known as “The Pocket.” The Healthy Blocks initiative targets transitional neighborhoods and offers support to train community leadership, improve housing stock through neighborhood clean ups and provide low interest rate loans for home improvements. GRAR members have volunteered hundreds of hours to conduct community surveys, plant gardens, and build community leaders. Healthy Block efforts made in other Rochester area neighborhoods, most notably in the Swillburg neighborhood, have resulted in higher levels of owner occupancy and appreciated home values.

The Rochester Area Interfaith Hospitality Network (RAIHN) received $5,000 for its Homeless Family Emergency Housing Fund. RAIHN is a largely a volunteer organization whose goal is to increase the quality of life for homeless families in Rochester by enabling them to become self-sufficient and independent. Since 2004, 90% of the families that RAIHN placed in housing remained for at least a year.

The Providence Housing Development Corporation “Financial Literacy Program” was awarded $2,000 to support its Financial Literacy Program, which teaches tenants better management of day-to-day expenses and helps them prepare for long-term goals, including home ownership.

“These are good examples of how REALTORS® are giving back,” said Cindy B-Rosato, an area REALTOR® and chair of the RCF Board of Directors. “As real estate professionals, we recognize that a vital aspect of doing business is taking responsibility for helping to preserve and enhance the quality of life in our community,” she continued. “It’s a role that we take very seriously.”

Since its inception in 2001, the RCF has awarded over $430,000 in grants to 35 local non-profit agencies. The organization receives its support from area REALTORS®, the Greater Rochester Association of REALTORS®, proceeds received from the annual RCF Golf Classic held in July, and various other fundraisers.

To learn more about the REALTORS® Charitable Foundation and how you can support its efforts, visit www.rfoundation.org.

First Quarter Home Sales Stats

Monday, April 26th, 2010

First Quarter statistics released by the Genesee Region Real Estate Information Services (GENRIS), the information subsidiary of the Greater Rochester Association of REALTORS® (GRAR) reveal an overall increase in sales within the regional housing market, as compared to First Quarter 2009.

Transactions for the First Quarter 2010 showed that there was a 9.3% increase over the First Quarter of 2009, with 1,802 homes sold. The overall median sale price of $113,000 reflected a 7.6% percent increase compared to last year at this time, which could be as a result of individuals taking advantage of the $6,500 Tax Credit for existing home owners. Pending sales for First Quarter 2010 reflected a 14.6% decrease compared to last year at this time. When compared to Fourth Quarter 2009, however, there was a 10.6% jump.

“This is good news for our local market,” remarked Carolyn Stiffler, board president of the Greater Rochester Association of REALTORS®. “We should be on track for a very strong Second Quarter.”

Stiffler noted that the extension and expansion of the tax credit in December was a critical factor in maintaining the momentum of the market.

“What we saw was an influx of first-time home buyers and existing homeowners taking advantage of the tax incentive,” continued Stiffler. “It truly was a “shot in the arm” for the real estate industry and the economy. For many individuals, it was the answer to their dream of homeownership.”

GRAR officials remarked that the 41.5% decrease between First Quarter 2010 and Fourth Quarter 2009 was a result of people wanting to take advantage of the initial tax credit before it expired in November of 2009. When the First-time Home Buyer Tax Credit took effect in early 2009, there was a lot of activity among first-time buyers, especially during the fourth quarter. People thought that they only had until November 30 to take advantage of credit, which is why we saw a large drop in homes sales between First Quarter 2010 compared to Fourth Quarter 2009.

In December 2009, new federal legislation not only extended the $8,000 Tax Credit for First-time Home Buyers but also included a $6,500 tax credit for eligible existing homeowners for the purchase of another principal residence. Both must have a written binding contract to purchase by April 30, 2010, which is when the tax credit expires. The purchaser will have until July 1, 2010 to close.

There were strong sales gains in several towns within Monroe County over First Quarter 2009. The most significant increases occurred in Parma at 86.7%, Brighton at 68.8%, Penfield at 37.8%, and Greece at 21.3%. Median sales prices also increased significantly in each of these areas, especially in Brighton, which could be a result of existing homes owners moving up.

GRAR will continue to support the local residential real estate industry through its TIME2BUY marketing campaign, which focuses on the benefits of owning a home and using the services of a REALTOR® when buying and selling a home.

REALTORS® Serve As Leading Advocates For Fair Housing

Monday, April 19th, 2010

As outspoken supporters for fair housing issues and homeownership, REALTORS® have joined the nation in recognizing “Fair Housing Month” this April.

Signed into law in 1968, the Fair Housing Act prohibits housing discrimination on the basis of race, color, religion, sex, disability, familial status and national origin. REALTORS® work tirelessly to support this law, as well as ensure the benefits of homeownership are available to everyone.

Through the years, the National Association of REALTORS® has developed education on diversity and fair housing laws for its members. These programs and resources have educated REALTORS® on the importance of inclusive housing practices and the promotion of minority homeownership.

The Greater Rochester Association of REALTORS® emphasizes the critical importance of having an in-depth understanding and on-going awareness of both Federal and state fair housing laws. As licensed real estate professionals, members are required to take at least three hours of fair housing and anti-discrimination coursework. Beyond the legal mandate, REALTORS® realize it is their responsibility and obligation to affirm and validate their commitment to fair housing.

The Greater Rochester Association of REALTORS® represents more than 3,000 real estate professionals in the Greater Rochester and Finger Lakes region.

Local Real Estate Fair Offers Networking And Educational Opportunities

Tuesday, April 6th, 2010

More than 300 real estate professionals gathered at the Hyatt Regency Hotel in downtown Rochester on March 25, to participate in a day-long career development and networking conference. The event, now in its 26th year, is hosted each year by the Greater Rochester Association of REALTORS® (GRAR).

Panel discussions, educational classes, and information sessions centered on a variety of topics including short sales and foreclosures, FHA changes, and other housing and real estate related issues. The event was designed exclusively to enhance and enrich the careers of REALTORS®, and also provide a venue where they can share ideas and gain insight and knowledge about the industry. More than 50 vendors and exhibitors were present, including property inspectors, real estate attorneys, home builders, and lenders. The event was not open to the general public.

“As an organization representing more than 3,000 local real estate professionals, our mission is to provide members with opportunities that promote and nurture their professional and personal growth and success,” said Ryan Tucholoski, CEO for GRAR. “This is an industry that requires a substantial amount of knowledge, business aptitude, and social and networking skills. Ultimately, real estate professionals are in the business of helping people achieve their dreams of homeownership. As such, they realize the importance of obtaining the necessary tools to do the job on behalf of the people they serve,” said Tucholski.

Keys to Search Engine Optimization

Thursday, April 1st, 2010

Whether you understand the complex algorithms of Search Engine organic placement or you don’t even know what Search Engine Optimization is, there are simple things you can do to improve your ranking on Internet Search Engines.  For the purpose of this article we are going to concentrate on the use of keywords.

I recently had a Client who was frustrated that they were not getting the traffic they wanted from their website.  The first thing I did was search for “Real Estate Orlando” (not actual city for anonymity).  Keep in mind he owns one of the largest Real Estate companies in his city.  Yet the company failed to rank within the first two pages of results in the search.  So we went on to evaluate his website.

Keywords

The first thing that jumped out at me was that the company’s Home Page had very little wording in fact “Real Estate” was only written once on the sidebar and “Orlando” and the markets he served were not anywhere on the page except. This means that the search engine spiders looking at this site are not going to consider his geographic location very relevant to the search terms.  When someone puts any variation of “Homes for Sale Orlando,”  “Orlando Property” etc, his site will not show up.

Spiders will start “viewing” your Home Page and work their way in through your site. If the Home Page does not have a strong relevance to the keywords people are searching then it will drastically hurt your ranking.

The point here, the advice to you is to be sure you are using the keywords on the home page of your website and every page where it is reasonable to do so; the keywords that are most likely to be searched by your audience, home buyers and sellers.  Those include the areas you serve, Real Estate, Homes, Townhomes, Condos, Commercial, the list is endless.  It includes all your specialties.  Do a search of Real Estate Tulsa Oklahoma or Homes for Sale and use your location and state.  Click on the top three organic sites that come up and notice the keywords they use.

Notice how often they are used and the prominence they have on the page; their use as headlines, in bold, etc.

Framing

Another thing I noticed was that Home Page of his company’s website was consumed by a Property Search function that was being framed from another source. Framing is basically fitting another website within the look of your site.

The problem is that framing carries no importance for Search Engine ranking.  So all that space used for this was doing literally nothing to help his Search Engine Optimization.

Simple Solutions

We spent several sessions discussing the steps to increase optimizing his placement.  We compiled relevant keywords and found places all over every page throughout the site to where they could be inserted.  We moved the framed property search to within the website.

Within three weeks he was ranking fairly high in the search engine when “Real Estate for Sale Orlando” was entered into the search engine. It didn’t cost him anything but his Admin’s time.

Fresh Eyes

Take a look at your website.

Truly look at it with fresh eyes.

Does your site immediately explain to visitors what you do and the benefit to them?  Are you using keywords throughout your site to explain each product or service?  Are those keywords prominently placed in headlines and bold print?  Are you limiting graphics, framing and pictures that don’t help your SEO especially on your Home Page?  Are you thinking like your prospective clients to use keywords that THEY would use and not just writing casually and carelessly?

Remember that Search Engines give more importance to words that are placed higher on the page or are a larger font or bolded.  Repeat important keywords as often as possible without sounding silly or redundant. Re-phrase features and benefits so that you both reinforce them and you repeat keywords in ways that read naturally.

Create section titles using keywords. Be sure to have the title of your company, product, service or name in text not just a logo or image. Be sure to have the city and state in text somewhere on your home page.  Most of these changes can be done with little research, little time and no expense.

Rich Levin is a coach and speaker whose focus is teaching Agents to understand and control their business.  And through that understanding achieve exceptional happiness and wealth in their life.  Rich is President of Rich Levin’s Success Corps Inc.  Contact Rich at 585-244-2700.

Pricing Message To The Seller

Friday, March 5th, 2010

Rhonda Childress is an Agent. She was frustrated that a Seller relisted with another Agent after she had worked on it conscientiously for six months. When I spoke to her, she said, “Rich, I just couldn’t get the Sellers to agree to my price.  Then they go and list with another Agent at my price and it sells in a week.”

I said, “Rhonda, the problem is you don’t have a price. You have a price recommendation. Only the Seller has a price.” With some Sellers when your price recommendation disagrees with their expectation they get edgy.  When you start talking about “your price” the Seller takes it as a competition over whose price is right. That makes your job a lot harder. Instead, you want to create a cooperative not a competitive relationship with your Client.

Consider the following language.

“Mr. and Ms. Seller, my main job is to market your property, to attract qualified Buyers and Agents that have qualified Buyers who will pay you the highest possible price.

Regarding the price, my job is to research all the possible information that affects your price, analyze that information, show it to you and make the best possible pricing recommendation. Then you can choose to take my recommendation or choose a different price. The price is always in your hands not mine. So, I’ll recommend a price based on the facts. At the same time it is up to you to set the initial asking price.  It is your decision to adjust the price should that be necessary. I’ll advise you, give you the best information and recommendation possible. The decision on pricing is always completely yours.  Does that make sense?

Whether you choose to put the house on the market at the price the market indicates or you choose something higher or lower I will put my entire marketing effort to work and as I said, no one will work harder, smarter or get you more money “

This is simply acknowledging the truth. The Seller has complete control over the price. When you put that responsibility where it belongs, in the Seller’s hands, you have much more control. Yes this can be counter intuitive; it may seem that you are giving up control. As you utilize this approach you will realize the effectiveness.

One note, this approach must accompany a clear and strong plan for marketing the property to get the highest possible price.

Your Value and Pricing Message to the Seller

You always choose the price

You decide whether or not to take an offered price

You decide whether, when, and how much to change or adjust the price

My job is to recommend, do extensive research and apply expertise to determine a price that a qualified Buyer is likely to pay in the current market

My job is to use my tools and skills to market the property and get qualified buyers in the house

My job is to represent you and to negotiate the highest price and best terms for you

My job is to represent you through the myriad of other negotiations and difficulties and ensure that all the parties do their jobs to get the sale closed.

Your Pricing Message to the Seller… Another Version

You say to the seller, “As we talk about price I want you to understand my job when it comes to pricing.

My main job, the thing you really hire me for is to market your house, attract buyers to your house, then to help you negotiate the best price.

Regarding pricing, my job is to research all the possible information that affects your price, analyze that information, show it to you and make the best possible pricing recommendation to you. Then you can choose to take my recommendation or choose a different price.

Bottom line you choose the price, not me. I believe you want me to advise you on price and make a recommendation don’t you? Or have you already made up your mind as to the price you want to ask?

So, I’ll recommend a price based on the facts. At the same time it is up to you to set the initial asking price. The decision on it is completely yours. Does that make sense?

Now whatever price you choose, I am completely confident. There is no question in my mind that between my efforts, the tools, experience and knowledge I bring, along with the support of my company we can get you the highest possible price. We can get you a higher price than any other Real Estate Agent in town.

Whether that highest price is $2,000,000, $2,500,000 or $3,000,000 (Choose prices below at and way above the market value.) we’ll find out when a buyer makes an offer. My job is to get that offer and help you negotiate it to the highest possible number.  And, in fact that is what I do best.

The initial asking price is entirely up to you.

In fact, whether you choose to put the house on the market at the price the market indicates or you choose something higher or lower, if we choose to work together, I will put my entire marketing effort to work and as I said, no one will work harder, smarter or get you more money.

Whether you use this specific language or any parts of it, you want to be sure to clearly communicate your recommendation on price.  Be sure to make a note of that recommendation on paper in front of them so that later, if the house does not sell, you can make reference to it.  No matter how they react they will hear your recommendation and if they choose a higher price you can still proceed, if you choose.  Your clear recommendation will serve you well for cooperation with later price reductions.

Rich Levin is a Master Coach and Real Estate Productivity Expert whose focus is teaching Agents to control and grow their measurable results as they achieve personal fulfillment. Take control of your business.  Register for your personal 2010 Strategy Session with Rich.   Also, Rich conducts free, live, daily 15 minute webinars that starts your day with focus and energy. Register at  1st Fifteen Webinars. Rich is President of Rich Levin’s Success Corps Inc.  Contact him at 585-244-2700 or rich@richlevin.com.