Agent Basics – The Close https://theclose.com Fri, 29 Apr 2022 04:02:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://theclose.com/wp-content/uploads/2017/12/theclosefbprofile2-60x60.png Agent Basics – The Close https://theclose.com 32 32 Door Knocking for Real Estate in 2022: Will It Still Work? (+ Tips & Scripts) https://theclose.com/door-knocking-for-real-estate/ https://theclose.com/door-knocking-for-real-estate/#comments Fri, 29 Apr 2022 04:02:40 +0000 https://theclose.com/?p=8599 Door knocking for real estate often strikes fear into the hearts of new agents, but we want to help you overcome your fears and succeed with these tips and scripts.

The post Door Knocking for Real Estate in 2022: Will It Still Work? (+ Tips & Scripts) appeared first on The Close.

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There’s just something about door knocking for real estate that strikes fear into the hearts of new agents. “What if they slam the door in my face?” “I don’t want to bother anybody…” “What if they don’t like me??!!!”

We hear you, really we do. Nobody wants to feel humiliated just to get leads. But what if I told you rock star Beverly Hills agent Ben Bacal used door knocking to land clients like Leonardo DiCaprio and even knocked on Keanu Reeve’s and Grant Cardone’s doors? You’d want to learn more, right? Well, you’re in luck! 

In this article, I go over everything you need to know about door knocking for real estate, including the best scripts and 15 door-knocking tips to get more leads. I’ll wrap up with my 2 cents on whether or not door knocking is still effective after the pandemic.

Download Free Door Knocking Scripts

The Best Door Knocking Scripts for 2022 (+ Video Examples)

1. Ben Bacal’s Beverly Hills Door-knocking Scripts

If you’ve been an agent for more than a few months, chances are you’ve heard of Ben Bacal. He’s one of the most successful luxury agents in Beverly Hills—he sold a Bel Air home for a record-breaking $94 million and has sold homes to Matt Damon, Ellen DeGeneres, and Madonna.

What most agents don’t know is that Ben Bacal got his start in real estate door knocking. Here are Ben’s general door-knocking script and the script he uses for “drive knocking” mansions with gates and intercoms:

2. Sean Moudry’s Door-knocking Script for Listing Agents

Trying to come up with a value proposition to justify knocking on a stranger’s door on a Sunday morning isn’t easy. The best value proposition you have as an agent is a track record of success selling homes in their neighborhood. So if you have a recent listing that received multiple offers, print them out, black out the personal information, and put together a mini-presentation you can use as a talking point. Now that you have a reason to be there, here is a script you can use from Sean Moudry:

3. Monica Carr’s Beginner’s Door-knocking Script

Coldwell Banker agent Monica Carr went from broke to earning a million dollars in real estate through building a brand and door knocking. The script she used was dead simple, but highly effective. First, because it gave her a valid reason to knock on a stranger’s door, and second, because it built enough curiosity to spark conversations with homeowners. Here is her script from her TomX talk:

You can hear Monica explain her script in more detail and share her inspirational story in her TomX talk How to Earn $1 Million in Real Estate in 4 Steps with Absolutely NO BUDGET below, which has been viewed over 700,000 times.

4. Eri Hass’ Market Report Door-knocking Script 

A former music industry executive, Eric Hass started his real estate career door knocking in one of the most expensive cities on earth— Los Angeles. While most agents probably think door knocking million-dollar homes would be pointless, Eric disagrees. Here’s how he framed the issue in his interview with Mike Sherrard: “Luxury doesn’t mean $#$%, it’s just another zero on the price, and those people need to sell too.” 

Like Monica’s script, Eric’s script is simple, friendly, and offers homeowners something to be curious about to spark conversation. Here is the script:

Watch Eric explain his script and go over his best door-knocking tips in his interview with Mike Sherrard here:

5. Micah Mruwat’s Home Valuation Door-knocking Script

Real estate coach and former EXP Managing Broker Micah Mruwat is another industry thought leader who is bullish on door knocking. Like the other agents here, Micah starts off by introducing herself and wraps up by offering something of value that will stir curiosity and spark a conversation.

Watch Micah explain her script in more detail and go over other door-knocking tips in her video here:


16 Door-knocking Tips to Get More Leads in 2022

1. Don’t Ask for Business, Offer to Help 

Chris Linsell, Senior Staff Writer/Real Estate Coach, Theclose.com 

One of the biggest mistakes new agents make when door knocking is trying to hard-sell total strangers on their doorstep. Unless you have a stellar track record in their neighborhood, this will turn off most homeowners. Instead, focus on how you can help them. The distinction is subtle, but important. Check out Chis Linsell’s video below for a quick run-through of his door-knocking strategy and why it works.

2. Don’t Forget to Bring Your Door Hangers

One of the best leave-behinds you can use when door knocking are door hangers. Simply put, they have one of the best returns on investment (ROI) of anything you can print and put in front of your leads. Full stop.

Illinois Coldwell Banker Broker Danielle Procopio agrees:

“Never miss the opportunity to ‘touch’ a lead. If no one is home, we’ll leave a laminated door hanger with a personalized message and attempt to connect with the homeowners at least four times, and then mail them a neighborhood market analysis. Always follow up with a letter, postcard, phone call, and so on. You want to be seen as the neighborhood expert.”

You can get gorgeous custom-designed door hangers as well as social media templates, business card templates, and more at Lab Coat Agents (LCA) Marketing Center. LCA Marketing Center is similar to Canva, but everything they offer was designed for and by top-producing Realtors. The difference in quality is massive.

Visit Lab Coat Agents Marketing Center

3. Don’t Try to Close the Deal on Their Doorstep

The cardinal rule of any real estate lead generation strategy is to only focus on moving relationships to the next step. In the case of door knocking, that next step is generally either a phone call, being added to a direct mail or drip campaign, or if you’re really lucky, a listing presentation.

While you may be eager to close deals, pushing too hard for goals that are unrealistic is a surefire way to get a door slammed in your face. Sure, you want to seem confident and maybe even a little bit hungry to close, but most people instantly turn off when presented with a “sales pitch,” no matter how good it is. This is especially true when you’re standing on their doorstep on a Sunday morning.

So do yourself a favor and save the hard sell for your listing presentation or better yet, when you’re finally writing an offer for your buyer. Instead, focus on just moving the ball down the field. What next step do you realistically want your homeowner to take with you? A phone call? A visit to your open house? Focus on that and you’ll have much better luck knocking doors.

Related Article
15 Clever Real Estate Prospecting Ideas to Boost Your GCI

4. A Small Compliment Can Go a Long Way in Building Rapport

A compliment, if it’s sincere, is one of those ice breakers that has probably worked since the last ice age and will continue to work for a thousand years. So the next time you’re out door knocking, try to find something genuine to compliment the homeowner on.

Cindy Trotier, a Coldwell Banker agent from Illinois, uses small compliments to break the ice with homeowners whenever she can.

Cindy Trotier headshot

“When prospecting, it’s important to find common ground with the potential client, and complimenting them on their home goes a long way. Start with: ‘Nice yard, you certainly have a green thumb,’ or ‘Those are beautiful flowers.’ Make the conversation about them, not you. Additionally, share something of value along with your business card (e.g., market area report). Ultimately, you want to build relationships first.”

5. Leverage Your Brokerage’s Success if You’re a Newer Agent

Elliman Report Q3-2021

Another hard and fast rule of lead generation is that you need to have something on the table that your leads actually want. That can be something as abstract as a conversation or advice, or something as concrete as a well-researched comparative market analysis (CMA) or market report.

If you feel like you have nothing to offer, then you’re doing it wrong. Just by virtue of having access to your MLS, you have more information at your fingertips than the average homeowner. It’s just a matter of packaging that data in creative and useful ways. Why not hire a virtual assistant to put together 20 CMAs for homes in a neighborhood you want to target?

Sure, that will cost you money, but how many other agents are going the extra mile like that? As Close Contributor Beverly Ruffner always says: You only need to be a little bit better than the competition.

But you don’t even need to go this far. Instead, you can just leverage your brokerage’s success. Many large brokerages like Douglas Elliman create market reports specifically for their agents to use as marketing pieces. A hot-off-the-press market report can be very useful for homeowners who may not be paying attention to the market … YET.

Just remember that data on its own is cheap these days. The real value comes from analyzing and packaging that data in ways that are useful to your potential customers.

6. Allow Yourself to Fail in Order to Get Better

If you’ve worked in real estate for more than 10 minutes or own a television, you’ve probably heard of Barbara Corcoran. What you may not know about Barbara is that she grew up poor, dyslexic, and was waiting tables before she decided to become a real estate agent.

Fast forward a few years and she ended up selling her innovative brokerage, The Corcoran Group, for more than $66 million. Like many entrepreneurs, she credits her amazing success to learning lessons from failure.

So now you may be sitting here thinking this is the sappiest cliche of all time, and why are you even reading this? Well, let’s just say that successful people didn’t get that way without breaking a few eggs. So smile and laugh when someone slams a door in your face, learn to meditate, start a healthy morning routine, and always remember that you’re not a brain surgeon—you’re just trying to close some deals. So don’t be so hard on yourself. Things are going to work out, but you need to let yourself fail first. It won’t kill you. I promise. 😀

Related Article
Why So Many Real Estate Agents Fail After Just 2 Years (+ How Not To)

7. Dress for Success, but Don’t Forget Comfort

Dress for Success

One of the best-kept secrets of success in any sales job shouldn’t be a secret at all. Here it goes: People are going to judge you, and harshly, based on your appearance. Yes, we know it’s not fair, and yes, we know you really think your leads won’t care if you show up in sweatpants and a T-shirt to show them houses. We’ve heard these arguments over and over again. Of course, that doesn’t make them right. 

Far from it, actually. In reality, people, especially the older people who own the majority of the homes in this country, are going to judge you for what you wear, and there’s nothing you can do about it. As long as you’re comfortable, dress as nicely as you can when you’re out door knocking.

Not sure how to dress to impress? Luckily, we put together guides for women and men on how to dress, and more importantly, how NOT to dress to close more deals.

Related Article
Affordable Men’s Fashion for Real Estate: The Ultimate Guide for 2022
Related Article
13 Things to Never, Ever Wear to Work as a Realtor

8. Make Some Fun Pop-by Gifts & Bring Them With You

Texas Coldwell Banker agent Andrea Smith swears by pop-by gifts:

Andrea Smith headshot

“Create some fun, well-thought-out pop-bys that convey your message. When Valentine’s Day is right around the corner, I attach my business cards to a small bag of chocolate hearts that say, ‘You’re the heart of my business.’ It’s a great way to help people remember me and begin a positive interaction as I’m out knocking doors. I feel like the addition of a special touch helps to open the door to a better opportunity to generate a lead or referral.”

Pop-by gifts are small gifts that you can leave with homeowners in order to get them to remember you. Things like candy, seeds, or any other small gift with your message and contact info will work. Cheesy jokes optional, but kind of encouraged.

Related Article
17 Clever Real Estate Pop-by Ideas to Get More Referrals in 2022

9. Learn the Best Days & Times to Door Knock in Your Farm Area

Learning when to knock doors is like asking which baseball team is the best. No matter who you ask, you’re going to get a different answer. But there is a general consensus from people who use door knocking as their primary lead generation strategy:

Saturdays between 10 a.m. & 5 p.m.

Most people are home, but are more than likely still in get-stuff-done mode instead of full-on relax mode, like they are on Sundays. The only caveat here is neighborhoods where observant Jewish people live. In that case, you just might want to wait until Sunday, as Saturdays are days of rest in the Jewish religion.

And likewise, knocking on doors on Sunday if your community is devoutly Christian may not be well received. In short, know your audience and respect their private time.

8:00 a.m. to 11:30 a.m. during the week

Another good time to door knock that most people skip is in the morning during the weekday. You’ll catch a lot of entrepreneurs, home workers, and retired people who are just getting their day together, and so may be more receptive to dealing with “work.”

10. Invite Them to the First Open House at a New Listing

I don’t know about you, but I’m always desperately curious to see how my neighbors live. What does that cool-looking brownstone with the cute little yard look like inside? I bet it’s nice …

In order to satiate their curiosity, always take the time to door knock in a circle around a new listing before you have that all-important first open house. It not only helps you look good to your homeowner (neighbors gossip), but might just help keep you top of mind with the neighbors as well.

Minnesota Sotheby’s Shawn Leetz takes advantage of the curiosity factor to help drive traffic to her open houses:

Shawn Leetz headshot

“Before the first open house at a new listing, I will door knock to hand out personal invitations to the neighbors, introducing myself and letting them know that it is always a good idea to know what is going on in their neighborhood. Also, I like to let them know that it’s OK to come and take a peek; some folks are shy about walking through their neighbor’s home. Not only does this engage the community, but this is another way to offer value to your client (the seller).”

Need some ideas to actually generate leads at your next open house? Check out our guide to open houses here.

Related Article
27 Open House Ideas That Will Actually Get You Leads

11. Avoid Burnout: Don’t Try to Knock Too Many Doors in One Day

Contrary to popular belief, being physically and emotionally exhausted at noon is not a signal that you worked hard, and definitely not a signal that you were effective. It’s a signal that you’re stressed, tired, and probably cranky to boot. Basically the exact opposite mindset you need for a successful door-knocking campaign. Who wants to talk to a stressed-out stranger on their doorstep? The answer, of course, is literally no one.

So if you want to avoid burnout, set yourself a realistic goal of say, 20 doors to knock before you head to the office or start your open house this weekend. If you don’t believe us, just imagine knocking that super-lucky door where a millionaire who wants to sell lives and being too wiped out to build a rapport with her.

12. Track Your Progress: That Which Gets Measured, Gets Improved

One thing many agents forget when out door knocking is to track their progress. How many doors did you knock? How many doors got slammed in your face? Which doors should you absolutely avoid next time? Which seemed kind of promising? Who seems like a decent candidate for a direct mail campaign?

You don’t have to hire MIT to crunch the numbers for you here. Just keep a little log book or notepad app on your phone and take some notes when you’re out door knocking.

You also need to measure your performance if you want to get better. What went right? What went wrong? Does your script need tweaking? Are you getting less nervous or more nervous?

13. Ask Open-ended Questions: Avoid Yes or No Questions

Want to know a secret to not being boring? Get people to talk about themselves and then really listen to what they’re saying. That’s it. Easy, right? Well, yes and no. After all, you have a pretty clear agenda here, right? You’re not just walking your farm area at 8:30 a.m. on a Tuesday to chat about the weather.

Not only does the same rule apply to door knocking, but it’s actually crucial to your success. Think about it. You have maybe 15 seconds to get and keep their attention. Even if you’re super-charming, they’re probably looking for an easy excuse to get back to their newspaper and bagels. Answering a simple yes or no is one of those excuses.

So to avoid giving them an easy out, never ask questions that can be answered by a simple yes or no. Instead, try to get them engaged in a conversation by asking open-ended questions and actually listening to their answers instead of just waiting for your turn to talk.

14. Stay Safe: Knock With a Partner

Since safety should be one of your main concerns, you might want to think about finding a partner to door knock with. It could be a junior agent who needs to work on their pitching skills or an equal team member, but the facts are that pairing up is almost always safer than going it alone.

By the way, this applies just as much to “safe” neighborhoods as it does to neighborhoods with higher crime rates. The simple fact is you never know who is going to answer that door, so having a buddy across the street watching your back is always a good idea.

It could just be a creepy old man who gets too flirty, but a quick “Hey, would love to chat more but my partner is across the street” should be enough to throw cold water on most people.

While the odds of getting into trouble are pretty rare, you never know. As an added bonus, you’ll have a margarita partner if you decide to knock off early. 🍹🧉

Related Article
9 Top Real Estate Safety Apps You Need to Know About

15. Don’t Be Afraid of Luxury Neighborhoods

Can we talk about super-attractive people for a minute here? If there’s one thing they say over and over again, it’s that fewer, not more, people hit on them. While this might seem counterintuitive, it makes sense when you think about it. After all, most people assume they have no chance, so they don’t even bother.

Well, you can think about wealthy neighborhoods like that super-hot guy in your spin class. You might have a low chance of getting his digits, but if you don’t go talk to him, you have ZERO chance. Why not give it a shot?

The other good part of knocking on rich people’s doors is that they’re more likely to be entrepreneurs—and maybe also more likely to be self-made entrepreneurs who appreciate a good hustle! Maybe some eccentric billionaire will take a shine to you and give you 10 listings to sell this year. Hey, you never know until you try, right?

Related Article
How to Become a Luxury Real Estate Agent—10 Easy Ways to Break Into the Luxury Market

16. Good Deeds Can Help Build Good Will in Your Farm Area

If you want to get in good with the locals, there’s nothing like doing something selfless and useful for the community. I don’t know about you, but whenever I see someone helping others in my neighborhood, I can’t help but like them.

Like a lot of successful agents, Texas Coldwell Banker agent Scott Bullard started out with empty pockets, but a deep desire to help his community:

“I started with no money, so I had to be creative. I had a T-shirt made with my real estate company in big letters, and walked my neighborhood at strategic times to come face to face with as many people as possible while I picked up any trash that I saw and disposed of it. I also went around collecting email addresses of my neighbors and started a weekly e-newsletter.”

The 30,000-Foot View: Is Door Knocking Still Effective in 2022?

Com in - Go away doormat

If you had asked us this question in April 2020, we probably would have said no. There were just too many unknowns about the pandemic for us to even think about telling agents that knocking on strangers’ doors was a good idea.

Of course, now with multiple successful vaccines being distributed and Omicron waning, we are once again bullish on door knocking for one simple reason: Agents have been relying on technology to generate leads way, way too much over the past few years.

These days, it seems like every agent is obsessed with perfecting custom audiences for Facebook ads, or trying (and failing) to go “viral” on Instagram instead of honing the one skill they need to last in this industry: making a personal connection with another human being.

So, the more everyone in your office leans into technology, get up, go outside, and go knock some doors.

Over to You

Do you think door knocking will disappear or make a huge comeback in 2022? Let us know in the comments.

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How to Compete With Cash Offers: 10 Ways to Write Winning Offers https://theclose.com/how-to-compete-with-cash-offers/ https://theclose.com/how-to-compete-with-cash-offers/#respond Fri, 29 Apr 2022 03:16:35 +0000 https://theclose.com/?p=36756 In today’s tight inventory market, trying to help buyers compete with cash offers feels a little like getting into a boxing match with Mike Tyson—but if you follow my team's strategy, we'll help you close some deals in 2022.

The post How to Compete With Cash Offers: 10 Ways to Write Winning Offers appeared first on The Close.

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In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. While losing a deal to a cash offer might not hurt as much as getting punched by Mike Tyson, it’s still frustrating for your buyers, and more work for you. After getting punched in the face a few times, you have to decide to either quit or come up with another strategy. 

Luckily, beating a cash offer on a house is not as hard as many agents think. We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have. Here are the top 10 that have helped my team successfully beat out cash offers—yes, even in this red hot market.

Disclaimer: All suggestions mentioned in this article are for informational purposes only. We are not offering legal advice. Laws and restrictions are different in each area. Check with your local real estate commission and attorney for guidance before using any of the techniques listed.

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1. Use a Cash Lender

One of the best ways to beat a cash offer is simply to transform your offer into a cash offer by using a cash lender. Born from the needs of mortgage buyers to compete with cash buyers, cash lenders will buy a home with cash then allow the buyer to refinance or purchase the property after closing. 

Here’s how it works. Once a buyer is qualified with a cash lender like Homeward Mortgage, they can select a house and Homeward will place a cash offer on the property. Once the property is purchased, the buyer rents the property from Homeward until their loan is finalized.

There is a charge for this service. The fee is about 2%, but it is reduced if the buyer uses Homeward Mortgage for their final loan. For buyers with a home to sell, they also offer a buy with cash before you sell option.


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2. Submit Your Offer Early

Competing with cash offers can be stressful, but don’t give up hope. Many listing agents today will not review the offers for three to four days after the property becomes active. This allows more buyers to have the opportunity to see the property so the seller can receive more offers. 

Some buyer’s agents believe the best strategy is to wait until the last minute before submitting an offer. Don’t do this! We have found that the best practice is to submit your offers early! 

There is nothing worse than finding out the day before the offer deadline that the seller got tired of having to be out of the house for showings and decided to accept an offer the day before. Think of it this way: If your buyer’s offer is on the table, at least they will have a fighting chance, and if you follow some of my other suggestions, your buyer’s offer may even win!


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3. Offer a Signing Bonus

A common seller negotiation tactic today is to hold all offers through the weekend and present all the offers received on Monday. This allows the listing agent to pit desperate buyers against each other and drive the price up even further. This technique also increases the chance of getting a cash offer that sweeps the rest of the competition.

The best way to overcome this is to offer a “signing bonus” for accepting your buyer’s offer quickly. To be successful at this, your buyer must put their best foot forward and make the “signing bonus” the highest and best offer they can make.

Assuming the list price of a home is $400,000 and your buyer is willing to pay 10% over asking. Instead of offering $440,000 and waiting through the weekend, structure the offer so the sales price is $420,000, but if the seller accepts the offer within the next four hours, the sales price will be $440,000. A $20,000 bonus just for accepting your offer sooner.

This approach allows your buyer to submit their offer early, eliminating the competition, and the seller gets to feel like they got a fair price. A true WIN-WIN! The best part is if the seller doesn’t accept the offer, it stays in the mix so your buyer can still have a chance to win.

However, to win against cash offers, you need to do more than just offer a signing bonus.

Related Article
18 Top Real Estate Negotiation Strategies From the Pros

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4. Be Memorable & Likable

Winning an offer is a competition—literally. It’s your buyer’s offer against all the other buyers. So, if you want to win against cash offers, you need to be memorable and likable! 

I’ll deny it if asked, but in the past, I have been known to help polite agents that I liked get their offers accepted. On the other hand, I have not lifted a finger to help an agent who was rude and standoffish. So if you want to beat out a cash offer, kill them with kindness. Here are two easy ways you can be more memorable and likable to the listing agent:

Leave Unique Feedback

When your buyer is interested in a property, you have a great opportunity to set the tone. Instead of leaving the same old feedback, mention how your buyer loved the home, the neighborhood, and how they can see themselves living there. 

In many cases, the feedback goes directly to the seller. This is their first impression of your buyer’s offer. Just be mindful not to mention anything about your client that can be considered discriminatory under Fair Housing

Think of it as a mini-buyer love letter without the potential issues that love letters present.

Related Article
Are Buyer Love Letters a Waste of Time in 2022? (+ Example Letter)

Send the Listing Agent an Introductory Video

Next, record a quick introductory video of yourself to the listing agent. (Due to Fair Housing, I don’t include videos of my clients.) Let them know you will be submitting an offer and for them to keep you abreast of any status changes. 

These extra little touches can be the difference between your buyer’s offer being in second or first place!

Related Article
21 Real Estate Videos Top Agents Use To Generate & Nurture Leads

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5. Offer an Appraisal Gap

One of the main reasons cash is king in bidding wars is because of the requirement of an appraisal for mortgages. Bidding wars are causing sales prices to rise far beyond what we as agents or appraisers can realistically justify. 

The difference between the sales price and the lower appraised value is called the appraisal gap. When a financed buyer offers to cover any appraisal gap, they are putting up additional money for the down payment and closing costs. For example, if a property is marketed for $400,000 and it gets bid up to $420,000, the financed buyer may agree to bring in an additional $20,000 in the event the property doesn’t appraise.

Coach your clients who don’t have the additional funds for an appraisal gap to try to restructure their loan to a lower down payment option. If that won’t work, have them ask parents, grandparents, or even borrow from their 401(k) in order to cover the gap in the event the appraisal comes up short.

Remember, they will only need this money if the appraisal comes in lower than the agreed sales price and in most cases, the deficient amount is less than the agreed appraisal gap. While this is a top strategy, today many buyers are offering appraisal gaps. So, to win your offer, you may have to pull out the big guns.


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6. Have Your Buyer Pay Your Commission

When you are competing with cash offers, sometimes you have to pull out the big guns. Commissions have always been a touchy topic for buyers and sellers, and many sellers feel that it isn’t fair that they pay commissions for both their agent and the buyer’s agent.

How I Used This Strategy to Beat a Cash Offer: With a Handshake!

I recently won a bid on a house with an offer that was less than the competing cash offers simply because my buyer agreed to pay for my commission. I was working with a client who only had $30,000 total for down payment and closing costs.  

The first thing I noticed when pulling up to the home was that the seller had chosen a limited-service brokerage that charged a low flat fee for the listing service and offered a co-op commission to a buyer’s agent. This made it clear to me that the seller likely didn’t see the value of paying for an agent.

Making matters more awkward, the seller was home when we toured the home. After the viewing, the seller walked right up to the buyer and asked her what she thought of his home. 

She politely responded that she loved the home. He smiled and said, “Then you should buy it!” She explained to him that she wished she could, but he would receive multiple offers and she feared she would get beaten out by a cash offer, as had recently happened to her.

He replied, pointing at me, “Give me my asking price and pay his commission and I will sell you my house.” Without a second’s pause, she exclaimed, “OK!” Then we all shook hands and they hugged each other.

With the handshake deal in mind, I rushed to my car and wrote the offer. With 3.5% down and the lender covering the closing costs (with the interest rate spread), the buyer had just enough left over to pay my co-op commission.

Within 30 minutes, the offer was written, signed, and in the listing agent’s inbox. I immediately got a call from a frustrated listing agent who said, “Why would we take your offer; we already have cash offers for $20,000 more than yours.” I replied cheekily, “Because we shook on it.” 

After the awkward silence, he said he would talk to the seller, but he was going to advise against taking our offer. Two long hours passed and then I got the call that the seller had signed our offer. Was it because he liked the buyer or because the buyer agreed to pay my commission? We may never know, but she is happily living in the home today.

Since this experience, I have successfully used this technique to differentiate my offers to gain an advantage over the competition.


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7. Add an Escalation Clause

Escalation clauses often get a bad reputation. However, if used correctly, they are powerful tools that allow your buyers to make their strongest offer without the risk of overpaying compared to the other competing offers. 

For example, a home I sold recently had six offers. This beautiful four-bedroom, three-bathroom home in a small rural town east of Denver was listed for $460,000.

Three of the offers were under $470,000, two were at $480,000, and one was $500,000. The buyer who offered the highest amount had already sold their home (without a contingency to find a new home) and had to find a home ASAP or they were going to have to rent. 

They were in a pinch and because of their situation, they made an over-the-top offer to ensure they would win. What they didn’t know is that the other offers were $20,000 less than their offer. 

To prevent the buyer from overpaying, the buyer’s agent could have made an offer of $475,000 with an escalation clause of $1,000 more than any viable competing offer up to $500,000.

Had they done this, we would have had their offer accepted at $481,000 ($480,000 highest competing offer + $1,000 escalation), thus saving the buyer a whopping $19,000!

This technique is sure to place your buyers in the top spot, but this alone won’t always beat out cash.


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8. Pay the Seller’s Closing Costs

While this next tip will give you an edge when the offers are close, sellers today feel like they are getting nickeled and dimed. That sounds funny when they are getting offers 10%+ over asking, but ask a homeseller and that is what they’ll tell you.

In most real estate transactions, the seller pays for the costs of the title insurance, escrow, and homeowner association (HOA) fees. Despite the common practice of having the seller pay for these fees, there isn’t a requirement for the seller to do so. Combined, these fees can range from $1,000 to $5,000, depending on the location, HOA, and the price of the home.

One benefit of this is that in most cases, when the buyer pays for the title policy, they are able to select which title company they wish to purchase the title insurance policy from. If your buyer wants this option, be sure to make this clear in your offer. Also, be sure to get estimates of the fees prior to having your offer accepted, or place a limit on the costs your buyer is willing to pay.

While saving the seller a few thousand dollars seems miniscule compared to the hundreds of thousands buyers are paying for the house, this little gesture goes a long way with some money-conscious sellers.


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9. Give the Seller a Flexible Possession Time

Since many sellers also need to buy a home, many get nervous about finding a home they can afford and actually want to buy. To relieve the seller’s fears, your buyer can be flexible with the seller when it comes to them having to move after they sell the home.

Of course, cash offers have an advantage when it comes to flexible possession dates. However, there are two main strategies buyers with financing can use to give the seller more time to move. Each has benefits and drawbacks for both the buyer and the seller. The key is finding the right solution for both parties.

No-cost Rent-back 

If the seller needs time to stay after the home is sold, then a no-cost rent-back can give them time to stay in the home long after the home has been sold. 

The challenge with this strategy arises when your buyer needs a mortgage loan. FHA loans and conventional loans have a requirement that the new buyer occupies the property within 60 days of ownership. If the seller needs more time than that, your buyer may have to qualify for an investment loan.

Recently, our team had a seller who was waiting for their new home to be built. The winning buyer agreed to get an investment loan so they could allow the seller to rent back the home for up to six months after closing. This saved the seller from the cost and inconvenience of having to move twice. Once moved in, the buyer plans to refinance the home to a lower interest rate owner-occupant loan. 

Most states provide a pre-approved form for post-occupancy. To protect your client and yourself, if your state doesn’t provide these forms, advise your client to have a lease drafted by a local real estate attorney.

Replacement Home Contingency

If a no-cost rent-back doesn’t work for your buyer, try using a replacement home contingency. A replacement home contingency is a two- to four-week contingency for the seller to find, contract, and inspect a replacement home. If the seller cannot complete this by the end of the time period, they may extend the time or the buyer or the seller may terminate the contract.

The benefit of this technique is that you don’t run into the 60-day occupancy requirement as you would with other options, since the closing and possession will be coordinated with the seller’s replacement home purchase.  

The downside is that if the seller cannot find a replacement home, they can terminate the contract and stay in their current home. In this case, the buyer may lose any money they paid for inspections and appraisals.

Having good communication with the listing agent and understanding the seller’s needs is key to making deals like this work.


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10. Communicate!

I am appalled when I get offers in my inbox from agents who didn’t even bother to call or text before they sent it over. What kind of agent does this? A lazy agent who doesn’t really want to do their job, that’s who!

When writing an offer for my buyers in this competitive market, I want to make accepting it as easy as possible for the listing agent. To do this, I always call the listing agent (yes, on the phone! … and no, not in a text message!) to get a crystal-clear understanding of what the seller’s situation is and how we can draft an offer that meets their specific needs. 

Call me old-school, but I appreciate the details when I’m presenting offers to my sellers. Many of the other listing agents I know do too. So write a detailed cover letter that contains bullet points of key features of the offer, and how the buyer’s offer takes into account the needs of the seller. If needed, explain the buyer’s situation and their financing. 

Lastly, I call or text the listing agent and let them know that I sent them an offer and ask them to confirm that they received it. This shows them that I am proactive and communicative.


Bottom Line

The way to beat out cash offers on a home is to relieve as much stress and eliminate any fears the seller may have. You can do this by writing your offers in a way that reduces the hassles of financing and takes into consideration some of the other concerns a seller may have. We wish you the best in applying my team’s 10 strategies for writing winning offers!

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The 10-Step Plan My $1 Billion Team Uses to Find Homes for Desperate Buyers https://theclose.com/how-to-find-listings-low-inventory/ https://theclose.com/how-to-find-listings-low-inventory/#respond Wed, 27 Apr 2022 21:03:25 +0000 https://theclose.com/?p=36991 In a low inventory market, our comprehensive 10-step plan for finding listings for buyer clients will help you close more deals in 2022.

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If you spend any time on Realtor Facebook groups like Lab Coat Agents these days, you will hear the same complaint again and again: “I have tons of buyers but no homes for them!” Well, join the club! Inventory here in Colorado is tighter than it has ever been and homes sell the first weekend they’re listed. It’s enough to make any buyer agent want to throw in the towel. 

Here on The Reynolds Team, giving up is not an option. Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. Our agents use a 10-step search plan to find homes for their desperate buyers. I’m sharing our property search plan with you because I want each and every one of you to succeed.

1. Kick Off Team Meetings With an Internal ‘Wants & Needs’ List

Create an Internal “Wants & Needs” List & Kick Off Team Meetings With It
Sarah Reynolds Oji at The Reynolds Team Meeting

Our first step to finding homes to show desperate buyers is to post to our internal “Wants and Needs” list. This is a private Facebook group for our team and brokerage where agents list what their buyers are looking for in a home. 

To cast as wide a net as possible, we also review our clients’ “wants and needs” at our weekly team meetings. This helps keep our buyers’ needs top of mind for listing agents. The minute a new listing comes in, our listing agents will already have showings lined up from the list.  

If we can match a new listing with a buyer from our “wants and needs” list, we call this a “Love Connection”! We don’t stop there, though. If a connection isn’t made through our brokerage and team, we reach out to other agents in our network.

📌   Pro Tip

If you want to learn more about The Reynolds Team, check out my interview with team leader Sarah Reynolds Oji on The Close Weekly Podcast.

2. Contact Top Listing Agents From Other Brokerages

This technique is great for buyers who have a home to sell or a low down payment. The secret is to get access to homes before there is a lot of competition for them through the MLS. 

To do this, we begin by looking up the top agents in the specific neighborhoods that our buyers wish to live in. We often don’t know who is selling the most homes in any given area, so we train our buyers’ agents to search the MLS for properties sold over the past six to 12 months. 

Then they sort the list by the listing agent’s name. This will consolidate the names and show who has sold multiple properties in the area. With this information in hand, they can contact the listing agents who have sold multiple properties in the area, and ask them if they have any upcoming listings that may fit our buyer’s criteria.

Agents who are neighborhood specialists typically have sellers who would sell their home if they got an offer they can’t refuse, as well as other homesellers who are preparing their home to sell it in the next few months. 

The goal is to make their seller client an unbeatable offer even before they’ve signed a listing agreement. This technique works wonders for buyers with contingencies and special circumstances. In fact, I have bought two houses this way myself!

3. Prospect OLD Expireds, Not New Expireds!

Prospect OLD Expireds, Not New Expireds
Steve, Inside Sales Associate, The Reynolds Team Virginia

Our team’s next step is to search for expired listings and homes that have been withdrawn from the market. Even in today’s low inventory market, some listings don’t sell the first time around. 

Start by searching your MLS for expired homes over the past three years. Many older expired listings are from sellers who were not able to get the price they wanted. Prices have risen so much over the past year that the unrealistic price they were asking two years ago probably isn’t so unrealistic today!

If a listing has recently expired or has been withdrawn, contact the listing agent and ask them if they know if the property is coming back on the market.

For older expireds, go ahead and call them yourself. The good news is that homeowners of older expired listings aren’t receiving the 20 calls a day from desperate real estate agents that are typical for newly expired listings. Therefore, they are more likely to answer the phone and they are much more pleasant to talk to. 

Related Article
24 Best Expired Listing Scripts & Objection Handlers 2022

BONUS TIP: Use Artificial Intelligence to Find Homeowners Who Are Getting Ready to Sell 

When you want to find homes for desperate buyers, human intelligence is great, but artificial intelligence is better. Why? That’s simple. Platforms like SmartZip use artificial intelligence to instantly sift through hundreds of data points on the internet and your MLS with one goal: to find homeowners who are getting ready to sell—before they contact their first agent. 

Even if you don’t find “the one” for your buyers with SmartZip, you can be the first agent to contact homeowners who are likely to sell in the next year. ZIP codes are limited and going fast, so if you want to unleash the power of artificial intelligence, check if your ZIP code is available here: 

Visit SmartZip

4. Write Backup Offers With a Backup Clause Written by an Attorney

Write Backup Offers With a Backup Clause Written
Tia, Outside Sales Associate, The Reynolds Team Virginia

In today’s market, you have to be proactive, creative, and BOLD to find your buyers a home. If your buyers love a neighborhood or home, don’t be afraid to write a backup offer on homes that are already pending. 

Bidding wars can drive the price so high that the winning buyer may feel they overpaid and subsequently get buyer’s remorse. Due to this, we are seeing a higher number of contracts terminate shortly after the contract is ratified than we have in the past. This is why we coach our buyers’ agents to encourage their clients to submit backup offers on hot properties. 

To protect our buyers and give them the ability to keep shopping, we have a strong backup clause, written by an attorney, that allows their client to terminate the contract prior to going into first position. This technique works well with homebuilders and fix and flips too!

Related Article
9 Proven Strategies to Find Hidden Listing Inventory in 2022

5. Start Door Knocking With Your Rejected Offers (+ Script)

Start Door Knocking With Your Rejected Offers (+Script)
Brody, Outside Sales Associate, The Reynolds Team Washington D.C.

If you have been working with your buyer for more than a few weeks, chances are you have already made—and lost out on—at least a few offers. This can feel devastating to you and your client. Luckily, there’s a way to turn that rainy day into a glorious win—prospect around your recent offers!

After you dust yourself off and collect your thoughts, print out the offer your clients just made and start door knocking the neighborhood for other potential sellers who may be considering a move in the near future.

With your (redacted) offer in hand, go door-to-door and tell the neighbors that you have a motivated buyer who just made an offer and lost out on the home down the street. Let them know your buyer loves the style of homes and the neighborhood, and that they are set on living in the area.

Rejected Offers Door Knocking Script

When they answer the door, you will say:

Do this and you will be surprised how well-received this approach will be. Many neighbors who love their community will want to help you find a home for your buyer client.

Related Article
Door Knocking for Real Estate in 2022: Will It Still Work? (+ Tips & Scripts)

6. Trade Your Buyer’s Contingent Property With a Flip

Trade Your Buyer’s Contingent Property with a Flip

One of the biggest challenges our buyers’ agents face is finding a home for a contingent buyer. These are buyers who have to sell a home before they can buy. This becomes even more challenging when the home they need to sell is in dire need of repair. 

This was exactly the case for one of my seller clients last fall. They had a home in a desirable area but it hadn’t been updated in more than 20 years. They wanted to find a home in the same area that offered more bedrooms and was already completely remodeled.

Since the homes in the area were built in the ’60s and ’70s, my strategy was to find them a recently flipped home. Using the seller’s home as bait, I contacted the fix and flippers in the area and asked them if they were looking for a new fix-and-flip project in the area. 

Hungry for inventory, several flippers expressed interest in my seller’s home. I told them that in order for them to be able to buy my client’s home, they had to sell my client another home that they had coming on the market. It took a little legwork, but in the end, we were able to negotiate the purchase of newly remodeled home with the caveat that the flipper would buy their home at a fair price. A true WIN-WIN!

7. Prospect FSBO Listings

Prospect FSBO

The buyers’ agents on The Reynolds Team are expected to do the unthinkable … call FSBOs! If you have been selling real estate for more than a few months, you may have also found that these sellers are always reasonable, generous, and a pleasure to work with. 

OK, OK, so that may not be true all the time, but when you contact FSBOs, you will discover that most agents ignore them. They think these homeowners have no interest in listing their home with an agent. 

The truth is, they are happy to offer a commission to an agent who has a bona fide buyer for their home. That could be your buyer, but you’ll never know until you pick up the phone and start cold calling homeowners who have listed their own home for sale. 

Related Article
The 7 Best FSBO Scripts of 2022 & Why They Work

8. Prospect Rental & Short-term Rental Ads

Prospect Rental & Short-Term Rental Ads
Eddie, Inside Sales Associate, The Reynolds Team Virginia

Calling the “Home for Rent” and Short-term Rental ads is a great way to find homes for your desperate buyers. Why? Because many investors may be interested in selling in this hot market. With interest rates rising and economic uncertainty everywhere, some investors might be looking to cash out at what they think is the top of the market. 

As a real estate investor myself, I would be interested in selling … if I didn’t have to go through the effort of getting a rented house ready for market. Getting a house “for sale ready” is different than getting a home “rent ready.” 

A “rent ready” home may have white semi-gloss paint, matching trim, and a neutral gray carpet. To get a home “for sale ready” requires nicer features like gray walls with a bright white trim and doors, and nice laminate flooring. Many landlords don’t want to take the chance on updating a property to make it “for sale ready” only to find they didn’t get the price they wanted.

What investors may not realize is that many buyers in this low inventory market are willing to pay nearly the same amount for properties that haven’t been updated as the recently renovated competition. This makes now an outstanding time for an investor to unload some inventory without having to invest the time and money to update their property.

On our team, buyers’ agents call the for rent, VRBO, and Airbnb advertisements to see if an investor is ready to sell. If that doesn’t work, it’s time to coach the buyer to reconsider some of the diamonds in the rough. Worst case scenario, you will have conversations with local rental property owners that might lead to future business. 

9. Coach Your Clients to Consider Aged Listings

Coach your Buyer Clients to Consider Aged Listings

If we haven’t found a home that matches our buyers’ needs at this stage, agents on our team still don’t give up. They then coach their clients to reconsider the aged listings (listings that have been for sale for longer than seven days). 

These homes may not be priced as well—or they may even be a little overpriced for the condition—but with a little coaxing, you may get the seller to come down a few dollars. 

Of course, your buyer may have to wait a few more years for the Instagram-perfect kitchen or yard, but they will be able to stop paying rent and start building equity—and that’s what’s important, isn’t it?

If you don’t have your hopeful buyer in a house after all this, it’s time to look in other areas.

10. Take Your Buyers on ‘Turf Tours’ of Other Neighborhoods

Take Your Buyers on “Turf Tours” of Other Neighborhoods

While I’m sure this idea has already crossed your mind, you may not have had much success getting a stubborn buyer to look into other areas. Well, I’d like to help you with that! Buyers tend to buy in locations with which they are most familiar. They might want to be close to work, schools, or shopping, or may be trying to invest in an up-and-coming trendy neighborhood.  

This can be difficult if the area they want is priced far above their budget. Some buyers will tell you they would rather rent than to consider moving outside their comfort zone. This can be a huge mistake since homeownership is what is going to help them build enough equity to afford to live in their desired neighborhood someday. 

If they say they want to live in a specific area because of the recreation and lifestyle, then consult them on how they can have a similar lifestyle in another location that is more affordable.

To get clients to consider new areas, our team conducts “Turf Tours.”  First, we ask them to take a ride with us. (Yes, in the same car!) We say, “I have an area I would like to show you. I just have one condition. You can’t ask me where it is until we have already seen the area and some homes.” 

Curious, they will usually agree. To be successful at this, you must remember that you are a consultant, not an order taker. The clients tell you what they want to achieve and why they want to achieve it. Your role is to serve as a consultant who guides them toward reaching their goals.

Bottom Line

This is our strategy for finding homes for buyers in today’s market. Our goal on The Reynolds Team is to serve over 1,000 buyers in 2022. To achieve this, we know we MUST leave no stone unturned when searching for homes. We hope you will do the same. Please share tactics that have worked for you and your team in the comments.

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8 Stories That Illustrate Just How Ridiculous the Real Estate Market Has Been in 2022 https://theclose.com/real-estate-market-stories-2022/ https://theclose.com/real-estate-market-stories-2022/#respond Wed, 27 Apr 2022 21:03:07 +0000 https://theclose.com/?p=36915 Realtors around the country share their most remarkable stories as they navigate the frenetically paced real estate landscape in 2022.

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There’s no getting around it—the real estate market has been absolutely frenetic. We sent out a call to Realtors around the country to share some of their experiences, and their stories didn’t disappoint! As they do their best to navigate the fast-paced real estate landscape in 2022 for their buyers and sellers, we’re sharing some of their most remarkable stories here.

1. Buyer Love Letters Aren’t Working? Try a Love SONG

Hands holding the cassette tapes

Brock & Lori Harris, Realtors, Los Angeles, CA

The Los Angeles real estate market is one of the busiest in the nation. “In some markets, it’s causing absolute chaos! No agent wants to have to sort through 50+ offers, but it’s happening often.

“We’ve routinely had buyers who’ve written on homes with 40 to 60 offers, and these have resulted in some pretty creative strategies to get their offers noticed. One musician client of ours wrote and recorded an original Buyer Love Song to accompany their offer, and guess what—it worked!”

2. This Duplex’s Value Jumped by 6x in a Single Month

Marina Vaamonde, CEO of HouseCashIn, Houston, TX

“A few months ago, someone bought a rundown, uninhabitable duplex just down the street from my house for $10,000. This property was practically a tear-down. A month later, there was a For Sale sign up in front of it. List price? $55,000. They didn’t do a single thing to it. I don’t even think they set foot in the place.”

“It eventually sold for $65,000; not bad for an investment held for about a month!”

3. Remember When Sellers Were Asked to Pay Closing Costs? Lol

meme - Remember When Sellers Were Asked to Pay Closing Costs

Jimmy Hughes, Realtor, Oklahoma City, OK

“This market has completely flipped who pays for what when it comes to closing. Buyers are now paying for closing costs—it’s practically expected in offers! Prior to this year’s market, many lenders I’ve worked with literally didn’t even have a way to account for this in their systems because it happened so rarely.” 

4. An Offer So Good the Clients Decided NOT to Sell

Stash of cash

Martin Orefice, Realtor, CEO, Rent To Own Labs

“Recently, clients of mine approached me with questions about selling their home—not uncommon with the astronomical prices we’re seeing right now. At every stage of the preparation process—running comps, getting an appraisal, evaluating competition—our best guess at the home’s value kept going up.”

“These clients were torn between the options of selling and trading up, or building an addition on their current home. Throughout the process I was never sure which way they were going to go. They eventually decided to go ahead and list the house, and the showings with offers started pouring in immediately. The offers were well above our sky-high asking price. As they were considering those offers, all of a sudden, they decided not to sell.”

“They took the offers they were getting to the bank, applied for a cash-out refinance, and completely transformed their very modest starter home into a dream house.” 

5. Showings Limited to 10 Minutes & a Line of Buyers Out the Door

A line of buyers out the door

Rob Kittle, Broker, Fort Collins, CO

“I can’t overstate how elevated the supply / demand in Colorado has been. It’s not uncommon for homes and property to be selling at unprecedented prices, often for all cash, often with no contingencies.”

“For really desirable properties (in a great location, with great schools, and with excellent community amenities), things are amplified. We recently listed a home where the demand was so strong that in order to give everyone who wanted to see the house a chance, we literally had buyers lined up outside, a time limit of 10 minutes per showing, and over 70 showings in a single weekend.”

6. Coming Soon = Under Contract Before the List Date

Coming Soon funny meme

Cassie Alongi, Co-founder, We Buy Any House in California, Riverside County, CA

“In my local market (Riverside County, CA), we have the option of listing properties in our MLS as “coming soon” just before they actually hit the market. If these listings are in a highly sought-after price range ($350,000 to $600,000), it is practically a guarantee that you’ll get multiple, sight-unseen offers, many without inspection or appraisal contingencies, before showings are even allowed.”

7. Yes, Perfect Transactions Really Do Exist

Unicorn meme - Id like to buy a house

Ryan Braswell, Broker, Bohemia, NY

“It seems like there’s nothing but stories of the outlandish and unbelievable from our market, and despite all of that, I still found a unicorn client. One showing, one offer, one contract, one inspection, one closing. No delays, no drama. The bank said our deal was so clean they didn’t even need an appraisal.”

8. Neighborhood Prowler? Nope, Just a Desperate Buyer

Just a desperate buyer funny meme

Lauren Reynolds, Realtor, Fairfield County, CT

“Last summer I was unlocking the front door of a house that was off-market to show a client, and a woman with a New York license plate stopped me asking if I was interested in selling my home. She thought I was the homeowner and she had been prowling the neighborhood looking for houses to buy that weren’t on the market yet. I think that shows you how competitive, and aggressive, some homebuyers have become!”

Your Turn

Got a wild story about your local real estate market! The Close wants to know! Tell us in the comments below.

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7 Real Estate Marketing Materials That Will Help You Build a Better Personal Brand https://theclose.com/real-estate-marketing-materials/ https://theclose.com/real-estate-marketing-materials/#respond Tue, 26 Apr 2022 20:26:53 +0000 https://theclose.com/?p=36942 These 7 essential real estate marketing materials are the vehicle that delivers your unique personal brand to the world—generating business while you sleep.

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If you want to build a personal brand that generates business while you sleep, choosing the right real estate marketing materials is crucial. Why? Simple. Second only to your time and emotional energy, your marketing materials are your most precious assets. Think of them as the vehicle that delivers your personal brand to the world. 

Of course, even experienced agents are having a hard time choosing which marketing materials to spend their hard-earned time and money on. That’s why we worked with our friends at SERHANT. to put together this definitive guide to the seven real estate marketing materials every agent needs to build a better personal brand in 2022. Whether you need Instagram Reels templates or business card advice, we have you covered.

1. Professional Pictures: One Headshot, One Lifestyle

Professional Pictures with One Headshot One Lifestyle
(Source: Sell it Like Serhant: How to Build Your Personal Brand workbook)

One of the most important lessons that Ryan Serhant teaches in his Sell It Like Serhant: How to Build a Personal Brand course is that your personal brand needs to be curated and authentic. After all, people should want to work with YOU, not just “a real estate agent.” There are millions of real estate agents, but only one you. This is why headshots are by far your most important marketing material. 

📌   Pro Tip

For your lifestyle shot, pay particular attention to your body language. The goal is to look open and approachable, not guarded. You can see the difference in the two pictures above.

Your headshots literally put a face to your personal brand and are the only a that cannot be copied by other agents. So take the time to make sure your headshots are both curated and authentic. Ryan recommends creating two headshots to use in your real estate marketing materials: one professional headshot and one lifestyle shot. 

Related Article
Real Estate Agent Headshots: 15 Industry Experts Share Their Best Advice

2. Professional Social Media Templates (Including Stories & Reels Templates)

Professional Social Media Templates

When it comes to social media marketing materials, many agents make the mistake of assuming that bringing their authentic selves to social media means they need to create everything from scratch. Nothing could be further from the truth. Sure, that behind-the-scenes Reel you shot at your open house doesn’t have to look like a Hollywood movie, but it does need to look polished and professional. 

This is where professionally designed social media templates come in. Instead of trying to reinvent the wheel every time you post on Instagram or Facebook, you can use templates designed for real estate agents by professional graphic designers. The difference between professional social media templates and generic templates from Canva is night and day. 

You can see examples of some of the best social media templates along with the best places to buy them here:

Related Article
29 Best Real Estate Social Media Templates for Facebook & Instagram

3. A Website That Shows Off Your Personal Brand

real estate marketing materials

After your headshots and social media templates, your website is your next most important marketing material. It’s also one of the only brand assets you will truly own. After all, no matter how hard you work on them, you don’t really own any of your social media profiles, or even the shiny new website your brokerage provides for you. 

While you might be tempted to add bells and whistles to your website, like IDX listings, lead capture, landing pages, and a customer relationship manager (CRM), make sure it reflects your personal brand first. For a good example of a website that centers personal branding, check out Carlin Wright’s website above. Notice how she uses her lifestyle picture front and center? This was no accident. Her website is about her, not “real estate.” 

If you want a site like Carlin’s, you can hire her designer, Luxury Presence, to build and host your website starting at around $180 per month, plus design fees.

Visit Luxury Presence

Or, if you want more control and want to level up your own skillset, check out our guide to building a website using WordPress here:

Related Article
How to Build an IDX Real Estate Website in an Afternoon (2022)

4. Strategically Designed Business Cards

Strategically-Designed Business Cards

Even in the age of Realtor TikTok stars, there’s just something about a well-designed business card printed on quality paper stock that can’t be beat. Sure, popping up in someone’s social media feed once a week is great, but your business card might get pinned to a bulletin board, kept in a wallet, or sit on someone’s desk for months on end. Not bad for a 50-cent piece of paper, right?

Of course, like your website, your business cards should reflect your personal brand. So make sure to use your brand colors, fonts, and if you’re brave enough, your headshot. As far as strategy goes—whether you’re working with a designer or creating them yourself—it can be helpful to ask yourself, “Is this a business card I would keep? Why or why not?” If the answer is no, you need to go back to the drawing board.

Related Article
The Best & Worst Real Estate Business Cards of 2022

5. A Facebook Business Page

A Facebook Business Page

Even though your teenage niece will probably tell you Facebook is like, SO over, you still need a business page, even if you never post on it. Why? Demographics. The average age of a Facebook user is a little over 40 years old, and a whopping 20% are over the age of 55. Sounds dull, right? Well, what if I told you that according to data from Zillow, the average age of a homeseller is 45

With demographics like that, a Facebook Business page is not optional for serious Realtors. It’s not all about demographics, though. If you want to advertise on Facebook or Instagram, you will need a Facebook business page. So even if you also think Facebook is like, SO over, you’re going to need to build one. 

If you don’t already have one, we have an easy step-by-step guide to building a Facebook business page here:

Related Article
How to Set Up a Real Estate Agent Facebook Page to Get More Leads

6. Postcards (That Look Like Instagram)

Postcards that looks like Instagram

Want to get laughed at? Tell someone under 30 that you’re sending them a postcard. If they’re under 20, you might have to actually explain what a postcard is. Of course, while we have nothing against 20-year-olds, they’re not exactly the right audience for your real estate marketing materials. Not even close. 

According to the National Association of Realtors (NAR) 2021 Homebuyers and Sellers Generational Trends Report, the average homebuyer is 47 years old. Take it from me, people our age like getting postcards and older people LOVE getting postcards. My mother is in her seventies, owns several homes, and sits down on her recliner every morning to go through her mail. You know where she’s not spending her mornings? TikTok!

But just because you’re sending postcards doesn’t mean you can’t have fun with them—assuming your personal brand is fun, that is. For example, check out the Instagram-inspired postcard from Coffee & Contracts above. Why use Instagram-inspired design for your postcards? Simple. Television ads and even ads in newspapers are inspired by online design trends these days. 

You can check out more real estate marketing templates from Coffee & Contracts, including Instagram Reels templates and memes, from The Broke Agent here:

Visit Coffee & Contracts

7. An Email Newsletter

Email Newsletter

Like postcards, email newsletters are another crucial marketing material that will make your niece roll her eyes. It also happens to be one of the best ways to market to your sphere. Why? Simple. You don’t own your social media profiles, but you do own your email list. 

Email is also much easier to scale than social media, and much less expensive than pay-per-click (PPC) advertising. The return on investment (ROI) for your time and effort is also better. According to statistics from Campaign Monitor, the average open rate (what percentage of your list opens one of your emails) is 21.7%. So as long as you keep growing your list, the number of people you reach with your content will continue to grow without any extra work. 

If you plan a content calendar for your email newsletter, you can keep your sphere engaged for years with just an hour or two of work per week. Here are a few easy real estate newsletter ideas to get you started:

Related Article
5 Easy Real Estate Newsletter Ideas With High Open Rates (+ Examples)

Over to You

Do you think these are the right real estate marketing materials every agent needs to build their personal brand? If not, what would you include instead? Let us know in the comments.

The post 7 Real Estate Marketing Materials That Will Help You Build a Better Personal Brand appeared first on The Close.

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What’s Your Real Estate Sales Personality? Take Our Quiz & Find Out https://theclose.com/real-estate-sales-personality-quiz/ https://theclose.com/real-estate-sales-personality-quiz/#respond Mon, 25 Apr 2022 20:47:48 +0000 https://theclose.com/?p=21185 Take our real estate sales personality assessment to better align your lead generation strategy to your natural abilities and personality.

The post What’s Your Real Estate Sales Personality? Take Our Quiz & Find Out appeared first on The Close.

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Over the course of my 27-year career, I’ve worked with or coached highly successful real estate professionals of nearly every personality type. How did they achieve success? Simple. They adapted their approach to real estate sales to fit their personality. In this article, I’ll share how you too can find success in real estate by aligning your approach to your business with your innate sales personality.

The first step is to take my 10-question real estate sales personality assessment. As a certified MBTI practitioner and real estate coach, I have used this assessment with more than 1,000 people—from brand-new agents to billionaire real estate CEOs. I sincerely hope that it helps you too. 

For this assessment to work for you, you need to take it seriously. If you don’t answer the questions as honestly as possible, the results won’t help you, and they may even lead you down the wrong path. Once you’ve finished the assessment, return here for resources to help you tailor your lead generation approach to your personality. See you soon!

Take My Quiz

The Best Lead Generation Strategies for Every Personality Type

Here is a rough overview of the different lead generation strategies that work for each personality type. Just make sure you take the quiz to find your own real estate sales personality. Below the strategies, we include some helpful resources to get you started.

Real Estate Sales Personality TypeBest Lead Generation Strategies
The VisionaryFirst-time buyer seminar
Downsizing techniques
Real estate investing
Short-term rental
Real estate development
Real estate banking and lending
Common property and prenuptial guidelines
Real estate legacy planning
Real estate tax issues
Zoning and land use
The Diplomat Volunteering
Working closely with local community niche (veterans, first responders, etc.)
First-time buyer seminar
Educational YouTube videos
The AdvocateGeographic farming
Direct mail
Door knocking
Hosting local events
The AdviserReal estate blogging
Educational YouTube videos
The Strategist Direct response marketing
The DebaterInternet lead funnels
The GeneralStarting and leading a team
The Authority Telemarketing
The CreatorPop-by marketing
The MissionaryBooths and trade shows
The Analyst Proven sales plan—LinkedIn
The ParticipantDoor knocking

Why Finding Your ‘True Self’ Will Help You Succeed as an Agent

Finding Your True Self and become successful agent

As Shakespeare said, all the world’s a stage and we all have many roles to play. In my life, I have three main roles: parent, spouse, and real estate agent. Each of these roles requires me to behave and respond accordingly to meet each unique situation.

Think of each role as wearing a different hat. When I am wearing my parent hat, I must be responsible, polite, and calm. My spouse hat helps me to be patient and loving, and when I wear my real estate agent hat, I must be confident, outgoing, and responsive.

But who am I really? Who am I when I’m not a parent, spouse, or real estate agent? What is my true self? The real Sean is the person I have always been. From the time I was four years old, through my twenties, today, and someday, into my sixties. It’s the part of me that doesn’t change. 

In order to succeed at real estate, I had to dig deep and find my true self through tools like the MBTI. I discovered my true self loves reading, learning, and spending long periods alone. This doesn’t sound much like the personality of a nationally recognized, top-producing real estate agent and real estate coach, does it? Fortunately, I have found ways to incorporate the real me into my real estate career so I don’t lose interest or burn out … and so can you!

Why Aligning Your Personality to Your Business Is Crucial to Your Success

man's hand holding compass

Your personality plays a crucial role in your success (or lack of it!) in real estate—but not in the way you might think.

Too many unsuccessful agents try (and fail) to adapt their personalities to “fit in” better as real estate agents. They think they need to be highly extroverted to succeed, so they push themselves way too hard to “become” the fast-talking extrovert they see on “Million Dollar Listing.” This approach is doomed to failure, and at the very least, it’ll make you miserable in your chosen career.

To achieve long-lasting success and happiness in real estate, you must approach your business in a way that’s aligned with your personality. Here’s why. Studies show that changing your personality is incredibly difficult, if not impossible, for most people. The scientific evidence is clear. While most people understand that our upbringing and life experiences shape our personalities, modern researchers have discovered that our personalities are also partially determined by genetics. 

So that means the harder you push against your personality type, the more miserable you will be, and the faster you will burn out. I’ve seen this happen many, many, times in my career.

Personality Is Crucial, but Sometimes You Still Need To Eat the Dog Food…

I would love to tell you that you will always enjoy every part of your real estate career, and you will never have to do the things you don’t enjoy, but that would be a lie. While personality is a critical factor in determining your approach to real estate, it’s not the only factor. Your budget and urgency will also play an essential role in determining the best strategy for your success.

Suppose you have an unlimited budget and the time to slowly develop your real estate business over many years. In that case, you could write a blog that ranks number one on Google or become a real estate influencer on social media. I know agents who have done both, but again, it took them years to get to this level. 

Short-term goals and urgency to make money will often require you to do things outside of your comfort zone to achieve the results you want in the time frame you want them. The good news is, we all can “flex” out of our personality preference for short periods of time.

This means that even I can “eat the dog food” and spend a few hours each quarter calling my sphere of influence (SOI) to invite them to an ice cream social. 

However, if we stay outside our comfort zones for long periods, we can become stressed, irritable, or worse, burnt out. This is one of the main reasons many top-producing agents eventually fail. They spend years forcing themselves to work outside of their comfort zone, and eventually, they burn out. Ask me how I know.

As a result, I sought out a personality assessment to help me better understand the agents I was coaching, with a goal of helping them build sustainable real estate careers that complement their strengths. I wanted them to be excited about the business again.

Next Steps: Learn My 16 Strategies for Real Estate Success

16 Strategies for Sales books

Want to stop pushing the boulder up the hill for good? My book, 16 Strategies for Sales, will help you laser-focus your lead generation strategy so that it works seamlessly with your personality, not against it. 

Get the Book

Bottom Line

Knowing your real estate personality will provide you with a deeper understanding of the best approach to grow your real estate business. You can increase your sales by gaining awareness of your personality type and adapting a sales strategy that complements your innate strengths and abilities.

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What To Do When You Lose Your Motivation as a Realtor https://theclose.com/what-to-do-when-you-lose-your-motivation-as-a-realtor/ https://theclose.com/what-to-do-when-you-lose-your-motivation-as-a-realtor/#comments Fri, 15 Apr 2022 06:00:00 +0000 https://theclose.com/?p=1878 If you’re tired of feeling stressed and unproductive, here are some proven strategies to get your mojo back, and get back out there.

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Trying to pull yourself out of a real estate motivation slump and still hitting a wall? We’ll be honest, it has happened to most of us. Real estate can be a lonely grind, and we’ve all had days or even weeks when we’ve lost our motivation. While this is an all too common problem, we have some proven strategies and resources to help you get your mojo back—and start kicking butt and taking names.

1. Slow Down & Take a Break

Many struggling agents drop out of real estate or pile on more work when they hit a slump of real estate motivation. We want to gently nudge you in a different direction because we bet you can get that motivation back no matter what challenges you’re facing. 

Let’s start with the fact that research increasingly shows that it’s general happiness that drives work satisfaction. Shawn Achor, author of “The Happiness Factor,” argues that 75% of success is predicted by three things: optimism, social connections, and how you perceive stress.

There is an important correlation between burnout and quality of life. So while many people pile on additional busy work when they are struggling, it might backfire and make you feel even more overwhelmed and tired.

Instead, do the opposite.

Let’s focus on that 75% factor. Reducing stressors in your life, changing your schedule, hitting concrete objectives, and working on improving happiness can get your motivation back and help you to begin hitting your goals.

Related Article
Realtors: It’s 2022, Why Are You Still Working 70 Hours a Week?

2. Identify & Solve Your Most Pressing Problems 

Your problems are virtually impossible to deal with when they’re tearing around in your head, so take a few minutes in a quiet space to write each one down. They might not look as scary on the page as they do in the deep recesses of your imagination at 3 a.m.

These nagging issues are weighing you down like anchors, literal drags, and will zap you of all real estate motivation. The solution is to develop actionable, concrete plans for each problem. 

Have a medical issue you’ve been putting off? Schedule that doctor’s appointment.

Have toxic friends who only hold you down or stress you out? Got to cut them loose.

Of course, not all the obvious stressors in your life will be this clear-cut, and you probably won’t be able to fix all of them in one day. That’s OK—just do your best and make a plan to address the ones that need more work.

Freeing yourself of anchors allows you to be more optimistic and less stressed so that you can focus on bigger and more complicated problems.

3. Divide & Conquer Your Schedule

Now that you have identified and worked out solutions for some of your stressors, it’s time to tackle your schedule. Scheduling is a common cause of feelings of helplessness and chaos. No one really prepares you for how overwhelming it can be to run your own business.

One important way to conquer your schedule is to be highly specific when assigning tasks. For example, don’t just schedule “lead generation”—schedule specific tasks you want to complete, like “email three warm leads.” Put specific tasks into specific time slots and stick to them. Be sure to schedule your most challenging tasks first thing in the morning when your mind is sharpest. 

Also, try to limit your distractions and interruptions. If you can break up your work into specific tasks, schedule them early, and truly focus on each one, research indicates that you’re more likely to get more done with less time procrastinating. Achieving these small goals will go a long way to helping you regain your real estate motivation.

Related Article
The Morning Routines of 12 Rock Star Agents [+ 8 Tips to Start Your Day Better]

4. Make Time for Relaxation & Fun

Believe it or not, scheduling time to grab lunch with a friend or go to a fitness class makes you better at your job. If you have a hobby you want to get back to, time with friends you’ve been skipping, or something new you hope to try, it’s time you made it a part of your life.

📌   Pro Tip

Consider volunteering with an organization related to real estate, like Habitat for Humanity.

Instead of selling a house, build one. You’ll help your community, work some muscles, feel a real sense of accomplishment, and maybe even have a rejuvenated sense of purpose.

5. Lean on the Experts

There are some incredible resources out there from agents and brokers who’ve been in your exact position. Videos, TED Talks, books, and even inspirational quotes can help you find a little kernel of wisdom or a tip for mental fortitude that will help you soldier on when you lose that drive. 

A great starting point is to learn how top agents regained their lost real estate motivation. You’ll gain tips and insights from the experts, and perhaps most importantly, you’ll see that you’re not alone in feeling this way.

Our collection of the 28 best real estate books has a few that are perfect for building motivation, including Angela Duckworth’s “Grit” and Leigh Brown’s “Outrageous Authenticity.We find ourselves coming back to these again and again.

the best books for transforming your real estate career

We also have a selection of our favorite 19 TED Talks that specifically speak to building real estate agent motivation. Dan Pink’s “How Motivation Can Be Hacked to Take Your Career to the Next Level” and Kelly McGonigal’s “How to Make Stress Your Friend” are especially helpful. 

And if you enjoy videos, check out our 27 best YouTube channels for real estate agents and our own YouTube channel, where you’ll find content like our Top 5 Real Estate Productivity Hacks.

Podcasts can be another way to tap into motivational expert advice and experience. We have our own podcast, The Close Weekly, where we bet you’ll find some helpful resources, and we also have this list of nine other excellent podcasts that agents should listen to every day

If you’re short on time, check out our compilation of 89 motivational quotes, which speak to failure and success and offer genuine wisdom. We especially love one from Terrica Lynn Smith, a broker, author, and motivational speaker: “…you need to be courageous, even when things come up against you … you need to be vibrant because your energy is what’s going to attract your business.”

6. Be Receptive to New Ideas

As you dive into these quotes, books, and videos, remember that you have a lot of control over how you receive all of this expert advice. 

According to Stanford professor Carol Dweck, there are two mindsets that people typically have: a fixed mindset, where individuals believe they simply have certain traits and can’t change, and a growth mindset, where people believe there is no limit to what they can accomplish.

According to Dr. Dweck’s research, people with growth mindsets generally take more chances and have greater success. She argues that someone with a growth mindset sees challenges as exciting, focuses on the process of building, tracks trial and error, forgives imperfection, and develops grit and persistence.

So as you’re looking to the experts to help you regain your motivation for success in real estate, remember to focus on maintaining that growth mindset.  

7. Revisit Your Goals & Set Some New Ones

We bet at some point in your career, you’ve set some goals for yourself—where you want to be in a year, three years, and five years. Maybe you’ve even broken it down into financial and personal goals.

Take some time to revisit these goals and think about what is actionable and what can be achieved long term. For example, maybe you want to hit a certain number in sales, but your weekly goals need to be broken down to more actionable to-do’s and tasks. Did you set a goal to make 100 calls a week (20 per day), and you hit that goal? Congratulations! 

8. Level Up With a Checklist

While we strongly encourage you not to pile on work for yourself when you need a reset, there are opportunities for leveling up that feel manageable and concrete. Ask yourself, do you see ways to be challenged? An area where you can practice or stretch yourself?

At The Close, we love checklists. When you feel that loss of motivation, these actionable step-by-step guides might be just the thing to lead you out of it. Here is a list of our favorites that could help you bump up to the next professional level and reach some of your loftier objectives.

Related Article
5 Must-have Real Estate Buyer Agent Checklists (PDF Download)
Related Article
7 Ways Top Agents Prepare for Listing Appointments (+ Checklist & Scripts)
Related Article
Sean’s 47-Point Ultimate Real Estate Listing Marketing Plan (PDF Checklist)

9. Tap Into Your Creative Side

If you’re feeling a little burned out by the business side of things, consider taking a break to focus on something business-related but creative. Consider a new logo, business card, or maybe make an infographic. Tap into that right brain for a little while and have some fun with our guides, templates, and generators for branding and marketing.

10. Consider Taking a Course With Actionable Content

There are plenty of real estate courses that promise maximum success with minimal effort. But we’ve found one that’s a little different, and it might be just the kind of class you need. 

Ryan Serhant, of “Million Dollar Listing New York” and SERHANT., has put together a crash course on branding and sales called “Sell It Like Serhant.” You can read our in-depth review here, but its strength is that it’s extremely actionable. He and his fellow instructors lay out a clear strategy, complete with step-by-step guides and an in-depth workbook. 

It’s not cheap, but if you’re really looking for something to shake it all up, this course could be the key to rethinking your entire professional strategy. 

Learn More

Bonus Tip: Take a Deep Breath

Yes, I know. It’s a cliche. But it’s a cliche because it works. 

Stop whatever it is your doing and breathe along with the animation below for at least a full minute:

(Source: dailyburn.com)

Keep practicing your breathing whenever you feel the stress taking over, and take a look at our article on meditation for some beneficial videos.

Related Article
Meditation for Real Estate Agents: 4 Easy Ways to Reset & Thrive in 2022 (VIDEO)

Bringing It All Together

You can do this! And we’re here to help. 

Conquering your lack of motivation takes courage and a lot of chutzpah, but if you trust these tips, you’ll come out the other side feeling better and back on track. 

After all, the sparks of motivation begin when you start seeing the possibility of what you can do, not when you’re focusing on what other people are doing.

Over to You

We hope we’ve given you some strategies to get back on track. If you’re someone who has gone through bouts of a lack of real estate motivation and have some wisdom to share, please let us know in the comments.

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9 Real Estate Agent Bio Examples We Love (+ Templates & Bio Generator) https://theclose.com/write-real-estate-agent-bio/ https://theclose.com/write-real-estate-agent-bio/#comments Wed, 13 Apr 2022 16:00:03 +0000 https://theclose.com/?p=3439 A real estate agent bio is a crucial part of your marketing strategy and branding, so use our templates, bio generator, and buzzwords to spice up yours today!

The post 9 Real Estate Agent Bio Examples We Love (+ Templates & Bio Generator) appeared first on The Close.

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A real estate agent bio is a crucial part of your marketing strategy and professional branding. An effective real estate bio sums up who you are and your value proposition—telling buyers and sellers why they should want to work with you. A well-crafted real estate bio can mean the difference between a lost lead and a new client.

In this article, we offer a host of great tools to help you write a new bio, including our exclusive, mad-libs-style bio generator, three free real estate bio templates, nine bio examples that we love, plus a list of industry buzzwords to help spice up your writing. Use our exclusive real estate bio generator as a starting point.

The Close Exclusive Real Estate Agent Bio Generator

Fill in some important details below. Our Real Estate Agent Bio Generator will plug your input into one of our road-tested bio templates.

Your Generated Bio

, is a great place to live and work, which is why chose to call it home. With roots in , came to in . Real estate is a passion for , with a background in , it is easy to see why more than clients called for help buying and selling.

has been a part of the family for years and is passionate about helping clients take the next step in their homeownership journey. volunteers with and loves being a part of other community events.

When ​​isn’t in the office or volunteering, you’ll often find and enjoying time with friends and family.

Real Estate Bio Templates

Our three free real estate bio templates were designed exclusively for our readers. Download these templates or copy them to your clipboard to make them your own.

New Real Estate Agent Bio Template

This template is perfect for new real estate agents without a lot of experience to lean on. Focus on your community ties, your excitement, and your enthusiasm, and show your potential clients who you are.

Successful Real Estate Agent Bio Template

Your bio isn’t written in stone; you should revisit it at least once a year to see what sort of tweaks you can make to sharpen your message. Here’s a real estate bio template perfect for those of you who are coming off a very successful year and want to further that momentum.

Long-form Real Estate Agent Bio Template

Sometimes you’ve got a little more room to write, but that extra space can be intimidating. Here’s a good bio template for times when you have room to really express yourself.

Download Your Free Real Estate Agent Bio Templates

9 Real Estate Bios We Love

Before you dive headfirst into writing (or rewriting) your bio, take a look at these examples of real estate bios from rock star agents and brokers from around the country. Find ways to incorporate their savvy strategies into your new bio.








Want to Outsource Your Real Estate Bio Writing?

If writing a real estate bio is high on your to-do list but you can’t find the time, consider hiring a freelancer to do it for you. Fiverr is a resource of professional writers willing and able to put together a killer real estate bio for you—for a price as low as five bucks.

Find a Freelancer on Fiverr

Real Estate Bio Toolkit: 4 Tips to Write a Great Bio

Ready to start writing a compelling real estate agent bio? Before you put pen to paper, review these tips designed to help you craft an engaging bio that will connect with readers and convert leads into clients.

1. Your First Sentence Is Crucial

Inspirational speaker Matthew Ferrara has said that many people will make up their minds about you in the very first sentence of your bio. Don’t use that sentence to meander your way toward your message. Jump right into demonstrating your value and capture your reader’s attention early.

2. Bigger Is Not Better

A longer real estate agent bio does not make you seem more impressive. In fact, it makes it less likely someone will even read it at all. Studies show that 50% of readers won’t read more than a single screen worth of text on their phone. Keep your bio to less than 200 words and make them captivating.

3. Social Media Links Are a MUST

A great bio will make a reader say, “I’d like to learn more.” Include links to your social media to give them that opportunity. However, if you don’t regularly engage with your audience on social media, including social links in your bio can be detrimental. Remember to only link to platforms where you spend time online.

Related Article
5 Ways to Be the Most BORING Agent on Instagram (& How to Stop!)

4. Use Your Brokerage’s Clout to Build Your Own

Your brokerage has likely invested a lot of time and money in building its reputation in your community. You can leverage these investments to springboard your professional reputation—building on the good vibes they’ve already established. If their ideals run counter to your own, you’re likely at the wrong brokerage.

Spice Up Your Real Estate Agent Bio With These Buzzwords

Struggling with the perfect description for yourself and what you do? Here are some of our favorite buzzwords and descriptors:

AuthenticExemplaryPersistentSophisticated
CapableExperiencedPersuasiveSought-after
CaringFriendlyPrincipledSteadfast
ChicGenerousProductiveStrategic
Community-focusedGenuinePurposefulSupportive
ConsiderateGratefulQualifiedTech-savvy
ConsummateGroundedRefreshingTenacious
CreativeHappyRelentlessThorough
CredibleHelpfulReliableThoughtful
DecisiveHonestReputableTough
DependableIn the knowResoluteTrusted
Detail-orientedInnovativeResponsiveTrustworthy
DetailedLoyalSavvyUnderstanding
DeterminedMatureSeasonedUnfailing
DiscerningMeticulousSensibleUnshakeable
EmpatheticModernSincereUrban
EnergeticOutstandingSkilledWarm
EthicalPatientSkillfulWell-rounded
ExceptionalPerceptiveSmartWell-versed
Related Article
Real Estate Branding: How to Build Your Brand (+ Case Studies)

Bringing It All Together

Someone who has chosen to read your bio is clearly interested in you. They want to see if you’re a good fit both personally and professionally and get a sense of what it would be like to work with you. Why not give them what they’re looking for? 

If you’re authentic and let your personality shine through, your real estate agent bio may serve as the very first step toward a new client relationship that could last for years. Please share any questions you may have about writing an effective real estate agent bio in the comments section below!

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97 Real Estate Infographics + How to Make Your Own & Go Viral https://theclose.com/real-estate-infographics/ https://theclose.com/real-estate-infographics/#comments Wed, 13 Apr 2022 00:38:56 +0000 https://theclose.com/?p=2079 Real estate infographics are one of the most engaging ways to get your message in front of your audience and get your content shared far and wide.

The post 97 Real Estate Infographics + How to Make Your Own & Go Viral appeared first on The Close.

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Studies consistently show that when you add colorful infographics to text, your audience’s willingness to read your message increases substantially. Sounds like a perfect way to increase audience engagement with your real estate marketing, right? We think so too! 💯👍 This collection of helpful real estate infographics is designed to inspire you, covering topics for buyers, sellers, first-time homebuyers, and so much more.

We’ve also included a helpful guide to creating your own infographics, a list of tools and resources, six customizable templates, plus some tips on how and where to share them to maximize engagement…and maybe even go viral.

Get Free Infographic Template

97 Infographics Designed for Buyers, Sellers & Real Estate Agents in 2022

Our collection of infographics is designed to inspire you, giving you examples of how shared with clients can position you as a subject matter expert (especially if you use graphics customized for your market). They’re ideal for sharing with clients to explain the various processes involved in buying or selling a home. 

Have a client who’s starting the buying process? Send one about the mortgage process. Have clients who are thinking about selling? Check out the infographics on staging a house. We even have some humorous real estate infographics that only agents will appreciate.

14 Infographics for Buying Real Estate

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6 Infographics for the Mortgage Process

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10 Infographics for Selling Real Estate

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4 Infographics for Closing

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5 Infographics for Moving


14 Infographics for Homeowners

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9 Infographics for Real Estate Marketing


10 Infographics Just for Agents

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25 Non-Real-Estate Infographics for Inspiration


Why Real Estate Infographics Work Well for Realtors & Brokers

Are you not entirely sold on real estate infographics yet? Do you think your plain Jane emails and blog posts are going to work better? Well, here are a few extremely persuasive reasons you should be using infographics as part of your marketing arsenal.

Colorful Visuals Are More Engaging to Readers

Picture this. You’ve just spent a long day plowing through emails and sitting through endless meetings when you get an email from your real estate agent.

You like her, but you’re still not quite 100% sold yet. Curious, you open the email and are presented with a wall of text. Do you read it or quickly close the tab and jump back on Instagram?

If you’re anything like the rest of us, that text looked like homework. More to the point, it looked like totally optional homework.

Infographics Can Inform, Teach, Entertain, or Persuade

Here’s a helpful analogy to understand the power of real estate infographics: if your email is a book and your video is a movie, infographics are comic books. They’re handy instructions with useful diagrams: easy to follow and remember, and useful enough to save for later.

Infographics Can Go Viral & Help Build Your Brand

Savvy real estate agents are always looking for content to share—and what better than a colorful, helpful infographic. Here’s the thing, though. Most agents have no clue how to make one. 

How to Create Real Estate Infographics for Real Estate Quickly & Easily

Now that you’ve got dozens of sweet infographics you can share with your sphere, you probably think you’re all set, right? Not so fast.

While these real estate infographics are pretty amazing, they’re not helping your brand, are they? Many of them are promoting someone else’s brand. 

Well, as promised, here is our quick rundown for creating your own eye-catching infographics that you can brand as your own.

Here’s what you’ll need:

  1. A good topic for an infographic. What common questions do you get that would make a compelling infographic? Think about what pain points your buyer and seller leads have and create something to help them.
  2. A free account or subscription―around $10 per month―to an online design service like Canva. A subscription allows you to access more templates, images, fonts, and more. It’s a small price to pay for professional-looking infographics.
  3. An outline of what big ideas you want to share and the background information you think your audience needs to know. 
  4. About 20 minutes.

Canva is generally considered the easiest to use and is our pick when it comes to design options. However, all the sites listed here offer templates, tools, and other bells and whistles you might prefer.

Once you have an account set up, choose a template, and start designing your infographic. Remember to keep your text small, but not too small. Otherwise, it will be tough to read on smaller monitors and phones.

Keep images and colors bright and eye-catching. You want your audience to read your infographic, but also save it and send it on to their friends.

Once you have a design you’re happy with that is in keeping with your branding (font, colors, etc.), add your logo and contact information to the bottom, and save your infographic as a PNG.

Remember to save a copy in Canva or whatever application you use so you can edit and update it later if your information changes.

6 Customizable Infographic Templates

You can also use these Canva templates to create your own custom shareable infographics. They are perfect for social media and even listing presentations. Clients will learn some real estate basics and you’ll look super creative and tech savvy. 

List with Me

Contract-to-Closing

Mortgage Pre-Approval Checklist

Staging Advice

Local Housing Market

Information on Your Brokerage 

7 Tips for Making Great Infographics

While the applications you need to make real estate infographics are relatively easy to use, making an infographic that will go viral and capture the world’s attention isn’t. Here are a few tips to make sure your designs not only look great but actually do their job.

1. Don’t Crowd Too Much Text in a Small Space

One of the biggest mistakes people make when creating infographics is to jam tons of information into too small an area. Unless you think your audience will have magnifying glasses handy, make sure you don’t use too much text.

2. Learn the Basics of Color Theory

Some colors just look terrible with other colors, so take the time to learn about complementary colors and the basics of color theory before you start designing.

3. Use Illustrations Instead of Photos

Illustrations generally work better than photos. First, because photos are rectangular and hard to place, and also because illustrations are easier to “read” at a glance.

4. Understand Sizing for Social Media Posts

Infographics will shrink to fit your social media feed which means they may not be legible when downsized, especially on mobile phones. There’s not much you can do about it, so just try to make them look sharp so people will want to click to make them bigger.

5. Don’t Try to Use Shapes Other Than Rectangles

Infographics are rectangular, so they fit onto mobile devices, including phones and tablets. If you try using large squares or horizontal rectangles, they’ll be too hard to scroll and read on both. 

6. Hire a Pro for Listing Presentation Infographics

Canva works well for infographics, but when it really matters, hire a professional graphic designer who can take your design and ideas to the next level. Of course, if you’re going to spend the money on a pro, you probably want to create evergreen infographic content that you can use again and again.

7. Make Sure They ‘Flow’

The best real estate infographics explain complex processes in a simple, visual way. Step-by-step instructions, for example, flow from one to the next and work well as infographics.

Where to Share Your Infographics for Maximum Impact

Want to share some of the infographics in this article or infographics you’ve created on your own? Here are a few places to share them where you’ll get maximum engagement.

Pinterest

Pinterest is a massive social media site and “visual discovery engine” with more than 440 million active monthly users (and counting!). It’s also 100% visual, so your infographics will be shared like hotcakes. Even better, Pinterest has a search function, which means other users will find your infographics if you add the right description and title.

Related Article
13 Powerful Pinterest Real Estate Marketing Ideas From the Pros

Your Email List

Include infographics in your emails, and to increase your open rates, signal to your recipient list what they’re getting if they open your email. For example, if you want to share info about closing costs, a good email subject line would be: 15 Things Every Buyer Needs to Know About Closing Costs (Infographic).

📌   Pro Tip

Send the right infographic to the right segment of your audience. A 65-year-old homeowner will probably not be interested in a first-time homebuyer’s guide.

Twitter

If you want lots of retweets from coworkers and industry contacts, tweet your latest (useful, usable, and easily digestible) infographic.

Instagram

Because Instagram will likely replace Facebook and Twitter to become the social media channel of choice for millennials, your infographics will be a welcome change from the boring and repetitive listing photos your competitors are posting.

Your Blog

Using bold, colorful real estate infographics in your posts will greatly increase the chance your audience will read them. Even better, it gives them an excuse to download something from your website that also has your URL and branding on it. Now, instead of being in the back of their mind, your branding will be in their download folder.

Where to Find More Real Estate Infographics

Want more compelling infographics or don’t have time to make your own? Here are a few sources for impactful real estate infographics to share. However, don’t put your logo on them, as they are copyrighted content. 

If you love infographics, then bookmark this page. We will be updating with new and awesome infographics periodically. Stay tuned.

Over to You

If you’ve made it this far, you’re either stoked about real estate infographics or bored. Either way, there is a 100% chance you have questions, and we have answers. So, go ahead and ask us in the comments section below.

The post 97 Real Estate Infographics + How to Make Your Own & Go Viral appeared first on The Close.

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Convert More With This 4-Step Real Estate Lead Management Strategy https://theclose.com/real-estate-lead-management-strategy/ https://theclose.com/real-estate-lead-management-strategy/#respond Fri, 01 Apr 2022 01:37:28 +0000 https://theclose.com/?p=34968 Convert more leads with our 4-step real estate lead nurturing & management strategy, and turn 2022's high volume of leads into closed deals.

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Realtors face an unexpected problem, and here’s the refrain I often hear from them, “Chris, I need to generate more leads!” I’d argue that that’s not true. As an industry, lead volume has increased more than sixfold since 2016. We’re actually generating more leads than we ever have before.

Our real problem isn’t a question of volume—it’s conversion. Despite this explosion in lead volume, agents nationwide aren’t turning them into clients at nearly the same pace. How do we solve our conversion problem? First, we’ll share the four primary reasons real estate leads don’t convert, and then give you an effective real estate lead management strategy that can address them. Plus, we’ll provide the tools you’ll need to get started. 

The 4 Reasons Real Estate Agents Aren’t Converting Leads

Real estate agents everywhere are suffering from terrible conversion rates. Only a small margin of that sixfold increase in leads we discussed are becoming actual buyers and sellers. It’s not uncommon for typically performing agents to convert only 1-2% of their online leads—sometimes even fewer. Why is this rate so low? Here are four major reasons.

1. Speed to Lead

We live in an instantaneous customer service environment. When a prospect completes a real estate lead capture form, they expect to hear back from someone on your team within minutes. The reality is, the typical real estate agent is responding to leads within days, not minutes, starting a relationship off on exactly the wrong foot. Any delay will immediately lower your potential conversion rates.

Related Article
How to Build Rapport With Inbound Leads, Quickly [+ Scripts]

2. Fumbled Lead Handoff

It’s rare that a real estate lead is generated, addressed, and converted by the same person. More often than not, there are multiple services or people in the process, which generates opportunities to miss important details when a lead is handed off to the person who will ultimately service them. 

In marketing, we call this a “leaky funnel.” As leads are progressing down the sales funnel toward a transaction, they drop out because of poor communication and unmet expectations.

3. Consistent, Multitouch Follow-up

Many Realtors make the mistake of thinking that the leads they generate online from their website, social media, or services like Zillow Premier Agent will be consistently hot, ready-to-buy-and-sell-tomorrow leads. That simply isn’t the case. 

In fact, it’s not uncommon for leads who have personally requested a direct follow-up from you to require multiple, varied messaging before you ever make contact. Too many Realtors will reach out to a lead once and never do so again after they leave a single voicemail.

Related Article
How to Master the Follow-up Phone Call in 2022 (+ Scripts)

4. Effective Lead Prioritization

Your leads aren’t just names and numbers on a spreadsheet. They’re people with their own timelines, priorities, and levels of urgency. Realtors who don’t have a system to sort leads by priority based on opportunity, need, and customer-service value will end up missing a chance to convert because they’re not striking while the proverbial iron is hot with the right clients at the right time. 

Solving the Conversion Problem: Real Estate Lead Management Strategy in 4 Steps

Real Estate Lead Management Process

To solve the lead conversion problem and overcome these four hurdles, you need an effective real estate lead management strategy and ideally, an easy-to-use platform to help you execute your plan. 

Top Producer, paired with their exclusive real estate lead management platform FiveStreet, offers tools to respond to your leads faster, follow up consistently and effectively, create a seamless handoff to the right person, and prioritize your high-value leads above all others.

Visit FiveStreet

Related Article
Top Producer CRM Review + Video Walk-through

Step 1: Activate Your Lead Autoresponses

Which conversion problems does this step solve?
Speed to lead + consistent, multitouch follow-up

Effective auto-response tool

Autoresponders are your first line of defense against poor conversion rates. An effective autoresponse tool both answers questions before they’re asked as well as opens the door to conversations that will lead to active clients. 

In an industry when an agent’s time is often gobbled up by showings, closings, and other vital face-to-face client interaction, we can’t always jump to provide a personalized response in real time. Autoresponders allow you to meet consumer expectations without sacrificing the important face-to-face interaction needed to get you to the closing table. 

Ready to activate your lead autoresponses? Here’s what to do: 
First, you need a customer relationship manager (CRM) or a lead management system like FiveStreet that offers autoresponders. When a new lead comes in, we suggest sending two messages:

  • Email: Send an automated email to any lead that introduces yourself and your team (if you have one), and connects your prospects with any of the important places you’re active. We recommend links to your social media, your blog, and your website, as well as links to client resources like buyer-readiness checklists, your digital listing presentation, and more.
  • Text message: Send an automated text message to any lead who acknowledges that their request has been received and you’re looking forward to helping them. Encourage your recipient to respond directly to the text message with questions, specific needs, and more.
Related Article
The Best Real Estate CRM for 2022: In-depth Reviews & Pricing

Step 2: Distribute Leads Seamlessly to the Right Person

Which conversion problem does this step solve?
Speed to lead, fumbled lead handoff, effective lead prioritization

Distribute Leads Seamlessly to the Right Person

If you’re a solo real estate agent covering the soup-to-nuts operation, this step isn’t for you. But, if you work with a team, or even if you hire a virtual assistant, an Inside Sales Associate (ISA), or engage in any type of paid lead generation, your leads need to be handed off. 

A manual, ad-hoc lead handoff process leads to missed communication, sloppy follow-up, and low conversion rates. An automated, trackable lead distribution system like the one offered by FiveStreet takes the guesswork out of getting the right lead to the right person in a timely fashion. 

Ready to start assigning leads seamlessly to the right person? Here’s what to do: 

Depending on the size of your operation, you can take one of two approaches:

  • Solo agent: Set up a tracking system using a spreadsheet (or, if you’re a FiveStreet user, use their lead tracking dashboard to get a sense of exactly when and where your leads are coming from). Next, record your efforts to reach out and convert them in your CRM (like the one offered by Top Producer). 
  • Real estate team: First, determine which types of leads are right for each team member; for example, send listing leads to listing agents and buyer leads to buyer’s agents. Then, set up a lead broadcast system (FiveStreet offers an excellent option here) that directs the right leads to the right team members, at the right time.

📌   Pro Tip

This isn’t a set-it-and-forget-it strategy. If you go through the process of setting up a lead broadcast system, monitor your agents’ effectiveness with the leads they receive. FiveStreet’s analytics dashboard allows you to measure the effectiveness of lead conversion by date, source, type, agent, and more.

Step 3: Prioritize Leads Based on Need + Opportunity

Which conversion problem does this solve?
Speed to lead, fumbled lead handoff, effective lead prioritization

Effective lead prioritization

There’s no way around it—not everyone can be your #1 priority all the time. Effective lead prioritization is all about understanding the specific needs of each unique lead and measuring opportunity gained versus lost if you don’t act immediately. 

Put another way: Part of increasing your conversion rates is better understanding of who needs your attention today and who doesn’t need it until tomorrow. A great way to do this is to get consistent with the use of tags in your CRM profiles, marking your immediate, medium-term, and long-term nurture leads. 

Ready to start effectively prioritizing leads based on need + opportunity? Here’s what to do:

Use your CRM’s existing tagging system (or create custom tags of your own) and classify all the leads coming into your system as one of the following:

  • Buy / Sell NOW (follow-up daily)
  • Actively Considering Buying / Selling (follow-up 2x weekly)
  • Passively Considering Buying / Selling (follow-up 2x monthly)
  • Undecided to Buy / Sell (follow-up 1x monthly)
  • Cold Lead (follow-up 1x quarterly)

After these tags have been applied, make the first part of every work day about follow-up. Emails, phone calls, or text messages are all acceptable, but make your leads receive and interact with effective communication. Don’t forget to provide value every time you talk—lip service is worth nothing in the real estate industry. Your words need to be backed up by action.  

Step 4: Create Multiple, Automated Lead Nurturing Campaigns

Which conversion problem does this solve?
Consistent multitouch follow-up, effective lead prioritization, fumbled lead handoff

Automated Lead Nurturing Campaigns

It’s not uncommon for real estate leads to require upward of eight marketing touches before they begin to actively engage with you. And, even after they engage, your leads may not be ready to become a client just yet, which is why consistent, automated nurturing campaigns are so important. 

A lead nurturing campaign is designed to bring your lead from their starting point all the way through to when they are ready to actively begin working with you as a client. 

“But Chris, leads aren’t all created equal. How could one campaign effectively nurture the people who need two weeks, two months, or two years?” One campaign won’t do that. 

That’s why you need multiple, automated campaigns you can apply to all types of leads based on your most common lead experiences.

Ready to start creating multiple, automated lead nurturing campaigns? Here’s what to do: 

Start by assessing the leads you typically receive. Are they buyer leads? Seller leads? Both? Next, assess the typical time frame you’re spending getting buyers and sellers to the starting line. Then, use CRM resources like those available from Top Producer to implement lead nurturing campaigns based on that expected timeline. 

If you want to create your own automated campaigns, you can do that too. The Close has resources that can help:

Related Article
My 6-Day New Lead Text Messaging Campaign + Agent Texting Scripts
Related Article
Long-term Lead Nurturing: Tips & Scripts to Avoid Overtasking
Related Article
19 Best Real Estate Email Templates & Scripts for 2022

Bringing Your Real Estate Lead Management Strategy Together

You’ve read each of the steps individually, but sometimes it’s hard to see the forest for the trees. So here’s a quick snapshot of what a typical day might look like for an agent who has put this strategy into action.

The day starts when they open Top Producer to see what the lead activity looked like overnight. Hey! Five new leads. Each lead received a welcome email and a follow-up text message, so you know they’ve been engaged right out of the gate. 

If you lead a team, you can then check FiveStreet and learn that the two buyer leads were forwarded to your buyer agent, the two seller leads to your listing agent, and the luxury listing lead has been sent to your inbox. You can look at the FiveStreet dashboard to see who’s engaged these leads and who hasn’t—something you can bring up in your team meeting later today. 

Next, you head back to your CRM to review your new lead’s information and check on your daily priority tasks, reaching out to the people who you’ve tagged as daily touches. Finally, you review your nurture campaign stats to see that you’ve got dozens of leads in the pipeline, high open and click rates for all your emails, and lots of website activity. 

Your leads are converting at a higher rate than ever before, and it’s good to be in real estate.

Top Producer + FiveStreet: A Potent Combination for Real Estate Lead Management

Top Producer + FiveStreet logo

If you’re looking for a platform to help you put this strategy into action, we suggest Top Producer’s exclusive real estate lead management tool, FiveStreet. Combined with their CRM, Top Producer X, and the strategy we’ve spelled out here, you’ve got every opportunity in the world to crush your conversion goals. Visit FiveStreet today to get started.

Visit FiveStreet

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