RECR's Blog: October 2009

How One Lender Used Social Media to "WOW" a Client Today

 

THIS IS SOOO AWESOME!!!!

 

Via Missoula Real Estate By Kevin & Monica Ray (Access Realty):

How One Lender Used Social Media to "WOW" a Client Today

Not HappyWe've all experienced delays on closings for one reason or another and they're never fun. But when they happen at the last minute it can cause a lot of stress for all parties involved in the transaction. Well that scenario happened to us this morning.

We had a closing scheduled for 1:00 today with our Buyer who arrived by train at 1:00 a.m. this morning from the East Coast to close on her new home. Her furniture is also scheduled to arrive today.

The sellers of the house she's buying are packed and ready to be out of the house today and are also closing on their new home at the same time.

So needless to say, everyone is counting on the closing to happen as scheduled today.

At 8:15 a.m. this morning we get "The Call" from the Title Company stating that they talked to Quicken Loans (the lender) and it looks like we won't be able to close for a week at least.

As you can imagine, a moment of panic set in along with a lot of other strong emotions and a few *#*#*@@ expletives. We called the Buyer and the Seller's agent to let them know and were met with more strong emotions. The Buyer called the lender immediately.

We use Twitter on a daily basis and have found it to be an invaluable marketing and communications tool in our business. I Tweet about many events so mentioned that

"I'm not impressed with Quicken Loans this Morning" on Twitter.

In less than a minute, I had a response from Kelly @QuickenLoans asking what she could do to help.

Twitter Stream

She also followed me so I was able to send her a Direct Message and an email about the issue so everything wasn't broadcast publicly. (This is a good strategy by the way - if you have a client issue, try to take it offline).

  Twitter Stream

Twitter Stream

I sent Kelly at Quicken Loans my client's name by email. Of course my comment generated some discussion on Twitter and I received several responses, including one from my friend Justin McHood who is a loan officer in Arizona.

Twitter Stream

Twitter Stream

Within minutes of this tweet, we had an email from a Client Service Specialist and the Loan Officer explaining what she needed. Our client also called and was able to speak to the Loan Officer and was able to request the form Quicken needed from her attorney.

The Loan Officer told us if they received the form they could close today and she would do everything she could to help us close on time. Our client was able to get the document to them but unfortunately, the title company is booked for today. So, we're scheduled to close tomorrow - a slight delay but certainly one we can all live with, and much better than a week's delay.

So of course, I had to update my Twitter status:

 

 Twitter Stream 

In real estate transactions, occasional delays are bound to happen - especially with all of the new guidelines that lenders have to comply with. I have more than one horror story about working with out-of-state lenders who were unresponsive and difficult to work with. Fortunately, QuickenLoans isn't one of those companies and I have to say I'm impressed with their service on the overall transaction, and how quickly the responded when there was an issue.

 

 


Service, Results, Peace of Mind

Kevin and Monica Ray are Missoula Real Estate sales and marketing professionals for Access Realty in beautiful Western Montana

We provide services for Buyers and Sellers in Missoula, Mineral,
Ravalli, Sanders, and Lake Counties. Contact us at:
 406-822-SOLD (7653) or 406-207-1185
You can also Connect with Us On these sites:

    Follow MontanaMonica on Twitter Become a Fan on Facebook Connect with Us On Linked In Visit Our Website  See Our Photos on Flickr  Watch Our Videos on YouTube  FriendFeed  Visit Our Posterous Photo Blog

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16 commentsClint Miller • October 29 2009 04:12PM

Let's Talk About What Is REALLY Wrong In Real Estate

You can barely toss a random trade magazine or scan through a blog post without there being some reference to fact that real estate agents should be embracing social media. Whether that be blogging to help market themselves or having a business page on Facebook...just about everyone everywhere is agreeing that this should happen on as many levels as can be handled.

The really funny thing is I think this phenomenon is actually hindering a fundamental issue that has plagued (and continues to plague) the real estate industry as a whole --- the fundamental lack of communication between agents and clients.

This issue is no more prevalent than where I work. I deal with this very thing on a daily basis. And, the number one complaint that I get from the prospects that we send out to our member agents is that they never hear from the agent. Yet, when I go to check on the agent, I can see that they have updated Twitter 14 times during the day and have 12 new Facebook status updates and written 2 new blogs.

Really?? You told me you "didn't have time to speak with that client" I sent you....yet, you had time to play Mafia Wars for 3 hours??

Now, before you start to judge me and my position on this matter, I understand the need for the social media profiles. I get it. I actually created the marketing position I am in at my company because of them. I understand. I don't knock you for that.

But, to apply effort in that direction without taking the required time to speak with your clients is cyber-slashing your own wrists. Sure, you might get an additional client or two...maybe pick up a new listing thanks to that blog you wrote. Awesome.

Here's the real deal -- If you suck at follow-up communication with the clients that you already have, getting more clients isn't going to make it any better for you. AND, if you cant follow up on the people you are working with right now because you feel the need to increase the size of your mafia or play Texas Hold'Em with your college buddies on Facebook, all you are doing is turning another good client into a real esate agent hater. Now that person is going to tell everyone they know what a schmuck you are and to never use you (probably naming your company or brand in the process).

Thus...All you are doing is making your actual job HARDER! And, you are making it harder for everyone else in your office, your company, your brand, and your general line of work. 

Nice job. Those agents that are out there busting their tails really appreciate it. (Can you smell the sarcasm yet??)

One of the best things anyone ever told me with regards to sales is to do all your follow-up first. Get the hard stuff out of the way so that you have time for the fun stuff. (That is why we have dessert AFTER dinner!) Calling your mom or your beer-drinking buddies can wait. Call your clients first. Get that handled. After all, they are the ones that will be paying your commissions!

Why in the world would you want to hinder your potential income by pushing them away?? Seems counter-productive to me. Can you afford to just push away money?? Yeah, I didn't think so...

Your clients are expecting to hear from you. Making them wait for information they requested is not smart. In fact, it's rude. Don't push them off. Don't wait until the afternoon or the next day. Making them wait only causes them further frustration and builds up a level of disdain for you and your profession.

Call them. Get it over with...it will relieve them...AND it will relieve you because it has been dealt with -- good or bad.

Social media is a power tool. And with great power comes great responsibility. That responsibility lies right on your shoulders. Don't push away the things that pay your bills -- your clients -- because you have to get a new status update posted about your pedicure or feel the need to tweet about your football team's shoddy performance the night before. That's dessert. Take care of your meat and potatoes first.

 

If you would like more information on Real Estate Client Referrals, please contact Clint at 800-977-7058 or follow me on Twitter. If you are on Facebook, fan us up!

112 commentsClint Miller • October 27 2009 09:25AM

7 Ways To Get Clients To Say The Magic Word.......YES!

Whether you want to admit it or not, you are using something to your advantage to get someone to buy from you.  You do it all the time.  Sales people are the kings and queens of taking advantage of the things we call “buying signals” and applying leverage in whatever way we can in order to get a deal done.  I know I do it all day long here.  You may think that you don’t, but you do.  And, if you really believe that you dont...you are lieing!

What am I talking about??

I am talking about the fact that we, as salespeople, take advantage of the emotional triggers that every single human uses when making a decision. 

There are seven of these triggers in total.  And, regardless of whether or not you have been aware of this list in the past, you are keenly aware of how to use them to your advantage.  These emotional triggers are the very things that everyone uses in order to make a decision.  They include:

The Friendship Trigger – This trigger activates both trust and agreement through bonding on a social level. Essentially, this is the trigger that you apply directly to your sphere of influence.  You use this on your friends, family, close acquantances, etc, that most sales people rely on as their base clientele.  They can also include past clients that you speak with on a regular basis.  The application of this trigger is specifically designed to leverage your friendship with them in the hopes that, when needed, they call upon you because you are friends.  Social networking to build business fits into this category also.

The Authority Trigger – This trigger activates acceptance through expertise.  A perfect example of this is agents that specialize in REO property or in high-end luxury property.  That specific specialization makes them an "authority" and those that need this type of specialized help would instinctively choose them as a result.  Another example of this is the multiple designations that an agent can get and list behind their name in an attempt to seemingly appear to have more authority or training than another agent by comparison.  This trigger is specifically designed to cause someone to choose to work with you because you have the knowledge to be able to help them.

The Consistency Trigger – This trigger motivates potential customers by causing them to recognize consistency with your past actions and repeat contacts.  In other words, this is your follow up skills hard at work.  (As a smart person once said, it's the squeaky wheel that gets the oil.)  You leverage this trigger every time you follow up with a lead or schedule appointments (and keep them!) with potential customers.  You want your potential customers to recognize that you are consistent in your efforts to earn their business and you will be there when they decide to move forward based on your previous attempts to earn their business. 

The Reciprocity Trigger – In short, you give, you receive. This trigger is based on the idea that you use the services and businesses that your clients own or work at and they will do the same for you.  For example, if you use the services of a mechanic locally, when he needs help with buying a home, he contacts you.  This is also the “you scratch my back, I scratch yours” trigger, if you will.  If you have a client that needs a roofer, you know who you will recommend because they are good at what they do…AND you know that person will recommend people that they hear about to you when they need your service or expertise. 

The Contrast Trigger – This trigger is the one that is used any time you do a side-by-side comparison of options to show that one is more attractive than the other.  Any time that you list the pros and cons of given options, you are leveraging this trigger. 

The Reason Why Trigger – This trigger is specifically used to invoke emotional reasons to make decisions.  Buying is an emotional thing. So, we keep coming up with emotional reasons to say yes.  This trigger is based on ‘thinking with your heart’ and not your head.  When your clients see things inside a home you are showing that ‘they just love’, this trigger has been tripped.  Instictivly, you will remember that and remind them of that, if needed, at a later date in order to leverage this memory to assist in a decision.

The Hope Trigger – This trigger is specifically designed to instill positive expectations to help persuade one side of an argument.  In other words, this is the application of positivity.  In order to effectively leverage this trigger, you have to get your client to “see the bright side”, as it were. 

Whether you know it or not, you are using one of these to your advantage to get someone to buy from you.  Chances are, you are using more than one of them at any given time with any one of your potential or current clients.  In fact, in some instances, you have probably used all of them in order to get a deal done.  

 

If you would like more information on Real Estate Client Referrals, please contact Clint at 800-977-7058.  Or, hit me up on Twitter at www.twitter.com/TheRealClint. And, while you're at it, fan us up on Facebook!

 

Also, for more information on these seven triggers, you can check out www.seventriggers.com.

90 commentsClint Miller • October 20 2009 09:20AM

BlogWorld 2009: The secrets of Las Vegas are not so secret anymore.

 

My good friend Matt Stigliano spent some time at REBlogWorld recently...

Despite the pains of jealousy, I am reblogging this awesome post of his!!

 

Via Matt Stigliano (RE/MAX Access):

Girl holding a souvenir Eiffel Tower drink in Las Vegas.

photo courtesy of ChicagoGeek

It already feels like it was weeks ago.

I landed in San Antonio late last night from my trip to BlogWorld 2009.  This morning it already feels like it was a long time ago.  So much fun had in such a short space of time always seems to make it feel like the distant past a lot quicker.  To say it was a blast would be to lie.  It was more than a blast.  Seeing friends, meeting new ones, listening to some of the best and brightest, and toying with new products for a few days will keep it fresh in my head, but I believe I'm already missing it, as if I've been away too long.

I feel honored to have been there (and thank those who helped get me there) and over the course of the next few days, I'll begin to dump some of this knowledge and thought that's crammed into my head, but first, I wanted to talk about secrets.

Can you keep a secret?

I learned a big secret in Vegas.  One I shouldn't share with anyone.  One that could change the course of history.  One that might just rattle everything you believe in and leave you questioning your faith in everything you've ever stood for.

Can I trust you?  Will you swear to secrecy?  Can you keep your lips sealed?

The secret isn't as complex as I thought it might be, in fact, it's quite simple.  I asked real estate industry vets, social media mavens, and run of the mill bloggers.  I phrased the questions so many different ways to be sure I was getting "different" answers and no canned responses.  They all lead back to the big secret.

The not-so-secret secret.

There are no secrets anymore.

The one thing everyone told me in different words each time, was just that: "There are no secrets anymore."  With social media reaching the masses and becoming more than just a buzzword, we are creating a new reality.  One where information flows from source to source, all without regard to "letting the competitor know our secrets."  Bloggers I met outside of real estate seemed quite fascinated by our use of social media and loved the idea of us being there not to be gate-keepers like we once were, but instead information desks - ready to dispense our knowledge and expertise on a waiting world.  Many of them agreed that when we do so, we only make ourselves more attractive as a viable way to buy and sell homes.

One blogger who I spoke to for awhile outside the convention center told me how he met an agent who was open, honest, and gave information at the drop of a hat.  He gave so much information in fact, that the blogger thought "I could do that."  The one thing every agent fears - training a FSBO to do it themselves.  Instead the blogger contacted the agent and listed his house immediately with the agent.  Why?  Trust.  He knew that the agent was "there for him" and would do his best.  He felt that the agent was willing to give up his secret at the risk of losing the business.  No longer was the agent there to build his bank account, but instead he was there to build a community.

By giving away the knowledge, the agent took the blogger's fear away.  He took out all the years of distrust he had learned from others.  He took away all of the negative news stories and bad reports.  In an instant, he became a trusted adviser...and as the blogger told me, "a friend."

Enough with the secrets.  We must continue to open our industry up to the consumers that patronize it.  Will we lose business?  Depends on how you look at the word lose.  Do you think the FSBO was ever going to list with you?  Do you think the person who equates purchasing a home to picking up a pair of socks at Wal-Mart is ever going to see the value you provide?  There are people who will always go it alone.  And there always will be.  This will never change.  The secret to our success as an industry lies within the phrase itself - there should be no secret.  We may not convince those who don't want to be convinced, but we might just show someone why they can trust us and become our friend.

And that is worth more than any Vegas casino vault's cash reserve.

All content ©2008-2009 by Matt Stigliano, Realtor® unless otherwise noted.

 

RErockstar.com small icon. Matt Stigliano, Realtor®

RE/MAX Access

(210) 646-HOME

www.RErockstar.com

"Your all access pass to San Antonio real estate."

Connect with me on Twitter and Facebook.

2 commentsClint Miller • October 19 2009 02:46PM

DO NOT USE Real Estate Client Referrals (#2 in a Series)

DO NOT USE Real Estate Client Referrals???

If Matt had listened to that, he would have missed out on the biggest closing of his career!!

DO NOT USE Real Estate Client Referrals Matt

Congratulations on the closing, Matt!!

See…Matt has been a testimonial of mine for the better part of a year. He recently closed the largest transaction of his real estate career thanks to a buyer that he received from Real Estate Client Referrals!! Here is what he had to say in his own words…

I have to say, I’m a skeptic at heart – when anyone promises me more business, I usually laugh and politely tell them “thanks but no thanks.”

I had heard of RECR through various websites I frequent, but wound up talking to Clint Miller one day. We spoke at length and I never got any sort of hard sell, we were just chatting about business. When I asked questions, I got answers. Good solid answers with no run around attached to them. After thinking it over for a few days, I decided to take a shot at it.

Since then, I’ve received a pretty regular stream of referrals. Since the referrals have already had contact with someone at RECR, they know I’m going to be calling and most have been very easy to speak to. The ice has already been broken and they are receptive to what I have to say. Since they’ve already been checked out, I don’t have to try calling “Mickey Mouse” for three weeks at 867-5309.

The best part about RECR is that you can “dispute a referral.” Been trying to contact someone and getting nowhere? Just tell your contact and they work to replace the referral with another one in your account.

If a referral isn’t working out, you’re not chasing your tail all day trying to draw blood from a stone. Because they give you full contact info, you can call, write, or email the referrals too, something most companies I’ve seen don’t offer (they give you email and maybe a phone number) and you already know the basics of what they’re looking for.  You just need to contact them and start building the trust and relationship (RECR can’t do everything for you).

With the Gold and Platinum packages you get a guaranteed number of closings – how can you go wrong with that logic? Close on a $100,000 house at 3% and you’ve made a profit already. And because you’re the only agent in a given area, you’re not fighting other agents for the same referrals.

I know there’s plenty of skeptics in this world, as I said, I’m one of them. I’d be more than happy to answer your doubts if you’d like. Just contact Clint Miller and he’ll connect us. I am a firm believer that if something’s worth it, I want other agents to know.

Matt Stigliano, Realtor®
RE/MAX – San Antonio

As he said…if you want to talk with him, let me know! Or, call me directly at 800-977-7058. Better yet…if you are on Facebook, fan us at www.facebook.com/realestateclientreferrals or follow me on Twitter at www.twitter.com/TheRealClint :-)

19 commentsClint Miller • October 16 2009 07:22AM

Five Ways To Be Better Than You Are Now

I recently read an article that really sparked my interest.  The article was simply a basic list of the ways that someone could re-invent themselves by investing time and effort into the one asset that all agents have - Themselves

The key principle to this article was the fact that, despite this uncertain market, there are people that appear to be striving to make their own abilities better and five ways to do so.  Below is the list that was in the article...and a good healthy dose of my own explanations as to why this is so important in this uncertain market.

IMAGE: You chose a career in real estate to be an independent business person.  So, do you carry yourself in a professional manner?  Do you "look the part"?  Do you have your business cards on you?  Are you showing that you are proud of whom you work for or what you do?  Whether you want to believe it or not, your image IS your first impression.  Make sure that the impression you are making is the on that you actually want to make.  There are some places where you can get away with blue jeans and a nice shirt.  There are other places where a suit is more appropriate.  Dress the part!  Maintain your personal image.  Get your hair cut or styled.  Ladies...get your nails done.  Guys...shave every day.  (Believe me, I realize that sucks ...I'm a guy...I understand.  But, its 2 or 3 minutes...and it makes a ton of difference to those around you.)  I actually know of one agent that wears a tuxedo to all of his closings.  That is part of his image.  It is what sets him apart from the rest.  (His name is Todd Waller out of Ann Arbor, Michigan, and he works for RealEstateOne.  But, you can get more info on him and his Team366 at www.blog.team366.net.) 

TRAINING: Aside from the mandatory requirements involved, you should try to find as many different options to better your ability as you can.  Take the time to sit down with your broker to discuss some in-house training options.  If you know of any free options for training, jump on it.  Any training you involve yourself in will only re-emphasize the skill set you already have developed.  So, it will not be wasted time or effort.  You never know, you may learn something.  (Also, anything that you can learn about social networking...that is a must!  Trust me on this...this is a skill that does require some time to master, but you will not regret it!)

NETWORKING: Making yourself known in the community by getting involved with community events is a great way of networking with some of the more influential people in your market.  Get involved with the community.  Start working with the Chamber of Commerce.  Go to PTA meetings.  Join Toastmasters.  Get involved in your local neighborhood activities.  Surrounding yourself with such innovative, like-minded people will help you with both your image and your over-all success.  Most people do business with people that they know on a social level.  So, networking like this is a key to success in a troubled market.

MENTORING: They say that the teacher will always learn something from the student.  Become a mentor for younger agents.  Help them be successful.  This will cause you to make sure that what you are doing is what you SHOULD be doing.  It will help you cross your ‘T's and dot your ‘I's, as it were.  Besides...there are times when you can actually team up and work together for the success of each.

YOU: Seems weird that I have to add this since this entire post is about you.  But, if you are not taking good care of yourself, you will not have the energy or the will to commit to the rest of this list.  Take care of your own body and mind.  Get sleep.  It is probably more important than anything else you can do for yourself.  Make sure you get some exercise.  (In this industry with showing property and running from one location to another, that usually isn't hard...but you should do 30 minutes of cardio every day.)  Eat right.  (Did you know that eating an apple will actually wake you up better than a cup of coffee??)  Bring fresh fruits with you on your appointments and eat them when you can.  Avoid the drive-thrus.  If you don't know where else to start in your investments in you...look in the mirror and start there.

 

If you would like information on how to get more clients, please contact Clint at 800-977-7058.  Or, visit www.recr.com.  Or, follow Clint on Twitter at www.twitter.com/TheRealClint.

162 commentsClint Miller • October 12 2009 08:16AM

DO NOT USE Real Estate Client Referrals??

DO NOT USE Real Estate Client Referrals?? I don't think so!!

DO NOT USE Real Estate Client Referrals?? Glad I didnt listen!!Suchita Kahlon was skeptical. Very skeptical!!

After doing a little research online and finding a few posts telling her not to sign up, she questioned as to whether or not it would be good idea to give Real Estate Client Referrals a try...

But, after speaking with a couple of other agents that had been using RECR to great success, she decided to give it a try and signed up for a minimum package of referrals.

The rest you can read for yourself in her own words:

I have been with Real Estate Client Referrals since March 2009. I have already closed a number of deals from the leads that I have received!! RECR is an amazing and reliable referral system and, even when the market was slow, RECR was consistant in sending me solid leads. It's worth every single penny that I have invested!!  RECR is the best investment that Realtors could do for themselves.

Suchita has purchased additional referrals from RECR since her initial success!! If you would like more information on Real Estate Client Referrals, please contact Clint at 800-977-7058 or follow him on Twitter at www.twitter.com/TheRealClint

 

9 commentsClint Miller • October 05 2009 08:32AM