Hey guys, have you had a chance to talk to your social and sphere audiences about the importance of flood insurance?
This should be a priority, especially with what's happened with Helene and Miltonâitâs on the top of everyone's mind.
Here's something interesting: typical homeownerâs insurance doesnât cover flooding. Since 1996, 99% of counties in the U.S. have experienced some kind of flooding event. Whatâs more, 20% of all flood claims come from homes not in traditional flood zones. And just one inch of flooding in your house can cause at least $25,000 in damage.
Thatâs a huge reason to encourage your clients to get flood insurance.
To help with this, there are a couple of things we can do:
First, partner with a local insurance agent who specializes in flood insurance. We could record a webinar or have them join a live stream to discuss the importance of flood insurance.
Another option is to direct people to the government website, FloodSmart.gov, which has a ton of information...
Hey guys, you know what everyoneâs starting to get right now?
Their property tax statements.
When people get those statements, they rush to open them and think, "My homeâs worth more than that," or "My propertyâs worth less than that," or something in between.
Hereâs an opportunity for us. Why not reach out to all of your clients, your sphere of influence, and your social audiences with this message:
âHey guys, youâre probably getting your property tax statements around now. If you look at that assessed value and disagree with it, or just want an updated value of your property, give me a quick call or text. I do this as a free service for all my friends and family, just to keep you in touch with your finances and your equity position.â
Thatâs it! Thatâs the messaging. People will absolutely take advantage of this, and it opens the door to conversations.
You might wonder, "Jim, why would I do this if theyâre not interested in selling?" Youâre doing it because friends refer friends...
Hey guys, did you know that only 5% of REALTORS reach out on the one-year home anniversary after selling someone a house?
Isnât that crazy? Just 5%! And even fewer do it for the second, third, fourth, or fifth year.
But if youâre one of the 95% who havenât done this, hereâs your opportunity. Go back â not just this year, but 2, 3, 4, or even 5 years â and load up the contacts youâve forgotten about. Give them a quick call today and say, âHey, I just wanted to wish you a happy belated one-year (or two, three, five-year) anniversary on your home purchase.â
And by the way, take a couple of minutes to run an updated equity analysis for them. Say, âHereâs how much money youâve made on your house in the past few years. Iâm sending you the report so you can check it out.â
If you start doing this every year with all your past clients, your business will boom. This simple gesture can unlock so much potential.
At the end of that conversation, after delivering the home equity update, say thi...
Hey guys, are you afraid of ghosts? A lot of us are, but letâs put aside the spooky ghosts and talk about your business ghosts.
What are business ghosts?
If you dive into your CRM, your phone, or even your social media and see people you donât recognize, you might think, âMaybe I should delete them.â
These are the ghosts in your machineâpeople youâve forgotten. Donât delete them!
Instead, I want you to rekindle that relationship. Hereâs how: reach out via text, phone call, or direct message. Say, âHey, Iâm cleaning up my records and came across your name. Iâm just trying to remember how we connected.â
Theyâll respond with something like, âOh, Jim, we met at an open house,â or âWe met here or there.â Then you can say, âThatâs right! I remember now. How are you guys doing?â
From there, youâll rekindle the relationship. This could lead to a sale, a referral, or even a valuable connection that you would have deleted otherwise.
So, make sure you seek out these ghosts. If you spent on...
Here's an interesting question to put out on social media to your audiences:
Would you move from your current market because of climate change?
I've been in the business for 35 years, and we never really talked about climate change as a motivator for people to move. But it's becoming more and more of a reason for people to relocate. In fact, 30% of Americans today, especially young people, say they would move because of climate change or make a decision about where to live based on it.
Thatâs why this is an interesting question to ask on social media.
Climate change can take many different forms. In my market area, for example, it's fires.
We had a fire come through our neighborhoods that burned down 2,700 homes. It was one of the biggest fires in the nation for destroying homes. Absolutely devastating for our community. We went through several summers of fire, and a lot of people moved because they couldn't deal with the smoke and terrible air quality.
On the flip side, you migh...
Here's a massive opportunity for you when you're looking at your sphere of influence. If you've got a list of people in your sphere that own businesses or are entrepreneurs with locations, weâre in a unique position with the commercial market right now. In many areas, the commercial market is really struggling.
The script for reaching out to these business owners in your sphere of influence is straightforward. Start by asking, âDo you rent or own your current location?â
Most will be renters, some will be owners.
If they say they are renters, you can respond with this:
âIf you'd like to own, this is one of the best times in the last 10 years to buy commercial property. There are several factors at play:
Thereâs a real opportunity to get a bargain in todayâs market.â
Or if they already own their property, ask, "Have you ever thought of adding a ...
Heading into the new year, here's a game-changing strategy for you:
Open up your CRM, scan your sphere of influence, and pinpoint all the business owners. Start by reaching out to them. Call and ask, "Hey, Jim, how's the new year looking for you? How did last year finish off?"
Share your plan, "I want to start endorsing a local business every week on my social media, and I'd love to feature yours. I just want to promote local businesses I admire. No strings attached. Are you cool with that?"
They'll likely say yes, appreciating the gesture.
Be the Go-Giver. Lead with their needs. Within a week, make a post about their business on social media. Include photos, share your personal experience, and publicly endorse them. Tag them in the post. They might even share it with their audience. It's a win-win, a feel-good moment for both parties.
Even if they don't reciprocate immediately, the spirit of giving will work its magic for your business.
Now, measure your efforts. If your goal is...
Hey, team, you're on prospecting calls todayâreaching out to expired listings or for sale by owners, maybe marketing in a neighborhood. What if no one picks up? Do you leave a voicemail?
Before that, try this trick:
Hang up and call the same number quickly, twice. Imagine being on the other sideâseeing a missed call, then the same number calling back. You're more likely to pick up.
Now, they still don't answer. It goes to voicemail. Should you leave a voicemail as a salesperson? Absolutely. The chances of circling back and calling again are low. Keep the message concise and to the point.
For an expired listing, I might say, "Hey, I'm Jim. Your property delisted today. Wondering if you're interviewing other agents. I have a 25-point marketing plan that works. Just sold a house nearby, 25 days, 5% over list price. Let's talk."
For a for sale by owner, a simple approach: "I'm J Man with ABC Real Estate. Saw your ad on Craigslist. Can I do a video of your property for out-of-state buy...
There's a fantastic book I read years ago called "Positioning" by Al Ries and Jack Trout. It delves into the concept that our brains, like a whiteboard, need a space. As marketers, our goal is to occupy that space in the consumer's mind. However, with numerous competitors in the market, the challenge is stiff.
I appreciate the idea that it's not about what we want to say; it's about what consumers want to hear and learn from us. Consider the top four things consumers seek from a realtor: finding the right home, assistance with paperwork (part of negotiation), negotiating price, and negotiating terms.
Reflect on these four aspectsâfinding the right home, negotiations on price and terms, and paperwork. Are we addressing these in our marketing and branding? Shift from what we want to say to what clients want to learn. This transforms marketing into something people want to pay attention to.
Now, let's consider what sellers want. The top four things a seller desires: an expert in pricin...
           Â
Are you actively farming your own neighborhood?
It's a straightforward marketing strategy that many agents overlook. So, why should you consider farming your own neighborhood?
Well, it all comes down to the fact that people prefer doing business with those they know, like, and trust, especially when they share a common bond.
When you live in the same neighborhood, potential clients are more inclined to choose you as their REALTOR. However, this won't happen if you're a "secret agent" â someone they don't even know lives nearby and can serve them.
To get started, you need to establish yourself as a local expert.
How?
Begin by introducing yourself through a letter or postcard. Let them know you're a resident and express your interest in being their preferred REALTOR. Share your credentials and accomplishments to give them confidence in your abilities.
Next, demonstrate that you're an active agent. Regularly send updates about just-listed, just-pending, and just-sol...
50% Complete
Fresh ideas, new scripts, cool tools, and the hottest trends in the real estate industry are coming your way. Have an amazing day!