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Killing Two Birds With One Stone in My Real Estate Day!

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

Killing two birds with one stone.

This morning there was a home inspection on my listing.  Yes, I go to inspections. It is one of the services that I offer to all my clients. The buyer's agent was present along with the buyer and the inspector. They did not need me tagging closely..after all it was a condo not a 10,000 square foot house.

So what do you do for 3 plus hours? 

If you are fortunate enough to be signed up for a  Webinar With Bernice Ross ! you call  the phone number and access code and you listen to a presentation by a wonderful Real Estate coach. How convenient! Bernice spoke about myths and business planning success. I was fortunate to speak with Bernice, just yesterday, about this Webinar. This is a photo from 2009 when Benice spoke in Baltimore.  As a coach, she is always to willing to share her knowledge and expertise.Bernice Ross/Margaret Rome Baltimore 2009

Some of the points made..

-You cannot control time but you can control how you chose to spend your time.

-You cannot afford to NOT take time off. Bernice takes every Saturday off..no computer, no cell phone no real estate business.

-This does  NOT have to be a 24/7 business. Plan to stay in touch on a regular schedule. Clients want to hear from you but they do not need you 24/7.

-You don't have to do everything yourself! Do what you do best..let go of the rest.

-Don't forget to take time off. Business usually picks up when you plan a vacation. You create new business when you take time off.

Another myth..

-You can't live without your cell phone. Bernice goes on to explain that every time you take a call, it can take up to 20 minutes to recover and re-focus on what you were doing when you were interrupted.

 

 

Bernice suggested some ways to find out what activities produced the most leads for you. Take an inventory of your past year's transactions. Note what activity produced the lead? Then spend more time on that activity.  To increase your income by 50-100%, you have to put your energy into what works. Just common sense but Bernice made some great suggestions.

Who are you attracting and what kinds of properties are they buying.

Know your numbers. What is your income goal for 2011?

Know how many deals you need to make your goal. It usually take 3 contacts to get to a closing. If your goal is 25 transactions, you need to make 75 connections.

That was only half of the Webinar because  I was needed by the buyers and inspector for a few questions. Pretty good to get this far into a seminar and still be present at a home inspection.

So that's how Killing two birds with one stone works in my real estate day. 2 birds Baltimore Blizzard 2009 HomeRome Realty

 

 

 

 

 

 


Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

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Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Margaret: Being able to use our time wisely in real estate is an asset and any tips are more than welcome.

Thanks

Ty

Nov 04, 2010 11:52 PM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Margaret,

Sounds like you had some great take-a-ways from the call. Way to be productive.

Rich

Nov 05, 2010 12:47 AM
Claude THOMAS
Rossman Realty Group - Cape Coral, FL

I'm surprise you emphasize on " ...on on my listing.  Yes, I go to inspections. It is one of the se..."

That should be a mandatory obligation must do for each agent in my opinion. And when I'm there, at the inspection, I have no time to listen to Bernice with all the questions I have for the inspector for my client.

I guess I'm not very smart. I should stay home playing on Facebook, waiting the check :-)

Nov 05, 2010 12:48 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

I'm a huge Tony Swartz fan and  he also emphasizes that an interrupting phone call can set you back on your focus for several minutes. . .

Books on tape are my salvation when stuck on traffic. . 

Nov 05, 2010 01:34 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Margaret, a very good way to spend your idle time at a home inspection. Twenty minutes to recover after taking a cell phone call. Good reason to stay off the phone when doing something important.

Nov 05, 2010 01:44 AM
Jose Dias
Home Sellers Help in Scottsdale-Phoenix-Peoria-Glendale - Scottsdale, AZ
Sell Your Home in Scottsdale-Phoenix-Peoria-Glendale-Goodyear

Margaret, good for you that you attend the inspections. I used to also attend all the inspections I could. However I stop doing that. I realized that it was not the best use of my time. And actually I would rather let the inspector, the buyer, and the buyer's agent have a candid discussion without a seller's representative there.

The only exception is when my seller will be there. In that case I will make a point to be present.

Nov 05, 2010 01:52 AM
Craig Reeves
Keller Williams Realty Jupiter - Jupiter, FL
HIGH Information...NEVER High Pressure

Great time management and YES we do need to take time off. Thanks for the reminders!

Nov 05, 2010 02:40 AM
James McGary
Agents Set Free, Inc - Irvine, CA

I agree.  Bernice Ross is one of the more brilliant Coaches in Real Estate today.

Nov 05, 2010 02:42 AM
Dustin McClure
Mossy Oak Properties Outdoor Realty - Mooresville, NC

Time management is HUGE in this business. It's easy to fell as if you never finish working.

Nov 05, 2010 02:48 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Jose, The best use of my time is representing my clients. I have had "pseudo" inspectors, family members and buyers show up without the buyer's agent. Who is representing the client.

Michael, Doing something important while on the phone is not such a good idea. Thanks for the reminder.

Fernando, Another good use of time. Thanks.

Claude, Careful that you are not interfering! This is the client's time to be with the inspector and getting their questions answered! This  just might be a good time for you to play on FB.

Rich, There are many ways of being productive at home inspections. Time to check messages, emails and return calls.

Ty, Using our time wisely is always an asset and I think you have lots of tips to share with us!

 

Nov 05, 2010 02:55 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

How cool is that? Three bloggers, all young guys commenting at the same time. How cool is that!

James, Dustin and Craig, i will be over to check out your blogs soon.

 

Nov 05, 2010 03:02 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Sounds like Bernice knows her stuff!  WE already know YOU know your STUFF!  Great way to spend inspection time when you need to be there but aren't needed!

Nov 05, 2010 03:08 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Evelyn, Yes good use of time...when you need to be there but are not needed.

Nov 05, 2010 03:49 AM
Maria McCaw
Urban Acres Real Estate - Iowa City, IA
REALTOR® at Urban Acres Real Estate

Great Info! I just started a program with Joe Stumpf and it seems to have a lot of similar information... I am excited to start structuring my work a little more! :)

Nov 05, 2010 04:05 AM
Andy Brown
Climer School of Real Estate - Arctic Bay, YN
Best Real Estate Training in Florida

excellent posting and very relevant

time management is one of my babies and i am constantly working at getting better

Nov 05, 2010 04:37 AM
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Time off?  I know I should, but it just feels so....wrong!

Nov 05, 2010 04:38 AM
Lisa Moroniak
Keller Williams Realty | Northern Virginia | 703.635.0388 - Leesburg, VA
SFR - Short Sale & Foreclosure Certified

When we prioritize and master time management a likely by-product is balance.  When we have balance, we get more out of life.  Another great reminder about getting back to basics - thanks Margaret!

Nov 05, 2010 04:45 AM
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Thank you for the post today , I enjoyed the read.

Have a great weekend.

Patricia/Seacoast NH & ME

Nov 05, 2010 05:46 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Patricia, Thanks for reading. Enjoy the weekend.

Lisa, Getting back to basics does bring balance.

Brenda, Get that feeling out of your head!

Andy, Something we have to constantly work on.

Maria, Good luck with your new program. Hope you will  share some of your special 'Ah Ha's  with us.

 

Nov 05, 2010 06:13 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Erica, Knowing where your business is coming from.. puts you in a good position.

Margaret

Nov 05, 2010 10:17 AM