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Success in Real Estate - What I have observed

By
Real Estate Agent with RE/MAX Advantage

The New Year is around the corner and I can hardly believe yet another year is nearly history.   I look around me at my office, read the blogs on Active Rain, listen to the news, etc. and I find it interesting what I have observed.  I know this won't be a popular blog because the truth hurts and I don't have cute characters running across the screen but this is my honest assessment of what I have observed:

  • A few agents are still sitting at their desks and waiting for the market to improve and business to start walking in thier front door.
  • Many agents are spending more time on Active Rain while the market is slow and blogging their hearts away since the housing market is slow.
  • Other Realtors are looking for some website that will be a lead generating machine that will send them the few serious leads that are out there to be had.

                                              Wrong!            Wrong!            Wrong!

Having survived 3 major real estate cycles I have seen which Realtors barely survive, which exist, and which prosper in any market.

I wrote a blog earlier in the year about "Getting off the bench and getting into the game".  By this I meant that no football player that sits on the bench continuously will ever be remembered.  On the other hand, a Realtor that sits in his/her office waiting for magic to happen will never be seen by the public.

Writing blogs 24/7 on Active Rain or on any other site won't bring in business unless they are lead generating blogs that can make you visible to the public and draw business in.  We all know that the majority of blogs written on Active Rain are for sharing of information but few will draw business soon so we need to make a decision on how much time to invest in blogging. I know some members are spending hours a day creating either multiple blogs or time consuming blogs taking hours to write.  Results will come from where we invest our time and energies. In other words, we reap what we sow.  I am not discouraging blogging, I have seen great benefits from it.  I am simply advising everyone to find a balance. If we are not getting the results we want in life we need to change our habits to get the results we want.

Websites that promise quality leads are few and far between.  I have spoken to numerous Active Rain members that have paid thousands of dollars to lead generation websites only to have yet another tax deduction with no real return.

Truly successful Realtors are selling real estate the same way today as it was sold 25 years ago. The only thing that has changed is the incorporation of technology.

  • Successful Realtors are rarely seen in the office.  They are either meeting with buyers and sellers or involved with civic organizations like Optimist Club, Kawanis, Toastmasters, etc.  
  • All of their efforts keep them visible in the public's eye and they are more likely to generate leads simply by being visible in public.
  • It basically is as simple as this: People are drawn to do business with those that are "in the game" and visible.  Realtors that are continuously in contact with their sphere of influence and always involved in their board or civic groups will have a much higher chance of generating business.  The media is also attracted to these kind of agents and will seek them out for interviews.

These are the traits I have seen in all successful Realtors.  Simply doing the things day in and day out that give them the best opportunity to generate business.

Sorry this blog didn't knock your socks off with flash and lots of color and images.  You see it took me 30 minutes to write and post this blog and then I was busy scheduling my to-do's for tomorrow.

My humble opinion

 

Posted by

Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes

Comments(102)

George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Irene - Thank you so much for stopping by and sharing.  I hope all is well.
Nov 29, 2007 12:47 PM
Anonymous
Brian Wilson

I think there is a balance we need to find in maintaining our online activity and our out-of-the-office, off-of-the-internet activity. Both are equally important, I think; you can't win a football game with just a defense.

Brian Wilson, Zolve.com 

Nov 30, 2007 02:38 AM
#84
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate

Brian - True words and thank you for stopping by.

Nov 30, 2007 02:47 AM
Anonymous
Anonymous

Gearge,

Your comments are right on the money. A successful realtor is an "active and visible" real estate agent. When I first started out in the business, my manager's advice was "to be a good and successful agent, you cannot be a secret agent". The internet is just another tool to connect with new prospects. At the end of the day, the question is "Why a home owner should deal with you and not another realtor?"

Dec 02, 2007 07:37 AM
#86
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Thank you "Ghost Writer". Have a great day
Dec 02, 2007 07:41 AM
Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

George,

Great words of wisdom. Everything in moderation. I find I have to severely limit my time here and on my blog. Yes, it does bring in business, but we don't need 100 blogs to do that.

Dec 02, 2007 12:19 PM
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Karen - Thank you very much for stopping by and I hope you had an awesome weekend.
Dec 02, 2007 12:22 PM
Mervin Hanover
RE/MAX Advantage - Nampa, ID
George, Just like we talked about. Right?
Dec 02, 2007 12:49 PM
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Mervin - Yes my friend.  Hope you had a great weekend.
Dec 02, 2007 12:53 PM
Adam Waldman
Westcott Group Real Estate Company - Hauppauge, NY
Realtor - Long Island
GEORGE - This is an excellent post, and one that really needed no apologies.  I am working on my plan for 2008, and it will include blogging, but also will make sure that the blogging is more targeted to consumers.  Thanks for the reminder.
Dec 19, 2007 12:47 AM
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Adam - You are very welcome and I hope all is well in your world my friend.
Dec 19, 2007 01:51 PM
Tchaka Owen
Galleria International Realty - Hollywood, FL
You're right on George, right on.
Dec 19, 2007 07:34 PM
Rene Galvan
RGV Realty - McAllen, TX
George, very good post. Blogging should be only a small part of an agent's online presence. Most agents do not have very good websites. If they were to improve their own sites during this slow period, they might find buyers online. In this part of the real estate cycle chasing listings might result in several signs in the yards, but many of them are not closing.
Dec 20, 2007 04:05 AM
Tchaka Owen
Galleria International Realty - Hollywood, FL
Rene - I agree with you.  I'm trying to balance things per George's recommendation and though I don't want to spend too much time on the computer, I feel improving my website is important.  I've looked at the sites of some AR members and have been very impressed.  Those I have contacted are finding success so hopefully those of us lacking can follow their footsteps.
Dec 20, 2007 04:18 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
George, as they say, sales is a CONTACT sport.
Dec 20, 2007 04:44 AM
Richard Trinh
Triune Mortgage Inc - Riverside, CA
Great advice as usual. Thanks.
Dec 20, 2007 06:24 AM
Colleen Fischesser Northwest Property Shop
NextHome Experience - Chelan, WA
A Tradition of Trust in the Pacific NW since 1990!

George, great post and very excellent reminders. Thank you for sharing the benefit of your experience once again. I'll admit I didn't read all the comments here so if this is redundant forgive me. The balance between blogging and prospecting and face to face and all of the lead-generating stuff must also include time to be working "on" the business. Whether this is IN the office or at the home office, this time must be scheduled too. So although no money is made from being IN the office, I hope folks understand they'd better be running their business as a business in '08 or they won't be around this time next year.

-Colleen

Dec 20, 2007 06:52 AM
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate

Tchaka - Thanks for the vote of confidence!

Gary - Thank you my friend

Richard - You are very welcome

Colleen - Thanks for your insight and I hope all is well

Dec 20, 2007 01:19 PM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

George comment Number 101   for Business sense 101.

You are right and unless you are getting "out there" will be left out in the cold for sure!  Good Job George!  Keep em coming!

Dec 21, 2007 09:31 PM
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate
Allison - Thank you my friend.  Have a wonderful weekend and an awesome Christmas and New Year!
Dec 22, 2007 01:45 AM