Announcing our Rookie of the Year... Jake!

By
Education & Training with Sell with Soul

This is the fourth episode of Jake's journey... To read previous episodes, start here

Fast forward to year-end...
Jake was the rookie of the year in his rookie "class" of nearly 100 agents. He sold 25 homes; 22 with people he knew or people he met socially. His other three clients came from floor duty and an open house. All three of these people have since referred him to their friends and family.

Here's where Jake's first 25 sales came from:

Grandma - referral from his old boss's assistant
Jim and Patricia (2 sales) - Met a the wedding of a mutual friend
Kenny - wife's massage therapist
Paul (1 sale and 1 referral) - Patricia's brother
Steve - Met at the dog park
Amanda - referral from Jake's wife
Deanna - referral from Jake's wife
Mrs. Palmer - The mother-in-law of a vendor from Jake's past life, pre-real estate
Grandpa Palmer - The grandfather of the same vendor
Stan and Colleen - Referral from Amanda
Mary - Referral from Patricia
Frank (3 sales) - Referral from an agent Jake met in a GRI class
Don & Cindy (2 sales) - Met at an open house
Catherine - referral from Jake's insurance agent
Wayne - Met on floor duty; turns out they had a mutual friend
Joan & Marie (2 sales) - Referral from Frank
Rachel - the office receptionist at Jake's real estate office!
Cari - Met at a housewarming party for Stan and Colleen
Cindy - Referral from a new home on-site salesperson Jake met while showing homes to Deanna

Fast Forward two years...
Jake's real estate career is rocking. He was rookie of the year his first year, doubled his income the next, and is well on his way to doubling it again. Does he prospect to FSBO's and Expireds? Nah, not often.

Does he send out Just Listed! and Just Sold! cards to his farm area? Nope. Too much trouble.

Does he advertise in the newspaper or on bus benches? No. He tried it for a while, but quickly realized that he was throwing his money away.

No, Jake focuses on his ever-growing SOI. He's up to around 250 people, and adds more every week. The vast majority of his business comes directly or indirectly from his contact database, through the people he actually knows, or the people he meets through the people he knows or in the course of his daily travels.

Jake loves selling real estate. He's perplexed when he hears other agents complaining about disloyal buyers, unproductive open houses and deadly boring floor duty. He's really too busy to worry about such things.

He has an investor he works with who keeps him hopping. He was introduced to the investor toward the end of his rookie year by an out-of-town real estate agent he met at a GRI class. Over lunch, the out-of-town agent mentioned that he was working with an investor who was becoming increasingly frustrated with the market the agent specialized in. Jake jokingly offered to take the investor off the agent's hands and introduce him to the market in Jake's town.

Long story short, that's exactly what happened, and this investor (Frank) has turned into a gold mine of business and referrals for Jake. To date, Frank has bought 7 properties and listed and sold three of them. Frank is currently looking at multi-family apartment buildings to convert to condominiums for sale. We're talking Big Bucks here.

Frank has also referred three other people to Jake, one of whom has referred two more. During the course of listing one of Frank's properties, Jake met Danielle who owns an upscale construction company and has used Jake to market two of her $1M spec homes. She uses other agents too, sometimes, but Jake is her favorite.

A few weeks ago, Jake called Patricia just to say hello, as he does periodically with all of his social SOI. Patricia told Jake that she and Jim are splitting up, so they'll be putting their home on the market soon. Jake scheduled an appointment to meet with the unhappy couple and now has their home on the market. Both Jim and Patricia will be purchasing smaller replacement homes, and Jake will their buyer's agent.

Remember Kenny? The massage therapist who couldn't afford his dream neighborhood quite yet? Well, Kenny is getting married in a few months to a local celebrity and they'll be buying a home in an even BETTER neighborhood than the one Kenny was earlier priced out of! Not only that, but Kenny's current home has appreciated nicely and when Jake lists it for sale next summer, Kenny is gonna thank Jake for introducing him to his "affordable" neighborhood.

And, of course, continue to tell everyone he knows what an awesome guy Jake is.

We're not finished with Jake yet... tune in tomorrow.

 

 

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The More Fun You Have Selling Real Estate, the More Real Estate You Will Sell! 
(True Story)
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Rainmaker
240,687
Faith LaRosse
Springer Realty Group - Wyomissing, PA
Serving Berks, Chester & Montgomery Counties

Jake is my hero....I'd like to somehow morph myself into my area's "Jake". Let me get busy on that. It just goes to show you, that nice guys do finish first sometimes.  Thanks, Jennifer for the inspiration...

 

 

Sep 24, 2007 12:24 AM #1
Rainer
78,052
Aziz Abdur-Raoof
RE/MAX Rewards - Columbia, MD
Howard Co. Real Estate Scoop
Jake know real estate!
Sep 24, 2007 01:31 AM #2
Ambassador
3,694,579
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital
Somehow, I knew this story would turn out well!  WoooHoooo Jake!  Get that man blogging!
Sep 24, 2007 01:51 AM #3
Ambassador
1,553,981
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"
What Jake has comes naturally to Jake.  He could probably convince Democrats in Congress that George Bush is the greatest president to ever occupy the White House.  Most of us could follow Jake around all day and never acquire the personality that is Jake.  Most of us need more tools than that. Karen
Sep 24, 2007 02:12 AM #4
Rainmaker
485,057
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul
Karen - Oh, my, I disagree! Believe me, Jake is NOT a natural salesperson. In fact, he doesn't even enjoy "sales" all that much, although he is certainly enjoying the paychecks. Jake is just a really good real estate agent who cares about his current clients more than his future ones... and he's having so much fun that his attitude and enthusiasm are magnetic. He doesn't prospect or "sell" at all - he just does his job, enjoys the heck out of it and people are drawn to him.
Sep 24, 2007 02:26 AM #5
Rainer
33,395
Kelly McDonald
Lagrange, KY

I agree with Jennifer - I see Jake's qualities as:

1) Returns phone calls quickly or even ANSWERS the phone when it rings (instead of checking the caller ID and seeing if he recognizes the number).

2) Doesn't rush his clients into any decision - if it takes 3 months to decide on the perfect house, he's willing to take the time and learn from it as well (i.e. - making 10 trips to view houses and taking the opportunity to learn the areas as he goes along).

3) Stays in touch via email, phone, lunches, cards, etc. without the "standard business" feel.

Doesn't sound like Jake has any special "magic" tools to help him out - just common sense, common courtesy, and a no-pressure attitude.

I'm following the Jennifer Allan school of SOI too - though taking it slower than Jake due to other committments, but I fully expect the same results.

Sep 24, 2007 02:48 AM #6
Rainer
62,831
Allen C. Wright
RealtyU - Aliso Viejo, CA
NS, AHS, REPS

Next year Jake should consider doing House-Warming Parties a great way to meet clients friends, family and co-workers ... also good way to meet the new neighbors.

Want details ... ask Jennifer, she will divulge all the secrets she knows.

Sep 24, 2007 11:38 AM #7
Rainer
35,340
Rob Baldwin
US ECO-GREEN REAL ESTATE INC. - Santa Clarita, CA
REALTOR, Santa Clarita
WOW!! Jennifer, being that you are an author and all, when I read this story I am thinking to myself. Is Jake a real person? Girl you can write!
Sep 24, 2007 11:52 AM #8
Rainmaker
485,057
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Rob - thanks!!!!!

Allen - Great idea about the housewarming parties... I know they work, even though I was never brave enough to do one myself (I suck at small talk). My partner did one and got business from it for years!

Sep 25, 2007 01:20 AM #9
Rainer
34,541
Marcia Kirtonx
EXIT All Seasons Realty - Brooklyn, NY
Brooklyn, NY - EXIT Realty
Gee Jake! You have given my prospecting life a new meaning. I have to dust off my address book and just have fun catching up with folks. Furthermore I need to hang out with my friends more often. From now on ... I'm going to RSVP YES to more invitations for gatherings with friends and family. You've given a new meaning to that dreadful P word. Whoo hooo... I'm on my way to a party!
Sep 25, 2007 08:32 AM #10
Rainmaker
485,057
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul
Oh, Marcia, I'm so proud of you! That's exactly it. HAVE FUN with it!!!
Sep 25, 2007 08:44 AM #11
Rainmaker
1,027,150
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.
I have been offline for much of the past couple of weeks, but wandered on this morning while waiting for some return phone calls.  This was a GREAT and inspiring read!!
Oct 01, 2007 01:03 AM #12
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Rainmaker
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Jennifer Allan-Hagedorn

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