BloodhoundBlog

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More On Success

I am way behind on getting out the videos I promised some months ago. I think most of the kinks are now out of how to do them, now it is just a matter of setting aside the time to do them. In the meantime, here is another installment booster – for agents who want to succeed – that I have intended all along.

Wayne Long writes:

I am a big fan of the Millionaire Real Estate book and all the products they have. All that said, as I watched the video I had some questions.

The book was written now several years ago based on people who became successful prior to the book being published.

My question is: Has the paradigm shifted? If we are interviewing agents 5 or 10 years from now who are mega successful agents – will they say that SOI and direct mail is how I got here or will they say a great website and blogging is how I got here?

There are obviously certain principles that never change and great service, systems, leverage, and lead generation will always be the way to success.

The question is: Has the most effective way to generate leads changed?

These questions were in response to the video you can see here. Short answer; no. Long answer; no, and I doubt it is ever going to change. There will of coursesuccess brush be
people who will rise up and disagree with that statement. They are simply wrong. But before anyone even bothers to disagree (watch the video first), let us be very very clear about what I am even talking about here. Is there something in the MREA book that is wrong? No. Is is “outdated”? No. Could it be more updated? Yes, and, in fact, a revision is in progress – but it still isn’t “outdated”. Our business hasn’t changed. The most important parts of long term stable success in residential sales is getting and getting rid of listings. That was true 40 – 50 years ago and I believe it will still be true 40 – 50 years from now. The things that make is seem Read more

Unchained: It’ll soon shake your windows and rattle your walls…

I’ve mentioned before a friend of mine who’s a broker in Phoenix; we talk perhaps once a month. Several weeks ago he told me about a conversation he’d had with someone in my office that stunned me, and I’m not easily stunned. I asked “are you sure?” three times, then asked him to please put it in an email, which he did. He’s now said he’s willing to be deposed. Here’s the email he sent:

Hi Jeff,

I wanted to let you know that I had a conversation with a fellow agent of yours, [redacted], two weeks ago. She had called me because my client’s are moving to Oregon and happened to look at one of her listings. She was asking if I thought their house was priced right and how long it would take to sell it. I told her I was from Tigard and knew you.

She said you were very pushy, arrogant and a jerk. I told her that she must be talking about someone else and I described you. She said no it definitely was you and that she would never do her business the way you do and that you are a little unethical in your business practices.

I felt you might want to know what she was saying about you.

‘Arrogant’ in the postmodern twenty-first century refers to anyone who actually believes what he says and says it. Guilty. If by ‘pushy’ this person meant someone who insists people to follow through on promises, guilty again. ‘Jerk’ is so manifestly subjective that it’s meaningless.

But ‘unethical’? That’s slander.

Now: This person is a mega-producer, in business for twenty five years. I’ve been in the business a little over three. I did a few open houses for her up until a year ago – I learned email to her was a decidedly foreign concept – but we’ve never been on opposite sides of a transaction. By both reputation and public record this is her SOP: the climb to the top has been with cleats on the backs of others; I suspect everyone reading Read more

Inman Bloggers’ Disconnect: Absorbing the priceless wisdom of brilliant speakers who are not doing what you’re trying to do…

Here are a couple of salient facts, evidently unknown behind the Rust Curtain of the Inman Empire:

  • To the extent that Glenn Kelman is a weblogger at all, he is a corporate weblogger. He doesn’t know anything about real estate weblogging, as he made plain in his sweet, charming, engaging keynote address at last summer’s Blogger’s Connect.
  • Lockhart Steele publishes real estate porn. I’m told Curbed is a fun read (I don’t read it), but it’s not real estate weblogging as we understand it. As with Kelman, I’m sure Steele knows many interesting things. They’re just not the things real estate webloggers might hope to learn by attending Blogger’s Connect.

So: Inman runs an event, Have a Cigar as far as I can tell, and delivers speakers who know nothing about the topic.

This makes sense to whom?

The logical choices for the keynote address were me, Dustin Luther, Brian Brady or Joel Burslem. Brad Inman seems to carefully identify and recruit coveted audiences so he can spit on them, but, in this case, I think the man simply doesn’t know what he doesn’t know.

Come to the Blogger’s Connect keynote address and learn how to… what?

Truly stoopid…

A big bonus for BloodhoundBlog Unchained, in any case. We were going to kick ass anyway, but the contrast will be that much more telling.

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The Call Center (and Real Estate Professional) Phone Shuffle

kitteh on phone no wan talk 2 uSeth Godin wrote this week about the customer service call centers set up with conflicting goals.  Regarding his experience with PayPal:

The desired outcome (I go away) doesn’t seem like it’s aligned with the corporate goals (I stick around).

Most call centers reward employees for non-escalated calls and for shorter calls.  I experience this primarily when I call Sprint or the cable company (especially tech support).  The script doesn’t include actual help, it is designed to herd you off the phone or to a different department to boost their individual stats.

What does this have to do with real estate?  We’re in a customer service industry designed to retain clients, but I would say that most Realtors and lenders fail.  [Disclaimer: I’m not a licensed Realtor and although I work in the industry, I maintain a client-like perspective.]

Just try calling a listing agent from your cell.  Naturally, there is rarely an answer.  Occassionally, you’ll get a call back, but if you’re a Realtor or an industry professional (and not an unrepresented buyer), the tone frequently changes and you’re shuffled off the phone.  Try emailing a listing agent and perhaps within 36-48 months you’ll receive a reply, but chances are they’ll never open your message.  The difficulty is that many readers are here to better their profession and this problem does not apply to them but we must all self-evaluate.  As for our company, agents have been let go for lack of communication (yes, you heard that correctly- agents are let go) and lenders (most notably processors) have been let go for lack of communication as well.

Don’t be part of the “not my problem” problem- answer your phone even if you don’t recognize the number.  Don’t ever make a caller feel as if they are unimportant, whether they are a buyer, seller or fellow agent.  Return messages promptly, and if you say you’re going to call by 11am, call by 11am or be prepared at 12pm to call with an apology. 

Let’s change this industry from one equivalent to Seth’s terrible experience with PayPal into the customer service beacon it should be. 

Speechless Without Writers

Speechless Without Writers enlisted top actors in a show of solidarity with the writers’ unions.

Appearing in spots for Speechless are: Sean Penn, Holly Hunter, Laura Linney, Alan Cumming, Jay Leno, Harvey Keitel, Kate Beckinsale, Tina Fey, Tim Robbins, Gary Marshall, David Schwimmer, Patricia Clarkson, James Franco, Julia Louis-Dreyfuss, Martin Sheen, Josh Brolin, Susan Sarandon, Andre 3000, Chazz Palminteri, Jason Bateman, Christine Lahti, Patricia Arquette, Jenna Elfman, Olivia Wilde, Richard Benjamin, Paula Prentiss, Eva Longoria, Justine Bateman, Joshua Jackson, Rosanna Arquette, Diane Ladd, Rebecca Romjin, Minnie Driver, Nicollette Sheridan, Robert Patrick, Matthew Perry, Ed Asner and America Ferrera and the cast of Ugly Betty.

Click Here To See Episode 12.

I’m Not Even Gay Yet and Look What I Got

I received the following email from: real estate agent [gayagent@gayrealestatedirectory.com]. I think of myself as a pretty friendly guy and have sold homes to and for many gay people over the years. I’ve always behaved as though what was really wanted and needed was someone who would get the job done. This is yet another of the remarkably endless ways to charge Realtors money for something they “now need”.   

__

Market to the gay friendly community-One of the fastest growing markets today.

One of today’s fastest growing home owner market segments is our gay family communities. They are highly successful and very influential members of our American society. They have the means and the need to secure loans and purchase homes in some of the wealthiest communities. They are searching for like minded as well as opened minded business professionals to help them achieve their life goals.

If you are a gay or gay friendly real estate agent or broker we would like to invite you to become a part of our community. We need representation in major cities to service our gay community. Our future gay homeowners would like to view your website listings and possibly find their special dream home. To share your professional services with our visitors all you need to do is to go to this address www.gayrealestatedirectory.com and choose the agent and broker signup choice at the bottom of the page. This will take you to our submit page where you will receive instructions on becoming part of our marketing community.

Our gay community website has already moved up to the first page and top positions of the major search engines. We are one of the Top Gay Real Estate Directories on Yahoo. http://search.yahoo.com/search gay real estate directory .

We are also on the first page of Yahoo for Gay Real Estate Listings as well.
http://search.yahoo.com/search gay real estate listings As you can see, we work very hard to provide the Gay Community with a unique gateway access to some of the Top Real Estate Professionals and Brokers in the country. We want them to feel comfortable that our real estate professionals understand Read more

The Odysseus Medal: “We can see the bottom through clearing water”

Actions have consequences. When we became a group weblog, I set my sights on the very best writers. We haven’t recruited actively until recently, but, even so, a lot of the most talented voices in the RE.net have ended up writing here. Three of this week’s short list of thirteen nominated posts came from BloodhoundBlog, and I cut mercilessly to get down to three. Worse (better!), four more of the thirteen were written by BloodhoundBlog contributors working from their home weblogs. And this week — for the first but probably not the last time — all three winners come from the Bloodhound kennel. I would apologize for that, except that would require me to apologize for having the wit to pick out good writers in the first place!

All that said, The Odysseus Medal this week goes to Brian Brady for 2008 Housing Market Outlook For U.S. Investors:

While astute investors will have a virtual plethora of homes to buy, in the first half of 2008, they shouldn’t be PAINFULLY picky. Investors should be judicious but painfully picky is a sure-fire way to ensure that no deal will ever make sense. The shift in housing next year will put an upward pressure on rents, over the next five years, as the percentage of home ownership declines from its national high. It is conceivable, in the transition markets of Southern California, Arizona, Nevada, and Florida, that rents could rise as much as 20%, in the next five years, as those former homeowners lease homes. The long-term fundamentals of these markets still make sense. More people move to those locales than leave each year so steady population growth is on an investor’s side.

While the forecast for 2008 is grim, there are silver linings amidst this black cloud. Investors will have opportunities to own great properties if they understand that while we may not be touching the bottom, we can see the bottom through clearing water. Investors should analyze property investments and consider purchase offers with both economic and utilitarian values in mind. In the aforementioned Phoenix example, digging your heels in and proclaiming that "the Read more

Unchained melodies: My way

Daniel Rothamel offers up Frank Sinatra’s version of Paul Anka’s My way, citing these lyrics:

For What is a man? What has he got? If not himself, then he has naught. To say the things he truly feels, and not the words of one who yields. The record shows, I took the blows, and did it my way.

Okayfine. For my own part, I’ve always thought this song lays it on a little too thick, as the King of Rock ‘n’ Roll at his thickest makes plain:

Sid Vicious gave it a pomo send-up, but the tune just might be beyond parody:

I do like the idea, but I worry that the first-person protagonist might be too much a Walter Mittyesque legend-in-his-own-mind. And so I end up here, with Limp Bizkit, to me a more convincing expression of the sentiment:

What else is out there?

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Turning 2’s Into 10’s — Learning In Interesting Times

It’s been an interesting year, in the sense of the old Chinese proverb about interesting times. Interesting in this context meaning hard times. Mortgage brokers are scrambling, trying to give great service while simultaneously discerning between serious borrowers and serious time wasters. Real estate agents, many of them in he business since 2000 or later, never having experienced even a normal market, are being harshly introduced to reality. I’ve recently learned some of the agents with whom I’ve become friendly during the great times, have taken 8-5 jobs. Many of them are wondering how long they can hang.

Turns out real estate, lending, blogging, marketing, and all the other jobs, require expertise and hard work. Go figure.

Another surprising development has been how experience has also quickly risen to the top as a quality attribute the last couple years. (Think my tongue almost penetrated my cheek on that one.)

Because there is not nearly as much business going on these days, the small things are creating big problems. I don’t mean by themselves though. It’s because, in my opinion, people are reacting poorly under pressure. A small problem, a 2 on the 1-10 scale, will arise. They respond though, as if it’s a 10. They do this because even a small threat to their acutely reduced income, scares them silly. Over time, their credibility suffers, as nobody around them takes them seriously. No matter how it’s framed, a problem worthy of only a 2 rating, doesn’t become a 10 just because it’s treated that way. People aren’t stupid — they notice — sometimes. In an alternate scenario, others become infected by this overreaction virus. Now all around are behaving as if the 2 is in reality a 10. I’ve seen easily solvable problems become deal killers — they died from the dreaded, ‘2 into 10’ fever.

It can get ugly when that happens. Egos get involved, emotions take over, and before anyone realizes it, the elevator has crashed thunderingly into the basement.

My first really tough market when everything went to hell in a hand basket, began in the last quarter of ’79. Read more