BloodhoundBlog

There’s always something to howl about.

Archives (page 259 of 372)

In The Spirit of Sharing (or showing off).

Well, Kris threw down the gauntlet, so to speak, and invited a sharing of our own ideas and intrepid adventures in home marketing. I know that many have been very open in their sharing of marketing ideas, especially our host, and I thought I would also share some ideas that I use.

First, I can absolutely see the benfits of a professional photographer, and while I is one, I know that there are better people than me, and I probably ought to delegate some of this (a gratuitous nod to Russell). But darn it! I like doing it. I am an endless tinkerer, and nothing thrills me more that playing with photos. Here are a few examples:

Photo Sharing and Video Hosting at Photobucket

Photo Sharing and Video Hosting at Photobucket

Photo Sharing and Video Hosting at Photobucket

So, I’m not totally thrilled with my work, but who ever is? The point is that I’m always trying to get better.

Next, I tried a new flyer idea: a largish tri-fold flyer:

 

Photo Sharing and Video Hosting at Photobucket

Photo Sharing and Video Hosting at Photobucket

So, I print these off myself on heavy stock on my Phaser printer, and they come out looking pretty good (despite the 380 dollars a month for ink!)  I then create my own virtual tours:

One thing that I do with my tours that I haven’t seen many agents do is photograph the entire neightborhood and surrounding city. Depending on what’s around the property, I’ll photograph houses of worship, restaurants, cultural attractions, shopping, mountains, ball parks, zoos, etc. I think this is particularly helpful to out-of-town buyers who may not be that familiar with our local scenery.

Finally, I’ll take the virtual tour and burn it to a miniature, business card cd, with a picture of the home on the front and some contact information. This card, along with one of the flyers for the home, and an additional page extolling the virtues of listing with yours truly, will be sent to the homes in the surrounding area. I’ll leave a stack of these in a presentation holder inside the home for the buyer to take with them. I also give a stack to the owners, so they can give them to family, friends, co-workers, and curch-goers. I also keep a pocket-full of these things with me Read more

Dogs Playing Poker – What do you do with great property photos?

Greg had asked me to follow up on some particulars of the twilight photos we recently commissioned for one of our seller’s homes and, specifically, how these shots translated into our brochures. Here goes.

dogsplayingpoker.jpg

As a foreword, I just love this whole conversation because it debunks the argument that all agents hold the tools in their marketing box as safely guarded secrets lest “the competition” figure it out. This is transparency at its best. The reality is, and my position has always been, that nothing I do is secret. If other agents don’t know what Steve and I are doing for our clients today, then they will tomorrow. None of us has a copyright on good ideas; we only own them to the extent that others are unwilling to invest the time and money to see our efforts and raise us one.

Many agents, of course, and many of them in my market will “borrow” my ideas over time, which will inspire me to do better yet,  keeping our little poker game going. In the end, everyone wins.

First, it took me awhile to admit that, while my better-than-most camera with wide-angle capability is pretty nifty, and while I consider myself having a keen eye for the shot, having produced about 4 gazillion flyers and brochures over the years, the professionals can do it better. Perhaps the biggest benefit to me, and Mr. Shaw will appreciate my newfound appreciation for delegation, is the time savings that I am realizing, which more than offsets any cost of privatizing the photography.

While I still have to be physically present during the shoot (and, in the case of twilight photography, this is a two to three hour event), the photos are delivered to me within 24 hours. I receive two zipped files, one containing the full-resolution photos and the other the photos resized for the web. Now I do not have to spend an afternoon throwing out the bad and adjusting the lighting on the good, nor do I have to resize the ones I will be using on the Internet. And, the photos are mine to do with as I please Read more

How do you get a San Diego beach house to give a positively glowing review of itself?

Wait for the light. Kris Berg shows you how it’s done. Do not fail to look at all of the photos.

I’m sure we would all love to have bazillion-dollar beach houses to sell, but, whatever your market, this is the kind of above-and-beyond marketing that gets houses sold.

Technorati Tags: , ,

Listings bulimia? While it is not yet ready to break the vicious cycle of bingeing and purging, Zillow.com is willing to nibble on your data feed to try to decide if it wants to eat it later

Zillow.com is getting ready to get ready to take listings data feeds. The X in XML stands for eXtensible, but Zillow and dynamism sleep at opposite ends of the bed. In any case, if you ready to get started getting ready to go, Zillow is prepared to think about undertaking those last few items of preparation. If you fail to plan, you’re planning to fail, but what happens if you fail to plan (to plan (to plan (to plan (…))))? It’s a problem. As the Melancholy Dane advises, “Get thee to a vomitoria!” When it comes to lunch and data feeds, “a double blessing is a double grace,” so to speak.

I haven’t looked at the specs yet, but I have PHP for feeds into Trulia, PropSmart and ZeeMaps. If your broker won’t support you, it may be I can help.

Technorati Tags: , , ,

How to be a Successful Originator For About $25,000

Blogging for business is NOT the most efficient use of your time. Your time is better spent mining your database. This is a topic near and dear to my heart; my database is a mess. Had I properly maintained it these past 7-8 years, I’d probably be retired today. If I employed the 33-touch system, suggested by Gary Keller,  I’d not be hunting for the next batch of loans. I certainly wouldn’t be, as one online marketing vendor called my strategy, “puking all over the internet” , sifting through inquiries, to find serious borrowers.

That is not to say that blogging doesn’t have it’s place; it does. As Greg suggests, it is an excellent way to connect “viscerally” with your database. Creating a cozy community may be the focus of my online marketing efforts once I practice the “Law of the Broom” and clean house. This is not a reversal of my claim that keyword-rich text gets search engine results; it most certainly does. Blogging for your customers, employing a few basic keyword search terms, can attract more like-minded people which makes your business proposition more efficient (READ: I want more people that are just like my best clients). By playing to your strengths, you can hit more balls out of the park because you’ll start seeing the same kind of pitches.

Enter someone like Ray Cobel. Ray runs an outfit called Cobel Target Marketing. I met him on Active Rain and realized that he knows a helluva lot about mining databases. Ray has agreed to let me interview him for a podcast, to be hosted here on Bloodhound Blog. I’m still working on my questions so you can e-mail me if you have one for him.

I have some advantages as I start to apply the Law of the Broom. I’ve been in business for some twenty years, thirteen as a loan originator. I have a lot of people’s name in the computer, on business cards, or on cocktail napkins from Durant’s or the Poseidon. Read more

Would you trust this man with your most precious investment?

Four hundred families a year do. Believe it or not, that’s our own Russell Shaw in his salad days as a radio comedian in Phoenix in the mid-seventies.

Derrick Bostrom, of the band The Meat Puppets, maintains a virtual shrine to a radio show called Love Workshop:

“Love Workshop” was a fifteen-minute comedy program that ran on KDKB-FM radio in Phoenix, Arizona for most of 1976. The show was always somewhat of a mystery to me. During its brief life, “Love Workshop’s” hosts, Vern & Craig (Todd Carroll and “Wonderful” Russ Shaw) were my heroes, They just seemed to appear out of nowhere all of a sudden, offering the kind of savage humor I idolized in the “National Lampoon,” only they were right in my own backyard. And then it disappeared just as quickly.

The site is a weblog, of course, and today Bostrom reprints an old interview with Russ. Bostrom has also managed to collect recordings of Love Workshop episodes, which you can use to spice up your Russell Shaw MP3 collection.

Technorati Tags: , , ,

My 9/11 prayer . . .

This is me, this time last year:

Cathy and I watched The Path to 9/11 on television tonight. I had forgotten that we were in Metro New York for the Turn of the Millennium. My father lives in Connecticut, and we went there that year for New Year’s Day. The photo you see is my son crawling all over a bronze statue of a stock broker in Liberty Park, directly across from what was then the Merrill Lynch Building — on December 30, 1999.

I lived in Manhattan for ten years, from 1976 to 1986. For quite a few of those years, I worked just across from Liberty Park, in the Equitable Building at 120 Broadway. At the other end of that little brick park was the southeast entrance to the World Trade Center complex.

I worked insane hours in those days, and, very often, when I got out of work, I would go sit at this tiny circular plaza plopped down between the Twin Towers. Not quite pre-dawn, still full dark, but completely deserted — and to be completely alone in New York City is an accomplishment. I would throw my head back and look up at the towers, the fourth movement of the Ninth Symphony running note-perfect through my head.

Everything I am describing was either destroyed or heavily damaged on September 11, 2001. Along with the lives of thousand of innocents. Along with the comfort and serenity of their families. Along with the peace of the entire world.

I don’t believe in any heaven except for this earth, this life — the heaven we make every day by pursuing the highest and best within us. The World Trade Center had its faults. I can detail every one. But it was a piece of the sublime, a proud testament to how high, how good our highest and best can be. I don’t believe in heaven, but when I think of what was done that day, I pray there is an everlasting torment for the men who did it…

Technorati Tags:

Are People Who Don’t Understand “The Dip” Complete Morons?

Matt Kinsey and Ken Wheaton are educated idiots. Here are the book reviews they wrote for “The Dip” by Seth Godin. I sent that link with those reviews to Greg Swann just as the book was being released. I suppose you could say I was trying to help him not waste his time going to hear Seth speak. Seth Godin came to Phoenix and I didn’t go to see him. That was pretty stupid of me to allow myself to be influenced by those two reviews. Even though I had loved his earlier book, Purple Cow, I bought into their reviews.idiot test

A couple of weeks ago my friend, Dean Selvey called me telling me he had a book he wanted me to read. He drove over to my office to give it to me. It was The Dip. I was leaving the next day to fly to San Jose to give a seminar for Starpower and took it with me to read on the plane. DAMN! What a simple and wonderful viewpoint Seth communicates in this easy to read, easy to understand book.

Get ALL the way in or get ALL the way out. Do it or don’t do it. Be the best or skip it. These concepts are apparently so advanced that some reviewers just can’t grasp them at all. They need a checklist (maybe for them Seth could write a manual on how to chew soft bread?), for sure they aren’t going to look directly at anything.

Today, Dean and I had lunch. It was very good. It was his turn to buy, so I really enjoyed it. Thanks for lunch and for the book. 🙂
___

On a completely different note, here is a very nice write up on setting up a real estate sales assembly line from the legendary Ralph Roberts. Ralph was one of the original Superstar agents – he was one of the guys who did it back when there was no one to copy – he was a trail blazer. He understood The Dip.

The Odysseus Medal: “Superior taste, no overdone sugar coating which only masks the real product, and no nuts”

It is my honor and privilege to work with some of the best writers in the RE.net. There are other folks I deeply admire but whom it would be unseemly for one reason or another to recruit. But the people who write for BloodhoundBlog are first among the first rank, whether they are writing here or at their home weblogs. The Odysseus Medal competition gives me a chance to savor great writing from other great writers, so I am not twice-blessed but dozens-blessed every week — as are you.

Here are the winners of this week’s Odysseus Medal competition:

This week’s Odysseus Medal goes to Kris Berg for News You Can Use – Real Estate is a Business:

Any new agent who steps foot in the Broker’s door without basic technology skills or a strong desire to learn and embrace technology, should ahead of anything else be given a 2.0 crash course. A canned, unmanned page on your Broker’s site is not good enough; yourname@aol.com is not good enough. What they need to teach and you need to possess is a commitment to continuing education and an aching hunger to understand as much as you possibly can about the countless technological tools at your disposal in the big, wide world out there. Your business depends on it. Eighty-six your planned recipe card mailer, and reallocate that money and time to establishing and growing an online, relevant presence.

This post is a string of stunning Black Pearls all on its own.

But: This week’s Black Pearl Award belongs to Jonathan Dalton for Sell Your Phoenix Real Estate in Two Weeks. Not as local as the title makes it sound:

Take your home’s value back in November 2004 before the run began. Compute what your home’s value would be based on 5% annual appreciation. Then take the last sales price (or prices for currently active homes) and find the midpoint between that price and your adjusted home value.

For example: your home was worth $200,000 in 2004. Assuming 5% annual appreciation, your home would be worth roughly $231,000 now. If currently active homes are selling at $270,000, split the difference – $250,000.

Congratulations. You Read more

Voting for this week’s People’s Choice Award is open

Vote here.

The short list just keeps getting longer. I’d apologize, but I’m cutting ruthlessly. We’re just getting a lot of truly excellent entrants.

Voting runs through to 12 Noon PDT/MST Monday. I’ll announce the winners of this week’s awards soon thereafter.

Here is this week’s short list of nominees.

Technorati Tags: , ,

Last call for Odysseus Medal nominees

I changed the graphic at the top of the page for the better part of last week, an homage to Kris Berg’s excellent post, but I don’t think anyone noticed.

We have a bunch of great entries for The Odysseus Medal, but only you know what we’re missing out on. Deadline is 12 Noon PDT/MST, so make your nominations now.

Technorati Tags: , ,

Church of Darth Vader opens: Shuttles to the Death Star III departing daily

No, wait. Appearances to the contrary, that is not the Church of Darth Vader. It’s the brand new Tempe Center for the Arts — a concert venue, because Phoenix can never have enough empty concert venues.

It’s built near a working freight railroad line.

It’s built in the glide path of Skyharbor Airport.

It’s built in the flood plain of the Salt River.

Who says taxpayers are dupes?

Technorati Tags: ,

I Want My Half

An email I received:

Dear Russell;

How many years have you been in Real Estate here in the valley? (I know it has been a long time)

We were going to build a custom home for resale in Circle G Ranches Silvercreek, which is in Gilbert. We had a lot partner that owned the lot and would subordinate it to us to get the construction loan. When the project was completed and sold, all debts would be paid and the profits would be split 50/50.

The deal did not work out. The real estate market (as you are very aware) has softened. The lot she bought in March 2006 for $485,000.00 has now appraised for $430,000.00. The lot owner feels she has suffered a loss on the lot and wants us to split the $55,000.00 loss, yet she will keep the lot and in the future either sell the lot or build a home on it.

What do you think? We think she hasn’t suffered a loss until the lot is sold and she officially suffers a loss.

Thank you for your time.

half-halfThis is my 30th year in the real estate business. I started with John Hall & Associates early in the year in 1978. Now for the far more important question, has your lot investor suffered a real loss. It depends on how you look at it. Is the “loss” real to her? I think that answer is yes. Is it real to me? Not so much.

Have prices dropped since March of 2006? Yes, absolutely. Is that lot now worth less? Maybe. But if we look at who appraisals are for we may get better insight on this issue. Appraisals are for the lender or necessary to show some other party the “true value”. They are not required by the buyer or seller. Oddly, issues like the buyer’s FICO score can be a factor in determining the appraisal amount – so – no disrespect to appraisers – but I’m not very interested in what an appraiser thinks the value is, unless that appraiser is going to buy it. There are various rules that appraisers must follow Read more