Академический Документы
Профессиональный Документы
Культура Документы
AUGUST 2007
Realtors®
Giving Back to
the Community
• The Dictionary Project
PRST STD
US Postage
• Habitat for Humanity
Paid
Permit #66
Paradise, CA
• OneChild
• REALTORS® Getting Real
About Schools
Their calling card.
Shelley Despotakis
Vice President • County Manager
Alameda County
San Joaquin County
sdespotakis@nat.com
Ours.
North American Title. Delivering hot, fresh value every morning, noon, and night. How sweet it is.
fromthePRESIDENT
Chuck Edell
2007 president
Bay East association of realtors®
R E A LT O R S ® A re a G i v i n g B u n c h
financial donation that Bay East made to the housing any issue you may have. I will do my best to answer
development. Many of our fellow Bay East members your questions and resolve any difficulties. It is best to
3
Volume 6, Issue 7 • AUGUST 2007
Bay East Association of REALTORS®
Board of Directors
Chuck Edell, President
AUGUST2007
INSIDEthisissue..
Melrose Forde, President-Elect
Jean Powers, Treasurer columns
Gib Souza, Past President
Central County page 3 From the president
Otto Catrina, Director page 5 CEO Notes
Michael Godfrey, Director
PAGE 14 MEMBERS GIVING BACK PAGE 7 GAD DESK
Pam Winterbauer, Director
Tri-City
Whether it’s assisting a needy family to find a home PAGE 13 EMERGING TECHNOLOGY
Tom Cree, Director or providing a dictionary to a young mind, we, as an
Dorothy Jackson, Director Association and individuals, are constantly striving to DEPARTMENTS
Shawna Jorat, Director
John Juarez, Director
find solutions for our community.
PAGE 8 EDUCATION HIGHLIGHTS
Miguel Velazco, Director
PAGE 15 WAYS TO GIVE BACK PAGE 8 NEW MEMBERS
Tri-Valley
Pete Conley, Director Let your efforts make your corner a little brighter. PAGE 10 HOUSING REPORT
Jeri Jorgenson, Director
Tammy Pryor, Director PAGE 16 EMBRACING ONLINE LEADS PAGE 11 MEDIATION
Mike Fracisco, Director As long as you know how to speak the language of PAGE 12 MARKETING MEETINGS
At-Large online leads, you’ll never have a shortage of clients. PAGE 18 TECH TIPS
Jeanie Reitzell, Director
Don Faught, Director
PAGE 17 THE RIGHT WAY TO ASK FOR FEEDBACK
Pat Huffman, Director
Surveys can fuel ideas for new service offerings to help
Affiliate
Cathy Campbell, Director you improve your selling skills and fix problems that
ON THE WEB
you didn’t even know existed. SPEAKERS’ BUREAU
STAFF Bay East, in conjunction with its Professional Standards Council, has
Chief Executive Officer developed a Speakers’ Bureau. The Speakers’ Bureau is designed to
Tricia Thomas ABOUT THE COVER increase industry professionalism by presenting timely topics in a well-
Vice President of Administration Alex Rooney proudly displays a dictionary provided researched and informative manner for new and veteran members. For
Pam Barnes more information, explore the Speakers Bureau section of the website at
to Mrs. Borris’s third grade class at Walnut Grove
Technology Training Director www.bayeast.org/programs/speakers/ or contact Pam Barnes at pamb@
Larnett Eckles Elementary School in Pleasanton, CA as part of The
bayeast.org.
Chief Financial Officer Dictionary Project. For more information about this
Francoise Jordan community outreach program, visit us online at MEMBERS DISCOUNT PROGRAM
Government Affairs Director www.bayeast.org/programs/dictionary/. Bay East members enjoy the benefits of the Association’s Discount
David Stark
Program which offers them practical solutions for their business and
Member Programs Director
personal lives on products and services they use every day. This program
Toni Wilson
includes offerings from more than 30 companies recognized as leaders in
MLS Support Services Director
their respective industries. For more information regarding the companies
Jason Woods
involved in this program, visit the Discount Program portion of bayeast.org
Information Technology Director
at www.bayeast.org/programs/discounts/.
Mark Flavin
Communications Coordinator/Editor
New Service for Political Junkies
Joseph Smith
Bay East Realtor® Magazine is the official Can’t get enough info on how local government is involved in real estate?
publication of Bay East Association of REALTORS® Then you need to sign up for the new Bay East Government Affairs Weekly
and is published monthly. Although every effort has
Report. This email newsletter is published every Friday and provides a
been made to ensure the accuracy and thoroughness
of this publication, errors may occur. Bay East brief, informal update on all the current local government action that can
Association of REALTORS® shall not be held liable for impact your business. To receive the Government Affairs Weekly Report,
misinformation, typographical errors, omissions and/
or misprints in editorial and/or advertising materials. To please paste the following address into your browser: http://takeaction.
advertise in Bay East Realtor® Magazine, contact realtoractioncenter.com/cabayeast/join.tcl. If you have any questions,
Central Valley Communications:
please contact David Stark, Government Affairs Director at davids@
bayeast.org or call him at (925) 730-4068.
HomesOpenToday.com
Bay East is excited to announce the debut of a new online home searching
Michelle Manos, Executive Director
tool HomesOpenToday.com. This free resource will allow REALORS®
(209) 981-1414
to post search Open House information throughout the greater East bay
Bryan White, Business Development
(209) 598-5040 region. Visit this exciting site at www.homesopentoday.com.
Jaye Stevens, Account Executive
(209) 712-0857
Shaina Pijl, Marketing Assistant
(209) 858-1700
CEOnotes
TRICIA THOMAS
contributions to the community. In fact,
this month’s issue of the Bay East
REALTOR® Magazine features the
ways in which some of our members
CHIEF EXECUTIVE OFFICER are making a difference.
Chris Gonzalez Michelle Gasacao Mina Wahab Miki Yoneda Clare Nishikawa John Jackson
Loan Consultant Loan Consultant Loan Consultant Loan Consultant Loan Consultant Loan Consultant
Direct (510) 574-0184 Direct (510) 574-0172 Direct (510) 574-0179 Direct (510) 574-0180 Direct (510) 574-0178 Direct (510) 574-0183
Cell (510) 220-2555 Cell (510) 378-0638 Cell (510) 673-1103 Cell (510) 825-1482 Cell (510) 676-5330 Cell (925) 858-5713
Clearly, our business is all about “giving back.” Specifically, I’d like to
recognize those of you who give back by helping first-time homebuyers.
Assisting a new homebuyer can be challenging. However, every
REALTOR® and Affiliate member that I speak with regarding first-time
homebuyer transactions always mentions the personal satisfaction that
comes from helping these clients. Along with that satisfaction is the reality
that you’ve also “given back” to the community by creating a new owner/
resident who will take pride in their home and community.
I’m also very proud of what the Bay East Association of REALTORS® has
done to “give back.” Through our Housing Opportunity Program, Bay East
continues to be a leader in affordable housing advocacy. We’ve provided
financial and “sweat equity” support to the East Bay Habitat for Humanity
and created new affordable housing. We’ve made the Tri-Valley Housing
Opportunity Center a reality and made ownership a reality for more
than fifty first-time homebuyers in its first year of existence. Through our
Housing Assistance Forums we’ve educated hundreds of REALTORS®
and Affiliates about city home ownership assistance programs and made
those programs succeed. Plus, participants at those events have gone on
to close transactions with first-time homebuyers.
If you want to get learn more about how to “give back” either through
helping first time buyers or by getting involved with the Housing
Opportunity Council, please contact me at (925)30-4068 or
davids@bayeast.org.
7
EDUCATIONhighlights
NEWmembers
Gone are the days when you could carry on with the same routine that resulted in some
success. The real estate industry is constantly changing and mandates that we change with
it. Bay East offers an array of exciting and informative live seminars, classes, and events
designed to keep you up-to-date on the latest trends. Please remember our classes are
subject to change or cancellation; always check class status with Member Services at
(925) 730-4060.
REALTORS® Tri-Valley
Professional development August 9 (1:30 – 4:30 pm) Amandeep Sandhu, Paradise Bay Properties Inc
August 22 (9:00 – Noon) Central county Annie Reuben, Prudential Calif. Realty
Andrea Albertario, Prudential Calif. Realty Anthony Cabeza, Superior Investments Realty
August 9 (1:30 - 3:30 pm) Paragon Listings is a three-hour class
Carl David, Keller Williams/Castro Valley Benoni Mocanu, MW Associates
Legal Updates with Gov Hutchinson which covers everything you need to know Dolores Alvarez, Advance Adobe Properties Bonnie Chopra, First Fidelity
about entering/changing listings, putting Felix Wong, Wisco Investments LLC Brady Hobby, Hobby Associates
C.A.R. Attorney Gov Hutchinson will be at
Jasmine Dominguez, Robert Jones & Assoc Brett Andrade, Prudential Ruby Hill Realty
Bay East for his yearly Legal Updates. Come properties on Tour/Open House, uploading Jonathan Ybarra, Casas Ybarra Carolyn Cook, The Lennox Realty Group Inc
join us to hear what’s new with C.A.R., photos, and associated documents. June Lu, Bay Home Investments & Loans Cecilia Manzo, ERA Premier Realty
Kathy Anwari, Century 22 Real Estate & Mortgage Celeste Plate, JEI Real Estate
contracts and any legal issues affecting the (Prerequisite: Paragon Essentials)
Lorraine Lewis, California Pacific Realty Connie Mok, Realty World - Elite Realty
real estate community. Luis Tan, California Builders Realty Cynthia Dake, Keller Williams Tri-Valley
August 15 (9:00 – 11:00 am)
LuLu Alforque, Columbia Prime Properties Doreen Hicks, Barkley Platinum Properties
Popular Bells & Whistles, part of the Grab- Marsha Belen, Via Real Estate Eric Holmgren, Alain Pinel, REALTORS®
August 15 (9:00 am – Noon) It-&-Go Series, is a fun-packed two hour Myriam Allouko, ECapital Realty Harmeet Kalra, Prudential Calif. Realty
How To Handle An Harry Deluna, Windermere Welcome Home
class comprising of the following: “Resize Tri-City Jason Kanalakis, Prudential Ruby Hill Realty
Upside Down/Underwater Sale - a Digital Pictures”, “Radius/Rubberband/ Adrian Miller, Realty World-Viking Realty Jay Pak, New Standard Real Estate Co.
Seminar on Short Sales This seminar on Al Idos, ACN Realty John Andersen, Andersen Properties
Polygon Searches”, “Customize Reports”, Joseph Clark, Excel Realty
Alice Oregana, Re/Max Tri-Valley
how to navigate the waters of short sales “Market Monitor”, and “Driving Directions.” Allen Mao, Prudential Calif Realty Lien Utsumi, JEI Real Estate
is approved for 3 hours of DRE consumer Amy Cheng, Coldwell Banker Lisa Rocha, Coldwell Banker/Vintage Group
protection continuing education credits. August 15 (1:30 – 3:30 pm) Amy Yu Zhang, Intero Real Estate Services Maria Arevalo, Bay Mortgage & Real Estate
Paragon - Contact Auto-Email Notification Angela Pi, Universal Marketing Group Megan Tomasello, Star Team Realty
Armando Rodriguez, Intero Real Estate Services Michele Haynes-Watts, RTA Real Estate & Loan
August 20 (9:00 - 11:00 am) is a two-hour class that covers entering Brenda Fisher, Prudential Calif. Realty Michelle Daniel, Windermere Prop of East Bay
Contacts/Prospects, assigning searches, Cammie Salazar, Legion Real Estate Michelle Ramirez, Pacific Rim Financial & Inv
Blogging – The Big Secret (with Pat Carolyn Rafael, Exit Covenant Realty Naomi Nguyen, Century 21 Lincoln Realty
Kitano) What is blogging and why is it the setting up auto email notification, and more. Catherine Shen, Realty World - A & A Prop. Pietro Ignacio, iStar Real Estate
next big thing? Will you be left behind in this (Prerequisite: Paragon Essentials) Danilo Embernate, At Home Realty Richard Lum, California Home Realty
Danny Chen, Realty World - A & A Prop. Ryan Cox, Stratus Land Development
technological world of ours? Join us to learn August 16 (1:30 – 4:30 pm) Derick Thompson, Primestar Financial Services Sammy Chilson, Prudential Calif. Realty
the why and the how of blogging. Digna Robles, Coldwell Banker Platinum Group Tara Medeiros, Keller Williams Tri-Valley
August 30 (9:00 am – Noon)
Elizabeth Carcallas, Blue Horizon Realty Group Tina-Marie Monterroza, Global Realty Marketing
Paragon - Create a CMA Presentation is a Ernestine Castro-Martz, Complete Realty Tom Jun, New Standard Real Estate Co.
three-hour class which covers all the steps Harvey Ottovich, Action-A Realty
Imelda Blanco, The Mili Realty Group
Technical Training in generating a CMA Presentation packet. John Leung Hui, Cal Home Investments, Inc. Platinum Affiliates
(Prerequisite: Paragon Essentials) Jose Bonete, All State Homes Tri-Valley
August 1, 2, 7, 8, 13, 14, 20, 23, 27, and 29 Alberto Gomez, Harmon Homes
Jose Luis Velasquez, Century 21 Mission-Bishop
Paragon Essentials is a mandatory three August 21 (9:00 – Noon) Lijun Gu, RE Realty Experts Kathleen Davis, Golden State Mortgage
hour class which covers Searches, Saved Margie Laforteza, At Home Realty Kirk Bailey, Impress Publishing
Basic WINForms® Desktop/Online is
Maria Jimenez, Community One Paula Iacomini, Vintage Mortgage Group
Searches, Views/ Reports, Email Listings, a three-hour class covering creating and Maria Luisa Bagwell, Century 21 NeoTech Realty
Print Reports, Listing Input, and Quick and saving a template for a Purchase or Listing Melissa Guzman, Mid Knight Mortgage, Inc.
Mike Banci, At Home Realty Affiliates
Easy CMA. Please call or visit our website transaction, and e-mailing forms. After Monica Guerrero, RE Realty Experts Central
for class times. exploring how to use the Desktop version, Nadra Troop, Re/Max Executive Doris Peacock, Creative Solutions & Management
Namita Dalai, New Century Executive, Inc. Gary Silverman, Creative Solutions & Management
August 6 (1:30 – 3:30 pm) the On-line version will be covered.
Nausheen Khan, New Century Executive, Inc.
Nelly Tendencia, Prudential Calif Realty Tri-City
Create Simple Flyers Using Word August 21 (1:30 – 3:30 pm)
Noah Chiu, RE Realty Experts Brian Linhart, Xchange Solutions, Inc.
Learn simple techniques that will help you Advanced WINForms® Take your Parveen Sharma, New Century Executive, Inc. Bruce Factor, TopEnvoy, Inc.
learn how to create attractive flyers using the WINForms knowledge to the next level! This Reema Bharti, Star Investment Realty, Inc Gretchen Lewis, TopEnvoy, Inc.
Regina Luyon, Keller Williams Benchmark Joe Difu, Xchange Solutions, Inc.
MS-Word program. 2-hour class covers additional functionality, Robert Zepeda, Realty World Centennial Joe Ganeff, Xchange Solutions, Inc.
such as: creating & using clauses, sticky Ruth Hosain, Century 21 Banner Realty
Sara Alvarez, Pacific Real Estate Network Tri-Valley
notes, importing forms to Desktop/ Serena Zou, Tower Mortgage & Realty Aaron Sansing, Harmon Homes
Online, electronic signatures, and more! Shuwu Song, MAXREAL Brenna Magill, Harmon Homes
Susan Kelly, Connects Real Estate Services Detra Ahmed, Harmon Homes
(Prerequisite: Basic WINForms)
Teresa Castro, Intero Real Estate Services Katharine Davis, Harmon Homes
Timothy Kersting, At Home Realty Marlena Bay, Harmon Homes
8
Shannon Blankenship, Golden State Mortgage
Steve Lera, Harmon Homes
Stuart Smart, Stuart Smart, Appraiser
One-stop loan shopping.
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Dawn V. Smith
Find the right loan quickly. Mortgage Banking Leader
# $! Direct 925 245 4773
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N4630-49 Local Office Ad.indd 1 4365 First Street • Livermore, CA 94551 • Office 925 245 4760 • Fax 925 245 4761 2/8/07 9:39:19 AM
HOUSINGreport Did You Know ...
July 2007 Housing Report Bay East offers downloadable
reports and statistics for the
The median price for an existing home increased 1.02 percent in July 2007 in
following cities in the Housing
southern Alameda County compared with the same period a year ago.
Report section of bayeast.org.
• Castro Valley
The inventory of existing, single-family dwellings increased 8.65 percent in • Dublin
July 2007 from the previous month. Year-to-date, there has been an increase • Fremont
of 30 percent from the same period last year. • Hayward
• Livermore
• Newark
Days on Market (DOM) continues to increase for existing homes in • Pleasanton
comparison to last year. The average year-to-date DOM for a single family • San Leandro
detached home is currently 35 days, an increase of eight days from year-to- • San Lorenzo
date 2006. List to sale ratios remain strong with sellers getting an average of • Union City
98.26 percent of the list price. Online visitors can find number of sold homes, inventories, sell price/list
price ratio and much more. To view these reports, visit
www.bayeast.org/stats/.
May $741,000 $819,500 $725,000 $573,000 $665,000 $673,500 $832,000 $539,000 $555,000 $786,000
June $681,345 $685,000 $735,000 $579,000 $631,250 $609,000 $895,000 $549,000 $574,818 $690,000
Year 2007 $675,000 $745,000 $719,000 $570,000 $655,000 $645,000 $830,000 $545,000 $547,000 $695,000
to
Date 2006 $715,000 $750,000 $705,000 $585,000 $645,000 $650,000 $849,975 $575,000 $558,000 $700,000
April 23 20 111 42 74 11 50 36 12 29
May 31 34 115 44 69 26 70 47 15 19
Units Sold
June 27 30 108 37 66 21 67 47 11 24
Year 2007 170 157 656 288 421 119 349 257 74 141
to
Date 2006 610 306 1,402 1,017 974 329 662 778 256 399
April 36 28 19 45 30 25 21 33 31 31
Days on Market
May 27 22 18 32 25 36 19 33 26 38
June 37 31 19 36 29 24 32 37 33 22
Year 2007 38 35 26 42 35 36 33 37 37 33
to
Date 2006 27 25 24 30 29 28 26 28 28 28
MEDIATION
Doreen Roberts Mediation is a fair, efficient and confidential process to
help you resolve your real estate dispute and reach an
Attempting mediation first is not only a wise approach to the
resolution of any dispute; but if the parties are involved in a
Professional Standards Chair agreement. A neutral mediator panel assists you in reaching contract requiring mediation (e.g. CAR Listing Agreement,
a voluntary, negotiated agreement. CAR Purchase Contract), the parties have agreed in
Working in the real estate business is exciting, rewarding, advance to submit the issue to mediation before other
exhausting, and frustrating. And sometimes as hard as you Choosing mediation to resolve real estate disputes promotes proceedings, subject to some exceptions.
try to do everything just right, things still go wrong. That is better relationships and reduces the stress, costs and time
every REALTORS®’ nightmare; to be working with another involved in other dispute resolution methods. Additionally, There are many benefits to the mediation of disputes;
agent or client and have communications break down and you remain in control of the outcome and can either agree including a considerable savings of time and money. Our
the other party threatens an arbitration or ethics hearing, or to mutually acceptable settlement terms or decide against experience is that when the parties come to mediation with
maybe even a lawsuit. coming to an agreement and then pursue other options. a mindset to resolve the matter, there will be an agreement
reached in over 90% of the cases.
Within the Association, the Professional Standards process Association mediators are REALTOR® members,
allows REALTORS® or members of the public to have specifically trained and experienced in dispute resolution Even if mediation does not resolve your dispute entirely, you
disputes decided by a hearing panel. The results are win or through the mediation process for real estate related may reach some agreement on some elements, and at the
lose; one party walks away with a victory, the other party is disputes, including but not limited to: very least will have narrowed the focus of the dispute for any
not so happy. That unfortunate dynamic prevents many from future proceedings.
pursuing some glaring issues; after all, we still work in the • Deposit disputes
same community. • Contingencies not met Mediation is a member service available to all members and
• Specific performance their clients at special rates to resolve disputes arising from
There must be a better way to get issues resolved - there is • Non-disclosure issues the real estate transaction at any point during or after the
- “mediation.” The Association has implemented a Mediation • Commission/arbitration disputes transaction.
program for issues arising from real estate transactions. • Boundary disputes
• Any other issue subject to the “mediation clause” arising If you need help or have other questions, contact Pam Barnes, Professional
from the listing contract between a REALTOR® and seller or Standards Administrator at (925) 730-4074 or pamb@bayeast.org.
from the purchase contract between buyers and sellers.
Multiply yourself
Who says you can't be in five places at once?
With just one call, you can now order up to five inspections for your buyers or sellers.
Specialty Inspections offers general home, termite, roof, chimney and pool inspections,
performed at the same time. All inspections are provided by state licensed experts who
specialize in real estate inspections and have a reputation for excellence. Getting
inspections done is now the easiest part of the sale!
14
of our members continue to support this very worthy cause.
For more information, visit their website at
www.onechildca.org.
stuffed animal in homeless shelters. By providing objects of
Community to benefit Bay Area shelter kids. For more information, visit
their website at www.projectnightnight.org.
15
goes to the movies.
Martin Luther King Elementary School.
23. Join the PTA.
broker’scorner that you are ready to discuss your home buying needs. If
Embracing online leads; Your Clearly, with these types of services (and, of course,
this is not the case, please let me know via a reply email.
Very Own Pond of Prospects a targeted Web site), online lead generation is not a
problem. Instead, a much bigger problem — some would Otherwise, we can discuss your needs in detail over the
MICHAEL RUSSER even call it a headache — is knowing what to do with the phone.
leads once you have them.
In the pre-Internet days, it used to be hard work to get These scripts can do wonders, but they’re really just the
good leads. It would sometimes require months of door Can You Speak the Language? • Have you first step. That’s because most of your online leads are
knocking, cold-calling, and cultivating stay-in-touch ever been trained to work with the Internet Empowered not ready to do something now — they’re 3, 6, maybe
programs. And, if the general market slowed down, like it Consumer (IEC)? Many agents haven’t been, which puts even 12 months away from being ready to take action.
recently has done in many parts of the country, your flow them at a big disadvantage when it comes to turning Here’s how to make sure you don’t lose them between
of leads would tend to slow down, too. those often-anonymous emails from online consumers now and then.
into real business. Here’s what you need to know.
The Internet, however, never slows down and it never To successfully convert these leads requires an Your Private Pond of Prospects • If you’ve ever
gets tired. It continues to deliver qualified leads regardless understanding of human behavior within the online done any fishing you know that unless the fish you caught
of current market conditions. This makes it the most context. Here are some of the fundamental principles of is at least a certain minimum size, it must be thrown back
prolific and reliable source of new business in the industry that behavior: into the water. Now think about your chances of ever
— period. You may think I’m exaggerating, but I’m not. catching that same fish again once it has grown to legal
As long as you know how to speak the language of your • IECs want control, so give it to them. Because of their size. Not very good odds, is it?
online leads, and you know what to do with them until anonymity, the online consumer is in control and likes it
they’re really ready to buy or sell, you’ll never have a that way. The more you try to take control (as you might Yet, that is what the vast majority of agents do when they
shortage of clients. do in a typical sales situation), the more you will push get an online lead that isn’t ready to move. They simply
them away. throw it back — or worse, ignore it. Now imagine that you
Third-Party Lead Generation • There are two • IECs value their privacy. Take every opportunity to have your very own private fish pond. And every time you
primary sources of Internet leads: your own Web site and reassure your online prospects that their privacy will be caught a fish that was not quite ready, instead of throwing
third-party services. Generating leads from your Web site absolutely protected by you and your staff. it back, you put it in your special pond. There, you have
is a topic I have covered extensively in this column, so for • Few are ready to buy or sell. I estimate that 19 out of someone tending to the fish all the time, feeding and
now I’m going to focus on third-party lead generation. The 20 online leads are from consumers in the information- nurturing them until they were ready. This would mean
following are several different categories of these kinds of gathering stage, and are not ready to explicitly declare you are practically guaranteed to convert all the “fish” you
services: their needs. These folks are easily converted to catch into business, at some time or other.
transactions, but only if you know how to nurture them to
• Franchise-Based. Examples include RE/MAX’s the point at which they are ready to move. The most effective way to accomplish this is to hire an
LeadStreet, Coldwell Banker’s LeadRouter, and assistant or a virtual assistant who is adept at managing
Prudential’s affiliation with Yahoo! These are programs First Response Is Key • How you first respond to online leads. They will continue to “feed” your leads with
that franchise real estate brokerages offer for the benefit an online inquiry, regardless of its source, can make or appropriate drip email until they are ready to be taken
of affiliated agents. break your chances of ever converting that lead into new over by you. This strategy allows you to focus on listing,
business. Frankly, this is where most agents typically selling, and negotiating, yet guarantees a high online-lead
• Fee-Based. This includes HomeGain, Reply!, blow it. To provide some guidance, I created two email conversion rate. In essence, you get to enjoy the best of
HouseValues.com, and many more. These companies scripts that I call “critical first response” emails. These both worlds, without being stuck in front of a computer.
spend a great deal of money to capture online real estate are designed to be totally consistent with the wants,
consumers and then sell them back to you as leads. needs, and behavior of the IEC. There are two versions Invaluable Skills • Online leads are a dime a dozen.
of this script, one for instances in which no phone number Lead management and conversion skills are far more
• Free Services. This is a relatively new hybrid lead is provided in the inquiry, the other if there is a phone valuable. If you can learn to be a great online-lead farmer,
generation model in which the lead generation company number provided. However, I would personalize them to you’ll reap more business than you ever thought possible
makes money on advertising and provides leads free fit your style and corporate image. — no matter what is happening to the general market.
to agents. The most recent of these is Zillow’s Home
Q&A feature. This allows any agent to answer consumer • Phone Number Isn’t Provided: “I realize that Mr. Internet is the alter-ego of Michael J. Russer, an Internet
questions about any property (even if another agent has you’re in the information gathering stage, and may not be speaker, trainer, author, and consultant. Send questions to help@
it listed) and therefore become the area “expert.” This ready to open up about who you are or what your needs askmrinternet.com. Mr. Internet, Russer Communications, and its
service costs nothing to the consumer or participating are at this time. When you are ready to explore your real staff and officers receive no compensation from any third-party
agents. estate needs further, I will be happy to assist you. PS: As vendors and make no recommendations as to the suitability of the
a way of saying ‘Thanks!’ I’ve given you a complementary products or services mentioned in this article. Always thoroughly
subscription to my information-packed monthly newsletter. investigate any product or service before purchase.
16
• Phone Number Is Provided: “Since you provided
a phone number in your original message, it appears
marketingtips
The Right Way to Ask for • Use a Web-based survey provider. There are If you’re building your own survey, ask colleagues or friends
many such services that make it quick and easy for you to read the questions and let you know if the wording is clear
Feedback to create surveys and send them to clients. Prices vary, and the format is easy to understand. A fresh set of eyes
but you’ll find at least some affordable options. Some of can alert you to awkward phrases or ambiguous questions.
John D. Mayfield the many vendors to explore: SurveyMonkey.com (www.
surveymonkey.com), Key Survey (www.keysurvey.com), and Timing is Crucial • When is the best time to send out
If you’re like most real estate practitioners, surveying your Zoomerang (info.zoomerang.com). These services allow your survey? Try to do it as soon as possible after closing,
customers isn’t at the top of your to-do list. After all, what’s you to create and email surveys to customers. The survey when the transaction is still fresh in your customers’ mind.
the use of sending out a survey when only the unhappy software tabulates your results so you can view feedback in Let clients know before the closing that you’ll be sending
clients respond? real time. them a survey, and consider offering some type of small in-
centive (enter a raffle, win a T-shirt, etc.) if they complete the
Unfortunately, those preconceived notions will only hinder • Outsource it. Hire a company, which can build and survey promptly. Sometimes, if surveys don’t come back in a
your success. If you don’t make an effort to measure your deliver surveys customized to your clients. You may be able timely manner, it’s a good idea to send a reminder postcard,
clients’ experience and satisfaction with your services, you’ll to track down a similar company near your hometown that email, or letter.
fail to gather key facts that can help your business grow. can provide these same services at possibly a lower cost.
Surveys can fuel ideas for new service offerings to help you Once the survey results are returned, take time to review all
improve your selling skills and fix problems that you didn’t What to Ask, How to Ask It? • What to ask your of the responses and think about how you can improve the
even know existed. But, in order to gain value from customer clients — and how you allow them to answer the question — customer experience next time.
feedback, you have to know what to ask and how to ask it. will determine whether the responses will be accurate and
valuable to your business plan. Here is an example of one If you find that you’re getting lots of high marks from satis-
Danger of Unsatisfied Clients • Have you ever question to ask, in two different formats: fied consumers, pat yourself on the back. The input shows
noticed that one unhappy customer will tell more people that you’re doing a good job, and you can highlight this
about their gripe than a satisfied customer will tell about Were you satisfied with the agent’s service provided to information during your presentations to potential clients.
their positive experiences? you during your real estate transaction?
Yes / No
Please
explain: Bad remarks are inevitable, so don’t take them too person-
10. The number of customers companies lose for every one ally. It presents you with a chance to follow up with the
that complains of poor service. Please rate the agent’s service provided to you during your unhappy clients and possibly remedy their situation. Such
7. It costs seven times more to get a new client than to keep real estate transaction on a scale from 1 to 5, with 1 being comments also help you think of ways to improve your busi-
an existing one. poor and 5 being excellent.
Comments? ness so your next client has a better experience.
13. Percentage of people who will tell more than 20 people
about their bad experience. Other question topics to consider should revolve around: John D. Mayfield is broker/owner of Mayfield Real Estate in
90. Percentage of unhappy clients who will not do business • Communication between client and agent Farmington, Mo. He is creator of the “5 Minutes” series of
with the same company again. • Image and dress real estate books and a frequent contributor to the National
95. Percentage of unhappy customers who will return if an • Professional conduct Association of REALTORS®’s newsletter, “The REALTOR®
issue is resolved quickly and efficiently. • Marketing resources Magazine;” his latest book is titled “5 Minutes to a Great
• Advertising of listing Real Estate Ad.”
As you can see, failing to recognize and correct bad experi- • Follow-up
ences can lead to lost business and dwindling referral • Price and value for services rendered
income. • Would you recommend agent to others? John Mayfield’s
• Most liked about working relationship
THREE Ways to Survey Clients • A brief survey is
a convenient way for customers to tell you what they think
• What needs improvement “5 Minutes”
about your services. There are several ways to implement a
survey to customers and clients you have worked with.
Use open-ended questions to gain additional information series of real
from clients, rather than brief responses that come with yes
17
become.
TECHtip
MONITOR YOUR MARKET AREA Well that’s cool
Putting a Face WITH the Voice
Larnett Eckles Jason Woods
TECHNOLOGY AND TRAINING DIRECTOR Technology and Support Director
What
It’s quick and it’s easy! • Use the Market Monitor Recently I switched my family phone and Internet service brought
feature in Paragon to stay on top of the listing from SBC to Comcast Communications. Although SBC had you to Bay
changes in your favorite market areas. Know when done a fine job for my family in the past, Comcast offered a East?
a listing has expired, changed price, just been listed, extremely compelling financial incentive for switching to their I was working
sold, or has changed status – just by taking a look ISP and VOIP phone service. Being a frugal consumer, I at CompUSA
at the home screen of Paragon when you login. decided to switch services. when Jeff
Customize your market areas today! Nagle,
While consolidation was my objective in the beginning, I a former
Here’s how to get it done… was quickly impressed by the amount of services offered by System
Comcast. Instead of just being able to check my email from Support
1. Login to Paragon. a remote location, the webpage also allowed me to check lead, came Bryon Smith
my phone messages. Accessing my voice mails is fairly in and I helped System Support Representative
2. On the home page of Paragon, click Change Area user-friendly with the messages being stored as wav files him. He was
on the Market Monitor. and heard by clicking the file. In additionally, I can view a log so satisfied with my customer service that he
of all ingoing and outgoing phone calls. recruited me for this position.
3. Select all desired areas from the left menu.
The coolest thing? I can now check for important calls How long have you been with Bay East?
4. Click “Add”; then click “Save.” coming into my home phone from any location that has an I’ve been with Bay East for more than two and
Internet connection. a half years.
Check it yourself at www.comcast.net. What do you enjoy most about your job?
I really enjoy my interaction with the members
Cool Points? and learning about the real estate industry.
CARRI CK VI L L AGE
Toll Brothers
3,412 – 5,050 Sq. Ft.
510.583.0197
Open Daily 10-5
STI RL I NG VI L L AGE
Standard Pacific Homes
3,123 – 3,798 Sq. Ft.
510.538.5663
Open Daily 10-5
3% BROKER REFERRAL Broker co-op requires Broker to accompany buyer on first visit. SB1183