January 11th, 2010 by admin
I am a Real Estate Agent in Indian Shores, Florida. I used to get over 80,000 hits on my website www.seeopenhouse.com, now I am down to maybe 300 hits per month. From 3 to 4 calls per day to maybe 2 calls per month. I continue to wait and continue to market, conduct open houses, create other websites, mail outs, prospect etc.. but I find buyers and other real estate agents are not showing up for the open houses and not calling on my listings. So how are other agents in other parts of the country making it?
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Slick way to advertise your website, man!
Our agents are doing okay — the drop in interest rates helped a little.
The smart ones are getting by on the savings they socked away during the boom. That’s the nature of your business, unfortunately.
My girlfriend is a Realtor, and she’s felt the crunch as well. But the key to making it, even in a bad market, is to be proactive. No matter what the market is like, there will always be someone in need of housing, but sometimes you have to find them. People are scared and need some convincing.
I think most of them went and signed up on unemployment.
Other agents are moving over to the Internet market and accepting less on their commisions.
Because in this business they got no capital just showing their guts, and they got plenty of time to do their job. in fact they got a huge share we they sell one.
They are reinventing themselves. They are hustling. Everyone can make money in a boom, it takes someone clever and creative to realize the opportunities available in the challenging times. They are also educating themselves on alternative marketing strategies. They are increasing not cutting their marketing budgets to avail themselves of all the motivated sellers out there. They are forming new strategic relationships. They are improving their customer service skills. They are doing their job and not whining about the housing market.
I am not a real estate agent, but my boyfriend is.
He is still closing about once a week.
What is currently doing is watching the market for great deals. Once he finds them he can usually sell them within 48 hours. He is simply calling past clients and telling them what he has.
Also, he has several clients, one of which is me, that buy specific types of rentals or flippers (yes, people still flip!) so he constantly looks for property for them, even if they don’t ask him too.
Open houses are only good to farm, not really sell property.
I am a broker in both California and Texas. We rely on our previous clients and referrals. I have been through all sorts of markets. We price our listings right in California and they are still selling within a timely manner and most of my business in Texas is buyers investing or relocating from California. I would not want to have a listing in Texas as there is just way too much inventory and still too many new builts to compete against. This kind of market has a tendency to weed out a lot of agents because you are not going to make a living selling one or two of your friends and families homes a year. I think the internet is not always the best way to get business. Plain old fashioned talking to people, through open house activity, cold calling, knocking on doors, those are the things that will keep you going. Buyers are king right now.
Don’t limit yourself to the knowledge and skill you have.
Being a real estate agent, you have lots of the insight knowledge, make it work to your favor as time is hard like this for RE agent.
If you have problem, imagine home owners what to buy and sell? Theirs is many times more potent, if you can help them reward is unavoidable.
Turn negative into postive, you’ll may like it. Once you are good, bad or good economy wouldn’t make no different.
I am in RE Investment, I have no problem to make it work you maybe able too!
Keep asking more questions!
Good luck.