Friday, September 14, 2012

Great article for those with TEAMS

5 Leadership Lessons You Won't Learn in B-School

Forget vision, passion, and other B-school platitudes. Here are the nitty-gritty details on what makes leaders great.

College-lecture-hall_pan_20108

First he spoke about the importance of inspiration. Then he talked about the power of passion. Then he discussed the value of vision.

Then I almost fell asleep.

I was sitting in on a class, and the professor was describing the traits of a great leader. I certainly didn't disagree with his list: vision, passion, inspiration, dedication, fairness, accountability. Those are important traits of a great leader. Still, I realized I would retain very little of what he said. Platitudes are hard to remember, much less put into practice.

After all, "Inspire your team" is great advice, but how do you pull that off?

So, as I walked away, I realized that most of what I know about leadership didn't come from business schools or conferences or seminars.

The best leadership lessons are ones I learned the hard way:

1. Data comes and goes, but feelings last forever.

Facts and figures are important. Explaining the logic and reasoning behind a decision can help create buy-in and commitment. Charts, graphs, tables, results, etc., are useful--and quickly forgotten.

But make an employee feel stupid or embarrass him in front of other people and he will never forget.

An employee made a comment in a meeting, and I instinctively fired off a sarcastic comeback. (For a long time, I was like a sarcastic-comment sniper, who figured that if I had the witty shot, I should always take it.) Everyone laughed but him.

And our working relationship changed forever. I apologized on the spot and apologized again later, but the damage was already done.

Spend twice the time thinking about how employees will feel than you do thinking about data and logic. Correcting a data mistake is easy. Overcoming damage you cause--whether intentional or not--to an employee's self-esteem is impossible.

2. Great ideas are never found in presentations.

Presentations are a great way to share detailed and complex information. Presentations are a terrible way to share great ideas.

After I drank too deeply from the Six Sigma Kool-Aid, I started interrupting employees who came to me with ideas by telling them to "put something together." Some would: Then we'd whip out our multicolored belts and talk intelligently about their data, their analysis techniques, their conclusions... Ugh.

Most wouldn't bother. Looking back, I don't blame them.

Great ideas can be captured in one or two sentences. Your employees have those ideas.

All you have to do is listen. And your employees will love you for listening, because I guarantee people they used to work for never did.

3. The "volunteer penalty" kills the flow of great ideas.

Your best employees tend to come up with the best ideas. It's natural to assign responsibility for carrying out an idea to the person who came up with the idea. Plus, if that person is a great employee, it's natural to want them to take responsibility, because they're more likely to get it done.

Of course, your best employees are already working extremely hard, so assigning them responsibility every time they have a suggestion naturally stops their flow of ideas.

As one outstanding employee finally explained to me, "I finally realized I needed to stop suggesting things to you, because every time I did you just added another responsibility to my plate."

Sometimes the employee will welcome the responsibility for carrying out their idea. Other times they won't.

How do you know which way a particular employee will respond?

Ask.

4. Sharing only the positive always results in a negative.

Imagine you're sharing the reasoning behind a decision with your team. Naturally, you describe the positive outcomes of the decision. So you whip out your pom-poms and start cheering.

Meanwhile your employees are instinctively looking for negatives, since almost every silver lining for the business has a black cloud for at least a few employees. I once described how a change to paper dust collection would improve the air quality throughout the plant, but I left out the fact that as a result a few employees would spend at least part of each day looking like they had rolled in a bathtub filled with flour.

Never leave out the negatives, even if those negatives may be potential rather than actual. Talk openly about any downsides, especially when those downsides directly affect employees. Show you understand the best and the worst that can happen and what that might mean to your team.

When you freely discuss potential negatives, employees not only respect you more, they often work harder to make sure those potential negatives don't occur.

5. Data is accurate, but people are right.

You're smart. You're talented. You're educated. Data analysis is your best friend. Sometimes your data will lead to an inescapable conclusion, and yet you should still make a different decision.

I once moved two crews of about 30 people to a different shift rotation because I knew the resulting process flow would automatically improve overall productivity by about 10%. I also knew--because they told me--that most of them would hate the new rotation, but I held firm, because I knew great leaders are willing to make tough decisions and do whatever it takes to get results.

It turns out I had that all wrong.

Sure, my new shift rotation worked on paper. It even worked in practice. But it screwed up the family lives of a number of great employees, and I finally pulled my head out of my (butt) and shifted everyone back to the old rotation. We found other ways to improve productivity.

Sometimes a decision should be based on more than analysis, logic, and reasoning. No decision should ever be made in a vacuum, because a decision must eventually be carried out by people.

Leadership should be data driven, but great leadership is often subjective and even messy.

If your employees don't agree with you, ask why, but don't ask just so you can defend your position. Ask in order to learn.

You know things your employees don't know, and they know things you don't know--until you listen to what they say.

Monday, September 10, 2012

9.10.12 Monday News you should USE!

The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves strong. The amount of work is the same. – Carlos Castaneda
Where are you putting your attention?

Even the Feds are getting involved :)  Call your clients and educate them about refinancing!

Chase is even offering some clients refinancing without them asking.

WSJ - signs that market truly did hit bottom!
You never know you hit bottom until AFTER it's past... (remember the clock?)

California leading the way! Prices at 4 year high

Canada preparing for a rate hike?

From the Coaches that Emphasize YOUR Strengths!
YourCoachingMatters.com


Thursday, September 6, 2012

Last Call Script Revisited....

New Coaching Client just asked:   Hi Donna,  If I have non-responsive people that I'd like to give one last call, what verbiage should I use? I don't want to sound rude at all, but I want them to know that I'm done unless they call or email me back. Is that a good strategy?
Thanks,
Phillip Baird  Realtor Keller Williams Realty
512-289-5738

My reply:

Absolutely!
I call it the "last call" script….and it works. It's like the the window is closing...

Hey, this is Phillip Baird with Keller Williams calling again…
I sure don't want to be bugging you guys - I'm not that kind of salesperson - But I need to hear back from you if you are still at ALL interested in doing some business with me… either now, or in the future!
If you've found someone else, great… no need to get back with me.  But if not… I want to earn the right to be YOUR agent.  All I need from you is a quick call or email that says "Don't give up on me" and I promise… I won't!

I'll also send an email you can just hit "reply" and handle this… or give me a call at XXXXX.

If I DON'T hear back from you I want you to know this will be my LAST CALL… I'm yours if you want me… and if not, I wish you the best and you of COURSE can always reach out to me and I'll be here… but I won't be calling again unless I hear from you!

Use your words, but something like this….

Tuesday, September 4, 2012

9.4.12 Monday News you should USE

For every sale you miss because you’re too enthusiastic, you will miss a hundred because you’re not enthusiastic enough.
-Zig Ziglar


Hottest and Coldest Markets.
Atlanta's #1 - buy your cash fling investments here now!

Pending sales show a Healthy Market! As strong as when we had a $8000 buyers credit!

What do the lower interest rates mean?  Real Savings!

Hottest Lending Product!  Jumbo mortgages are back!

Short Sales - the general public still has questions you can answer!

One of Canada's top agents and how he does it!  He says work hard for 5 years!

The Enthusiastic Coaches @
YourCoachingMatters.com

Tuesday, August 28, 2012

8.27.2012 Monday News you can USE (use these articles to contact DB)

Success isn't outscoring someone, it's the peace of mind that comes from self-satisfaction in knowing you did your best. Success is a journey, not a destination--half the fun is getting there.                     -GITA BELLIN, A Sharing of Completion and Celebration

Some good numbers and interesting viewpoints- VIDEO - let it load:  Foreclosures are Awesome

Home depot believes we’ve recovered. Home Building Up

How bad do you want it? Great Motivational Speech (thanks Eric Thomas)

Will Short Sales wipe-out price gains? Is NOW is the time to sell for best price?

Working with FSBO's - Homesellers using a realtor TWICE as likely to sell!

Affordable places to live! 
If you're in one of them - then tell your buyers!

Canadian Home Prices - stable!!!


Your Peace of Mind, having Fun along the way Coaches!
YourCoachingMatters.com
678-232-0927
mike.stott@mac.com

Wednesday, August 22, 2012

Falling into the trap of overthinking?

Spiderweb

From Gretchen Rubin's blog today (the Happiness Project):  I was looking up something in Professor Sonja Lyubomirsky’s book, The How of Happiness, and I came across an interesting passage. (I’d marked it, so clearly I’d read it before, but I didn’t remember it well.)

Many of us believe that when we feel down, we should try to focus inwardly and evaluate our feelings and our situation in order to attain self-insight and find solutions that might ultimately resolve our problems and relieve unhappiness. Susan Nolen-Hoeksema, I, and others have compiled a great deal of evidence challenging this assumption. Numerous studies over the past two decades have shown that to the contrary, overthinking ushers in a host of adverse consequences: It sustains or worsens sadness, fosters negatively biased thinking, impairs a person’s ability to solve problems, saps motivation, and interferes with concentration and initiative. Moreover, although people have a strong sense that they are gaining insight into themselves and their problems during their ruminations, this is rarely the case. What they do gain is a distorted, pessimistic perspective on their lives.

One of the tensions within happiness — at least for me — is the tension between constructive attempts at greater self-knowledge and pointless rumination. Once I started paying more attention to my habits of thinking, I began to do a better job of refraining from overthinking. When I find myself thinking in circles, I find an area of refuge, say, or I re-read one of my favorite works of children’s literature — my favorite emotional comfort food. Or, if it’s nightime, I go to bed early. Things really do look better after a good night’s sleep, and often something that had me agitated the night before seems much less worrisome the next morning.

Monday, August 20, 2012

Wisdome of Flannery O'Connor... from 1962

From Gretchen today:  “If you do the same thing every day at the same time for the same length of time, you’ll save yourself from many a sink. Routine is a condition of survival.”

–Flannery O’Connor, The Habit of Being, letter to “A,” February 10, 1962


Flannery_oconnor
Here, O’Connor was specifically talking about the habit of writing; she wrote every morning for three hours, in the same place at the same time. How about you? Do you find accomplishing certain things to be easier if you regularly do them the same way? Or do you find routine stifling?

I love routine.

8.20.2012 Monday NEWS you can USE (are you using it?)

A Dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price.
Vince Lombardi

Wondering how to use an iPad in your business?  Here are some ideas

Got Super Rich clients?  Check this out!

Got first time buyers? You might want to send this to them (easy ways to repair the home.) The video is harmless!

FSBO gets lots of attention but no sale! Read all about it... (and USE this to help others figure out why THEY aren't selling)

Downpayment hard to save for first time Canadian buyers!

From the coaches not afraid to work hard with you!

YourCoachingMatters.com
678-232-0927
mike.stott@mac.com

Monday, August 13, 2012

8.13.2012 Monday News you can USE

All these nice people saying I'm going to be world champion won't make me any faster, you have to believe it yourself.
Sebastian Vettel (Formula One Race Car Driver Champion)


Fannie and Freddie won't forgive Principal
- if you have sellers waiting for this - let them know it may be unlikely.

Got any buyers? Low interest rates and costs to buy are lower too! Great one to send to buyers waiting...

Hard to argue against buying a house now as an investment!

House Flipping - Reality TV is the best bet?

Help your past clients (a good reason to CALL THEM TODAY) - ask them if they should refinance!

Canadian Market at a tipping point?


From The Coaches who don't just say "you're great";  we teach you to believe in yourself!
YourCoachingMatters.com

Monday, July 16, 2012

7.16.2012 Monday News you can USE

Life is either a daring adventure or nothing.
Helen Keller

What adventures are you going on this week?

How can you use this in your business? Flipboard  - Talk about innovation - and look at what they think about banner ads, tiny ads etc.

Mortgage Rates - all time lows.  In Atlanta - rates were at 3.375% for a 30 year fixed!  For someone currently at 5% and with a $200,000 balance a refinance would save them $190 a month on a refi!  We recommend you call all your past clients and centers of influence!

Sign of the recovery - stocks for homebuilders going up!

44 out of 47 Economists agree - Housing market bust is over - the real estate market is "far from healthy yet" and "plenty could go wrong."  But we've turned a corner.  Also read the Huffington Post Article

Increased Safety for your Sellers - read this article. This will show them that you "know more than they do." Might be a great article to give to FSBO's too!

The Real Estate Safari Guides @
YourCoachingMatters.com
678-232-0927
mike.stott@mac.com

Tuesday, July 10, 2012

Just a little Thought....

Where is there an opportunity to make some $$ and develop a relationship out of this interaction...?

Can I help you sell?

Can I help you buy?

Can I refer you to someone (even if you "arlready have an agent") for a listing or sale (or 2nd opinion)?

Can I help you rent/lease (or refer you to someone that does that)?

Can I provide a service-for-a-fee that you need?

Can I EARN your business and referrals?

Monday, July 9, 2012

7.9.2012 Monday NEWS you can USE!

A dream doesn't become reality through magic; it takes sweat, determination and hard work.
Colin Powell

Rates still at all-time lows!

FHA Mortgages being Foreclosed on at high rates...

Think you've heard all the horror-stories out there in Real Estate? Here's a new one!

TOP TEN recovering markets!

Brace Yourself - Bloomburg says the market is recovering- WOW

Canada's Largest Home?

From the Dream Achieving Coaching Gang @
YourCoachingMatters.com
mike.stott@mac.com

Tuesday, July 3, 2012

Just a few pieces of Good News...


• Gas prices continue to drop, just in time for car vacations this summer

• Mortgage interest rates are at all time lows since they started tracking in the 1950's...

• Prices have bottomed in most areas and have started re-bounding in others.  It's cheaper to buy a house compared to ANY time in the past in terms of average income to average cost ratio (hovering around 15% right now) and compared to renting (about 77% of what it costs to rent overall).

• Stock market has rebounded again up 700 points since January;  up 200 points from a year ago; an over DOUBLE of 3 years ago...

• The Happy Movie has 8 Winners in various categories... its' a good thing.  http://www.thehappymovie.com/



• The author of the Happiness Project is releasing a new book (by the way, July is Money Month if you're reading the book)...

Monday, July 2, 2012

7.2.2012 Monday News You can Use

“Time is the most valuable coin in your life. You and you alone will determine how that coin will be spent. Be careful that you do not let other people spend it for you.”
― Carl Sandburg

How are you spending your time this month?

What's a REIT?

Had a client who was foreclosed upon? They may be due some money!

Homes sales slow slightly but STILL UP!

Read about the worst deal in the history of American Finance!

Canada's market still going strong!

Monday, June 25, 2012

6.25.12 Monday News You can USE!

“Success is getting what you want..
Happiness is wanting what you get.”
― Dale Carnegie

Tighter supply of lower priced homes Slowing Sales (??spin selling here??)

$100,000 Rentals Not that rare 

Priciest Cities to Rent

Ways to Work with Chinese Investors  Or... find some Local ones instead to buy at all time lowest prices and rates! :)

Here's a "No Duh!"  Mortgage reductions are working and there's $13 Billion that the big banks must spend on Mortgage reductions!  Seems like Government/Judicial involvement may get this solved after all...

Recovery?  To show your Sellers: May numbers discouraging

Monday, June 18, 2012

6.18.2012 Monday News you can USE

“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
― Maya Angelou

Make Someone Feel Good today!!!

Cities leveling housing: Why?

Why Banks WANT to work with HARP: Money

Why there aren't more homes for sale. (California at 2005 numbers)

Compare what $163.000 Buys across the country!
FUN READ

Canada sales up 3.8% Nationwide! Details Here

Are you using Dropbox?   You should be!  Very very very handy tool for agents and file/document handling. If you're not sure why you should use it - send me an email to mike.stott@mac.com and I'll tell you!

Compliments of The "Feel Good by Doing Good" Coaches at
YourCoachingMatters.com

Monday, June 11, 2012

6.11.12 Monday NEWS you can USE!

Mortgage Rates at 62 year low It's never been lower guys - are you spreading that news to the rooftops!  WHY NOT??  - It's the best time in the history to buy real estate in the US!

A bunch of Experts answer the question: has the market bottomed out?

As the boomers age is this a market we should explore?

Foreclosures made up 26% of all sales in 1st quarter wonder how many short sales were done?

Foreign investors in Toronto helping fuel price increases!

One of the things we love about real estate - it's a career with Heart! :)
"When people go to work, they shouldn't have to leave their hearts at home.” --Betty Bender

From the Gang at Your Coaching Matters.... here to help!

Monday, June 4, 2012

6.4.2012 Monday News you can USE!

“So be sure when you step, Step with care and great tact. And remember that life's A Great Balancing Act.

And will you succeed? Yes! You will, indeed! (98 and ¾ percent guaranteed) Kid, you'll move mountains.”
― Dr. SeussOh, The Places You'll Go!

What would you do today if you were guaranteed success? If you knew you could not fail?  If every 10th person you asked said "Yes, I AM moving this year" ?- Here's the secret … they do! Over 12,000 coaching calls and tracking of the numbers prove it! 

Housing Market -in Slow Recovery

Location, Location, Location - trailers renting for $2000 a month

People do criminal things when they are desperate - HOA scam

Canada's Market still going strong

Tuesday, May 22, 2012

5.21.12 Monday News you can USE

I have never seen a bad television program, because I refuse to. God gave me a mind, and a wrist that turns things off.
- Jack Paar

What choices are you making with regards to what's going into your head? YCM

Have clients who went through foreclosure? Check this out!    The banks are sending out 4 million more letters to offer to pay restitution to those they made mistakes on - only 4.1% responded to the first mailing!  I wonder if they mailed it to the foreclosed property address :)

Hey - all you Canadian Real Estate agents - your clients are investing in the USA maybe you should refer some of them to fellow YCM agents!!

Time Magazine - Housing recovery has officially begun!

Interesting statistics in this Article - Bank of America offering up to $30,000 to complete a short sale!
Average Sales  Price Foreclosure: $150,000  Short Sales: $185,000 and then add in increased expenses with a foreclosure for taxes, maintenance fees, condition of the home, and attorneys fees and it's easy to see this makes dollars and sense! Wells Fargo and Chase are also contemplating doing more of this!

Got a neighborhood farm - look at this NextDoor.com cool site with some really useful features.

Are you ready for the Echo Boomers?

Monday, May 14, 2012

5.14.12 Monday News you can USE!

John Maxwell says - “If we’re growing, we’re always going to be out of our comfort zone.”

How are you growing today?
What are you going to do today that makes you a little bit uncomfortable and will help you reach your goals?


Buyers - Mortgages at New Lows

Inventory Down 41% - And when that happens, what normally happens to prices?

10 Markets Poised for Double Digit Gains - Is one of them YOURS? BIGGEST NEWS TO SHARE!

Let us know which expert you think is right? Is now the best time to buy your first home?

How to fire a pushy agent - Some good nuggets and insight into a buyers mind.

Great Ideas are valuable How one Canadian traded a paperclip for a house!  Play Big & Better this week!  Love this quote:
The experience wasn’t about gaining a house. It was the power of “working together to make it happen” and being “open to adventure”.If I had not traded away that first paperclip, none of this would have happened”  It’s not really about paperclips, he says, but how you network with individuals and touch their lives.

From The Coaches at Your Coaching Matters
Kate Vail
Donna Fleetwood
Ilona Matteson
Donna Stott
Mike Stott

Wednesday, May 9, 2012

5.8.12 Monday News you can USE

“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”
― H. Jackson Brown Jr., author: P.S. I Love You

Buy Now! Homes won't be getting more affordable

Inventory Down in Many Cities

Mortgage Rates at Record Lows

100 Markets Improving

Anybody noticing a trend here?  Get your buyers to take action now!   Call Expireds from a year ago - Knock on a FSBO's door - the market is changing. Are you working it to your advantage?

Tuesday, May 1, 2012

4.30.12 Monday News You can USE

Had someone who told me today that FSBO's are a waste of time because she had been out to see three of them and none had listed... I was reminded of this great quote by Michael Jordan:

I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.

When do you quit?

NEWS YOU CAN USE
Numbers of Contracts Increasing

Are buyers confident yet?

Homes Prices may be bottoming out

Opportunity - Homeownership rates down to lowest levels in 15 years

Thursday, April 26, 2012

Is the market shifting up?

To be looking for now:
1. Is inventory decreasing (for similar time-period)
2. DOM decreasing
3. Multiple offer situations
4. Months of remaining inventory (looking for less than 5)

Monday, April 23, 2012

4.23.2012 Monday News you can USE

"Many of life's failures are people who did not realize how close they were to success when they gave up." --Thomas A. Edison

Forbes - Best Cities to buy in now

Least Realistically Priced homes are in these cities

Banks are Wheeling and Dealing - Short Sales Surpass Foreclosures

Sales Drop in March Down 2.6%

National Home sales Rise in Canada 2.5% Up

Monday, April 16, 2012

4.16.2012 Monday News you can USE

A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals.
Larry Bird

Why FSBO's Miss the Right Buyer

Interesting Look at HAMP Modification Numbers

CNN Money says Flood of Foreclosures Coming

FNMA and Freddie Mac considering Principal Reduction Plans

Mobile Web Searches generate buyer leads

Cool Show to Watch?  Buy Herself focusing on helping Single Women in Canada buy a home!  EVERYONE should be working on this demographic!

Saturday, April 14, 2012

List if 10 things Sellers should avoid - Buyer "turnoffs"

They suggest 10 buyer turnoffs that sellers should avoid at all costs.
"If you do all the staging correctly and have a good agent, the house will hopefully only be on the market a few weeks," Dana says. "Then you can go back to living your life."
1. Dirt
Nothing turns off a buyer quicker than a dirty house.
"The No. 1 biggest mistake is not getting the home in the best possible condition. That's huge," says Goldwasser. "I won't even represent sellers at this point unless they are fully aware of how important it is to get their home in the absolute best condition that they've ever had it in."
Goldwasser recommends that sellers go the extra mile, from steam-cleaning tile and grout to replacing carpets. "If the carpets are old and smelly, you should put in new," he says. "If they're relatively new, you should at least have them shampooed."Cannon agrees that grime can derail any showing."The home should be neat and clean and free of all debris," Cannon says. "If it reeks of cats or the kitchen sinks and counters are so filthy that it almost looks like the food is moving, I won't even want to come in."
2. Odors
Buyers, it's said, buy with their noses. Make sure your home smells fresh and inviting.
"Odors are a big one, especially kitchen odors," says Dana. "I advise my clients not to cook fried food, fish or greasy food while the house is on the market." Some pet owners mistakenly believe pet smells to which they've become accustomed help make their abode homey. Nothing could be further from the truth. "If you're a dog person, you tend to think everyone else is a dog person," says Goldwasser. "But the truth is, 50 percent of the population hates dogs and doesn't want to be near them. "Pets in the home? You have to deal with that." Dana advises her clients to eliminate all traces of pets, not just pet odors. It's important to get rid of pet paraphernalia and have a "pet plan" to make sure the animals are not around when the house is shown. "A lot of times, people will leave pet items out -- dog dishes, cat litter boxes, etc.," Dana says. "That immediately turns off a buyer because they wonder, 'What has that animal done in the house?' Also, some people really don't like dogs. The minute they walk in and see this big, old dog bowl, they immediately won't like the house."
The same rules hold true for smokers: Remove all ashtrays, clean all curtains and upholstery, and consider smoking outdoors while your home is on the market.
"Interestingly, next to the kitchen, the smelliest room in the house is actually the living room," Dana says. "That's typically the room that has the most fabric, so that is where odors get absorbed."
3. Old fixtures
Want buyers to roll their eyes? Leave old fixtures on your doors and cabinets.
"You need to change out old fixtures in your house," Goldwasser says. "New cabinet hardware and doorknobs will probably cost all of $400 or $500, but it makes a huge difference."
The same holds true for dated ceiling fans, light fixtures and kitchen appliances.
"Homes that have old fans, lights, ovens, microwaves, ranges and dishwashers can really turn a buyer off," says Goldwasser. "Sellers will say, 'Oh, the buyers can take care of that.' Well, yes they can, but it's going to impede you from getting the highest price possible for your home."
4. Wallpaper
Your grandmother may have had it in every bedroom. Your mom may have loved it as a room accent. But today's buyer wants no part of wallpaper. "Wallpaper is a definite no-no," Dana says. Wallpaper is a pain to remove and simply adds another chore to a buyer's to-do list, Dana says.
"Wallpaper is extremely personalized. You've spent hours looking over books to pick out the wallpaper you want," she says. "What are the odds that the person walking in the door will also like that wallpaper that you picked out?"
5. Popcorn acoustic ceilings
Times change, and with them home decor styles. Acoustic popcorn ceilings, once the must-have for fashionable homes in the '60s and '70s, now badly date your space.
If you can't stomach the cost or the mess to remove the overhead popcorn, be prepared to credit a buyer in certain markets in order to close a sale. "The popcorn acoustic ceiling is a major, major turnoff to buyers these days," says Goldwasser.
6. Too many personal items
Psychologically, when buyers tour a home, they're trying it on to see how it fits, just as they would a skirt or a pair of pants. If your house is cluttered with too many personal items, it's like the buyer is trying on those clothes with you still in them. A fit is unlikely.
"Anything that makes your house scream 'you' is what you don't want," Dana says. "I tell all my clients that how we decorate to live and how we decorate to sell are different, and right now, we're decorating to sell." Sellers should try to eliminate personal items, including family photos, personal effects and even unique colors, she says.
"As soon as you have family photos, buyers get very distracted. 'Oh, did I go to school with him? What do their children look like?'" she says. "Suddenly, you're selling your family, and you're not selling the home." If you really want to hook a buyer, Dana offers a tip: "I try to place a mirror strategically so that people can actually see themselves in the home, so they can actually picture themselves living there."
7. Snoopy sellers
Realtors and buyers alike generally bristle when the seller greets them at the door for a showing.
"It's so annoying," Goldwasser says. "They will want to walk around with the potential buyer and put in their two cents' worth. It's not good. Normally, there are one out of 10 sellers where it's OK to have them there, and that's because they know what is up with the property and how everything works." Goldwasser makes a point to shoo his sellers away from showings when he's the listing agent. "They like to think they know what they're doing, and that's fine," he says. "But when you've sold thousands of homes and you have a system, you know how to get people the maximum value for their home. That's why they hire you, right?"
8. Misrepresenting your home
Misrepresenting your house online in the multiple listing service is a sure way to really upset buyers and their Realtors. One of Cannon's buyers loved a home she saw online. When he drove by to take a look, he was surprised to find acres of ramshackle mobile homes across the street.
"Sellers are going to paint the best picture they can," he says. "Some listings I've looked at and wondered how in the world they got that gorgeous photo without showing all the junk that's around it. When you get there, you wonder why didn't they just be upfront?"
9. Poor curb appeal
Much is made of curb appeal, and for good reason: It's your home's handshake, the critical first impression that lasts with most buyers.
"You have to totally trim and edge your yard to get it into the most immaculate condition you can," Goldwasser says. "It's a big mistake to not freshly mulch the beds and trim the trees. Every little detail counts. "To not power-wash the exterior or leave mud dauber and wasp and bird's nests in your eaves and above your doors? You've got to be a fool to do that."
10. Clutter
Whether inside or out, less is more when it comes to clutter.
"I usually start in the closets," Dana says. "Your closets should be half-full with nothing on the floor. Why? Because most people looking for a house have outgrown their previous house. Showing them that you've still got room to grow gives them a reason to buy."
Kitchens and built-in bookshelves should showcase spaciousness by following the rule of three. For kitchens, there should be no more than three countertop appliances. Meanwhile, bookshelves should be divided into thirds: one-third books, one-third vases and pictures, and one-third empty.
The home office should be very generic so any type of professional can imagine living there, Dana says."Otherwise, it can be a distraction: 'What does he do for a living? How much money does he make?'" she says.Dana's tip for toddler parents is to pack away extraneous "kiddie litter" and keep a laundry basket handy."When you get that phone call one hour before a showing, toss everything in that basket and take it to the car with you and your kids, and you're all set," she says.

Authors: Chad Goldwasser of Goldwasser Real Estate in Austin, Texas; Terry Cannon, a buyer's agent and broker with Oregon Exclusive Buyers Realty in Salem, Ore.; and Julie Dana, the New York-based "home stylist" and co-author of "The Complete Idiot's Guide to Staging Your Home to Sell."

Friday, April 13, 2012

If you write an Email NL to your Database consider this...

Consider a section on "What's up with Me" on your E-NL... Example:

1st issue say "I was just honored to receive the aware for the Top Listing Agent at XYZ office for all of 2011... it's a privilege and honor that I want to say thank you to YOU for since your Repeat and Referral business to me is what MADE me #1... so the truth is... That one's for YOU".  My humble thank you for your past and continued Referrals of buyers and sellers... I surely appreciate it".
~your name

Month 2:
"What's up with Me" 
"Just competed my course work and education for NAR's XXXX  Certification.  Only X% of all agents across the country hold this designation so you can rest assured that your referrals to me for XXXX will be handled professionally with up-to-the minute technology and resourses.  Again, thanks for ALL your referrals - you make my business grow!"
~your name

Month 3:
"What's up with Me" 
"As you know, I take my business very seriously. I work hard to get the best education and updates to best serve your real estate needs.  You might wonder what all that "alphabet soup" you see after my name in my signature means... so I'll spend the next couple of months highlighting each.  This month I'd like to tell you what an ABR is...." and then tell them
~your name


How to Sell for MORE than It's Worth

You’re laughing right now, aren’t you? ~ In any real estate market owners often want to sell a property for more than a property is worth. Is it possible? Yes!

Discuss these options with owners and lenders to come up with a strategy that will work for your homesellers.

1. Wait for the market to improve. If you wait long enough, chances are it will go up. Real estate has appreciated at a rate of over 3.8 percent per year on average 2000-2011 (reference MSN Money.com, Case Shiller). Eventually your homeowner’s property will be worth what you want if you can wait long enough.

2. Improve the property to sell for at or above dollar by renovating square footage, landscaping, curb appeal, professional cleaning, adding a bedroom/bath/deck, remodeling kitchen/baths, etc. Improve the property to the point it’s like new, and it will sell for a “new home price.” Beware: Cost may not equal return.

3. Offer terms like a Buy Down for Buyers. If you advertised 1 percent interest fixed for the first year, 2 percent for the second year, 3 percent for the third year and 5 percent thereafter would you get more than the home is worth? Probably. Terms sell.

4. Offer a large CoOp Percentage.  I once had a seller pay a large percentage to the selling office. He had four offers in one week at over market value… all from real estate professionals.

5. Finance the home yourself with low down and at or just-over market interest rates. Owner financing is a great way to get more than a property is worth when financed traditionally.

If Your owners can’t/won’t do any of these, then… they’ll need to price at today’s value to sell.

Monday, April 9, 2012

Price Reduction Conversation - Important

If you have a listed property with a motivated Seller that is not selling, it's important you have this conversation:

What would you do if you had an offer of X? Put it out on the table as to the type of "lowball" offers that are coming in sometimes.


• Explain we have to counter ever offer - If EVERYTHING else is right in the offer but the price and they ASK us for a counter... THEN what would you do?


• Play the Negotiation Game as if it were real life.  If you countered at X and they come back at Y, then what?  Keep playing until you're "done". As in real life, this can take 3+ counters back and forth.


• Get the bottom line price. It's critcally important that your Seller understands what his/her bottom line price actaully IS so when an offer DOES come in, they know it.

• Ask: WHY would we offer that "best price" to just 1 buyer... or even this IMAGINARY buyer... rather than offer that price to ALL the buyers out there?  - Most Sellers THINK we MUST leave room to negotiate - like that's a rule somewhere out there...


No... you actually don't.  You only HAVE to sell it at the full price. And properties that are price RIGHT or even BELOW market value are often selling for MORE than full price.  Here's an example of one I was involved in recently (tell a true story).


What it boils down to is this:  You need to sell your home.  You know your bottom line.  But no one else does.  - Let's price it at that price now. I'll commit to supporting you in countering ALL the offers we get at FULL PRICE if that's what you decide to do.  You see... I'd rather you counter all the offers at full price rather than not get any offers at all. Doesn't that make sense?

4.9.2012 Monday News you can USE!

If you don't want to work you have to work to earn enough money... so that you won't have to work.
Ogden Nash


How to use an IRA for Tax-Free investing - share with your clients.

NAR - Mortgage Deductions Benefits the USA: Here

Some economists predict Rising Prices!

What the foreclosure settlement means to you and your clients. It's a convoluted process

Opportunity - find renters and turn them into buyers - rental rates rising! Conditions are "overwhelming in the favor of buying now. It is unequivocal"

Canada - Listings Taken and Sales Made are UP!

4.2.2012

Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction.
Albert Einstein

Ok a client asks you what are some reasons to buy a home?  7 Reasons to buy

Have home prices bottomed out? Maybe. CLICK HERE.... but, remember you area is not national - do your own local research!

Some parts of the country have Bidding Wars

Do we need a Freddie Mac/Fannie Mae bailout?

5 Things Buyers Hate!!!  Are you guilty?  (Maybe send this to some of your sellers?)

Canada Bans personal photos from all Personal Photo Adverstising that's more than 5 years old!!  (Hint: Happy 4/1)


Monday, March 26, 2012

3.26.2012 Monday News you can USE

Be a yardstick of quality. Some people aren't used to an environment where excellence is expected.
- Steve Jobs

Buying a Home Cheaper than renting in 100 major cities. WOW!

Month of Supply of Shadow inventory by State - I don't know how they measured it (does it include just REO's or those in pre-foreclosure) but it's still pretty dramatic

No wonder why we're confused:  Opening Sentence is in direct opposition to the headline:  What??  This is why your clients need you - to interpret the data.

Bank of America Testing a new program - forgive debt and let homeowners rent the house back from them! Small case study now but who knows?

How to know when theres a housing recovery?  Here


Canada - Busy Spring!  Wait.. is it spring there yet?? ;)

Thursday, March 22, 2012

Testing!

Testing to see if this works:

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Real Estate Sales 101

Real Estate Sales 101:
Find People who want to Buy or Sell
Qualify them by asking Questions
Set a job interview appointment
Educate CLEARLY so they understand (it's 24 degrees Celsius doesn't educate)
Close for the signature
Provide them excellent Customer Service (Educate some more)
Close the deal
Continue to keep in touch with a Database Program (Educate some more)
Reap rewards of Repeat and Referral business

- Repeat the above as often as needed to meet your goals

Wednesday, March 21, 2012

3.19.2012 Monday News you can USE!

Here's something to think about: How come you never see a headline like 'Psychic Wins Lottery'?
- Jay Leno


Think Glink!  An interesting view of the real estate market :  More of the Same

Prudential Survey:  Homeownership still very important

Dan Pink Favorite Tools (maybe to make your KANBAN on?):  Ginormous Stickies

And a great way to use the Big Stickies:  Skills Training from last THURS.... recording

Do you do ShortSales?  HAFA Changes Explained Here - YouTube video

The pig is starting to move through the python:  Foreclosures likely to increase per CNN

Canadian Statistics for February: Here

Canada due for a downturn?  TD Bank Group says yes

Friday, March 16, 2012

Untitled

4329860- 891 Old Farm Walk  PRICE $71,500  WILL RENT FOR $1200-$1300

 

4305949- 3075 Woodland Dr.  PRICE $64,000  WILL RENT FOR $900-$1100

 

 

 

Please click on the link(s) below to view property information.

 

       Buyer Full+Photo

 

The link(s) sent with this email will expire in 30 days on 4/15/2012.

 

 

Calling all INVESTORS! NOW is the time to MAXIMIZE your RETURNS!

Market is about to pop again and NOW is the the time to buy your investment.... Our last investor spent $70K and has his property rented for $1000/mo.  And WE manage it for him.  He has a contract on a 2nd one that is the same price but should rent for about $1200/mo.  LET US HELP! Read article below:

 

New Real Estate Poll: Americans Increasingly Optimistic about HomeownershipPosted By susanne On March 15, 2012 @ 3:15 pm  

 Americans are significantly more optimistic about homeownership than they were a year ago. That’s according to a new national survey released this week from Prudential Real Estate, a Brookfield Residential Property Services company. According to the second-annual Prudential Real Estate Outlook Survey, a full 60 percent of Americans have favorable views toward the real estate market. That’s up 8 points since last year.

                                          

The survey shows that signs of increasing optimism are widespread:

• With interest rates at historically low levels, 96 percent agree or somewhat agree that now is a good time to buy.

• A full 70 percent of respondents have some degree of confidence that property values will improve over the next two years; with an 8 point increase in those very confident or confident compared to last year.

• 63 percent believe that real estate is a good investment despite the recent market volatility; that’s up 11 points from last year.

The survey confirms that despite the recession, homeownership remains a central part of the American Dream. Eight in 10 respondents said homeownership is very important to them; only 15 percent said the economic downturn made homeownership less important.

“Respondents told us what our sales professionals see every day that, despite recent market volatility, homeownership remains integral to the dreams of most Americans and that consumers’ confidence in the housing market is returning,” said Earl Lee, president, Prudential Real Estate. “This is good news for home buyers and sellers, communities and our economy as a whole. As more people look to take advantage of historic interest rates and prices, we believe the foundation for a sustainable recovery is in sight.”

The survey also highlighted strong ties between homeownership and the community: 77 percent agree that homeownership strengthens a sense of community with 87 percent agreeing or somewhat agreeing that neighborhood comprised of homeowners have a stronger sense of community than neighborhoods made up mainly of renters. This is critical in an environment where two in three respondents believe community feelings in America are declining.

Among the generations, 94 percent of respondents believe that finding the right home and community are crucial to helping their family be happy. Only a small minority of older Americans said the recent housing crisis made homeownership less important to them. Nearly half of Gen Y respondents said it made homeownership more important. Gen Y’ers are particularly optimistic about the road ahead with 72% expressing favorable views about the residential real estate market.

“Characteristically, many of these consumers, particularly Gen Y, share a firm sense of family and community,” Lee said. “It’s not surprising now that they’re embracing homeownership to build on that sense.”

The survey also highlighted consumer caution in a recovering real estate market: 93 percent of respondents said that the housing crisis reminds them that they must be more careful about buying and selling property. More than 90 percent of respondents said a good real estate sales professional can help them make the right choices about homes and communities; and 71 percent believe good agent representation is more important than ever, up 4% from last year’s survey.

Methodology: Interviews with 1,251 Americans who are “in the market” to buy or sell a home were conducted online by Palisades Media Ventures and Penn Schoen Berland, between Feb. 10 and 20, 2012. Respondents are aged 25-64 with a household income of at least $50,000, and either recently bought/sold a home or are considering buying/selling a home. The margin of error is +/- 2.8% for all respondents and higher for subgroups.

For more information, visit http://www.prudential.com/realestate

Investors, here this ! BEST TIME IN HISTORY TO INVEST IN US!

New Real Estate Poll: Americans Increasingly Optimistic about Homeownership

Posted By susanne On March 15, 2012 @ 3:15 pm In Business Outlook,Consumer News and Advice,Home Owner News,Real Estate Information,Real Estate Trends,Today's Marketplace,Today's Top Story,Today's Top Story - Consumer | No Comments

[1]Americans are significantly more optimistic about homeownership than they were a year ago. That’s according to a new national survey released this week from Prudential Real Estate, a Brookfield Residential Property Services company. According to the second-annual Prudential Real Estate Outlook Survey, a full 60 percent of Americans have favorable views toward the real estate market. That’s up 8 points since last year.

The survey shows that signs of increasing optimism are widespread:

• With interest rates at historically low levels, 96 percent agree or somewhat agree that now is a good time to buy.

• A full 70 percent of respondents have some degree of confidence that property values will improve over the next two years; with an 8 point increase in those very confident or confident compared to last year.

• 63 percent believe that real estate is a good investment despite the recent market volatility; that’s up 11 points from last year.

The survey confirms that despite the recession, homeownership remains a central part of the American Dream. Eight in 10 respondents said homeownership is very important to them; only 15 percent said the economic downturn made homeownership less important.

“Respondents told us what our sales professionals see every day that, despite recent market volatility, homeownership remains integral to the dreams of most Americans and that consumers’ confidence in the housing market is returning,” said Earl Lee, president, Prudential Real Estate. “This is good news for home buyers and sellers, communities and our economy as a whole. As more people look to take advantage of historic interest rates and prices, we believe the foundation for a sustainable recovery is in sight.”

The survey also highlighted strong ties between homeownership and the community: 77 percent agree that homeownership strengthens a sense of community with 87 percent agreeing or somewhat agreeing that neighborhood comprised of homeowners have a stronger sense of community than neighborhoods made up mainly of renters. This is critical in an environment where two in three respondents believe community feelings in America are declining.

Among the generations, 94 percent of respondents believe that finding the right home and community are crucial to helping their family be happy. Only a small minority of older Americans said the recent housing crisis made homeownership less important to them. Nearly half of Gen Y respondents said it made homeownership more important. Gen Y’ers are particularly optimistic about the road ahead with 72% expressing favorable views about the residential real estate market.

“Characteristically, many of these consumers, particularly Gen Y, share a firm sense of family and community,” Lee said. “It’s not surprising now that they’re embracing homeownership to build on that sense.”

The survey also highlighted consumer caution in a recovering real estate market: 93 percent of respondents said that the housing crisis reminds them that they must be more careful about buying and selling property. More than 90 percent of respondents said a good real estate sales professional can help them make the right choices about homes and communities; and 71 percent believe good agent representation is more important than ever, up 4% from last year’s survey.

Methodology: Interviews with 1,251 Americans who are “in the market” to buy or sell a home were conducted online by Palisades Media Ventures and Penn Schoen Berland, between Feb. 10 and 20, 2012. Respondents are aged 25-64 with a household income of at least $50,000, and either recently bought/sold a home or are considering buying/selling a home. The margin of error is +/- 2.8% for all respondents and higher for subgroups.

For more information, visit http://www.prudential.com/realestate

Wednesday, March 14, 2012

Rents Rising! It's time to buy a US Invesment in the South

While homes prices continue to be on the decline, rent prices are actually on the rise and showed a 3 percent increase from January 2011 to January 2012, as opposed to home values, which dropped 4.6 percent during that same period, according to the January Zillow Real Estate Market Reports released today.

“While it seems that rents are rising at the expense of home values, the opposite is true. A thriving rental market will stimulate home sales as investors snap up low-priced inventory to convert to rentals,” said chief economist for Zillow Dr. Stan Humphries in a release.

To clear out the excess of unsold properties, the federal government announced an REO Initiative in August 2011 to sell homes owned by government agencies to investors with the purpose of converting them into rental units. The first block of 2,490 REOs went to sale in February.

When looking at rent prices on a month-over-month basis, January’s median rent prices actually declined slightly, falling 0.3 percent to $1,218, according to the Zillow Rent Index (ZRI). During the same period, home values fell 0.5 percent to $146,200, according to the Zillow Home Value Index (ZHVI).

The states that saw the greatest year-over-year decline in home values were Nevada (-10.3), Illinois (-9.4), Georgia (-9.3), Washington (-7.8), and New Jersey (-7.2), according to the ZHVI.

Based on the ZRI, the states with the greatest increases in median rent over a year were New Jersey (+16.5), New York (+13.7), Kansas (+10.2), Indiana (+10), and Michigan (+10.0).

The ZRI also showed year-over-year gains for 69.2 percent of metropolitan areas covered by the index. For the ZHVI, only 7.3 percent of metro areas saw increases in home values.

For some metros, the increase in rent and drop in home prices were closely matched. In the Chicago metro, the ZRI went up 9.1 percent year-over-year, while home values fell 10.4 percent during the same period. In the Minneapolis-St. Paul metro, rents rose 11 percent as home values dropped 8.1 percent.

“The flourishing rental market is the silver lining to the nation’s housing downturn,” said Humphries. “We haven’t had a good way to quantify what is happening with rental rates until now, and the inaugural Zillow Rent Index shows us a healthy and growing rental market across the majority of the country, even as home values continue to fall.”

Nationwide, foreclosures decreased by 0.3 percent compared to the year before in January 2011, but went up 0.3 percent on a monthly basis compared to December, with 8.4 out of every 10,000 homes foreclosed upon in January 2012.

Foreclosure re-sales went up by 2 percent over a year ending in January 2012 and rose by 1.4 percent compared to the month before. Overall, foreclosure re-sales accounted for 19.46 percent of all home sales in January, and Nevada had the highest percentage of foreclosure re-sales at 49.65 percent. The state also saw a yearly increase of 12.6 percent for foreclosure re-sales.

RENTS RISING!

While homes prices continue to be on the decline, rent prices are actually on the rise and showed a 3 percent increase from January 2011 to January 2012, as opposed to home values, which dropped 4.6 percent during that same period, according to the January Zillow Real Estate Market Reports released today.

“While it seems that rents are rising at the expense of home values, the opposite is true. A thriving rental market will stimulate home sales as investors snap up low-priced inventory to convert to rentals,” said chief economist for Zillow Dr. Stan Humphries in a release.

To clear out the excess of unsold properties, the federal government announced an REO Initiative in August 2011 to sell homes owned by government agencies to investors with the purpose of converting them into rental units. The first block of 2,490 REOs went to sale in February.

When looking at rent prices on a month-over-month basis, January’s median rent prices actually declined slightly, falling 0.3 percent to $1,218, according to the Zillow Rent Index (ZRI). During the same period, home values fell 0.5 percent to $146,200, according to the Zillow Home Value Index (ZHVI).

The states that saw the greatest year-over-year decline in home values were Nevada (-10.3), Illinois (-9.4), Georgia (-9.3), Washington (-7.8), and New Jersey (-7.2), according to the ZHVI.

Based on the ZRI, the states with the greatest increases in median rent over a year were New Jersey (+16.5), New York (+13.7), Kansas (+10.2), Indiana (+10), and Michigan (+10.0).

The ZRI also showed year-over-year gains for 69.2 percent of metropolitan areas covered by the index. For the ZHVI, only 7.3 percent of metro areas saw increases in home values.

For some metros, the increase in rent and drop in home prices were closely matched. In the Chicago metro, the ZRI went up 9.1 percent year-over-year, while home values fell 10.4 percent during the same period. In the Minneapolis-St. Paul metro, rents rose 11 percent as home values dropped 8.1 percent.

“The flourishing rental market is the silver lining to the nation’s housing downturn,” said Humphries. “We haven’t had a good way to quantify what is happening with rental rates until now, and the inaugural Zillow Rent Index shows us a healthy and growing rental market across the majority of the country, even as home values continue to fall.”

Nationwide, foreclosures decreased by 0.3 percent compared to the year before in January 2011, but went up 0.3 percent on a monthly basis compared to December, with 8.4 out of every 10,000 homes foreclosed upon in January 2012.

Foreclosure re-sales went up by 2 percent over a year ending in January 2012 and rose by 1.4 percent compared to the month before. Overall, foreclosure re-sales accounted for 19.46 percent of all home sales in January, and Nevada had the highest percentage of foreclosure re-sales at 49.65 percent. The state also saw a yearly increase of 12.6 percent for foreclosure re-sales.

Thursday, March 8, 2012

Which is better to pay for an Investment... $192K or $165K?

Case Study...  IN MY MARKET AREA...

In 1985 you could buy a NICE older home for about $65,000 & rent it out for about $650/mo
You put down 20%
The interest rate was 12% and discount points were about 7%.
You put down $13,000
The discount point cost was $4,550
Normal commission was 7% $4,550 (Seller paid, but it's part of the costs)
Other costs were around 1% $650
Total: $22,750
YOUR PAYMENT WAS $534 plus taxes and insurance = $192,600 total payments - maybe break even on the income/cost but the tenant paid off the mortgage, so it's just income after 30 yrs. A retirement plan costing $22,750 and netting about $8K/year income every year after 30 years. If you owned 30 more years you'd make a cool $240K on your $22K cash out of pocket. Not bad.

TODAY you can buy a NICE older home for about $120,000 and rent it out for about $1500/mo
You put down 20%
Your interest rate is 4% and discount points are NONE in most cases.
You put down $24,000
No discount point cost is $0
Normal commission is 6% $7200 (Seller pays but it's part of the costs and less than 1985)
Other costs are still around 1% $1200
Total: $32,400
YOUR PAYMENT TODAY IS $458/mo plus taxes and insurance = $165,000 total payments - with about $10,000+ a year positive cash flow. After 30 years, you have $300,000 income AND you have income continuing after it's paid off of about $18,000/year. After another 30 years total income on your $32K out of pocket is about $840,000.  Better???

IT'S NOT THE PRICE, IT'S HOW MUCH DOWN AND HOW MUCH A MONTH...