Home staging has been a buzz word in real estate for a number of years now but still is not used by many real estate agents. Does it really work? Would it be a good idea for real estate agents want to spend their own money to stage a home? This is what Realtor Joe Molnar of South Bend Indiana did.

Joe listed a home that had been on the market over a year with two different agents. The original list price was high at $237,900 and was then reduced to $220,000. The house was in good condition but was vacant.

Take a look at how the house showed when it was listed with the first two agents:

Home Before Staging

Joe listed the house for $215,000. He spent $500 for staging and furniture rental for 3 months. When you look at the photos of the house after staging you don’t even realize it is the same house.

Home After Staging

See what I mean? When you compare the before and after photos the difference is remarkable.  Staging and good photos make a BIG difference. Joe thinks his $500 investment will earn him a $6,000 commission this spring.

Would you spend $500 for a $6,000 return?

Another good example of Home Staging is HGTV’s ‘Get It Sold‘ with Sabrina Soto. Sabrina takes a home that has been on the market for awhile and stages it for an Open House. Once again the before and after is amazing!

Real estate success tips from Steve Harney, Keeping Matters Current.com. Good stuff you will want to read!!

1. Stop waiting for the cavalry to arrive. WE ARE THE CAVALRY!

The Fed has stopped purchasing mortgage-backed-securities (MBS) and the Home Buyers’ Tax Credit has expired. What should we do now? The answer is simple. We need to get back to work. Originally the end to the Fed’s purchasing of MBSs was to occur on December 31, 2009 and the Tax Credit was set to expire November 30, 2009. We petitioned the federal government and explained that they couldn’t abandon the housing market in the middle of the winter. We let them know that if they got us to the spring (our normal peak selling season) we would take it from there. They lived up to their end of the bargain. Our time to perform has arrived.

We need to show leadership right now whether we are an owner, a manager or an agent. The best comment I have ever heard on leadership was from Colin Powell:

“A leader must be the person people come to in times of crisis. When they get there, they must never see you hungry, cold, afraid or tired.”

Let’s be strong right now. How do we do this?

2. Start CREATING transactions

During the boom years of 2004-2007, we really were not in the business of creating deals. We were actually in the business of facilitating the transactions. There were even some who said we should actually take on the title “Facilitator”. That was then and this is now.

A recent Gallup poll reported that “Lower but stabilizing home prices combined with continued low mortgage interest rates have persuaded 72% of Americans that now is a ‘good time’ to buy a house.”

What might prevent these people from accomplishing their goals? FEAR!

But let us realize that fear always comes from ignorance. Fear is only the symptom. Ignorance is the disease. We have been trying to make people feel better by trying to hide the reality of the market (treating the symptom) instead of educating them to the market (treating the disease).

Once we can simply and effectively communicate the reality of the market, we can easily point out the opportunities that exist and help these people accomplish their goals. Let’s search out the people mentioned above and help them understand that the move they are considering is not only possible but in the future will be profitable.

And make sure that when these buyers do purchase that they purchase your sellers’ homes. How?

3. List the property at a COMPELLING PRICE

The sale of a home can be a very emotional time for a seller. They often have fond memories of people and events that graced their home over the years. However, when we are setting the price we must realize that emotion should play no part. The value of any item in any industry is determined by two variables: the DEMAND for the item and the SUPPLY of that item.

With the government programs aimed at bolstering prices expiring, we can be very confident that DEMAND will remain stable throughout the year at best. If anything, potentially higher mortgage interest rates could soften demand.

The SUPPLY side of the equation is much clearer. A recent Zillow.com survey shows “8% of homeowners, or about 10 million Americans, are ‘very likely’ to sell if and as local conditions improve.” Obviously, not all 10 million will come to market. But even if only one quarter does that would be 2.5 million additional homes. And recent foreclosure statistics show that between 5 and 7 million homes are eligible for foreclosure. Prices will be impacted severely when this discounted inventory begins to come to market as the year unwinds.

Help your sellers to price their houses properly now to avoid further reductions that will occur later in the year. What should YOU do to prepare for this wave of foreclosures?

4. Become comfortable with DISTRESSED PROPERTIES

More and more families are finding it very difficult if not impossible to keep up with their monthly mortgage payments. It is our duty to help these people in every way we can. We must become better informed as to the programs available to these families in order to assist them as a true real estate professional should. Get certified by taking the short sale/distressed property classes offered by your local and state associations. Then commit a portion of your weekly work schedule to assisting this rapidly growing segment.

The more neighbors we help avoid the nightmare of foreclosure (either through a modification or a short sale) the better off they and our neighborhoods will be. Vacant foreclosures are what drive down values in a community. Modifications and short sales avoid this situation.

Help our neighbors in order to save our neighborhoods.  It is a rather simple concept but it won’t be easy unless you…

5. Develop the HEART OF A TEACHER

Dave Ramsey the writer, radio personality and financial guru said: “When getting help with money, whether it is insurance, real estate or investments you should always look for someone with the heart of a teacher, not the heart of a salesman. If you find someone with the heart of a salesman, run away.”

We must stop trying to sell people and instead educate them to the best options for themselves and their families. Take the time to truly understand WHAT is happening in the current market. Then, go even deeper and discover WHY it is happening. Then, and only then, will you be able to simply and effectively explain it to your customers and clients. Until they truly understand their options, they will be afraid to move forward.

Recently I wrote a post, Adding Your Real Estate Listings To Facebook, which received a lot of attention.  I thought you might want to take a look at the new Vflyer application for Facebook to market your listings.  Of course, you have to have a Vflyer account. If you carry one or two listings, Vflyer is free. For larger inventories, monthly fees can run anywhere from $12.95 to $79.95.

Vflyer has it all over some of the other Facebook listing applications for many reasons:

• Your contact info is prominently displayed at the top of the page
• The listing information displayed is the Internet flyer you created with links to your information
• The application can be installed on both your profile and your fan pages

Here is the Vflyer’s real estate listing application on Leigh Brown’s page, Charlotte North Carolina Real Estate.

Here are instructions for adding the Vflyer application to Facebook.

I also like the Internet flyers you can create with Vflyer. It offers many unique features:

• It contains a slide show and a link to your real estate website on the first page of a multi-page flyer.
• You can include an unlimited amount of links to your other online real estate marketing tools.
• It includes a nice map.
• And offers marketing for your other listings.

Interested in Vflyer, but don’t have the time to fool with it? As your real estate virtual assistant, I’m glad to help. Simply give me a call, 757.271.6047 or send me an email to get started.

My friend and Realtor Margaret Rome, ePro of Baltimore MD is featured in the ‘Masters Series’ of the latest Realtor Magazine. In this video, Margaret her secrets for creating a successful open house:

Congratulations Margaret on your successful career and creative marketing!

Much of your real estate marketing in the last 18 months as probably been directed towards first-time home buyers. The home buyer tax credit is due to expire in just 8 days. The end of free government money will most likely make this segment of the population less motivated to buy real estate. This begs the question, “Who do you focus your real estate marketing on next?”

For the last two years, the Marketing Executive Networking Group has polled its members to learn about the issues on the minds of top marketers. Both surveys included questions about the “most important marketing segment.” Both times Boomers topped the list. Higher than Women or Hispanics/Latinos.

Boomer Project founder/president Matt Thornhill lists 10 reasons to examine the opportunities of targeting boomers in your 2010 marketing plan:

1. You will build your career and legacy on their backs
2. They buy things. Lots of things
3. They try new things
4. They are easy to reach
5. They think they are in the middle of Middle Age
6. They use the Internet
7. They have grandkids
8. They are control freaks
9. They like advertising
10. They are the future

Be sure to read Matt Thornhill’s complete article when considering to include Boomers in your real estate marketing plan.

One of my real estate virtual assistant clients, Clayton Gits, asked me for client closing gift suggestions. I posed the question, “What has been your most successful closing gift in terms of client appreciation and shelf life?” to a LinkedIn Group and here are the results:

“A brass plaque of the homes street address. The clients loved it, and point out to each of their friends that their “Realtor” bought it for them…They see it each time they enter their home and are reminded of me.”  Alan May

“Anything practical – gift card to Home Depot or Lowe’s or Costco. Substantial amount. Always depended on their needs.”   Laurie Barrera

“It depends on the client’s needs/wants. Recently I had a client mention the name of her favorite restaurant so I’ll likely get a gift card for there and something for the home. I’ve given Scentsey product as well. Here is a link in case you aren’t familiar with the product. https://ussuccess.scentsy.us/home ” Les Hackmeister

“I wrote a post called “My Housekeeper is Adorable! ” I described the Roomba which I have renamed RomeBa. This is a great closing gift!”  Margaret Rome

“I quit doing closing gifts. The best “gift” is to stay in touch with your clients. If you have to give something, one of the best I was was a self inking stamp with the buyer’s new address on it. They can use it forever. I never put my return address on my bills, but I always make sure the sender’s address is showing, but if I had a stamp, I would use it. Of course the stamp should have your name and contact information on it.”  Jerry Becker

Thank you all for your suggestions! what do you give for a real estate closing gift?

As you know from previous posts, your real estate virtual assistant is taking a social media with Social Media Magic.  Today I want to share with you how to strategically optimize your LinkedIn profile.

LinkedIn is a network of over 55 million professionals who are interested in exchanging information, ideas and opportunities. It is a ‘place to find and be found.’ You can find people who will be helpful in building your business. And you can be found by people needing your real estate services.

Your profile is your online business card. It is the first glimpse of who you are. It is a showcase of your experience and expertise. And it needs to be strategically optimized for people to be able to find you. There are 2 reasons to optimize your profile. One is for the computer and one is for people. Optimization of the computer includes the strategic use of keywords. People don’t search for you by your name but by the services you provide or the company you are affiliated with. You also want people to look at your profile and think, “Wow, this is a person I need to do business with.”

Prior to optimizing my profile, if I searched ‘real estate virtual assistant’, I showed up on page 3 of the results. After optimization, I show up as #2 on the first page. Certainly, a better place to be if I want someone to find me. Let’s look at the elements of a profile and how to best make them work for you.

Read the rest of this entry »

If you are looking to streamline your real estate business, consolidate numerous software and programs into one and become more efficient, you won’t want to miss this FREE webinar from Real Pro Systems.
The All in Ones System for Your Real Estate Business

Webinar Phone: 541-743-8500 info@realprosystems.com

	Business Process Improvement Real Pro Platinum Thursday, April 1, 2010 11:00 AM- 12:00 PM PST
Business Process Improvement Featuring: Eric Bushnell Learn how Eric and his team have consolidated systems, streamlined business processes and are building a more efficient business with Real Pro Platinum. Managing a team means managing another level of complexity surrounding lead generation, distribution, conversion and client management. Hear how Eric organizes his team around Real Pro Platinum-what’s working well and what has proven challenging. “Real Pro Platinum is a huge step up from Real Pro Gold. I have been involved in website marketing and internet lead management for 14 years. (Real Pro) Platinum is the first system that included the tools I could use to maintain contact with hundreds of people without losing anyone. I find it easy to maintain my web presence and the tools within Real Pro Platinum allow me to add content that today’s consumers are looking for.” Eric Bushnell Eric Bushnell is an Associate Broker for Jack White Vista Real Estate, a Prudential office out of Eagle River Alaska. Eric is a member of the Alaska Association of Realtors, the Anchorage Board of Realtors and the National Association of Realtors. Eric grew up in the area and after living in communities all over the country, he returned to the quality of life he remembered from his childhood. About Real Pro Platinum: Real Pro Platinum is the first comprehensive online marketing and sales management system for business-minded real estate agents and teams. Now, all key online business generation and management tools are consolidated in a single system, giving you unprecedented visibility, insight and control. From initial awareness and lead generation all the way through to closed deals, you can optimize your business by focusing your resources and staff to deliver the highest ROI possible. Business Process Improvement: Real Pro Platinum Thursday, April 1, 2010 11:00 AM- 12:00 PM PST REGISTER TODAY!

There are many applications available to add your real estate listings to Facebook. So many in fact, it becomes very time consuming to look at each one and figure out which one best suits your needs. The purpose of this post is to save you time and aggravation by sharing my research as a real estate virtual assistant.

1. Realtor.com

Realtor.com has a free Facebook application that pulls your listing information from Realtor.com and adds it to your Facebook profile in a box on your left sidebar and in a tab. All you need is your MLS ID and you are good to go. The one drawback to this application is when visitors click on your listing they are taken to the Realtor.com page and away from your Facebook profile. Once on Realtor.com, a visitor may never get back to your information.

You can download the application at www.SeeMyListings.com.

2. My Real Estate Listings

This application is powered by www.previsite.com. The Facebook application is free, but you must subscribe to Previsite. Included in your yearly subscription is a camera kit to do your own virtual tours, a web based platform to upload, organization and management of your images. You can add floor plans and hotspots, send your tours to facebook, twitter, send video tours to youtube, get traffic statistics, email/share the tour, print flyers, etc. A yearly subscription is $579.

This application received rave reviews from the agents using it and listings are displayed in an attractive manner. When accessing the application you must sign up for a Previsite account first. I was sent to a Login page with no ability to create an account. Extremely frustrating to say the least!!

3. Center Stage For Real Estate

This application is from Clientopoly. It displays your listings and even sold properties, publishes updates to your page and automatically generates a flyer/web page. There is a 30 day free trial and then a $96 annual subscription. Listings are displayed nicely and when clicked on a custom flyer displays. This application can be added to a Page, as well as your Profile.

4. My Agent Desk

You must be a member of My Agent Desk to use this application, but membership is free to Real Estate Professionals. Listings are added to a box in your left sidebar and to a Tab. The listing display page is not terribly exciting nor is the property flyer. I wasn’t impressed by the typos on the Info tab.

Here is a full flyer view.

5. Real Estate Agent Widget

This application gives you a separate, professional Real Estate Agent profile with the ability to add your Real Estate listings directly to a Facebook personal, business or fan page. The widget is eye catching and one I thought looked promising. But there are 2 reviews on their page and neither is complementary. Complaints are the widget is too far down on the wall and the subscription is difficult to cancel. You go to http://socialrealestatetools.com to subscribe. The cost is $129.99 annually.

6.  Mighty Agent Listings

You must have an account at www.MightyAgent.com. Mighty Agent creates single property websites for your listings. There is a $195.00 set-up fee and a $39 month fee for 2 agents (I’m guessing a Team). Property domain registration and sign riders are also available. The summary page of listings is the nicest looking that I have seen. When you click on the listing it brings up a full page property flyer customized to the agent. Here is an example: http://selwithdel.com/?mlsnum=3850719.

7.  Real Estate – Realtor Listing Application

This application is from www.elistit.com. It provides a slide show in the left sidebar of your Profile plus a summary page that will show all your listings in a wider column then the Narrow Box. It will also show your contact information and your company logo. Elistit offers a 14 day free trial and then it is $99 annually. I couldn’t get any pricing info until after I signed up for the free trial.

8.  Real Estate Agents Listing Application
Real Estate – Agents Listing Application by SocialRealEstateTools.com lets you add your property listings and manage a professional real estate profile. This service works by combining a feature rich editor for your real estate profile and property listings for sale with custom built Facebook apps and features. This is the same application as #5 with a different name.

9.  See Live Listings

When I clicked on this app, I got a blank page. This is what Julie Woodward-Trenker had to say:  “Well I filled this out except that everytime I confirm my information, the page defaults to listing me as a Spanish Tutor instead of Residential Real Estate Agent. What’s that about?????”

10. USAHomeSearch

If you have an account with www.USAhomesearch.org, you can post your listings to your Facebook profile page. I couldn’t get my login to work and there are many requests for help on the Wall for this provider. I couldn’t find a sample of a summary page.

11. Agent Nation

The AgentNation Facebook App integrates with your AgentNation real estate listings, virtual tours, and blog displaying them on your Facebook Profile. AgentNation offers virtual tours, property flyers, Google street views, Realtor.com integration, unlimited hosting, video creation and hosting, and Facebook integration for $89 a year. There is an impressive introduction video that is worth taking a look at, https://www.agentnation.com. The summary page is easy to read and here is a sample of a virtual tour, http://www.agentnation.com/vt/1118.

Well, my friends, your real estate virtual assistant has done her homework and compiled this extensive list of applications to help you decide how and where you want to  display your listings on Facebook. I hope it saves you much time and aggravation so you can get back to your job of selling real estate.

If you are confused, have questions or want help with your Facebook and social media presence, give me a call or shoot me an email. I’m here to help!!

Social Media. Real Estate. What’s the BIG deal?

Are you one of many who think social media is a Fad and you and your real estate business don’t need to be there? I was! This video by Erik Qualman at Socialnomics.net will change your mind!

As a real estate virtual assistant, I have been blogging for years and have understood the seo value of blogs. I also have personal profiles on the prominent social media sites, as well as created profiles for clients. But I have to admit, I did really GET social media.

This video and a webinar course with Social Media Magic his opening my eyes. You will hear more about what I am learning and how to make money with social media.