Help-U-Sell Success Summit Update #2

I am so excited to announce that Patricia Boyd will be joining us at next month’s Help-U-Sell Success Summit in Anaheim!  Patricia is the industry expert in how to use finance to create more sales.  She is a strong consumer advocate and that point-of-view runs throughout her many programs (in other words:  she’s a great match for Help-U-Sell!). She is the author of the book “How to Buy and Sell Your Home without getting ripped off”, President of Real Finance Solutions AND owns REAL FINANCE ADVOCATE certification program which is promoted by NAR on Realtor University.  You can learn more about Patricia on her WEBSITE and by watching this short video:

Don’t miss this great opportunity to grow your mind and your business! Register now by going HERE (it’s free). And then make your sleeping room reservations at the Hotel Menage: 714.758.0900

*The Help-U-Sell Success Summit takes place Nov. 14 – 16, immediately following the NAR Convention in Anaheim, CA. Our special room rate at the Menage is available from the 11th – when the NAR meeting begins – all the way through the Summit and even beyond. So take advantage of it to come in early, go to NAR (help us in the booth!), or stay over for a day at Disneyland.

My Choice for Your Real Estate Tablet

Let’s dispense with it right up front.  The Ipad 2 is cool.  It’s light and thin and head turning and will make a fine Tablet for your real estate life (and more).  Having said that, I opted to go Android.

The Acer Iconia 500 Tablet is a wonderful device that operates like your Android SmartPhone, has thousands of apps – many free – available for download , and has expansion and storage capabilities the Ipad crowd can only dream about. It sells for about $425 at Costco with 32GB of internal storage.  I added a nifty leather cover with USB keyboard from Amazon for $40 (makes note taking an returning email a whole lot easier).  By the way:  I suggest, if the price is close, you should buy your electronics at Costco (or Costco.com) because of their liberal return policy.  If anything goes wrong, or if you just decide you don’t like your electronic purchase during the first 90 days, it is fully returnable and refundable, no questions asked.  It’s a nice added bit of peace of mind.

It’s not just that you need a Tablet for your real estate business;  I, for one, can’t imagine how you’re doing business today without one!  You need it for quick MLS access when you are out with a buyer or sitting with a seller.  It does what we used to do in the not-so-good-old-days when we carried a 15 pound MLS book with us everywhere we went.  You need it to display impressive graphics and stats when you sit with a seller during a listing consultation.  You need it (and the optional stylus accessory) when you are reviewing an electronic purchase agreement with a customer and need an initial here and a signature there.  And, Oh By The Way:  it also makes one heck of an ebook reader!

You need some mechanism for accessing the Internet when you are out in the field on any Tablet you might buy.  You might opt for a Tablet that gets online via a data plan through your wireless carrier.  I explored this option before I bought the Tablet and discovered that I wasn’t going to get out for less than $50 a month – not much for your real estate career but steep for me because I am cheap.  A better option might be to connect through your phone.  If you have an Android phone, with a small additional fee, you can use it as a ‘mobile hot-spot’, which means you can connect another wi-fi device to the Internet through it.  At Verizon, adding this capability to your SmartPhone costs about $15 a month.  I’d suggest you do what I did:  explore your options for Internet connectivity before you buy a Tablet.

What separated the Acer Iconia 500 from the rest of the pack for me at the time I bought it (about four months ago), was it’s expandability/connectivity.  It has full size and mini USB ports.  I can move files from my PC to my Tablet effortlessly via a thumb drive.  It has an HDMI port out so that I can view images or video from my Tablet on a big screen or TV.  It has a mini-SD card port into which I have a 32GB memory card filled with any file I might need on the road.  These are things the Ipad didn’t have (at the time . . . now, I’m not so sure).

The Acer is a great Tablet, but it’s not the only one.  Samsung makes a couple of terrific Tablets, a 10″ model (like the Iconia) and a 7″ model, which fits very nicely in your hand and in your purse.  HP got into the market for a Nano-Second and then suddenly got out and had a fire sale to dump it’s inventory.  Their mistake:  loading their Tablets with their own proprietary Operating System.  Don’t make that mistake: go Android or Apple.  For this reason, I’d avoid Blackberry’s version (but that’s personal; my last Blackberry Storm was so bad I dumped it early to go Android).  There are a couple of great places to play with a variety of Tablets:  Best Buy and Frys.  Each retailer has a full array of the latest and greatest.  However, I’d suggest you go home after a retail fact-finding mission and see if you can find your chosen device online (or at Costco).  Hey, wanna drive your retail salesperson nuts?  After you settle in a fall in love with a Tablet, pull out your smart phone, get online and shop for it right there in the store!  It makes them crazy!

STOP! Before you take my advice,, check out the date of this post: Oct. 6, 2011. That’s just a little more than a year ago, but in tech terms, that’s a lot. Much has changed or gelled since then and I’m not sure I’d be recommending Android for a REALTOR tablet today. It’s still true: I love all things Google and own no Apple devices, but I’m not in the street selling real estate every day. What has become clear is that the IPAD is the tablet of choice in our industry. There are abundant resources and training for it aimed at REALTORS. Can you still make excellent use of an Android tablet? Sure, especially if you are already familiar with the Android/ Chrome operating system and apps. But if you’re starting from scratch? And especially if you already own an Iphone – get an Ipad

The Real Estate Company of the Future

What does the real estate company of the future look like?   Everyone wants to know but most would prefer to ignore the early signs.  Picture an frightened ostrich with his head in a hole.

What we do know is this:  it will be lean, it will cost less, it will make sense, it will use technology to create efficiencies, it will run on systems, not personalities, it will look more like E-Trade than Merrill Lynch, more like Amazon than Sears.

In short, it won’t be based on the old Broker/Agent model where the broker delegates responsibility for building and marketing his/her company to the agents and attempts to grow through endless recruiting.  That’s a stupid model and really:  except for a few magical years in the sixties and seventies, has always been a stupid model.  And  it’s already disappearing.  How many 500 agent offices are still open in your marketplace?  Many have transitioned to a more ‘virtual’ concept, which is code for agents working from home with little real supervision.

No.  I think the future will feature a real estate practitioner (Broker or Agent – and maybe in the future there won’t be a difference) who is a connector.  He or she will be competent, capable and personable – someone a consumer can like and trust who will connect the seller with marketing (mostly electronic), the buyer with home search tools, both with quality representation and transaction processing.  The practitioner (ok, let’s call it a Broker) would stand at the center of a team of professionals each managing predictable and efficient systems to accomplish the various tasks involved in the process.

If it sounds like I just described Help-U-Sell, that’s partially correct.  I think we are closer to the future than anything else out there.  We have the technology – that we actually own and control – and it continues to morph and evolve every week, adapting to  changing markets and needs.  We already have the Broker-at-the-center model and the strong consumer focus.  Still we’re not there . . . we’re close but there are a few more bits of innovation that need to happen before we arrive . . . that’s why it’s the real estate company of the future.  What does your crystal ball tell you about how you’ll work tomorrow?  What do you see as important moving forward and what as irrelevant?

Help-U-Sell and Performance Improvement

The International Society for Performance Improvement (ISPI) San Diego Chapter has asked me to speak to their members next month on how we’re using Coaching to drive the new Help-U-Sell University, Pro-Coach U.  It’s a very prestigious group full of big names from the fields of Instructional Design, Educational Technology, Performance Improvement and Organizational Development.  What we’re doing is a little cutting edge and there is lots of interest in how our point-of-view might make similar programs in other industries more effective.

What is that point-of-view, you ask?  Well, it’s simply this:  When we train adults in a business setting what we’re usually trying to accomplish is a change in behavior.  We want them to act differently then they normally have in the past.  It’s applicable to all kinds of training, but think for a moment about sales skills.  If you’re like most people, you came to real estate sales thinking you couldn’t sell anything  to anybody.  You went through a learning period where you discovered that you actually DID have sales skills and you worked to polish them.  You began to behave differently than you did before you jumped into the selling pool.  If you’ve ever trained to be a manager of salespeople, you studied and practiced until you became adept at asking the right questions at the right time (rather than impressing your team by telling them everything you know).  These are new behaviors that you learn by first recognizing their importance and effectiveness, then by seeing someone else do it correctly, then by practicing in a safe environment and getting feedback from a knowledgeable Coach.  That’s what we do in Pro-Coach U.

Most sales and management training occurs in a classroom in a compressed period of time with usually just a head nod toward role playing or any kind of meaningful practice.  Even worse are the purely online programs that merely dump the information out of the screen an onto your desk where it rarely gets put into action and is quickly forgotten. With Pro-Coach U, we use the Internet to deliver information.  That’s where the book learning takes place.  It comes in the form of brief video Lessons where the hard core information we are working with is presented in a compelling fashion.  The new Information is then explored in a series of real world Exercises and Activities, supervised by the Coach.  As the participant practices, the Coach provides feedback.  The Coach watches and listens and decides when the new Broker is ready for the next infusion of Information.

Here’s a little secret about training adults:  it’s a selling situation.  The job is to convince people that what you want them to do is going to make them happier, more productive, richer, better looking, healthier, and wiser than they currently are.  If you can accomplish that, the actual learning and behavior change is easy.   It’s awfully hard to do that kind of benefits selling over the phone or over the Internet or even in a classroom.  It usually takes the trusted guidance of someone who’s been there, done that and understands the benefits from a personal standpoint:  a Coach.  And that’s why Pro-Coach U is, from beginning to end, a Coaching driven experience.

Jeanne Strayer and I started working on Coaching back in 1987 when we developed a Coaching driven in-office training program for Century21, the Sales Performance System(SPS).  It was a magnificent program that came with almost three hours of video – used to role model the new behaviors – comprehensive Participant and Coaching Guides.  The Agent went away, did their work and exercises, then came back to see the Coach, who only had to turn to the appropriate page in the guide to know what to ask, what to inspect, and what came next.  The big surprise came to me in 2003 when, new to Help-U-Sell, I came across Science to Sales:  Don Taylor’s way of training high performing Buyers Agents.  It was created several years before SPS and followed the same basic coaching methodology.  I maintain to this day that Science to Sales is the best agent development training program I’ve ever seen – even better than SPS, which was left in the dust as Century 21 was sold and sold again.

Jeanne and I went on to weave Coaching into most every project we touched after Century 21 and even brought it to bear in the last iteration of Help-U-Sell (the pre-2006 version).  Now, in the new Millennium, technology has finally caught up with us and we’re creating Pro-Coach U as a blended learning solution, involving video, the internet, audio, print and Coaching to produce solid Help-U-Sell Citizens.  It makes perfect sense to us . . . but the rest of the world sees it as cutting edge.  That’s ok:  we Help-U-Sell folks always like being first anyway.

National Market Update (Sept. 2011)

August 2011 annualized existing home sales :  5.03 million, 18.6% better than August 2010

Investors accounted for about 22% of all sales, a rate that has not fluctuated much in recent months.

First time buyers accounted for 32%o of sales.

29% of sales were all cash, most of them to investor buyers.

Foreclosures and short sales were 31% of the total.

Freddie Mac reports the average interest rate on a 30 year fixed mortgage was 4.27% in August and more recently reported a record low of 4.09%

If you’d like to see a monthly history of interest rates, check out this chart.  It’s fascinating to imagine (or to remember as in my case) what it was like to sell real estate in the early 80s!

18% of NAR members reported at least one cancellation in August, compared with 16% in July and 9% in August 2010.

National median home sale price was $168,300, down 5.1% from August 2010.

There is an 8.5 month supply of homes in inventory, down from 9.5 months in July.

Annualized rate of savings was $600 billion compared with $250 billion a year in the ten years prior to the financial crisis.  There are a lot of people saving up a down payment!

Consumer confidence:  44.5, the lowest in 50 years except for Fall of 2008 – Spring of 2009, when we had massive hemorrhaging in the financial markets.

Source:  National Association of REALTORS

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