Thursday , 17 October 2019

7 Goals for the Real Estate Community This Year (as illustrated by Star Wars)

This article was originally published HERE for more articles from Ryan Lundquist you can visit sacramentoappraisalblog.com.

Here we go. It’s a brand new year. A blank slate. What will your life and business look like in 2016? I know we all have plans for the year ahead, so as January begins I wanted to pitch in some thoughts on potential goals for the real estate community. These are meant to be fun, helpful, and provocative, so take them for what they’re worth. I snapped some photos of Star Wars actions figures to help tell the story too. I’d love to hear your take in the comments below.

1)  Say Something Different About The Market:

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If you’re in the habit of saying the same thing about the market all year, consider studying the market carefully and adjusting what you say throughout the year. It’s easy for both agents and appraisers to fall into the trap of using the same stale phrases, but getting more specific about the way the market behaves tends to build credibility with clients.

2)  Make it About Connections on Social Media:

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Let’s be honest. One of the sins of the real estate community is too much self-promotion, and this comes across loudly on most social media platforms. It’s easy to treat Facebook, Twitter, and other spaces like the yellow pages where we simply broadcast our services. Yet social media is all about building connections and creating conversations. Think about how you can add value to people’s lives this year online while avoiding nauseating self-promotion. Maybe take a look at what you said last year too. Have people been engaging with what you are saying? If not, maybe it’s time to mix things up or get back to a focus on relationships.

3)  Speak Graciously About Neighborhoods:

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This might feel a bit touchy to say, but I can’t tell you how many times I hear things like, “I would never live in this neighborhood,” or “I don’t know why anyone would ever buy here.” It’s easy in the real estate community to gloss over statements like this, but the truth is they come across a bit arrogant because they demean neighborhoods and residents. Why is that person buying there? Probably because that’s what the person can afford. Let’s respect that and find ways to speak graciously about places people call home (even if we really don’t like the area). I’m not saying to be fake, but only to find ways to speak more positively about communities instead of ragging on them. Remember, your next client might want to buy in one of these neighborhoods.

4)  Learn How to Make Quick Market Graphs:

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If you don’t know how to make graphs, why not make that a goal this year? It sounds like a scary thing to learn, but it’s very doable (seriously), and frankly it’s a skill that can help propel your business and understanding of real estate to the next level. I have a brief tutorial here, but send me an email too for some other suggestions.

5)  Remember to Say “CO” instead of “CO2” Detector:

CO-alarms-in-appraisal-reports-star-wars-sacramento-appraisal-blog

When it comes to talking about carbon monoxide detectors, this is an easy mistake to make, yet still very important to nail for the sake of sounding professional. Remember, “CO” stands for “Carbon Monoxide” (a dangerous gas), but “CO2” stands for “Carbon Dioxide” (what comes out of our mouths when we breathe). Here are 5 ways to remember the difference in case it’s relevant.

6)  Be Generous:

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A generous person is a rare find. Be known this year for altruism, compassion, and responding in care when people need something. Not only does it feel great to live a life focused on others, but it’s actually really good for business. People want to work with others who are great at what they do AND generous.

7)  Be Prepared for Real Estate “Bubble” Conversations:

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Values have risen dramatically in recent years, and many consumers are wondering about a real estate “bubble”. Whether we are in a bubble or not, it’s important for the real estate community to expect and navigate this conversation well. How will you answer your client’s questions this year when “bubbly” conversations arise? In case it’s helpful, here are some quick points to shine some perspective on the topic.

Happy New Year! May this be a wonderful and rich year of life and business.

Have any comments or would you like to submit content of your own? Email comments@appraisalbuzz.com

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About Ryan Lundquist

Ryan Lundquist
Ryan has been appraising full-time since 2003 and his clients include home owners, real estate agents, governmental agencies, attorneys, and lenders. He handle appraisals for estate settlement, divorce, tax grievances, pre-listing, loans and other types of private matters.

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5 comments

  1. Avatar

    Thanks so much for sharing the article. I’d love to hear anyone’s take on things. Let’s have some conversation.

  2. Avatar
    Hunter Richardson

    Thanks for the humorous reminders. I know what you mean about just saying the same thing about the market or just giving some general response. I think I tend to get so micro focused on smaller markets and honestly don’t keep up with the overall market like I should. Am I the only one??
    Good one on the graphs. I am using Statwing now to do market analysis and they do provide some good graphs which I am going to start including in my reports.

    So the one thing I have to catch myself from saying is “hot water heater”. It was actually a homeowner who pointed this out to me haha, yikes.

    I also agree on helping people out this year. My goal is to find what brings the most value to my clients and really get better at it. Whether its quality, less revisions, turn time, better research, verification, etc.

    Thanks again for article!

  3. Avatar

    I like the point about graphs. In understanding and explaining markets, a picture literally can say a thousand words.

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