Realtors: Impact of COVID-19 on Real Estate Showings in North America (Updated Daily) |
- Impact of COVID-19 on Real Estate Showings in North America (Updated Daily)
- Realtors/Agents in the San Francisco Bay Area, how has COVID-19 affected the local market so far?
- How top agents are navigating through the COVID-19 situation
- In a moral bind, what would you do?
- How to stay sane
- Moving During Coronovirus
- Why would the listing agent lie about the offer deadline?
- Queensland Realtors I need help
- Desk Fees...
- What is a good realtor and how do I find one without any help from friends or family?
| Impact of COVID-19 on Real Estate Showings in North America (Updated Daily) Posted: 19 Mar 2020 09:38 AM PDT |
| Realtors/Agents in the San Francisco Bay Area, how has COVID-19 affected the local market so far? Posted: 19 Mar 2020 10:45 AM PDT I was looking to purchase a house in Q4 of last year but didn't pan out and with SIP in effect this past week, I'm assuming all open houses have been postponed so only private showings for now? Considering this is San Francisco and the housing market doesn't make sense here, how was COVID-19 affected SF's market? Is it time to buy? Or should I wait it out some more? [link] [comments] |
| How top agents are navigating through the COVID-19 situation Posted: 18 Mar 2020 12:51 PM PDT Hey Realtors, I made a post here a few weeks ago about netting $250k last year (which really blew up, thanks guys!) and I just wanted to create another post to talk about how myself and other agents in my network are staying strong right now. There's a lot of fear and uncertainty going around, especially for people like ourselves who live on a 100% commission-based income. These feelings are absolutely understandable, but the bottom line is that there are still buyers and sellers out there! You just need to be more creative in your efforts to find them. Here are some of the most significant things I'm doing to overcome the obstacles we're currently facing, and what you should consider doing too: 1. Don't just assume that no one wants to buy or sell anymore There are still plenty of motivated buyers who want to take advantage of the current market situation. Try to leverage the silver lining, such as the low interest rates. Sadly, widespread layoffs will also create an influx of motivated sellers. Ultimately, understand that there will still be market activity despite what it may seem like right now. 2. Use technology to your advantage Social distancing means no more meeting prospects or clients face-to-face, far smaller open houses, and no door-knocking/networking to generate leads. This is our new reality until further notice. So don't just sit around and wait for this all to pass, because we don't know how long this might go on. We need to adapt & overcome. What do I mean by that? 2A. Host virtual face-to-face meetings with your prospects & clients Whenever you're about to engage in a conversation with a prospect or client which would normally call for a face-to-face meeting, use a video chat app like Zoom, Skype, or Google Hangouts instead. Video calls are much more effective at building rapport than a phone call. 2B. Host "virtual open houses" for your listings Open houses are ghost towns right now. In fact, a lot of brokerages are even starting to outright ban them for the time being. You obviously don't want to lose your listing, so what should you do? Host a virtual open house. There are many ways you can go about this. Ideally, you could hire a 3D camera technician to come record a walkthrough. But if you want to save time & money, you can just use pre-existing photos of the home. Set the photos up on a landing page or chatbot flow (this is what I do) and promote the "virtual open house" through a Facebook ad, which brings me to my next point… 2C. Digital marketing / Facebook ads I've always been an avid supporter of Facebook ads because it's been the key to my business growth. And although right now may not seem like the best time to get started with Facebook ads, it's actually the complete opposite. Right now is an incredible time to run Facebook ads. Why?
Personally, I've experienced a 30% increase in my ad reach compared to just last week. No one is going to appreciate an agent going door-to-door right now. Doing that will probably hurt your reputation. There are also far less networking opportunities to be had, now that various facilities and events are shut down indefinitely. However, Facebook ads will allow you to reach the highest quantity of potential buyers/sellers in the most efficient way possible right now. Some types of ad campaigns you can run:
3. Be an asset to your community Leverage your online network and ask if there's any way you can be of assistance to anyone. For example, I've recently seen a lot of agents in my network offering to pick up prescriptions, groceries, food, etc for anyone who's concerned about being out in public. Not only is this a great way to make a positive impact on your community, but it'll make a great impression on anyone who sees your post (and especially anyone you actually help out), and you'll be top-of-mind to represent them if they ever need to buy or sell. These are some of the things that I'm doing to push through, I hope I've been able to offer some value & maybe some inspiration to you all. We're definitely experiencing some unprecedented times. But at the end of the day, the agent who innovates, replaces face-to-face meetings with video calls, does virtual open houses/property tours, adapts their lead-generation strategy, remains calm & acts as if this is business as normal is the agent who wins. The agent who stays at home, puts their business on the shelf, turns on Netflix and disappears, loses. The choice is yours. You can do this! Happy to answer any questions :) [link] [comments] |
| In a moral bind, what would you do? Posted: 18 Mar 2020 10:53 PM PDT I'm actually the seller. My realtor hired her daughter to provide staging consultation. I was impressed that she brought many pots of plants, hanging arts, and small items to scatter around my otherwise bare minimally furnished house. Her stuff did make it look nicer, and we kept the stuff there for the four weeks the house was being shown. We are now in contract. I have asked my buyer (communication is always through the two agents) whether they would like to buy my yard care tools, namely, lawn mower, trimmer, etc for Craigslist price. They replied that they want them and will write me a check. So, today, I asked my realtor to pass on the list (Honda lawn mower for $100, etc.), which totaled up $255. I'm pretty sure my realtor has not forwarded my response yet. Instead, I got an email from him asking if I could give his daughter my lawn mower because hers was junky and "what she brought you [i.e. me] was greatly helpful for our sale". I feel that I'm put in a moral bind right now. For one, my buyer already offered $100 to buy the lawn mower, and now they wouldn't get it because I gave it off to someone else. They did not abandon the sale despite the market turmoil, for which I feel grateful. I also feel that I'm put in a position that makes me an ungrateful unkind person if I say no to my realtor, who has worked hard alongside of me when we prepared the house for sale. I did appreciate his daughter's help. He paid for her consultation, but should I feel obligated to give up $100 to express that sincere appreciation? To be honest, I think I want to say , "okay, take the lawn mower" so that I do not come across cheap and ungrateful. But I find myself resenting being put in this position. I was actually already thinking maybe I should take him and his daughter out for dinner after closing to express my appreciation. I don't know how to respond. Just want to hear what others think. Edit: It's all good now. I did tell him that since the buyers know what's on my list, so I'm committed to pass everything to them. I'll find another way to express my appreciation for his daughter, which I did mean to do because I did not expect her to bring her personal belongings to help staging. Whether that was to help out her dad or me is not important. And he responded positively. :) [link] [comments] |
| Posted: 19 Mar 2020 12:08 AM PDT Been in the business 4 months. 1 lease deal. Countless buyers falling through, ghosting me or outright lying to me and wasting my time. One of my good friends that told me he would use me as his realtor ended up going with someone else because I "bugged" him. I've literally contacted him 3 times in the last 3 months, asking where he is with everything (mentally, pre approval, etc). How is that bugging at all? Contacted once a month for 3 months... I'm getting very frustrated. I work so much, hold at minimum 2 open houses every weekend (usually 4), I cold call, I work my SOI, I send hand written notes, I keep myself updated and practice all the skills an agent should have. And here's the thing..I get leads. But they NEVER pan out. More than half the time they ghost me. I still keep in contact, follow up, etc but holy fuck it's wearing on me. Don't even get me started on FSBO's. I had a meeting with my broker and told them everything I was doing, and they said I'm doing everything I should be and to "hang in there". I want to stay in the business. I really do enjoy it but how do you screen people? How do you stay sane with so many people viewing you as some asshole who opens doors? I always try to provide the best service I possibly can. I value others time, why can't they value mine? Any advice would be appreciated. [link] [comments] |
| Posted: 18 Mar 2020 07:58 PM PDT So, I am a realtor and me, my wife, and baby are moving to a new city that most likely has more opportunity long term, but short term IDK. We are set to close on our home we are living in April 3 and will be moving 3 hours from our current location. I will be in a brand new market selling real estate. I was already abrasive to move, but optimistic to work with the company I planned to & feel I can survive. However, with the chaos that has erupted, I am more lost than ever. My wife is adamant about moving, but the uncertainty of the state of the economy has me worried about working in a foreign market when I already have connections here. The pros outweighed the cons until coronovirus, now I don't know what the hell to do. We have a home under contract in the city we are moving to set to close April 15. Should I pull the plug or follow through with my plans? What is the smart move? [link] [comments] |
| Why would the listing agent lie about the offer deadline? Posted: 18 Mar 2020 03:26 PM PDT We were extremely interested in putting in a competitive offer in on a house. Our realtor talked to the listing agent (also a realtor) and got the deadline on submitting an offer. We even went by ourselves to the open house and talked to the listing agent and got the deadline in person from her. Now that it is the day of the deadline and we are going to submit our bid, apparently the deadline was last night and we are too late. I really don't understand if maybe they changed the deadline or fed us bad information and why? [link] [comments] |
| Queensland Realtors I need help Posted: 18 Mar 2020 09:13 PM PDT Hi All, I am currently studying to get my real estate certificate, but there are a couple of questions I am really stuck on, where I can't seem to find the answer anywhere. Would and QLD realtors be able to help me out a little, please? Thanks [link] [comments] |
| Posted: 18 Mar 2020 07:04 PM PDT Want to know if any of you agents out there, especially Re/Max agents were able to renegotiate your desk fees, if not completely eliminate it while maintaining a very high split? Would like to hear your stories. Thanks! [link] [comments] |
| What is a good realtor and how do I find one without any help from friends or family? Posted: 18 Mar 2020 06:06 PM PDT Im in the Manatee County area of Florida and I found some houses I like but I dont know what to look for in a realtor and I dont have anyone to ask word of mouth from. Any advice would be appreciated. [link] [comments] |
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