This article discusses the growing opportunities for real estate agents in short sales and profiles several top agents who have found success specializing in short sales. As the number of short sales is expected to increase 25% by the end of 2011, agents who obtain proper training and systems can capitalize on this emerging niche. The agents featured have found short sales to be rewarding work and recommend other agents get educated on the process and not be afraid to take it on. Specializing in short sales allows agents to help homeowners in need while building a profitable business.
Call Girls In Laxmi Nagar Delhi +91-8447779280! !Best Woman Seeking Man Escor...
KW Outfront Magazine Online Edition
1. A PUBLIC ATION OF K E LLE R W I LLI A M S R E A LTY, INC . FO U RTH QUARTER 2011, VOL .8 NO.4
landscape for 2012
SHORT SALES An inside look at agents riding the short sale wave and the new
opportunities coming soon from Keller Williams Realty. pg.6
Trent Chapman Matt Fetick Chris Farkas Jesse Herfel Ryan Overmyer
R E E D M O O R E O N H O W T O R E C O G N I Z E A N D H I R E T A L E N T .
2. 2 outfront Third Quar ter 2011 • vol. 8 no. 3 Keller Williams Realty
4. 4 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
5. THE TIME TO BEL1EVE IS NOW!
Dear Associates,
Our company’s success is rooted in our ability to
believe. We believe that Keller Williams Realty is built by
you and for you and that your brand matters most.
We trust in our value proposition and become the No. 1 real estate company unleash your potential, getting you into
in our dedication to building careers in North America. Make no mistake; production now. (See page 22 to read
worth having, businesses worth owning we understand this is a huge under – how it’s already changing businesses.)
and lives worth living. taking. We also know that there is no Profit sharing is the ultimate
We believe in these pillars, simply better time than now to seize every manifestation of our philosophy of
because they are true! opportunity. It is that unstoppable succeeding through others, and it is
Last February at our Family passion which brings us to our next an absolute promise we’ve made to
Reunion, we celebrated becoming the objective: to never have a single agent you. As of this December, we’ve shared
second-largest real estate company go backward. Simply put, your success $36 million with you! We know that
in the United States – an incredible is our goal. number is entirely possible because
accomplishment that is entirely yours. of your ingenuity, ambition and your
Now, as we look forward to 2012, we’re talent in your local markets. As you
ready for the next step. To put it into read through the pages of this issue,
perspective, let’s look at where we stand
"To use Gary Keller’s you’ll see what we mean.
in the competitive landscape. And by the way, let’s remember that
It thrills us to say that while other words, we know how our company’s entire belief system is
companies have gone down in size by centered on our extraordinary culture.
nearly half since 2005, Keller Williams fortunate we are to be We’ve said it before: we’d rather build
Realty has grown from 57,600 to a company of good citizens first, and
77,672 associates during the same standing on the shoulders then a company of top producers. We’re
time period – an increase of almost 35 lucky that our culture fosters both.
percent! To use Gary Keller’s words, You hold the future of our company
we know how fortunate we are to be
of giants. And those in your hands, and we are absolutely
standing on the shoulders of giants. thrilled to serve as stakeholders with
And those giants are you! giants are you!" you on our way to the top. We want
Our biggest asset as a company is that you to know that we’re going to
we are long-term thinkers. We set the continue believing in YOU. We trust
bar high, and while reaching the No. 1 Our focus has and always will be on that you’ll keep on believing in yourself
spot in our industry is absolutely our providing the very best education, and in Keller Williams Realty.
destiny, it’s about becoming the real training and coaching, so that you stay
estate company of choice for the long on a forward trajectory in your career
haul. and your life. This year, that includes
What this means for us is that our Ignite. Replacing CAMP 4:4:3, we
trajectory is clear and we are going know the contents of this amazing class Mark Willis, CEO,
to remain steadfast on our journey to will spark your career and absolutely Keller Williams Realty
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 5
6. kw teams REED MOORE | ANCHORAGE, ALASKA By Shelley Seale
Reed Moore: Mega Agent. Leader.
HOW HE FOCUSED ON OPPORTUNITES INSTEAD OF OBSTACLES TO BREAKTHROUGH
HIS PERSONAL CEILING OF ACHIEVEMENT.
The story is an all too common one. Driven by a business office manager. As his business has grown, he is resolute on
plan, an agent secures success on their own by focusing on securing a win-win for all parties, and the hiring process is
lead generation, negotiating contracts and closing deals. the moment to get it right.
Then one day, they wake up and realize they’re also juggling “The job I match them with has to be something they
paperwork, inputting listings, creating marketing materials, were created to do. They need to have a natural energy for
and handling the administrative work, all while trying to it or it will steal from their life and mine.” In other words, a
show homes and list more properties. bad hire will not only cost you money, it will also cost you
Despite the success, there’s just too much to do and the opportunity. And conversely, a good hire will actually save
ceiling of achievement starts to descend. you money and will not only make you money, but will also
Just a couple of years ago, the above scenario described create opportunities for you and your business.
Reed Moore, a once solo agent in Anchorage, Alaska. He Moore starts the hiring process by asking potential new
was prosperous, but wearing too many hats to sustain it. A team members about their dreams. If they compliment his,
husband and father to four children, he was doing five or six then there’s a probable match.
different jobs every day and was making compromises in his
life. THE PATH FORWARD
Something had to give. Moore is now in a position to build his business to the 6th
Level. He’s assembled a loyal team and is investing in those
THE BIG DIFFERENCE who are investing themselves in the business. He takes pride
Moore laughs when he reflects on his decision to join the in their team’s office environment which is conveniently and
Keller Williams Anchorage market center in 2009: “It was purposefully missing offices. “This stimulates the free flow
a huge ego-crusher, actually.” Moore was reaching a level of of ideas that I think are critical to the group’s cohesion,” he
success that others admired, but he admits that he was flying says. Their weekly meetings are full of affirmations and each
blind. “I was doing about $3 million each year, and yet I team member participates in weekly coaching and feedback.
didn’t know how much I could or should be making.” He Moore is teaching his team to lean on the tools and
decided to take action by attending every training session he resources that Keller Williams Realty makes available to help
could and soon realized that he didn’t need to reinvent the push them through slumps in the market. “Success is just on
wheel. “Keller Williams gave me all the tools and models the other side,” he believes. “Far more exists in our minds
and processes I needed to build a like-minded team and to slow us than truly exists in reality. Sometimes when we
continue my growth trajectory.” are on the verge of great opportunity, we contrive fictitious
With the help of Recruit-Select, Action Training, and situations that stall our success.” Indeed, difficult market
Leadership and Motivation (RSTLM™), Moore learned conditions are an opportunity to build character. “When the
how to effectively hire, train, develop and keep great talent. market takes off, we will fly even higher.”
Now he leads a high-performance team that consists of five His goal now? To be the No. 1 real estate team by volume
buyer agents, a listing partner, a virtual assistant and an in his region. kw
"... a good hire will actually save you money and create opportunity for your business."
– REED MOORE
6 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
7. JARED BJERKESTRAND ANNIE BJERKESTRAND MICHAEL KING KRISTIN VAN WIE SABRA GILLILAND REED MOORE CHRISTINA LIEN
REED MOORE’S TIPS FOR FORMING A GREAT TEAM:
1 2 3 4
Follow Ask people that you
trust – past clients,
Believe in yourself
enough to get the
Read The Five
Dysfunctions of a
the MREA agents, influential
businesspeople – to
very best. Go for
someone who is
Team by Patrick
Lencioni.
models. point you to potential great; you never
team members. Tell know their situation.
them that you are
looking for talent.
AVOID
Like everything else in this Get attached to the process,
THESE TWO
HIRING 1 business, follow the models. If you
are not in a win-win relationship, 2 not the individual. Ask yourself
if they help you get where you
MISTAKES! did you veer from the models? want to go.
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 7
8. kw cover story By Ashlea Miller
landscape
for 2012
SHORT SALES
"GET READY, GET AWARE, TAKE ACTION!"
RYAN OVERMYER MATT FETICK CHRIS FARKAS JESSSE HERFEL TRENT CHAPMAN
ANN ARBOR, MICH. PHILADELPHIA, PA. BELLINGHAM, WASH. MESA-GILBERT, ARIZ. SAN DIEGO, CALIF.
8 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
9. When Matt Fetick, associate with the Brandywine market Anthony Azar, operating principal of two Arizona
center, saw short sale transactions erupting on the home market centers and president of Keller Williams Realty
front 18 months ago, he ran right toward it. International’s Strategic Alliances division, sees firsthand
At the time, while most agents in his market shied away the weight a designation has in whether banks choose to
from the unfamiliar deals, he saw a new niche emerging work with one agent over another. “What we’ve found in
for his business. Determined to capitalize on it, he enrolled all of our discussions is that banks rely on designations like
in short sale-specific Keller Williams courses, pursued top Five Star, CDPE and PartnerFirst as a method of measuring
agents in the field for advice and quickly became the leading whether the agent is among the most professional,
short sale real estate agent in the greater Philadelphia area. responsive and effective real estate professionals in the
“My goal is to become the short sale king of industry. Keller Williams Realty supports those designations
Philadelphia,” says Fetick, a former police officer who and is actively working to strengthen those relationships
entered the real estate business in 2005. and bring added value to associates.”
Something seems to be working. In just a year, he’s helped Herfel, who has been specializing in distressed properties
nearly 40 homeowners avoid foreclosure and sell their home since his first short sale in 2000, says it doesn’t have to be as
through a short sale. difficult as people make it out to be.
This scenario is playing out all across the United States. Still, Fetick says, agents are hesitant to approach the niche
And the number of short sales will likely rise as more because of their lack of training and fear of the process
and more homeowners turn to them as an alternative to itself. The truth is most real estate professionals already
a foreclosure. In fact, according to CoreLogic, a leading have the necessary skills to secure a short sale listing. Most
provider of financial, property and consumer information, agents simply need training on completing the short sale
short sales will have increased by 25 percent by the end of transaction. Like any new endeavor, “you need to own it
2011. and understand it,” Fetick emphasizes.
And while the short sale process presents unique
challenges for everyone involved, the agents who specialize GET ORGANIZED
in the practice say the transactions are equally rewarding. Once primed on the short sale process, successful agents
“In a short sale, sellers are so thankful for the help, and recommend implementing systems to stay organized, save
they tend to listen to your expertise and take your advice,” time and generate business, regardless of team size.
says Fetick. “They don’t second-guess you. They really Ann Arbor market center-based agent Ryan Overmyer,
respect your professional opinion.” for instance, is on track to close up to 110 short sales this
Banks, who incur a lot of additional expenses when they year, and is doing it with a team of three.
foreclose, benefit too. So, a reasonable short sale is almost “There are teams in my area that are six, seven people
always going to net them more money which gives agents strong that do less short sale-specific transactions,” says
another opportunity to position themseleves as experts. Overmyer, 32, who got into real estate five years ago and
Here, five Keller Williams short sale specialists talk has built his career by specializing in short sales.
about the opportunity to offer much-needed assistance, He attributes this volume to three key steps in his process:
gain much-needed income, and reveal a few lessons they’ve 1. Pre-qualifying homeowners with the utmost vigilance:
learned along the way. “Without the pre-qualification component, we’d face a lot
more challenges in the process;”
HIT THE GROUND RUNNING 2. Conducting appointments in the office rather than in
As with any new venture, understanding the scope, what’s clients’ homes: “This is my biggest time-saver;” and
at stake, as well as the process is paramount: all of which 3. Aligning himself with an attorney rather than a third-
requires the right combination of education, training and party negotiator: “There’s no possible way I could
specialty designations. negotiate hundreds of short sales on my own.”
Jesse Herfel of Integrity First Realty in Mesa-Gilbert, Another must: requiring all qualifying documents up
Ariz., strongly encourages agents to invest in specialty front – no exceptions – before listing a home.
designations that teach agents the ins and outs of the short Chris Farkas, who has worked in real estate investing,
sale process. “ renovations, construction and development in the
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 9
10. kw cover story
Bellingham, Wash., area for 19 years does the same. "That helped open new doors to potential clients.
way, I’m not chasing them down for information that Chapman, for instance, appears on an a.m. radio
might be time-sensitive.” She also emphasizes the benefits program each Saturday morning in San Diego County
of conducting the face-to-face meeting in the office. to discuss real estate. “I’ve been doing it for so long now
“It takes the emotion out of the equation and helps that when people hear me on the radio, they see me as a
people think more clearly than they might if they’re sitting trusted voice,” he says.
in their living room,” she says.
Once the listing is secured, Herfel, Overmyer and Farkas CLEAR THE HURDLES
all encourage active use of a short sale-specific software Knowing where the biggest challenges lie – and how
system such as Equator or Short Sale Commander to keep to overcome them – will help agents and clients breeze
track of the status of the transaction, communicate with all through the process.
parties and organize the documents needed by lenders to “I used to have more hurdles than I do now,” says Farkas.
close the deal. “If I thoroughly educate my clients from day one, I have a
lot less challenges than I used to.”
LEAD THE WAY Client education includes guiding them through sticky
Every agent knows the power of a referral, and for situations with lenders, so the group suggests becoming an
many short sale specialists, referrals from agents who expert on bank negotiations.
are unfamiliar with the short sale process are a primary “The trust between banks and the homeowner improves
means of securing ongoing business. Trent Chapman, when the agent has experience,” adds Chapman. Which
began tapping into the short sale market in California’s makes the relationship between the bank and the agent all
Escondido/North County market center in 2007. At least the more important. Indeed, working with the bank often
five other agents currently hand off their short sales to him, requires agents to escalate approvals on behalf of their
Chapman says. clients. To do this, Chapman advises agents to “find out
And he’s not alone. who has the authority and power to say ‘yes’ within the
Agent referrals comprise 50 percent of Farkas’ business bank. The key is knowing how to get to the right person
too. “That’s what starts to happen when you specialize in instead of dealing with the negotiator only.”
short sales,” she says. “You get business from other agents Farkas counteracts the bank problem entirely with what
who know their clients need professional assistance.” she considers to be her biggest setback: the valuation
Fetick taps into other referral pools as well, such as process.
bankruptcy and divorce attorneys. He recently started “Disputing the value is very difficult, especially if you’re
educating attorneys about the short not working with a good value and you can’t convince the
sale process during lunch- bank otherwise.”
and-learn seminars, with the Her advice? Entrench yourself in the valuation process.
hope that they’ll refer their Meet with appraisers at the home to offer information they
legal clients back to him. might not otherwise have had.
An Internet strategy Herfel adds this tip: To get the bank to accept the value,
that includes pay-per-click start by listing your price based on current comps in the
advertising and regular area. Then, reduce the listing price by 5 percent every two
blogging also drives traffic weeks until you have enough proof that the price isn’t
to many of their websites, taking hold. “This should give you enough leverage to go
while actively positioning to the bank and say, ‘Look, the market rejected us at this
them as experts who can help price, and then this price….’” he explains.
homeowners out of a possible Overall, Fetick offers a more subtle, strategic approach to
foreclosure. In fact, sharing any pitfall you encounter: “Decide when to fight a battle,”
what they know through he says. “It’s all about the finesse of the deal.” kw
different media channels has
10 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
11. we asked
RYAN OVERMYER!
What does a listing "The listing presentation is a two-step
presentation with a distressed process. First we do an initial over-the-
homeowner sound like? phone qualification. If the projected terms are
acceptable to the borrower(s) we then schedule
an in-office appointment with borrower(s) for a
final review and to sign documents. I have them sign
anything and everything we could ever need. We also
schedule a convenient time for the photographer to visit their home.
By the end of the initial call sellers feel so comfortable, even after such a short conversation, because
I’m usually able to tell them what the exact terms and/or outcomes of their short sale will likely be. I’m
able to do this because I speak with so many banks so often. Also be prepared to field questions about
credit, a timeline and their individual financial circumstances.
Script: Initial Over-the-Phone Pre-qualification
Seller: I’m interested in receiving more information on how a short sale might be a good option for me.
Agent: Cer tainly. Would it be OK if I asked you a few quick questions that will help me answer your questions a little more accurately?
What do you think your home is currently worth? Deal Breaker for Overmyer: An anticipated sales price of under $100K.
How would you rate your home’s current physical condition? Deal Breaker for Overmyer: Poor condition.
Who is/are your What are the estimated How many borrowers Are you currently up-to-date or
lien holder(s)? mortgage balances? are on the loan(s)? behind on mortgage payments?
(Note: Give them the most probable outcome of the sale based on their answers to these questions. For this
script, we’ll assume there is one borrower with one Major Bank mortgage loan.)
Agent: OK, thank you! Now, let me give you the “cliff notes version” of how the short sale process would most likely go for you.
Please keep in mind that the results of your short sale are incredibly bank specific! If you had a lien holder other than Major Bank
Mortgage – we’d project a very different outcome.
1 First, we’ll place your home on the market – 4 After we’ve finished assembling your shor t
sale package – we’ll submit it to your bank and
listed at market value.
begin the negotiation process.
2 Then, we’ll obtain a purchaser and a market 5 Since your loan is with Major Bank, here are
value offer for your home. the terms we’d expect to receive.*
3 Then, we’ll lock that purchaser in place and assemble your
6 Do these anticipated terms sound
shor t sale package. Your lien holder will require various acceptable to you?
financial documents – and we’ll email you a checklist of these
required documents prior to getting off the phone today.
*Bank terms trend quickly. So it’s important that you are giving clients accurate information. If you’re unsure about the probable outcome of the short
sale – consult with another short sale expert or wait to offer the expected outcomes until you have reliable information to back up your predictions.
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 11
13. of thousands of homeowners on the verge of foreclosure. Qualified
Keller Williams associates can log on to MyKW and update their
information so that the Keller Williams Realty International Support
Center, and by extension our national banking/servicer relationships
are aware that our associates are ready, willing, and most importantly,
able to assist borrowers in need of their unique capabilities. To learn
more about how to become qualified for this program, visit (http://bit.
ly/vK5pS8)
The second scenario puts action in the hands of the agent. Again, the
servicer communicates with pre-screened borrowers to inform them of
the short sale option and provides the name and contact information
of an agent in their area who can help them. The servicer will then
directly, or through a platform, advise agents of that borrowers’
willingness to engage in dialogue and are given the borrower’s contact
information. Agents participating in the program are responsible for
reaching out to the customer in a timely manner. The banks will then
determine their level of interest in proceeding with the short sale based
on the performance and, if all goes well, the right parties are in contact
to achieve one similar goal: close on the short sale.
Keller Williams Realty fully supports both models and is currently
working with large servicers to open the opportunities up to our
qualified short sale agents including at lead-routing model built into
the Keller Williams eEdge system. Short sales are here to stay for the
next several years. As a company, we must be prepared to serve our
clients while mending our economy – it’s time to take action. kw
YOUR NEXT STEPS
1. If you have not already, obtain reputable and recognized short sale
certifications such as Five Star or PartnerFirst.
2. Download short sale specific Keller Williams University courses at
(http://kwu.kw.com/kwu/distressedproperties).
3. Watch short sale-specific videos on KWConnect
(http://bit.ly/kwconnectshortsale).
4. Attend all local and national training opportunities
5. Update your KW.com profile to include your designations.
6. Apply to be a part of the Keller Williams Distressed Property
Community.
7. Apply to be a part of the CitiMortgage Help for Homeowners
Direct Mail Program. (apps.kw.com/shortsale)
MCAs: Create a Short Sale Referral Engine
Make sure your market center
is sending short sale referral
transactions to the right agents!
Step 1: Educate agents on taking the time to indicate the type of
transaction as a short sale on their Greensheets.
Step 2: Mark the transaction as a short sale on the Disbursement
Authorization (DA) in your market center’s WinMORE System.
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 13
14. kw technology D A V E S A C H K O | O N TA R I O, C A N A D A By Jennifer LeClaire
Southeast Ontario’s
"Pay-Per-Click Guy"
Doubles Business
The pay-per-click guy. That’s how Dave Sachko describes himself.
An agent at the Whitby, Ontario market center, Sachko is generating
massive Internet leads. In fact, over the past two years he has more than
doubled his business by mastering pay-per-click online advertising.
Consider the metrics: Sachko is getting 350 legitimate registrations
on his website every month. That means 350 people are sharing their
phone number or email address with his team in hopes of finding their
dream home. And it’s translating into closings. All registrants indicate in
the online form the location and price range of their desired home,
a well as how far along they are in the home buying process. Dave Sachko
Of the 165 transactions Sachko closed in 2010, 90 came
from pay-per-click advertising on search engines. Another
60 closings came from referrals and past clients, and the
remaining 14 are credited to open houses.
“I pay a company to run Google AdWords campaigns for my
trade area,” says Sachko, as he prepares to head out to his 100th
listing appointment on day 247 of 2011. “When a prospect
registers for more information, an automatic email immediately
goes out to thank them for contacting us. Then we pick up
the phone and call them.”
Of course, that phone call doesn’t always turn into an
immediate listing. Sachko understands that many people
begin searching for a home a year before they are actually
ready to buy. In fact, some research shows they begin
searching up to 18 months before deciding to buy.
But he also knows that getting home shoppers in the
pipeline is the first step toward closing a sale. And a
good percentage of his Internet-generated leads are
ready to buy now.
“Our goal is to retain the lead over time through
follow-up phone calls, so when they are ready to
buy we are right there waiting for them,” Sachko
says. “But it’s critical that we respond to each lead
as quickly as possible because some visitors have
Start your own pay-per-click ad campaign
Create an Ad. At the bottom of each search engine Pick Your Keywords. Next you’ll be cued to bid on
homepage, you’ll find links to its ad programs. If you already the keywords you’d like your ad to appear in.You
Step 1:
Step 2:
have a Yahoo, MSN, or Google account, you’ll just log in and might start by selecting the same long-tail search
get started. Otherwise, you’ll need to sign up. The first thing terms from your blog or website. Once you’ve
you’ll do is set up the ad itself which involves choosing a few selected your keywords, you’ll be asked to set your
keywords to state your value proposition. maximum cost per click and daily budget.
14 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
16. kw lead generation Q&A
What Happens to
Internet Leads?
YOU CAN’T EXPECT TO MEET TODAY’S CHALLENGES WITH YESTERDAY’S
TOOLS AND EXPECT TO BE IN BUSINESS TOMORROW.
By Gary Keller, Chairman of the Board, Keller Williams Realty International,
with Kristian Peter & Carissa Acker
Research shows that consumers start looking at homes online up to 18 months before they decide to buy. Contrary
to popular belief, “Internet consumers” don’t really exist. Actually, all of our customers are Internet consumers and
having a web strategy has become as much a part of our daily work as calling or getting into a car to meet a client.
The good news is a lot of agents have figured out how to get consumers to their website. Where most struggle
is in failing to successfully follow up with these leads and convert them to an appointment. A recent study by MIT
and LeadResponseManagement.org found that calling a lead within the first five minutes is imperative. In fact, they
discovered that the odds of qualifying a lead is four times higher if you call within the first five minutes. If that’s
not enough to get you calling quickly, waiting to call within 10 to 30 minutes decreases your chance of converting
the lead by 21 times!
Recently, I had the pleasure of talking with Kristian Peter, a top-producing agent with the Escondido/North
County (Calif.) market center, and Carissa Acker, another top-producing agent in our Denton (Texas) market
center, about their lead capture and follow-up strategies.
We dove into their strategies to answer the question … what happens to Internet leads? Here’s an excerpt from
the conversation.
GK Gary Keller: Give me a snapshot of your business Kristian: On a monthly basis, we get about 2,000.
and tell me what you do with Internet leads. KP All the buyer leads come in from the web through
email, so we have a full-time buyer coordinator who
Kristian Peter: Right now we’ve got about 110 intercepts them, tracks them based on the source and
KP listings, so we generate an awful lot of buyer calls then puts them into the database. Once the leads are in
and web leads that come directly from our website the database, one of our 11 buyer agents is assigned a lead
and third-party sites. I have a little bit different opinion based on geography. They will then follow up with the
on the way that we generate leads off of our websites. lead.
I let the buyers come in and search until their heart’s
content. They don’t need to register for anything. As soon GK Gary: So 2,000 leads is about 500 per week.
as they’ve found a property that they want to take a look Between 11 people that’s 50 web leads. How do
at, or they want more information on, they’ll request your buyer agents get in touch with them?
it. They can at any time create a registration and log-in
information on their saved searches, but we don’t require KP Kristian: Typically by phone or email. About 90
them to do that. I’ve found that if you let them take care percent of our leads don’t put in a phone number,
of everything the way they want, then they kind of pre- so our buyer agents are usually emailing them
qualify themselves. consistently for six months or until they respond through
our follow-up action plans in our CRM. We convert
Gary: I got ya. Let me ask you a basic question: around 2 percent of our web leads and 10 percent if they
GK How many Internet leads do you actually generate call us directly.
on a, let’s say, monthly basis?
GK Gary: Got it! Carissa – tell me how your
16 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
17. organization is set up to handle Internet leads that
come in.
Carissa Acker: Right now we have about 75
CA listings. Our main source of web-generated Consumer Searches
leads comes from our BoomTown website, For your site to be successful you must
which is our real estate marketing platform and have a strong lead generation plan that
branded website. When a consumer starts to search pulls, pushes and leads people to it.
for properties, the site lets them see the first property This is based on your offline marketing,
listing detail. The second property is where the lead online search engine marketing or
capture form appears requesting their information. online related sites marketing.
And we’re getting pretty good phone numbers
– between 30 and 40 percent. Then the system
automatically assigns the leads out.
Lead Capture!
GK Gary: What do you mean, assigns them? Use one of the four lead capture
strategies. Up-Front, Pre-Results,
Carissa: We have our three buyer agents on Limited Results, Open Search with
CA a two-to-one rotation. So, it automatically Drip. Read Tactic No.6, Catch People
sends out approximately 100 leads a month in Your Web in SHIFT: How Top Real
to each buyer agent. Once we have those Estate Agents Tackle Tough Times.
leads in our system, we initiate a modified version
of Ben Kinney’s “Ten Days of Pain” for our different
categories which include “New to Qualify,” “Hot,”
and “Nurture and Watch.” But we’re finding that Call them!
we’re getting so many leads that we’re going to have Studies show that the odds of
to hire someone who can do a drip system all day qualifying a lead is four times
long so that our buyer agents can focus on calling higher if you call within the first five
people. minutes. Don’t worry if they are still
on your site – evidence shows that
Gary: So what’s the conversion rate you’re
GK experiencing?
can increase your odds as well.
Carissa: We’re probably at about 3 to 4
CA percent. It could be more, though right now Drip Campaign
we’re trying to figure out how to structure Whether you convert the lead or not,
our team to manage all the leads coming in. This put them on a drip campaign. This can
is the start of our sixth month using the BoomTown be passive such as search-saver with
web platform, and you’re right when you said that email, active such as an 8 x 8 or 33
people get so many leads that they’re just inundated – Touch program through the KW eEdge
and that’s basically what happened. system or Interactive which would involve
specific ongoing follow-up through calls
Gary: There is a way to combat that and and emails.
GK it’s based entirely on the Organizational
Model outlined in The Millionaire Real
Estate Agent. And that is to take the very best MREA Team Model
and say, “You’re the buyer specialist. And all leads When you become overwhelmed
are coming to you.” And “Oh, by the way, you’re with Internet Leads and conversion
going to call them, and you’re going to talk to them. rate dips below 2 percent, it’s time
And you’re going to set appointments, meet with to hire staff.
them and qualify them. And then you’re going to
send them out with showing assistants.” And that
buyer specialist is going to have at least one personal
assistant if not two who may also be transaction Agent Mountain
coordinators. Now you’re able to work the Internet To hear the entire conversation
leads and convert them to consistently do 15 to 20 on Internet Lead Conversion and
transactions in a month. employing the MREA Organizational
Model to support it, visit (http://bit.
Hear the full conversation on Agent Mountain ly/InternetLeads).
(http://bit.ly/InternetLeads).
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 17
18. kw video E R I C L A V E Y | H O L LY W O O D, C A L I F O R N I A By Shelley Seale
The making of real estate’s most
talked about listing video
A BEHIND-THE-SCENES LOOK AT THE OSCAR-WORTHY SHORT FILM PRODUCED BY
KELLER WILLIAMS AGENT, ERIC LAVEY
A well-dressed, attractive man pulls his Lexus up to a hip more excited to make that commitment and pull the
mid-century house in the Hollywood Hills. After freshening trigger.”
up, mixing a martini in his high-tech kitchen and making a Lavey’s lifestyle films for the homes he represents
few phone calls, he heads back out to some hip Hollywood demonstrate the first rule of sales: don’t sell the features, sell
nightspots. When his car rolls back into the driveway later the benefits. It’s not about the design, the high-tech gadgets
that night, the passenger door opens and … fades to black. or the gourmet kitchen – it’s all about what sort of lifestyle
Is it an MTV music video? No, it’s the marketing film for the buyer will have in that house, and his or her ability to
Eric Lavey’s recent listing at 6816 Pacific View Drive. And it envision a life there.
garnered a buyer within 30 days. “There are tons of homes for sale, and there are even a
The clip is a smooth, professional production befitting of few other videos out there,” Lavey says. “But those videos
the Hollywood location, and it doesn’t look anything like a are usually an agent with a portable digital video camera
typical real estate listing video. Lavey, who is with the Keller droning on about the stainless steel appliances.” And while
Williams Beverly Hills market center, calls it a “lifestyle it's a quick-and-easy way to get videos online, a better
film.” strategy is to actually focus on how the family will gather
“The same person who purchases a Mercedes, BMW or around the kitchen island and cook together. “That’s an
Audi, plans a two-week cruise aboard a 6-star yacht, or even experiential sell.”
buys an iPad is already accustomed – even expecting – this Lavey believes that clients should expect this type
type of showcase,” he says. “And it has always surprised of service and creativity, not just view it as an add-on.
me that the most important purchase they will ever make Particularly in his marketplace, where sellers usually pay 6
– their home – just has a generic MLS sheet and maybe a percent in commissions, they deserve the very best chance
boring brochure. There seemed to be a massive void there.” to accomplish the goal of the highest price in the shortest
As a consumer himself, Lavey loves to see the product amount of time.
in action, especially when it comes to higher involvement That’s exactly what the Pacific View Drive video did. The
purchases. “I get a clear and easy sense of how the product clip quickly went viral, thanks to the power of social media,
will live and operate in my lifestyle. It just gets me even appearing on AOL and eventually racking up nearly 10,000
18 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
19. Watch the vide
o: http://bit.l y/ericlavey
hits – including the eventual buyer, who went into escrow
within 30 days. Lavey says that is about one-third the
average days on market for the neighborhood.
“The important thing to remember is that the video is
only a component that complements the entire marketing
plan,” Lavey advises. “That includes proper staging, true
magazine-quality photography, spectacular and simple
property-specific websites – and the video. And all of that
is before a flawless launch of the property. The video is for
potential buyers to either watch at home (anywhere in the
world) before they see the house, or to get them excited
about it all over again after they’ve toured the home.
It’s another exciting ‘take-away’ for the buyer, a virtual
brochure.”
Lavey estimates that such videos cost between $3,000
and $5,000 to produce, but he leveraged creative methods.
He borrowed the car and found young, ambitious up-and- LIGHTS, CAMERA –
coming talent who needed their own demo reels. He chose TRANSACTION!
this particular listing because he felt it was the perfect A video play-by-play
house, a sexy and modern place that would show very well with Eric Lavey
on film. He plans to do similar videos for other listings, and
is currently working on one for a stunning, multi-million- • A young, well-dressed
dollar property in the Los Feliz area. businessman pulls into his
“Each listing is different and each has a carefully crafted private, gated home. You never
plan that fits the property just right. It's not just about get a great glimpse of his face,
spending the most amount of money; it’s about the quality yet you know that this must ERIC LAVEY
and effectiveness. Every one of my clients receives the be his home.
highest level of creativity in their marketing plan.” • The film cuts to a completely remodeled
And what tips does he have for agents who are thinking Hollywood Hills living room and kitchen
about creating similar lifestyle films for their listings? “The where the viewer imagines coming home
key is concept and quality. The high quality will get them to every day or entertaining friends on the
for the first few seconds. The clear, simple and attractive weekend.
concept will hold them there till the end.” • The actor pours himself a martini and
He reiterates that agents should test with the experiential then walks out onto his back patio to enjoy
video-marketing approach. “Take yourself out of the a relaxing cocktail after a day of work.
video, take time to stage the home properly first and most Later, after a few strategically placed shots
importantly, create the whole video to represent a lifestyle of the three bedrooms, the businessman
that the buyer can see himself or herself in.” kw heads back out on the town.
“Each listing is different and each has a carefully crafted plan that fits the
property just right. It's not just about spending the most amount of money; it’s
about the quality and effectiveness."
– ERIC LAVEY
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 19
20. kw on fire!
SPARK
YOUR
BUSINESS
WITH
IGNITE
More than 400 Keller
Williams market centers
participate in the launch!
It’s practical. It’s realistic. It’s easy to apply.
Ignite, Keller Williams University’s newest
course, launched on Oct. 24, 2011, and as the
excitement ensued, agents across the United
States and Canada also got busy getting leads,
working their business, tracking results and
servicing buyers and sellers from the appointment
all the way to the close.
20 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
21. “Following the outlined steps is easy."
“Ignite gets me to the foundation of my business: prospecting and lead generating."
“The exercises forced me into action."
“I got a lead the day after applying eEdge touch campaigns to my database!"
“I like the format – actually DOING the work in class."
"I came out of this class realizing that lead generation is my No. 1 focus, and that
shift was worth every minute.”
Ignite hits market centers across North America again in January 2012.
Talk to your team leader or visit (http://kwu.kw.com/kwu/ignite).
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 21
22. kw leverage C AT H Y M A N C H E S T E R | P O R T L A N D, M A I N E By Jennifer LeClaire
How do you know when
to hire someone?
CATHY MANCHESTER ON THE RISKS OF EMPLOYING THE WRONG STAFF, FINDING THE RIGHT
TALENT AND PUTTING SYSTEMS INTO PLACE TO MAKE IT ALL WORK.
You may have heard the saying, “teamwork makes the dream for themselves. Through those experiences, I learned that
work.” Cathy Manchester is living proof that real estate you have to hire the right person for the right reason or
dreams come true when you build the right team. you will just become a training ground for other agents.”
Manchester runs a mega agent team in the Greater A concept taught in Mega Recruit-Select, Action Training,
Portland, Maine market center, where she is a top-producing Leadership and Motivation for Agents (RSTLM™).
agent and part owner. The residential real estate veteran Manchester also learned the hard way that she has to
consistently sells 80 to 100 homes a year. And she’s one of inspect what she expects. In other words, you can’t hire
the top four teams in all of the New England Region. someone, give them a desk, hand them an assignment and
expect them to do the job the way you’d do it. You have to
A LESSON IN LEVERAGE train newcomers to meet your expectations and then inspect
Manchester’s dream is working because her team of three the finished work to see if it’s being done the way you want
buyer agents and three administrative staffers. Though it done.
they've been together for eight years, her first attempt at “Early on, I made the mistake of hiring people just like
leverage came in the early days of her career at Coldwell me. That’s not what you want to do,” Manchester says. “You
Banker.
“I hired a part-time administrator when I was selling
about 100 units a year. I just couldn’t get it all done –
and that was when real estate was much simpler,” recalls
Manchester, who was the first female police chief in Maine
before building her real estate career. “When you sell 85 to
100 units a year, there’s not enough hours in the day to do it
all yourself and have a quality life.”
When Manchester joined Keller Williams in 2003, she
learned how to get leverage in her growing real estate
business through systems and people. Since she had more
leads than she could handle, she hired an administrator
before bringing a buyer agent on board. That strategy freed
her up to follow up on more leads and close more deals. Yet
there was still a learning curve.
“My first hire was the wrong profile. I had no idea how to
recruit and hire people. I’ve made some mistakes – I grew
too quickly at first and didn’t build the business the right
way. I didn’t implement the correct systems,” Manchester
recalls. “I also lost plenty of agents who went out to work CATHY MANCHESTER
22 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
23. want to hire people who have the strongest skills for GROWING THROUGH PEOPLE
the job you need to get done. You have to hire the right A humble Manchester is the first to admit that she’s still
profile. And that’s not always going to be your profile.” learning – she continues attending Family Reunion, Mega
Camp, and other Keller Williams events – and she’s actively
EFFECTIVE DELEGATING adding team members to seize what she views as new
Ultimately, she says it’s all about systems. She credits strategic opportunities in the Maine real estate market.
The Millionaire Real Estate Agent and the Mega Agent After selling 86 homes in 2010 and aiming for 100 in 2011,
mastermind groups with helping her discover and Manchester plans to sell 200 units in 2012. That’s double
implement the systems it takes to build and maintain a her current production.
strong team. Now, she’s teaching those systems to others “I am making big changes in the way I am marketing
so that she can keep her well-oiled machine hitting on my team. My 20 percent will become lead generation,”
all cylinders. Manchester says. Working with two business coaches and
Manchester has developed master lists that outline her utilizing the Internet Marketing Specialist Designation
systems. She has a list for how to list a home, how to (IMSD) models are the means that will propel her team
run an open house, how to put a house under contract, to the 200 units. “The educational opportunities and role
how to deal with a price reduction – in other words, models we have available to us at Keller Williams make it
every piece of the transaction puzzle is documented and easy to succeed!” she says. kw
outlined in detail. The goal is to make it possible for
anyone sitting behind the desk to handle the task – true
Watch the video on the Keller Williams
teamwork. YouTube channel: http://bit.ly/OrgModel
When a client calls to sell a property, for example,
they make contact with Manchester as the listing agent.
But she soon exits the picture. The seller moves on
to work with an assistant who helps stage the home
and administrative staff to launch an open house.
Manchester’s mantra: clients don’t expect you to do all
the work. They expect you to have systems in place to
get the work done with excellence.
“When you go to the dentist, a receptionist greets you
and a hygienist cleans your teeth. The dentist comes in
later to take a look,” Manchester says. “Real estate is a
specialty business. I can’t take the best photographs and
I couldn’t enter a property on the Internet if my life
depended on it. That’s why I have a team.”
"Clients don’t expect you to do
all the work. They expect you to
have systems in place to get the
work done with excellence."
– C AT H Y M A N C H E S T E R
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 23
24. kw social media
4 tools to maximize
your social influence
Maximizing your social influence doesn’t have to take a lot of time or money. In fact, spending 20
minutes a day tweeting, facebooking and monitoring your friend feed is all you need to keep the
conversation going. Here’s a quick rundown of a few popular social media management tools that can
help you build more buzz in minimal time and for less buck.
SPROUTSOCIAL HOOTSUITE
What it does: Integrates with major social networks Claim to fame: Schedule future posts and display
where consumers are engaging with businesses and statistics for your status updates. Manage multiple
brands. contributors and share data access without sharing
Price: Pricing starts at $9/month for up to 10 social passwords.
profiles. $39/month for 20 profiles, and goes up from Price: Free
there. Best for: Getting your status updates out at peak
Best for: Individual agents looking for a slick interface, times of the day and monitoring analytics to tweak
scheduling, reporting and tracking engagement to overall social media strategy. Great for teams with
grow influence. multiple members posting.
ACTIONLY TWEETDECK
What it does: Monitors what people are saying about What it does: Allows users to monitor and
your brand or industry terms on various social media manage what’s happening across multiple social
channels based on keywords over a period of time. networking sites such as Twitter, Facebook, LinkedIn
Price: Free plan for one search. Then it jumps to $50/ and foursquare all in one powerful and flexible
month for the premium plan and up from there. custom-based dashboard.
Best for: Agents with well-established brand presence Price: Free
who want to view what people are saying about them Best for: Viewing and managing multiple Twitter
and grow their influence across social media channels. feeds, searches and mentions.
For more on maximizing your
social influence, check out MAPS
Tech Coaching at:
(http://bit.ly/MAPSTechCoaching)
24 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
26. kw craigslist L O R I B A L L E N | L A S V E G A S , N E V. By Shelley Seale
9 basic but powerful Craigslist
tips to drive traffic to your
eEdge website /
AS THE POPULARITY OF CRAIGSLIST GROWS, SO DOES THE NUMBER OF AGENTS ADDING
THE FREE ONLINE CLASSIFIED SITE TO THEIR MARKETING MIX.
Lori Ballen, associate with the Las Vegas
market center, uses Craigslist and her
eEdge website as part of her Internet
lead generation strategy. Through Keller
Williams training and good testing,
Ballen, who recently appeared onstage at
Mega Technology Camp, has acquired a
number of tools under her belt and a few
secrets up her sleeves. Here she shares
her nine basic but powerful Craigslist
tips.
1 2 3
////////////////////////////////////////////////////// ////////////////////////////////////////////////////// ////////////////////////////////////////////////////// /
ADD YOUR PHONE NUMBER USE THE RIGHT PICTURE TIME YOUR POSTING RIGHT
Although links are great for lead Craigslist buyers see garage doors all The only way you’re going to know
capture, a phone call is always day. Show them something different, the best time to post in your local
better. The more serious buyers like the kitchen, a very impressive market is to test.
tend to call right away. bathroom, the Master bedroom or
the pool. Your click-throughs will Post throughout
How to do it:
If you aren't increase just by doing this one thing. the day at
How to do it:
using a different times. For example, if you
template design that includes How to do it: When creating have 12 ads to post in one day, you
your logo and phone; instead use your ad, click on might post three ads at 9 a.m., three
an image. A very clear and legible the "Add/Edit Images" and insert your at lunch, three at 3 p.m. and the final
photo of your yard sign is a good best pictures into the post. If you’re three at 7 p.m. Log the times of the
solution. When setting up your ad, using a service that pulls from the MLS, day when you get the most click to
browse for the image and add it in. make the first image you upload into it, your Website and repeat!
the one you want to use in your ad.
26 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty
27. "I've never seen a website capture leads like the eEdge system does."
4 5 6
////////////////////////////////////////////////////// ////////////////////////////////////////////////////// //////////////////////////////////////////////////////
GET FOUND ON GOOGLE CREATE SEO-FRIENDLY STAND OUT FROM
“AD COMPLETION” THE CROWD
Search engines like Google scan the
title of your ad. If your title is keyword COPY WITH LINKS Craigslist buyers are disqualifying
friendly, it's likely to get indexed and homes, so when you post “$125,000
found by buyers. Simply translated, create at least a dozen one-bedroom shack” and they are
variations of text and a link back to a really looking for a “$325,000 three-
Use niche or long-tail specific page on your eEdge Website bedroom beauty,” you lose the click
How to do it: to make each ad different and to offer
keywords: and the opportunity to show them
• Use the type of community: “Las another incentive to buyers. that you have other properties to
Vegas Golf Course Homes for Sale” meet their needs.
• Use specific neighborhood names: To make your SEO-
How to do it:
“Home for Sale in Desert Shores” friendly text show up Type titles in word
hyperlinked, copy and paste HTML code How to do it:
• Use features: “Single Story Homes for and add symbols,
Sale in Las Vegas with Pools” when you go to create your ad. A simple then copy and paste them directly into
• Allude to financing: “Approved Las HTML editor such as Blogger will generate your Craigslist title. Here are a few
Vegas Short Sale for Sale” HTML code for you. Type in your text and examples:
• Name nearby schools: “Homes for link it to your website, or specific webpage.
Sale Near Palo Verde High School” Next, click on the “HTML” or “Source” HEADLINE
button to copy and paste the HTML code.
HEADLINE
7 8 9
////////////////////////////////////////////////////// ////////////////////////////////////////////////////// //////////////////////////////////////////////////////
USE THE “LOCATION” USE ZIP CODES AVOID POSTING
PORTION OF THE AD AS AN Many Craigslist buyers learn ZIP
THE EXACT SAME AD
ATTENTION-GRABBER code maps on other sites so they can MULTIPLE TIMES IN A DAY
determine where they want to buy. To avoid being “ghosted,” the term
Stand out over the other posters
by using this section to add catchy used when Craigslist doesn’t post your
How to do it: Use the ZIP code ad on the front page, make sure each
one-liners. in the title and/or ad is unique in some way.
in the body when you go to create your
“The owner ad. You might say something like:
How to do it: Seven seperate
wants this TIP!
gone!” “It’s ugly, but it’s yours,” “FHA/ ad concepts is a
VA financing welcome,” or “Short Sale simple and systematized way of doing it.
“Located on Lake Mead @ Rampart 89135”
approved with BofA”
The key to pulling it all together, Ballen says: “Just use your eEdge website. I’ve been
doing Internet lead generation a long time, and I’ve never seen a website capture leads
like the eEdge system does. And with the most recent update, there are even more
registration triggers at key points in the home search process – it’s awesome!”
Keller Williams Realty Four th Quar ter 2011 • vol. 8 no. 4 outfront 27
28. kw business - Q&A T H E R E S A B A R N A B E I | M E S A - G I L B E R T, A R I Z . By Shelley Seale
Out with the negative.
In with the “I wanna!” attitude
THERESA BARNABEI ON INFUSING A POSITIVE AND
PURPOSEFUL SPIRIT IN YOUR BUSINESS.
In August 2011, after a stint as marketing manager at the United Parcel
Service and 14 years in leadership with Long Realty Company, Theresa
Barnabei moved her license to the Keller Williams Mesa-Gilbert, Ariz.
market center. It was a logical transition for Barnabei considering
her entire professional foundation is based on training, education and
coaching. “My attraction to the company can be summed up in one word:
alignment,” she says.
As a successful trainer, coach and real estate agent with her
own personal development company, Barnabei knows
what it takes to thrive. Her she shares some of that
hard-earned wisdom.
Q WHAT’S THE GREATEST CHALLENGE IN THE
CURRENT MARKET?
This market is only a challenge because we don’t embrace
A it as the current market! We can’t miss the opportunities
of today because we are waiting for the market ‘to get
back to normal.’ Stop waiting. This is the market!
SOME AGENTS MAY BE ASKING: “HOW DO I
Q GET SOME OF THAT?” WHAT IS YOUR AN-
SWER? THERESA BARNEIBEI
A First, keep real estate in perspective. Right now the
consumer needs a leader to help them make good,
informed decisions. As the saying goes, "Help enough
people get what they want, and you can’t help but get
what you want." Second, determine what you want, know
why you want it and decide what you will do to get it!
Then go for it!
“Persistence with confidence is critical.”
– THERESA BARNABEI
28 outfront Four th Quar ter 2011 • vol. 8 no. 4 Keller Williams Realty