To make things even more painful?you're chatting with a title rep about business and they mention the agent's name. You probe deeper and uncover that the agent has done 3 transactions in the past 30 days. Before we jump to conclusions, it's possible they were the listing agent. Or they could have been the buyer's agent, but the buyer came to them pre-approved. We just don't know.
You re-trace your steps backwards and look for clues. You've left messages regularly and had one or two quick, really quick conversations, more like, ?Hi, how are you,? and that's it kinda conversation. But nothing appears out of the ordinary. Why didn't they send you a deal as promised?
We may never know that answer, but we do know that in the process of initiating a relationship, you have to continue sending messages that deliver content. Content that powerfully refreshes their memory why they want and should send you their next piece of business.Content Strategies
How do you effectively keep your information in front of prospects and clients without becoming a pest? Studies consistently demonstrate that it takes 7 to 12 impressions before people act on their intentions, which means when it comes to initiating relationships with agents, you have to find ways to keep your message in front of them on a regular basis, otherwise you're invisible.
Here are some Content Strategies that can work for you:
Tips & Ideas
Insider Information
Information From Other Sources
Success Stories
Innovation in Progress
Leisure News
Tips & Ideas
If you've positioned yourself as a specialist and want to become recognized as an expert, this is your best strategy. Helping prospects to solve their problems quickly transfigures you from a stranger to becoming their friend.
Whatever is your niche specialty, than sharing your ideas will come in that form. It only makes sense that if you're in the information business, the business of helping agents solve a particular problem, than you share your knowledge. It gives them a sample of what you know and demonstrates your expertise.
Insider Information
This strategy is excellent for agents who want to know everything, and I mean everything. Particularly, they want to know mortgage related information, so they can articulate their viewpoints with peers, other agents, to show their level of competency, which is a nice way of saying, ?It feeds their ego.?
If you are apprised of current market conditions or new and niche loan programs and communicate by email with prospects and clients, some agents are like messengers, they must be the first ones to know so they can pass it along before anyone else does.
Information from other Sources
Do you have a network of relationships with other professionals who serve the real estate community, i.e. interior decorators, home improvement specialists, landscapers, etc.? They can supply you with valuable content, especially if you like using the newsletter format. Having a network of other sources clearly tells an agent that you understand the bigger picture.
Success Stories
If you're the type who doesn't like to toot your own horn, this strategy is for you. Using a story format, you can creatively describe the quality of your service supported by actual documentation, without it being perceived as boasting. Think of it as a press release with a touch of flair.
Innovation in Progress
Are you always tinkering with your business, searching for new ways to improve it? Are you the type to purchase the latest gadgets? Agents who innovate constantly in their business will appeal to this strategy. Even without buying every gadget known to mankind, usually you can find research online, like product and tech reviews, and compile the information and forward as a message. Two excellent resources include, zdnet.com & cnet.com.
Leisure News
This content strategy exhibits caring and thoughtfulness. It compliments loan officers who want to develop rapport on a personal level. You can apply this on a per prospect basis, for instance, if you meet someone who enjoys a hobby, you could give them subscription or a complimentary copy of a leisure magazine.
Please check RESPA laws in your state prior to awarding gifts considered of monetary value.
Learn from Others
Sometimes you'll learn your best content strategies from watching what others do. If you work in an office with other loan officers, at your next sales meeting request that everyone bring their materials to share with each other.
Look at every newsletter and mailing you receive, notice which writers get and keep your attention. Notice what bores you and what you end up reading and responding to. Always take the best things you like, adapt it to your style and leave the rest.
Jeff Nelson helps loan officers increase loan originations by attracting quality relationships with real estate agents from the development of customized relationship-building strategies.
to get a free copy of the Marketing Planning Guide, a 20-page workbook designed to help you outline a strategy to become an Agent Magnet.
Visit us at
Commercial Loan Officer Training
Are you in the market for a commercial loan? A commercial loan is a tool that opens up different opportunities to develop an individual's investment portfolio. If you are a smart investor, you will look for opportunities to have your money work for you and give you additional income through property rentals, hotels, commercial office space, etc.
If you are a beginner, you need not worry. You can start small by leasing an apartment complex in or close to your neighborhood. This is an easier option for beginners since you are close to the property and already familiar with the area. Once you have mastered the art of owning and managing your own rental property, you will be much more prepared and qualified to invest in properties that are outside of your area or even outside the state. Some investors even choose to purchase rental properties that are outside the country.
Qualifying for a business or commercial loan is easier than one might think. Even though housing prices have increased steadily over the last few years, people are still pulling out money to invest in real estate. You need to be careful though, some banks are becoming stingier and much more careful of whom they will lend to and have strict pre-requisites for applicants.
When you begin the loan process, your broker will provide you with an estimate of the value of the asset that you wish to obtain a commercial loan for. Before a loan is approved, the bank or lender will demand more information about the investment property. They will wish to know where the property is located, the nature of the property, and the amount of revenues generated over the last two years. They will also want to know how the property is going to be used. A lot of people, who purchase properties as an investment, do so dishonestly. The lenders are cracking down on this a lot lately.
If you are detailed and comprehensive with the information that you provide the lender, your chances will greatly increase that the commercial loan will be approved.
There are some things that you can do to in advance before asking for money from a bank or lender. Here are just a few of these,
- You must have a clean credit record
- Keep all your asset information up to date and current
- Shop around on lending rates
- Learn how to negotiate
- Make sure that you do a background check on any property that you are interested in.
- Create and have a business plan readily available
You have an opportunity of generating a large amount of passive income by investing in real estate. Commercial loans are readily available for individuals such as yourself if seek them out. As an investor seeking to expand a portfolio, now is the time to invest.
Both Admin & Bart Icles are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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