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January – What have you accomplished in your real estate business?

January – What have you accomplished in your real estate business?

Here we are in the last week of January 2020 already!

I have talked to some Realtors® who have been surprisingly busy already listing and showing homes. Locally, we have had a mild start to our winter, and that helps tremendously. Normally, we are not so busy in January, which is a good time to work ON your business.

We get so busy working IN our businesses, working with buyers and sellers, that we don’t spend enough time working ON our business. Did you set a goal and create action steps that will help you achieve your goal? Are the deadlines for those action steps on your calendar? Do you have an accountability partner or coach who is checking in to see if you have met those goals?

What did you want to accomplish in January? Organize your digital files, create systems, or update your listing presentation? Have you accomplished any of your action steps?

Real estate sales is a very reactive business. We fall into the trap of answering every call and email immediately. We let busy work take over our day, and before you know it we haven’t accomplished anything.

It is understandable, but not excusable. You need to think like a business owner if you are going to create a thriving Real Estate business. You are solely responsible for the success you experience in your business. You can have great support from your broker/manager and all the training in the world, but if you don’t do the work, you will not reach the level you desire.

If you haven’t achieved your January goals yet, take some time right now to review your intentions for January. Set new deadlines and add them to your calendar. Block off sacred time for working ON your business as well as working IN your business. Block out your most important activities like lead generation, listing appointments, and buyer appointments. Fill in the open time slots with those activities that will help you meet your goals.

Next, guard your time. Are you spending time on social media productively, or did you take a deep dive down the rabbit hole? Do you have to spend an hour talking to another agent in the office about their crazy client? Choose how you spend your office time wisely.

Having an accountability partner is crucial in meeting your goals. It is very easy to let deadlines slip if you do not have someone to update with your progress. It is just human nature. We start to let other things replace the time allotted for our action steps and before you know it, we don’t get anything done.

Having systems in place will help you reach your goals. Block off time on your calendar to take a deep look at your business and see where you can improve procedures. Real Estate Virtual Experts has a new offer coming soon that will help you identify areas you can improve and areas you will need to implement new systems.

Stay tuned for more information coming soon! Or contact Cindy now to be one of the first to find out! Cindy@RealEstateVirtualExperts.com    www.RealEstateVirtualExperts.com

What do you do when you don’t meet your goals?

What do you do when you don’t meet your goals?

I thoughtfully set my 2020 goals. After setting my main goals I broke those down into actionable steps for the 1st quarter. I had a lot due this week that I felt I could accomplish when I set them knowing that things are slower in January. However, things were busier than I expected this week and I only met one of the 5 deadlines I had set. Now, what do I do?

  • The first thing I will do is forgive myself. Working in the real estate field, things pop up that are time-sensitive and take priority. And that is what happened this week. I was cleaning up the delayed items that another person was supposed to handle, but deadlines had to be met to get the job done.
  • Then I will review my goals and determine if it was realistic. Setting 5 deadlines in one week may not have been the best idea. Lesson learned.
  • The next thing I will do is adjust. My deadlines have been moved. I have to accomplish these items to get to my financial goals this year. I will be working some this weekend to get some things off my list. I have extended some deadlines to next week which was not so deadline heavy.
  • I will then check-in with my accountability partners. I have a coach who works with me on setting deadlines and then checks in to see if I met my deadlines. I also have a colleague in my coaching group that is an accountability partner. I will let them know the deadlines I did not meet and the new deadlines I have set.
  • Lastly, I will re-set my mindset. The disappointment of not meeting my goals this week can affect my mindset going into next week. I will review my goals and read the mantras that I have created for myself. I will prepare my schedule for next week to carve out time for the work I need to do to meet my new deadlines.

Having a plan to work through the disappointment of missing my action item deadlines is crucial. In the past, I would fall into the negative self-talk trap until not only do I continue to miss my deadlines, but I abandon the goal entirely. This year I am equipped with tools to work through any setback.

We are not always going to hit every deadline. However, that is no reason to give up. If the goal is important to you, you may need to delay a task but you do not have to abandon the goal. If it takes me a few weeks longer to meet the goal that is ok with me. No blame or shame is required.

How do you handle missing your goals or deadlines? Do you beat yourself up or extend yourself some grace?

For real estate support services, contact Cindy Winslow at Real Estate Virtual Experts – Cindy@RealEstateVirtualExperts.com

Mindset Tune-Up for Realtors

Mindset Tune-Up for Realtors

Real Estate is a continual roller coaster ride. At times it is exciting and exhilarating; think of when you won a negotiation with multiple offers! At other times it can be frightening, not having any closings on the books. This roller coaster ride can play a toll on your mindset, like nothing else you have ever experienced. If you do not work on maintaining a positive mindset continually, you will want to quit this business every six months or so.

January is a time that we set goals and start freshly into the new year. As you set your goals and add your action steps to your calendar, add at least one thing a month that is just for you. You need to set aside time on your calendar to do something that fuels your soul. When you see your day set on your calendar, try not to schedule appointments for that time unless it is necessary. If you must schedule over your personal time, you MUST replace it somewhere else on your calendar for that week. Gary Keller’s philosophy on scheduling is, “If you erase, you must replace!” This philosophy not only should apply to your task list, but also your personal time.

Think about things that fuel your soul. Maybe you have always wanted to learn to paint or sing in the church choir. Perhaps getting out into nature whether hiking, sitting on a beach, or taking up fly fishing, would recharge your spirit. There are so many things you can do just for you. Come up with a list and try one a month if you have no idea what you would do for yourself.

Also, don’t forget to calendar your vacation time early in the year, so you do not work your way through your vacation again. Try partnering with an agent who can cover for you when you are on vacation, and you can do the same for them when they are on vacation. If you are working through your vacation, you are not recharging nor are you providing your family with the attention they deserve.

When you set your goals, be sure to break them down into actionable items and set completion dates to the goal. Checking off these small accomplishments towards a big goal is so rewarding and also contributes to a positive mindset.

A daily practice that can help you maintain a positive mindset is gratitude. Spend time either at the end of the day or start of a new day and write 3-5 items of gratitude. Some days it is the mere fact that you got out of bed, other days it could be you sold a million-dollar property. The little things are as important as the big things.

We are usually the first to speak poorly about ourselves. Watch what you are saying to yourself. I heard someone say recently that she will sensor herself by asking, “Is that something I would say to my friend?” If you wouldn’t speak to your friends like that, why do you speak to yourself like that? It is a hard habit to break, but it is so important to strive to break it. Be honest with yourself, but also be kind. You could have been more persuasive with your clients to structure their offer to beat out competing offers, but you also do not have a crystal ball to know what those other offers would be. Do the best you can with the knowledge you have at the time.

Try stepping out of your comfort zone. If you stay safe all the time, you are not going to grow. If you are not growing, especially in your business, why are you working so hard? Take chances, and you will be amazed at how it impacts your self-confidence, which ultimately impacts your mindset.

This only scratches the surface of the mindset game. You need to take care of yourself as well as you take care of your clients. Get your personal time on your calendar and then protect it so you can enjoy some time to relax and recharge as necessary!

If you are spending too much time on your administrative tasks, contact Real Estate Virtual Experts to discuss how we can help you leverage your time. Contact Cindy at 412-294-8335 or Cindy@RealEstateVirtualExperts.com.

 

 

Old Dog…New Tricks!

Old Dog…New Tricks!

I attended two separate retreats only a few weeks apart recently. Both of these retreats were business development based. Although they were both led by different leaders with different methodologies, there were similarities and many lessons that gave me new perspectives.

By all accounts, I am an old dog in the business world. I am not ready to retire, but I am no spring chicken either. But, I am not too old to learn, implement new ideas, and grow a successful business.

I wanted to share a few of the things I learned during these retreats that may also help you as you grow your business.

  1. Incidents in our past may be affecting our future. Even though you think you have dealt with the issue or just weren’t affected by it, you may just find out that it is an underlying trigger for you. I was able to make connections to my past that affect my present. Some of these incidents I had repressed and not even thought of for years. But the good news is this deep work doesn’t have to be dark or earth-shattering. It can be freeing to understand why you react to certain things the way you do.
  2. You can break down your income goals into manageable chunks by working backward. (This actually was something I was aware of but haven’t practiced lately.) Start with your income goal and divide it by your average cost per service (or average commission for my real estate friends). That determines the number of transactions you will need per year. Then you can figure out the number of contacts you need to make based on your conversion ratios. Break that down into a weekly number of contacts and viola, a simple, manageable plan is ready for you to set into motion. Almost everyone in my group who worked on this exercise was shocked after seeing how doable it was to achieve their goals.
  3. Spending time with like-minded people is soul food! One of the retreats I attended was with a group of women I had known for a couple of years and had spent some time with in the past. My heart was full the days we were together. We were all working on common goals even though we offer different types of services in different industries. The second retreat was with a group of people I did not know. I had joined the group less than two months before the retreat. However, we were all like-minded entrepreneurs who had more in common than we could have imagined. Not knowing anyone prior to attending took me way outside my comfort zone. But my soul was filled with connections and the common threads that ran through us all. It is possible to fill your soul while working on your business.
  4. Genuinely connecting with people is not painful. If you don’t know, I am an introvert. An exercise we did at one of the retreats required us to walk around the room and silently connect with others by looking them in the eye. This was hard for an introvert like me and I was exhausted at the end of this exercise, but I survived! It was an amazing experience and helped me step out of the self-imposed isolation I create as an introvert.
  5. Taking time out of your day to day business is hard when you are running the show. It is, however, necessary to work on your business and not always in your business. Although both of these retreats were focused on business, it truly became part of my self-care. There is a renewing, refreshing and recharging that occurs at these events. Include a retreat or two in your self-care plan.

I am back in my office more excited about my business and what I will be doing moving forward. My soul is full, my wheels are turning, and I am looking forward to the future. This old dog has learned a new trick (or two)!

To see how Real Estate Virtual Experts can help your real estate business, call Cindy at 412-294-8335.

How Do You Stay In Touch With Your Database?

How Do You Stay In Touch With Your Database?

Has the real estate market slowed down in your area? Are you working on bringing in new business or are you taking a breather? Now is a great time to strategize on staying connected with your real estate database.

After a crazy spring and summer market, it is so tempting to coast into the holiday season and take a step back from your business. However, that is going to affect you in the future. You need to continually lead generate no matter the time of year.

Automating your lead generation is an easy way to keep your lead generation machine going and take a much-needed rest if you choose. Many CRM’s offer some sort of automation. There are also some programs that will allow you to automate with little or no cost to you.

Staying top of mind with your database is important. Falling into the cycle of feast or famine occurs when we fail to stay in touch with our database regularly. Here are some ideas for contacting your database.

Social Media – be sure to friend as many of your database contacts as possible on social media. You can create and schedule content to be posted to your account. If you hate social media, you can hire someone to do this for you. Be unique, when hiring a big box company to create your content you will not stand out from other real estate agents. If you are marketing in a neighborhood be sure to add local information that may be valuable to your database.

Newsletters – creating a monthly newsletter provides you with 12 touches to your database per year. It is a great start to making regular contacts. Supplement your newsletter with mailings and phone calls and you can create an awesome contact plan.

Blog – many of your customers will enjoy keeping abreast of real estate issues through your blog especially if they are geared to your local area. Providing information related to the local market and the upkeep of their home will keep your database reading your blog.

Seasonal Cards – sending cards on the non-traditional holidays will catch the attention of your contacts. Sending during the holiday season your cards can get lost amongst the other cards they receive. This can be automated through a card sending service.

Personal Notes – if you have friended people in your database and see a significant life event pop up on social media, take a moment and send a handwritten note of congratulations or thinking of you. It could be something big or small, but knowing you took the time out to personally acknowledge them really shows how you care.

Phone Calls – picking up the phone to contact your past and future clients is always a good idea for a personal touch. It is a great opportunity to show you are interested in maintaining a relationship with them after the sale. It is also a good time to ask for referrals.

Raffles – do you need to update the contact information for your clients? Offering a raffle is a great idea to collect that information. Send out an announcement with a form to collect updated information as the entry form. You can then compare to the information you have for each entry. I know a real estate agent who did this around Thanksgiving. They raffled off a turkey and had a good response.

Webinars – you can host a home buyer or home seller webinar either online or in person. Positioning yourself as the local expert is easy when you demonstrate your knowledge of the industry.

Client events – real estate agents have hosted movie nights, bowling parties, and other fun events for their clients with great success. The clients will have fun and remember your generosity. This will be a more expensive endeavor than some of the others.

If you would love to implement some of these techniques into your real estate business, give Cindy a call at 412-295-8335 to discuss how Real Estate Virtual Experts can help.

Lessons from John – A Personal Reflection

Lessons from John – A Personal Reflection

Please indulge me as I detour from my normal business blogs to speak from my heart.

This morning as I was praying for my friend Becky and her daughter Marissa I started reflecting on their loss and the lessons that have been revealed to me through the death of their beloved husband and father, John. Today Becky and Marissa will be embarking on what I can only imagine will be one of the hardest journeys of their life. John was working in the Virgin Islands when he passed a couple of weeks ago and today, they will be headed there to collect his belongings and close his temporary home on the island.

It all started on a Saturday afternoon. After a full day of getting things done, I sat down to relax. For some reason I checked my email, which I normally wouldn’t do on a Saturday afternoon. There was an ominous email from a friend asking me to call her because John had died. Not wanting to believe this and recently having had my account hacked, I really wanted to believe it was a hoax. I reached out and connected with this friend. She was on her way to pick up our friend so they could take her to her daughter.  I was asked to let our mutual group of friends know what had happened.

Becky and I met in a Moms group sponsored by our church probably close to 27 years ago. There was a core group of us that became fast friends and spent so much time together raising our families. There are 9 of us who regularly get together now even though many no longer remain in Pittsburgh. We have shared every facet of our lives with each other over the years.

As I made these phone calls, the first lesson struck me. We regularly communicate through Facebook messenger as a group. However, when my friends saw my phone number pop up on their phones they were immediately alarmed. Lesson 1 – do a better job of staying truly connected with those you love!

Although I was spreading the news as requested, in the back of my mind I just couldn’t believe that it was accurate. On Sunday morning, my sister-in-law sent me a text saying they announced John’s death in church, and she was shocked. That is when I realized that this was actually true.

It took about a week and a half for his body to be returned to Pittsburgh which I know had to be excruciating for his wife and daughter. During this period, I was full of questions. How could this have happened to John? Why is it taking so long to get him here? All the questions led me to the next lesson. Lesson 2 – all things happen in God’s time for reasons we may never know.

When I found out that John’s cause of death was a pulmonary embolism, I really started to question everything. You see, 10 years ago I survived a pulmonary embolism. As I started to wonder why I would survive such a thing, I learned my next lesson. Lesson 3 – you have something that still needs to be completed.

I’m not exactly sure what that thing is, but I have been on a year of self-discovery and things are starting to appear to me. I need to show up and make a difference in my world for others.

Over the past several years I have been struggling with my faith. Due to a divorce, everything started changing in my faith and with the people who were part of that faith journey as often happens in a divorce. I felt it might be time to leave that church, but I clung to the memories of the past 20+years I had there. When I started to look for a new church, I just couldn’t commit to a new faith family and therefore, I haven’t been attending any church. After listening to the message at John’s funeral, I received the next lesson. Lesson 4 – now is the time to find your new church home and get back on track with your faith journey.

My friend John was a giver. He volunteered his skills and knowledge to make a difference in this world. His latest endeavor was to help a church in St. Johns build a chapel. Donations were requested for the fundraising of this chapel in lieu of flowers. I can just see the big mustached smile on his face knowing that wish will be honored by so many. Realizing how much John did in a normally unassuming role led me to the next lesson. Lesson 5 – do what you can with what you have to make a difference for others.

I’m still working through these lessons. I am not exactly sure where they will lead me. But, if you are blessed by anything I do in the future, thank John. A man I have known for so many years has made a tremendous impact at this time in my life. For that, I will be forever grateful.

I hope this brings some comfort during such a difficult time. I continue to pray for my friend Becky and her daughter, Marissa and I hope you will join me. Rest in Peace my friend, thanks for your friendship and the lessons.

If you are interested in donating in John’s memory, donations are being accepted by Our Lady of Mount Carmel Church for the “Coral Bay Chapel” at P.O. Box 241, St. John U.S. Virgin Islands 00831-0241.

A Goal Setting Plan for Real Estate Agents

 

A goal properly set is halfway reached.” —Zig Ziglar

 

 

At the beginning of every year, Real Estate agents are told to set goals. The purpose of these goals is to outline a roadmap to help you get where you want to be at the end of the year whether it is a financial goal or personal achievement.

 

What is the first step to reaching your goals?

Start by writing your goals down. There have been studies of MBA graduates at Harvard and Yale that prove that those who write their goals earn on average twice as much as those who did not write goals. Those who wrote out their goals and created a plan to attain them earned on average 10 times the amount of income as all the other graduates.

 

After writing out those goals, do you have a plan to attain them?

Creating a goal is only the beginning of goal setting. It is hard to visualize the weekly steps with one big goal. Setting a 90-day plan breaks the large goal into manageable steps. Break down your one-year goals into monthly goals. Once you have determined what you need to do monthly break that down into weekly goals. Plan out the next 90 days using this process. Check out this Huffington Post article, The Power of the 90-day Plan https://www.huffingtonpost.com/scott-macfarland/the-power-of-the-90day-pl_b_10783376.html

 

How do you execute a 90-day plan?

Next, you will need to map out the next 90 days. Open your planner or calendar and reserve time each day to work on your weekly goal that will get you one step closer to your big goal? Time blocking is a great technique to utilize in your day to accomplish everything you need to accomplish in one day to get you closer to those goals. It is easy to fall into the reactive mode in the real estate business if you do not guard your time.

 

Is that all there is to achieving your goals?

The missing piece in this plan is accountability. Find a like-minded real estate agent in your office who is looking for an accountability partner. You need to find someone who you can meet with on a regular basis and confidentially share your goals and the steps you will be taking in between your meeting times. You can choose to meet weekly or bi-weekly. The more frequently you meet the easier it is to stay on track.

 

What do you do at an accountability meeting?

You will start with reviewing your goals, what you have accomplished, and layout the steps you will be taking between your meetings. Discuss what went right and what prevented you from accomplishing your goals for the week. Brainstorm ideas on what you can do to eliminate that obstacle for the next week.

 

Creating a repeatable process that takes you beyond just identifying your goals for the new year will help you achieve your goals. Goals do not just happen. It takes preparation, action, and review to accomplish them.

Find yourself a good journal or planner and a great accountability partner and start working towards achievement for 2018 Real Estate Goals!

Business Planning for Real Estate Agents

Goal setting

Have you created your business plan and goals for 2018? It is never too late to create or revise a plan that will aid you in achieving your goals.

Knowing where to start is half the battle. You will need to gather the following information:

  1. Determine the yearly gross income you want to make.
  2. Determine the average commission for the price range of homes you are selling.
  3. Determine how many contacts you need to get a qualified buyer or seller.
  4. Calculate the number of leads you need to generate monthly.

Your real estate broker should be able to help you with these numbers if you do not know them. Or, check out this lead calculator I found from Market Leader – http://marketleader.com/leadcalculator/?lsr=leadcalculator-MLBlog

Your job as a real estate agent is lead generation. Knowing how many leads you need to generate and nurture per month will give you a start to creating that roadmap.

The next thing you need to determine is how you will generate those leads. Do you generate leads from your website? Listings? Open Houses? Networking?

The scary part for most single agents is how can I handle the lead generation and everything else I need to do with my under-contract clients?

The prospect of hiring an in-house assistant can be a daunting thought if you are not generating steady income to cover the expense of a salary for an employee. Hiring a real estate virtual assistant could be the answer for you.

A real estate virtual assistant works on an as-needed basis. If you don’t have work, you do not have to pay to remain a client of your virtual assistant. You only pay for the time you need assistance.

You also do not have to pay the overhead costs of desk space, computers, supplies, training, and vacations. Not to mention the time you pay an hourly employee when you are only finding busy work for them.

A real estate virtual assistant can help you with transaction coordination, listing coordination, social media marketing, and many other aspects of your business. Utilizing a virtual assistant in your business will free you for the important lead generation tasks that are crucial to your business.

Hiring an experienced real estate virtual assistant is crucial to being able to hit the ground running. A brief consultation on the intricacies of your procedures and a trained virtual assistant can take over without skipping a beat.

Consider implementing a virtual assistant as part of your business plan for 2018 so that you can focus on the dollar productive activities or your real estate business.

If you have questions about implementing a real estate virtual assistant into your business, I offer a free 30-minute consultation. Contact me at 412-295-8335 or cindy@cwvirtualassociates.com.

Two Courses offered for Real Estate Support Specialists

Are you a real estate agent in need of hiring an assistant without the time to train them?

Are you an administrative support specialist looking to learn a niche to assist real estate agents?

If you are, you have found the right blog today! I am offering two upcoming classes that will teach you how to specialize in Transaction Coordination and Listing Coordination. You will learn the processes, receive checklists, and discover time saving resources that will help you become a sought after assistant!

 

I have been a licensed real estate agent for 20+ years. I have owned my own real estate virtual assistant business for 4+ years. In my experience, I have found that when a real estate agent recognizes they need an assistant, they do not have the time to train them causing frustration for the agent and the assistant.

 

Coming October 11, 2017 – Accelerate Your Income with Transaction Coordination. In this 4 week course you will discover how to follow a closing from contract to close. If you have been interested in specializing as a Real Estate Virtual Assistant, this is the course for you. There is a special offer for you to also join the upcoming course Increase Your Income with Listing Coordination that begins November 28, 2017 if you enroll for both courses. Get more information here: http://realestatesupportspecialist.com/accelerate-your-income-with-transaction-coordination/

 

Contact me for more information.

The Importance of Providing “Good” Showing Feedback.

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As a real estate virtual assistant, I am amazed at the feedback comments that are sometimes provided on properties and the number of agents who will not provide feedback.

Your local real estate agents ARE your primary market for your real estate listings and buyers. Without agents who list properties, you have nothing to show your qualified buyers. Without qualified buyers, you have no one to look at your listings.

Providing feedback on listings is crucial to any marketing plan the listing agent puts together.

As you know, the seller sets the price, but the buyer sets the value. This fact makes buyer’s feedback one of the most important aspects of any marketing process.

And yet, a great number of agents will not provide feedback when they show a home or the feedback they provide is not helpful to their fellow real estate agent or the seller. Everyone understands that if you do not present an offer after a showing or ask additional questions, your buyer is most likely not interested in the home. Knowing why is crucial.

4 Tips to Providing “Good” Showing Feedback

  1. Your buyer felt a desire to see the home, which should be the first point you should address when providing feedback. “My buyer wanted to look at the home because…..(has the bedrooms they need, the location is where they want, the condition of the home looked great in the photos, etc.)”
  2. What was the buyer’s first impression when they drove up to the property? “My buyers felt the outside of the home had good (great or bad) curb appeal” or “The neighbor’s home was a bit concerning.”
  3. As the buyer’s walked through the home, what were the comments they made? “We smell animals,” “Love the layout of this home,” “I wish it had a place for a home office” or “I wish the seller wasn’t present.” And so on.
  4. As the showing agent, your opinion on the price and condition of the property is also helpful to the listing agent when they are discussing feedback and future marketing with the sellers.

It is rare that the listing agent will sell their own listings. Therefore, the listing agent depends on the showing agents for good, honest feedback on the home. As the buyer’s agent, you have a pulse on what the buyers feel about a property.

Remembering that you need to cooperate with and not antagonize other real estate agents; be kind when you provide this feedback. I have come across agents who have provided feedback that is not constructive and downright mean. Remember that some agents allow feedback to go directly to the sellers and that affects your reputation.

Feedback is so important to the listing agent. It provides discussion points on items a seller may need to improve and adjustments that may be required in their pricing. A listing agent who receives helpful feedback is most likely going to be willing to provide the same for you when they are representing a buyer on one of your listings!

Contact CW Virtual Associates to help you implement feedback request systems into your real estate marketing plans.

The Power of Checklists for Real Estate Agents!

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Has this happened to you in your Real Estate career? You lay your head on the pillow and suddenly your brain engages and reminds you that you forgot to order a dye test or you forgot to remind your seller you will need a key to put in the lockbox.

The busier a real estate agent becomes, the easier it is to overlook routine tasks. Increasing your production increases your potential for something to fall through the cracks.

Simple checklists will help you to keep on task and stay organized in your real estate business.

You can implement many different systems and checklists. Programs like Top Producer or Dotloop provide a function to create task lists for every aspect of your business from marketing a listing to closing coordination or client follow-up. If you don’t use a program like those, you can create a simple Word document, Google doc, Power Point or Excel spreadsheet to help you stay on track.

Powerful communication is obtained by using checklists.

As an individual agent, you need to coordinate with outside parties, office managers, lenders and title companies to share contracts, dye tests and occupancy certifications. Providing information in a timely manner is crucial in the real estate industry.

If you have a real estate team, you may need to communicate with team members so they are aware of the progress of listing marketing or transaction coordination. In the event you are not in the office, a team member should be able to take over where you left off.

Creating a good checklist can take some time.

A checklist should be updated as you add new tasks or eliminate steps in your processes. Evaluate what you do, step by step for everything in your business and write it down. Now you have a checklist!

Having a checklist system implemented in your business will provide for happy sellers and buyers. You may also sleep better knowing that something hasn’t slipped through the cracks!

Contact CW Virtual Associates to help you implement a checklist system in your business!

 

Real Estate Agents – Take back control of your life!

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As a real estate virtual assistant, I hear this scenario play out too often:

You start the day with your “to do” list in one hand and good intentions in the other … and then the phone rings. Now you are off chasing down the answer to distraction #1 for the day. Surely after you take care of this one missing detail for next week’s closing you will be able to tackle that “to do” list. You make the necessary call to the closing company and find there are some additional details that have slipped through the cracks. The next thing you know it is the end of the day and your “to do” list remains untouched. Does this sound familiar?

REAL ESTATE AGENTS MUST BE FLEXIBLE

Unfortunately, that flexibility may mean you have to give up plans you made with family or friends so that you can catch up with all the tasks required of you. You may work 12-hour days and still not keep up with all you need to do. It is time for you to control your schedule so it stops controlling you! But how do you do that?

HIRE A REAL ESTATE VIRTUAL ASSISTANT

A real estate virtual assistant can help you earn more, work less and take control of your life. Try simply delegating tasks like marketing listings, creating and implementing follow-up campaigns, social media management, blog posting and closing coordination. You’ll be pleasantly surprised when you get to spend more time face-to-face with buyers and sellers and less time working all hours of the day and night.

Once assigned a task, a trained Real Estate Virtual Assistant can take the ball and run with it, keeping you informed of progress along the way. You can assign the tasks that are consuming your time and keeping you awake at night knowing they are handled appropriately and professionally.

TAKE THE FIRST STEP TO CONTROLLING YOUR SCHEDULE

Contact CW Virtual Associates to schedule a free consultation to discuss implementing a Real Estate Virtual Assistant in your business.

Have you found your Niche? Consider Transaction Coordination.

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If you are a virtual assistant looking to specialize, consider Transaction Coordination. Transaction Coordination is only one service offered by a Real Estate Virtual Assistant, but it is a service that is in demand by busy real estate agents.

So what is Transaction Coordination?

Transaction Coordination is merely coordinating the closing process from the execution of the sales agreement to closing day. As Transaction Coordinator (TC), you are the main point of contact between the buyer or seller and the Title Company who will prepare the closing documents and conduct the title search. Here’s an overview of the tasks you’ll do as a TC:

  • Review all contracts for compliance
  • Submit all contracts to the Agent’s designated office personnel
  • Research municipality requirements and inform the seller of their responsibilities
  • Schedule and confirm the closing date and time
  • Close out the listing in the multiple listing service
  • Update agent’s database and arrange for closing gifts.

Is Transaction Coordination complicated?

Absolutely not. You have to create a checklist based on the requirements of the agent you are working with and just follow your checklist. It is that simple. There is a belief that working as a TC is complicated. I do not think that is the case. I think the problem lies with training. Most times when a real estate agent is ready to hire an assistant, they do not have the time to do thorough training. That is why educating yourself prior to accepting a transaction coordination assignment is important.

What skills do you need to be a Transaction Coordinator?

You need some basic skills to be an effective Transaction Coordinator:

  1. Ability to read and extract information from sales documents. You will need to find the important dates and information in the sales agreements.
  2. Know when to ask questions. Don’t make assumptions, missing a deadline can be detrimental to a sales transaction. Better to ask the question now than to delay closing.
  3. Attention to detail. You must review your files and update information frequently throughout the closing process to be certain deadlines are met and requirements are completed.
  4. Take initiative. Do not wait for direction from your agent. Be sure everything is done that needs to be done in the timeframe required. Don’t assume it is complete without verification.
  5. Positive mindset. Your mindset may be your most important skill. You will be called upon to be an extension of your real estate agent, preserving the agent’s reputation. A positive happy tone will be an important asset. Frustration can occur in any transaction and you just can’t lose your cool.

What is not involved in being a Transaction Coordinator?

You will NOT be responsible for writing contracts, negotiating contracts and all things legalese. I set up my practice so that the agent I am working with is responsible for all contract negotiations including the home inspections. This is truly an aspect that the real estate agent must handle themselves due to fiduciary and contractual requirements they have with their client as well as licensing laws.

Do I have to have a real estate license?

Holding a real estate license is not a requirement to become a TC. You are performing administrative tasks and not handling the duties that would require a real estate license. Each state defines what a licensed and unlicensed assistant can do. Always be sure to check the state requirements.

Is Transaction Coordination for you?

Consider taking a look at this specialized niche. The Association of Real Estate License Law Officials (ARELLO) estimates that there are about 2 million active real estate licensees in the United States. Imagine if you had even 1% of those agents as clients … you’d have 200,000 clients. Realistically, I find that I can handle an average of 10 clients at one time so you can see how relatively easy it will be to get all the clients you need.

 

Cindy Winslow is the owner of CW Virtual Associates and is also a licensed real estate agent. Having been in the real estate industry for 20+ years, Cindy has a wealth of knowledge to share. If you are interested in exploring a niche in Transaction Coordination further, Cindy will be offering a course this fall. Sign up on the waiting list now so you can be notified when registration opens. http://eepurl.com/bTY7jL

7 Reasons You May Need a Transaction Coordinator

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It is that time of year again. The spring market is music to a real estate agent’s ears! Honestly, in the markets I currently service, I have not seen a slowdown from Fall, 2015.

As a busy real estate agent, you may have trouble keeping up with all the paperwork that goes along with selling a lot of properties. During the 20 years I worked as an agent, I found that managing the transaction coordination was especially time-consuming and stressful. That’s why, now that I’m a real estate virtual assistant, I offer transaction coordination services.

Here are 7 reasons you may need to hire an experienced transaction coordinator:

  1. You may need a transaction coordinator if you don’t have enough hours in the day!

The 8-10 hours that you would spend working on one closing could be spent on lead generation, taking a new listing or working with a buyer. These are the most important activities for any real estate agent. Working with a transaction coordinator will free your schedule so that you can spend your time doing what you do best.

  1. You may need a transaction coordinator if you haven’t turned in a sales file prior to closing in recent memory!

A transaction coordinator will check all contracts for compliance and submit them to your broker’s designated office personnel after execution. Any missing documents required by your office will be obtained prior to closing which will prevent delay in receiving your commission checks. Not only will it make your life easier, it also helps your office with their financial forecasting.

  1. You may need a transaction coordinator if you can’t check your email or return phone calls before 10 PM!

For the most part, Title Company employees work an 8-hour day and can’t be reached after 5 pm. A transaction coordinator communicates with the Title Company; follows the numerous details, deadlines, and dates; prevents items from falling through the cracks and ensures things are done in a timely manner. Having one point of contact allows the information to funnel through one source and provide excellent customer service to your buyers and sellers.

  1. You may need a transaction coordinator if administrative work is not your thing!

Salespeople usually have great interpersonal skills but can’t stand spending time in the office with administrative details. If setting up a closing time and location only to have someone change their availability before the ink is dry on your calendar entry makes you want to scream, it might be time to consider hiring a transaction coordinator.

  1. You may need a transaction coordinator if you have increased your earning goals!

Productivity consultant David Allen is quoted as saying, “You can do anything, but not everything!” To achieve new goals, you need to think differently. Hiring a trained transaction coordinator to assist you in your business gives you the extra time needed to reach your higher goals.

  1. You may need a transaction coordinator if the thought of hiring an in-office staff member scares you!

A transaction coordinator is paid a flat rate for each closing. If your closings are up then down, you only pay for the work needed. You do not need to worry about keeping an assistant busy when there is little work. You also don’t need the added overhead costs of having an in-house employee. When you work with a virtual assistant who specializes in transaction coordination, you only pay for the time you need.

  1. You may need a transaction coordinator if you don’t have time to train someone!

Usually, when an agent needs to hire someone to help them with their business, they are so busy they do not have the time to train anyone. Hiring someone who specializes and has been trained in transaction coordination alleviates the time-consuming training process. A quick orientation to learn how you handle your files is all that is needed.

Growing your real estate business is exciting. But to excel you need a dependable, reliable team. CW Virtual Associates can provide you with the trained help you need. Cindy Winslow has been in the real estate industry for 20 years and maintains a real estate license to stay current on regulations and trends that affect your business. Cindy’s team of professional real estate virtual assistants truly understand the needs of a busy real estate agent. Contact Cindy today for a consultation at 412-294-8335.

If you are interested in becoming a Transaction Coordinator or have an assistant you would like trained, please sign up for the waiting list for my upcoming course, The Ultimate Transaction Coordination Blueprint for Real Estate Support Specialists scheduled for release this fall at http://eepurl.com/bTY7jL

 

 

 

 

 

 

 

 

My Journey from Real Estate Agent to Real Estate Virtual Assistant

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Agents, colleagues and friends often ask why I chose to open a Real Estate Virtual Assistant company after many years of being a successful sales agent. This is my journey to becoming a Real Estate Support Specialist.

Helping People with Disabilities
I had been recruited into an interesting and rewarding position as Director of Real Estate Services for a new non-profit real estate development company. The company built new homes and modified existing homes for people with disabilities. This position combined my real estate expertise with my desire to help people in a meaningful way. After two years of hard work creating the framework for the company, things started to happen. The day before our company’s second anniversary, our parent company informed the staff they could no longer provide the current level of funding due to cuts in the parent company’s income. They laid off our staff of three. The prospects of returning to work in the near future were not promising, so I began to examine my options.

Exploring My Options
Returning to real estate sales was the obvious option. It would take a lot of work to re-build my real estate business after two years of neglecting it. I had recently remarried and my husband traveled extensively for his job. The thoughts of working nights and weekends again was not so appealing for this newlywed. Weekends were precious to us.

So, I kept exploring my options. One of my favorite roles in Real Estate was Training Coordinator for Keller Williams Realty. Helping real estate agents maneuver through the plethora of information, contracts and systems needed to function productively was as exciting to me as handing a first-time home buyer the keys to their new home.

I knew whatever direction I took it would require hard work to build (or re-build) a business. I felt it was time to take a new direction in my Real Estate journey. Then I contacted Duquesne University Small Business Development Center for guidance on setting up my own company.

Discovering My Geeky Side
I know that REALTORS® are in need of top-notch support to keep the machine running behind the scenes enabling them to spend their valuable time face to face with buyers and sellers. It didn’t take long for this “geeky” girl to realize how I could offer efficient and thorough support to my real estate friends, preserve the time I desired with my new husband and continue to work in the industry I love.

That is when CW Virtual Associates was born! Because I am a licensed real estate agent, I am familiar with what it takes to get the job done. Trying to keep on top of everything becomes quickly overwhelming as an agent becomes more successful. I provide the support services you need to keep on track and increase your business.

Ready to Get Started?
Contact me to find out how hiring a virtual assistant with first-hand knowledge of your day-to-day operations can benefit you. Contact Me