Archive for category Real Estate

Real Estate Rookies Need to Work Smarter, Not Harder!

The housing boom has attracted a flood of newcomers to the real estate profession. Those that have been downsized, retirees and even people who just want a better life style see real estate careers as exciting, less stressful and offering high rewards.

But they soon discover that the real estate profession is saturated and very competitive. It is difficult to break into the market and gain a clientele. Sadly, following the standard real estate formula for new agents usually leads to several years of long hours with low compensation. Most give up and drop out, and their brokers and “established” agents gladly follow up on any leads they may have generated.

According to a recent study by the National Association of REALTORS®, rookie agents are working more but earning less. Agents who have been in real estate for two years or less earned an average of just $12,850 in 2004, and most (54 percent) reported working more than 40 hours weekly. This figure dropped from a median income of $27,973 earned in 2002. Conclusion: there are a lot more people in real estate now all competing for the same business. Trying to gain traction strictly through referrals, sitting in open houses, sending out postcards or handing out flyers is a long haul for novice REALTORS.

In today’s residential real estate market, the name of the game is getting listings and buyers from all sources. Just “farming” a territory in the traditional fashion is not a practical strategy for real estate rookies. First, there are no virgin territories. Second, rookies must always overcome entrenched competition. To accelerate their success, new real estate agents need to work smarter than established colleagues by leveraging Internet marketing tactics to promote themselves, tap a broader market and to increase productivity.

Unless a newbie enters the real estate profession with a captive clientele, he or she is better off taking control of their own business strategy. And the one way that a new agent can distinguish themselves today is by coloring outside the lines. Internet marketing is a proven means of helping new agents to stand out from the crowd. Here are some strong recommendations for a new kid on the block:

1.    Get you own Website, not a page or subdomain of someone else’s site. Build your site to promote yourself, your talents, your listings and your services.

2.    Use your Website as the focal point of all your marketing efforts. Everything you do, marketing wise, should be calculated to drive traffic to your Website.

3.    Make your Website as enticing as possible. Refresh the content often with community news and relevant RSS feeds to ensure that visitors return often. Try a blog – they are easy to implement and generate interesting content. Offer meaningful articles that appeal to potential buyers and sellers (industry outlook for mortgage rates, major “must do’s when selling your home, a summary of local sales, home value trends, etc.).

4.    Build visibility among the major search engines, so that your site pops up on the first page when someone performs a search for agents in your locality:

a.    Establish a meaningful domain name that reflects your location and market emphasis.

b.    Optimize your site for search engines by choosing specific keywords based on your geographical location. Establish proper keyword density in your site content, meta tags, alt tags and internal links.

c.    Set up a link-exchange program with complementary sites, such as non-competing REALTORS or real-estate-related services. Building external links adds to your search engine ranking and leads qualified traffic to your site.

d.    Be sure to get listed in the major business and real estate directories.

e.    Use sponsored search engine listings along with affordable “local search” listings and pay-per-click advertising to boost online visibility and acquire qualified traffic.

f.    Get a listing with one or more of the popular online “Yellow Pages,” like Verizon Superpages.

g.    Tap into local free advertising, like Craig’s List.

h.    Learn how to use landing pages to capture metrics and tweak your promotional activities for optimal performance.

5.    Use viral marketing tactics, such as placing a “forward to a friend” script on your site and in your newsletter, to gain clients with whom you have had no previous contact.

6.    Implement marketing tactics to capture sales lead information from Website visitors:

a.    Start a free monthly newsletter and offer a meaningful incentive to subscribe. Use this as a mechanism to nurture potential clients through “drip, drip, drip” marketing.

b.    Write or acquire a relevant whitepaper or ebook. Use this as a giveaway to entice new newsletter subscriptions.

c.    Offer a free “home valuation” service based on local comparables.

d.    Place “special offers” in your newsletter that only subscribers can enjoy. This will promote viral marketing among friends and relatives.

e.    Hold an online drawing for a desirable prize to acquire email addresses, and then solicit newsletter subscriptions from the entries.

f.    If you can afford it, tie into your MLS database so that registered visitors can survey local listings.

7.    Enhance your productivity by using an autoresponder for newsletter delivery and automated follow-up to inquiries.

In short, make your Website the destination for all marketing activities. Even off-line advertising should be designed to drive traffic to your Website. Once there, focus on selling yourself and your services to prospective clients. Differentiate yourself from competitors by presenting yourself as more attuned to today’s marketing methods, tapping more modern and advanced tactics to find the best home for buyers or achieve the quickest sell at the best price for homeowners.

Compared to the “old school” of real estate marketing, Websites are 24×7 virtual storefronts promoting products, services and talents around the clock to a worldwide audience. Internet marketing makes your promotional dollars go further and helps you to stand out from the crowd. It also dramatically expands your audience, bringing in clients from around the country and even the world.

Rookie agents need to chart their own course to be successful. Don’t be afraid to embrace new methods of marketing your services. Above all, don’t follow the herd. Be different – take control of your real estate career and leapfrog your competitors through aggressive internet marketing!

Al Kernek is a real estate broker and author of Creating E-Mail Newsletters – A Practical Guide for the Real Estate Community and Put Your Business Online – How to Create and Promote a Successful Low-Cost Website. To learn more about increasing real estate sales using affordable, “do it yourself” Internet marketing techniques, visit http://www.renewsletter.com

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The Commercial Investors’ Guide To Sarasota Real Estate

Investing in Sarasota real estate can be very risky, especially if you have very little knowledge about the real estate market in Sarasota, and if you lack the necessary skills to make the most of your real estate experience.

Sarasota’s commercial real estate, which is situated in Florida, is one of the more lucrative investments that any investor can put their money on. Keep in mind that Sarasota commercial real estate is located in an area where there is a variety of different cultures and lifestyles, as well as a myriad of leisure spots and areas where visitors and residents can enjoy what Sarasota has to offer. This means that Sarasota real estate is teeming with a lot of potential customers and possible business opportunities for commercial investors wherein they will be able to generate some profit. If used correctly, Sarasota’s commercial real estate properties may generate profit, unfortunately, doing so is not that easy. There are a few things that commercial investors need to do in order to be successful in their stint in Sarasota’s real estate market.

Sarasota commercial real estate investor’s guide

Diving in Sarasota’s real estate market without any experience or understanding of how the market works is just an invitation for you to fail at it. It is important, primarily, to gather the necessary information and knowledge that will help you understand the inner workings of Sarasota’s real estate market. This knowledge will help you make the right choices later on, and avoid any mistakes during your real estate experience. You need to make sure that you at least have a full understanding of the real estate financing structure, as well as the legal aspects of commercial real estate transactions. If you don’t, then it would be best if you find a commercial realtor to assist you.

You should always be on the look out for properties that are priced low for this will help you get a quick profit. If you can find a property that is priced low, especially those that are below their market value, then that is a prime property that you can develop. You can always invest in it, improving the property, thereby increasing the property’s value. Once you have done so, you have turned a low priced property into a profit-making commodity, giving you an opportunity to make a great deal of profit in the shortest amount of time.

You should also make sure that the area that the real estate property is situated in is an area that has good economic activity and not one that stagnates. It is important for any commercial real estate investor to consider the chances of turning over a property for a profit, which is why considering the area of the real estate property is so important. The economic activity, growth and development of an area will help dictate how successful or difficult it would be for any commercial real estate investor to turn over a property for a profit, especially since the area’s economic activity is a reflection of the population’s possible interest in the new development, as well as an indication of the possible return to the commercial investor’s investment.

Keep in mind that commercial investors are in the real estate market to make a profit, so make sure that if you plan on investing on a commercial real estate in Sarasota that there is a high percentage for your success.

Vanessa A. Doctor

Sarasota Real Estate -http://siestakeyrealestate.com

Vanessa A. Doctor from Jump2Top – SEO Company

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What Is The Weakness Of The Sarasota Real Estate Industry

Sarasota real estate is one of the most sought after piece of real estate. A lot of investors sees it as a sound investment, and is very attractive to them, especially since buying real estate properties in Sarasota offers them a whole lot than just the property that they are purchasing.

Its proximity to different pristine beaches, as well as the lifestyle and the diversity in its culture, makes Sarasota real estate properties so appealing to its potential owners, which includes not just those people who wish to vacation in such a spot, but also those who intends to make it their permanent place of residence, such as retirees.

Although investing in Sarasota real estate seems to be such a sure thing since it can be very rewarding, it is not without its weaknesses. Sarasota real estate properties are some of the most sought after in the real estate market nowadays, which is why its population is booming due to the increase in the number of people who are residing there, making Sarasota one of the fastest growing areas in Florida. This increase in population means that there is less and less of Sarasota real estate to go around. This is not necessarily a bad thing, especially for those people who already have invested in this particular piece of real estate. However, people fail to realize that this could eventually result in the over population of Sarasota, especially at the rate of how its real estate properties are selling. The downside of its popularity is that it makes it too sought after that people would continually try to find ways to own a piece of real estate in Sarasota regardless of how over populated the area already is.

Another downside to Sarasota real estate industry is that the real estate properties being sold in the area are very expensive. This is evidenced by the steady sales of homes in the Sarasota real estate market, some of which could even reach up to a few million dollars on a single piece of property. Even if the cost of these homes and real estate properties are high, people still continue to purchase them still. This continuous purchasing of real estate properties in Sarasota is one of the key elements on why the Sarasota real estate market is still going strong regardless of the high prices of homes in the area. If there is a continuous demand for it, then the high cost will not decrease not unless people would stop investing in them due to the price. Unfortunately, due to the appeal of Sarasota real estate properties, the cost of homes will continue to rise, or at the very least remain as it is.

Another weakness of Sarasota real estate industry is that their real estate properties are situated in an area where there are hurricanes and other natural calamities. The intensity of the problem can be supported by the high rates of insurances on houses and other real estate properties in the area. If you plan on purchasing a real estate property in Sarasota, then you better be prepared to shell out a considerable amount of money for your home’s insurance. You will need to do this if you want to protect your investment, especially since the area is visited at times by hurricanes.

Nonetheless, a lot of people still invest in Sarasota real estate properties regardless of the downsides of owning one.

Vanessa Arellano Doctor

http://siestakeyrealestate.com

Vanessa Arellano Doctor from Jump2Top – SEO Company

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Beachfront Vs Inland Real Estate Ownership In Miami

Miami real estate is one of the fast-selling and sought after pieces of real estate in the market nowadays since it is considered by many to be one of the best places to live or vacation in.

One of the reasons as to why a lot of people would like to invest on a real estate in Miami is because of all the other things that people will be getting when they do decide to purchase a real estate property in Miami. These Miami real estate owners know that they are not only getting the property, but they also get to benefit from all the other things that goes along with the property, such as the pristine beaches and the culture in Miami.

Owning a real estate property in Miami can be a real treat, especially for people who are very much into the whole Miami culture and lifestyle. However, there are a lot of real estate property types to choose from, ranging from condos to hotels. Although there are a variety of real estate properties in Miami, two of the more ideal property types that people can purchase are the beachfront and inland real estate properties. These two property types are very different from each other, though they both offer great real estate properties for potential buyers. In order to be able to decide which one bests suits your taste, you need to know what makes each of these properties unique.

One of the things that make the two property types so different is the aesthetic aspect that these property types offer its potential investors. Of the two, the beachfront real estate properties offer the better aesthetic quality since the property is situated alongside the pristine beaches along the coast of Miami.

These beachfront real estate properties is made more beautiful by the fact that the beaches that made Miami so sought after and popular is the backyard of such properties. All you need to do is look out your window and you can see the beaches that draw such diverse crowds into Miami.

Inland real estate properties, however, though are beautiful in their own right, still cannot match the aesthetic beauty that the beaches add to the different beachfront real estate properties. It is one thing to have a beautiful house with nice amenities in a nice neighborhood, but it is another to have white sandy beaches very close to your home.

Another thing that differentiates these two property types is the level of their appeal or popularity with the different investors and potential buyers of the real estate properties. Beachfront real estate properties are more sought after than inland real estate properties since these beachfront properties are very close to the beaches, which is the major reason for its appeal. Inland properties may be closer to other structures, but people do not wish to live or vacation in Miami because of the malls and the stores in the city. People wish to come to Miami mostly for the beaches.

Although both real estate properties can be used by its owners to earn profit, especially if they do not intend to live in Miami permanently, beachfront properties are still the more popular choice for people who want to rent out condos or houses in Miami, especially for those people who are just vacationing. Vacationers go to Miami for the beaches, and if they are able to live near one, then the better it is for them.

Whatever real estate property you may choose to buy, it is important to remember that these types of properties, especially if they are sought after in the market, may cost you a lot of money if you plan on investing on Miami real estate. However, inland real estate properties tend to be more reasonably priced, as compared with beachfront property types. The high cost of owning a beachfront property is the price that any potential buyer have to pay in exchange for all the perks that goes along with the property.

Vanessa A. Doctor

http://miamirealestateinc.com

Vanessa Arellano Doctor from http://www.Jump2top.com, a SEO Company

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