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All Forum Posts by: Irene Nash

Irene Nash has started 0 posts and replied 138 times.

Post: Is this the best time to buy or should I wait?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

Look at the stats on new pre-foreclosures, the estimates on what percentages of the restaurant and hospitality industries expect to be out of business by March, how many people have lost jobs and how many have lost health insurance. Yes some areas will be buffered by tech industries and if a good vaccine gets approved soon that will be hugely helpful - but you can only put numbers into an algorithm for so long before you start seeing results that reflect the data.

Post: How to pay realtors?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

You may already know this but just in case, in a standard transaction (when a home is listed on the MLS) the buyer's agent typically gets 3% of the sales price, at least in my area (WA), and it's built into the price of the home.

I don't know if for what you're describing there's a different rate that's already established as a typical rate, and you should be able to find out if there's a rate built into the auction sales prices (I'd be surprised if it was 3% if there is anything like that, but others on here probably know.)

Either way, what the agent is offering to do as far as going to auctions and touring unlisted homes with you sounds like at least as much work as they'd be doing if you were only looking at houses listed on the MLS, as long as they do a good job. But as others have suggested, it's fine to just ask the agent directly how it works and what they expect. Good luck!

Post: What good is content marketing?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

Hi @Spence Kal, I'd be happy to help provide some ideas. I'll PM you. 

Post: What good is content marketing?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

@Spence Kal Thanks for your kind words! I totally understand the struggle with creating and editing, I'm also full of ideas and love teaching others and helping them not repeat my mistakes, which it sounds like you are all about as well - but executing on that and then showing up consistently are the real hurdles and I struggle with that as much as anyone else. :)

I really do think that if you like video, YouTube is a potentially great vehicle - it is basically a search engine, like Google, and I think it's easier to build a brand on YouTube because more of your personality comes across immediately. Someone who does a ton of free teaching on this is Miles Beckler, his YouTube channel username is milesb. He does emphasize the slow organic growth method, which is great for long term SEO, but I think Facebook ads driving traffic to helpful instructional videos are well worth it in terms of speeding up growth - so you can have both working for you at the same time, organic growth and growth from paid traffic. Ad rates have actually gone down because of Covid. And Miles Beckler also teaches FB ads as well, a lot of it for free on his channel.

And then no matter what medium you use, offer something truly valuable that gives people a reason to opt in to your email list (I realize you probably know this but just in case), Google algorithm can change overnight and FB belongs to Zuckerberg, who could take all your likes and follows away in an instant - but your email list is yours forever.

I have gotten real estate clients from blog posts in the past, and I am certain I could get more real estate business now by doing something like that, really creating a value-filled YouTube channel for home buyers and sellers and driving traffic to those videos, boosting video blog posts, etc., I just am not concentrating on getting new real estate clients right now - working more on training materials for new agents and mostly doing real estate with past clients and referrals. 

(I know it's a luxury to say that, it comes after 20 years and going through the recession with just me and my dog because my husband hadn't shown up yet - and who knows what will come in the future, just saying, that's the case right now and there were some dues paid along the way. :)

Were you thinking of doing content marketing for real estate clients or investing or both? And also I'm curious, what kind of content marketing are your friends doing who you said had seen success with it?

Post: What good is content marketing?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

Gary Vee has a team of professionals doing his content marketing and is open about the fact that he works 16 hours a day and sees his family on weekends. I think he's a good guy but I don't think he truly understand the life of a real estate agent (yes, I know his sister has her license, and also yes, waiting for a bolt of lightning to come hurtling into my home office to strike me down for disagreeing with Gary Vee. ;) 

For example, he thinks we should work for free starting out, which is not realistic economically and also it's not like just 'working' makes you a good agent, as the many long-time mediocre agents can attest to.

Content marketing for SEO and exposure is a long term game (unless you drive traffic with ads), most agents struggle with the consistency it takes to blog as much as you need to (including myself, and I love to blog. :), and overall it has gotten much harder to rank well on Google. 

YouTube is probably a better bet but again, takes consistency and the willingness to get on video, that second part rules out a ton of people right off the bat. Podcasting - same thing, takes consistency and a bit of tech knowledge, and is a long term game.

Basically, I think many agents are successful marketing to and getting referrals from their sphere, others seem to do well with cold calling, and even those that would like to offer valuable content via video or podcasting run into the 'start-up' hurdle of how to get started, and then consistency fails when they get busy with actual clients.

Speaking at least for myself here, I love teaching on video and actually know how to do it and have often thought of doing home buyer info videos for clients and prospective buyers but still haven't done it.

But, if it's something you'd actually like to do and are excited about and would do consistently, then I think it would be a great idea, regardless of which venue you picked. 

Post: Is a Listing Agent a glorified task rabbit? (not trolling)

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

@Joe Splitrock Exactly! And traditional real estate marketing emphasizes volume as the biggest marker of success, so that's what clients are predisposed to rely on.

Post: Is a Listing Agent a glorified task rabbit? (not trolling)

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

@Aaron Caddel Sure, I was actually going to turn that into a blog post myself seeing as I managed to type in 5 minutes what normally I would have sweated over for an hour or two. :) But honestly I think it's fine if I do something with it and you use it as a quote for your blog, just obviously please use it as a quote and link back to me as you mentioned. I'll PM you the site seeing as we're not supposed to post our business links on the thread, and I'm happy to link to your page as well when I post as well - I know Google doesn't like duplicate content but I'm sure the articles will have other things different about them. Thanks for appreciating the post!

As far as your question about finding a good listing agent:

The first place I start when helping clients who are looking for a listing agent in a different area is by searching listings online and noting who has great home presentation - staging and photos. Agents whose photos are poor quality, have listings with rooms that definitely should have been de-cluttered or at the very least straightened up, or who obviously used a professional photographer who wasn't very good, get ditched. Also, homes that are over-staged - the agent is the one who knows what SELLS homes, and needs to be able to make sure that even a professional stager doesn't head towards the 'very staged, but less sellable' side.

One thing (a small thing, but helpful) I like to see that even good listing agents don't always do is to have grey sky replaced with blue - not fake blue, just the kind of sky that would have been there on a nice day. Some photographers will do this as part of their service, if not there are people on Fiverr who do a really good job with this. I know photographers will say that medium light or a non-sunny day is best for photos, but they are not agents who sell homes, that is mostly true of portrait photography. In real life, with real buyers, sunny days sell better, as long as the house isn't affected by crazy shadows in the wrong places. But the blue sky is something you can do yourself once you get the photos if you need to (on Fiverr).

Then of the people with good photos I'll check reviews on their site and on Zillow. I think Zillow still vets reviews, unlike Yelp (which hides all kinds of legitimate reviews). Also Google reviews can now be a pretty reliable source too - but I think Zillow is still pretty good.

Then as far as interviewing agents, I really want to feel like a) they know what they're talking about in terms of market valuation, and b) they care about having the house present at its maximum value and can help provide recommendations about that.

So they should be able to explain to you, with comps, why they're coming up with the price opinion they came up with.

And as far as what they do, my husband and I include the staging and photography as part of our service, so don't charge extra. And we end up doing a lot of other work (hours of consultation, my husband will throw in some labor, etc.) However, we are usually working with highly referred clients or previous clients, it's a much bigger risk for an agent to shell out a lot of time and money for a listing that's less of a sure thing.

So, the bottom line is your home should be prepped, and definitely should have professional grade photos, regardless of who takes them. And one option is for seller to pay for them initially and be reimbursed at closing, which takes some risk out of it for the agent.

Just a note though, if you know you'll be selling to investors, that's less of an emotional decision and I think the staging plays a less significant part in affecting decisions. In our area most homes target both markets, and primarily owner occupants.

Another important thing to note is if the agent has a history of pricing correctly. I think you can check this on Zillow by looking at 'sold' listings and checking market time, and price history. Someone who consistently prices high and with above average market times could be problematic. And if you have access to the MLS this is easy. But it's something that's legitimate to ask the agent about - their track record of listings over the past few years, showing days on market and sold price relative to list price.

There are a few ways to tweak that as well, i.e. we get postcards from a company talking about their agents' sold price to list price ratio, but if I look up their listings it's the 'most recent list price', after a price reduction. Meaning, they overpriced, dropped the price, and then got a sale and sent out a postcard talking about how great they are. :)

I know this is long, hopefully some of it is helpful. But if you have specific other questions about this I'd be curious to hear.

Post: Is a Listing Agent a glorified task rabbit? (not trolling)

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

@Chris Stroup I totally understand it's important for the listing agent to not get overwhelmed, but "scalable" doesn't matter to the one client who wants their one listing marketed in the best possible way. We don't have a team, but we have a process that works really well, and no, we wouldn't want to be doing 10 listings a month. But that actually works better for our clients.

I've heard an acquaintance say he walked into a real estate office and said 'Let me talk with your highest producer' when he was looking for a listing agent, and that's the person he hired. But I looked at his home's listing photos and the home's presentation and they were below par, so were the marketing remarks.

"Scalable" is good for the agent, but sometimes (not always, I realize) 'big producers' are leaning more towards churning things out in quantity - not necessarily doing a bad job, but sometimes not the best job because that does take a lot of time - and it will often never be noticed by the seller, but is noticeable by us who are in the industry. And it's only how that one specific sale is handled (not how scalable the agent is) that matters to the seller and affects their bottom line.

Post: Can I film a house (property) on MLS?

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

Definitely check with the NWMLS, they are very responsive and can tell you first off if this would be allowed, and secondly if you need to be getting permission from the listing agents. No one on here can actually give you the thumbs up for sure, start with the MLS.

Post: Is a Listing Agent a glorified task rabbit? (not trolling)

Irene NashPosted
  • Realtor
  • Posts 138
  • Votes 174

@Aaron Caddel I'm heading out of my office right now but will get back to your question, just checking that it sounds like you're mostly concerned with a listing agent right now? Or are you equally looking for a good buyer agent?