Tom Ferry Success Summit 2019 in Anaheim, California – The Top 8 Ways to Become “Un-Disrupt-able”

I spent last week in Anaheim at the Tom Ferry Success Summit. The week was jam packed with great speakers, networking events, breakout sessions, and fun! I wanted to outline a few of my “major takeaways” to share with my agent & broker friends.

If you’ve been in real estate for a few weeks, a few years, or a few decades, there’s a high probability you’ve heard the word “disruptor” when referring to many of the new companies that are entering the real estate marketplace. One of the key items we reviewed were:

The Top 8 Ways to Become “Un-Disruptable”

  1. Take Responsibility – this is MY business!
  2. Stockpile Cash – stop spending money on dumb $hit! Know your average cost per transaction & your most profitable transaction. Force your savings for both savings & taxes (make it happen)
  3. My Business is a math equation – have more conversations. Review your numbers, and understand HOW many conversations and appointments actually result in sales.
  4. Run a Tech Enabled Service – how can you better automate your business?
  5. Build the Marketing Parthenon – add more lead sources
  6. Position Yourself as the Agent of Trust – be the authority
  7. Up Your Game on Experience & Conversion – what can you do to surprise & delight your customers?
  8. A Team Outproduces an Individual – if a “team” isn’t your thing, add admin support. Spend your time on money making activities.

For a full look at Day 1 at the Success Summit, check out our YouTube page.

Stay tuned for more info & content from my time in Anaheim. Until then, let’s keep in touch on social media.

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®, The MOVEMETOTX Team
2 Greenway Plaza #150 Houston, TX 77046

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FOLLOW US ON SOCIAL MEDIA:
Home Buying Series: bit.ly/movemetotxbuy
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Facebook: facebook.com/movemetotx
Instagram: instagram.com/movemetotx
Twitter: twitter.com/movemetotx
Website: movemetotx.com

Tom Ferry Success Summit 2019 in Anaheim, California – The Four Activities of Top Producers

Four Activities of Top Producers

After reviewing 10,000 hours of top coaching clients, the consistent activities of top producing agents (this really could be for any business), these four items kept coming up:

  1. My Business Intelligence vs. The Market: Analyze your numbers! For example: how many listings do you have, how many buyers, your appointments, and conversations. Then… compare this to your industry averages!
  2. Check in with Your Personal Motivation: Who are you working for? Why are you doing this? What are you working toward?
  3. Consistency. Marketing, Content, and Lead Generation should always be CONSISTENT.
  4. Work on the People & The Systems: improve your culture, get more strategic, and USE technology to make things smooth & systematic!

Check out the Tom Ferry Show from 08/20 for more details on some of these disciplines! You might even see a fun special guest! 😉

Stay tuned for more info & content from my time in Anaheim. Until then, let’s keep in touch on social media.

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®, The MOVEMETOTX Team
2 Greenway Plaza #150 Houston, TX 77046

———————————————-
FOLLOW US ON SOCIAL MEDIA:
Home Buying Series: bit.ly/movemetotxbuy
Home Selling Series: bit.ly/movemetotxsell
Facebook: facebook.com/movemetotx
Instagram: instagram.com/movemetotx
Twitter: twitter.com/movemetotx
Website: movemetotx.com

Agent Tips: Questions to Ask When Finding a Brokerage…

Choosing a brokerage can be tough… but we’d like to provide you with a few things to think about (and ask) when interviewing brokers! The foundation of your real estate career is very important, so training and development are key. But, I think the biggest thing is finding the right culture — whether that be a team, a mentor, or an office — finding a place where you feel comfortable and your core values align.

We’ve broken the “key” questions down into a few categories:

Culture

  • What is the company culture like here?
  • Would it be possible to get a tour of the office and meet some agents?
  • Can I sit in on an upcoming training session or team meeting?
  • Do you have weekly/bi-weekly/monthly team meetings?

Training/Mentorship

  • Is there a cost associated with new agent training? Is this mandatory?
  • What forms of on-going training and continuing education do you provide?
  • Do you provide any formal mentorship program?
  • Am I able to shadow a more experienced agent?

Marketing

  • What marketing materials are available? Do you offer business cards or any other company-paid advertising/marketing materials?
  • Do I receive leads?
  • Can I “brand” myself and my business? If so, how?
  • Where does the brokerage currently advertise?

Office

  • How many agents work at this brokerage?
  • Does this brokerage have part time and full time agents?
  • Do you provide an independent contractor agreement?
  • What kind of administrative support can I expect from the brokerage?
  • At what times do I have access to the office?
  • Does this brokerage deal in residential real estate? Commercial? Tenant/Rental?
  • Will I be able to do open houses for other agents?
  • What are the brokerage’s short term goals? Long term goals?
  • Do you have a office/phone time requirement?

Money!

  • What costs will I incur?
  • What are the commission splits?
  • What commission split would I start at?
  • Do you have desk fees?
  • Are there franchise fees?
  • Do you offer “caps”?
  • Do I have to pay for my yard signs? Lockboxes? Sign Riders? MLS dues?
  • Do I earn a bonus or any commission for referring another agent to XYZ Brokerage?

If you’re thinking about starting a career in real estate [especially in Houston, TX] and have questions, shoot me a DM on Instagram, or an e-mail!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.movemetotx.com | http://www.instagram.com/movemetotx

19 Hours, 2 Flights, 1000+ Agents #CBRocks – #TomFerry in Chicago with Coldwell Banker

Man… What a day! Had a 19 Hour Day [door to door]… headed up to Chicago for a Tom Ferry seminar with Coldwell Banker Real Estate LLC! Post-GenBlue in Vegas, I saw a post on Ayoub Rabah’s Instagram promoting a Coldwell Banker Chicago event with Tom Ferry. I commented “Got any extra seats? 😉” — and when I actually got a response back of “It’s Open, come on up!” I laughed it off… then actually thought about it!

Booked a flight up to Chicago (for the day) and set office meetings with some local agents! I love working with a company that has a local presence and global reach. The opportunity to network with like-minded agents in other markets is invaluable! Meeting with local agents in their markets is helpful for many reasons – to understand local market intricacies, to mastermind around marketing campaigns, and to develop referral relationships with top-notch agents across the country.

After stopping in at the Coldwell Banker Gold Coast Global Luxury office, we headed to the United Center for the main event – a Tom Ferry seminar! The focus was surrounding “Business Building Truths” and key takeaways from 32,000+ hours of Tom Ferry Coaching.

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“What got you here won’t get you there.”

His seminar started with the task of agents taking a hard look at their business, and the question of How did YOU Build Your Business? The story of the “Three Little REALTORS®” comes in to play… did you build it on a foundation of straw, sticks, or bricks? (Or a combination of the three). Admittedly, if I were to look back on the start of my business, it was probably built on a foundation of straw and sticks. No operational excellence, no systems, no measurable statistics or  goals. While I knew I wasn’t going to let anyone outwork me, I wasn’t really sure what I was creating, and it definitely wasn’t repeatable or scalable.

The main focus of the day was “This is My Business” and taking a look at the different ways we should take a deeper level of responsibility for the business that we conduct each day.

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Are You Living Paycheck to Paycheck? Money in, Money Out….

We took a look at some ways to build wealth, rather than living commission to commission and reducing the “roller coaster” of business (ups and downs) that so many agents seem to fall into.

While 5% of people can be categorized as “Generational Wealth” (ie: $10M+ net worth), and about 15% could be considered “Wealthy” (ie: $3M+ net worth),  the scary stat is the remaining ~80% are “BROKE” — relying on the government, their family or must work to live.

We dove deeper into the idea of having an operations account, personal account, and investment account (You can see more on Tom Ferry’s YouTube Page), and the idea of working because you want to, not because you need to. Once you’ve divided out your expenses and truly understand where you’re spending money, you’re able to demand a better ROI and also adjust marketing/spending when the market shifts.

The Top Five Takeaways from the day:

  1. Live off less – stop buying D.S! (Dumb Shit)
    Pretty self explanatory. Do you really need that “Chicago” coffee mug from Starbucks?
  2. Track and measure your dollars rigorously!  Demand a better ROI!
    What can be measured can be managed. Knowing what is successful (and what is not) will allow you to make better decisions than spending a ton of money on a lot of different lead sources that may or may not be profitable.
  3. Create a better relationship with your bank(er)!
    I’ve always said it’s a lot easier to make money when you already have it, and the same applies for lines of credit, loans, etc.
  4. Focus on generating more revenues!
    Most business coaches and brokers are proponents of having multiple lead sources and streams of income. The entire “don’t put your eggs in one basket” approach.
  5. 10+doors!
    Invest, Invest, Invest!

Watch a snapshot of our experience (and some #TomFerry knowledge) here:

If you’re looking to move in the Greater Houston area or thinking about getting into real estate, please reach out! I’d love to chat.

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Coldwell Banker Open Houses: Saturday 05/19 & Sunday 05/20

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1207 Detering St, Houston, TX 77007 – 3 Bed, 4 Bath – $359,485

Open House: Sat May 19, 2:00PM-5:00PM & Sun May 20, 1:00PM-3:00PM

More Info: https://www.har.com/1207-detering-st-houston-tx-77007/homevalue_7888278

Nestled between Washington Avenue and I-10, just off TC Jester, this stunning move-in ready home provides a quiet retreat from the hustle and bustle of the city. Enjoy entertaining friends and family in an open second floor. Your bright and functional kitchen with stainless steel appliances, built-in oven and microwave, and island-gas range overlook both the dining area and the living area. Enjoy two patios off of the living space for everyone to spread out. Each guest bedroom features an en-suite bathroom plus ample storage space, with both walk-in closets in the bedroom and linen-style walk-in closets in the bathrooms. In your master retreat, enjoy a small Juliet-style patio, lots of natural light, and a spa-like bathroom. The master bathroom is expansive, with double-sinks, whirlpool tub, stand-up shower, separate water closet, and linen closet. Walk to local bars and restaurants, and enjoy the ultimate inner-loop lifestyle at an affordable price.

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7906 High Knoll Ln, Houston, TX 77095 – 4 Bed, 2.5 Bath – $259,000

Open House: Sun May 20, 2:00PM-4:00PM

More Info: https://www.har.com/7906-high-knoll-lane/sale_92620823

Gorgeous semi custom one story home in the heart of Copperfield. Corner lot with detached garage, great curb appeal with lush manicured yard & water feature in backyard. Floor-plan includes game-room & additional half-bathroom. Huge Master witg sitting area & spacious two walk-in closets. Extensive tile floor, and carpet in the bedrooms. Updated Kitchen with island, granite counters, stainless-steel appliances & sink. Close-by (pocket) green space for kids or to walk your pets. Could this be your new home?

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5414 Drumlin Field Way, Richmond, TX 77407 – 4-5 Bed, 3 Bath – $274,900

Open House: Sat May 19, 2:00AM-4:00PM

More Info: https://www.har.com/5414-drumlin-field-way/sale_22988728

Next we have a four bedroom, three bath in Richmond, TX. This home comes with upgraded engineered wood flooring from the entry-way to the living room, a 5 burner stove, energy-saving dishwasher, and a new fixtures for the kitchen sink. Gorgeous Plantation shutters throughout entire house; Security Glass doors at front and back; enlarged patio with great Sunset-awning over patio with automatic remote; sprinkler system, yard nicely landscaped, and much more. Separate 4th-Bedroom with Full-Bath for guest or separated-suite for the in-Law’s. Wouldn’t you like to see this beautiful home?

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2858 Torano, League City, TX 77573 – 4 Bed, 3 Bath – $299,000

Open House: Sat May 19, 12:00PM-2:00PM

More Info: https://www.har.com/2858-torano/sale_61584305

This gorgeous Tremar floor plan built by Chesmar Homes is situated on a huge lot with a pool-sized back yard waiting just for you. You will walk in and fall in love with this well maintained, four bedroom, three bath home in the Heart of Tuscan Lakes, it features wood floors and tall ceilings with a warm, inviting, spacious living room that can fit a grand piano. The kitchen design makes cooking easy, a time-saving breakfast bar for those busy mornings, also features stainless steel appliances. Outside is a dream, you will enjoy the convenience of the underground sprinkler system that keeps your lawn and flowers beautiful the easy way. Watch the Kemah Boardwalk Fireworks from the second floor. Don’t wait, make the call.

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24311 Water Hill Ct, Katy, TX 77494 – 4 Bed, 3.5 Bath – $340,000

Open House: Sat May 19, 11:00AM-2:00PM

More Info: https://www.har.com/24311-water-hill-court/sale_63567694

This prestigious Katy golf course community home sits on a culdesac lot and backs to the community’s private golf course. With lush green landscaping and mature trees enjoy the shade on your covered back patio or get a little sun on your private balcony. This four bedroom three and a half bathroom home has well allocated spaces and fine finishes throughout. Enjoy walking in to this grand entry with rich hardwood floors, architectural elements, formal dining, study, gorgeous updated kitchen with stainless steel appliances, granite counters, a two story living room with custom built-ins and a wall of windows inviting a lush green view of the golf course. Spacious bedrooms, playroom/flex room and game room upstairs. Low tax rate and convenient access with multiple routes to major highways. You deserve this, hurry up and don’t miss your chance!

For information on these, or any other homes in the Greater Houston area, reach out today!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

 

Houston Real Estate: EaDo Market Update – November 2017

 

Man, can you believe it’s already almost 2018?! I don’t know about you, but I feel like this year has flown by.  Wanted to give you a quick market update on EaDo (Houston, Texas 77003).

Key Points for EaDo:

  • 15 homes sold in November 2017, at an average sales price of $325K
  • 46% were New Construction homes close to Navigation and Harrisburg
  • 5.7 months of inventory on the market today, or 138 active listings
    • 6 “lot value”
    • 78 new construction listings (Average List Price $636K)
    • 54 resale listings (Average List Price $361K)
  • Average Days on Market for Listings Sold in November
    • Single Family: 145 days on market
    • Townhouse/Condo: 116 days on market

If you’re interested in buying, selling, renting, or investing in East Downtown Houston, please reach out!

17-11 77003

Coldwell Banker United, Realtors – Metropolitan
MOVEMETOTX – Katie Day Team
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Friday Feature: 3347 Kilgore

We were out in the TMC area this week and checked out 3347 Kilgore.  This newly built 3 bedroom, 3.5 bathroom town home is gorgeous!

This three-story home sits inside a gated community in a prime location, just off of 288.  You’re minutes from the Medical Center and about 10-15 minutes from Downtown.  The  living-dining-kitchen area flow well together, and are perfect for entertaining!  There’s also a patio off of the living area.

If you’re ready to tour, reach out today! We’d love to assist you in finding your new home.

Coldwell Banker United, Realtors – Greenway Plaza
MOVEMETOTX – Katie Day Team
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Friday Feature: 1422 Corral Dr, Houston, TX 77090

Welcome home to 1422 Corral Dr, a gorgeous 2-story Ponderosa Forest 4 bedroom, 2.5 bathroom home. The first floor comprises the common living spaces and includes a bar, brick fireplace, family room and sun room. Your updated eat-in kitchen features lovely granite counters and tile back splash.  Entertain in your formal living and dining rooms.

All bedrooms up, with a large master bedroom and equally spacious private bathroom.

We will have an open house on Saturday, September 16th from 1 PM – 3 PM.  For information, contact Amanda at 832-851-6700.

For more info, visit our website today.

Bedrooms: 4
Bathrooms: 2.5
Sq. Feet: 2,628
Price: $179,000

Coldwell Banker United, Realtors – Greenway Plaza
MOVEMETOTX – Katie Day Team
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Texas Association of REALTORS®

The Texas Association of REALTORS® publishes a lot of great articles regarding real estate laws and landlord/tenant law, and have been extremely helpful with posts for post-hurricane information.

We’ve compiled a few that may be of interest to you:

  • The Texas Association of REALTORS® Relief Fund helps people who’ve suffered losses due to natural disasters in Texas.  Currently, the fund is accepting applications from individuals who (i) have suffered damage to their property or (ii) have been displaced (either temporarily or permanently), as a result of the severe weather and flooding event which began August 25, 2017.
    • You can apply online (REALTOR® application and Public application) or download and email/mail the application.
    • Assistance is limited to $1,000 per applicant, and is restricted to applicants who are located within the jurisdiction of a participating local REALTOR® association and in one of the counties for which the governor has declared a state of disaster. 
  • What are your rights for terminating a lease due to Harvey storm damage?  If you signed a TAR lease, paragraph 25 details casualty loss (including a loss due to weather events).  Read more HERE.
    • If you signed any other lease, you should contact your landlord before moving out to ensure you are both on the same page!
  • If you are an agent with a current transaction, the standard TREC 1-4 Family Residential Contract outlines many items that could be impacted by Harve.  Read more HERE.

If you have specific legal questions, keep in mind that the State Bar of Texas legal hotline (800-504-7030) will answer their basic legal questions and connect you with local legal aid providers.