The One Thing That Matters in Real Estate is Relationships

The One Thing That Matters in Real Estate is Relationships

A subtle shift back to basics is happening in the industry.

In my interviews with team and brokerage leaders and sales professionals, I’ve noticed a move away from discussions about technology and toward relationship building. The shift is subtle; after all, I’m constantly deluged with press releases on new technology and information about what the networks are doing in terms of building and providing a technology platform.

Stop me if you’re heard this one: Technology is there to facilitate the offline relationship. But, all too often, real estate professionals use it as a crutch to form “fake” trust. Let me tell you a secret; no one trusts you just because you post on social media and reach out through text messaging. But, social media, text messaging, and online contact can help you build trust quicker once you do meet in person.

Brokers work to build trust with their agents. Real estate professionals work to earn trust with consumers. Here are some activities brokers, team leaders, and agents are telling me they are doing to build relationships.

  1. No lunches alone. For brokers, it means lunch with an agent, manager, ancillary service provider, or recruit every weekday. These one-on-one, or small group lunches, create a culture of sharing, thus building relationships that transcend business.
  2. Prospecting phone calls. Successful brokers set aside one or two hours each day to recruit new agents. Phone calls lead to in-person meetings which leads to connection. For sale associates, calling five to 10 people from your database each day and offering them information of value shows you care.
  3. Video emails. I know a broker who sends out personalized BombBomb videos to prospective recruits. In the videos, he addresses the person by name, offers a personal comment, and offers something of value to the recruit. It’s more personal than a phone call and makes it easier to build a relationship.

The key to using many of the technology platforms on the market today is to use them to move the conversation offline and in person. For brokers, it’s also vital to teach your sales professionals how to take that online contact offline. The funny thing is, the Millennial generation understands this. Think dating apps. They use them to facilitate an in-person meeting. So, next time you use your technology platform to communicate to consumers, agents, or recruits, think about how you can move the conversation offline. Build your marketing around that goal.

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After earning her bachelor’s degree in journalism at the University of Central Florida, Tracey set out in the real world at Florida Realtors in 1994 as a communication assistant, working her way up to editor in chief of Florida Realtor magazine. In 2004, she left the association to start her freelance writing and editing business. One of her first clients was REAL Trends, and she started working for the organization in 2005. In 2014, Tracey was promoted to editor in chief of publications for REAL Trends. She handles the writing and editing of all REAL Trends publications and marketing materials, including LORE Magazine, the REAL Trends newsletter and the blog. She is also the primary podcast interviewer where she conducts interviews with top real estate industry leaders and affiliated industry leaders. Tracey is married with two children.

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