According to a recent article on Barron’s cover, the high-end real estate market in the US has finally seen some decline in home valuations. For a group that many had dubbed the “untouchables”, the decline may only be the beginning. Watch the video or follow the link below for the full article on Barron’s Online:
Cheap Chic: Home Price-Erosion Hits the $5 million-plus Market
By Karen Hube, Barron’s
http://online.barrons.com/article/SB121158270159218597.html?page=sp
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Real Estate | Tagged: CT, Economy, Fairfield County, Greenwich, High-End Market, Luxury | 
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Posted by changeagent
The real estate market has certainly seen better days. However, a lagging market represents a great opportunity for those agents willing to ride the waves. When things were booming, the real estate industry saw a large increase in the number of agents nationwide. Everyone saw dollar signs and ran to be a REALTOR. Now, we are seeing record numbers being forced to either leave the business or work a second job.
Agents who want to thrive and succeed in not only a down market but the eventual and impending rebound, must dedicate their time, energy and money towards developing their business and differentiating themselves from the rest of pack. The industry is constantly evolving with new technology, innovative strategies and fresh ideas. In order to come out on top when the market picks up, today’s agent cannot just go into hiberation and wait for the sun to come out tomorrow. When the market heats up again, it’s those agents who worked now that will reap the benefits of their labor.
You cannot remain idle and hope things will get better, you must be proactive! Agents must go back to basics and reinforce their overall strategies, engage their sphere/farm and actually seek out business. What is most daunting is the fact that many agents who have yet to see such a down market don’t actually recognize what the basics are. Invigorate your contacts… set up direct mail campaigns, use e-cards to send notes and news, know your inventory, get your name out! Scroll your palm pilot, Rolodex… whatever, choose a contact, pick up the phone, dial their number and start a conversation. Buyers and sellers are no longer going to magically appear at your door, you must seek them out, warm them up and ask for their business.
Remember… being proactive today will lead to an increase in productivity tomorrow.
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Branding, Marketing | Tagged: advertising, back to basics, Branding, business building, sphere of influence | 
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Posted by changeagent
Listingbook is a great new feature that has recently been made available to members of the Greater Fairfield County Multiple Listing Service (CMLS). This new tool is an excellent platform to communicate with clients, manage productivity and maintain agent brand identity.
Listingbook works in conjunction with CMLS, and it creates a forum between agents and clients, allowing you to schedule, track and analyze client’s activities. Buyers are able to conduct instant property searches, and keep an open line of communication with their agent.
Clients are continuously demanding more easily accessible information. How many times have your clients asked, “How much did that sell for?” With this new feature, you’re able to allow your clients to stay more informed about market conditions. By leveraging these web 2.0 tools, agents are able to harness the power of the internet and direct it in a fashion to better serve their clients. With Listingbook you are able to keep a more comprehensive log of your buyer or sellers activities and are able to keep in communication more frequently, effectively creating “clients for life”.
Listingbook is the perfect virtual assistant, and a complete marketing solution. Don’t miss the opportunity to use this free service to better serve your clients’ needs. The Greater Fairfield County Multiple Listing Service has upcoming informational sessions in June, visit the website at www.CT-MLS.com for more information.
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Clients, Web 2.0 | Tagged: Clients, cmls, listingbook, Web 2.0 | 
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Posted by changeagent
Today’s Realtor® is being required to embrace change and must readily identify the needs of their client-base. Web 2.0 is all about interaction. Clients are no longer helpless at the hands of the broker, but are rather empowered by the web, actively engaging and sharing information. Instead of being the talkers, we’ve actually become the listeners. Venues like trulia voices, active rain, yahoo! answers and a multitude of networking sites allow consumers to become better informed of not only the market, but also of the level of service they should expect from their agent.
In January, RisMedia reported that a recent survey found that 88% of consumers use the Internet as their primary source of real estate information, compared to a meager 12% from newspapers. We all know that the Internet is the future of real estate, and the key to succeeding in even a down market is how you make use of the potential made available to you. More agents are actively engaging prospective clients by establishing themselves as professionals through personal websites, blogs, social networking, and other e-strategies.
When a consumer searches for Realtors, they want instant access to information about you and your services. If you don’t have a web presence, your competition will succeed in converting the lead… not you. Signing up on LinkedIn or creating a website will not guarantee immediate results, but it does give you more of a chance to be found online than you previously had before.
Consumers know they need you, but it’s up to you to tell them why you’re the more qualified professional. When someone Google’s you, are you there to be found?
No Comments » | Marketing, Social Networking, Web 2.0 | Tagged: blogging, Social Networking, Web 2.0, web marketing | Permalink
Posted by changeagent
When speaking to many business professionals today, I am finding out that more and more are becoming members of LinkedIn.com. According to their website, LinkedIn is an online network of more than 20 million experienced professionals from around the world, representing 150 industries.
By joining, you are establishing your online professional presence. On your profile page you can summarize your qualifications, list your accomplishments and display your contact information. By leveraging the power of over 20 million users, you can find and be found by former clients, colleagues both old and new, and other acquaintances you sometimes would otherwise lose contact with.
For just about a year I have been on a zealous mission to get everyone I know to join LinkedIn, not only so that we can connect but that they can grow their social network and effectively help build their business. While joining LinkedIn is something I insist my clients join, many colleagues and business associates ignore the potential available to them by this online network.
Many associates have told me that they’ve joined LinkedIn and in turn now have but one connection – me! Instead of being proactive and hunting down old connections or trying to cultivate new ones, they come and ask me how come that million-dollar client hasn’t miraculously emailed them to connect.
Social networking is both a give and take affair. You must put in a great deal of effort if your goal is to reap great benefits. Simply posting a profile and waiting for the drove of connections to come to you is not only unrealistic, it is downright dumb!
Realtors® must be naturals at networking and it astounds me how so many are far from it. Not only is this business unrewarding if you don’t dedicate yourself, it serves no purpose for an agent to expect honors and accommodations without putting forth the sweat and energy to seal the deal.
Take advantage of the capability offered to you by social networking – not only will you find yourself gaining connections that can serve your bottom line, but you will be able to become part of a transformation that will affect all our futures.
__________________
Check out my LinkedIn profile by clicking on the icon below,
No Comments » | Real Estate, Social Networking | Tagged: business building, connections, linkedin, online communities, Social Networking | Permalink
Posted by changeagent
Slowly but surely the predominant online classified portal, Craigslist.org, has become an important part of many agent’s marketing plans. According to the site, it is home to local classifieds for over 567 cities and more than 50 countries worldwide. The site produces over 40 million users per month and the number of people joining the Craigslist craze just keeps growing.
Realtors® can particularly benefit from Craigslist because they are able to reach such a broad and diverse audience with just a few clicks of the mouse. Listing homes for sale or even featuring ‘wanted’ ads for your buyers makes Craigslist a must-have resource for any Realtor® who wants to be competitive in today’s marketplace.
Another resource that compliments the many features of Craigslist while adding a more colorful and descriptive posting is vFlyer.com. vFlyer is an online source where people can create wide-ranging flyers selling everything from real estate to services. vFlyer is truly an answer to everyone’s prayers who wanted to jazz up their Craigslist listing. With vFlyer, you are able to post your listing in one of their many attractive templates, brand yourself with full contact information and add up to 15 photos for display instead of the ordinary four as supported by Craigslist.
What’s better is that vFlyer automatically distributes your published flyers to Zillow, Trulia, Google Base, Oodle, Backpage, Lycos, Vast, Hotpads, Olx, Geebo, Yahoo! and DotHome. If your Broker does not already feed to these sites, vFlyer is a must-have for your online marketing strategies.
If you choose to upgrade to the paid package through vFlyer, you can use premium templates that brand the most reputable brokerages in the industry - plus you enjoy added features like the capability of embedding video into your flyer… a bonus for Prudential Connecticut Realty agents who utilize the company’s Home Suite technology.
Powered with the prominence of Craigslist and the great features of vFlyer - Realtors® are able to distribute their listings to a broad range of web sites and in a customized, agent centric display.
No Comments » | Branding, Marketing, Online Classifieds | Tagged: Branding, classifieds, Craigslist, listings, online marketing, Real Estate, vFlyer | Permalink
Posted by changeagent
Watch out Rachel Ray… Carla Rea, Realtor® in Westport recently launched a new marketing campaign targeting the food lovers in all of us. “What’s Cooking in Real Estate” is an exciting new series of videos that show Carla cooking Italian recipes in the kitchens of her listings for sale. Presently, you can see her making her delectable ‘Frittata di Zucchine’ at 11 Terhune Drive in Westport, offered at $1,400,000, and she prepares ‘Lentil Soup’ at 38 Sturges Commons in Westport, offered at $1,649,000.
Carla’s husband, Michael Rea, first came up with the vision of “What’s Cooking in Real Estate” over ten years ago, and today his dream has come to fruition with Carla’s video being featured on her website - CarlaRealty.com, YouTube, WellcomeMat, and she even has her own fan page setup on facebook.
“Real Estate marketing is continuously evolving and you always need to come up with inventive ideas to help market your listings for sale,” said Carla, “In a tough market like today and with so much inventory, you’ve got to always stay a step ahead to make sure your properties get noticed.”
Carla believes all great meals start with the right ingredients, call her today at 203 895-5788 and find out how you can put her recipe for success to work for you!
No Comments » | Clients, Marketing, Viral Marketing | Tagged: Branding, carla rea, CarlaRealty.com, frittata di zucchine, lentil soup, what's cooking in real estate | Permalink
Posted by changeagent
85% of brand decisions are made face-to-face between the sales agent and client. So while having 98% brand recognition with a brokerage like Prudential is valuable and important, you will ultimately make or break the deal.
The VRIO strategy by Dr. Jay Barney of Ohio State University is a four-step process that works effectively to separate yourself from the pack.
Real results can only be acheived when you dedicate yourself to a long-term strategy that will not only get people to recognize you, but also recognize you as the best in your particular market or niche.
No Comments » | Branding, Marketing | Tagged: Branding, Marketing, Real Estate Agent | Permalink
Posted by changeagent
Prudential Connecticut Realty recently announced the launch of their exclusive new web feature, Home Suite. This cutting-edge technology will allow Prudential Connecticut agents to maximize online exposure for their listings, as well as to create a distinct web presence.
Single-property sites are powerful, cost-effective tools to promote property listings both online and offline. Prudential Connecticut Realty’s new Home Suite allows for agents to establish custom websites dedicated to the particular listing being marketed. Web browsers can easily navigate several pages of useful information targeted towards the specific property, including features like video, aerial photography, community profiles, custom descriptions, and links to additional information.
As an example, Candace Blackwood of Prudential Connecticut Realty’s New Canaan office used Home Suite technology to create a single-property site for her listing at 430 Frogtown Road in New Canaan, currently listed for sale at $4.850 million dollars. To view the Home Suite and to learn more about the property, visit the website at www.430FrogtownRoad.com.
RISMedia released a recent survey showing that 88% of home buyers were using the Internet to find a home, and while buyers are able to go any number of broker’s sites for MLS data, they can just as easily go to an agent’s Home Suite (single-property site) and view everything about the listing in one convenient location.
Accordingly, for about the same cost as two lattes, agents can now purchase a personalized domain name allowing them to center all their marketing around one easy to remember URL.
Living in a web 2.0 world, consumers are demanding fresher and more descriptive information about homes for sale. Prudential Connecticut Realty’s new Home Suite is certain to make buying a new home throughout Connecticut and Rhode Island an easier and more rewarding experience.
For more information about Prudential Connecticut Realty, visit their website at www.PrudentialCT.com.
No Comments » | Home Suite, Marketing, Prudential Connecticut Realty, Web 2.0, single-property sites, web marketing | Tagged: domain names, Home Suite, Internet, listings, Prudential Connecticut Realty, single-property sites, web marketing | Permalink
Posted by changeagent
A new website has been recently released allowing visitors to rate their agent’s performance, summarize their experience and recommend them to future clients. AgentRank.com was developed by Marc Dugger, creator and developer of RealtyBaron.com, a similar site allowing agents to search for business and negotiate commission rates.
In a web 2.0 world, consumers are demanding that their voices be heard and AgentRank.com now gives them that outlet. Think about how many times you are asked to rate something — order something at an online retailer and you’re asked to rank those products, rent movies from netflix and rate them for other members online… the desire for today’s consumers to be educated and aware is strong. What better way to establish yourself in your marketplace than to have prospects view rankings and testimonials via AgentRank.com.
The site also features API, application programming interface, which allows agents to embed their rankings onto external websites.
Presently, there are four agents that have been ranked in the Stamford, Connecticut market. Will it last? Is it worthwhile? AgentRank.com has all the potential to become a valuable resource for consumers and agents alike who value consumer awareness and for those who aren’t afraid of being criticized for all to see.
No Comments » | Real Estate, Web 2.0 | Tagged: agentrank.com, consumers, ratings, real estate agents, Web 2.0 | Permalink
Posted by changeagent
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