ALABAMA 1-27-20

ALABAMA EDITION

5 SOCIAL MEDIA MISTAKES REAL ESTATE AGENTS MUST AVOID

COOPERATION, NOT COMPETITION, CREATES MUTUAL SUCCESS FOR AGENTS

MILLENNIAL BUYERS:

Where They Are & What to Know FEATURED AGENT

MICHELLE TYSON

COVER STORY

MARY BELL

ALABAMA EDITION

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MICHELLE TYSON

MARY BELL

CONTENTS 4) 5 SOCIAL MEDIA MISTAKES REAL ESTATE AGENTS MUST AVOID

15) MILLENNIAL BUYERS: WHERE THEY ARE & WHAT TO KNOW

6) COOPERATION, NOT COMPETITION, CREATES MUTUAL SUCCESS FOR AGENTS

21) PROPERTIES: THE GOOD, THE BAD, AND THE UGLY

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SOCIAL MEDIA MISTAKES

Real Estate Agents Must Avoid There is perhaps no greater marketing tool for agents these days than having a large presence on social media, but there is more to social media marketing than just opening an account and gaining followers. A lot of agents forget the social part of social media. It’s all about engagement, but it needs to be the right kind of engagement. This can often be the first impression potential clients or industry peers have of you, so make it count. There is no second chance to make a first impression, and that is especially true for real estate agents. Here’s just a few things you want to avoid.

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1 Using it to Vent

Social Media is a great place to complain and commiserate about things, but save that for your personal page. A real estate transaction is already a stressful ordeal, the last thing anyone wants is someone who seems like they’ll bring a negative energy to the process. Even worse?

Bad mouthing other Realtors® or listings. You’re selling yourself and your skills, so don’t sell anything that shows you in a bad light. Much like marketing a property, everything you put out should be professional and inviting.

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Lack of Consistent Branding

Yes, social media is about social engagement, but it’s also about creating brand recognition. While you don’t want it to be purely promotional, you are running a business, so create a consistent branding across all social media platforms. If you can afford a professional graphic designer to help you out with this, that’s great. But at the very least, have the same profile pic, cover image and highly visible contact information, across the board. And don’t forget to share links to your other accounts, some people prefer different social media applications.

3Not Posting Enough

It’s good to create a schedule of how many times you’ll be posting per day and to pick times when you might have the most engagement.

Don’t over do it, but three posts a day at the right time, tends to be a good goal. There are numerous tools on Facebook, for example, that

can let you see when interactions are the highest.

Stick to your schedule and adjust accordingly.

It’s also important to not just post your listings.

Be a resource for people who follow your page.

Post community events, or other informative articles that are relevant to home ownership.

Be a page they want to follow even when they aren’t buying or selling a property. They’ll remember you when the time comes.

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Not interacting With Your Followers

It’s called social media for a reason. The more you engage with your followers, the more they see you as a real person, and not just a marketing tool. Not only do you get to know your past clients and potential clients, on Facebook, engagement actually will make your posts seen by more people. So it’s a win/win.

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Not Sharing or Linking to Others

It might not seem like a good idea to not promote the blogs, pages or listings of other people, but it’s not only an excellent way to build goodwill, it will also increase your own presence when they reciprocate. So make a point to share posts and links for local businesses and even the blogs of your peers, if it’s a post that offers valuable insight into an expertise you don’t have. That will encourage them to share your posts and even your listings, which will increase your potential buyer pool. This is another incentive to create your own blog. Unique informative content is always of value, and more likely to be shared than promotional links.

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Cooperation, Not Competition, Creates

Mutual Success for Agents When people get along during a business transaction, everyone comes out happier. And in a service industry like real estate, agents have the power deliver that happiness. By working cooperatively, sharing advice and helping each other help clients, agents not only enhance their own reputations, but that of real estate in general.

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“Bring everyone together” Matt Kobelski, with Credentials Real Estate Group in Massachusetts, points out that providing good service involves more people than the party you’re representing. “I’m not afraid to bring together all the parties in a deal and say, ‘OK, let’s figure out a solution that works best

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Teaming up with an agent from a different brokerage on a transaction is not as uncommon or complicated as it might seem

for everyone,” he explains. “My goal is to avoid being adversarial.” Real estate, he believes, should always be a field in which each person can win. “It’s about working toward a mutual goal, shaking hands, and walking away happy that a seller sold, a buyer bought and everyone got what they wanted.”

But Is it that simple? Most agents have experienced the ways conflicting personalities and tension during a transaction can heat up even the most cordial relations. In reality, however, it’s more productive to let down your guard and work with others as a team than it is to allow stress and competition to preside. South Florida REALTOR® and broker associate, Risë V. Siegrist, for instance, has zero interest in competing with other agents. “It’s more important to be professional and associate with competent, caring people,” she says. By serving others with a cooperative spirit, experienced agents like Risë set an excellent example for emerging real estate stars. Risë hopes to be a model for the next generation of agents, training people who may one day become part of her team.

Risë’s position on cooperation inspires more reasons for nurturing relationships with other agents. Over the decades, many agents change brokerages several times. Who knows if that agent across the table will one day work at the Top Agent Magazine

same brokerage you do? Perhaps you’ll even have an opportunity to partner on an exciting, future transaction. Good relations keep doors open to endless possibilities.

Co-listing cooperation Teaming up with an agent from a different brokerage on a transaction is not as uncommon or complicated as it might seem. In fact, some agents cleverly capitalize on their collective attributes, rather than competing against one another. South Carolina REALTOR® Kimberly Pannit is a perfect example of the universal benefits of co-listings. Although she has always been an independent agent, Kimberly works hard to form professional alliances that give her business the feel of a cooperative network across brokerages.

This cooperative approach may be nontraditional, but it benefits clients in unique ways. By working closely with agents at other brokerages, she shows how agents can improve client service while helping one another.

Kimberly’s cooperative approach began in her own neighborhood, where an agent friend from a different brokerage also lives. “Several years ago, I approached her because both of us were friends with our neighbors. I asked, ‘Why don’t we give our neighbors superior service and

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co-list together? We both love our area and are passionate about our jobs, the location and schools.’” She also didn’t want to make their mutual friends choose between them when they could work together. “I said, ‘Let’s give them amazing service together!’” With their brokers’ permission, two weeks later the agents co-listed their first home and put extra energy into ensuring uninterrupted client service.

Networking and “Co-opertition” When the ultimate goal is to match a client with the perfect home or create optimal terms of sale for a listings, networking with other agents can facilitate that ideal buyer-seller match.

Nashville REALTOR® and broker/owner Lisa Land embraced every opportunity to contribute meaningfully to the real estate industry and to her local market, even before building her own team. “Agents would frequently ask me for help or advice,” she says, noting that she shares, rather than guarding, the methods she uses to get through difficult or confusing transactions. “I was fortunate to have great mentors when I started in real estate, so I’m always

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willing to offer help, even to agents outside of The Luxe Collective.”

Meanwhile, on Cape Cod in Massachusetts, Janet Leigh Scott describes the climate between agents as relaxed and professional. “While the real estate market is highly competitive, we’re truly a ‘co-opertition’ market; agents work together and a have greater sense of community than you might experience in off-island brokerages,” Janet says. “If I have buyer coming into town, I’ll reach out to agents I’ve done transactions with to ask if they have anything coming up that might not be on the market yet.”

Even in hot, competitive L.A. real estate, independent agents such as Andrej Nagy of The Agency RE knows the importance of receiving and providing professional mentorship.

“My relationships with clients are extremely important,” he says. “But my relationships with agents on the other side of a deal are also important.” For REALTORS® like him, working smoothly with other agents is a privilege.

Doing so builds rewarding relationships while ensuring win-win transactions for everyone at the closing table.

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MARY BELL Top Agent Magazine

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Top Agent Mary Bell spearheads her work under the banner of Keller Williams, serving clients of all kinds across the greater Birmingham region.

Mary Bell always had an interest in real estate, but it wasn’t until 2017 that the timing was finally right for her to complete the transition to life as an agent.

Initially licensed in 2002, she cut her teeth in marketing for a Florida homebuilder and staged a few moves to different states before she and her husband settled in Birmingham. Since then, Mary’s career trajectory has swiftly taken off, along with her reputation for transparency, consistent communication, and a personal touch.

Today, Mary spearheads her work under the banner of Keller Williams, serving clients of all kinds across the greater Birmingham region. There, she is supported by an operations manager, Dana Baswell, as well as a transaction coordinator, Tonya Yarchak.

“My team is made up of rock stars,” Mary says. “They make sure compliance and customer service are delivered every time.”

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From the outset of her career, Mary has set herself apart through her work ethic, track record, and expansion into specialty sectors of the business, namely the luxury market.

She recently earned her Certified Luxury Top Agent Magazine

Home Marketing Specialist designation and heads her office’s luxury home committee. Regardless of price-point, however, Mary’s focus is on providing clients with service that’s attentive, customized, and 11 Copyright Top Agent Magazine

Concluding her second year in the Birmingham marketplace, Mary closed roughly $15-million in volume, at an average price-point of $300,000. rooted in their best interests. “I’m honest, and I’m never pushy,” Mary says. “I only want what’s best for my clients, even if that means slowing down instead of making a quick deal. I want buyers and sellers to do what’s best for them and their families, and throughout the process, we often become extremely close. Those relationships are at the center of what I do.”

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When listing properties, Mary begins by curating an immersive and compelling presentation of homes headed to market.

This means professional photography and videos, high-quality flyers, open houses, and social media campaigns unite to create wide-ranging exposure for all properties. Additionally, her brokerage’s global platform allows listings to lure Top Agent Magazine

audiences far and wide, a tool that particularly comes in handy when shopping distinct luxury properties. Concluding her second year in the Birmingham marketplace, Mary closed roughly $15-million in volume, at an average price-point of $300,000—well over the area’s average. Still, Mary’s service covers quite a range, with current listings ranging from $285,000 to $879,000.

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Beyond the office, Mary gives back to her professional community through networking events and her founding of the local chapter of Business Network International. In her free hours, she most enjoys time spent with her family and loved ones, traveling, and shopping.

As for the future, Mary intends to keep momentum going strong as she grows Copyright Top Agent Magazine 13

her business and presence in the area.

Now, with two sterling years behind her and a bright road ahead, she considers what she enjoys most about her chosen path. “I love what I do,” she says. “It’s very rewarding to be part of a such a big

decision for a family. I meet people at all different points in their lives, during all sorts of transitions—from getting married to growing their families. It’s an amazing feeling to help others lay the foundation for their lives.”

To learn more about Mary Bell email marybell@kw.com, visit marybell.kw.com, follow her on Instagram @soldbythebell, or call (205) 440-0860 or (205) 492-0004 www.

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Millennial Buyers: Where They Are & What to Know Homebuyers and sellers come from all walks of life. If you’ve been an agent for long, you’ve likely worked alongside a wide variety of folks—from first-timer homeowners and down-sizers, to second home searchers and those finally hunting for their dream home. While there is hardly a shortage of diversity in the housing market, there Top Agent Magazine

is one generation that is making big strides in homeownership these days: Millennials.

Millennials can be loosely defined as those between the ages of twenty-two to thirtyseven. As you can see, this constitutes a wide swathe of the population. If you’re an agent who stands to learn a bit more about

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a demographic whose influence and homeownership goals are rapidly evolving, tune in below for a few pointers that can help you expand a segment of your clientele in the process.

Where do Millennials prefer to buy?

Many Millennials came of age during or immediately following the Great Recession, and as such, many of them relocated or returned to mid-size cities and smaller communities where the cost of living was most affordable. Of course, there are countless Millennials that call the U.S.’s major cities home—especially those in the

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tech industry. The good news is that you can court Millennial clientele no matter where you service area is located. That said, community amenities are of great importance to this generation. They value public transportation, green space, and entertainment—from coffee shops and topnotch restaurants to farmer’s markets and boutiques. Emphasizing those attributes will be key in selling to Millennials and locating neighborhoods they’re most interested in.

What sort of communication do Millennials prefer?

Most Millennials are digital natives, or close to. That means they grew up learning

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how to navigate digital spaces, and prefer to communicate through mediums like email, text, and social media. This isn’t to say that Millennials aren’t good communicators, but they’re often on the go, and have learned to research and shop online. To accommodate this, it’s best to build a presence across the most popular listing portals and social media platforms. Although, it’s not enough to establish a site and wait for the calls to come in. Responsiveness is a key factor for Millennials, who expect speedy response times. Make sure you’re checking your inbox frequently, responding accordingly, and engaging with your audience online. This will let Millennials know

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that you’re savvy, available, and understand the value of their preferred method of communication.

Are Millennials ready to buy?

It’s a common misconception that Millennials are uninterested in the rite of passage of purchasing a home. While Millennials maybe waiting a bit longer than their parents did to buy a home, there are good reasons to explain this phenomenon. For starters, Millennials entered the job market during the downturn, which means they are more conservative when making big purchases, and have to play catch-up to reach a sound

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financial position. Likewise, student loan debt has proved a major financial inhabitation for Millennials. Instead of socking away a few hundred a month to save for a home, they’re forking over that cash to pay down their educational loans. How does a Realtor compete with this reality? For starters, a bit of understanding goes a long way. Work with your mortgage partners to find financing possibilities that cater to this younger demographic. Recognize that Millennials—like most buyers—have some trepidations when buying a home.

Also consider fielding Millennial clientele with the long view in mind. You might be 18

courting them for months or more until they’re ready to take the plunge, but they’re also famous for their reviews. When a job is done well, Millennials shout it from the rooftops—or at least share it a dozen time from their phone.

As time passes, Millennials will continue to dominate the marketplace when it comes to buying and selling homes. A little self-education on this powerful demographic can go a long way. If you know your clients and your audience, you’ll be in a far better position to serve their interests and make a customer for life.

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MICHELLE TYSON With a love for helping people and a background in psychology, it is no wonder Michelle Tyson has fallen in love with the real estate industry. She got her start in 1995 and hit the ground running straight away. Today she serves the River Region of Alabama, with nearly 100% of her business based off of referrals or repeat clients. Michelle puts her clients first and always wants what is best for them.

She guides them throughout the transaction, making sure no question is left unanswered. It’s these qualities that have led her to become the success story she is now.

“I’ve learned in this business that if you follow your heart and not your wallet, and you treat everyone with respect and kindness, they will appreciate the hard work you do,” Michelle explains. Those who have worked with Michelle have loved every minute of their experience, and don’t hesitate to tell their family and friends to work with her. “I have many clients who have bought every home they’ve ever purchased with me. I live my life with a grateful heart,” she says. One way she expresses that gratitude is by participating in Homes for Heroes®, which helps military members, teachers, law enforcement, firefighters and healthcare workers purchase a home and save money. Michelle has found it to be incredibly rewarding to be a part of this program.

“It’s a way to say thank you to them for all they do for us. It is so satisfying to be able to do that.”

When it comes to marketing, Michelle also goes above and beyond, hosting open houses, promoting listings online, and utilizing all of the latest technology. She is currently learning new ways to film videos and is part of a company that makes learning the new tech features an easy process.

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After the transaction, clients love to leave glowing reviews about their time together. One recently said, “Michelle is an incredible Realtor and property manager. She managed our property for 5 years and did an amazing job. We never had to worry about our home. She is a wonderful Realtor as well. She was able to get us an offer in 7 days on our home. In addition, she has sold the homes of some of our family members as well with similar success. She goes above and beyond and does things that most Realtors would leave up to the seller. I can’t recommend her enough.”

During any free time, Michelle is giving back through Habitat for Humanity or staying involved in any local animal rescue groups. She has rescue dogs as well as rescue peacocks. Michelle also loves spending time with family, including her four grown children and husband.

As Michelle continues to grow, her love for this industry only gets stronger. She can’t wait to see what the future holds. “What I love most about this industry is being able to help people find their perfect home.

Everyone deserves a home.”

For more about Michelle Tyson, please call 334-558-2442 or email mtyson11@ymail.com Copyright Top Agent Magazine 19

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Properties: The Good, The Bad, And The Ugly

by Denise Lones

I was shocked. There it was. An expensive property near a busy intersection that had stayed on the market for almost a year.

I asked one of my agents, “Why hasn’t this one sold?”

But none of these are reasons to put this property on the back shelf. In fact, there is a market for every market, no matter its location or condition. Too often, we make the mistake of shortchanging sellers who don’t have manicured lawns on cul-de-sacs with perfect houses. We prejudge our own listings to the detriment of the people we’re supposed to be serving.

He said, “Because it’s a dog. Look at it. Nobody wants those turrets that stick out like that. And besides, it’s at that intersection where there’s traffic all day long.”

I’ve been there. I’ve driven to properties hoping for a terraced I couldn’t believe what I was masterpiece with a stunning garden, hearing. This agent had “classified” and then felt that sick dropping this property in his own mind as feeling in the pit of my stomach something that wasn’t worth the when I finally saw it. trouble to market—pretending to service his customer while doing What do most agents do? They’re nothing. True, it wasn’t as beautiful polite, they take the listing, and they or pristine as surrounding neigh- get out of there fast. They rely too borhoods. True, it was in a not-so- much on their own opinion of the prime location. True, it could use property rather than pulling statistics to determine its true market value. some handyman work.

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OR they tell the seller, “This house isn’t going to sell unless you change the carpet, fix the paint, install new roofing, etc.”

Beware! This could lead into a legal nightmare. While on the surface this agent is giving generic advice, what if the seller does everything the agent suggests—and the house still doesn’t sell? That agent might want to call a good lawyer.

If a property needs work, that’s never a reason it won’t sell. There are investors, handypersons, contractors, and do-it-yourselfers who love these properties. Go to your local real estate investment club meeting and you’ll find people searching frantically for such properties. Advertise it as a “Handyman’s Special.” Target these people directly. You may be amazed how many of them are out there.

Here’s the truth: Every property— True, you may have to advise the good, bad, and ugly—will sell if seller they won’t get top-dollar if priced right. It is always about price. a lot of work needs to be done.

There is always someone in the But this is the true issue here—not market ready and willing to buy the work itself. It’s always about right now for the right price. price.

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Let’s talk ugly. A house is in pristine condition, but has a rather peculiar look. Well, I have news for you: Just because you think a house is ugly doesn’t mean there isn’t someone out there who will say, “This is the home I’ve been looking for all my life!”

cannot tell you how many times my jaw dropped when someone told me, “Perfect! We love it!” So, I’ve learned never to judge a house by its paint job, landscaping, or design.

You have a job to do: sell the house at top-market price. You are hired to be the market expert. Sellers don’t Did you know there are people out have the time to do so themselves. there who prefer ugly houses? Yes, That’s why you have a career. ugly houses! Some people don’t care about the outside of a property. It’s always the market that They’re only interested in the determines what sells. No matter the inside, where they know they will shape, size, or condition. And you be spending most of their time. are not in charge of the market, These are people who don’t buy to which as always is based on supply impress others, but rather to please and demand. Whatever is in demand themselves. Thank goodness for will sell, whether it’s a beachfront these people. Without them, we’d mansion or a shack in the woods. Be creative. Use your marketing to have to tear down half the planet! target people who truly want these I’ve seen houses that look like properties. But most importantly, something from a Stephen King price the property correctly for the novel sell overnight while another market. that could be on the cover of Home and Garden languishes on the market Know thy market and thou shalt for weeks. Why? Because somebody know what sells—good, bad, or ugly. wanted that house. Period.

You are not the world’s taste critic. Copyright©, Denise Lones.

You cannot tell what people want. I All rights reserved.

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