Monday, January 28, 2019

Want a Referral Explosion?



Make it easy for people to give you business

We all want referrals, but they often don’t come without effort.  Asking for referrals is not always comfortable – even when they know you’ve done a great job for them.  So…don’t ask them.  Here’s a 5 step plan about how to do it.
1.       List all current sources of referrals -  The easiest way to do this is to list al the business that you’ve received over the past few years.  New to the business?  List all the people that love you – family and friends. 
2.       Create a system for follow-up after referrals – when you receive a referral, you need to follow up and thank them every time.  If you don’t, there’s a good chance that you won’t receive any referrals in the future.  A hand-written note or a phone call is usually the best way to connect with them.  Email, not so much.
a.       It should be noted that anyone that has provided you with a positive review is someone that has given you a referral.  It’s not to a specific person, but this is a positive endorsement that has momentum that you can capitalize on.  Heap praise on them.
3.        Maintain top-of-mind awareness - Reaching out to referrers need to be contacted regularly to ensure that they don’t put you on the back burner.
4.       Plant ‘referral seeds’ during every connection – always remind your referrers that you would love to help any other important people in their lives.
5.       Automate the process for getting referrals – the best way to maintain momentum and top-of-mind awareness is to automate – not email, but systematize your outreach process.  Put a reminder for yourself on an electronic calendar for each contact. 
Asking for referrals directly can be uncomfortable for referees too.  By following this simple system, you’ll start getting referrals without asking for them! 
Want to hear an amazing podcast about getting referrals?  Pat Hiban’s website has a great interview with Stacey Brown Randall – CLICK HERE.

Wednesday, January 23, 2019

I Want to Be a Rockstar!


Pat Hiban has an excellent series of FREE podcasts to help you become a real estate Rockstar!   To get the podcasts, CLICK HERE.  There are some very good marketing ideas here.  


The Easterbrook Team
916.850.6050

You’re Awesome, But Are You Relevant?



You could be the best real estate agent in town, but if nobody knows about you, the phone won’t ring.  To communicate with existing and potential clients, you need to put yourself in a position to connect with them.  In 2019, you will need to adopt social media to grow your business.  Our friends at Cave have a video to help you get started – CLICK HERE.

The Easterbrook Team
916.850.6050

A Home in Sicilian Village for 1 Euro!



It’s a smoking deal, but there’s always a catch to these deals. The city of Sambuca, Sicily, owns a number of old properties and they have put them up for sale for just one euro.  The catch, however, is that you will have to invest $15,000 in upgrades to the home after you buy it.  And, of course, you’ll have to buy a scooter and learn Italian – still not a bad deal.  CLICK HERE.



The Easterbrook Team
916.850.6050

Bad News is Good



There’s a lot of uncertainty in the world right now:  PUGS (partial US govt. shutdown), the Brexit failure, low attendance in Davos, Switzerland, and a Trade War that is destabilizing our economy.  When the worlds problems hit the fan, investors go running for the safety of bonds. When money flows into bonds, then the yield goes up for mortgage backed securities, therefore, rates go down.  The bottom line is that there is a window of time to lock in a great rate before clarity settles in and rates go up. CLICK HERE for Article


The Easterbrook Team
916.850.6050


Tuesday, January 15, 2019

Will home prices rise or drop in 2019? Here’s the scoop from Sacramento housing experts



After seven years of price increases, Sacramento’s housing market hit a plateau in 2018.
Prices flattened in the second half of the year. The number of homes on the market decreased. Those that were on the market took longer to sell.
With a very uncertain 2019 home-buying season looming, we’ve asked five local real estate experts to offer their forecasts: What are we in for this year?

Our team: Dean Wehrli is an analyst for John Burns Real Estate Consulting. Erin Stumpf is a Realtor with Coldwell Banker. Greg Paquin heads The Gregory Group, a real estate research and data firm. Pat Shea is president of Lyon Real Estate. And Ryan Lundquist is an appraiser and author of the Sacramento Appraisal Blog.


What’s your 2019 forecast?


Stumpf: I believe Sacramento will see a slight increase in home prices in 2019. I foresee a balanced market between buyers and sellers, and that is great news as far as I am concerned. The number of homes available on the market will be slightly higher than in past years, and homes will take slightly longer to sell on average. Appealing homes that are appropriately priced ... will still see competitive multiple offers and sell quickly.
Wehrli: Home prices are likely to be pretty stable, rising modestly by year end. I expect a decent spring selling season, particularly if mortgage rates remain lower as they have been very recently. Inventory is likely to rise a bit, but, remember, we are coming from a few years now of extraordinarily low levels of inventory.
Shea: Look for a very predictable sales pattern once again in 2019. One can expect (house price) appreciation to (be in) the 4 percent to 6 percent range. Continued job growth and upward pressure on employee compensation appear to remain in play for the foreseeable future in Northern California. Mortgage rates remain incredibly favorable.
Lundquist: If buyers put their foot back on the gas pedal, with mortgages rates going down now, there is room in the market to see values increase. It all boils down right now to what buyers are going to do. It’s a blank canvas.
Paquin: We are optimistic for sales and pricing in 2019. There is a real possibility that sales will equal and perhaps exceed 2018 numbers. (Newly constructed homes) should see a modest increase of between 2 percent and 3.5 percent.

Millennials Prefer “Influencers” over Agents



A majority of millennials rely on “influencers” to make purchasing decisions – 80% of which said that they would want their real estate agent to be one as well. This shocking fact comes from a study by  Engel and Volkers.  The study also cited that 98% (THAT’s HUGE) rely on social media and/or a review-based website for choosing service providers.  This means that even if you are referred by a family member, you are also going to be vetted on the web.