Share This

Tuesday, July 17, 2012

Seller's Market?

With dwindling inventories due to reluctant sellers, fewer foreclosures and increase demand, the Triangle housing market is heating up. 

To show this, I first want to explain a little bit about supply and demand in real estate.  During buyers' markets, homes may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.  During sellers' markets, homes sell quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times.

In real estate, the relationship between supply and demand is calculated as "available inventory." At the current sales pace, how long would it take to sell the total number of houses available on the market? That is how the real estate industry measures inventory.

Inventory is measured in weeks and months. Longer inventory times are associated with buyers' markets. Shorter inventory periods are associated with sellers' markets.  Six months of supply is average.  If there is less than six months supply, this means that it is a seller’s market with many buyers competing against each other to buy a limited pool of properties. The greater the months of supply, the converse is true.  Months of supply is calculated by dividing the total number of homes for sale over the number of homes sold in one month.

The overall Triangle market is doing great.  The numbers for June 2012 of the four major cities in the Triangle are  all showing a seller's market at less than 6 months of supply as follows:
  • Raleigh (27601, 27603-27617):  4.3 Months of Supply (Down 50% from June 2011)
  • Durham (27701, 27703, 27704, 27705, 27707, 27712, 27713):  4.8 Months of Supply (Down 38% from June 2011)
  • Cary (27519, 27513, 27518, 27511):  3.4 Months of Supply (Down 46% from June 2011)
  • Chapel Hill (27510, 27514, 27516, 27517):  4.8 Months of Supply (Down 38% from June 2011)
There are other sub-markets within the four major cities that are seeing months of supply less than 4% such as:
  • Southwest Durham (27707, 27713):  3.7 Months of Supply (Down 46% from June 2011)
  • Lochmere (27518):  2.8 Months of Supply (Down 75% from June 2011)
  • North Raleigh/Midtown (27609):  3.7 Months of Supply (Down 52% from June 2011)
  • West Chapel Hill/Carrboro (27516, 27510):  3.9 Months of Supply (Down 41% from June 2011)
As you can see, things are looking up in the Triangle.  If inventories continue to stay low, and demand continues to get better, we are going to see home prices rise and the market to get hotter and hotter.  For more great stats and information on the Triangle real estate markets, check out Fonville Morisey's Market Minutes Reports.

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Friday, July 13, 2012

Great News! The Triangle Real Estate Market is Still Getting Better!

Here's a look at a Triangle real estate market Infographic for June.  Things are still heading in a positive direction!


Triangle Real Estate Market June 2012 Infographic

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, July 11, 2012

Tech Bytes: Video! Video! Video!

According to Cisco's Visual Networking Index Report, by 2015, the world will be watching 3 trillion minutes of web video per month.  Web video is currently 40 percent of all Internet traffic and expect to be 62 percent by 2015.  As a real estate agent and marketer, what should this tell you?  It should tell you to make sure your real estate marketing approach keeps up with this trend by adding video to your marketing efforts.

There are many ways you can market your business using video.  Here are some examples the kinds of videos you can make:
  • How your services differ from your competitors.
  • Homes you'd like to highlight.
  • More general real estate information buyers and sellers would find helpful.
  • Client testimonials.
You want to create video with topics your target audience would look for online. 

Your videos do not need to look like a TV commercial.  You don't need an expensive video camera or expensive video editing software.  I prefer to use my iPhone 4.  A large portion of consumers don't trust conventional advertising, so using a "pretty" video could feel more like advertising than informational in nature. 

Some people like to just turn the camera on and go for it, but a majority like myself can not.  I like to create a script or outline of the topic I want to cover.  A script can help you overcome use of the "um" and "uh" fillers, or the rambling on that could confuse your audience. 

Every video needs a star.  Many real estate agents will make videos telling the world how awesome they are!  And how they are #1!  PLEASE DO NOT DO THIS!  Consumers are online for 2 reasons - gather information or solve a problem.  The product you are selling is a home, subdivision, builder, information or process.  Make a video about that, and not yourself.  If you want to brag about yourself, let your clients do it in a client testimonial video.

Make your videos as visible to as many consumers as possible.  Place them where consumers will look for them or stumble upon them.  Put them on Youtube, Google, Yahoo, Bing, Vimeo, Facebook, Twitter, and Google+.  Embed your videos on your website and blog posts.  Make sure that your videos are optimized to be played on smart phones or other mobile devices. 

Please be sure to end your video with more than a small.  Use a call to action and get your target audience to do something.  Have them call a number, or send and email, or click a link.

And lastly, have a personality.  No one wants to watch a 2 minute video if you are boring.  Raise your voice and use hand gestures.  You are human, so don't act like a robot.  Even if the topic is boring, you don't have to be.  Use personal stories and experiences to keep your audience engaged.

Here is an example of a great video by Jessica Edwards out of Wilmington, NC



If you are a forward thinking real estate agent, you have a unique opportunity right now to grow your business with video.  Most of our competitors are not doing it right now.  Don't worry about what you look like, the consumer just wants your information.  So get out there and get to marketing!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, June 25, 2012

Social Strategy for Real Estate Agents

So often, I am questioned by my agents, "how can I get started with social media?"  Well it is not as difficult or time consuming as one might think.  All you need is a simple strategy and to develop some good habits.  Today's post consist on an infographic with a very basic social media strategy.  Hopefully you will find this helpful!


FM Durham Infographic - Social Strategy

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, June 19, 2012

Qualify Your Clients!

Today I would like to discuss how qualifying your clients can give you great results.  You may be getting a lot of calls coming in off your signs, or Internet inquiries, or past client referrals.  Do you have a systems for how you handle these?  Well today, we are going to talk about how to do that.

First I want you to consider that all calls coming in are SUSPECTS.  They are suspects because you don't know if they are going to turn into a LEAD yet.  Just because they want to talk about real estate, doesn't make them a lead.  A lead is someone that is going to do business RIGHT NOW.  Now you will need to determine when "right now" is for you.  For some of you right now is going to be in a couple of weeks, and others it can mean in the next 30 to 60 days.  It just depends on how busy you are and how you want to manage your business.  We want those leads to turn into CONTRACTS!

So how are you going to qualify your suspects?  The 3 steps listed below should help you do that.

  1. Do you have a questionnaire that you automatically go to?  One for a buyer call and one for a seller call?  If not, you need to stop what you are doing right now, and make them.  You questions should help you determine whether or not your suspect is an A, B, or C.
  2. An "A" suspect is one that is going to do business right now.  A "B" is s suspect that is going to do business in the next 30-90 days.  A "C" is a client that is going to do business in the next 90 to 120 days.  Notice there is no "D" suspect.  Because a "D" suspect needs to be deleted.  You will need to determine how much time you spend trying to turn your C's into B's and your B's into A's.  Because the C's and B's do affect both your time spent and your cash flow.  You need to have 5 A's on you right now.  You need to have 5 A's in your pipeline at all times!
  3. Qualifying is a game of accuracy.  You have to be doing it all the time.  A "B's" status could change to an A at any point.  Or could a buyer you are working with that is an A change their mind and become a B at any time?  You need to constantly measure where you are at with a particular prospect.

Hopefully these tips have help out, and stay tuned for more successful coaching!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Thursday, June 7, 2012

FM Durham Chalk Talk: David Jenkins

This week we are going to talk with David Jenkins. First and foremost, David is a wonderful husband and father to his wife and two daughters, and an all around great guy to know! But David is also a SUPERSTAR agent in our office. He is fully engaged in all aspects of our market and a wealth of knowledge to those around him.  From his thoughts on new technologies and tools to help your business, or motivating others around him, David is always there to help.  Please watch the video below and see what David has to say. 



Big thanks to David for sharing. And stay tuned for more great videos from SUPERSTAR real estate agents coming soon!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, May 29, 2012

Money Saving Marketing Tips

Often, new agents come to me with their license, and say, "now what?"  Or I will have some of my experienced agents come to me while there is a lull in their business and ask me for some new marketing ideas.  Also, most of us are looking for ways to save.  So take a look at the money saving marketing tips below.

Print Marketing
  • Create a neighborhood newsletter (mail it or walk it)
  • Mail hand written notes and thank you cards to your clients
  • Update your business cards with your social profiles
  • Direct mail with neighborhood comps
  • Create or sponsor a local business or resource guide
  • Create t-shirts, pens, etc. and give them away to clients and friends
  • Get a vanity plate for your car
  • Carry with you at all times your business cards, and hand them out

Email Marketing
  • Send an email inviting your network to you social profiles
  • Send emails with rate updates and info (work with your in-house or local lender)
  • Send a weekly email with the local weekend events (attach a coupon for a local business attraction)
  • Send a monthly email newsletter
  • Create a drip email campaign, focusing on your niche (offer tips and advice)
  • Send out seasonal homeowner reminders and safety tips
  • Send flash animated birthday or holiday cards (jibjab or Zingding)

Blog or Website Marketing
  • Do a video/podcast blog series on specific topics or your niche (example:  http://hotpropertyblog.blogspot.com/)
  • Offer a free IDX search tool
  • Add Facebook Connect to your blog
  • Create a local special interest landing page (i.e. schools, non-profits, farmer's market, etc.)
  • Offer client Q & A via a contact form, highlight it in your sidebar
  • Post articles about others on your blog or have a guest blogger (local businesses, interesting people, neighborhoods, etc.)
  • Create an ebook, require name and email address for free download
  • Most importantly, comment back timely and create dialogue within posts

Facebook Marketing
  • Create a profile and import your contacts
  • Send daily birthday wishes
  • Comment or like 305 posts from the Newsfeed daily
  • Update your status with something fun and something of value once a day
  • Create a Facebook page for your business
  • Post helpful and relevant resources from your FB Page
  • Leave comments on local business pages or groups (NO SPAM)
  • Comment on others' status updates
  • Create a past client photo album with testimonials (tag those clients to the albums/photos)
  • Create Animoto slide shows or a photo album for listings and post them to your page

Twitter
  • Create a Twitter profile
  • Use the "find People" feature to find people you already know on Twitter
  • Tweet homeowner tips
  • Tweet funny, inspiring and engaging experiences and information
  • Tweet local market info, updates
  • Break news as it happens
  • Tweet local event information
  • Tweet your blog posts

Each of these are great ideas to help with your marketing efforts, and they cost little if no money.  So get to work!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, May 23, 2012

What a new agent should ask when interviewing a company

As a manager of a successful real estate company and office, you know the ins and outs of the business and what one company may offer versus another in your market area.  So sometimes you forget that not every new agent knows this.  I was recently interviewed by a new agent who had not even received her license yet.  I got a reminder of what a new agent wants to know on their interview.  I was so impressed by this new agent's thoroughness in the questions she asked. 

I am going to list her questions and discuss the importance of them in the hopes that any potential new agents, or agents looking to choose a new company, will find them helpful.

1. Are all agents scheduled for floor duty, and if so, how often?  This is important to give you an idea of how often you will have the opportunity to find new business.  As a new agent, you don't walk in the door with business.  Having opportunity to find new business is important.  Floor duty is also a great chance for you to hone in your skills in talking with people about real estate.  An equally important question to follow up with is, "How many floor duty leads are converted to actually closings in your office each year?"

2.  Are phone leads, walk-in customers, and referrals given to the agents on duty when those leads come in? If not, how are they distributed?  Again, just as with our first question, this is important as a new agent for you to get you off the ground and running.  It is also important to know how leads are distributed in the office.  Is this something that is done fairly?  What can you do to earn this kind of business?

3.  Does the firm pay for the typical agency ad, where listings are showcased, or are you required to pay for the space occupied by your listings?  Does the firm pay for any portion of personal ads?  Does the firm have a bulk mail permit?  As a new agent, you are spending almost $1500 just to start in the business.  You have to pay for pre-licensing, board dues, MLS dues, license fee, etc.  It's expensive, so knowing what fees are associated with your company are very important.  It is also important to know that your company has a progressive approach to the marketing of their listings as this will be a huge selling point when you go on your listing appointments. 

4.  What commission rate does your firm offer?  Are commissions paid on a sliding scale, with the percentage you earn increasing as you bring more income to the firm?  This is absolutely an important question.  Obviously, what portion of money you take home is going to be important to anyone.  Although, this is not the most important part of a particular company, you need to be with a company that has competitive commission plans.  You have to way the pros and cons of what a company has to offer it's agents and what the net commission split is to the agent.

5.  Are commissions paid immediately upon closing?  Lot's of agents, especially new ones, may go a month or two in between closings.  So when they do have a closing, they need that money to pay their bills.  You want to be with a company that has a very quick turn around between the time you hand that commission check and and the time that money enters your bank account.
6.  If the firm is part of a franchise, what percentage of each commission earned is retained as a franchise fee?  This again goes back to the fees associated with your company.  Is your company privately held or is it a franchise?  You need to know the costs associated with your company before choosing to affiliate with it.

7. Who pays for stamps, photocopies, and basic office supplies?  As a new agent, expenses are going to be very important to you.  If one company offers you a 70% split, but you pay for all of your copies, office supplies, stamps, marketing efforts and more, your net split really isn't 70%.

8. Does the firm charge agents a flat monthly fee, or a percentage of certain expenses? What about Errors and Omissions insurance?  You can see the recurring theme of the costs associated with doing business for the company in this agent's questions.  I appreciate the detail and thought that went into them.  Does your office have a desk fee.  Do you pay monthly or annual E&O coverage?  Or are these fees built in the transaction fees, so it's a pay as you need them kind of fee?

9. On average, what is your company's turnover rate with provisional brokers (new brokers)?  This is a great question because you want to know what the likelihood of you lasting in this real estate business.  Are you going to be associated with a company that has a proven success rate with building a new agent's business? 

10. On average, how long does it take most newbies to make a sale/purchase? (I know RE is what you make it...but I guess what I'm getting at is how long is it before I am able to start earning an income?  Is it 45 days?  90 days?  What does your firm aim for?  Going back to the expenses associated with getting into this business, you have spent time, money and now you are going to have to wait to earn income.  How long this takes you, is going to be extremely important to your ability to survive until that first paycheck and survive in this business. 

Remember, you are interviewing this company as much as they are interviewing you.  You must go beyond the surface and ask detailed questions.  Know the company before you choose to affiliate with them.  Don't just rely on what they tell you.  Good luck!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, May 21, 2012

FM Durham Tech Bytes: Time to get Uncomfortable

I was recently talking with one of my agents about setting up a social media strategy for their business.  This agent was basically starting from scratch.  Every suggestion I would make, they would have some sort of excuse for why it wouldn't work, or why they couldn't do it.  I kept digging and digging with this agent until I got to the core of their push back.  They were just uncomfortable with the technology, and they felt awkward doing it.  This is something I find to be common in a lot of agents.

In our office, I am known as the guy to go to with technology questions.  One would think I was very comfortable with technology.  This could not be further from the truth.  When it comes to technology, I stay uncomfortable.  This is because it is constantly changing.  Tools, apps, platforms, devices and even the strategies involved to make them proficient change so rapidly you can't possibly know all there is to know.  So why go crazy and get overwhelmed before even trying?

The solution for my agent, and many agents out there is just to get uncomfortable!  Here are a few tips to help you do that:
  • Identify your content strategy...what do you have to offer?  What do your clients need from you?
  • Use dropbox to store your files in the cloud, or Oxygen (our new cloud-based storage) for our agents
  • Start using a social media dashboard like Hootsuite to manage your social platforms
  • Trim the fat on your social platforms & unfriend or unfollow those that don't add value to your network
  • Friend or connect with at least 3 new people on your social platforms
  • Engage on your social networks.  Start by liking and commenting on at least 3 posts on Facebook, then give two recommendations on Linkedin
  • Stop playing Angry Birds on your iPad and put it to use in your business.  Try creating a listing presentation on it and using it on your next appointment.
  • Create a 30 second video and upload it to youtube.  It can be for a listing, or to tell a client story.
These are just a few suggestions for you to start getting uncomfortable with technology and to start doing business today!  Good luck!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201


Wednesday, May 16, 2012

Communication is Key!

One of my biggest pet peeves is when someone tells me they are going to do something and they don't.  Interestingly enough, the number one customer complaint about real estate agents is that we don't follow-up.  Most of us are great at following up on leads, because if we don't, that will cost us new business and money.  Failure to follow-up with past clients costs us referral business.  If you are serious about increasing your production, you may want to think about how well you follow-up with your clients. 

Following up with sellers is one of the most important things an agent can do.  Unfortunately, this is one area in which agents tend to drop the ball.  When you first get a new listing, you are excited and it is easy to stay in touch.  But what happens when that listing doesn't sell?  Do you dread contacting the seller like most agents do?

Here are some tips for preventing this from happening to you.  First, at the beginning of the listing, tell the sellers that you will be updating them weekly by email or privately on one of the social networking sites such as Facebook with the following items:
The number of showings in a given week
  1. The number of property views on the websites your company syndicates to
  2. Any broker feedback about showings
  3. Any new listings in the same market area that compete with their listing
  4. A list of properties in the same market area that have gone under contract
  5. A list of properties that have closed in the same market area and their closing details
Some sellers insist on being contacted by phone.  This is fine.  Leave a message on at their home when they are at work, or try Slydial to leave a message on the mobile phone.  The main point is doing the follow-up.  If the seller really needs to speak with you, they will contact you.  And if they do contact you, REPLY IMMEDIATELY.

Remember, do what you promise and follow-up regularly and you will have a happy seller and hopefully more referrals!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, May 14, 2012

FM Durham Tech Bytes: Content Calendar

I remember when I first started using Facebook to market myself.  To run a really effective Facebook business page, you need a lot of great content and diligent management.  This task felt daunting to me.  There was no way I was going to have enough time to run a decent business page.  This is the same feeling expressed by many of my agents when they first start to market themselves on Facebook.  I feel that organization and planning really helped me to reduce my fears of failure, and this is exactly what I coach my agents to do. 

Successful pages have a continual stream of new, interesting content that creates fan engagement and hopefully attracts new users to the page.  My advice for managing this process is to set up a content calendar that maps out every new page post you will do for the month ahead.  If you want to keep it simple, start by downloading a Microsoft Word or Excel calendar template.  Then type in the content you plan for that day. 

Here are a few ideas you may want to include in your content calendar:
  • Market stats
  • Slideshow video of your listings
  • Post photos or videos from a local event
  • Link to articles from the local paper
  • Post holiday greetings to your fan base
  • Link to blog posts or articles you are writing on your business site
  • Link to articles relevant to the real estate or mortgage industry
  • Information on community events and things to do
  • Videos on various topics related to the home buying or selling process
Also check out these successful Realtor run Facebook business pages for additional content ideas:
If you want to take things a step further and make your life a lot easier, try tools like TweetDeck, Hootsuite or Roost Publisher.  This way you can schedule your posts in advance and have them posted to your page at specific dates and times.

With with these helpful hints, you should be ready to get to marketing with Facebook!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, May 9, 2012

FM Durham Chalk Talk: Liz Schoeneberger

This week we are going to talk with Liz Schoeneberger.  First and foremost, Liz is a wonderful wife and mother to two awesome sons, and an all around wonderful person to have in our office.  But Liz is also a SUPERSTAR agent for Fonville Morisey and our Highway 54 office in Durham.  She is clearly plugged into our current market and her business is on fire!  Please watch the video below and see what Liz has to say!



Big thanks to Liz for sharing.  And stay tuned for more videos from SUPERSTAR real estate agents coming soon!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, May 2, 2012

6 Power Prospecting Tips

I wrote a recent blog post about being in the "Danger Zone."  This post discussed how hot the real estate market had gotten, and that agents should not lose focus on your prospecting while working through their transactions.  Without prospecting you have no future business.  Today, I want to give you a few powerful prospecting tips so you can keep that momentum going! 

  1. Your Job:  You need to make sure prospecting is your job.  If you have been in real estate sales for a while, and had any success, you know that this is the part of your job that can take you to that next level.
  2. Same Time:  You need to be doing your prospecting or lead generation at the same time everyday.  You will end up making excuses for not doing it and you won't be as affective.  You need to make it an appointment that you do everyday.  Put it in your calendar as a recurring appointment.
  3. Role Play:  Pick a role play partner.  Maybe even find a prospecting partner.  Then I want you to role play at least 3 times a week.  This way both you and your partner can critique each other allowing you to improve each time you practice.
  4. Mental Attitude:  What are you thinking about just before you make that call?  Are you thinking about the rejection you are going to get?  You need to have a positive mind-set.  You need to go into the call really feeling that it will be your next appointment.
  5. Numbers:  You need to track your numbers.  You need to know how many contacts you are making to get the leads that you need. 
  6. Get Up:  When you are making your calls, don't sit slouched over in a chair at your desk.  Stand up and make the calls.  I like to walk around when I am making calls.  It gets the blood flowing and allows me to speak with more energy. 
You know what the best part of prospecting is?  It's free!  It doesn't cost you any money to do it.  Agents should be spending 1-3 hours a day on the phone calling past clients, sphere, expireds, FSBO's, and notice of defaults to get listing appointments.  So pick up that phone and get to work!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Friday, April 27, 2012

Do you provide value to your client?

I think this is going to be one of my favorite posts.  My reasons for writing this post come from a recent interaction one of my agents had with his client.  This client was a young, first time home buyer.  My agent had shown him 20 homes or so, and the buyer just hadn't gotten off the fence.  Then the buyer asks my agent one day, "what exactly do you do for me?"  He asked it in in an almost indignant tone.  Now after my agent took a long deep breath and put a smile on his face, he answered the buyer.  Now my agent did a great job explaining just what he did to provide a service for his client.  He hit on many of the things I am going to discuss today.  I wanted to write this blog to help you agents out there that may not know all the work that you do in a given transaction or don't know how to explain it.

I want to reference a document from the Orlando Association of Realtors, The Realtor's Critical Role in the Real Estate Transaction.  This is a document that lists 184 actions, steps, processes, and stages in a successful real estate transactions.  These are steps usually taken by a full service real estate brokerage in which they would be entitled to fair compensation.  The reason this list was prepared was the fact that surveys showed that many homeowners and homebuyers were not aware of the true value a Realtor provides during the course of a real estate transaction.  A prime example of this feeling is shown above by my agent's buyer.

There are 184 steps on this list, so I won't be going through all of them in this post.  But I absolutely encourage you to read the document.  Know each of these steps so well that you could state them the moment the question of your value is posed to you.  I would even put the list in my listing or buyer presentations to show your client why they should hire you. 

Here is a breakdown of the list to give you an idea of why you should read it:

  • Pre-Lising activities that include anything from searching for comparables to searching public records for deed restrictions and zoning.
  • Listing appointment presentation that includes things activities like discussing the sellers goals and presenting a strategic marketing plan.
  • Once a property is under a listing agreement an agent will have to take steps to market the property such as measure the home and room dimensions, take photographs and/or video and compiling a list of completed repairs and maintenance items.
  • Entering a property into an MLS system and syndicating that data to other websites.
  • Processes included in marketing the property include creating print and Internet ads, installing a lockbox and sign, and designing and printing flyers and brochures.
  • During the offer and contract, an agent with take steps that include preparation and conveyance of counteroffers as well as confirmation buyer's ability to purchase.
  • The agent will also have to track the buyer's loan process, work through the inspection period, and work through any appraisal issues.
  • Activities to set up the closing scheduling the closing with an attorney or title company, and getting all parties the information they need in a timely manner.
  • And as always and most importantly comes the post closing follow up.

There is no doubt that a good real estate agent is well worth their fee and is a valuable resource for any buyer or seller.  Hopefully this will help you to convey that to your clients!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, April 24, 2012

FM Durham Tech Bytes: SocialCam for Real Estate Agents

I want to introduce an awesome new app for you. It is like the offspring of Pinterest and Youtube, Instagram for video! It is going to make video blogging so easy!  The new app I am talking about is Socialcam. SocialCam is a fantastic app for capturing video content. A great example of it in use is the video below by Fonville Morisey Realty's Digital Media Marketing Director, Lisa Sullivan.



  
Lisa just recorded the video on her iPhone app, and SocialCam automatically uploaded the video to Facebook, Twitter and YouTube, and I later embedded the YouTube video in this blog.  But you don’t even need to embed the video in your blog — just taking lots of videos using SocialCam on your phone is a great start.  It will give you content that you can use later.

As a real estate agent, there are so many great ways for SocialCam to give you exposure to your and your clients' friends and followers on social networks.  I believe this will be one of the better brand building tools we will have at our disposal.  How you can use SocialCam as a real estate agent: 

  • Do a video with a client about any real estate related topic (maybe a testimonial, for example) and then have your client post the video post to their Facebook wall and Twitter stream, using them as a ‘hook’ to vouch for you. 
  • When you are in the car going to see a client, take a SocialCam video of what you’re up to. 
  • Capture a video of your buyer or seller standing in front of their new home or the home they just sold and discussing the transaction and how happy they are.
  • Use it as your video blog and blog about an HOA, foreclosures, short sales, dog parks, luxury homes, and more, while never needing to actually write anything.
  • Use it to create a video tour of your listing.
  • Use it to create a video of homes you are previewing for out of town clients to help narrow down their home search before they arrive.
There is just so much you can do with this application.  SocialCam is available for iPhone and Android phones.  It also has a web application.  The best part is, it's FREE!  Now start shooting that video and sharing it with the world!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, April 23, 2012

FM Durham Chalk Talk: Julian Jahoo

This is going to be a new segment of our blog where we discuss various topics related to the real estate industry with a SUPERSTAR real estate agent.  We will bring these videos to you periodically and hope to provide you with an idea of what is going on in the market and how to be more successful as a real estate agent.

This week we are going to talk with Julian Jahoo.  First and foremost, Julian is a wonderful husband and father to his wife and two children, and an all around great guy to know!  But Julian is also a SUPERSTAR agent in our office.  He is fully engaged in all aspects of our market and a wealth of knowledge to those around him.  Please watch the video below and see what Julian has to say. 



Big thanks to Julian for sharing.  And stay tuned for more great videos from SUPERSTAR real estate agents coming soon!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Friday, April 20, 2012

Fonville Morisey Durham Tech Bytes: MagicPlan 2.0

Ever notice how some listing agents seem to always have every piece of documentation needed to market a home.  Some material that you just can't seem to find the time or have the"know how" to do?  For example, some listing agents always have the floor plan to their listing in their marketing material.  Some of you feel that you don't have the time to do this.  Others feel that you don't have the technology or "know how" to do this.  Well, I'm here to tell you just how easy it is.

Try MagicPlan 2.0!  It is an app for your iPhone, iPad or Android device.  If you have ever needed to draft a quick floor plan of a house, but didn’t have the tools to do so?  Or you are looking to impress a seller? Well look no further. This app allows you to properly measure rooms, doorways, and corners to formulate an actual floor plan for the home of your choice.

After completing the quick tutorials, your phone does the rest: measuring lengths of walls, depths of corners, and assembling the entire floor plan. All you have to do is point and click on the corners, and you’re all set!  It also has social media functions that allow you to share the floor plans via Facebook and Twitter.  The best part? It’s FREE! 

Here is a list of what MagicPlan can do:

  • Measures walls and doors
  • Identifies the shape of the rooms
  • Draws the floor plan of each room
  • Aligns rooms
  • Manages wall thickness
  • Ensures door coherence
  • Geo-localizes your house
  • Attaches a picture to each room
  • Integrates your furniture
  • Generates JPEG, PDF & DXF files
  • Publishes an interactive floor plan
What an incredible tool for you to use as a real estate agent.  Download the app and get to work now!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, April 17, 2012

Ignite Your Business Part 3: Time for a Recommendation

This is the last part of our 3 part system for agents looking to get a quick jump start on their business and to ignite a little buzz over a 30 day period. Again, we are going to need your contact management system in order, and grouped into your A's, B's and C's.

In the last part, we are going to work on giving people recommendations. But not just any old recommendation.  The first step is to join LinkedIn, if you haven’t already.  Then I want you to search for people you have worked with, either in real estate, or in some other capacity.

Next, I want you to recommend them.  Say something positive and unique about that person.  Speaking of their uniqueness is key. Focus on something about that person that makes them stand out above all others. You want to give the kind of recommendation that makes someone message you and tell you how you just made their day or their week.  If you need help learning to right a good recommendation, click here.

This is a really easy task and won't take more than 10 to 15 minutes of your time.  I want you to give one recommendation a day for the next 30 days.  By doing this, you have hopefully made 30 people happy, and if you are lucky, you will get 30 recommendations of your own.  Even if that doesn't happen, even if you only got 10, that is better than none.

Social media is out there to help you. And it’s perfect for what you want to do–generate leads. Where else can you have access to millions of people in the matter of a few clicks?

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Thursday, April 12, 2012

FM Durham Tech Bytes: Open Home Pro

 Our company has an upcoming Open House Event.  This event is a big company-wide push to have open houses on our listings during the next 3 months, our peak real estate months.  The first event is in conjunction with the National Association of Realtors Nationwide Open House Weekend  on April 28th and 29th. 

With this event in mind, I want to discuss an incredible iPad application called Open Home Pro.  Open Home Pro offers you a beautiful way to collect information about potential clients that visit your open homes. Within seconds you or your potential client can input their name, email address, number of bedrooms they are seeking and more. Not only does Open Home Pro save all of the data in it’s address book (that you can export into a .csv file), but it also emails every client that gets put in the system thanking them for visiting personally from you. If they reply to that email with additional questions it goes right to you.  I also find that more clients are willing to enter their information into a piece of technology than they are to write it down on paper. 

Some of its features are:

  • Auto Email every client thanking them for stopping by
  • All data collected gets stored in Open Home Pro and can be exported easily into .csv for import into your CRM
  • Simple. Open Home Pro is designed to be easy to use
  • Ability to publish real estate listings to OpenHomePro.com, driving you additional leads
  • If you drop the price on a listing in the app all clients who previously saw it get emailed with the new price update.
  • Full screen photo slideshows to show clients
Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, April 11, 2012

FM Durham Quick Tips: Danger Zone!

The real estate market is heating up.  Triangle MLS is up over 30% in sales year to date.  Our office is up over 60% in sales year to date.  This puts us in the DANGER ZONE!  Why does a hot market and sales being up put us in the DANGER ZONE you ask?  For most agents, without the proper systems in place, if sales activity is way up, their prospecting for future business is way down. 

I say now is the time to return your attention to working on with your sphere of influence.  Below is a list of actions you can take to reach out to your VIP's (Very Important Prospects).

  • Visit the Dollar Tree and order some flower pots, drop in your business card and deliver.
  • Do a print out of your top 10 Grilling recipes and send it to them.
  • Send them a hand written note referencing a recent conversation or interaction with them.
  • Mail them a post card reminder to have their AC serviced for the upcoming summer.
  • Mail them a $1 lottery ticket with your business card.
  • Invite them to a Shred-It Party after April 15th (Tax Day).
  • Invite your top contacts out to a nice lunch or dinner.
These are just a few great activities you can do to connect with your sphere of influence in the coming month.  Remember, prospecting is just as important as closing.  Keep working those transactions hard until they close, but remember you still need to keep that pipeline full!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, April 10, 2012

Ignite Your Business Part 2: Reach Out and Touch Someone!

This is part 2 of a 3 part system for agents looking to get a quick jump start on their business and to ignite a little buzz over a 30 day period.  Again, we are going to need your contact management system in order, and grouped into your A's, B's and C's.

The second part of this program is the "Reach Out and Touch Someone!"  All you need is your phone, computer and a list of your contacts.  Then take a moment and identify 5 people that you want to make a phone call to. 

Next, and most importantly, determine a purpose for making this phone call.  Why are you calling them?  Don't just call to say "hello" without a reason.  Think of what you are going to say.  Maybe you are calling to follow up on a newsletter you sent out.  Maybe you are calling them to congratulate them on something they posted on Facebook. 


Come up with a purpose for the phone call and write it down.  It is important to write down and have in front of you during the call.  So that you can reference your purpose.

Now all you have to do is make those 5 phone calls.  This is a must.  No matter how uncomfortable you are making the calls, they must be done.  If you find making the calls uncomfortable, they will get easier as you do them. If you are like me, stand up and walk around while you are making the calls.  I find this relaxes me and doesn't make it so formal as sitting in front of a desk. 

I want you to repeat this process 5 times a week for the next 4 weeks.  If you don't get an answer, leaving a detail message will suffice.  Or if you are an overachiever, then be sure to have 5 phone conversations per day, not just 5 calls!

BE REMEMBERED...REACH OUT AND TOUCH SOMEONE!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Tuesday, April 3, 2012

Ignite Your Business Part 1: Thank You!

This is part 1 of a 3 part system for agents looking to get a quick jump start on their business and to ignite a little buzz over a 30 day period.  First thing's first, you need your contact management system in order.  Group your A's, B's and C's.  Get rid of your D's! 

The first part of this program is the "Thank You!"  All you need is your computer, a phone and your list of contacts.  Then take a moment, and think of 5 people who deserve a little gratitude.  For those of you who don't like to make the phone calls, don't worry, this isn't a must for part 1. 

You can email these people, and it's so easy!  Here is an example, "Hey Joe Jefferson, Thank you so much for helping to get our listing closed on time, we really do appreciate it!"  How simple was that?

What other ways can you thank them?  You can give them a call on the phone.  You could post to their facebook page with a "thank you."  You could pop by their office or place of business and drop off some cookies.  You could send them a hand written note to their home address.  Who doesn't like getting a hand written note?

Who can you send "thank you's" to?  You can send them to your mom and dad, your friend, an agent in your office, your mortgage lender, a husband/wife/life partner, a client, a past client, a closing attorney, a home inspector, an insurance agent, etc.  The list is endless. 

I want you to say "thank you" to 5 people in each of the next 30 days.  And I want you to keep track of it in your contact management system. 

Stay tuned for Part 2...

BE REMEMBERED....SAY THANK YOU!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Wednesday, March 28, 2012

FM Durham Tech Bytes: HTML Email Signature for iPhone

I would say that about two thirds of the agents in my office use an iPhone.  And if they are anything like me, they probably send about two thirds of their emails from their iPhone.  The only problem with that is I get so tired of seeing the same old default email message that ends with “Sent from my iPhone.”  I wanted to have a great email signature that would show my logo and have links to my social networks.

Well I found Cool Geex.  They've created a website that allows you to create an HTML version of your email signature that can be used on your iPhone...and it's FREE!  With this tool, it is easy to make your email signature stand out against your competition's.  You can also add some of the social media sites and tools to your signature to make it easy for your clients to connect with you.

All you have to do is visit Cool Geex website, create an account, fill out the online information form for your signature, set up the desktop icon on your iPhone and it's ready to go.  Then whenever you are sending a new email, click the desktop icon on your iPhone and a new email will open up.  Also, be sure to remove the email signature you had set up under the "mail settings" on your iPhone, or you will be sending emails with two signatures.

The only shortcoming I see with this, is that the new email signature will not show up when you are replying to an email.  But I personally don't like have someone's long email signature shown 10 different times in an email thread.

There are other html email signature tools out there you can use for your iPhone, but in my opinion this one is the best and it's free!

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, March 26, 2012

Child Tips for Real Estate Agents

As a parent of young children, I am always reading of ways that I can better raise my children and help them grow.  I was recently reading an article on Parenting.com titled "Teaching your kid not to give up."  It was swimming superstar and Olympic gold medalist, Michael Phelps giving advice on bouncing back from disappointment.  He offered 3 simple pieces of advice that I thought applied to real estate agents as well.

Do some prep work:  Michael stated that before every race, he would visualize everything that could happen, good or bad.  He wanted to be prepared for anything that could happen.  As an agent, you need to do the same thing.  If you are going on a listing appointment, you need to be prepared to answer any question that a seller throws at you.  If you are showing property in a particular neighborhood, know about that neighborhood.

Learn from your mistakes:  Michael stated that he would always look at his failures, and learn what he needed to do so that he didn't repeat them.  This is great advise for a real estate agent.  For example, if you go on a listing appointment, and the seller decides to list with another agent.  Call that seller, thank them for the opportunity and ask them, "I am always trying to improve myself as a real estate agent and the service that I can provide a client, may I ask you why you did not choose me to sell your home?"

Stick with it:  Michael advised to never ever give up, no matter what obstacles are thrown your way.  Again, this is great advice for a real estate agent.  Let's say you have been on 9 listing appointments, and you haven't gotten a single one of them.  Should you give up?  No, because if you have been doing your prep work and learning from your mistakes, the 10th appointment could be the one you get.

Sometimes the simplest of advice is the most powerful!  Thank you Michael Phelps for the words of wisdom.

Brandon L. Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Thursday, March 22, 2012

FM Durham Tech Bytes: Facebook Timeline for Business Pages

For those of you who have a business page on Facebook, you may have noticed that you page will be automatically updated to the new timeline format on March 30th, 2012.

Several things I would like for you to think about before setting up your Facebook business page are:

  • Think Visually
  • Think Historically
  • Think Live Media
  • Content is Still King

Your cover photo is the biggest change that comes with the new timeline format.  This is the first thing your fans will see when the come to your page.  This is a great opportunity for you to creatively showcase your real estate business.  A few ways you can use your cover photo are:

  • Photos from around your market
  • Photos of your office staff or members of your team
  • Photos of special events, promotions or exclusive deals
  • Advertise a featured listing
  • Collage of photos or your listings or your happy clients
*  Keep in mind, the size of the timeline cover photo is 850 x 315 pixels.

You also will want to emphasize your most important posts.  Keep them most visible by pinning them to the top of your timeline.  The post will stay there for up to 7 days.  You can also highlight any story, giving your story more exposure by expanding it the width of your timeline.  Always highlight or pin to the top your real estate marketing fliers and your special events.

Lastly, you are going to want to add history to your Facebook page.  By adding milestones, you can give your fans a look into your real estate business and see your growth overtime.  Use photos to mark milestones such as awards, new location, new brand or product, new staff, etc.

Whatever you plan on doing with your Facebook business page timeline, be sure to take your time and put thought into it.

Tuesday, March 20, 2012

What Agents Need to Look for in a Manager

Typically when I hire a new agent, I know that they have interviewed with other companies or offices.  After I hire them, I always ask them what made them choose to join our office.  Overwhelmingly they state a majority of the interviews they've been to with other managers, consisted of nothing more than a high pressure close to get another body.

I would hope that most new and experienced realtor recruits try to look for the following in a manager:

1.  Coach - This word tends to be a “buzzword” in the Real Estate industry today, but a true coach should be a person who can help the new Realtor get their new career up and running quickly, with their end goal for the Realtor to get “paid” in their first 90 days on the job. You may think that 90 days is an awful long time to wait for commission income, but consider that the industry average is approximately 6-9 months! Ask your potential manager how long it took their average new Realtor to earn their first commission in the last 12 months.

2.  Technologist – With over 90% of the public accessing the Internet for Real Estate information, a manager should be familiar with technology and the implementation of it to help the new Realtor become successful quickly.

3.  Business Analyst – A manager should be able to spot and analyze trends in their market place. Does the manager that you’re interviewing with know their market. What’s their current inventory in the marketplace? What’s their average Days on Market? Do they know of any business opportunities in a target mini-market that could increase my personal business?

4.  Business Planner – A manager should be able to help a new Realtor create a custom plan detailing the who, when, what and where of networking so the new Realtor can become successful quickly, not flounder about for months.

5.  Trainer – Even with the majority of companies offering corporate level training. The branch manager will most likely be the individual to answer questions and offer tips and techniques for the new Realtor. A manager with sales experience can provide tried and true methods to generate sales.

These traits in a manager can help a Realtor start or restart their career on the right foot!

Good luck in your new career!

Brandon Penny
(919) 402-1201

Friday, March 16, 2012

FM Durham Tech Bytes: Dropbox

When conducting your daily business, how many devices are you using?  Are you using a PC, MacBook, iPad and iPhone?  Does working with so many different platforms create a challenge for you?

What you need is a cloud based solution for working with your files.  Some agents like working with Google Docs or Microsoft Live.  But I prefer Dropbox, because it allows you to edit your files. 

By storing all of our business files in a Dropbox folder, everything is in the cloud. Securely stored with access to past versions. Plus, you have the ability to share files with other Dropbox users.  This is great for real estate teams.  Giving each team member or assistant access to the documents you are working with. 

If you add a file to your PC, it will sync with your Dropbox folder on your MacBook or iPad.  This has pretty much made flashdrives obsolete. 

Cloud computing is changing how business is done. With easy access to all of your important files, catching up on work can mean 10 minutes with your iPhone in line at Starbucks.

Brandon Penny
(919) 402-1201

Monday, March 12, 2012

Negotiating Price on Your Listings

Last week we had Stacey Anfindsen, from the TARR Report, present to our office during our meeting.  When reading through the 2011 Fourth Quarter and Year End Durham County Market Summary, one paragraph that stood out to me was "what happens when a house is price correctly at initial list."  It reads:

Good things. When final list price is equal to original list price, the average days on market for closings during the quarter was 59 days and the house sold for 96% of list. When final list price is lower than original list, there is a days on market penalty. These houses sold in an average of 178 days and for an average of 84% of original list.
This clearly demonstrates the importance of pricing a home correctly.  You will have both a time and financial penalty for incorrectly pricing a home.  I do not feel that agents have a hard time pricing a home, I feel they have a hard time handling objections to pricing from a seller.  So today I want to discuss a few core concepts to help you empower the seller to make an informed decision  when choosing the appropriate list price for the home based on information from the marketplace.

  1. Position yourself as the messenger from the marketplace, not the message.  Use data from the MLS system, programs like the TARR Report and your CMA program to create the message.  Use data to support the message.
  2. Involve the seller in the pricing process to educate them about market conditions while giving them ownership of the results. 
  3. Determine a price at which the house is the most competitive with other listings in the market place.
  4. Establish with the seller the direct correlation between "Price" and the length of "Time" a property is on the market.  It is imperative the seller understands time on market is directly influenced by price.
  5. Do not take their objections personally.  Simply put, and objection is just a request for more information.  Use this as an opportunity to get them the information they are looking for.
  6. Look for patterns in their objections.  There are a handful of objections you hear on a regular basis.  Identify these and have answers ready for them. 
  7. Answer the objections before they are asked.  If you know that you repeatedly get an objections during a listing presentation, why wait?  For example, agents report that they are frequently asked by sellers about the relationship between market value of their home and tax value of their home. Instead of waiting for them to ask (or worse them wondering about it but not asking) address the issue in the presentation.

These are just a few thoughts that will help you better deal with your sellers when negotiating a list price.  Good luck!

Brandon Penny
(919) 402-1201

Tuesday, March 6, 2012

FM Durham Tech Bytes: An app for safety?

Recently there have been reports of three homes in Apex, NC that had jewelry stolen during open houses.  This is a reminder that agents and homeowners need to take some steps to make sure their open house is a safe one.  According to National Association of Realtors less than 1% of buyers purchase a home they saw at an open house, however 45% use it as a source of information in the search process. The open house is a smart lead generation idea for an agent and a good way for sellers to let prospective buyers see their home, you just want to make sure it is safe.

Moby is a GPS software company that provides a smartphone safety app for real estate professionals.  Moby released the results of their 2011 safety survey as part of a free Safety Toolkit. Available now from Moby’s website, the toolkit can be used by real estate associations, offices, and individual agents to provide safety education and awareness.



“Many real estate professionals find themselves in situations that put their personal safety at risk, such as meeting new clients alone or visiting unfamiliar neighborhoods at night, which are all considered necessities to simply fulfill the everyday requirements of their job,” says Rob Goehring, co-founder and VP Marketing and Product Management for Moby. “The number of agents and brokers who feel unsafe is alarming, yet they assume the risks as part of the business but have indicated a strong demand for safety training to better prepare and resolve safety issues.”

Moby is a private location sharing app.  It can help you locate family members and see their exact location on a map, family members can check in with you to let you know when they have arrived at their destination, and with the push of a button you can ask for help while instantly notifying your family members of your location.   With Moby, you can control who can see your location and for how long.  They have apps for iPhone, Blackberry and Android.  Best of all, its free!  Give it a try and stay safe!


Brandon Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, March 5, 2012

"Yes I can"

I recently conducted a training session called Facebook 101:  Business Pages.  It is designed to help real estate agents set up their business pages and to provide them with ideas for their business page action plans. 

During this session, I told the class that I make two, value-added posts a day to my Facebook business page (Fonville Morisey Durham).  A student in the front of the room said, "that's a lot!"  My reply to her was "who says that's a lot?"

I responded to her that she had basically already talked herself out of using social media as a part of her marketing plan.  She agreed.

This was a perfect example of self-sabotage.  How many people talk themselves out of things before they give themselves a chance to start?  This really is sad when you think about it.  How many great ideas has someone given up on simply because they thought it would be too hard?

There is enough negativity in the world to keep us down as it is.  Why would we allow ourselves to be another barrier to doing something new and exciting?

Next time you are thinking of doing something, and that little voice in your head says, "that will be difficult" or "you can't do that" stop what you are doing and shout, "YES I CAN!"

Just like a bully that would steal your lunch money, once you stand up for yourself, the bully will usually back down.  Stand up against your own self-sabotaging bully.

Brandon Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201

Monday, February 27, 2012

FM Durham Tech Bytes: Slideshow Videos

Trying to get a jumpstart on the week, so I'm posting a tech byte a little early this week, and it's a good one! 

Old media like Yellow Page ads, newspaper ads and even T.V. and radio ads are no longer effective ways to advertise real estate.  Today real estate searches begin online.  To make sales you have to go where your customers are, and these days people are hanging out online on sites like Youtube, Facebook and Twitter as well as other video and social networking sites.

Today I would like to discuss a few slideshow programs that will allow you to create unique video slideshows displaying your client's listing photos in a matter of minutes.  These are low cost ways to create buzz and get your message out quickly to sites like Youtube, Facebook and Twitter with awesome videos that will impress your clients.

Animoto

Animoto allows you to combine high-quality images and short video clips with music to creat beautiful slideshows.  Best of all, Animoto is inexpensive and easy to use.  You start by uploading photos and video clips, or sync Animoto to your Facebook, Picasa, Flickr, or Photobook account.  Then, you choose music from Animoto's large music library (600 or 1,000 songs depending on your account type), type in the text you want included, and Animoto produces a beautiful video slideshow within minutes.  If you aren't satisfied with the result, then Animoto makes it easy to resubmit the video until it meets your expectations.  There is a great app for iPhone users that makes it easy to build videos from your phone!


Stupeflix

Stupeflix is another web-based platformt to help you streamline your slideshow video process.  Stupeflix is great because it is built right into Youtube.  You can build your own themes or you can use it's pre-built themes.  All you have to do is load your images or video clips, add titles and add music either from your computer or directly from Youtube.  You can also add a pinpoint location of the listing from google maps, giving a potential buyer an idea of where the property is located.  And for those Android smartphone users, there's an app for it as well!

Flixtime

Flixtime is another slideshow video building application.  It allos you to make 60 second videos using your own images, videos and music.  With this online platform, you do not need to download or install any additional software.  You select media from the program's "media lounge" or you can upload your own media files.




Take advantage of these great tools to showcase your listings, generate TMLS compliant videos, market your services, and be found on video and social networking sites.

Brandon Penny
bpenny@fmrealty.com
http://www.facebook.com/fonvillemoriseydurham
(919) 402-1201