January 15, 2010

Winning more commercial real estate deals in tough times

Follow Lucernex on Twitter Lucernex on LinkedIn Subscribe to Lx Blog

So many brokers are competing for deals with the same companies every day. I can bet that each company with a lease renewal or relocation on the horizon is about to get 20 calls a week from an almost begging the agent to get an appointment.  With an already skeleton crew or perhaps nearly busting at the seams these companies are looking for the best guy or gal to get the job done quickly, efficiently and thoroughly for them.  There is no time to be reviewing broker’s resumes or interviewing 5 top agent commercial houses.  These CEO’s and CFO’s want to find someone who can solve their problems overnight. It’s the receptionists that file those stacks of resumes and business cards, but there is always one that catches the eye……………..

New agents today are nearing starvation to land a deal, while the “Old Dogs” still keep slamming deals out of the park.  Makes you wonder how they do that……..repeat business is key of course but reinventing yourself in today’s competitive market is critical to be in front of the pack. Don’t be fooled those “Old Dogs” are learning new tricks too. (more…)

:: 1 Comment »

December 31, 2009

Social Media Use in the Real Estate Industry

Real Estate Software expert and Lucernex President Joe Valeri (see Joe’s management summary here) discusses the use of social media in the real estate industry.

It will probably surprise you as much as it did me when you learn that real estate professionals are the number one user of social media for finding business resources Business.com’s Social Media Benchmark 2009. So what are real estate professionals using social media for and which sites are they using most. The study linked above will tell you that the most common social media use is attending webinars and watching podcasts. A bit more research shows that there are thousands of real estate professionals on the major social media sites like LinkedIn, Facebook and even Twitter. While these tools are useful for finding out a little about a person and for providing contact information, other real estate professionals are setting themselves apart by creating Blogs and other web resources to provide industry information that many will benefit from. For example The Tenant Advisor: http://www.coydavidson.com/ is a good example of how a single house can use social media to provide information about their market while promoting themselves. The writer also recently provided “scores” for the effectiveness of social media for his business.

(more…)

:: No Comments »