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Featured news & tips — posted September 14, 2004 Contact management tools make you a better, more profitable agent

You don’t spend your day behind a desk — but many of your potential new customers do, and that’s when they’re contacting you. Short of hiring a personal assistant, how can you connect with them and still work with your current clients? You automate it.

According to the National Association of REALTORS®, 73 percent of REALTORS say technology has made selling easier and increased their selling time. Likewise, contact management software has become a lifesaver to agents because it organizes all of their prospective and current clients and their appointments. Many systems also act as an agent’s sales and marketing team because it can direct mail or e-mail campaigns and they can supply the data for tracking their performance, such as the length of time it takes to close a sale.

But most contact management software is just that: software. A package you buy, install and have to call in your tech savvy son — or IT person if you have an office — to fix when it’s broken.

However, many companies are nipping problematic software in the bud by putting their contact management solutions on the Internet. These Web-based applications allow for anywhere-anytime access, a plus for agents using PDAs. In keeping with the trends, a la mode has just rolled out its own contact manager — a feature included in every Agent XSite at no additional cost.

Don’t you hate it when you talk to someone on the phone and they’ve forgotten half the details from a previous conversation? Your prospects and clients do too. XSites contact manager helps you track every contact with detailed records, including phone numbers, addresses, e-mails and unlimited notes. This information is always available to you anywhere you have access to the Internet — even a mobile device. You’ll never be unprepared when a client calls unexpectedly.

XSites’ online scheduling feature also gives you access to your appointment calendar at any time. Simply login to your XSites' secure admin area to confirm or change appointments, send reminders and e-mail clients. You can even import and export contacts and schedules to and from Microsoft Outlook® and Outlook® Express, ACT!® 6, Agent® v6.0, and Top Producer® 7i.

Agent XSites' contact manager also serves as your own personal marketing database manager. Its filter, sort and search capabilities allow you to define target groups for e-mail and print marketing campaigns. You can send targeted e-mails through your free CertMail account or export a target list to Microsoft Excel® for print campaigns.

And, if you’re using a la mode’s CertMail, you’ll notice some improvements there as well. Now, all CertMail accounts have a more robust, intelligent spam blocker, the ability to attach HTML signatures, e-mail forwarding options and rules that can help you better organize and manage your mail, even a multilingual spell checker. On the back end, we've installed separate new servers dedicated to CertMail's mail processing and storage for even greater storage capabilities, speed and spam blocking.

What's not new is that CertMail still gets you the same huge 100MB of mail storage space and SureReceipts, which lets you know when your client has received their report, and it's still virus-protected.

Nearly a quarter of REALTORS are using some form of contact management software, according to a March 2004 technology survey from NAR. That number is expected to double as more and more agents grow to rely on the Internet and mobile technology to help them do their jobs better. And, as all agents know, projecting a professional image is almost as important as the sale itself. What better way to show your clients and competitors that you are on the cutting edge than your quick response time with their inquiries and a website that practically does business for you?


Real estate agents worry about the effect hurricanes will have on Florida's market

With two hurricanes down and one on the way, Florida real estate agents are worried the once-record breaking real estate market will face a slowdown due to damage clean up and apprehensive consumers too scared to put money toward a home that may be wiped away.

Hurricane Charley pushed the closing of 10 to 15 percent of transactions on existing homes from August into September, and that number is expected to be even more significant in the aftermath of Frances, Ron Acker, owner of Winter Park's Re/Max 200 Realty, told the Orlando Business Journal.

"The numbers (of people) out looking right now are minuscule, and even if you have a contract on a home, finding a mortgage company and an insurance company to work with you are very difficult. There will be delays,” he said.

It’s no secret that Central Florida's economic engine has been fueled by home sales over the past few years — both new construction and existing. But in the Charley and Frances aftermath, mortgage and insurance companies have changed the way they are doing business, causing some changes in the real estate market.

Because the Federal Emergency Management Agency (FEMA) declared most of Central Florida a disaster area, many mortgage companies must take a second look at properties that were appraised before the storms.

"In emergency situations, our major lenders require us to go out and do inspections to see if properties that have previously been appraised may have been damaged," Rob Mitchem, sales manager for Homebanc Mortgage in Orlando, told the Business Journal. "The appraisers are looking for visible outside damage. We just want to make sure the property is still in good condition. It protects us and the buyers."

There are other problems too — affecting both real estate agents and home buyers. Many insurance companies stop writing and binding new policies when hurricanes threaten the state, causing problems for potential home buyers needing homeowners insurance.

Plus, office damage and lack of power or phone systems in some places, hindered agents’ ability to conduct business and many home buyers were faced with damage to their current homes, delaying their searches for a new one.

But many real estate professionals are confident the market will bounce back to its healthy numbers. After all, it is one of the strongest markets in the U.S.

"The effects from a weather event are typically short-lived, and sales numbers typically don't take long to rebound and normalize," said Walt Molony, a spokesman for the National Association of REALTORS®.

"The only thing we can safely say about storm impact is it can delay transactions on a localized basis. In terms of annual state sales there is no discernible impact," Molony said.

"On a monthly basis we've previously been able to detect adverse weather impact in a U.S. Census region in existing-home sales (such as a major winter storm), but see a catch-up the following month. On a quarterly basis the sales data tends to 'smooth out,'" he added.


How to e-mail your current and future customers

You’ve been gathering e-mails from your family, friends and associates for months and you’re ready to launch your e-mail marketing campaign in an attempt to reel in some new business. Before you begin any type of e-mail promotion, you’d better make sure you’re in check with the CAN-SPAM Act.

The CAN-SPAM Act of 2003 (Controlling the Assault of Non-Solicited Pornography and Marketing Act) signed by President Bush in December 2003 and effective as of January 1, 2004 creates a national standard to control the problem of deceptive or fraudulent commercial e-mail.

The Act outlines a series of practices you must follow when sending commercial e-mails (such as your e-mail describing your services to potential home buyers) both solicited and unsolicited.

The Act requires all commercial e-mails to include:

  • a legitimate return e-mail and physical postal address,

  • a clear and conspicuous notice of the recipient's opportunity to “opt-out” of receiving any future e-mails,

  • a way for the  recipient to send a message requesting not to receive any future e-mail messages from the sender (active for at least 30 days after message transmission),

  • a clear and conspicuous notice that the message is an advertisement or solicitation, and

  • a notice in subject heading if messages include pornographic or sexual content.

E-mail communication to your current customers and clients is exempt from CAN SPAM, such as e-mails sent by a listing agent or broker to a seller who has listed their home for sale, or by an agent or brokerage to a prospective buyer who has already had communications with the agent. But, make sure that e-mail is what the Act refers to as a “transactional or relationship messages” and its primary purpose is to:

  • facilitate, complete or confirm a commercial transaction that the recipient has previously agreed to enter into with the sender;

  • provide warranty information, product recall information, or safety or security information with respect to a commercial product or service used or purchased by the recipient;

  • provide information with respect to a subscription, membership, account, loan or ongoing commercial relationship involving the ongoing purchase or use of products or services offered by the sender to the recipient;

  • provide information directly related to an employment relationship or related benefit plan in which the recipient is currently involved, participating, or enrolled, or;

  • deliver goods or services, including product updates or upgrades, that the recipient is entitled to receive under the terms of a transaction that the recipient has previously agreed to enter into with the sender.

Following these rules can mean the difference between a $200,000 sale or a $2 million fine for noncompliance with the CAN SPAM Act. That makes the choice easy.

  
News briefs
2004 expected to be a record-breaking year for existing home sales
Existing-home sales will increase about 6.5 percent this year to a record breaking 6.5 million,  according to the National Association of REALTORS®, due to g
reater than expected sales of existing homes in the first seven months.

New-home sales also are expected to rise to a record level this year, to 1.16 million, up 7.1 percent. Housing starts are forecast to increase 4.8 percent to 1.94 million in 2004, the strongest pace since 1978 when baby boomers were entering the market en masse.

David Lereah, NAR's Chief Economist, said a continued decline in mortgage interest rates is creating favorable market conditions at a time when household formation is rising.

Though NAR projects the 30-year fixed-rate mortgage to slowly rise to 6.0 percent in the fourth quarter, the average rate for the entire year should be 5.9 percent, the second-lowest annual average since the mid 1960s. The lowest rate in recent years was 5.8 percent in 2003.

"Price appreciation is projected to be only slightly higher than historic norms next year, as supply levels come closer to market demand. Although we expect the number of home buyers to continue to exceed sellers, the situation should improve in 2005," Lereah said.

The national median existing-home price for all of 2004 is expected to rise 7.5 percent to $182,700. At the same time, the median new-home price will grow by 8.9 percent to $212,300.

Kansas agents can now give out "stuff"
Real estate agents in Kansas are permitted to offer gifts and gratuities to a principal in a sale, purchase or lease transaction, according to a new law (S.B. 404) that went into effect July 1.

The bill was supported by the Kansas Association of REALTORS
® (KAR), whose representatives said the repeal of the inducement language was originally intended to protect the consumer from “the
unscrupulous offering of such gifts and gratuities; however, today’s real estate marketplace ensures that any offering is limited or economically not feasible, as they erode the profit a real estate transaction may yield.”

According to KAR, if what you are offering a client or potential client is “stuff” or leads to “stuff” (e.g. gift certificates), you will be in compliance with Kansas law. Direct cash rebates, certificates paying for part of closing costs, or anything that leads to compensating an unlicensed individual still violates Kansas law.

The new law also allows the Real Estate Commission, when considering whether to grant or renew a license, to consider the person’s conduct, which reflects on the person’s honesty, trustworthiness, integrity, or competence in the real estate business.

The Commission can also take disciplinary action against a licensee if he or she has committed a violation in another state and disciplinary action taken resulted in suspension, probation or revocation of the license in that state.

NAR designates this week as Safety Week
Real estate agents face more on-the-job risks than many other business professionals, due to their frequent contact with unfamiliar people in isolated locations. That's why the National Association of REALTORS® designated September 12-18 as the second annual REALTOR® Safety Week.

The purpose of this week is to promote learning and discussion among REALTORS® about safety challenges they face and offer solutions to high-risk situations. NAR offers several safety tips for REALTORS®, such as:

● Keep a charged cell phone with you at all times.
● Be careful how you dress. Flashy or expensive jewelry might attract the wrong kind of attention.
● Don’t put your home phone number on your business card.
● Never advertise a property as vacant, you never know the intentions of the person you're showing that house to.
● Always take your own car for showings — not your customer's.

Contact us


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Amanda@alamode.com.

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1-800-ALAMODE.

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