Avoid These Silly Real Estate Agent Mistakes

Posted by Paul on 13. February 2018

I am in to this profession since the dawn of my childhood, a passionate writer but now I get some buck too.. I welcome all the beginners and the old hands to come and join us..

Are you looking to sell properties? Building a career in real estate is one of the tedious tasks. It is an amalgamation of intimidation and frustration. Mistakes are part of life and in real estate mistakes are as common as any other field. These mistakes can be little more frustrating but like others, they are curable.

In this post, we are going to discuss some of the silly mistakes that are common in the realm of real estate. Without further ado, let’s get started,

●      Fails To Keep The Constant Flow Of Communication

The most important aspect of keeping the business intact is keeping a steady flow of communication. Failing to do so will lead you to lose the client. There are many instances where newbie real estate agents lost to be the track of their clients which leads in two cases. They either switch their agent or they lose interest in the property. Either way, the agent will lose the client.

Do not fall for such mistakes. Keep them close to you. Make them feel valued. Show them that you care for their well being and show that you intend to help them find the best property.

●      Not Making New Prospects Everyday

This seems pretty convincing. There are many instances where cold calls in real estate market seem mere luck. But I can assure you it is pure practice. All the new real estate agents feel uncomfortable in cold calling potential clients. This mostly leads to bizarre start which can later result in an unsuccessful career.

You don’t want that for you. Keep making new prospects each day. This will result fruitful in your future. New real estate agents might find it difficult in talking to someone whom they just saw on their computer screen. Whether you believe it or not, this is one of the practices that will make you veteran real estate agent one day.

●      Spending Time Doing Wrong Things

Time is the one thing which can be one of the most profitable investments for sure if used correctly. New real estate agents usually do something at this time which they regret afterwards. I know it is intimidating. You don’t want to feel bad once you give so much time to some activity and later find it worthless.

Plan your approach accordingly and all the results will shift in your direction. Poor time management is yet another common mistake you need to avoid or your career will fall into oblivion.

●      Are You Still Not Using Social Media!!

Real estate is a business with a lot of competition. The nature of market can shift in a second. In such dynamic area, if you are still relying on traditional marketing strategies, then my dear friend you need to think again.

Social media platform is a new way to market your product. For a real estate agent, real estate property is their product/service (Although they don’t produce it). You need to leverage the reach of the social media platform like Facebook, Twitter, Instagram, Linkedin, Pinterest, Snapchat, and much more than that. This entire community gives attention to your business and clients will flow. So, take advantage of these amazing social media platform and get clients like never before.

●      Not Focusing In One Area

The rookie mistake in real estate can be pretending to know everything. Not focusing on one particular area can lead your career down to zero. You probably don’t want to do that do you? For instance, take an example of any big company. Say Expedia, they offer travel related services. The service list is exhaustive but all fall under travels only (Note that they have number employees to cover that).

You as a person can focus on only one thing. Don’t be a hobo with a closet of magic. Be expert in one thing. That can be either condominiums, rented property, or anything of your choice but only one. Expertise on that with focus and your career will flow like a giant river.

●      No Time For Self Improvement

This can cause a denting effect not only in your career but also in your life. Life is a process of mistakes and improvements. The biggest mistake of your life can be not learning from the mistake. Yes, everyone makes mistakes, take a time out and evaluate what gone wrong and rectify it.

You don’t have to invest much time on that but yes you should invest at least a little time. Give yourself a chance first and then ask your client to give you one (Chance).

●      Are You Less Determinant?

This is the biggest mistake of all in real estate industry. Hard work is non-negotiable in the business. You skip that, the profit will skip you entirely. There is no denying in that. You need to work hard to get hold of clients, be in touch with them, seek out to be a mentor. All of the tasks required determination and if you lack that, you lack everything.

Over To You Fellas

In the end, it all falls under your shoulder whether you embrace it or not. Everyone makes mistakes and that is certainly not new. However, not learning from that mistake can be daunting and lead you to your downfall.

Let me put a summary of the above points to make sure that you get the point,

• The most important aspect of keeping the business intact is keeping a steady flow of communication. Failing to do so will lead you to lose the client.
• Keep making new prospects each day. This will result fruitful in your future. New real estate agents might find it difficult in talking to someone whom they just saw on their computer screen.
• Plan your approach accordingly and all the results will shift in your direction. Poor time management is yet another common mistake you need to avoid or your career will fall into oblivion.
• Social media platform is a new way to market your product. You need to leverage the reach of the social media platform like Facebook, Twitter, Instagram, Linkedin, Pinterest, Snapchat, and much more than that.
• The rookie mistake in real estate can be pretending to know everything. Not focusing on one particular area can lead your career down to zero.
• This can cause a denting effect not only in your career but also in your life. Life is a process of mistakes and improvements. The biggest mistake of your life can be not learning from the mistake.
• This is the biggest mistake of all in real estate industry. Hard work is non-negotiable in the business.

I hope you do get the point. Plan your approach and nail success on your wall. All the best with that.

David Lane wrote this post. He is currently working for Thailand Property as a Blogger and a Realtor. David is highly enthusiastic, patient and honest. In his spare time, he loves to play golf with a shotgun and go fishing. David often praised by clients for his humble behaviour and honesty.