What’s the problem with UK Estate Agency today? (Part 1)

Well, You aren’t the problem – far from it. Its the UK estate and letting agency system that is the problem. The system and the techniques of generating new business in estate agency, which used to work 10 or 20 years ago dont work now. That’s not your fault. You aren’t to blame for that. You are an awesome estate agent working in an industry that is really hard work… doesn’t it?

A few days ago I promised you I would show you  a different system, a different way to generate new instructions and listings for your agency .. where people come to you – because you weren’t just another estate agent .. you were even the the local property expert .. you were the leading authority on property in your town.

Over these series of posts in the coming week, I will show you the four main ways to make yourself the local property authority (click here for original article) .. so here we go …

cc kscb qwhjcb hwejbcjwhq

People like to tag other people so we can understand them; it’s just the way human mind works.

By giving people a tag (or one might even say a label)  we can put them into a box in our heads.

He is an estate agent, she is a letting agent, she is a teenager, he is football supporter, she is lady ‘who lunches’, he does drugs, she is a solicitor, he is OAP, she is an Airline Pilot.

The reason we tag people is it’s so much simpler to attach a certain set of assumptions, one might say a set of rules or a template of that person and what they do (the tag), to that ‘type’ of person.

Its just the way the human brain works .. we like to put people into neat little boxes .. but here is the issue

It makes it easy to assume or surmise what someone is like, and someone is stands for.  And it is the death nail for you and your estate agency brand… because let’s be honest – the industry doesn’t have the best of reputations .. we are down there with Double Glazing salesman and Parking Wardens

If you have a one-dimensional simple label that you identify your brand with – estate agent or letting agent, whatever – people will see you as part of this great big group of estate agents and letting agents that they already have templates for in their mind.  And you will not stand out.  At all.

As an estate or letting agent don’t need a tag or label – you need a purpose, you need a sticker in the back of your car (like they had in the 1990’s  …. ON A MISSION)

Things you stand for that the rest of your industry doesn’t stand for, or has a painfully weak stance not worth mentioning.  Your mission is to bring value. Passion, professionalism to Estate and Letting Agency.  Only you can decide what that is, and once you do, you’ve got to push for it with all you are worth.

Then you’re not another  estate and letting agent, you’re you.

You are worth remembering. 

You are not just the MD of an estate agency in deepest Berkshire, no, you are the Sir ‘Bleeding’ Richard Branson of Estate Agent MD’s.  You are the daddy.

You need to decide what it is you stand for and what you bring to the estate and lettings industry.  And then you need to live that out loud so no one can possibly put a label on you.  And then nobody forgets you.

When I started out as a Guide for Business Generation Guru for Estate and Letting Agents,   I had mission.  I walked in determined to bring class to the Estate agency industry, inspire the hell out of pressure-crushed agents, and give straight talk without the bullshit you see everywhere else.

You can like me, you can hate me.  Whatever.  I’ve got mission, and that’s why business comes to me and I’m not scrambling around looking for it.

Get your own mission.  I want to see the same thing happen to you.. but choose you mission well.

Choose a mission where people will follow you, because you are the leading authority and what you say goes. Think about what will intrigue, fascinate, educate, and help all the home owners and landlords in your town .. so they hang on very word you say?

The mission I think you need to have is to give the people straight talking advice and opinion on what is happening on your town to the value of their property – that is a worthy mission – because people are fascinated by property.

Early next week, I shall explain what Part 2 is in becoming the local Property Authority

kindest

Christopher

 

Christopher Watkin

I teach, guide, support, mentor, consult, counsel, partner many hundreds of UK Estate and Letting Agents in their quest to grow their estate and lettings agencies business. Old school techniques of touting, landlords wanted leaflets, ring us for a free valuation, we have sold this in your street leaflets don't work anymore. There are too many competitor agents .. meaning cheap fees are epidemic, overvaluing is almost a norm to get the stock and don’t even mention about the online/hybrid threat. So a few years ago, I set about looking around the UK and spotted that certain agents (not many mind you) in certain towns were still seen as the ‘go to person on property’, the person the newspaper editor rang up every week for a comment and I looked at what they did and they were doing some thing quite remarkable…. Only one thing but they were doing it so well .. and reaping the reward in terms of decent listings and decent fees, happy staff, decent sales pipeline and exchange income, managed lettings portfolios in the many hundreds .. but more importantly, they really enjoyed the job… they enjoyed getting up in the morning and people looked up to them Over 400 agents around the UK are on a mission to change the way our Estate and Lettings agency profession is perceived and looked upon, doing it town by town, city by city. I guide these 400 agents, teach them, mentor them and support them to be seen in a different light, to be seen as the ‘go to person for property’, actually be the ‘local property expert’ and prove it. Christopher Watkin 07950 147 572 christopher@christopherwatkin.co.uk

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Rightmove House Price Index: Record asking prices driven by pent-up demand

The average price of property coming to the market for sale reaches a new record of £375,131, rising by 0.8% (+£2,807) in the month, as the momentum of the Spring selling season exerts some modest upwards price pressure : The market remains price-sensitive with average asking prices just 0.6% higher than a year ago The…
Read More
Breaking News

Breaking Property News – 17/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   New digital ecosystem Home set to transform how we move and manage our homes With moving home widely acknowledged as one of life’s most stressful events, pioneering new digital ecosystem Home is set to revolutionise the moving process, for the first time allowing movers…
Read More
Home and Living

7 Space-Saving Porch Swing with Stand Solutions for Small Yards

Porch swings signify feelings of relaxation and classic properties as they turn an outdoor space into a warm and comfortable haven. Nevertheless, for people living in small yards or with no outdoor area, getting a swing with its own stand is very difficult. The benefit is that these choices come in many different options, which…
Read More
Letting Agent Talk

Investing in Properties to Let as Airbnbs on the Isle of Wight

The Isle of Wight, a gem located off the southern coast of England, has become a prime destination for holidaymakers seeking a tranquil escape. This growing popularity has opened up lucrative opportunities for property investors, particularly those interested in letting properties as Airbnbs. Here, we delve into the benefits, considerations, and strategies for investing in…
Read More
Breaking News

Breaking Property News – 16/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   PriceHubble powers Mitsubishi Estate’s newly launched real-time generative AI property consultant Zurich/Tokyo, May 16, 2024 – PriceHubble, Europe’s leader in property data solutions for finance and real estate, is powering an innovative generative AI solution launched in beta version on the Japanese market by Mitsubishi…
Read More
Breaking News

Breaking Property News – 15/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Savills Investment Management wins City of Munich as a new tenant in the Atrium office building Press Release – Frankfurt, 15th May 2024. Savills Investment Management (Savills IM), the international real estate investment manager, has signed a lease agreement with the City of Munich…
Read More