Cheap Fee’s or Great Fee’s .. just become your town’s PROPERTY GURU.

Influence is a funny thing. Thirty years in Grantham, there were three big estate/lettings/surveying practices, William H. Brown, Goldings and Escritt and Barrell. People thought all the Directors all walked on water and the unclean of Grantham dothed their cap as they drove by in their fancy cars. They were Grantham Property Glitterati, charged full fees, the gurus of property in their town. To get to that point, they had worked 25 years rising up the ranks, sweeping floors, working under the boss as a slave until they retired and they took the reins .. it had been like that for 100 years and it would continue like that for another 100 years .. wouldn’t it?

However, the world has changed, technology democratises anything it touches, and now, thanks to internet and social media, you can have followers even if you haven’t done the sorts of things .. you can be your town’s guru, the go to man or lady, the No. 1 influencer in your towns property market .. I am not jesting here and no bull either. Don’t get me wrong though, it is hard work .. really hard work! Still interested? .. read on my blog reading friend

If you want to become your town’s local property guru, the fount of all knowledge to do with your local property, then you have to prove it. .. but once you have, you will have influence, you will be your town’s property guru.

Writing the articles about your local property market in local newspapers, local newsletters and blogs have to tell a story, but at the same time, not give a lecture. By hinting at the facts you will get greater results, instead of just announcing the facts. It is really hard to prove your way into getting the landlord to walk through your door, let alone use your agency —you gain a landlord when the landlord proves to himself (or herself) that you are a good choice.

The process of discovering you are the best letting agent is more powerful than being told by a mate (or you) that you are the best agent. Why? …because in this funny old world, there is no right or wrong answer, and here is the best bit, even if there were, the landlord wouldn’t believe you!

Is a Audi A3 better than a Skoda Fabia? Both are decent sized family motors, both will get you to Birmingham in about the same amount of time. They are based on the same skeleton and have the same engine in them… probably made in the same factory, they will use the same amount of petrol and nought to sixty is the same …. but the Audi is £22,000 and the Skoda £14,000. Is the Audi 50% better?

That depends.

When a car buyer slams the door of the Audi, it tells a story. A story about safety and workmanship, a story that says solidity and performance. That doesn’t happen with a Skoda. What’s the Audi story worth? How does it make the buyer feel about the brand and the way he’s chosen to spend his money?

Audi spends almost all of the price premium they charge building stories for customers to believe, to enjoy and to share. They put those stories into the TV or the way the accelerator feels or the intelligent actions of the windshield washers. …. but underneath the bonnet, it’s the same engine, the same engineering, same suspension…. it’s the same bloody car! ….. but Audi wins because they are authentic in their quest for a car worth talking about.

That’s why it’s important you are worth talking about Mr and Mrs Fellow letting agent; by becoming the local property expert; using blogs, newsletters and newspaper advertorials to tell a story about the local property market.. you need to post three or four times a week on your blog (otherwise you are wasting your time). But then you need to get people to your blog (no point in writing something if nobody is going to read it), then you need to get those regular visitors to then contact you.

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

Breaking News

Weekly News Roundup – 19/04/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents Ascendix deep dives into the world of the AVM CEO Adam Pigott on tour in Norfolk with tlyfe App VTS Activate Multifamily launches   Ascendix deep dives into the world of the AVM This month Yana Yarotska from Ascendix…
Read More
Breaking News

Breaking Property News – 18/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Scotland to get to Net Zero by 2045 in stunning U-turn Because of its serious implications here in full is the Scottish ‘apology or explanation’ why it thinks it is OK to let the planet burn for the next two decades. Net Zero and…
Read More
Breaking News

Breaking Property News – 17/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   CEO Adam Pigott on tour in Norfolk with tlyfe App Full disclosure CEO Adam Pigott and his team are one of my earliest clients, so it is always a pleasure to hear what they have been getting up to. And this week they were…
Read More
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker

Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago The average 60% LTV 5-year fixed mortgage…
Read More
Rightmove logo
Breaking News

Rightmove comment on inflation reducing to 3.2%

UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts. Matt Smith, Rightmove’s mortgage expert said: ‘It’s positive to see inflation continuing to fall this morning, albeit not by quite as much as expected, as the blocks continue to build towards the anticipated…
Read More
Estate Agent Talk

Multifaceted Rewards of Vineyard Estates: Investing in Vineyard Estates in Provence for a Fulfilling Lifestyle Business

Vineyard estates provide an exceptional opportunity to invest in a lifestyle business that aligns with a passion for crafting something unique, freedom for creativity, and business interests while harmonizing with the rhythms of nature. In Provence, you can invest in winemaking and foster authentic connections with the land and community while enjoying your returns. It’s…
Read More