Nov
14
Times Are Changing for Real Estate Industry. Are You?
Posted by mbowler under Buying Real Estate
{EAV:42eed61e787fa898} The real estate industry is in a constant state of turmoil these days with economic challenges, regulation that has changed our business and innovation in technology that most brokers and agents are not keeping up with.
Times like this can be exciting, emotional, humbling, and can be miserable enough to make you want to quit this business and go get a real job, or it’s a time filled with opportunity and growth, it’s your choice. Of course some of us don’t really look at our career as a job because we love what we do. That is the big test these days; do you love what you’re doing?
It wasn’t that long ago an agent showed homes, wrote up an offer, turned in the paperwork and went to a closing within 30 days. Well, we all know those days are over. Today we have short sales, foreclosures, tight credit requirements, appraisal regulations and the list goes on. Now, I am not being pessimistic about the challenges we face, I am just being realistic that it’s not business as usual, or maybe it’s just the new way of doing business, you think?
Recently I read that MAR, the Michigan Association of Realtors has formed a committee or advisory group that is working with the State of Michigan to raise the continuing education requirements for agents to renew their license. Now, that’s great news because our current six hours a year or eighteen hours every three years is a joke. It should be a minimum of 90 hours every three years, in my opinion. Here is a golden opportunity to raise the bar for our industry when it comes to continuing education. After all, with all the challenges and changes above, should it not be required to make sure everyone knows what they’re doing?
Now in addition to the economic challenges we face it’s a double edged sword when it comes to innovation. The consumer wants a better experience on the Internet search capabilities, mobile technology, and obtaining data for neighborhoods, communities and lifestyle. This may be an opportune time for REALTORS to become more tech savvy, start offering more complete information and become better educated on what’s expected from buyers and sellers.
Most resources today are available via mobile including calculators, document signing, major portals with complete listing information, open house registration, photography programs, mapping, and an array of Google tools, just to name a few.
If you’re in the real estate business for the long haul and expect to compete in today’s market, I would suggest you begin by doing the following:
• Get yourself setup to be found online with profiles, website/Blog with IDX, and a presence on social media sites.
• Get an education on marketing to today’s consumer.
• Spend a few hours a day working your plan of action online
• Get the proper guidance and consulting, so you’re not just getting overwhelmed with shinny objects.
• Learn to master Mobile Technology. The future is here.
What do you think, I look forward to your feedback, comments, and questions.
“Expect the Best” Mike

Well, here we go again my real estate friends with a few more new tools you may want to add to your box or you could be playing catch up in the future.
It™s been a busy month with plenty of new changes taking place in the real estate industry for REALTORS. When an agent tells me they™re overwhelmed, I feel like saying, well life is overwhelming, so get with it and quit giving excuses. Technology, innovation, change and new laws are going to continue to overcome our old ways of operating in the real estate industry, so we may as well embrace it and enjoy the ride.
Real Estate marketing with Google – Agents, R U using it? Sellers, R U Expecting It? What do people see when they find you online? I used to hand out a business card, most of the time now, I say just Google Mike Bowler Sr. That way it gives the consumer or those interested in real estate an opportunity to get the bigger picture on what’s happening in the Greater Lansing real estate market.Real estate agents have a wonderful opportunity provided by Google to set their business plan in motion starting with the Profile. Here is where you can add content that explains the services you provide, your contact information, photos of your listings, your professional photo, and additional links that lead prospects back to your website. (You do have your own website, right?)
Sharon and I took a little field trip downtown today to the Lansing City Market. It was pretty busy for a Saturday afternoon and parking was very convenient. As we entered the first thing I spotted was the fresh candies and fresh bakery items. I said to myself, yes a loaf of cinnamon raisin bread just might be my prize before leaving here. You can buy fresh produce, bake goods, organic foods, meat, fresh fish, flowers or ice cream.
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