While many news outlets have a pretty gloomy take on what 2023 holds for the real estate industry, those in the know still see rays of sunshine.
Since the pandemic, the national real estate market has been on fire, seeing an unprecedented feeding frenzy that resulted in the two busiest years anyone can remember. Now that things are normalizing, it only seems like a foreboding and dramatic shift.
While the Chicagoland market might be a bit less competitive in the coming year, home prices should remain steady, property values should continue to appreciate (or hold steady), and it’s an ideal time for clients who were sidelined by the dread of a bidding war to start exploring their options.
Let’s take a deeper dive into conventional wisdom, maverick predictions, and what you can do to ensure your real estate business weathers the storm and continues to thrive.
Continue reading “2023 Chicagoland Real Estate Market Outlook”
They say “content is king,” which might be a bit of hyperbole, but there’s no denying that creative and relevant content is a guaranteed way to drive traffic to your real estate business website, outshine your competition, and generate solid leads.
Content, in this context, can and should include video, photography, and written content, and leaves the door open for other current and emerging elements, like infographics and renderings.
Many agents are good, and getting better, at preparing visual content (think video and images on social media), but where they’re missing loads of opportunity is in written content.
Continue reading “Content Marketing: Pro Tips for Real Estate Agents”
Effective negotiators are not born, they’re made. Even if you feel this isn’t one of your strongest skillsets, you can learn and improve your strategies and techniques to better serve your clients.
Coming to the table prepared and ready to bargain in good faith will not only result in satisfied clients, and help agents to land future referral business, negotiation skills are a top priority for home buyers. In NAR’s annual Survey of Home Buyers and Sellers for 2022, 83% of buyers listed negotiation skills as “very important” to their agent selection. It’s incumbent that agents become great negotiators!
Let’s dive into the best practices and some top tips for perfecting your real estate negotiation approach.
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2020 and 2021 have been truly unprecedented years in the real estate business. Major shifts to how we live, play, and work have affected all of us, and while some things will return to normal, it’s clear that our lives will forever be changed by the lessons we’ve learned over that time. In the real estate industry, the last two years have made it clear how important it is for those who work in this business to adapt, pivot, and see these challenges as opportunities — opportunities to build our businesses in a way that allows them to thrive in any conditions.
As we wind down the year, now is the time to look ahead — and start setting down goals and plans for 2022 and beyond.
Continue reading “What Should We Expect From Chicagoland’s Real Estate Market In 2022?”
What do the remaining months of 2021 have in store for the Chicago real estate market — and how can brokers prepare themselves for the rest of the year?
Looking at current trends, it is clear that there is an enormous amount of opportunity in the marketplace going into the fall. Agents who commit to understanding the market and putting in the work are in a prime position to set themselves up for a strong showing through the rest of the year, while also setting up for a strong beginning of 2022.
Let’s dig into some important trends that will shape the market through the rest of the year and beyond:
Continue reading “Chicago’s Fall and Winter 2021 Real Estate Market Outlook”
Though she is still early in her real estate career, broker Kate O’Neill has already learned a lot of valuable lessons — and earned some impressive successes in less than one full year in the business.
For one thing, Kate has yet to have a buyer of hers pay above list price, “which is pretty big in the current market that we’re in,” she says. “I’m pretty proud of that!”
For another, Kate has quickly earned a glowing reputation around the Baird & Warner – Lincoln Park office for her social media savvy, particularly using Instagram as a channel to speak to her sphere, sow the seeds for long-term referral relationships, and reach her ideal millennial buyers.
“One thing with my social media that I always keep in the back of my mind is to treat it like my business card and my social proof,” Kate says. “That way, when people look me up, any potential new clients or friends of mine who know I just got started in this can see that I’m busy and that I’m actively working. That I’m constantly hosting open houses, or selling a property, or teaching them something that they didn’t know.”
Continue reading “Agent Spotlight: Kate O’Neill”
As a real estate broker, it’s important to regularly check in on your most important goals, and make sure that you’re executing a strategy that will help drive your success. Ongoing monitoring, self-evaluation, and targeted training are critical to implementing a sound business plan that will help you get where you want to go.
As we head into the second half of our incredibly strong 2021 real estate market, this moment is an excellent opportunity for real estate brokers to evaluate their performance through the first half of the year. Here are three important questions to ask yourself:
Continue reading “Ask Yourself These 3 Questions to Crush the Second Half of 2021”
- Are you doing everything you need to be doing right now to reach your business goals for 2021? If not, what needs to change?
- What are you doing really well right now, and in what areas can you improve?
- What are you doing in the second half of the year to invest in the single most important asset to your business — YOU?
When broker associate Mike Greco started looking for a new opportunity after a first career in retail management, he knew he was really looking for not just a new occupation, but a new life — one where he could be more in control of his time and lifestyle.
“I wanted to have flexibility and I wanted to feel rewarded for the time and effort I put in,” Mike explains. “And I wanted a job where every day was a new challenge and I got to spend a lot of time with people — where it was a mix of being out in the field, and only having to be behind a computer for a couple of hours a day.”
That search for a more flexible, rewarding, and active career quickly led him to real estate — and to Baird & Warner – Lincoln Park.
Though he interviewed at a few different brokerages, it was meeting the staff at Baird & Warner – Lincoln Park that helped him ultimately decide that this office would be the right fit — especially as he started out in his real estate career.
“I really liked the culture that Baird & Warner has,” Mike explains. “You really get the feeling of support, not only from David, Negeen, and Diana, but also from the other brokers. It’s a very welcoming community. And that’s the type of person that I am. I like winning as a team!”
Continue reading “Agent Spotlight: Mike Greco”
Consistently ranked as a Chicago Top Producer and one of the highest-performing agents at Baird & Warner year after year, Jim Abbott is no stranger to getting asked about the keys to his success. He has two simple pillars that he always shares, he says.
Number one: “Over-communicate and stay organized. Although we buy/sell homes daily, the average buyer/seller only does this every 3-5 years on average. The market and technology will be different than the last time they bought or sold and we need to walk them through that. Give updates, let them know the next steps are, and create a timeline to follow. Be their go to person that keeps in contact with their lender, attorney, inspectors, etc. They have so much to do, anything we can do to help them will be appreciated!”
And number two: “Any chance you get to exceed someone’s expectations, do it! Your job is to execute at 100% but people will remember the small stuff that is unexpected or above and beyond that. It can be as simple as stocking their refrigerator with some snacks and drinks for the day they move in or helping them coordinate painters/movers/etc.”
Continue reading “Agent Spotlight: Jim Abbott”
Most real estate offices will be led by a Managing Broker. But very few give agents unparalleled access to a full-time management team with more than 50 years of combined experience in Chicago real estate, whose sole focus is on accelerating your success at every step of the way.
That’s exactly what agents at every stage of their careers experience at Baird & Warner – LIncoln Park.
At every level, our brokerage’s leadership is made up of people who truly understand what agents need to be successful, and who are truly committed to providing the very best tools, resources, training, and support to make it happen — especially when it comes to pivoting and meeting unexpected challenges head on.
Continue reading “Did You Know Baird & Warner Gives You Unbeatable Access to a Full-Time Management Team?”