By Roger Higle, KWU Course Writer, Keller Williams Realty International Support Center
If you haven’t heard the news in REO and Short Sales yet, here it is—top KW performers are sharing their success tips openly and widely. They are much more than agents now—they are business managers and teachers on a big scale. This morning, four of them—Danny Seybert, Henderson, NV, Natascha Tello, Pembroke Pines, FL, Brett Tanner, Phoenix, AZ, and Fred Weaver, Tempe, AZ—provided an outpouring of suggestions for success in their specialties. The common themes: great people, well-defined roles, excellent systems, and a heavy dose of persistent relationship-building.
Denny Seybert emphasized building a great REO business is really about forging relationships with the asset managers who have thousands of foreclosed properties to assign. He traced his success to his dogged pursuit of asset managers at conferences across the country. “I watched who the asset managers were chatting with in the hallways, and went right after those agents—to give me introductions, “ Danny said. “Successful people are willing to share,” he added. “Be a connector. In the REO business, you need to get on the asset managers’ radar, and stay there.”
He explained how networking pays off. Getting one assignment in REO, and doing a great job, not only makes you look good to your institutional client, it’s a compliment to the agent who referred you. That’s how more assignments—and more referrals to other asset managers—start flowing.
Top REO agent Natascha Tello talked proudly about how her team has systematized every aspect of an REO assignment—from the first email from the asset manager, to the hour of closing. She shared how their early basic approaches matured into a seven-level matrix of tasks, assuring everyone on the Tello Team knows exactly what to do at every step—in the processing, marketing, and selling of an REO. Today, their team works hand in hand with virtual assistants on the other side of the globe who handle some of the routine assignments, easing the workload in Florida and speeding the flow of properties to market, and to closing.
Continue reading ‘Short Sales: The honest, open truth from top industry players’