Key Takeaways:
– Inman Connect is hosting a virtual event in November 2023 and a live event in January 2024 focused on the future of real estate.
– Diana Sutherlin is a top-selling real estate agent with expertise in sales training and marketing.
– Sutherlin emphasizes the importance of building client trust and understanding their needs.
– She advises new agents to prioritize service over commission and to focus on referrals.
– Sutherlin recommends cutting off clients with unrealistic expectations and delegating tasks to team members.
– She believes in knowing and leveraging one’s strengths and surrounding oneself with people who can fill in the gaps.
– Sutherlin also emphasizes the importance of investing in oneself and saving time for the betterment of one’s business.
inman:
No one can predict the future of real estate, but you can prepare. Find out what to prepare for and pick up the tools you’ll need at the Virtual Inman Connect online Nov. 1-2, 2023. And don’t miss Inman Connect New York on Jan. 23-25, 2024, where AI, capital and more will be center stage. Bet big on the future and join us at Connect.
In this column, real estate agents across the nation share stories of the lessons they’ve learned during their time in the industry.
Before beginning her real estate career, Diana Sutherlin spent more than 20 years as the president of Image Impact, Inc. and Creative Touch Media, giving her unique expertise in sales training, body language interpretation, communication styles, and objection handling is highly valuable in real estate. This unique background allows her to provide hands-on, full-service design, sales and marketing expertise that sets her apart from other agents.
Sutherlin has been the top-selling agent for new construction and waterfront properties for over 14 years, with projects including 77 Hudson, Gull’s Cove, Trump Plaza and more. She has received numerous awards, including Platinum level awards for 13 years and four consecutive Triple Platinum Awards. Diana’s record-breaking sales include the highest-priced waterfront condo in New Jersey’s history.
Name: Diana Sutherlin
Title: Licensed broker associate
Experience: 20-plus years
Location: Jersey City, New Jersey
Brokerage name: Compass
Rankings: No. 1 in Hudson County for new construction sales
Team: The Diana Sutherlin Group
Awards: For the past 11 years, Sutherlin has received Platinum-level awards from the NJAR Circle of Excellence. Over the past four years, she has been awarded the Triple Platinum Award.
Q&A with Diana Sutherlin
1. What’s one big lesson you’ve learned in real estate?
The client has to have full confidence in me. Whenever a client is interested in a property in Jersey City, Hoboken, Weehawken, and West New York, I do everything I can to discover the background and all elements of the property.
For example, at condo high rises in Jersey City, many agents do not ask or inquire about vacant sites next door. I keep my clients informed of all developments that could impact their views or resale value. It’s never just about comps.
Agents have access to more information than buyers and it’s a huge reason why they come to us. Studying the tax system as an agent is particularly vital because it can confusing/misleading, especially to people relocating. It’s critical to call the tax assessor and have clients verify with the tax assessor directly, too.
Current taxes on a listing are based on the purchase price the previous owner paid which is likely far lower than the new price. This is a deal-breaker for many, but it’s easy to overcome early on by educating the client.
2. What’s the most important thing you learned in school?
The most important thing I’ve learned actually came from my background in acting. Listening skills learned while acting are a huge part of what I used to teach in my sales training career. Focusing on the other person, listening and asking pertinent questions is vital to success as an agent.
Too many people are focused on impressing the other person and want to show how knowledgeable they are. The most important thing is to find out your client’s actual needs, and drives and focus on them. If you don’t really listen to objections you cannot overcome them.
Keep checking in to know how they feel about something and how they respond on walkthroughs. Ask follow-up questions and you can significantly reduce the time it takes to find the right home. A developer once told me I had the ability to take clients to the best property for them on the first shot because I already committed to truly understanding their needs.
3. What would you tell a new agent before they start out in the business?
Be in this business for the service, not the commission. If you are truly operating to serve your client, the money will follow. A quick commission is never worth it if it ruins a relationship. If you really care about the client and want to help them find the home of their dreams you feel the excitement and they will feel it, too.
Clients know when agents are only in to make money. Sell them the absolute best home for them even if the commission is far lower than another property. Referrals are vital and this is the only way to win them. It’s really the lowest-effort way to fill your pipeline too.
Clients who trust you come back. And, the other benefit is that you enjoy the process so much more. It doesn’t feel good to push property on people.
4. What do too few agents know that would make their lives easier?
If buyers or sellers have extremely unrealistic expectations, cut them off as soon as possible. Agents waste so much time making offers for clients that are unreasonable. Always do your best to hear their fears and help them overcome them but know when to move on from a situation.
5. What is the one thing everyone should be doing to make their life better?
Really know your strengths and weaknesses. Delegate your weaknesses and your time. For example, technology is not my thing but my team is proficient. Lean into your strengths and surround yourself with the people that fill in those gaps.
When I started in real estate, I tried to do everything myself, and I never would have lasted if I maintained that approach. Investing in yourself may seem scary, but if you save time, it’s for the betterment of your business.
Do you want to be featured on an upcoming “Lesson Learned” column? Reach out to us here.
Christy Murdock is a freelance writer, coach and consultant and the owner of Writing Real Estate. Connect with Writing Real Estate on Instagram and subscribe to the weekly roundup, The Ketchup.
Source link
Property Chomp's Take:
No one can predict the future of real estate, but you can prepare. The real estate industry is constantly evolving, with new technologies, trends, and market conditions shaping the way we buy and sell properties. To stay ahead of the game, it's important to stay informed and equipped with the right tools and knowledge.
One way to stay up to date with the latest developments in the real estate industry is to attend industry events and conferences. Two upcoming events that you don't want to miss are the Virtual Inman Connect online on Nov. 1-2, 2023, and Inman Connect New York on Jan. 23-25, 2024. These events bring together industry professionals, thought leaders, and experts to discuss and explore the future of real estate.
At these events, you'll have the opportunity to learn about the latest trends, technologies, and strategies that are shaping the industry. From AI to capital, these events will cover a wide range of topics that will help you navigate the ever-changing real estate landscape.
One real estate agent who understands the importance of staying ahead of the game is Diana Sutherlin. With over 20 years of experience in sales training, body language interpretation, communication styles, and objection handling, Sutherlin brings a unique perspective to the real estate industry.
As the top-selling agent for new construction and waterfront properties for over 14 years, Sutherlin has a proven track record of success. Her expertise in sales and marketing sets her apart from other agents, allowing her to provide a hands-on, full-service experience to her clients.
One of the lessons Sutherlin has learned during her time in the industry is the importance of building trust and confidence with clients. She believes that clients need to have full confidence in their agent, and it's the agent's responsibility to provide them with all the necessary information and insights about a property.
Sutherlin emphasizes the importance of studying the tax system as an agent, as it can be confusing and misleading to buyers, especially those who are relocating. By understanding the tax system and educating clients about it, agents can overcome potential deal-breakers and build trust with their clients.
Another important lesson Sutherlin learned is the value of listening skills. Coming from a background in acting, she understands the importance of focusing on the other person, listening, and asking pertinent questions. By truly understanding the needs and desires of clients, agents can provide them with the best possible service and find the right home for them.
For new agents just starting out in the business, Sutherlin advises them to be in the industry for the service, not just the commission. By genuinely caring about their clients and helping them find their dream homes, agents can build strong relationships and earn referrals, which are vital for long-term success.
Finally, Sutherlin suggests that agents should know their strengths and weaknesses and delegate tasks accordingly. By surrounding themselves with a team of professionals who excel in areas where they may struggle, agents can focus on what they do best and provide the best possible service to their clients.
In conclusion, while no one can predict the future of real estate, you can prepare by staying informed, attending industry events, and learning from experienced professionals like Diana Sutherlin. By continuously adapting and evolving with the industry, you can position yourself for success in the ever-changing real estate market. So bet big on the future and join us at Connect to prepare for what's to come in the real estate industry.
