iBuyers are impacting the real estate industry.
Very soon, instant offers will become the first point of contact for a majority of sellers looking to sell their home. Additionally, iBuyer programs will be a regular service offering for successful real estate agents.
Pay attention to this new development in real estate tech disruption.
Artificial Intelligence has come to real estate. You will see new insights in contract to close, appraisal, consumer experience, and smart CRMs for agents.
Smart agents will choose their tech partners wisely and get to know their tech options well. Many agents will lose in the next wave of PropTech 3.0, however successful agents who stay sharp and continue to grow their skills.
How are you using AI now?
$15 billion invested in PropTech in the last two years Is changing the real estate industry. While some technology has made the real estate transaction more smooth as it was 15 or 20 years ago, it is still much more opaque and complicated for the consumer than any other transaction. Wall Street and Silicon Valley are looking at the $66 billion of commissions that real estate agents are making, And seeing inefficiency in the transaction. This is bringing new and disruptive technologies into the industry: Artificial intelligence, machine learning, iBuyers, Digital consumer experience, and smart CRMs. The agent of the future is determined by paying attention to the technology changes happening now.
Over $15 Billion invested in PropTech (funding real estate related technology companies) in the last two years impacts the future of real estate agents even now. How will agents come out ahead and provide amazing service and value to home buyers and sellers: by being MORE HUMAN.
In this class, 25 agents focused on the past, present, and future of real estate and how best to compete.
Goals are given WAY to much credit for creating success. A goal has never created success, only action can create success.
Goals ought not master us, instead, we must learn to master using goals as placeholders to reverse engineer to right action. Then, once actions are decided, we focus on hitting the right action each day and week.
It might seem counter-intuitive, but goals are over-hyped. Set the right actions, the right systems, and the right habits; do not set goals.
Thinking big gets you started on your success. To get to your next level, you may need to Think Smaller.
Your life is made up of the things you do every single day. By thinking small, you create the daily actions that add up to your success.
And there’s an even better benefit: you get to have a win every day! Don’t wait months or years; have a win today, by thinking small.
Most of us are chronically sleep deprived. The research is clear: almost all of us need 7-9 hours of sleep each night. Your success may be hindered by inadequate sleep.
When you are sleep deprived, your creativity, energy, and will power are diminished.
Protect your sleep by:
1. Going to bed at the same time EVERY night
2. Set up a good nighttime routine
3. Use your bed only for sleep
What changes do you intend to make to your sleep routine?
It's upside-down week, where we examine contradictory and counter-intuitive pathways to success.
In your early life and career, you create success by saying "Yes" to opportunity and demonstrating competence. As you progress, this blessing becomes a curse, as you carry a full schedule of obligations from previously fruitful opportunities.
To achieve your next level of success will require you to QUIT. Quit habits that no longer serve you, quit marketing that no longer produces results, quit networking groups that aren't producing an ROI, Quit, Quit, Quit.
It has been said that quitters never win and winners never quit. There is a deeper truth, winners quit all the time to focus more energy on the things that matter most.
What do you need to quit today?
So many of you have reached out to ask about this deal between Reology and Amazon. Here's what's important about this deal.
For DECADES, The real estate industry has been about serving real estate agents who then serve consumers. This deal represents a BIG move by a consumer facing company to the consumer. And with Amazon, it's about getting into the life cycle of home ownership from the time a person is interested in buying a home through home ownership and through the sale of the home.
With the Reology deal, Amazon has found a way to do three things: get into the consumer lifecycle of home ownership, get their listening devices normalized into the home, and train their AI and machine-learning on the real estate industry.
Real estate agents: Watch this deal closely! And figure out how to be part of the entire cycle of your clients ownership of a home.
In the classic literary trope Man Vs Machine, there is always a dark side, Though humanity wins out in the story, it comes at a great cost. John Henry beats the steel driving machine, but dies in the process.
To truly win, we cannot fight the machines on their terms; instead, fight the battle where the machine's cannot win. Don't try to be faster or more available than Amazon. Instead, be MORE HUMAN.
How do we be more human: master human connection--sympathy, empathy, wisdom, understanding, negotiations, values. Then enter into a human experience of real estate, not simply a transaction.
Want to win the war of humans vs machines? Become more human!