3 minutes
Real estate agent speaking on the phone while on her laptop. On the table with her, an iced coffee slowly sweats. She loves talking to her clients. But she came to this coffee shop on this day for an iced coffee and some laptop time. As each droplet darkens the wooden table, she considers claiming another call is coming in. But she doesn't do it. She powers through as she glances confidently at the camera. She can always order another iced coffee.

The Path Toward Real Estate Success: Speed To Lead

Joshua Smith

We live in an instant gratification world. Press one button, rent a movie. Purchase anything you want in minutes and receive it at your doorstep in less than two days. Pop a K-Cup in your Keurig, and within seconds your coffee is ready to go. Everything is fast, so people have been conditioned to expect speed!

So people are not going to wait, and why should they? There's no shortage of realtors, just a shortage of realtors who do not respond promptly.

IMPORTANT SIDE NOTE: From a TON of personal experience, I can assure you that every lead in your CRM is in the CRM of six other realtors. Start calling everyone in your CRM, and you will get a ton of leads who inform you they just bought or sold their home with someone else.

Per realtor.com’s research, if you respond to a lead within five minutes, you are 100x more likely to get a response than if you waited only thirty minutes, and if contacted within five minutes, you are 30x more likely to set an appointment. And that’s just the difference from 5 minutes to 30 minutes. Can you imagine if you waited 3 hours? Any time I can increase my likelihood of success by 100x and 30x, I am going to do everything in my power to make that happen!

I know what you might be thinking, “I can’t always respond that quickly, as I am on appointments, in meetings, etc.”. I 100% get it, and understand. Here is the AWESOME part about it, with all the amazing technology which exists today, you can automate so much.

But, as much as I love technology and systems, I have yet to find anything which can beat just picking up the phone, which is not always an option. Today, any good CRM will have auto responders, and the really good ones will have text video auto responders, in addition to email. 

Let’s say you are on a listing appointment. You set your auto responders on. A new lead comes in while you are gone, and within seconds gets a video text which is a video of you saying, “Hi, this is (your name), with (your company). Thank you so much for your inquiry. I wanted to send you this quick video text message to let you know I received your inquiry. I am with a client at the moment but will get back to you the second I am done meeting with my client, which will be in less than two hours. Thanks again, and have a great day!”. Then, at the same time, the lead receives an email with the same message.

People don’t always need an answer to their specific question right that second, but they do want a response when to expect an answer. You can’t keep everyone from hopping on another realtor’s website, but and auto response will greatly lower the chances.

Moral of the story: When you can, pick up your phone and respond in under five minutes.  When you can’t, get effective auto responders in place!

Thanks for reading!

  Joshua Smith, Realtor/Mentor/Entrepreneur

-Voted 30th Top Realtor in America by The Wall Street Journal

-Over 5,000 Homes Sold & Currently Selling More Than 1 Home Daily

Joshua Smith Nov 6th, 2020
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