George's Blog

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Are Your Goals For 2007 Prioritized Correctly???

 This is the time of year when most people in the Real Estate Industry are putting together their Business Plans or setting goals for 2007.  Some will be doing their Business Plan or setting goals in writing, while others will take a less formal approach and just make a conscious personal decision to what they want to accomplish in the up coming year.  We all need goals in our life and in our business.  If we do not have goals and a direction of where we want to be, then we will never get there.

Can you imagine stating out on a trip to a specific location, and not have a clue as to how you were going to get there.  What do you think the odds would be that you would just accidentally find your way there?  Not very good I would say.  So what makes anyone think that they are going to get where they want to be in life and in business without thinking it through, and putting into place a method for achieving it.

Whether your plans and goals for 2007 are in writing or a personal commitment to yourself, they need to be realistic, balanced, and they need to have boundaries and limitations.  Yes I am talking about goals, but goals have to fit into our overall priorities in life.  That is why they need to have boundaries and  limitations.  I have seen to many people set business goals and forget how they will affect everything else in their life.  We need to count the cost of our goals, and I am not talking about dollars and cents, I am talking about the cost to other areas of our life.

I don’t know about you, but my priorities are:

  1. God first above all.
  2. My family, and not looking back and regretting that I did not commit enough time to them.
  3. Work and fulfilling my commitments to my employer and clients.
  4. Everything else does not really matter the order that it is in, because it changes as my life changes.

Having clearly identified my priorities I can now establish my goals for my worship, my family, my career.  See if we just go about setting our business goals and plans, without taking into consideration the other priorities that are important us, then it would be like starting out on that trip without a map.  My goals have to be put into the proper priority, that means I have to put boundaries and limits on what they can be.  If my business goals are such that they will take every waken minute of my life to accomplish them, then guess what?  They have just taken priority over what I have just claimed are the 1st and 2nd most important things in my life, because I will not have any time for them.

So as you put together your Business Plan and set your goals, do them within the proper boundaries.  As you are writing them down or stating them to yourself, see if they are leap frogging over other things that are more important to you.  That your goals are not set so high, that there isn’t anytime for other things that you feel are more important.  If you do this then you will have a truly workable Business Plan.  One that is balance within your priorities.

Let me use a parable that those of us in the Real Estate Business can identify with.  Just as a property has physical boundary lines that it is set in, so we to need to have physical, emotional, and spiritual boundaries in our life.  The inability to set appropriate boundaries in our life will only end up in us failing to achieve what we truly seek to accomplish.  Don’t let 2007 be a year that of regret, but a year of truly accomplishing what is important.  Draw your map and follow it so that you can arrive at the destination that you want to be, and do not let anything get in your way from getting there.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

42 commentsGeorge Souto • November 27 2006 08:26PM

Open Houses Not Just For Realtors…A Great Marketing Tool For Loan Officers Also!!!

 Tomorrow is Sunday and I have made it a practice to stop by two to three Open Houses on my way home from Church.  This practice has been a great marketing tool for me, and one that I enjoy doing.  Many of the business relationships that I have formed with the Realtors that I work with have been a result of stopping by Open Houses on Sundays.

Here in upper Middlesex County most of the Open Houses are done on Sunday between the hours of 1:00 – 3:00 in the afternoon.  This time works great for me because I am usually leaving Church around 12:30, and it takes me about 20 to 30 minutes to get into the territory that I cover.  I live about 30 minutes from Church, so my wife and family are getting home about the same time that I am stopping by the first Open House.  Our main meal on Sunday is the afternoon meal, so I am usually arriving home by the time my wife has finished preparing it. 

I started this practice shortly after I became a Loan Officer, and have continued it ever since.  When I stop by an Open House I do not come empty handed.  No I do not bring coffee and donuts, though I am sure most Realtors would appreciate that to.  What I bring are Loan Scenario Flyers that I put together on the Saturday before.  They look like the one on the left, which by the way I did as a demo for this blog.  This is a Listing that one of our AR members, Linda Davis has for sale.  I figured since I was going to show a sample of a Flyer, I might as well give some exposure to one of our own members.

I have created two different sets of Flyers for all the Realtors in my territory.  The first set consists of loan scenarios for two fixed loan options, and two ARM options.  The second set consists of one fixed loan options, one ARM option, and a Connecticut Housing Finance Authority (CHFA) loan with a Downpayment and Closing Cost option with it.  The Flyers are customized with each Realty Companies logo and colors, and the price of the house determines which one of the Flyers I use.  For example in Gales Ferry the CHFA property limits are $331,700 so I choose a Flyer with a CHFA scenario, since this house falls under that limit.

I do the Flyers on an Excel Spread Sheet and have programmed it to automatically calculate all the figures, once I have entered the initial information at the top, selling price, taxes, and insurance.  The only thing other than this that I have to do is to attach a picture of the house, which I get from Realtor.com, type in the address, and change the interest rate for that day.  The cells are programmed to automatically figure the downpayment, loan amount, monthly payment with P&I, monthly taxes, monthly home owners insurance, and PMI.  I can put a Flyer together in about ten minutes, the picture and taxes are what take me the longest to get.  I print ten copies for each house on 48 lb. high quality glossy paper, which gives them a professional look.

These Flyers have been very well received at just about all the Open Houses that I have stopped at.  I believe the reason why the have been so well received is, because Realtors generally do not have anything to give prospective buyers an idea of what the monthly payment might be.  I would say that about 95% of all the Open Houses that I stop at the Realtor puts them right next to there literature.  This is great for me, because everyone that stops by and picks up information on the house also picks up one of my Flyers with my information on it.  What has even started to happen, is if I stop at an Open House for a Realtor that I have already done this for.  The first thing that they say when I walk in the door is “Do You Have Flyers”.  Some of them even call me the week of the Open House and ask me to put some together so they can have them ahead of time.

These Flyers have also provided a great way for me to sort of break the ice with a new Realtors, it gives us something to talk about.  Most of the time when I stop by an Open House there isn’t anyone there, so this gives me time to talk to the Realtor and they appreciate the company.  In fact the main reason why I developed these Flyers was not to try to get business form the prospective buyers that stop by the Open House, though I have gotten business from them.  The main reason for the Flyers is to help me develop a relationship with the Realtors at these Open Houses.  Realtor referrals are where the bulk of my business comes from, and I am always looking for new ways to expand upon those relationships.  These Flyers have been one of my best tools in accomplishing this.

These Flyers are one of the simplest and least expensive marketing tools that I have established, and they have been very successful for me.  I hope that this information proves useful for you.  If you are a Loan Officer and you are not doing this, you might want to consider adding this to the ways you market yourself.  If you are a Realtor, and the Loan Officer that you refer your business to is not doing this for you, you might consider requesting this from him/her.  I think that you would find it a very useful tool for yourself, and the Loan Officer would appreciate the exposure.  If anyone would like a sample Flyer, I would be happy to e-mail you one, so that you can see what a full size one looks like.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

106 commentsGeorge Souto • November 25 2006 06:56PM

Referrals Do You EXPECT To Get Them!!!

Yesterday was my oldest son’s twenty-fourth birthday, but we could not go out because he had to prepare some things for his class today (he teaches 7 th and 8th grade math & science), so we took him out to dinner tonight instead.  He loves barbecue food, so we went to this restaurant that specializes in barbecue ribs.  It is a fairly new restaurant, and their St. Louis style ribs are unbelievable.

This was our second time there, and each time the service has been fantastic, maybe even better than the food.  My wife and I were very impressed on how the waitress made it a point to constantly be at everyone of her tables.  She really seemed to want everyone’s experience there to be a memorable one.  She wasn’t the only waitress doing this, all of them serviced their table this way.

When we were getting ready to leave she made it a point to not only ask us if we would be coming back, but also asked us to tell our friends about food and the service.  As we were leaving there was another staff person at the door who opened it for us, and asked if we were happy with the food and service.  When we reply that we were very pleased with every thing, she took that opportunity to ask us to tell our friends and family about the restaurant.

On the drive home I could not stop thinking about how they went out of their way to make our dinning experience extremely enjoyable, but took every opportunity to ask us to tell our friends and family about them.  It caused me to think more and more about the way I go about doing my business.  I do my best to make my Borrowers feel like they are the most important Borrower that I have; and yes I do ask them to refer me to their friends and family, but not with the emphasis that the staff at this restaurant does.

Yes they wanted to provide me with excellent service, but in return they EXPECTED me to tell others to go there.  Let me say that again, they EXPECTED me to tell others to go there.  After all why wouldn’t I want to share this experience with my friends and family?  If I was truly happy it should be a natural thing for me to do.

Now as I stated before, I do ask my Borrowers to refer me to their friends and family, but I do not think that I ask them to do this with the same EXPECTATION that the staff at the restaurant EXPECTED from me.  I provide excellent service to every one of my Borrowers, so why don’t I ask for referrals with this same level of EXPECTATION?  The answer is, I Don’t Know why I haven’t in the past, but I can assure you I will ask with that level of confidence and EXPECTATION in the future.

Do you EXPECT your clients to refer you?  I am not asking if you ask for referrals.  I am asking you to be honest with yourself.  Do you really EXPECT your clients to refer you to their family and friends?  If the answer to that isn’t YES, then you need to make the same commitment that I am making today. You need to EXPECT and be confident that they will refer their friends and family to you.  You see this experience at this restaurant has convinced me that we will receive what we truly EXPECT to receive without doubt.  Do you believe it, now EXPECT it.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

47 commentsGeorge Souto • November 21 2006 11:45PM

Make A Joyful Sound

 Today as usual my family and I went to Church.  We enjoy going to Bible Class and studying from the word that we try to live by.  This is followed by our Worship Service where we listen to the Sermon that our Minister has prepared for that week, and also get to sing some hymns.  Our congregation loves to sing, and since we do not use instrumental music (we sing acappella) everyone’s voice can be heard.  This is unfortunate for those who are sitting around me, because that means they can also hear my voice.  I have been told on more than one occasion (in a loving way of course) that my singing could clear a building faster than a fire alarm.  It is a good thing that my congregation is not in Maine, because every love sick moose within hear distance of my voice would probably try to join our assembly.  But that is OK, because the Bible does not say that I have to make a pleasant noise, just a joyful one (Psalm 100:2), and trust me it is joyful.

Even though my voice sounds like a broken fog horn, I enjoy singing, and look for opportunities other than Church to sing.  One of my favorite places to sing is my car.  I am usually by myself going to appointments or to visit a Realtor at their office.  So since I am by myself I can sing what ever I like, and not cause permanent hearing loss to anyone else.

Now I am a very structured person, so there has to be direction and purpose involved.  Since I am driving the hymns that I sing have to be appropriate for the occasion.  This means that they are speed specific.  That is the speed that I am traveling at determines the hymn that I sing.

Thirty years ago my wife’s Aunt, on one of our trips to Alabama, gave me a little card with some appropriate hymns for driving.  I have kept this card ever since and it is my guide to what I will sing while I am driving.  For example:

  • At 50 miles per hour the appropriate hymn is “Highways are Happy Ways.”
  • At 60 miles per hour the hymn of choice is “I’m but a Stranger Here, Heaven Is My Home,” I sing this one often.
  • At 70 miles per hour the suggested hymn is “Nearer My God To Thee.”
  • At 80 miles per hour, and I am ashamed to admit (the speed limit in Connecticut is 65 mph) that I have song this hymn on more than one occasion “When The Roll Is Called Up Yonder, I’ll Be There.”
  • At 100 miles per hour, and I have not had the opportunity to sing this one in the car yet, but my boys are Eagle Scouts, so I am always prepared in case the need arises is “Lord, I’m Coming Home.”
  • At 110 miles per hour, there is no way I could be in control, so at the suggestion of my friend Linda Davis the song selection is "Jesus Take The Wheel."
  • At 120 miles per hour, I better be singing this hymn "Count Your Many Blessings."  (my son came up with this one)
  • At 140 miles per hour, the popular hymn choice is "God Loves The Little Children" (provided by Ms 140 MPH herself TLW)

When I am singing my mind is free from negative thoughts.  Singing is great food for the Soul, it makes me happy.  So the next time that you are going down the road, and hear something that sounds like a moose mating call, wave and say hi, it is me singing in that car.  Or better yet write down the list of the hymns above and join me in making a “Joyful Noise.”

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

 

47 commentsGeorge Souto • November 19 2006 08:32PM

Are TRIGGER LISTS Putting Us And Our Clients At Risk???

 McCue Mortgage, the mortgage company that I work for, holds its monthly Sales Meeting on the third Friday of every month.  These meetings are attended by our whole Sales Force, Underwriters, Closers, Marketing, and Secondary Marketing.  We usually will cover new loan products during these meetings, as well as industry trends and news.  Lately we have been bringing in some of our venders, like Subprime Lenders, PMI Companies, Appraisers, and Credit Report Companies.

Today was no different we had a Subprime vender, and one of our Credit Report Companies in for the meeting.  While the Subprime representative had a lot of valuable information to share with us, it was the Credit Report representative that caught my attention.  She made us aware of a practice by the three national credit bureaus Equifax, Experian, and TransUnion that has been going on for sometime, but that has just lately reach new heights in this practice.  The practice that she was talking about is referred to as “Trigger Lists”

“Trigger Lists” are leads sold by the three national bureaus to anyone who chooses to purchase the information that the bureaus receive and generate when someone’s credit is pulled.  You heard it correctly, these national bureaus are selling the private information that is given by Borrowers to Loan Officers when they run their credit. This means that within 12 to 24 hours after I run someone’s credit, these bureaus are taking the information that I took from my Borrower, and selling it without their permission.

I find this outrageous not only because I feel that they are violating my Borrowers privacy, but that they are also selling information that was given to me in confidence to my competitors.  These “Trigger Lists” contain my Borrowers name, address, contact information, financial information, credit scores, outstanding balances on revolving debts, mortgage, and even estimates the value of their home.  I had to work hard to gain a Borrowers trust for them to provide me with this information, and they turn around and sell it to anyone who wants to pay them for it.

Once one of these companies has purchased this information, they can be on the phone with my customer, using my information, to try to steer them away from me.  There is one incident that was reported in which a Borrower was called by another Lender and told that the Lender that they were dealing with had passed on the information to them, because they knew that they would be able to offer them a much better deal.

RealtyTimes gives a very good detailed account of this practice in their October 11, 2006 article entitled “Home Mortgage Applications “Trigger” Sales of Private Financial information” http://realtytimes.com/rtcpages/20060911_mortgageapps.htm  In that article they give a great  examples of how specific these “Trigger Lists” can be.  They state “Most of the trigger lists are provided by the credit bureaus to Internet-based “lead generator” companies that then resell the information to lender customer. One lender, for example, might tell a lead generator to send only fresh data on consumers with FICO scores above 720 who’ve applied for a new mortgage in Texas during the prior 12 to 24 hours.  Another lender might only want to see hot leads on subprime applicants in California – people with FICO scores under 620.”  The information can be tailor made to what ever the Lender wants.

A major effort is being made by the “National Association of Mortgage Brokers” to put an end to this, but this will require legislation, which means it is not going to happen soon.  But there is something that we can do in the mean time.  We can advice our Clients to “Opt Out”Your Clients can remove their names from these lists by calling (888) 567-8688 or online at www.optoutprescreen.com   They can choose to “Opt Out” from a five year or lifetime option, and the lifetime option does not require a signed form.  Obviously since your Clients information can be sold within 12 to 24 hours, they need to do this ASAP.

Starting this day forward I will be providing everyone that I run credit on with this information, and letting them know that if they are contacted by someone, this is how they got their information.  I don’t know about someone else, but if someone were to contact me after I was aware of this, they would get more than they bargained for from me. I hope you share this with your Clients as well.  Prepare them for the phone calls that they might receive from people who not only obtained their personal information without their permission, but also for the deception that they might try to use on them.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

35 commentsGeorge Souto • November 17 2006 11:50PM

A Growing Number Of Unmarried Couples Purchasing Homes.

I don’t know if it is just the area that I write most of my loans in, or if this is starting to Become                more prevalent throughout t he country.  More and more of the loans that I am writing are on unmarried couples.  I guess I am amazed at the number of loans that I do for unmarried couples, because I grew up in a time where living together was not as accepted as it is today.

But this concerns me, and why it concerns me, is because of the numbers of loans that I also do because of divorces.  This month alone I did two loans as a result of a divorce.  One was a Refinance, so that this spouse could payoff the other spouse, and one was for a divorced borrower that now had to find another place to live.  This situation is fairly common, and it is happening to couples that at least start off by making a commitment to each other.  A commitment that requires a court action to dissolve, and yet couples are divorcing at a remarkable rate.  They are breaking commitments that were meant to last for a life time, and along with it the financial commitments to each other.

That is why when an unmarried couple makes such a large financial commitment, I am puzzled by it.  It is so easy these days to dissolve a marriage, how much more easy is it for one of the unmarried partners to just walk away.  Even more concerning are the loans to unmarried couples, where one has great credit and the other could not qualify to purchase a doll house.  The one with the great credit takes full responsibility for the loan, and the other is included in title.

This is scary, and I try to help the one that is taking the responsibility for the loan to realize that they have all of the financial risk, and only half of the ownership.  But they are in love (not enough love to get married) and will be together for ever.  The one on title, but not on the loan is going to pay half of the mortgage, so there is no need to be concerned.  This spells trouble to me (and I have never been very good at spelling), but all I can do is make them aware of the risks, the final decision is theirs.

Like I stated in the beginning of this blog, I don’t know if this is just a situation that is just common here in Connecticut, or if it is another change of the times everywhere.  If you are running into similar experience, I would like to know, and if you handle it differently than I do?

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

38 commentsGeorge Souto • November 09 2006 03:56PM

Networking.......AND......Community Service.

As everyone knows the Election is gratefully OVER yesterday!!!  For me it was a very long day, because I am the Republican Head Moderator here in Middletown, CT.  We were one of the test towns for the new Voting Machine that will be used State wide in 2007.  This Voting Machine is presently used in many other states, and works very well.  But since it is new to us, the Secretary of State had us go through several procedures that made for a very  long and tiresome day.  My day started off yesterday at Town Hall at 4:30 in the morning, I was not done verifying all the Election figures until 12:45 this morning.  I think I am still seeing Election Returns, and will probably dream about them tonight. 

OK enough about my day yesterday, but the idea for this blog is a result of yesterday.  No I am not going to talk about all the negative ads and all that goes with them.  I got that out of my system with my previous blog  “There Is No Place For Mud Slinging In This Business”.  But during the day yesterday, as I traveled from one polling place to another, and watched the number of people going to vote I started to think (thinking is not always a good thing for me), what a great opportunity to make yourself known in the community.

Now I am not talking of running for a political office, though I would encourage you to do so, we need good people.  One of the AR members, Linda Davis is an Elected Official in her town here in Connecticut, and we could use more people like Linda in political offices.  However, my idea came from not only watching the number of people going to vote, but from watching the poll workers themselves.  As people come to vote and went through the voting process, they talk and chat to the workers.  Why because they either know them or have come to know them.

So I got to thinking about how this would be a great way to make yourself better know.  Most people in this business advertise in various publications, news paper ads, billboards, and many other things.  All this advertise goes into your marketing area, and the area that you live in.  Now I know that some choose to not do business where they live, but I would say the majority of us do.  So if we are spending all this money on advertising, wouldn’t the polls be a great place for these people to be able to see you in person, and be able to identify you with your advertising.  You can’t conduct business obviously while you are working at the polls, but what a great way for many people to make the connection between you and your ad’s.

There is an ulterior motive on my part for suggesting this, so I will come clean.  In most towns the Election Workers are elderly, and they are starting to reach the point that they are not able to do this any longer.  We need a younger generation to step up and start fulfilling those duties. The system needs to go through some big changes and what better people to bring about some of those technological changes then us.

So there is my ulterior motive, and the name and visual recognition is the carrot (maybe we can get AR to start using vegetables).  You would be doing a great community service, and in return re-enf orcing the advertising that you do, not to mention that this would be another great opportunity to Network with another group of people, and we all know that we can never have enough Networking Groups.

This to me sounds like a winning combination.  Community service, while building your business at the same time.  By doing this you can help change the a system that is need of change, do a great service for your community, re-enforce your advertising, add another Network Group to your circle of influence, and grow your business at the same time.

So have I convinced you to get involved?  Are you going to be part of the solution?  Or are you just going to keep on complaining about the system?  Be a problem solver, and be rewarded on many levels at the same time.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

7 commentsGeorge Souto • November 08 2006 09:13PM

There Is No Place For Mud Slinging In This Business.

Tomorrow is Election Day, and I for one will be happy to see this one come to an end.  This election has to be one of the most negative elections that I have seen.  Lately it seems that each election is getting increasingly more negative and nasty.  Each candidate is spending less time on what they stand for and plan on doing, and more time telling us how bad the other candidate is.  It would be one thing if they pointed out the other candidate’s deficiencies in an informative way, but instead it is done merely to discredit.  The mud slinging seems to be out of control.

This got me to thinking, do we come across the same way when we are talking about our competitors?  Do we come across in the same way as the ad’s that we have been exposed to over the last few months?  I would like to think not.  Very few things turn me off more than someone trying to put someone else down, in order to try to build themselves up.  When I see someone do that, it accomplishes the opposite in my eyes.  When someone is trying to get my business, I want to know what they have to offer, and not what the other guy can’t do.  I want be told about their programs and how they can help me to accomplish what I am trying to do.  I don’t care if the other guy can’t, I want to know if they can.  When someone spends all their time putting down the competition it actually causes me to check out the competition even more.

In my younger more vocal years, I ran for a political office more than once.  I even got to sit on the Town Council for a short time.  During that time I had a friend whose advice I use to value in political matters. He gave me a peace of advice that I not only applied to my short political career, but have continued to use it in my business.  His advice was simple, as most good things are.  He said every time you mention your competitors name you are giving them free publicity.  He said people are going to forget what you said about them, but they are going to remember your competitors’ name.  Every time you use their name, you are giving them name recognition.

Ever since then I have tried to concentrate on what I have to offer and not to be concerned with the other guy.  Now that does not mean that we do not make people aware of questionable practices, or even out right fraud.  That is very different.  We are not attacking the person, but instead bring awareness to things that people need to watch out for.  A good example of this is some of the blogs that have been written about here on AR, making people aware of some of the fraudulent practices in this industry.  These blogs are informative, and written for the purpose of educating.  Very different from the mean spirited attacks that I have witnessed competitors say about one another.

So I hope that those of you who took the time to read this,  take this advice.  Promote yourself, but not at the expense of tearing someone else apart.  You will not accomplish anything by doing that.  Build your business on what you are capable of doing, and can offer to others.  Putting down the other guy only creates doubts about you.  There is no place for mud slinging in this business.  It doesn’t work for the Politicians and it won’t work for you.

The above cartoon appeared in the "New Britain Herald" on Sunday 11/04/06 

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

43 commentsGeorge Souto • November 06 2006 09:51PM

Are You Working Your Network.....OR.....Are You Missing Out???

One of the things that I hear people in the Real Estate Industry talking about all the time is, how do we get more business?  What tools is everyone using to get more business?  What markets should we tap into to get more business?  Do you get the picture, we want more business.  We will search high and low to find to find it. Well may I suggest something, maybe we should start looking under our nose. Some of the best sources of business that I have are the ones that are a normal part of my life, and they do not cost me anything.  I am talking about Networking within the people that we are involved with the most. We are going to be involved with them anyway, so why not make them  aware of what we do. I wish I had a dollar for every time I have heard someone say that someone they knew did business with someone else, because they did not know that they were in the business.  What I find amusing is that they get angry with that person, when they should be angry with themselves.

Our best source of business in my opinion is the people we come in contact with on a normal basis. All we have to do is take the time to tell them what we do.  I am not saying that we should be doing a hard sell on them, all I am saying is make sure that they know you are in this business.  This means all family members, people that are involved in the same organizations that you are, and people that involved in the same things that your kids are.  Anybody that you come in contact with on a regular basis should know what you do. 

My personal best source of business is the Church I go to (hey, this is Sunday, you know I would get Church in there somehow, and by the way that is a sketch of it in the blog).  We are all very close at my Church, it is my extended family.  In fact I am closer to a lot of the people at Church than I am with my own brothers and sisters.  I don’t force myself on them, but they all know what I do, and as a result they have been my best source of business and referrals.  I don’t go to Church for people to give me business, I am there for a far more important thing.  But as long as I am there I am going to make sure I know what everyone does for a living, and I am going to make sure that they know what I do for a living.  I have never understood why people in sales hesitate to tell people what they do.  If you don’t someone else will.

If you don’t go to Church then maybe you should consider starting. If you are not involved in the things your kids are involved in, then you need to be.  Not only do they need you to be involved, but you will also profit financially from it. Even if you are there for the wrong reason, you might find that it has the same affect on you as AR does. When you first join AR and start blogging it is about how many points you can get.  But before long the points become secondary, and it becomes about the friendships you begin to form, and writing about things that you feel are worth reading.  It becomes about quality and not quantity.  I believe it is the same way with what ever we truly get involved in.  As it becomes more a part of our lives, so does its importance to us.

So instead of spending a lot of time and money looking for gimmicks to get more business learn to use your circle of influence.  Church, schools, sports, where you shop, anything and everything that is a part of your life, is your best source of business.  Don’t be afraid to tell them.  They might even surprise you, they might actually want to know.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

51 commentsGeorge Souto • November 05 2006 08:17PM

It Is In The Eye Of The Beholder!!!

Yesterday I read a blog by Bryant Tutas I just listed "The Best House In Poinciana". AGAIN and it got me to thinking about how people depending on their involvement with the house, can have a very different perspective of its value, and what it looks like to them.

There perspective of the Sellers and how see their house.

 

 There is the perspective of the Buyers and how they see the house. 

 And there is the perspective of the Tax Assessor and how he sees the house.

 

Isn't it interesting how different the house appears to each one based on their financial interest in it? 

It all comes down to the  Eye of the  beholder.

 

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Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

9 commentsGeorge Souto • November 04 2006 05:05PM