Tag: Builder Relationships

  • Exposure Is Overrated.

    Exposure Is Overrated.

    If you ever talk to a real estate agent about listing a property, one word you’re guaranteed to hear is exposure. You’ll hear it over and over. Exposure, exposure, exposure. It doesn’t matter if it’s a house, a lot, or a piece of land. That’s the pitch.

    They’ll tell you it’s going in the MLS and pushed out to all the portal sites—Zillow, Redfin, Realtor.com. Maybe a couple of paid platforms. Maybe some email blasts. None of that is wrong. It should be done. Everybody does it. It’s the baseline.

    Where it starts to fall apart is when that’s the whole plan.

    A lot of agents take those listings and blast them out through the same systems. Big email lists, dozens of properties at a time. It looks like a lot of activity, but it’s mostly noise. I get those emails too. You can recognize them before you even open them, and 99% of the time it’s not something you’re looking for. Not a deal. Not relevant. So you skip it. I do the same thing.

    That’s the part nobody really wants to say out loud. Most of that “exposure” doesn’t actually get read. Not because it’s bad, just because it’s generic.

    You do need exposure, but more exposure isn’t always better. Better exposure is better.

    When I’ve got a lot or a tract to move, I’m not just thinking about where it gets posted. I’m thinking about who would actually care. Builders for finished lots. Developers for raw land. Groups that are already active in that specific area. The question is simple: who does this actually fit?

    Then I go straight to those people. Sometimes that’s an email. Sometimes it’s a call or a text. Sometimes it’s something in the mail. The method changes, but the goal doesn’t. Get it in front of someone who can actually do something with it.

    Over time, that turns into something most people don’t have. Not a generic “buyer list,” but a real group of people you can reach when it matters. People I’ve worked with, people I’ve talked to, or at least people I’ve made sure I can get in front of. Even the ones I haven’t done deals with yet usually know who I am, and that matters.

    That’s access.

    I’m not guessing who might be interested. I’m putting it in front of people who are already in the market, and just as important, they’ll actually open it. Not because it’s fancy, usually because it’s not. It doesn’t look automated and it doesn’t look like it went to 500 people. It looks like something I sent to them, because it is.

    If your message looks like everyone else’s, it gets treated like everyone else’s. Ignored.

    I’m not trying to impress anyone with marketing. I’m trying to get a response. Yes or no. Both are useful.

    Over time, familiarity builds. The people who matter recognize your name, so when something comes across from you, it doesn’t feel random. It feels relevant. That’s hard to fake, and it doesn’t happen overnight.

    Portals still have their place. I use them too. But if that’s all you’re relying on, you’re basically hoping someone stumbles across your property. I’d rather make sure the right people see it.

    If you’ve got a lot or a tract and want to know how it would actually be positioned, I’m happy to take a look. No pressure to list, just information.


    PS: If you’re a landowner, you might not even be thinking about selling currently.

    You may have it in your mind that you’ll never sell.

    All of that is great, but things change. And the best time to be gathering information is before you needed it by yesterday.

    Is it a bad idea to know what your property might realistically sell for today?

    That’s what the MBR Land Reality Check is for. It’s a straightforward look at potential value based on actual sales and other (often overlooked) factors that drive value.

    You don’t have to decide to sell. You should decide to know what you can.


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  • Being the Smartest Person in the Room Is Overrated — Unless You Know How to Hide It

    Being the Smartest Person in the Room Is Overrated — Unless You Know How to Hide It

    Some people would argue I don’t have much experience in this…

    Just after the mortgage crisis, there were vacant lots everywhere and only a handful of buyers. I represented one of the few builders looking to acquire. We met with an investment group that had been buying lots to see if there was a fit.

    Realistically, a deal probably wasn’t going to happen regardless — the timing wasn’t right, and pricing for builders and sellers was miles apart.

    But this one was doomed from the start.

    The leader for the investors was sharp, but couldn’t resist proving it.

    Our builder’s CEO? Same thing.

    Two smart guys locked in a measuring contest, and the rest of us just watched it die in real time.

    Not long after, my guy passed acquisitions to someone a little less abrasive and focused on his CEO role. Fifteen years later, that company is publicly traded and one of the largest homebuilders in the country.

    The other guy? Not quite as good. Overconfidence led to overleverage, which led to prison.

    I hear he gets out soon, but I won’t be knocking down doors to deal with him again.

    Jim Camp talks about okayness in Start With No: In any negotiation, only one person can feel totally “okay.” Your job is to make sure it’s them.

    If my guy had just let the other guy show how smart he was, without trying to match him move-for-move it might have been different. Like I said, we probably wouldn’t have made a deal that day, but there would’ve been a better chance of future deals.

    It’s why Columbo solved every case. He looked unprepared and harmless so the criminal let their guard down. Same principle. You don’t have to actually be bumbling; you just have to let them think they’re in control.

    If you walk into a room and everyone immediately knows you’re the smartest person there, you’ve already screwed up. People don’t like a smarty-pants — especially one who makes them feel like the slowest kid in class.

    That doesn’t mean intelligence isn’t valuable. It just means you don’t win by flashing it.

    I’m not recommending clumsiness as a tactic (I’m not big on tactics — I like principles). But just as an experiment, next time you go to a meeting “forget” your pen so you have to borrow one. Or something equally minor.

    Watch how the dynamic changes because you let the other party feel “okay.”

    What’s this got to do with selling real estate? Maybe not much directly. But I think you see the applications — both in how I deal with my clients and with our counterparts on the other side of a deal.

    As for meetings, I try to avoid those as much as I can. And deal strictly in email. I do my best to write clearly — and keep out the tpyos.