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TechnologyThe top real estate broker in the US sold $1.9 billion worth of homes in 2017 — and he says he pulled it off by following 2 top rules of selling

19:56  02 january  2019
19:56  02 january  2019 Source:   msn.com

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He said Town has sold billion worth of real estate over the last seven years: “ In the macro sense, we ’ve had tremendous success.” Top firms with a heavy focus on luxury were indisputably stung by lower prices and fewer deals. According to TRD’s analysis, Brown Harris Stevens’ sell -side volume

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The top real estate broker in the US sold $1.9 billion worth of homes in 2017 — and he says he pulled it off by following 2 top rules of selling © Courtesy of Ben Caballero
  • Ben Caballero is the top real estate agent in the US.
  • He sold $1.9 billion worth of homes in 2017.
  • Caballero says he follows two top rules of selling to pull it off: Making it as easy as possible for your clients to buy your product, and making sure they like you.
  • The first rule is something Amazon does particularly well, he says.

(Note: All figures in U.S. dollars unless otherwise indicated. Please check out our Currency Converterfor the latest values.)

Ben Caballero sold 4,799 homes worth a cumulative $1.9 billion in 2017 - an average of 92 homes per week.

This feat places him firmly as the top real estate agent in the US, according to REAL Trends, a residential brokerage industry publication. He became a Guinness World Record holder for home sales after selling 3,556 homes in 2016.

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But Caballero, who's based in Texas, didn't sell $1.9 billion worth of homes by dealing with multimillion-dollar penthouses in New York or megamansions in Los Angeles.

Instead, Caballero says he's pulled off his impressive record by adhering to two rules of selling.

"The first two rules of selling, as far as I'm concerned, is number one: You've got to make it easy," he told Business Insider. "And number two: They've got to like you."

Caballero has made it easy for his clients to work with him by creating an online platform, HomesUSA, for home builders. He only works with builders who build several hundred houses per year and streamlines the process of creating their listings, tracking the progress of the house's construction, and updating the listing when photography is added and when the home is complete.

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Overview of the Real Estate Market. 5.51 million existing homes were sold in 2017 , according to data from the National Association of REALTORS® 27% of agents and 21% of brokers spent between 1 and $ 2 ,000 on technology in the last 12 months. The top three tools that respondents plan on

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"If they didn't have our system, they would have to have multitudes of spreadsheets ... and they'd be entering it manually," Caballero said. "Instead of being able to initiate a listing request in a minute or two, it'd probably take them anywhere from 20 minutes to an hour. And if they are dealing in hundreds of listings, that's a lot of time that they would be spending doing that."

Caballero's team creates a listing in an average of 13 minutes, making the process quicker and more painless for his clients.

"If I said, 'OK, you have to pay me $10,000 to set you up in my system and you have to fill out 40 forms to get me started...' Just making them take more risk and spend more time are all barriers, they're all things that make it more difficult," he said.

Caballero says he's noticed one company in particular that owes its success to making things easy for people.

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The demand for smaller homes is driven by the two largest and most influential groups of buyers: millennials and baby boomers. Homes within 10 blocks of a subway station sell the fastest in Astoria, in the Queens borough of New York City, says real estate broker Paul Halvatzis of Amorelli Realty

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"If you go to Amazon, they know who you are because you've been there before," he said. "They know who you are, they know what you've bought before. So you buy something and they say, 'People who bought this bought this other stuff too. Do you want some of that?' They make it really easy for you to buy. And then they ship it really quick."

But of course, ease and efficiency don't matter if you're not likable and trustworthy, Caballero says.

"If they don't like you, they will not do business with you unless you have the only game in town - you're a monopoly or something," he said.

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