Watch this interview on YouTube.
D.J. Paris sits down with Vija Williams, who leads a team of residential agents in the Seattle and Puget Sound market and works with Realty.com on cash offer seller leads. They cover how sellers now research with AI and online estimates before they ever call an agent, and what that means for the way agents show up.
What you’ll learn
- The agent is now the last opinion. Sellers used to call an agent first. Now they check an estimate, ask an AI chatbot or request a cash offer before an agent comes in to explain what it all means. (17:33)
- Get in before they pick an agent. Vija says most sellers still hire the first agent they meet, so the goal is to reach them while they are still researching. (22:01)
- Put valuations and tracking on your site. Home valuations, a home report you can see them open, and a CRM that flags changing behavior show you who is moving toward selling. (22:50)
- A cash offer is one option, not the whole plan. Vija says only about one in 20 of these leads ends in a cash sale, and that the rest are listing leads. (28:09)
- Think in a pyramid of intent. At the top are home valuation leads, who may only be curious, and at the bottom are people who want a cash offer now. (30:04)
“…the real estate agent started off as the first phone call. We are now the last opinion.”
Vija Williams (at 17:33)
Chapters
00:00 Intro
05:39 Joining Realty.com
06:31 What cash offer companies learned from earlier attempts
07:02 How Vija became the “guinea pig” for cash offer leads
12:50 How cash offer seller leads work
16:11 The agent’s new role in a post-AI market
22:50 Getting in before sellers call an agent
25:21 How many leads end in a cash sale
30:04 The pyramid of intent
33:01 Why team leaders should care
35:21 Why Vija is more excited than ever
Links from this episode
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Subscribe: Apple Podcasts | SpotifyRead the full transcript
Transcript
[00:00:00] Via Williams points to data showing 80% of sellers hire the first agent they meet with,
[00:00:06] so the whole game is getting to them before they're ready to call anyone. Stay tuned.
[00:00:12] This episode of Keeping It Real is brought to you by Real Geeks. How many homes are you going to
[00:00:17] sell this year? Do you have the right tools? Is your website turning soft leads in interested buyers?
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[00:00:27] Find out why agents across the country choose Real Geeks as their technology partner.
[00:00:32] Real Geeks was created by an agent for agents. They pride themselves on delivering a sales and
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[00:00:50] includes an easy to use agent CRM. So once a lead signs up on your website, you can track their
[00:00:56] interest and have great follow up conversations. Real Geeks is loaded with a ton of marketing tools
[00:01:02] to nurture your leads and increase brand awareness. Visit RealGeeks.com forward slash Keeping It Real
[00:01:08] Pod and find out why REALTORS come to Real Geeks to generate more business. Again, visit RealGeeks.com
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[00:02:55] Hello and welcome to Keeping It Real, the largest podcast made by real estate agents and
[00:03:01] for real estate agents. My name is DJ Paris. I am your guide and host through the show and
[00:03:07] today I'm super excited to introduce our guest, Villain Williams. If you don't know her, she's a very,
[00:03:14] very big deal in the real estate industry. She has done so many things. It would literally take me
[00:03:18] minutes to go through her highlights. So I'm just going to give you a few of them, but to let you
[00:03:23] know kind of who she is in case you haven't yet been introduced to her. So she currently is the
[00:03:28] chief growth officer of realt.com and prior to that, she was head of industry for place and
[00:03:34] and president of Ben Kinney brokerages. She continues to be a real estate team leader,
[00:03:40] a trainer, a coach, a teacher, speaker. She has been all over this industry. She currently owns and
[00:03:48] runs via real estate and this is a team of residential real estate agents, so specialists really
[00:03:54] who focus on the Seattle Washington and Puget Sound market. She's also the former co-founder of
[00:04:00] her best life, which is one of the most successful women's real estate groups before leaving to
[00:04:05] launch. She incorporated, which was also a successful real estate women's collective. She was,
[00:04:11] she hosted a show called Empire Building, which was inman named the 2021 podcast of the year,
[00:04:18] 600,000 downloads within two years, like incredible. She has done a million things and we are going
[00:04:24] to talk about, oh, and by the way, she speaks all over the country too. She's spoken in inman.
[00:04:29] She's spoken at Keller William stuff, eXp, real, Zillow, and among many, many other events. So she is
[00:04:38] somebody that the experts go to when they need experts to talk. And so we are thrilled to have her.
[00:04:44] Be a welcome to the show. Thanks. That made me sound so fancy. You are fancy.
[00:04:51] Well, I'm not really fancy, but I think you're fancy. Give us your Instagram real quick.
[00:04:56] Oh, via via. So it's V-I-A-V-I-J-A. So my name is actually spelled V-I-J-A. And the J is like a Y. So
[00:05:04] it's, you know, like Tonya, you're ever seen Tonya or Tonya with a J. So it's like V-I-A-J-A. So it's
[00:05:13] linked to that in the show notes. And by the way, since V-I-A-I-J is a speaker, a presenter,
[00:05:18] among a producer and team lead and all the other cool stuff she does, she has a lot of resources.
[00:05:24] So if you are looking for help around really any part of your business reach out to her,
[00:05:28] she's got something for you or she can direct you in the right way. She's still really, really
[00:05:33] generous person that way. So please, please reach out to her. Okay. So I want to talk about just
[00:05:39] primarily and not primarily, but first I want to talk about Realty.com because this is a new,
[00:05:45] it's not a new website, but you are newer to the company and this is a big deal. And then wrote about
[00:05:50] how you are now a part of the company. And what's interesting about Realty.com for those that
[00:05:57] aren't familiar, we're not talking RealTur.com, of course, different website there entirely. But
[00:06:09] they do instant cash offers. And what's interesting to me about that is how many companies have
[00:06:15] tried this and not succeeded. And you guys seem to be succeeding. And I'm fascinated by this because
[00:06:21] Zillow tried it and they couldn't figure it out. And they have the best data on the planet.
[00:06:25] They lost hundreds of millions and they shut it down, you know, five years ago.
[00:06:31] Curious, what do you think Zillow got wrong? And what did like people like you learn from seeing
[00:06:37] some of these other firms kind of try it and not not make it?
[00:06:41] Well, what's interesting is Zillow is actually doing it now. So it's such a great question because
[00:06:46] I think it really leads into what we want to talk about today, which is what does the agent,
[00:06:52] what is the real estate team really have to be in this post AI age, you know, what, what is it
[00:06:57] going to take to thrive and succeed? And it kind of, I mean, I would say that it starts here.
[00:07:02] It's kind of why I'm at Realty.com. And I'll tell you a story. I'll start it. I'll answer you
[00:07:05] the story. Couple years ago I was in Seattle and I had a, you know, very full-time job.
[00:07:10] His head of industry for a place, places a company founded by Ben Kinney and the quick
[00:07:20] explanation is that we worked with really, really large real estate teams and ended up buying
[00:07:25] brokerage. They own a lot of entities now. So I was on the road all the time. I was on the road,
[00:07:31] you know, twice a month, right? And so I was, I was kind of a chief evangelist. That was kind of part
[00:07:36] of my role. And I didn't have a lot of time. And, but I had this team back here in Seattle with my
[00:07:42] brother, my brother and I were running some. My brother also had another business. And, you know,
[00:07:46] for all of our friends listening, you guys know running a real estate team is a full-time job. It is
[00:07:52] not a side hustle. You just, you can't do it. It's just, it's just not by nature of it, right?
[00:07:58] Needs your full attention. And my friend called me who owns an iBire business, which is what you
[00:08:07] were referring to as a low. And he goes, Hey, Via, we're going to, we're going to start bringing cash
[00:08:11] off our leads into Washington state. Would you be our guinea pig in Washington? We, we're going to go
[00:08:16] up to 1.7 million sales price. And, you know, we haven't done this before. I mean, normally these kind
[00:08:22] iBires were in like Phoenix, Atlanta, Charlotte. You know, they were kind of in lower price point
[00:08:29] areas. It had a lot of homogenous product. And so I was like, yeah, heck yeah, let's try it.
[00:08:36] And I just had this instinct that I, you know, it's one of those things in times in life,
[00:08:41] like it changed my life having this instinct, but I have this instinct. I'm like, I just feel
[00:08:45] like I need to go all in on this, you know, so I talked to my brother, I go, Hey, can I take the
[00:08:52] agents to be kind of our Navy SEAL squad, if you will, on this and just go to town. Can we spend some
[00:08:57] money, you know, getting some of these cash off leads, you know, do I have your blessings?
[00:09:01] My business partner basically. And he was like, yeah, so I had, I knew nothing. I knew nothing
[00:09:07] about these leads. Like I knew nothing about instant cash offers. I had never, I barely knew
[00:09:13] Open Door was just because, as much as I was traveling around, it just wasn't, it just wasn't a
[00:09:19] thing. It just wasn't prominent, you know, in my market or in my world. So I start learning
[00:09:23] them and I start learning them. I'm on the phone. I remember being at events like on my way to go
[00:09:28] on stage to speak, converting, converting these leads, you know, and I mean, because I knew that if
[00:09:33] I didn't do it myself, I wouldn't, I wouldn't be able to teach and coach and train on it. So, um,
[00:09:38] we started crushing it. I think we were, I think we were doing, you know, a couple of million in
[00:09:44] business a month just from cash buyer seller leads within three, four months, took a couple
[00:09:51] months to ramp up. Sure. And then I ended up making some career moves. I left place and what not.
[00:09:59] And handed my team over to my brother. I said, you know, and so I kind of walked away from the team
[00:10:03] for a while. And in that process, uh, started, uh, began the process of forming a business with, uh,
[00:10:11] my, my business associate spring Benson. And in that process, I go, hey, I really have this feeling
[00:10:18] that if we want to be on the forefront of where the industry is going and where the consumer is going,
[00:10:25] I think we ought to talk to real T dot com, not real toward real T dot com. I think we ought to talk
[00:10:30] to lands about maybe having them be our lead partner in this new business. So we started meeting
[00:10:35] with lands and, um, you know, I was passionate. I was enthusiastic. And, you know, I was like,
[00:10:42] this is what it takes, Lance, this is what it takes to make these leads work. They're different.
[00:10:46] You have to handle them differently. And as long as, you know, you're open-minded and coachable,
[00:10:52] and you tweak a couple of your approaches and a couple things you do, these can change a business.
[00:10:58] I experienced it myself and ended up, he's like, can I just hire you? And it just really worked well
[00:11:02] with the business I was forming with spring and the other stuff I had going. It was perfect,
[00:11:08] really. You know, I was kind of looking for my next thing. And it ended up, it ended up changing
[00:11:13] my life because every aspect of my empire has something to do now with cash offer seller leads.
[00:11:20] Wow. My, I restarted my team. I have a national network that I've got with spring that is now
[00:11:26] affiliated with cash offer seller leads. I coach and consult teams and brokerages. And a large
[00:11:32] part of it is how to bring in a predictable, consistent lead source, you know, a new lead source.
[00:11:39] Like when you're a team or brokerage and it's like, all right, you know, we just don't have enough
[00:11:43] inventory. We just don't have enough leads. I can literally help you bring in a brand new
[00:11:48] lead source, train you, give you everything you need if you've never done it before. From full stop
[00:11:54] none to I have a team in Houston that we brought on about four months ago had never done third-party
[00:12:01] leads. I think they're $120 million team for whatever reason. They just rocked it at, you know,
[00:12:08] at prospecting. Like they just didn't bring in outside leads. And they were like, it's time,
[00:12:12] it's time. So they had never done internet leads, not even buyer leads. And we came in, they're at
[00:12:18] there at 12 deals in their first four months, 12 transactions and four months, right? I mean,
[00:12:25] he just texted me the other day. He's like, oh, we just double ended at $1.2 million
[00:12:28] listing. Like we can't get enough. So we can like deliver, cradle to grave, a brand new lead
[00:12:35] source to an agent to brokerage to a team and teach them everything. So I love it. Like it's
[00:12:42] so much fun. And I personally experienced them. So, you know, the story of how I got here is that.
[00:12:50] What's interesting though about Realty, so Lance Custon, who founded it, was definitely ahead of his
[00:12:56] time. And I think it's why we're just now getting on the map with everybody. He was generating
[00:13:03] these long form fill, cash offer leads two to three years ago before anybody was doing it.
[00:13:10] And one of me by long form fill is we if there's a million ways the leads come to us, we own
[00:13:16] hundreds of different URLs, right? Reload.com, estimate.com, realty.com, pecsis.com.
[00:13:22] And through message boards, through paperclick, through a million different sources, they come in
[00:13:28] in a homeowner, submits their name, and they fill out a pretty long form. Why do you want to sell?
[00:13:34] But they literally have to list a reason to move on. What condition is your house and what do you
[00:13:38] think your house is worth? What's your time frame? What's your name, remember email? And so,
[00:13:43] by the time a consumer fills out a really long form, by the way, for every question you ask somebody,
[00:13:50] this is just a tech thing, for every question that you ask a consumer, you lose somebody.
[00:13:56] Oh, one hundred, I mean, this flies in the face of traditional lead gen online lead gen, because it's
[00:14:02] like, you know, you ask for the last name, and instead of just the first name, you know, you
[00:14:07] want to do, and traditionally, you want to think about as few lead, if you have fields as possible,
[00:14:13] yes, few. And the, but the, the, with what you're talking about is you know, we're going with this.
[00:14:19] Yeah, you want somebody who is fully committed, because the more they're committed to telling that
[00:14:24] story, the more likely they're going to be to have that phone conversation. So I, yeah, so it can
[00:14:28] be forward and nine questions, depending on like how they command, right, different sites.
[00:14:33] And they're literally at the end, giving their name, email, and phone number and saying, call me.
[00:14:38] So they are extraordinarily high intent leads. We have a third party tracking, and 30% transact
[00:14:43] within 18 months. So there's a title change with a third of them. So basically, we have 150,000
[00:14:51] consumers a month that are requesting a cash offer on their home with a long form fill, with
[00:14:56] their name and number. By the time we dedupe, we title, verify all that stuff. We're running in net
[00:15:01] of 60 to 80,000 cash offer seller leads a month. So here's, here's the difference between what Zillow
[00:15:06] was doing. And here's what Zillow is doing. And here's where I think it's important for everybody
[00:15:10] here. So I don't want this to be a sales pitch. We are the, we are already are the nation's largest
[00:15:16] aggregator of cash offer seller leads. If anybody, any, any of my friends listening, any of you start
[00:15:22] researching this, you will end up on us. So we're here. We're affordable. We can be a thousand
[00:15:28] dollars a month up to $25,000. I mean, home lights, one of our clients, I mean, you name it. We
[00:15:32] can be small, other way at large. There are 70 to 85 dollars a lead on average with no referral.
[00:15:37] They're really cheap leads. They're just great leads, right? They're seller long form fill leads,
[00:15:42] whatever. Here's what's interesting. Zillow actually is all of Zillow seller leads right now.
[00:15:48] Our cash offer leads just like this. I would say there are closest one that's doing this. So
[00:15:54] actually, I think the real conversation DJ is that the consumer behavior is changing. And if
[00:16:01] 150,000 consumers a month are getting online, asking for a cash offer, the real thing is we are
[00:16:11] completely in a new role than we used to be. We is the agent. And the way I explain it is, you know,
[00:16:17] back in the day, I don't know how long have you done this? Are you admitting this out loud?
[00:16:21] So yeah, so I've worked at a brokerage for 15 years. So yeah, okay, pretty long, pretty long. I've
[00:16:28] been doing this for almost 25 years. So long. And I'm a second generation. I was just my whole life,
[00:16:37] right? And this is what I know. What I know is kind of back in the day, a seller would decide to sell
[00:16:43] they call an agent. They might call two, they might call three, but they call an agent. We come over,
[00:16:48] right? Give them a CMA, give them a marketing plan. Yes or no, they're going to decide who they're
[00:16:53] going to hire. And yeah, there's four sale founders, but for the most part, they're going to hire an
[00:16:56] agent, right? The agent's going to put a sign in your, okay, now one is the last time, you know,
[00:17:04] any agent, anyone listening right now, because I've done this live. And like there's maybe one hand
[00:17:09] that goes up in the one hand, just like a 90 year old person. One is the last time you guys have
[00:17:13] gotten on an appointment. And they haven't at the very least just looked at their estimate. If not,
[00:17:18] got none, chat GPT, got none, Claude, maybe look at their red fin estimate, maybe whatever,
[00:17:25] and I'm going to add now, ask for a cash off on their home. So here's the thing. We turned into,
[00:17:33] we started off the real estate agent started off as the first phone call. We are now the last opinion.
[00:17:39] Right. So it's a totally different role. So the role we now play is how do you come in after
[00:17:46] they've done all the research and translate what it all means and present it to them and educate
[00:17:55] them and no more than them have the better resources than them and be able to solve their problems.
[00:18:01] How do you do that as an agent? At the end of the day, 20 years ago, 15 years ago,
[00:18:09] right? All we had to really do was be one for ponies and we could just bring a sign,
[00:18:13] list their home. Now, if we don't really actively know four to five exits, we're probably not
[00:18:21] going to make it. So my hot take, controversial as it might be, is that the new modern post AI
[00:18:28] real estate agent can no longer just be a one trick pony. We have to walk in and have four,
[00:18:34] five, six tools in our tool belts and be able to be a problem solver for a highly, highly educated
[00:18:40] consumer. I mean, the consumer, we've never seen data this public before. We've never seen
[00:18:46] so much data exposure and we've just never had an educated consumer like this in real estate.
[00:18:51] They can see everything. And if y'all are not using cloud and chat GPT and I have not trained
[00:18:57] anybody who's not, I haven't trained any agents who are not at this point. They're shockingly good
[00:19:02] CMAs as we all know. And granted, we're inputting well. We're giving it good prompts. We're
[00:19:08] steering that. We're steering that to make it good. And I mean, we have to learn how to get a lot
[00:19:14] of business as the last person that's helping them discern and decide what to do. We're not
[00:19:27] things. I think what's interesting, DJ. I think the really interesting thing about it is,
[00:19:32] is that the consumers not asking for an agent yet when they request to cash off or lead,
[00:19:38] what they're asking for is a cash off or on their home. They are not, most of them have not
[00:19:42] contacted an agent yet. Right. So you're getting in before they were really going to talk to an agent.
[00:19:49] You're now, see what I'm saying. You're now getting in during that time where they're
[00:19:53] resistimiting. They're looking at their resistimit. They're doing all this exploration because that's
[00:19:59] now the new consumer behavior. I'm thinking about selling my home. I'm going to get on my phone
[00:20:03] and my computer. I'm going to do my own research. Then I'm going to call an agent. And then the agent's
[00:20:08] going to either help me discern or I'm going to discern based on all the information I have.
[00:20:14] So the new modern agent has to learn how to be in that role. And it's such a different role
[00:20:19] from what most of the traditional training is. Most of the traditional training is we're going to
[00:20:23] teach you how to do a listing presentation that's 20 years old. And it's just not like the agents
[00:20:28] that are crushing it. I interviewed this agent. I talked agents all the time, as you can imagine.
[00:20:35] I interviewed this agent last week and she got seven of our Realty.com leads and she has six
[00:20:41] agreements out of seven leads. So I asked her team lead. I go, can I call her? Can I just pick a
[00:20:46] brain? So I start talking to her and I go, what's your story? And she was like, she's just an amazing
[00:20:53] woman. She's a single mom to four kids. She's in Houston. And I won't share a name, although I have
[00:20:59] a feeling she would love me to share her name. She's just such an amazing human, but I won't. And
[00:21:04] she started telling me she's like, I didn't even know what an I-vire was until four months ago.
[00:21:08] I didn't know. She's like, I just double ended that $1.2 million listing using a sub two. She goes,
[00:21:15] I didn't even know what that meant four months ago. I go, well, how did you learn? She was like
[00:21:19] combination of talking to my team lead in a lot of YouTube late at night after putting kids to bed.
[00:21:24] I was just determined. I just instinctually, she's like, I just knew that I just knew that I had
[00:21:29] to learn all this stuff that and she goes, now I bring in a cash offer every single one of my
[00:21:33] listing appointments, even if it's a sphere referral. And I explained to them what their options are
[00:21:38] now. And it's just made me such a better agent. And so what what I would say to you now is the new
[00:21:43] modern agent needs four to five arrows in their quiver. It's just the way it is. We have to think
[00:21:48] about ourselves now as consultants and problem solvers and just get used to that role, get comfortable
[00:21:53] that role and try to with our marketing usurp and get in before they're ready to call an agent.
[00:22:01] Be the first. You know, the stats are still overwhelming. NAR and sold both have data that
[00:22:06] shows that consumers are still 80% of sellers will hire the first agent they meet with.
[00:22:11] Yeah, it's always tell people your listing presentation doesn't matter because they're only
[00:22:16] interviewing one person. So the trick. So with that DJ, exactly, the trick is to try to get in
[00:22:22] before they were ready to talk to an agent. Right. And that's where I know what we're the agent is.
[00:22:26] Yeah. Yeah. Typically. And so, you know, whether it's us, right, whether it's realty.com, whether
[00:22:30] it's, you know, Miria, different things, I think the new modern post AI agent is the one that's
[00:22:35] really looking at their marketing going, okay, what's the consumer behavior? What can my content
[00:22:40] look like? Where I'm going to start attracting and I'm going to start getting in before they
[00:22:45] naturally are going to start calling my competition, right? And, you know, what can I say? What can I do?
[00:22:50] You know, you have to have home valuations on your website. You have to have some kind of a
[00:22:56] home bot type report going out. You have to be able to track when they open it. You really should
[00:23:01] be having like top five things to make your house self-assed or top five pink colors of the hottest
[00:23:07] listings of the year. You have to start having that stuff so that you can start looking at their
[00:23:11] patterns. Okay, they're starting to download. They're starting to view the report more. You need to
[00:23:16] have probably AI on your CRM to tell you that. Hey, their behavior, their algorithms are going to
[00:23:21] look like they're in seller buyer territory. Then you can start sending them things like, hey,
[00:23:26] do you want to explore what a cash offer would look like on your property? Because you is the agent
[00:23:31] have the power to partner with. There's eye buyers in every marketing United States now. So,
[00:23:36] all of you guys can partner with and I don't want to promote particular companies, but it's so
[00:23:41] easy. All of us can partner with them and how it works guys is the eye buyer. You work with the
[00:23:46] eye buyer. They come in and buy the property. Some eye buyers will pay you for that first transaction.
[00:23:50] All of them will pay you when you list the home and list it on behalf of the eye buyer. So,
[00:23:55] I shouldn't say all of them. There's some that actually only pay on the first transaction.
[00:23:59] There's a million different versions of it. All of you guys have that capability no matter what
[00:24:04] market. So, if you really start looking at what you need to do and who you need to become,
[00:24:09] that's what it is. I think this is such an interest. It's something I never thought of before.
[00:24:14] I understood what eye buyer companies were, but you guys are sort of going a little bit in a
[00:24:21] slightly modified direction, which is really quite clever because you're right. Once they have the
[00:24:27] listing appointment with an agent, the NAR data is shows that they're getting most likely the listing.
[00:24:33] And you're coming in before they make that call and you're still getting the lead to an agent
[00:24:39] and you're saying, hey, you know, because you're right, who doesn't want to know,
[00:24:43] we all look at our estimate. We ask CHAT, GPT, what the value of our home is currently worth.
[00:24:48] We're always looking at what we think our home is worth. And it is kind of a fun experiment
[00:24:54] just to go, I wonder what somebody would offer me right now without having to go through
[00:24:58] the entire process. And so what's brilliant about this is you're getting to that person before
[00:25:05] they get to an agent, but they're getting to an agent in a different way. And so that I just,
[00:25:10] and all in a, you're right, finding investors like the eye buyers, that's the easy part.
[00:25:15] There's so many people that will partner with you to purchase homes. And I'm curious,
[00:25:21] what, now do you guys have data on what percentage of the people that close are taking the fast cash?
[00:25:30] Like, is there, because I suspect it's probably not, it doesn't probably matter to you guys,
[00:25:35] but I'm curious of like what percentage are actually, because me, I would just want to know whether
[00:25:41] I took it or not, I'd want to know what you guys could get me, right? So totally. And that's the question.
[00:25:45] That really is a question. So there's a couple answers. I was, I was going to say that. Anyway,
[00:25:50] I'm so glad you, it's perfect that you asked me that. The best data we have actually comes from
[00:25:55] Zillow offers the brief period of time and what you were referring to earlier is Zillow became the
[00:26:02] eye buyer for a brief period of time. They became the eye buyer, which is different from generating
[00:26:06] seller leads this way. Very different, right? We are not an eye buyer. You guys are always a
[00:26:11] or just like Zillow, same with Zillow now. Which by the way, very smart business to be in because all
[00:26:17] you have to do is one thing and not everything. Yeah. You guys, there's so many eye buyer companies.
[00:26:23] You guys could all go register right now. Right now with, there's, there's one in my head that
[00:26:30] is literally in every market in the US. And, but there's, there's other ones, you know, I work with
[00:26:36] one that's in like 12 or 15 markets. They're, they're the ones that I started with in Seattle.
[00:26:40] All you do is register form, you get trained and then they generate offers instantly for you and
[00:26:45] you show up and you can bring them to every single one of your listing appointments. Just
[00:26:49] sure. But going back to what you're saying, because it's a really interesting question. So we have
[00:26:54] an RK 150,000 consumers, not homeowners, I should say, requesting cash offers on their home every
[00:27:00] month. So the question is what percentage of those are cash offers? And so as a tech company,
[00:27:06] obviously we only have access to our clients data if they give it to us. Right. You know what I mean?
[00:27:12] Higher transactions, yes, it's barely. Yeah. So when I started, I started in December of 2025.
[00:27:16] And when I started, one of the first things I started doing was getting feedback loops so that we
[00:27:21] could start tracking that. So we are in the process of tracking it. And the only public data I could
[00:27:27] find was Zillow because they're a publicly traded company. And Zillow published it about 5%
[00:27:33] of their total offers and it up as cash offers. And you know what the data is? It's 5%.
[00:27:37] That is really the number. When I, you know, and what's interesting is I have a couple teams that are
[00:27:43] super investment heavy, meaning they have really strong relationships with investors. They have
[00:27:48] a thriving off market and investment divisions. And they do slightly higher just because you're
[00:27:54] always going to convert what you know. And they're just getting more people on the front and
[00:27:59] they're just stronger converters because their team vibe and their team culture is so investment
[00:28:04] heavy. That makes sense. But for the most part, it's right around 5%. So said another way. It's like
[00:28:09] one out of every 20 leads. And I train a lot on this. And it's really interesting because you can
[00:28:16] hear them right away. Most, I mean, 95% of these are listing leads, right? And I'm not, again,
[00:28:22] I'm not trying to say this to to show and to sell realty.com leads. I actually, what I want you guys to
[00:28:28] hear is that a lot of these lead sources aren't about the lead source. It's about, it's about
[00:28:34] understanding the new consumer behavior, getting them to raise their hand, you know, to, hey,
[00:28:40] come help me solve my problem and you inserting yourself to solve their problem. We're just using
[00:28:44] realty as an example. You know, I just don't want everybody to think that we're, you know,
[00:28:48] because it's the best example. It's such a good example and puts it all together. I'm like, oh,
[00:28:52] the consumer is doing a whole bunch of research before they call a real estate agent. So
[00:28:56] how can you use a real estate agent? How can you use a real estate team leader? How can you get in
[00:29:02] there and get in the consult somehow, get in the consumers, you know, get on the phone with them,
[00:29:08] get in front of them before they would naturally call that agent. Well, you know, you have to have
[00:29:13] a compelling offer and you have to have tools in your tool, but tool belt to do that. So you can
[00:29:18] generate your own cash offer leads to you can do direct mail. You could be really strong on
[00:29:23] social media. You could buy ads. It's cheaper to buy arts, which is why most people end up,
[00:29:28] mostly older, like, 70 by bucks a liter. But there's a lot of people that do ours and they're also
[00:29:34] generating their own too. You know, the point is look at what the consumer is doing. Do you have
[00:29:39] home valuation on your website? Do you have really good automation? Do you have a really compelling
[00:29:44] reason for them to register? Right? You know, so, so really asking yourself every time you're at an
[00:29:49] open house, every time you add people to your database, are you being really strong in making sure
[00:29:54] that they're registering, that they're opting in so that you can send them home valuations? They all
[00:29:59] want to know how much their home was worth, right? Sure. So the way to look at it when I'm teaching,
[00:30:04] if you can visualize it pyramid, I do a pyramid of intent. And on the very bottom, the highest intent
[00:30:10] possible is I want to cash off from my home right now. That's the highest intent you can try.
[00:30:14] But the top one is home valuation leads. And, you know, I used to work those back in the day when
[00:30:19] that was all we had, where someone, you know, and I mean, just because someone wants to know how
[00:30:24] much their house is worth doesn't necessarily mean that there's a high intent to sell, right? At the moment.
[00:30:28] Right. It might just be a general interest of curious. Everyone kind of wants to know. Yeah.
[00:30:33] But, you know, then, okay, how often are they checking it? That starts looking like a little bit
[00:30:37] more intent. Like, okay, they're starting to check it. Now, are they starting to download my articles
[00:30:41] that are pretty, my articles are pretty blatantly, I'm getting ready to list, right? Are they saying,
[00:30:46] hey, I have the best, I have the top five most, you know, value laden movers or painters or
[00:30:54] junk removal guys in the market. Let me know if you want that list where they're certainly clues
[00:30:59] that they start moving down that pyramid. Then, then you kind of get the IP cash off or curious
[00:31:05] people who are like, I'm not really in a hurry. I'm not really sure. But I'm kind of curious.
[00:31:10] Then there's the, I want to cash off from my home, my time frame is ASAP or three months and I have,
[00:31:17] you know, I'm getting a divorce or I'm moving out of state or I inherited this property, right?
[00:31:22] And we get those all the time. I just posted, if anyone checks my Instagram, I just posted a text that
[00:31:30] I got from our onboarder. He goes, and I just onboarded someone and within two days, I had an
[00:31:35] $800,000 appointment and it's a buy sell because it's just, it can happen very, very fast and
[00:31:41] sometimes you get nurtures because they truly were not ready to talk to an agent. So it's all over
[00:31:47] the place. But I think the big lesson is, is, in the paradigm shift and I was speaking with a
[00:31:53] whole bunch of agents here in person, I've event, and Seattle Friday, everybody was nodding
[00:32:00] there like, oh my gosh, you're right. And I was like, you guys just have to learn more tools.
[00:32:03] You have to get comfortable with this whole new reality in all of my old time or friends. I am one
[00:32:09] of them, almost 25 years I've been doing this. And, you know, I just kind of two years ago, I just
[00:32:15] had this instinct. I was like, I've got to embrace this. I've got to embrace this whole new world.
[00:32:20] I can't be this old school. All I do is listen to you. You've got to open yourself up. There are other
[00:32:25] ways to do business. Now there's other, you can do fractional, you know, purchases. You can do a,
[00:32:31] you can do a lease purchase. There's a whole bunch of ways to solve the consumer's problems now
[00:32:36] that we didn't have. And it's really important that we learn them and we know them better than the
[00:32:41] consumer and that we become their resource. So that they trust that we're going to bring them
[00:32:45] the best options and that we're going to give them a lot of options. Otherwise, if they don't trust
[00:32:49] us, they're going to think they can do it better themselves. They won't hire you. It's a whole different
[00:32:53] role that we're in. Yeah, I agree. And I'm thinking that if I'm an individual agent, this is
[00:33:01] again, another arrow for the quiver to bring in and say, well, we have a couple of options. We
[00:33:05] can go the traditional listing route and here's one way to do it. And we have these immediate,
[00:33:09] you know, people that need to get their home sold more quickly or just are looking for a particular
[00:33:14] price point. And maybe the ibuyer can get there. And again, just offering something the other
[00:33:19] agents don't. But I'm also thinking if I'm a team lead, there's a whole nother revenue
[00:33:24] street line of revenue stream, which again, only maybe 5% of the time will convert to an actual
[00:33:30] ibuyer sale. But that's not really the point, right? And so this is an opportunity for you as a team
[00:33:36] lead to really add additional team members and bring people in. So yeah, this is if anyone is
[00:33:42] interested in getting more understanding about working instant ibuyer leads or instant valuation
[00:33:51] kind of leads, what's the best way that they should reach out to you? They can through my
[00:33:56] Instagram or I mean, you could reach out to realty.com and get on our website. I work with teams
[00:34:04] and brokerages. We have a great team that works with individual agents at realty. And there's a
[00:34:11] lot of trainings. You don't have to know anything. You don't have to know anything. I think that,
[00:34:16] you know, my message to team leaders is that we can deliver an entirely new leg on your lead
[00:34:23] gen stool, cradle and brokerages. We work with a lot of brokerages. Brokers are actually our largest
[00:34:28] clients, our largest enterprise clients, because we can we we don't just sell leads. We sell them
[00:34:37] a training system, you know, and so we're we're able to train it all. And so it's it's really cool
[00:34:45] to be with a company that that's doing that. And again, I don't want to make this sound like I
[00:34:49] in fact, you and I didn't really plan this. We didn't really plan for me to do all this. So I'm
[00:34:54] sensitive to overselling from the pulpit, you know, so to say, but I will say that, you know, I got
[00:35:01] to this role and I got here purely from I didn't come here and then start preaching. I was
[00:35:09] preaching this and seeing this two years ago, right, and came to the role because of that. So I am
[00:35:16] pretty passionate about it because it just slapped me in the face. I was like, this is a completely
[00:35:21] new way of thinking about our roles, thinking about ourselves. And I'll be honest with you in a,
[00:35:26] vulnerable moment. I don't know if any of you guys have felt this way, but there is a time kind
[00:35:31] of a year ago where I was a little discouraged. I was like, man, I don't know. Like I don't want to
[00:35:38] believe all the hype, but like all this AI and everything like, are we going to really be you
[00:35:43] served? And in in working through all of this and working with literally thousands of agents in
[00:35:48] teams, I am more excited than I've ever been. So I'm like, there is a huge role for us. It's just a
[00:35:53] different role. We now come in and we discern and we we provide resources and we provide knowledgeable
[00:36:00] education about the pros and cons and trusted partners and all of it. So as long as we embrace being
[00:36:08] the best at giving information and discerning what to do and understanding who, you know, what the
[00:36:16] pitfalls are going to be before they hit them. Because by the way, when I'm working with clients now,
[00:36:21] I can say, here's what's going to happen. The offer is going to come in. It's going to come
[00:36:24] to do do do. I just know three steps ahead. Right. So I can counsel them through it. And so there's
[00:36:30] really, you know, no hiccups. If they went undid it by themselves, it would be a whole different
[00:36:35] experience than them doing it through me or people that I train. So it's a big deal. I mean,
[00:36:41] it's a really big deal to view ourselves this way and to view ourselves differently and to say,
[00:36:45] you know, as long as we can embrace this new identity, we can thrive.
[00:36:50] Well, Viet, thank you so much for coming on our show and talking about this. This is a huge thing
[00:36:55] that is going to really help agents sort of differentiate themselves from other agents, offer
[00:37:02] some additional, you know, exit strategy, as you said, for sellers and also just serve the need
[00:37:08] of people wanting to know what's my home worth and what could I get for it right now. So on behalf
[00:37:13] of our audience, thank you so much for coming on for everyone else. Reach out to Viet if you are
[00:37:18] interested in learning about this, being trained on it, how it works, what the best practices are.
[00:37:24] She works for the best teams in the country, helping them do this and she's done it herself. So
[00:37:28] reach out to her via on behalf of our audience. We say thank you on behalf of Viet and myself to the
[00:37:33] audience. We say thanks for making it to the end of the episode. Follow her on Instagram. We have her
[00:37:38] link in the show notes and we'll have her contact information as well. Reach out to her and Viet,
[00:37:44] thank you so much. We will see everybody on the next episode. Thank you, bye everyone.
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