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By Park Regency Realty

Park Regency Realty was founded in 1977 by company President, Joe Alexander. The company has been operating in the San Fernando Valley since its inception. The management team is composed of Patrick Pace, Vice President of Finance & Systems, Kenneth Engeron, Vice President of Marketing, and Joe himself.

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Today, I’d like to discuss prospecting, which is the most crucial aspect of reaching the pinnacle of success. The problem many people encounter with prospecting is that they fail to grasp its underlying philosophy. 

First and foremost, prospecting is about building relationships. It’s essential to make people feel at ease with you, getting to know who you are and what you represent, thus encouraging them to initiate a connection with you. Equally critical is providing value to your prospects. By doing so, you establish yourself as the go-to person in their minds whenever real estate comes to mind.

Remember, this process isn’t a hit-and-run; it requires tact and finesse. You have a brief window, like a two-minute commercial, to capture their attention, arouse their interest, and engage with them. During this interaction, you can inquire about their thoughts on buying or selling a property, making them more comfortable to discuss their needs.

“Prospecting isn’t a hit and run; it requires tact and finesse.”

Let me illustrate this with an example. Picture yourself door-knocking as part of your prospecting efforts, and the homeowner answers the door while having coffee with a friend. You initiate your prospecting dialogue or script, but afterwards, the homeowner returns to their conversation without much impact. This is where you can stand out by always providing value, ensuring that you’re the Realtor they remember and think of first.

Unfortunately, not everyone has been taught the right way to prospect, and that’s not necessarily their fault. However, if there’s any way we can assist or serve you, that’s precisely what we’re here for; just call or email us with any questions.