The real estate industry requires knowledge of property valuation, pricing, market strategies, and more. Without a professional guide, you might spend years trying to find your footing.
One way to start your career as an agent is to hire a professional coach. Some of the industry’s finest coaches include Krista Mashore, Tom Kelly, Keller Williams, etc.
In this article, we will discuss who a real estate coach is and how you can find one online.
Who is a Real Estate Coach?
A real estate coach is a professionally trained individual who knows the real estate market, processes, and legalities. They will provide specific training and advice to help you reach your business goals.
A good coach will be able to explain how to:
- find qualified leads,
- set up appointments,
- negotiate offers and closings,
- manage properties through escrow or title companies (depending on state laws),
- pay taxes on your behalf if needed, and
- update you on new laws as they change.
We will highlight six steps below to help you find the best trainer to provide all these benefits and more.
6 Steps to Finding a Real Estate Coach Online
If you want to get the best trainer, these six steps below can help refine your search.
Step 1: Identify Your Goals
Before you begin your search, it is necessary to define your goals. You can do this by answering the following questions:
- What are you trying to accomplish?
- Why do you want to accomplish it?
- What is the benefit of accomplishing it, and
- How will it help you in the future?
Once you have established your goals, you can consider your budget.
Step 2: Analyze Your Budget and Time You can Spare for Coaching
Now that you have a good idea of what to aim for, it is time to figure out how much money and time you can afford.
Consider Your Budget
The cost of hiring a real estate coach will differ based on location, duration, course valuation, and more. However, an estimate will be within $400 to $500 monthly.
Before hiring a trainer, check your finances and be sure that you can afford their rates. Also, if you have a pending debt, ask yourself if it is worth putting off paying them off to save up the cash needed for coaching.
Consider the Time You Have Available
Finding a trainer may not be the best if your schedule is tight with work obligations, school, or other commitments. You may not be able to commit to the required study time. But if there are gaps in your schedule, like vacation days or weekends, these are great opportunities when you can find a coach online.
Step 3: Define Your Ideal Real Estate Coach
Real estate trainers provide several benefits. However, having expectations while searching for one will ensure that you do not just hire a trainer but get the one fit for you.
Here are some questions to ask yourself that will help define your ideal trainer:
- Do I want someone who can help me achieve my goals? If so, this person should be able to provide actionable advice on how to get there.
- Does the coach have experience selling real estate? The more experienced they are, the better equipped they will be to help you achieve success in this market and industry.
- What kind of legal expertise does he/she possess? If your goal is buying or selling property within a jurisdiction (e.g., state), you should hire a trainer who understands the law in those areas.
Step 4: Research Potential Coaches Online
After creating a mental picture of your ideal coach, it is time to research.
Before contacting any coach, ensure they are a legitimate and experienced professional who has been successful in their field. The best way to do this is by checking their website and social media accounts (Twitter, LinkedIn, and Facebook). If they have an active presence on these platforms, then there is a good chance that they can provide the best services.
You can also ask family members if they know anyone who could be helpful in this area. Your friends might be able to recommend good coaches too.
Another way you can find good suggestions is by searching online. You can enter a search query in any search engine, like Google.
However, ensure you are specific with what you want. For instance, your search can be ‘the best real estate coaches’ for starters. Adding specifics like this helps to streamline your results. You can click on https://edu.gcfglobal.org/ to learn more about using search engines.
You want a coach that is interested in your progress and not only your money. So, make a list of about five or six of those you think fit this.
Step 5: Compare Your Potential Coaches Based on Reviews, Rates, and Recommendations
Once you have your list of coaches, it is time to consider how they stack up against each other.
You can start by reading reviews about them on social media platforms. Websites like Zillow, Yelp, and Google also show reviews.
Look for reviews that talk about how they were helpful in specific areas that concern you, not just generic comments. Also, look for bad reviews and how the coaches responded to them.
However, too many negative reviews could indicate issues with their services (or perhaps an angry client). You may also want to check out testimonials from previous clients who have worked with this particular real estate coach.
Also, look for coaches that offer services within your budget. But remember that rates are not a criterion; the best trainers are not cheap.
Step 6: Interview their References Over the Phone
If you decide to work with a coach, ask for references. There are several reasons why doing this is necessary before deciding on hiring someone:
- It helps you learn about the trainer and how best they carry out their services.
- It shows whether the person has been previously successful at helping agents like you.
- The more people satisfied with previous services rendered by said candidate, the more there is less risk involved in doing business with them down the road.
Once you have got a candidate that fits all or some of your requirements, you can proceed with further arrangements.
So, now that you know how to find a coach online, where do you start? It is time to begin your journey of becoming your own best (and most successful) real estate agent. Hiring a trainer is one step; you also need to commit time to learn, research, practice, fail, rinse, and repeat, until you become one of the best.