The Hollister Group first to Join Joy Daniels Team Select Model



JULY 14, 2017 • Vol. 33 • No. 28 • www.CPBJ.com

Broker launches hub model
The Hollister Group is first to join

By Jason Scott


Jennifer Hollister and her team set a goal of closing 200 home sales this year, a target that would exceed results in 2016, the team’s biggest year, by about 60 percent.

And the goal is within reach thanks to the team’s new partnership with the Joy Daniels Real Estate Group, one of the leading independent brokers in Central Pennsylvania.

Hollister believes her real estate team will not only hit that 200-home mark and reach a sales-volume goal of $42 million, but also set itself up eventually to become the next $100 million team in Central Pennsylvania.

Hollister’s team is already one of the top-producing groups in the Harrisburg-Carlisle area, according to Colorado-based Real Trends, which annually ranks U.S. real estate professionals by transactions and sales volume. Hollister’s team was No. 2 last year.

The group of elite teams that can crack $100 million annually is small and includes Joy Daniels. A longtime team at Re/Max Realty Professionals Inc., Joy Daniels broke away in 2010 to become its own full-service company, based in Susquehanna Township. It also has an office in Hampden Township.

Now, Joy Daniels is looking to recruit other teams to help create what it calls a team select model. Under the model, Joy Daniels is inviting other real estate teams to join forces to help grow and elevate their brands.

Hollister and her team had been with Keller Williams of Central PA. She said moving over to Joy Daniels was about leadership, culture and vision. Although her group may have hit its numbers anyway because of strong name recognition and a hot housing market, she wanted a partnership with someone who shared her goals and could also move fast.

Independent brokers are often more nimble and accessible, allowing them to make decisions more quickly than larger corporate entities, she said.

But top agents looking to change still hesitate about joining smaller companies as it would mean leaving behind deep-pocketed national brands that can spend more to promote listings and drive sales leads.

Real estate teams  are increasingly popular because they allow individuals to specialize in one part of the home buying and home selling process.


Team growth

There are an estimated 35,000 to 50,000 real estate teams in the U.S., according to a 2016 report by Colorado-based Real Trends, a publishing and communications company that tracks the residential real estate industry.

More than one-third of those teams have been formed in the last three years.

On a team, individual agents usually specialize: Some work only with buyers or only with sellers, while administrative staff also may support only one side of a transaction. On many teams, the team leader handles the bulk of the transactions and provides sales leads to team members.

More than 40 percent of teams have four to nine members. Nearly 40 percent more have two to three members.

The top 250 real estate teams in 2011 completed 61,321 transactions, while the same group completed nearly 71,000 in 2015, according to Real Trends.

The midstate usually has a handful of teams from each metropolitan area represented on those lists. The top local team consistently reporting numbers to Real Trends is the Craig Hartranft Team with Berkshire Hathaway HomeServices Homesale Realty in Lancaster County.

Hartranft’s team nished 2016 with 478 transactions and $105.6 million in closed-sale volume.

Between 2012 and 2015, Real Trends found that team submissions to its popular lists ranking the top-producing agents and teams nearly doubled. In 2012, 2,233 teams submitted for ranking in America’s Best and The Thousand, while more than 4,300 submitted in 2015 franchise companies because of the name recognition and large market share.

But Hollister said she saw a well-known brand in Joy Daniels, whose green signage was built around Joy’s likeness. Most for-sale signs brand the real estate company, not the agent.

It’s also a company where the owners are not shy about their growth plans, which include becoming No. 1 in the Harrisburg area and expanding across the region through the new team hub model.

Hollister, who had been exploring other options, thought the best place to grow her own team would be at Joy Daniels.

“When you align with other teams, they have to think in abundance,” Hollister said. “And you don’t let ego interfere with the road to success.”

Team Select Model

Under the new team model at Joy Daniels, teams that partner with the company will be able to maintain their brands and operate autonomously, said Chris Daniels, the CEO of Joy Daniels.

He is hoping Hollister’s move may entice other teams.

Hollister’s name will have equal billing with Daniels on signs for Hollister’s listings, as would other team leaders who choose to align with the company, Daniels said. Joy Daniels is the company’s broker/owner.

If that’s not enough, he is betting his rm’s commission cap model may interest teams that want more predictable broker fees on their home sales-volume. Once a team hits an annual dollar limit on commissions paid to the broker, the team keeps all of any subsequent commissions earned after the cap that year.

So if a team sells more homes each year, it should make more money.

Daniels sees teams as the future of real estate.

“It’s a way to deliver the same service in a specialized manner,” Daniels said.

Hollister has always liked the group approach and has been on teams her entire career. However, early on the teams were a lot smaller and she was sharing a lot of the costs, she said. e roles on her team today are more specialized. She works as a rainmaker or leader to provide leads to her team members.

“Different personalities are better suited for different roles, and everybody is helping each other,” she said. “You feel like you’re part of something bigger.”

However, there is usually a limit to how much each team can grow in a geographic area. Consistent lead generation gets tougher as teams add sales members and support roles.

Hollister, who will be a big part of recruiting more teams for Joy Daniels, said she would like to see teams of no more than 10 to 20 members. Most teams are around that size, according to Real Trends. It found that about 80 percent of U.S. real estate teams have less than 10 people. Many have just two or three members, and only about 5 percent of teams have more than 20 members.

New teams coming into Joy Daniels would still generate their own sales leads, which would allow them to gain more market share and possibly expand into new territories more quickly. Daniels would like to partner with existing teams in Lancaster and York counties, for example.

Try to think of Joy Daniels as the next Jack Gaughen Realty, Chris Daniels said.

Jack Gaughen got started in the early 1960s and grew to a midstate powerhouse with offices across the region and hundreds of agents.

But Jack Gaughen was acquired in 1999 by NRT LLC, the nation’s largest residential real estate company. It is now part of NRT’s Coldwell Banker Residential Brokerage in Central Pennsylvania.

At 65, Daniels said he has no plans to retire or sell the company, though there have been offers over the years from larger firms.

“We didn’t do it to sell it,” Daniels said.

More about Jennifer Hollister

The Jennifer Hollister Group moved from Keller Williams of Central PA to the Joy Daniels Real Estate Group in June.

The team had been with Keller Williams for about two years.

Hollister, who has been in real estate on a full-time basis since 1998, spent the bulk of her early real estate career with Coldwell Banker Homestead Group, where she emerged as a leading agent.

Homestead Group was acquired by Coldwell Banker Select Professionals in 2011. Select Professionals was then purchased in 2014 by New Jersey-based NRT LLC, the nation’s largest residential brokerage. NRT merged the Coldwell Banker affiliate with company-owned Jack Gaughen Realtor ERA to form what is now called Coldwell Banker Residential Brokerage in Central Pennsylvania.

That series of transitions prompted Hollister to move her team to Keller Williams. But it wasn’t the “perfect-fitting shoe,” she said.

She thinks she’s found the right fit at Joy Daniels.

Reprinted with permission from Central Penn Business Journal. Copyright © 2017. All rights reserved.

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About Joy Daniels Real Estate Group


The Joy Daniels Real Estate Group has become the #1 Real Estate Team in the Central PA helping over 600 families achieve their real estate goals each year.


Joy Daniels Real Estate Group is a unique team concept for Central Pennsylvania.


Just as doctors and attorneys specialize, so does each member of Joy Daniels Real Estate Group!


Although, all of the agents are, of course, licensed realtors, our continuing education goes far beyond that - with exhaustive training and practice, giving them the equivalent of a graduate degree in their field of specialty.


Additionally, our customer service staff is the best in the business, specializing in all aspects of servicing our clients throughout the real estate process.


All of our firm's activities are done with a high sense of care over each seller and buyer that we work with, helping each to achieve their dreams and goals...the real joy of our business!


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BUYER AGENT SPECIALIST

The Joy Daniels Real Estate Group - Harrisburg and Mechanicsburg, PA

Thanks for your interest in the Buyer Specialist position for the Joy Daniels Real Estate Team! Please review the position description and expectations below before proceeding with the application, resume & personality profile test.

Description

The Buyer Specialist's goal is to create raving fans of The Joy Daniels Real Estate Group by: converting/obtaining prospective buyer relationships, properly setting expectations of the service experience, properly setting fees & pricing, identifying properties, showing properties, and negotiating offers/replies to inspections to meet and exceed the goals of our clients

Compensation

Qualified associates will create take home pay of at least $50,000 (based on minimum requirements), with the opportunity to create $100,000 or even $150,000 in annual take home income.  This is a 1099 Commission position with no income ceiling.

Responsibilities

- Master all aspects of the sales process.
- Deliver a world class client experience.
- Create raving fans to maximize the lifetime value of our clients.
- Focus on new business development every day.
Qualifications

- Hard working
- Self motivated (this is a 100% commission position)
- Optimistic with a positive attitude
- Coachable, accountable & love a team structure
- Excellent interpersonal skills and love to relate to and serve people
- Real Estate license is a requirement for the position, but not a requirement to apply
APPLY NOW (2 Confidential Options)
Option 1 - Email your RESUME to Opportunities@JoyDaniels.com
Option 2 Call 717-409-5590 for a confidential appointment

7 Tips to Reduce the Hassle of Moving


Moving is an overlooked but important part of the home buying process. Here are some tips to help make it less of a hassle.
There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Do you have a future move planned? Moving can be complicated, especially since moving season is now officially upon us. I want to share seven tips to make the moving process easier for you.
  • Take advantage of move-in off days. Weekends are prime times for moving companies because most of us don’t work on the weekends. However, if you can spare a few days during the week to move, it will save you money. You can also save money by not moving on the day when leases start and end, so avoid the 1st, 15th, 30th, and 31st of the month.
  • Don’t choose the cheapest quote. It can mean the cheapest service, as well. Cheap moving companies will often cost you more in the long run.
  • Pack without emotion. Packing can be a quicker process if you don’t have a sentimental attachment to your items.
  • Have the new place cleaned before you move in. Moving into a new home that is sparkling clean alleviates the stress of having to clean while the boxes are sitting around waiting to be unpacked.
Measure twice, move once.
  • Measure twice, move once. If a piece of furniture doesn’t fit in the new home, consider tossing, selling, or donating it. There is no point in paying to move it if it doesn’t fit.
  • Pack smart. If you end up packing yourself, find friends to help you. Consider having a packing party and supply pizza and beer in exchange for their help.
  • Make sure you know if your city requires a moving permit. Most cities that do require you to get a permit also require you to get it ahead of your move. Some major metros that require it include San Francisco, Seattle, Chicago, Philadelphia, and Washington D.C.
If you have any questions about this topic or are looking to buy or sell a home, give us a call. We’d be happy to help!


    How to Make Your Offer Stand out in a Competitive Market


    Being a buyer in a seller’s market is tough. But these seven tips can put you on the path to success.
    There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

    If you are considering selling a home now is the time. The seller’s market we saw this spring is expected to continue as we transition into summer. Currently, inventory is low. This means that homes will spend fewer days on the market and buyers need to act fast. A market like this easily puts sellers in multiple offer situations. With fewer homes to choose from, especially as they move quickly off the market, your listing may receive many offers. Though this is good news for sellers, buyers shouldn’t despair. Buyers shouldn’t be discouraged by the amount of competition. It is almost always a good idea to make an offer anyway. To help you succeed as a buyer in a seller’s market, I have just a few tips.
    • Give the sellers more time to move. With homes moving as quickly as they are, situations can become complex as both buyers and sellers often try to sell and buy simultaneously. If you give your seller just a couple extra days to move after closing without expecting compensation, they may consider your offer more strongly.
    • Submit a large earnest money deposit. Since your earnest money deposit is part of your down payment, going above and beyond means you are showing the seller that you’re serious about closing. This speaks volumes about your credibility.
    • Show the seller you’re qualified. Nearly every multiple offer will be accompanied by a lender. So to set yourself apart, ask your lender to give you a loan pre-approval letter. This type of letter is different and stronger than one indicating just pre-qualification and makes you and your offer more compelling in the seller’s eyes.
     If you’re a buyer, don’t be discouraged by the amount of competition.

    • Shorten or waive some contingencies. According to federal law, you have 10 days for inspections. However, unless you specifically alter this in your written contract, you have the ability to move the numbers around. Though you should always get a home inspection, sellers will really appreciate it if you tighten the numbers and shorten the process. Another way to tighten things up is by waiving the loan approval contingency—but only if your loan is solid. You may even consider talking to your agent about waiving the appraisal contingency. 
    • Write a personal letter to the seller. Adding this personal touch will show that you are sincere and highlight your intention to buy their property. Additionally, including a family photo can appeal to sellers who consider more than money when it comes to the offers they’re considering.
    • Write your best offer. Don’t try to start your offer off low in hope of getting a counteroffer. Begin with your best, highest offer. Make your offer attractive and above list price if you can afford to do so. 
    • Write a backup offer. Just like anything in life, things sometimes won’t work perfectly. But, this can be to your advantage if another buyer’s pending offer on the home you want falls through. Be prepared, and don’t be caught off guard

    With all of these tips, you should be well prepared to buy in a seller’s market. But we’d like to help. One of our buyer specialists here at Joy Daniels Real Estate Group would like to assist you in reaching your home purchase goal. Whether you’re buying or selling, we are here for you.