During the past few years, I would talk with agents across North America, and I could tell there were going to be some bumps in the road. I would ask the agents to be just a little bit more careful. I would ask them not to get the 95% interest only loan. I would ask them to save a little money and not buy so many toys. I would ask them to watch their overhead and initiate new lead generation systems that would supply a fuller pipeline.
It’s tough when you’ve built your business and your reputation in a town then you move to an entirely different area to start all over again. How do you start over again? Maybe this Q&A exchange will help with your quandary.
Below is an exchange with a seminar attendee. He is having trouble with a FSBO mill in a good market. You know great markets are not forever, but if they were, you are still better than the discount that they give!
Sometimes to implement the concepts in this system, you have to make room for them in your business plan.In my career and now in coaching some of the top agents in
North America , it has been proven that an agent must free up time and energy doing low-profit, low-priority, and sometimes down-right stupid activities.
Getting a large group of homes from a builder can be massively profitable. How do you beat the competition? Well, one of my coaching clients asked that of me the other day, and I shared some of my secrets.
As you may suspect, the commitment to buyers differs based upon location, type of product, market conditions, and the real estate agent. We have always received evidence that top producing real estate agents work with fewer buyers and more sellers. Even in this age of instant information and aggressive technological-tracking, this still seems to be a pretty safe bet, especially in our "new" market...
The buyer side is the weak side.It is a refuge for agents who don’t prepare.I know these are harsh statements; however, agents who continually think about this business, practice in this business, and are successful in this business consistently carry large listing inventories...
It’s Tuesday morning and everyone knows they need to be there for the office meeting. Most office meetings are a combination of the announcement of new listings, new rules imposed by the office, board, or state, legal updates, and maybe a quick snippet from a local affiliate. If you’re at all like me, you don’t look forward to these mornings.
Many times, the disappointment of obtaining a lead and losing a listing presentation to the competition can knock the wind out of you for a few days so let me propose a semi-controversial method of determining how you can learn from your possible mistakes.