Hey guys, new study from Harris Interactive—interesting study—found that every American knows four people who are going to move next year. I want you to put that in perspective.
Let's say you're a real estate professional and you have just a hundred people in your database. You might say that's not enough to make a living. The reality is those hundred people know 400 people who are going to move.
What percentage of those would you need to have a complete transformation in your career? To actually 10x your performance from last year?
So then the question is: if that's true, how do I get my arms around that business? What am I missing? What am I doing wrong?
I'm going to give you two things you're doing wrong...
First one is going to be hard to hear: people don't look at you as referral worthy.
What does that mean? It means when they look at you, they're thinking, “I don't know if I could trust him or her with a referral,” because they don’t know you're a hardworking agent.
Why do...
What’s your response when the buyer says to you, “I think we're going to put a pin in this right now. We're just going to wait and see what happens with the market.”
Your first response should be, “Hey, totally understand. Let me ask you, what do you see as the advantages to waiting?”
Dig deeper. Figure out what's going on in their heads.
Most of the time they're going to say that they’re waiting for interest rates to drop or prices to fall.
When you hear that, what are you going to do?
You could say, “Well, we'll wait and see with you,” and then follow up in six months. But if you do that, they'll end up signing up on some lead form, getting captured by another agent, going to an open house, or being connected with someone else through a referral, and you're probably going to lose them.
That's the reality.
So instead of doing that, here's what I'd recommend.
Say, “Hey, totally get it. Waiting for interest rates to stop seems like a safe bet, seems like the wise decision to mak...
I just interviewed my good friend Garrett Maroon, who’s going to be on my podcast soon. Garrett shared a powerful concept called, “The Recipe Approach.”
Here’s how it works:
We all probably have a mom, grandma, aunt, or someone in the family who’s a great cook. They make delicious meals because they have a recipe that works. For example, when baking a cake, they use the right mix of eggs, chocolate, flour, salt, and so on. They follow the recipe, put it in the oven, and after a set time, they get a delicious result.
Top real estate agents operate the same way.
They’ve each figured out a recipe for success. For some, it may be like baking a cake. For others, it’s more like muffins, pies, or cookies. The point is: they’ve found a formula that works for them.
Once they have it dialed in, they keep baking the same cake over and over. Why change something that works?
Of course, when people start out, they don’t have their own recipe. They experiment, make mistakes, or follow someone e...
Okay, guys, do you ask the seller what they want to list the property for?
When you walk into that listing appointment, do you say, “Hey, do you have a price in mind?”
If those words are coming out of your mouth, it’s a mistake, and I’m going to tell you why.
Because when the seller voices that number, I believe they start to solidify around it. They begin to take a position. And if they feel like they’re being backed off of it, they may feel like they’re losing face. So they start defending it even more—especially in front of a significant other, a spouse, husband, wife, whoever.
They feel the need to defend that number.
So what’s the alternative?
Don’t encourage them to state a price.
Sometimes they'll volunteer it anyway, but don’t prompt them.
Instead, try saying this:
“Hey guys, I brought in a lot of data for you. I’m a data person, and I believe that to make a really good decision, you just need really good data. So I bring in all kinds of information that helps with pri...
As a REALTOR, you've heard the word farming, right?
Well, I want to give you a different thought process on farming that I think will be really unique:
Instead of doing a shotgun approach where you're sending out a generalized postcard or letter (which can be effective if done right), I want to introduce you to what I call “Vertical Farming.”
So instead of reaching out to 200 people, reach out to 20. And with those 20 people, go deep.
Here’s how: I might send them a CMA or a neighborhood report (both of which you can generate for free at NAR.com if you're a REALTOR). That system allows you to create a beautiful 81-page report on someone’s home anywhere in the country.
You can choose between a seller report or a neighborhood report (which might be shorter, maybe half the size).
Then, add a cover letter that says something like:
“Hi, my name is Jim. I'm with ABC Real Estate. I'm reaching out to a select handful of people in your neighborhood today to give you a quick update on you...
Hey guys, did you know that there are 32% more listings on the market today than there were a year ago at this same time?
We're still a bit below pre-pandemic levels, but we’ve climbed past 2023 and 2024 numbers. Sellers are coming back to the market.
But here’s the thing—we’ve got a lot more competition, and while pending sales are higher than last year, they’re not absorbing inventory as quickly as they used to. That means market times are going up.
When we're talking to sellers, it's really important to help them understand what’s happening in real time.
One strategy for doing that is called the Buyer Eye Strategy.
What is the Buyer Eye Strategy?
It means when you're sitting with a seller, you say:
“Hey Mr. and Mrs. Seller, I'm going to set you up just like you're a buyer in this market—someone looking for a home just like yours in the same price range. That way, you’ll be able to see when new listings hit the market, when there are price reductions, when homes go pending, an...
When we're talking to our sellers and giving them feedback each week about what's happening in the market, it's really important that we educate them on a few things that often get missed.
One of those is the power of virtual showings.
So what’s a virtual showing? A virtual showing is when someone visits your listing online. They may or may not come see it in person, but that initial view online is still a strong signal. It means your marketing is working—it's attracting people to look at the listing on Zillow, Realtor.com, your own website, or the MLS.
From there, the buyer decides: Is the listing priced right? Does it look like it’s in great condition? Is it staged properly? A number of other factors come into play once they arrive at the listing page—but your job is to get them there.
And when you’re talking to our sellers every week—and this is how you earn price adjustments, by the way—you need to bring up virtual showings.
Right now, price adjustments are on the rise. About ...
If you're a brokerage owner or team leader, I’ve got a question for you:
What drives market share? When you look at a ranking report of your company or team against others in your market, what drives that market share higher?
If you want to go from 1% to 2% or from 5% to 10%, the number one driver is your ability to recruit experienced agents. Here’s why: As you recruit these agents, their production gets added to your team’s numbers, and your market share will rise.
But what we often forget is that when you pull an agent from Company A to your company, Company A's market share goes down, and yours goes up. So, you get a double whammy—Company A goes down by 1%, and your company goes up by 1%. That means the spread grows by 2%.
By focusing on recruiting experienced agents, you grow your market share that much faster.
If you want a path to start doing this and dive into recruiting experienced agents, head over to our website at eRealEstateCoach.com. Check out the new webinar I creat...
Here's a question for you:
If I were to look at your website today—pull it up and review it together—would it truly represent the market or niche you serve? Would it showcase what you actually sell?
Or would it just be a big, beautiful picture of you, with no clear indication of your market? If your website doesn’t clearly reflect your niche, that’s a mistake. Your website should visually and contextually align with the market area you serve. The photos, the language, and the messaging should all match your target audience. This is key to becoming a hyperlocal agent.
A hyperlocal agent is someone people immediately associate with a specific market. So take a moment today and analyze your website—does it truly reflect the area you serve? Making this small adjustment can significantly improve engagement.
Now, let’s take it a step further. Look at your social media. Are you a strong representation of your market there? Are you showcasing all aspects of your local area? Do you have a Y...
Okay, guys, here’s some great language to use with buyers who are on the fence. When you’re following up—because we should all be following up—you can say something like this:
“Hey, I just wanted to touch base with you and let you know I’ve been thinking about you. Now that we’re in a new year, I wanted to talk to you about all the new listings starting to hit the market. February, March, April, and May are when we see the most listings, which means the most opportunities. In fact, we have 10% more inventory on the market this year compared to last year. So, I wanted to reconnect and see if we could start looking at some properties together.
“Now, I know you might have some concerns about pricing and finding the right value. Here’s the key message: When you work with me, we’re not buying the market—we’re buying a specific home. My job is to ensure you get the absolute best pricing and value on the home that fits your needs.”
You can also add a personal story to connect with them, li...
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