Have the past few months been a real doozy to your real estate biz?
If you’re like many other agents out there, you’ve been riding out these past few months like a SoCal surfer looking to catch a wave on Lake Tahoe in the middle of winter.
Maybe you’ve had an interested buyer here and there, but they back out last minute or say they’re “waiting” until the market has stabilized. Meanwhile, your bank account is slowly getting depleted from zero closings and sad buying Chinese take out.
Unlike the economic crisis of 2008, the current recession was not caused by the housing industry
Home prices have not decreased since March and are not projected to
Homes are still selling and deals are happening
So what can you do differently?
I have a few suggestions:
This happens like, never. Ever.
If it does, go you!
But the reality of this happening is about as common as your jam coming on and everyone at the party doing a coordinated dance routine to it. It is up to you to pick up your phone and make a call! If you don’t, someone else will.
And if you’re nervous about what to say, I’ve got a few great scripts for that here. No excuses now, get calling!
Not having a system… is a system.
Believe it or not, you have things that you do every single day without even realizing it. You wake up, brush your teeth, run a comb through your hair, grab a cup of coffee, and start trolling the IG = A SYSTEM.
You may be doing this subconsciously, but it is still a system.
Many of you may be starting out and have no idea what kind of system to use. I mean, there’s just so many to choose from!
You have Real Geeks, Boomtown,...
I am best known for my "Get in. Get out." method of business. The typical amount of time I spend on getting a client pre-approved and under contract is an average of 7-14 days. Not that I don't looovvvee spending time with them - my clients are my favorite people! However, in the current market, if you don't act fast, you've already lost before you've even submitted an offer.
Do you want to know how to get your clients under contract in 7 days? Well, keep reading!
Ask the right questions.
Learn their wants and needs and listen intently to their motivation. Stay within the parameters of their criteria.
Don't show them property over their price range or projects when they have asked for move-in ready. Show them EXACTLY what they need and don't go beyond those boundaries.
Obtain a copy of the pre-qualification letter from the lender and do not start showing them property until you...
Have the “First Phone Call” jitters? These are three excellent ice breakers I ask in every single prospecting call to cover my behind AND pre-qualify clients.
This question will help you establish agency and begin building rapport with your client. This is one of the most important questions and will set the expectation that this is a professional business call that you should be asking this question every time, every time, every time.
Even if they say “no” the follow up should be:
This will help cover your behind from getting sued. It will keep you out of commission disputes, and most importantly, establishes a sense of professionalism. Keep in mind, sometimes they either don’t know if they’ve signed agency or they aren’t being totally...