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Real Estate Training & Coaching School

8 Expired Secrets to Dominate Your Market!

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 9 December 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com Your number one job in real estate is to generate new business. Without a steady stream of new listings, nothing else matters. You could have the most polished listing presentation, excel at pre-qualifying prospects, and even be a skilled negotiator and closer—but without leads, none of that matters. Working with Expired Listings can be a game-changer. When mastered, this lead source can end the feast-and-famine cycle in your business forever. Listings generate more than commissions—they attract buyers, too. That’s why seasoned agents say, “You have to list to last!” Prevalence of Expired Listings: Approximately 15% to 25% of property listings do not sell within their initial listing period, leading to expiration.  Relisting Rates: Nearly 40% of expired listings are relisted with a new agent within 30 days of expiration.  HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:10.2

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

0:18.2

What's really working in today's market, how to generate more leads,

0:21.8

make more money, and have more time for what you love in your life. And now your host, Tim and

0:28.3

Julie Harris. Three, two, one, and we are back and we're going to be discussing with you

0:33.9

the eight expired secrets to dominate your market. Now, by expires, we of course mean expired listings.

0:39.8

And why are we focused so intensely on expired listings this time of year?

0:43.3

Because they're so plentiful.

0:46.0

If you don't believe me, as you're starting to listen to this podcast, I have a little

0:49.0

challenge for you.

0:49.7

If it is possible, would you please log into your local, your local MLS and I want you to do a

0:55.6

system-wide search for all the expired listings in your marketplace and make

0:59.7

sure you search the entire MLS not just a particular particularly small geographic

1:05.1

MLS code area you know the entire MLS and I want you to count how many expires

1:10.4

there's been in the last 12 months.

1:12.4

If you can't do last 12 months, just do the last six months, then do last 90 days, then do last 30 days.

1:18.7

And what you're going to realize is even in a market where it's a hot seller's market,

1:22.5

which there are still those markets out there, there are literally thousands and thousands and thousands of expired listings.

1:28.4

Now, what is an expired listing? Let's just really, you know, drill down. It is a yet to be sold

1:33.2

house. That's it. The seller has had it for sale with another broker. The other broker agent

1:38.5

failed to sell it. It probably had a price condition or location issue. And frankly, it's going to be something that once you have a little bit of skill and you'll have a little bit of aptitude and focus,

1:50.0

you can become an absolute multi-millionaire listing agent focusing purely on expires.

...

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