4.8 • 1.1K Ratings
🗓️ 22 April 2022
⏱️ 15 minutes
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0:00.0 | All right, let's go a different direction. This is a really good insight on the buyer side. |
0:11.1 | A modernist approach to LP Momma. For the person that doesn't know what LP Momma is, what |
0:16.3 | is LP Momma? |
0:17.3 | So LP Momma is an acronym for our industry, which I'd love to know who created this. Do you |
0:22.5 | know who created this? |
0:23.6 | What a wild thing, right? Location, price, motivation, agent, mortgage, appointment. I like |
0:33.6 | to make it plural and put an S on the end of it, and add source. So if you break down these |
0:39.7 | things, I don't want to say most people, but a lot of people, especially if you're in any |
0:44.0 | type of furthering your education from a sales perspective in real estate, you've heard |
0:47.3 | of LP Momma. But what I find is that people, it's one of those things that you learn in |
0:52.8 | the classroom, but you don't actually apply, right? And so years ago, I decided I was like, |
0:58.4 | this is great, but how do we make people apply it out in the field, right? So we created |
1:02.4 | some tactics to it, and I'm going to fly through it for time's sake, right? So location. |
1:07.9 | First thing is pain versus pleasure, right? So we all ask our clients, where do you want |
1:13.2 | to live? And I'm in Chattanooga, Tennessee, and I love it when I hear, we're looking somewhere |
1:18.7 | in Tennessee, Carolinas, Alabama, maybe Georgia, and you're like, great. You might want |
1:24.6 | to narrow down a state before we start talking subdivisions. And especially in today's |
1:29.0 | time, it's like everybody's moving from somewhere else in the country. So therefore, they don't |
1:33.8 | know, right? But still, as you get in that conversation, pleasure versus pain, pain. |
1:40.6 | First ask that question, where do they want to be? That's usually the subsurface answer. |
1:46.0 | You've got to get, no, I'm sorry, that's the surface answer. We've got to get to the |
1:49.1 | subsurface answer. So you've got to ask the pain question, okay, where specifically do |
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