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Real Estate Training & Coaching School

How to KNOW if your market is changing (Part 2)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 13 July 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

How to KNOW what is happening next in your real estate market: Why does it matter? Pricing is affected! Seller and buyer expectations shift. Price reduction scripts become necessary. Spokes of your lead generation wheel may shift. Commissions are effected; changing markets mean prospects need you more! Because prospects need you more, you'll be competing more often for the best business (most motivated). Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher

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.

0:22.1

Real estate coaching radio is the nation's number one daily radio show for realtors who

0:27.1

demand authentic real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty

0:33.5

about what's truly working to get you into action, helping others, and making money now

0:38.3

in today's real estate market.

0:40.5

Now to our hosts, Tim and Julie Harris.

0:47.0

Is your market changing?

0:48.6

That is the question that you need to be asking yourself.

0:51.9

And the answer, by the way, if you don't want to take the time, is yes, of course, it's changing.

0:55.1

It's always changing.

0:56.3

But the real question is, are we starting to enter into a buyer's market?

1:00.3

Yesterday on the podcast, we gave you some real drilled-down ways of going about figuring that out for yourself.

1:06.0

Everyone's market's different. different and even in your market there is no one market so you really have to you know again drill down to understand the nuances of what's happening but the

1:13.8

bottom line is is there's no question and no one should be in doubt that we're

1:18.4

entering into a we are in a changing market which means that it's going to

1:22.3

eventually become a buyer's market and then it'll basically become a balanced

1:26.4

market it's not going to just go from a seller's market to'll basically become a balanced market. It's not going to just go

1:27.9

from a seller's market to a balanced market, a balanced market where there's like, you know,

1:32.2

three or four months of supply of homes for sale, you know, where the process is relatively predictable,

1:37.8

the timeframes are predictable. When you see a transitioning market like this,

1:41.9

what always happens is it's going to overcorrect.

1:45.5

It's going to over correct on the buyer side, just like on this side, on this time around,

...

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