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Real Estate Training & Coaching School

No Homes For Sale? 6 Secret Strategies To Find 'Hidden' Listings

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4705 Ratings

🗓️ 30 November 2023

⏱️ 31 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 Realtors and Brokers, are you relying solely on that buyer drip you set up for your motivated and qualified clients?  Has the drip run dry?  It's time to get more creative, more aggressive, and more profitable with your MLS searches. Today we'll show you how to deploy 5 creative ways to get more from your searches, so you can get those buyers in contract faster. Fact:  The longer you take to deliver what your buyers want, the less faith they'll have in you.  If you've ever been 'ghosted' by clients you showed homes to, this may have been the reason.  Are your buyers being more proactive than you are?  Are they out there doorknocking, sending letters, and going to new builds, fsbos, and open houses? Yikes! You'd better get in front of that. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris Fact:  Finding the right house for your buyers in today's market is a bit like a Safari.  You're looking for something that's scarce but could be hiding in plain sight.  You'll need more tools, and more skills to have a successful hunt! Yes, keep setting up those buyer drips, but ALSO make sure YOU are actively and creatively mining your MLS, using the following five strategies: 1.     Re-examine your buyer's wants and needs. What's a deal killer and what's a deal-maker and why?  If they're adamant about a specific neighborhood, why is that?  Is it because they love the walking trail and the clubhouse?  There are probably 10 more neighborhoods in their geographic search that ALSO have that profile.  EXPAND their search to capture more options!   Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 Spend more time drilling down, getting to know exactly what they're dreaming of.  Why did they choose their current home? Assuming they love it, or used to love it before they outgrew it, what caused them to choose it? Probably that hasn't changed.  Ask good questions, get the answers, and deliver! 2.     If your buyers can't or won't compete for scarce inventory, change your strategy.  Search for homes that have 30+ days on the market, 60 or 90 days plus as well.  You're less likely to have to compete for those, and the sellers are likely to be more motivated to make a deal.  Maybe there's a builder spec home that doesn't have 3 offers on it, something that's back on the market, or a for sale by owner that isn't getting showings. Change your strategy if they can't or won't compete! 3.     Look for new construction, even if your buyers don't think they will like it, add one, well-selected new home at the end of a search for resale homes just to take their temperature.  They may be surprised by how much they like it, considering it's all-new, they get to choose some options and they won't have to deal with repairs! 4.     If you can't find something in the right school district, find out if that district allows out-of-district families to pay tuition.  This is becoming more and more prevalent and ranges from $1,000 per year on up.  Call the district enrollment advisor and find out!  Often the tuition can be made up by the fact that buying out of the district costs less and has lower property taxes.

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. Julie, do you think we have an interest rate problem or a lack of inventory

0:34.7

problem in the United States? We definitely have a lack of inventory problem.

0:39.0

We have for some time,

0:40.2

and there's no reason to believe that the world will start raining magic inventory on us

0:44.4

anytime soon, in spite of all of the prayers of many realtors, brokers, and buyers.

0:48.9

I agree 100%.

0:49.9

And if you want proof that there's not actually an interest rate problem,

0:53.8

well, with that said, thankfully, interest rates are falling. Yes. But if you want proof that there's not actually an interest rate problem, well, with that said, thankfully, interest rates are falling.

0:56.2

Yes.

0:56.5

But if you want proof that it's actually a lack of inventory problem is look at the fact that even with higher interest rates, the average home in the United States still appreciated by, I think, what was it, four and sometimes six or ten percent, depending on your market.

1:09.2

So here we are coming at what,

1:11.7

2023 was the worst real estate market in certainly all of our professional lifetimes in last 40

1:17.2

years. And I don't know if you all knew that, but congratulations. If you live through it,

1:21.6

you get the t-shirt. If you're still listening to this podcast, you have made it.

1:25.0

I survived the worst real estate market in history, and I only have this

1:29.4

stupid T-shirt to show for it. Well, hopefully you have more than that to show for it. But listen,

1:33.1

point being is, is we have an inventory problem, but would the statistics approve and should prove to

1:38.7

you is there actually are far more homes for sale than what you're easily finding on the normal sort of easy button

...

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