Real Estate Agents (and Brokers) How To Recession Proof Your Business (3)

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7 • 669 Ratings

🗓️ 2 August 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's official, the RECESSION is here. How will this affect your real estate business now? What if you knew for sure that everything in your real estate business will be completely different? How can you recession-proof your business? Knowledge = Confidence and Ignorance = Fear. Get out of fear and into confidence. The market shift has only just begun. PART THREE: 11. Stop buying leads and anything speculative. If you can't track actual closings to it, why are you spending time and money on it? You can't count on the buoyancy of the market and Fear of Missing Out (FOMO) to keep your momentum. You must be proactive. 'If it's meant to be, it's up to me!' is your new mantra. 12. Every team member must be a profit center. No riders, only rowers! Your transaction coordinator and assistant also have centers of influence...bonus them for being proactive and bringing you listing and buyer prospects. Join Tim and Julie Harris's Exclusive PREMIER COACHING 100% FREE: https://members.timandjulieharris.com 13. Don't be drawn to REO and Short Sale peddlers. If the market shifts to that degree, we'll be educating you on what to do and when. Currently, distressed property is less than 2% of sales. Refer to our series about why the market is a shift and not a crash for details on why this is. 14. Keep your body and mind in good shape. You don't want to deal with a health issue at the same time as a market shift. Get involved in Orange Theory or Crossfit or Zumba to both stay fit AND expand your Center of Influence. Talk about real estate all the time using our FORD script. 15. Create a Transaction Fee profit center. $497 x 20 transactions = $9,940 more profit for you. If you're doing 50 transactions/year, that's $24,850. Join Tim and Julie Harris's Exclusive PREMIER COACHING 100% FREE: https://members.timandjulieharris.com LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh LATEST REAL ESTATE NEWS: https://bit.ly/3Obuhs2 EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. Tim and Julie are honored to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Tim and Julie's EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU #realestatetraining #joinexprealty #realestateleads #timandjulieharris #realestatesecrets #realtor #realestatemarketupdate #realestatecoaching #negotiationsinrealestate #themodelexplained #exprealty #joinexprealty

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, make more
0:22.2	money, and have more time for what you love in your life. And now your host, Tim and Julie Harris.
0:30.3	Welcome back. This is part three and had a recession proof your business. And we are going to get
0:34.7	to our next point here in a second. I wanted to share with you guys a headline which kind of made me laugh today.
0:40.0	I'm going to read it to you and Julia will read the punch lines.
0:43.3	So the head of the topic, the subject line, if you will, on CNBC for this, you know,
0:48.7	doomy and gloomy real estate story is home price is cooled at record base in June, according to housing data.
0:57.5	So, right, you're thinking you're going to read that. It's going to sound really, really bad for
1:01.2	housing. But here are the key points. This is great. Okay, so the first, home price gains are
1:07.1	cooling fast as demand wanes and supply builds, more drama.
1:11.3	Boom, boom, boom.
1:12.4	Okay, but here's the punchline.
1:13.7	The annual rate of price appreciation fell two percentage points from 19.3% to 17.3%.
1:23.0	Oh, woe is me, right?
1:25.4	So price gains are still otherwise strong because of an imbalance between supply and demand.
1:29.9	The housing market has had a severe shortage of supply for years.
1:33.2	And it's going to have a severe shortage of supply for years and years and years.
1:37.0	But it's just fascinating to me how obviously CNBC is trying to get people to click on information
1:43.5	that is making housing sound like it's going
1:46.6	to be in the doldrums in a meaningful way. So I'm here to tell you guys, if your year over your
	...

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