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Real Estate Training & Coaching School

Real Estate Coaching | 14 Shifting Market Rules (2)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7669 Ratings

🗓️ 18 May 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Todays show is part 2 of, 14 Rules for the Shifting Market Don't overreact! The market is shifting, not crashing. Knowledge = Confidence and Ignorance = Fear. If you expect buyers and sellers to transact with you, you must be educated, motivated and proactive. 5 - If the seller HAS TO sell, you have to take the listing. Don't lose it over being adamant about your price. The market still has enough demand that you MAY be able to achieve the seller's higher price (within reason!).  6 - Brush off your price reduction scripts...wait, what? You don't have any because you've never needed them? Yikes! Yes, it is possible in today's market to actually overprice a listing and have it sit on the market. This is called 'aspirational pricing' and is the #1 reason we see expireds every day. Don't let it happen to you!  7 - Always speak to the listing agent when you're representing buyers. Find out what's most important to the sellers. Other than price, what will make your buyers THE buyers? The buyers who are still in the market after higher rates are more serious and probably more qualified. Assume you'll still be competing for most of the time. Reminder, you promised yourself you would become a HARRIS Coaching client. You are done wasting time and ready to follow a proven path. Now, while you are here make the next natural step and join the 1000s of other agents as a HARRIS Real Estate University coaching member. No more waiting or procrastinating. Join now. Here is the quick and simple enrollment.—-> YES, Enroll Me Now In Premier Coaching. I WILL make NOW my best year ever!  8 - Expect more appraisal issues. Yes, you can still negotiate appraisal gap clauses, but you need to be even more careful that the buyer can handle the difference. Expect the gap to get bigger as the market shifts. Lenders are already tightening their requirements. 9 - Expect buyers to be more and more nervous. This will manifest in a shift toward their negotiating power if there are fewer offers on the same property. Inspections will start to matter again. Free seller leasebacks may dry up.   Quiz:  Please choose one answer: 1) I am ready to join EXP Realty.  2) I am interested in EXP Realty and need more info.  3) I am not interested in EXP Realty.  Key: * If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please) * If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris .  * If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP.

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.

0:30.5

Welcome back. We are on day two of 14 shifting market rules. These aren't really new rules. These are old

0:37.2

rules, but for many of you,

0:38.5

they are indeed new rules. Indeed. Because you haven't been aware of these things because you've only

0:43.0

been selling in one kind of market. As we transition into a more normal market, or at least a

0:47.9

market with different types of headwinds, you're going to have to learn to adapt and change.

0:52.1

In other words, you're going to have to learn new skills.

0:54.7

And don't worry, you can do it and none of these things will cause you too much pain.

0:58.7

I'm not saying they won't cause you any pain.

1:00.8

No, but I really believe that learning and using all of these skills in a shifting market,

1:06.2

and to be honest, this is not a dramatically shifting market.

1:10.3

But these, I really believe from a coaching

1:12.3

perspective and from having lived it with you for many years and many transactions, this is what

1:17.6

makes great agents, being able to handle stuff like this and not just, you know, choose the

1:21.6

best contract. I can tell you, I was thinking about this, what you just said actually after

1:25.5

yesterday, well, during yesterday's pod and after. And I was thinking back to all my most successful coaching clients. And every single one

1:34.0

of them made their, sowed their oats during a shifting market. There were, there were no

1:38.7

exceptions. In other words, they, I would say, got their stranglehold on their individual markets during a shifting market.

1:47.0

They were the ones that were prospecting, say, for example, into buildings in downtown Miami

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