Episode #33: Seven sources of new listings in today's market!

03/07/2024 22 min Temporada 1 Episodio 33
Episode #33: Seven sources of new listings in today's market!

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Episode Synopsis

**Introduction**- Host: Bob Mangold, The Listing Coach- Episode: 33- Podcast: "If You List, You Last"- Thank you for listening, sharing, and downloading- Invitation to join the Real Estate Asset Advisor Facebook group**Upcoming Live Podcast**- Topic: Overcoming Objections- Format: Live on Zoom, recorded for future podcast- Join Facebook group for updates and notifications**Market Update**- **New Home Data**:  - Annual sales pace: 619,000 homes, down 11.3% month-over-month  - Revised data shows a 2.4% drop, highlighting inaccuracies in reported figures  - Median home price: down 0.1% month-over-month, 1% year-over-year  - Misleading media reports on home prices  - Total inventory: 481,000 homes, but only 99,000 completed- **Employment Data**:  - Federal Reserve officials claim employment data is inaccurate  - Seasonal adjustments distort the true picture of employment- **PCE and Inflation Numbers**:  - Inflation around 2.8%, excluding food and shelter  - Impact on bond market and potential rate cuts**Listings Insights**- **Market Reality**:  - Despite low-interest rates, certain segments will always sell homes  - Homeowners facing financial strain may consider selling- **Mortgage and Debt Analysis**:  - Example of a widower benefiting from debt analysis and home sale**Sources for Listings**1. **FSBOs and Expireds**:   - Low hanging fruit, essential for agents   - Upcoming class on how to approach these leads2. **Divorce**:   - 67.5% of divorced homeowners sell within 24 months   - Home Boss listing system helps maximize value with minimal hassle3. **Seniors**:   - 58% of listings in 2023 from homeowners aged 55 and older   - Seniors often need to downsize due to various life changes4. **Flippers**:   - Specialized approach to working with property flippers   - Potential for consistent transactions and referrals5. **Probate**:   - Handling inherited properties   - Providing resources and support to families during difficult times6. **Expired Listings from 12-18 Months Ago**:   - Revisiting old expired listings for potential opportunities   - Targeting specific zip codes for better results7. **Airbnb Owners**:   - Identifying struggling Airbnb owners looking to sell   - Researching and reaching out to these potential sellers**Conclusion**- Encouragement to build databases and follow-up systems- Invitation to join the Real Estate Asset Advisor Network for support- Weekly overview webinar on Thursdays- Final thoughts: Importance of consistent effort and strategic planning in real estate---**Links and Contact Information**- Facebook group: Real Estate Asset Advisor- Schedule a call: www.brainstormwithbob.com- Webinar registration: www.creaoverview.com---**Closing**- Encouragement to go out and take listings- Reminder: "If you list, you last."Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisorsVisit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.orgDownload a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com

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