Listen "Episode 55: How we take listings and sell for the highest market value!"
Episode Synopsis
IntroductionWhy the Podcast Name?The name emphasizes that agents who focus on listings make more money and build consistent, reliable cash flow compared to buyers' agents.The podcast and book aim to provide a roadmap to success in real estate.Key Topics DiscussedFocus on ListingsWho to Target: Sellers.Where to Find Them: Identify seller leads.What to Say: Develop a clear presentation to win their trust.Why Hire You: Sellers have options (traditional agents, discount agents, cash offers) — you must stand out.Understanding Sellers' PrioritiesSellers want:Highest Net Price.Speed of Sale.Minimal Hassles and Headaches.The Home Boss SystemWhy It Was Created:Compete with cash buyers and discount agents.Help inexperienced agents present value without relying on personal experience.What It Is:A transparent online real estate exchange designed to:Eliminate traditional selling headaches.Guarantee the highest market value for sellers.Save sellers on commission fees (only 3%).How It Works:Pricing below market value to create demand.10-day marketing period with a 2-day open house.Offers are transparent, creating urgency and competition.Example Results: Record open house attendance (1,224 visitors).Why Agents Deserve 3% CommissionsReal estate agents assume liability for listings.Example: Agents sued for missed water damage, costing $16,000.Agents must establish value to justify commissions.Changing Real Estate Processes Post-COVIDZoom and technology enable agents to list homes without visiting in person.Agents can streamline operations while focusing on the value provided.Strategies to Stand Out as an AgentUse the DUST Formula:Demand: Price homes strategically.Urgency: Set offer deadlines.Scarcity: Limit property access (e.g., only during open houses).Transparency: Make all offers visible to create competition.Marketing Tip: Attract hundreds of buyers to listings, increasing competition and price.Success Stories & ResultsAgents using the Home Boss System achieve:Higher attendance at open houses (e.g., 1,200+ visitors).More offers and higher net proceeds for sellers.Example: Two similar homes sold:Traditional agent: $310K.Home Boss agent: $371K with 42 offers.Key TakeawaysThe industry is under attack (DOJ lawsuits, discount brokers). Agents must raise their value and focus on:Listings (target sellers).Referrals (build strong partnerships).Real estate doesn’t have to be hard — streamline processes, focus on value, and list more homes.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