Your Questions Answered: "How Do I Become A Luxury Agent?" (and More) episode artwork

EPISODE · Mar 2, 2021 · 36 MIN

Your Questions Answered: "How Do I Become A Luxury Agent?" (and More)

from Real Estate Training & Coaching School · host Tim & Julie Harris - Real Estate Success Coaches

1. What should I expect from my broker? -It's your broker's job to provide a legal place for you to do business, handle earnest money deposits and pay you on time.  That's it.  Anything else is a BONUS to you. -It is NOT your broker's job to provide you leads. -It is NOT your broker's job to transaction coordinate, put out fires or negotiate for you. 2.  How do I raise my average sale price? -The market is doing this FOR you currently, but also... 3 main ways:  Don't choose ONE, do all 3. a.     Socially network your way in. Join the country club, do events, etc. b.     Prospect your way in: For sale by owners, Expireds, Nextdoor.com **Most efficient with fastest results!** c.     Move there and embed yourself in the community. 4.     Should I ignore 'lowball' offers? (as the listing agent) -You are required to present ALL offers. -How you handle a lowball is different if it's your ONLY offer, especially if the house has been on the market a while. -Find out WHY it was low...is that all the buyer was qualified for?  Are they culturally conditioned to negotiate more than you or your seller would like -Counter every offer unless it was low because they buyer CAN'T afford more. -Provide comparables embedded in your counter as 'addendum A'. -Ultimately if the deal doesn't come together, it's a great opportunity to get a price adjustment. Schedule A Free Coaching CallListen on iTunes

1. What should I expect from my broker? -It's your broker's job to provide a legal place for you to do business, handle earnest money deposits and pay you on time.  That's it.  Anything else is a BONUS to you. -It is NOT your broker's job to provide you leads. -It is NOT your broker's job to transaction coordinate, put out fires or negotiate for you. 2.  How do I raise my average sale price? -The market is doing this FOR you currently, but also... 3 main ways:  Don't choose ONE, do all 3. a.     Socially network your way in. Join the country club, do events, etc. b.     Prospect your way in: For sale by owners, Expireds, Nextdoor.com **Most efficient with fastest results!** c.     Move there and embed yourself in the community. 4.     Should I ignore 'lowball' offers? (as the listing agent) -You are required to present ALL offers. -How you handle a lowball is different if it's your ONLY offer, especially if the house has been on the market a while. -Find out WHY it was low...is that all the buyer was qualified for?  Are they culturally conditioned to negotiate more than you or your seller would like -Counter every offer unless it was low because they buyer CAN'T afford more. -Provide comparables embedded in your counter as 'addendum A'. -Ultimately if the deal doesn't come together, it's a great opportunity to get a price adjustment. Schedule A Free Coaching CallListen on iTunes

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Your Questions Answered: "How Do I Become A Luxury Agent?" (and More)

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This episode is 36 minutes long.

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This episode was published on March 2, 2021.

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1. What should I expect from my broker? -It's your broker's job to provide a legal place for you to do business, handle earnest money deposits and pay you on time.  That's it.  Anything else is a BONUS to you. -It is NOT your broker's job to...

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