EAM: Estate Agency Mastery with Chris Buckler

Episode 13 - Estate Agency Mastery with Perry Power


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Perry is one of THE most forward thinkers in our industry! After ten years of running his own business he starts off by saying he is obsessed with both marketing and negotiation. His first tip is that negotiation is everything and that you need to master it. From fee, to negotiating the best price the market will allow. Perry offers a negotiation diploma and makes sure everyone in his business. Perry affirms that 80% of estate agents haven't had negotiation training. Chris Voss has a MasterClass on negotiation and Perry also offers a course on this once a year. The key takeaway here is that by being obsessed you can be the very best agent for your client. Perry NEVER accepts the first offer and advocates that you need to create your own style and process. 

His second tip is based on the American model in that buyers should have representation as well as sellers. One of his agents charges 2% to help negotiate and manage the onward purchase. As estate agents, we aren't just the selling agents. Chris probes Perry on the public not accepting "would you like to do what I do to get houses for sale, but directly for you"? The key thing here is that if you are remarkable, it isn't actually that hard. Chris points out buyers remorse often occurs and it would be far less likely with buyer representation. Perry automates a text asking "if I found you a property would you pay me 2%". Text is key here rather than email and Perry highlights that he gets a 6x return rate. The overall point here is that if you don't ask, you don't get.Circling back is that all the public are employing is your ability to negotiate. 
Perry's third and final point is that all debts should offer auction, rather than just private treaty. Often agents don't pose the best solution for the client. He goes further and pushes that all agents should be able to offer all parts of agents (including lettings, auction) to the client. This allows real fiduciary advice to be given. 
Chris ends on asking Perry where he gets his info to be a better estate agent from, and which he promptly replies with YouTube where you can find this podcast (https://youtu.be/PwjIsjM0G5Y)

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EAM: Estate Agency Mastery with Chris BucklerBy chrisbuckler123


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