If You List You Last Podcast

Episode 55: How we take listings and sell for the highest market value!


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Introduction

  • Why 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 Discussed

  1. Focus on Listings
    • Who 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.
  2. Understanding Sellers' Priorities
    • Sellers want:
      • Highest Net Price.
      • Speed of Sale.
      • Minimal Hassles and Headaches.
  3. The Home Boss System
    • Why 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).
  4. Why Agents Deserve 3% Commissions
    • Real estate agents assume liability for listings.
    • Example: Agents sued for missed water damage, costing $16,000.
    • Agents must establish value to justify commissions.
  5. Changing Real Estate Processes Post-COVID
    • Zoom 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 Agent

  • Use 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 & Results

  • Agents 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 Takeaways

  • The industry is under attack (DOJ lawsuits, discount brokers). Agents must raise their value and focus on:
    1. Listings (target sellers).
    2. 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/realestateassetadvisors

Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org

Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com

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If You List You Last PodcastBy Bob Mangold

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