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
- 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.
- Understanding Sellers' Priorities
- Sellers want:
- Highest Net Price.
- Speed of Sale.
- Minimal Hassles and Headaches.
- 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).
- 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.
- 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:
- 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/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