THE HOUSING BUBBLE IS SIMPLY YOUR BUSINESS BUBBLE | Mindset Mastery with Host AZ Araujo

 

Our topic is "the housing bubble is simply your business bubble." What is meant by this is: if you keep struggling with the current real estate market and wishing things were different, your business will suffer.

Holding onto how the real estate market used to be will hinder your progress while the industry continues to move forward, with or without you. It's your responsibility to change your perspective on challenges and adapt to the changing market to ensure your business thrives. It's crucial to shift your mindset and approach obstacles differently.

A housing bubble occurs when prices rise beyond what is considered reasonable or sustainable. Currently, we're seeing more market share change hands, driven not by investors or corporations, but by end-users. This is the peak of where interest rates are going.

If you refuse to pivot and learn how to sell within these parameters, then expect the next twelve months to be very dire for you. Failing to adjust might lead to your business bubble bursting, pushing you out of the market.

Anticipate a bland market; not a flood of inventory, foreclosures, or interest rate hikes. To survive and succeed, your work ethic must change. The past ways of doing things are no longer effective.

You must learn what the parameters and the rules of the new game are, what kind of conversations you need to have, and what gets your clients excited to actually make a decision on buying or selling. The players will always pivot. The players will always expand under any condition. You have to decide where you're going to be.

 

QUESTIONS TO CONSIDER:

Why is it crucial to adapt your mindset and strategies to the current real estate market?

Who is currently driving the significant market share change in real estate?

What risks are associated with clinging to unfounded fears and excuses?

How can adjusting your work ethic and strategies help you thrive in the current real estate market?

 

NOTABLE QUOTES:

"If you continue to dwell on how the real estate market used to be, the business is going to continue to move on with or without you."

"Are you willing to pivot and do what's required to participate in today's market?"

 

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