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Rich Levin's Real Estate Blog

How Bad is Your Listing Presentation

Sorry about the tone, I wanted to get your attention, particularly those of you who know that your listing presentation needs help.  

An Agent with three years experience just started coaching with me.  She did her listing presentation for me.  It was clear that she had never had professional help on it. 

A few keys, she was doing a two step approach.  Many good Agents do a two step.  The first step is just looking at the property and having an informal rapport building conversation with the owner in which you also subtly probe for motivation and urgency.  This Agent was sitting down and presenting her entire marketing plan, then coming back the second step for pricing the house.  This is a bad approach for a lot of reasons.  The point is that she didn’t know better.

There were almost no questions.  She talked on and on without asking a question and without checking in to confirm the level of attention and understanding.   Presentation is really the wrong word for a listing presentation.  It really needs to be called a Listing Consultation or better yet a Seller Consultation.  A consultant is continuously asking questions to understand the situation.  Then as he or she presents possible solutions, a consultant continues to ask questions for two reasons.  One is to ensure attention and agreement.  The other is to create positive (yes) momentum. 

As she was discussing her marketing plan for the property she reviewed the listing contract, and then at the end presented pricing. This structure is very weak.  There is a simple strong structure for a listing presentation; build rapport, present marketing plan, present pricing and value, review Seller’s expenses and net, review paperwork and ask for a decision. 

The point of all this for you is this.  Do you have confidence in your listing presentation?  If you don’t, get with your Broker, Manager, a Trainer, a Coach, or work with a successful Agent.  Get professional help.  Even if you think your presentation is good but you don’t have real confidence in it.  Work on it with someone that will be really honest with you about it and who can help you make it as strong as possible.  Don’t let this weakness persist.  It will erode your integrity and your confidence.  

Four Quick Daily Keys to Survival in This Volatile Market

Every day on our Free Webinar (www.FreeCoachingWebinars.com) we reinforce four things that lead Agents to survive and succeed in this market.

  1. Remind yourself every day, at the beginning of the day, what you want your Real Estate career to do for your life; and why you want it.
  2. With that in mind, consciously and intentionally put yourself in an empowering attitude, a positive mental and emotional state by using the triad of your physiology, your focus, and your self-talk.  In its simplest form stand up, stomach in, shoulders back, chest out, and smile.  Focus on what would make it the best possible day.  For the self talk, use affirmation, expressions of gratitude, prayer, or whatever leaves you feeling good and strong.
  3. With that positive mindset look at your numbers.  Look at your weekly, monthly and year to date goals.  This is tough sometimes.  That is why you want to establish that empowered state before you look at your where you stand in relation to your goals.  (On the daily webinars we teach you how to set those goals in the simplest and most effective way.)
  4. Then with your focus on what you need to accomplish to reach your goals open your calendar to organize and prioritize your day.  We recommend some consistent priorities for specific days, prospecting, marketing, technology, service, skill building, and planning. 

These four steps will take as little as ten minutes; up to thirty if you really get into it.  This daily habit gets you motivated, focused and into action.  At the same time it gives you the perspective to not get caught up in petty distractions, stay focused on your goals, and build greater confidence in every action and every decision.  

The Best Answer to “How’s the Market”

Regarding Real Estate is the worst of times and it is the best of times.  It is worst for those who are out of work, out of money, and in debt.  It is the best of times for people who have some cash, decent credit, and a secure job.  It is best for them because prices are soft and money is available at low rates.  Is that true?  You as the Agent have to see it and believe it.

Once you believe it then you can turn the question, “How’s the Market” into business with the following strategy and script.

Two parts: Answer the question honestly and directly; then ask the question that you most want to ask.  The question you most want to ask is this.  “Why do you ask?  Are you guys thinking about doing something or know someone who is?”  Or, “Why do you ask?  Are you guys thinking about making a move or know someone who is?”

And here is a sample of answering the question as honestly and directly as possible, “It’s horrible, for the people with no jobs, damaged credit, and debt.  It’s actually a time of terrific… amazing opportunity for people with secure employment, some cash, and decent credit.  Why do you ask?  Are you guys…”  Or, “Here in (area), there are not many houses on the market.  So when houses do come up they are selling quickly.  At the same time in (other area) there is a lot of inventory so prices are soft.  So, there are problems and some amazing opportunities.  Why do you ask?  Are you guys…”

Notice two things.  The answer is direct, honest, and it shows insight and intelligence from the Agent.  Also notice the question following the answer.  Whether it is true or not respond to the question, “How’s the market?” as if half the people who ask it are asking because they are thinking of buying or selling; or asking for someone who is.  They probably are. 

Please be our guest... Live Skills Webinar

Five Simple Steps to Control Your Time
Join Rich Levin for a Webinar on Thursday May 12, 11:00 AM EST
Space is limited.
Reserve your Webinar seat now at:
585-244-2700
E-mail: Chava@RichLevin.com
The bad news is that a successful Agent is always in a state of disorganization.  There is too much going on for it to be any other way.  The good news is that there are simple steps to gain as much control as possible.  It does not involve an unrealistic schedule of time blocking.  It does involve structures with smart flexibility. 
There are a few simple tools that nearly every Agent already owns but may be using improperly.  There are couple simple systems  that put all the pieces together.and require almost no time to learn.  Organization and time management can be an Agent's biggest curse and most costly weakness or the key to their continuous growth, success and confidence. 

Cost: $9.99 to non coaching clients

This Webinar is FREE for all Rich Levin's coaching clients.
Title: Five Simple Steps to Control Your Time
Date: Thursday, May 12, 2011
Time: 11:00 AM - 12:00 PM EDT
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server
Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer

Top Agent Interview with Successful Young Agent about Investing

 
Kyle Killebrew is a Top Agent selling over 100 properties per year. He is also creating personal wealth by adding multiple investment properties to his portfolio every year. We are very excited to have Kyle share his experience and advice on this complex topic.
  
If you invest now or ever considered investing, you don't want to miss this one!
  
In this skills webinar you will learn:
  • The Pros and Cons of Personal Real Estate Investing.
  • Tips Before you Get Started.
  • The Criteria of a Good Investment. 
  • The Financial Implications of Investing.
  • How to Build Personal Wealth through Real Estate Investing.

Register NOW
Just $29.99

Prevent an Objection

Preventing and Handling real estate objections are a skill that needs to be learned and cultivated over time.
Rich shares with you in this short video how to prevent objections before they arise.

http://www.youtube.com/watch?v=QzFpPTwNG-I 

Prevent and Handle Objections to Win More Business

Our next scheduled skills building webinar will be held Thursday, March 10 at 11:00 AM EST and it's going to be available to everyone. 
 
We are going to open this event up to any one that wants to participate. Come listen and learn from the best. This is just one of the great benefits of the Daily Coaching Program. You will more then cover the costs of the program by the ideas you will learn from this one event alone. The webinar replay and workbook will only be available to RLSC coaching clients.
  
Register Now  then forward the link to everyone in your office. You won't be disappointed.

DETAILS


Topic: Prevent and Handle Objections to Win More Business 

Date:
Thursday, March 10

Time: 11:00 AM EST (10:00 AM CST, 9:00 AM MST, 8:00 AM PST) 

 

Cost: COMPLIMENTARY     REGISTER NOW 
 

MARK IT ON YOUR CALENDER NOW

The Addictive Cycle

Addiction: The condition of being habitually or compulsively occupied with or involved in something.

We have always been taught that addiction is negative but I would like to suggest that you can have a positive addiction. You could choose to have the addiction to “knowing your numbers” in your business or “improving your personal life” for example. An addiction used the right way can be very powerful and motivating.

I would like to share with you two charts, the chart on the left is the negative addictive cycle and the chart on the right is what it looks like when it is positive. Think about an aspect of your life that you would like to improve.
You could choose to create a positive addictive cycle to accomplish it.

  

1st Fifteen Guest Speaker

Friday, February 25, we are going to have a guest speaker talking about how he goes about discussing issues with the house during the Listing Presentation. I thought it was pretty interesting.
We are hoping to have more guest speakers throughout the year to get different perspectives, ideas and thoughts on a wide range of topics.
We are committed to bringing you our best each and every day.
If you haven't yet registered for our Free Daily Coaching Webinars, take a moment to do so now.
https://www2.gotomeeting.com/register/693960530  Yes they are completely free!

Daily Habits

Two of the most frustrating challenges to a Real Estate Agent’s success and happiness are Time Management and Organization.  The business is demanding.  Demands on your time are often sudden and unexpected which causes chaos and frustration.  These unexpected demands often derail an entire day or even days of your time. On top of all of this you still have activities that need to consistently be accomplished. These activities can be built into scheduled habits.  The secret that allows you to have quality of life as you increase production and income is to develop the systems, knowledge and skills of these simple daily habits. 

  • Monday - Make Appointments and Lead Management
  • Tuesday - Advance Technology and Presentation Rehearsal
  • Wednesday - Traditional Marketing
  • Thursday – Quality Service 
  • Friday – Thinking and Strategizing

We teach this system with very effective results that Agent’s find easy to implement into their business. They are reinforced everyday on our free live coaching sessions.