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Monday News You Can Use!

November 6, 2023

 

Whew – what a week.  Don’t stress.  Get in touch with your people. 
 
Here’s what I wrote to our REALTOR(R) Association:
 

So – big news in the verdict of $1.7 billion that could triple against several large franchises and the National Association of Realtors.  What does this mean?
 
We don’t know. 

There’s going to be lengthy legal appeals and lots of fear-mongering and “the sky is falling” and gossip.

Stay calm.

The truth is nobody kno

 

Monday News You Can Use!

October 30, 2023

 

 

You need to make over $400K a year to afford a home in these two markets!

Here is an example of a Misleading Headline. “The Rental Market’s Downward Slide: 5 Straight Months of Falling Rents”. However, rents are $338 a month higher than 9/2019. It dropped 1.6% in the past 15 months or $29 a month to $1747 a month.

Scam Alert- Vacant land scammers are out there. I had someone try personally.

17 Renovations that bring joy – #2 is a No-No for me, but the closet renovations look interesting.

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Conversation Advancer of the Week:

Why do agents get paid so much money?
“With the amount of driving, marketing, and other fees that we have to pay in order to be agents and to sell real estate, the commission is not as much as it appears. Especially since we, as agents, are still paying into our company; they take a portion of our commission with each sale. When you factor in that we spend on average 100 hours per transaction, and the risk to you being nothing if we don’t do our jobs and get it sold it’s really quite a bargain. If you feel it’s too much – I’ll be happy to reduce it by 50% if you are willing to pay that fee upfront.”

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 TECH TOOL

CLICK TO DOWNLOAD A BUYDOWN CALCULATOR

 

 ~ Click the links above to download the Excel Sheet ~

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Dedicated to Kayla

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Monday News You Can Use!

October 23, 2023

Good video on explaining your compensation.

Housing crash is unlikely 

Home sales pace way down 

News Homes Providing some inventory relief

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Conversation Advancer of the Week:

We have to sell our house first . . .
  • Got it – seems reasonable. So, do you need to sell before you can buy?
  • Would it help to know how much you could sell your current home for while you are looking for a new home?
  • That’s very common. When would you like to move into your new home?
  • Have you met with a lender to see if you qualify to buy a new home before you sell? Or do you need to sell your current home first?
  • We have three specific strategies that might be of interest:

1) Late occupancy
2) Early Occupancy
3) Bridge Loan

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TECH TIPS 

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With 1Blocker, you’re safe online and nothing will distract you from enjoying sites.

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. 

If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Findable

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Monday News You Can Use!

October 16, 2023

Surprise – Buyers waiting to see what the high rates do to prices
We are asking the FEDs to Stop Raising Rates! 
Rates at 8% – Demand way down!

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Conversation Advancer of the Week:

I absolutely want to. It sounds like a lot of agents have been calling you and you’re telling them the same thing. Has anyone brought you a buyer yet? (Obviously, they haven’t)
Next, ask – Why do you think no one has brought you a buyer yet?

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Tech Tip

for our KanBan Lovers!

Visualize your work with Kanban

The Kanban board gives you an excellent overview of your current work situation.
Visualizing work in a team environment simplifies communication and leads to improved productivity.

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. 

If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Watching

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Monday News You Can Use!

October 9, 2023

Gulp!!! Rates over 8%! I have an accepted contract at 10.25%
And this may help investors  with their rentals
10 Least expensive states to live
Unexpected consequences – tougher immigration laws = harder to find construction workers

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Conversation advancer of the week:

Another agent said they could get us more money
You need to have done your homework, run the stats, and know the numbers. “It’s not about what you say or what the other agent says; it’s about the market.”

“I hear you and get that netting the most money is vitally important. Here’s exactly what’s happening in the market. We have X houses on the market right now, and X houses selling per month. That means X months of supply for buyers to choose from. You told me you wanted to sell your house in X months — correct?

“With X properties coming on the market every month, wouldn’t you agree that accurately pricing the property is important today?

“Your home does have many upgrades and many of the houses I showed you have similar upgrades. That demonstrates what buyers are willing to pay. Do you have any reason to believe that buyers are offering more than the recent closed sales?

“The MLS data is all the same — but some agents will tell you what they think you want to hear just so they can get the listing because they’re desperate to land your business. I’m the agent who tells the truth and can justify your price to the buyers, their agents, and the appraiser. What kind of agent do you want to work with?”

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Tech Tip

Calendly

Calendly is your scheduling automation platform for eliminating
the back-and-forth emails to find the perfect time — and so much more.

           

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. 

If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Creating Beauty!

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Monday News You Can Use!

October 2, 2023

Fall Market is frozen up! 
Buying demand is down as rates rise!
Drones save the day! Interesting article

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Conversation advancer of the week:

Bring me a Buyer!
THE FSBO DOESN’T WANT TO HIRE YOU, THEY DON’T WANT TO MEET WITH YOU, AND THEY DON’T WANT TO HEAR YOUR SPIEL ABOUT HOW CONNECTING SELLERS WITH BUYERS IS WHAT YOU DO FOR A LIVING AND CAN DO IT FOR THEM. THEY JUST WANT TO TALK IF YOU CAN BRING A BUYER WITH YOU ON DAY ONE. THIS IS A TOUGH OBJECTION. TOUGH BECAUSE YOU HAVE TO EDUCATE THEM A BIT ON HOW THE PROCESS WORKS, AS WELL AS UNDERSTAND THEIR CURRENT PLAN, WITHOUT MAKING THEM WRONG OR MAKING THEM FEEL DUMB.

The key here again is to ask the right questions. Get to the heart of their plan by asking them things like “What is your backup plan if no agent can bring you a buyer on day one before even viewing the property?” Or, “Are you looking to have an agent bring you a buyer before they view your home and have a chance to market it?” You can also level with them. Say something like, “It sounds like you have been talking to a lot of agents and telling them all the same thing—has it worked yet?” When they say “no”, now you have a conversation starter and can say, “oh, well why do you think that is?”

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. 

If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Small Sweet Steps

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Monday News You Can Use!

September 25, 2023

Least Expensive States to Live in – West Virginia #1

Happiest places to live in the US – No ranking, but an interesting list

Some interesting ideas about assumable mortgages in this video  and this  https://www.withroam.com/

Why are home prices up year over year?

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Conversation advancer of the week:

We want to leave room for negotiations.
When you give yourself negotiating room – you lose negotiating strength. Generally, room means overpricing. Higher pricing means fewer showings, and more days on the market which means you eventually run out of time and run out of negotiating strength.

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 TECH TIP

If you have an iPad this is great

Splashtop

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. 

If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
It’s a Beautiful Day!

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

 

Monday News You Can Use!

September 18, 2023

 

Read the last line – Chip and Joanna Gaines home for sale. If you could keep it 80% rented that’s $21,000 a month. Over $10,000 a month profit with 25% down.  Can you do the math for your properties?
Mortgage rates are high – demand low  – 7.25%.  Refi’s are non-existent!
This Orlando story applies to most of us.
Click Bait: “Foreclosure ticks up,” BUT only 3,350 homes NATIONWIDE were repossessed in August (about 40,000 a year pace) – with an expected 4.8 million sales or only 83% of the market. Don’t buy any courses 🙂 
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 Real Estate Conversation advancer of the week:

When they say: “We decided to save the commission and sell it ourselves.”

What you could say: “I agree that you can save on commission by selling it yourself — we all like to save money. I mean, I shop at Costco too, but did you know that today there are X houses for sale and that last month only Y actually sold?

“That’s an X-month supply of houses if no other homes come on the market, and only 4 percent of all houses sell by owner, which means real estate agents sell 96 percent of houses listed.

“Most top agents and buyers who are serious will never look at at an FSBO [for sale by owner], and the buyers who will consider buying a FSBO will want to save the same commission that you’re trying to save. Statistics show that FSBOs sell for almost 6 percent less than houses listed with a professional. That means you could have me market the house and pay my fees — and still walk away from the settlement table with more money in your pocket than you would if you sold on your own.

Are you ready to put me to work?”

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Your Coaching Matters Supports Agents and Brokers to
Elevate the Professionalism of Real Estate. If you are not a member, will you join us at
https://www.facebook.com/groups/CoachingMatters?
Buying Investments

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

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