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If You Don't Ask, You Don't Get

Agents in Action

Release Date: 09/23/2016

Should Sellers Price High to Leave Room to Negotiate? show art Should Sellers Price High to Leave Room to Negotiate?

Agents in Action

This is a very common misconception sellers have when listing their home for sale. Time on the market is the #1 enemy for a seller. Historically, we know the longer a home sits on the market for sale, the softer the price becomes. In this episode, I want to share one approach that's worked well for me in these situations. Should you decide to incorporate this into your business or not, the main purpose of discussing this is to be sure you have your go to script, plan... whatever you prefer to call it. Our ability to effectively deliver our responses to common objections such as this can be the...

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Three Lies Robbing Your Productivity show art Three Lies Robbing Your Productivity

Agents in Action

I am noticing a pattern that keeps showing up lately during conversations I am having with many agents.  Since this seems to be so prevalent, I thought we could talk about it today as it’s likely something many of our great agents in action are experiencing.  Even though a simple, and even a common topic, it’s one that is (in many cases) costing you $10,000’s and even $100’000’s in lost income opportunity.  Ultimately, this shows up in our lives many ways.  Sometimes, it’s having more month than money left at the end of each month...day to day lifestyle choices,...

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Four Ways to Boost Confidence When Pricing Properties show art Four Ways to Boost Confidence When Pricing Properties

Agents in Action

Four Ways To Boost Confidence When Pricing Property Typically, when preparing for a listing appointment, most agents will leave their pricing research to a desk review over their computer.  If you want to outperform your competition and at the same time...dramatically boost your confidence, go the extra mile and consider implementing these steps to maximize your confidence and accuracy. 1. Preview property every 10-14 days to give yourself a stronger knowledge of your local market, and it will give you more confidence in pricing during the listing presentation. The more real estate you...

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Personality Styles 101 show art Personality Styles 101

Agents in Action

Personality Styles 101 - Today we’re going to discuss the D.I.S.C personality styles and how to use this system to have more influence with anyone you are speaking with, resulting in a higher level of communication and ultimately, developing these skills will be an asset to close more business or, increase your overall effectiveness when putting deals together. It’s was something I learned early in my career...probably 20+ years ago now. What’s interesting is I use what I have learned probably on a daily basis, if not several times a week. Knowing first who we are and then, to...

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The Top 5  Ways Money is Leaking Out of Your Business show art The Top 5 Ways Money is Leaking Out of Your Business

Agents in Action

Most Realtor's suffer from the same money leaks in their business and do not even know it.   This episode of Agents in Action recap of the most common money leaks or “gaps” I noticed among the agents I have been coaching or met at speaking events this year. It was interesting to me to see these same patterns repeating themselves across the board. It was so consistent, that I wanted to go through these with you so you can take a look at what you’re currently doing in your business.  If you can, grab a pen and paper so you can write a few things down as we go through a few...

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Part 2 of 2 - Mastering FSBO Preview Appointments show art Part 2 of 2 - Mastering FSBO Preview Appointments

Agents in Action

At The Preview Appointment -  Objective - Gain access, establish a relationship with &  continue to qualify the seller.  The Tour:  While walking through the property, take notes on the home’s features and benefits.  In a casual, yet deliberate manner, ask questions to determine what the situation is with this particular lead.  Greeting: Introduce yourself, hand them a business card and thank them for having you over to take a look at the house. (Notice, I say house a lot, not home. Why? Home is emotional, a house is not). Also, assure them you won’t be...

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Part 1 of 2 - The $40,000 For Sale By Owner System show art Part 1 of 2 - The $40,000 For Sale By Owner System

Agents in Action

A Behind The Scenes Look At The $40,000 For Sale By Owner System.  89 percent of sellers sold with the assistance of a real estate agent, up slightly from 88 percent the last three years, and only 8 percent (down from 9 percent) were FSBO sales. The share is the lowest since this data collection started in 1981. Did not want to pay commission fee: 48% Sold it to a relative / friend / neighbor: 21% Buyers contacted seller directly: 18% Did not want to deal with an agent: 6% Agent was unable to sell home: 5% Seller has real estate license: 1% Could not find agent to handle...

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Managing Your Time in Real Estate show art Managing Your Time in Real Estate

Agents in Action

  Managing your time in the real estate business.   First, this is something people struggle with in general, not just Realtors.  However, in the world of real estate sales, it appears to be magnified even more as it’s a commission only business.  If you’re being paid hourly or salary and mismanage time, for the most part, it's become accepted. Of course, it’s a contributing factor to the lack of productivity, yet, for the most part, things go forward.  As a Realtor, you have a much shorter fuse before you find yourself out of time, money or both. As a...

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Five Statistics Every Realtor Should Know show art Five Statistics Every Realtor Should Know

Agents in Action

How important it is to know your market statistics and position yourself as the goto expert and trusted resource in your marketplace?Fact: I would venture to say 97-98% (or even more) of the Fact: I would venture to say 97-98% (or even more) of the agent's industry-wide DO NOT know the market #s. Have you ever had someone ask you “how’s the market”?  What do you say? How effective is your response? What message does it convey about you, your knowledge and professionalism/expertise? Typically, when someone asks this type of question, as a whole, many of us respond in 1 of 100...

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If You Don't Ask, You Don't Get show art If You Don't Ask, You Don't Get

Agents in Action

Whenever we get together for an episode of Agents In Action, I often ask myself “what is it I should share this time?”  I have been devouring several books these past few weeks, and one of them jumped out as the obvious answer for this conversation.  I realized, without one’s ability to do this effectively...especially someone in sales...it can be a long uphill climb that leads to endless frustration.  It’s a great book by Mark Victor Hansen & Jack Canfield called “The Aladdin Factor” The book focuses on a skill that arguably, is the absolute foundation for the...

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Whenever we get together for an episode of Agents In Action, I often ask myself “what is it I should share this time?”  I have been devouring several books these past few weeks, and one of them jumped out as the obvious answer for this conversation.  I realized, without one’s ability to do this effectively...especially someone in sales...it can be a long uphill climb that leads to endless frustration.  It’s a great book by Mark Victor Hansen & Jack Canfield called “The Aladdin Factor” The book focuses on a skill that arguably, is the absolute foundation for the results we have, not only in business, life itself.  It’s all about learning how to be “masters of the lamp” as the authors call it...having the ability to...simply put...yet easier said than done...just ask.

As I was reading the book, it hit me between the eyes how this simple idea is so important to be aware of in our lives.  As you know, my focus is always searching for ways to chunk it down to the simplest ways I can help the agents I work with get to that next level.  I trust discussing this will help you gain a new perspective and allow you to make the adjustments in your approach to have more success.  When you think about it...we are asking for one thing or another at one time or another - all the time!  Step back and take notice...how much of our day involves some form of “asking”.  Sometimes, (I would even suggest most of the time) we have a hard time asking in general.  If we do, often it’s not for exactly what we really want to see happen.  Why?  The obvious - fear of judgment, rejection and embarrassment to name a few.  We lack confidence, worry about what someone’s response will be to us fully expressing ourselves.  When we really focus our attention on this, we quickly realize how often this takes place on a daily basis.  What impact is it having on your life and business?  Your family and loved ones? The causes you are behind?  It’s almost as if we’re living in self-imposed prison with bars we can’t necessarily see, and worse, don’t even feel the limitations after we’ve become accustomed to living inside these parameters we’ve set for ourselves.

I'd bet this is the underlying fuel that feeds many agents resistance the essential activity of lead generation. At its core, prospecting/lead generation is “asking”  If you are uncomfortable asking, concerned about all the stories rolling around in your mind, if you’re vulnerable to allowing yourself to become emotional and attached to the outcome...then yes...any kind of “asking” will cause you to pause or avoid what you perceive to be pain...remember, we will do more to avoid pain than gain pleasure.  If this is you, how can you create new associations to lead gen or prospecting?  It’s what we focus on that expands.  Once again, let’s really go back and get connected with our purpose, our passion, and work to reverse these self-defeating habits.

One thing I have always fallen back on is how passionate I have been to have a BIG vision for how I desire my life to be.  Maybe I am lucky or just too foolish to know otherwise...I have always been a HUGE dreamer and allowed myself to buy into the concept of having dreams and that they can come true if you’re willing to take action and do what’s necessary to achieve them.  I just believe it’s possible.  Generally speaking...there’s two groups of people...those that believe all things are possible...and the other that doubts and dwells on why nothing will probably work out anyway.  Something else that has helped me keep healthy mindset is this well-known verse about “Ask and you shall receive” and the other that's so powerful is...ask, and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.  Here’s what’s interesting and yet likely overlooked,  even if you don't ask… you still receive.  The difference here is when we don’t “ask” it doesn’t mean we avoid the situation or conflict entirely, we automatically eliminate any possibilities, and we receive nothing...that’s still something.  After years of behaving this way,  we become resolute and no longer recognize this is abnormal… it becomes the norm and as a result...unfortunately,  the majority of people are living quiet lives of despair.

In real estate, we are always involved in asking for something to bring our deals together or create new ones. Let's bring our attention to how much of our daily existence is heavily involved in asking.  Again, why it’s so important to become comfortable with this or you’re going to have stressed all the time. We

Ask for the signed listing or buyer representation agreement.

Ask for a prospect's contact information, phone and email address.

Ask your buyer if they are interested in writing an offer.

Ask to meet at a time that works best for your schedule.

Ask for a price reduction.

Ask your clients to work with terms that may not be optimal for them.

Ask a seller to pay 6% listing fee.

Asking for a different sales price, aka negotiating.

Asking the photographer to meet on Tuesday instead of Wednesday.

Ask the lender to get loan documents in one day early.

Ask the title company or escrow officer to meet a client at a certain time or location.

Ask another agent for a favor your client needs during the transaction.

Ask your broker for a different compensation package.

Ask the inspector to speak with your clients about a finding in the report.

Ask your transaction coordinator to handle a situation differently the next time.

That’s just business...imagine everything that takes place in our personal time.

It’s ongoing and never ending...we have to really learn how to ask for what we want without struggling, and all the anxiety that comes into play or we’re going to avoid it.

Let’s look at some ways you can begin to be “masters of the lamp” as you mentioned the authors teach in the book.

Sure,  Jack Canfield and Mark Victor Hansen give these seven characteristics that people that are “masters of the lamp” posses.  (Go ahead and give yourself a rating 1-10)

1. They know what they want.

2. They believe they are worth receiving it.

3. They believe they can get it.

4. They are passionate about it.

5. They take action in the face of fear.

6. They learn from their experiences.

7. They are persistent.

What are a few actions steps you’d suggest someone can take to become more comfortable with this whole process of just learning how to be “ok” with asking?

  1. Raise your awareness - Get a copy of the book, study it and make it a lifestyle.  They share stories in the book...it’s amazing what can come from just learning how to effectively ask in your life.  What’s neat is it’s not just your life that improves, you can have a positive impact on your community.

  1. Step forward, not around - You know the feeling...that awkwardness in your stomach or the little voice that says “stop...donot go there...you remember what happened last time.” Now, step forward directly into the face of fear and ask.

  1. Be clear - If you’re going to ask, it may as well be for exactly what you want.  There’s no point it is going that far to still come up short of what it is you really wanted to see take place.  Mean what you say and say what you mean. Don’t leave it to assumption - you know that never turns out well.

  1. Detach from the outcome - Ask and let go.  What happens, happens.  We’ve all heard it many times before...focus on what you can control - the asking.  From there, it’s all going to work out as it’s supposed to anyway.  Just ask - that in itself is going to free you up from harboring all the “I wish I would've” in your life.

  1. Practice - Work on making what's uncomfortable, comfortable. Everything worthwhile will require some kind of change, adjustment or tweaking.  That’s a part of the process.  Figure out what works, what didn’t and keep moving forward.  Be sure to keep in mind it’s a process, so, don’t have unrealistic expectations.  Asking doesn’t mean you will get everything you want.  It means you will position yourself to get more of what you do want vs. settling for the self-defeating rejection we’re looking to avoid.

You know, we all have those sayings we take with us as kids into our adult years...one I remember and practice to this day is one I learned as a young kid...that was…” you may aswell ask because if you don’t...the answer is no anyway”  So, if I don’t ask...I said no to myself by not asking, and if I do, there’s a chance I may get a yes.  If you find you do this, stop saying no to yourself and assuming what the outcome will be.  Put it out there!  In the coming days, let’s make a point of being more aware of times we may avoid asking for what we wish to bring into our reality and begin living life more freely.