Riding the roller coaster

Being based here in Perth I often get frustrated when I hear media reports talking about how the market is booming. They’re usually based on what is happening in Sydney or Melbourne, while for many years Perth has been in a decline.

As we all know, there is not just one real estate market – they vary from city to city and suburb to suburb.

Right now some of you might be going gangbusters and stock is flying out the door, for others properties are taking much longer to sell.

While one situation might sound more positive, both come with challenges.

If your area is booming you might be wondering where the next listing is going to come from and how to compete with the other agencies vying for limited stock. If your local market is struggling you might be thinking about how you can reduce days on market, dealing with sellers’ expectations and attracting buyers.

The truth is, we are always going to face some kind of challenge, regardless of the state of the market, pandemic or disruption, but you can ride the wave, or even create your own if you have solid systems, procedures and policies that take the risk out of volatile and uncertain markets.

So, what are some of the key systems you should have in place?

Systems

  • Lead generation systems – door-knocking, letterbox drops, cold-calling
  • Annual marketing calendar
  • Database building, management and maintenance
  • Scripts for everyone who communicates with clients
  • Your ideal week
  • Appraisals follow up systems
  • Systems for conducting a listing presentation
  • Home open procedures
  • Systems for following up after home opens
  • Vendor management systems
  • Creating a client for life

Systems save you time, energy, money and stress – we should all have them, during the good times and bad.  I’ll be going over some of these and more in my upcoming FREE half-day Real Estate Brilliance webinar, so be sure to join me and discover for yourself how simple systems can help you survive and thrive, whatever market you are in.

For more information, or to find out how Real Estate Brilliance can help you implement systems and strategies to take your business to the next level, click the button below to discover information on our upcoming webinar.

Previous Post
December 2020
Next Post
Keep Calm and Follow Your Systems/Procedures

Related Posts

Maximise your Sales with Stock Grading
BuyersDays on MarketMarketingReal EstateSystemsVendor Management
Are you tired of spinning your wheels on properties that seem to be stuck in limbo? Picture this: spending countless hours on listings that just won’t budge, while missing out…
Learn More
Answer The Phone
Systems
Once you have your Multi-Layered Prospecting System up and running, what do you think is going to happen? Your phone is going to start ringing! You need to prepare yourself…
Learn More

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.