No Broke Months For Salespeople - What Is All You Need to Know About Overpriced Listings

Episode Date: October 11, 2023

What Is All You Need to Know About Overpriced ListingsReal Estate Coach Dan Rochon from No Broke Months for Real Estate Agents advises an agent about an overpriced listing.In this episode, Dan explains that the one with the last say in the price is still the seller in listings. However, the marketplace still needs to determine if the home is overpriced.Learn how to deal with overpriced listings in this new No Broke Months for Real Estate Agents episode.--To find out more about Dan Rochon and the CPI Community, you can check this link:www.NoBrokeMonths.com --Do you want to win a FREE 45-minute complimentary coaching session with Dan Rochon and a FREE copy of the book "Real Estate Evolution," a comprehensive 10-step guide to achieving Consistent and Predictable Income?❗❗JOIN THE NO BROKE MONTHS FOR REAL ESTATE AGENTS MONTHLY RAFFLE HERE ❗❗--Stop 🛑 wasting your time ⏳ or spending too much money 💸not getting the results you want in sales; I would love you to join me for the upcoming 5-Day Listing Challenge.You will learn how to find YOUR Way to having closings every month.www.5daylistingchallenge.com--Get your free copy of the Real Estate Evolution here:bit.ly/RealEstateEvolution_GetYourBookThis book shows you the step by step on how to:Step 1: Believe in your unknown potentialStep 2: Deconstruct persuasion techniquesStep 3: Find a business and get hired consistentlyStep 4: Be proactive in the relationship with your clients.Step 5: Learn and implement the exact steps to hire, train, lead, and train virtual assistants so that they can build, support, and guide a winning team to scale.And if you’d like to have a consistent and predictable income, like this page, and don’t forget to join the Facebook group to network with the top agents:https://www.facebook.com/groups/newbieagents/ To find out more about Dan Rochon and the CPI Community, you can check these links:Website: No Broke MonthsPodcast: No Broke Months for Salespeople PodcastInstagram: @donrochonxFacebook: Dan RochonLinkedIn: Dan Rochon

Because if we don't understand that as agents, we're not doing our clients a favor. The only person that decides the value of a property is the buyer. Welcome to the No Broke Months for Real Estate Agents podcast. Working as a real estate agent can be incredibly rewarding and fulfilling, but it can also be frustrating if you aren't making the money you deserve. So if you're ready to end the stressful cycle of working hard for no results, then get started with a proven step-by-step system so that every month is No Broke Months. My name is Dan Roshan. I'm the host of the No Broke Months podcast, which is a show for real estate agents

to help you have no broke months. Thanks for joining me. Enjoy the show. What is all you need to know about overpriced listings? Real estate coach Dan Roshan from No Broke Months for Real Estate Agents advises an agent about an overpriced listing. In this episode, Dan explains that the one with the last say in the price is still the seller in listings. I have an issue. I have a house that's been sitting on the market a little bit too long, I think. And dropping the price didn't make a difference. I wanted to know what I can do to make a change to get offers that are not investor offers. They're just super low.

Your price adjustment, you really haven't had enough time yet to be able to see the feedback on it. Because your price adjustment was like was like what two days ago three days ago it was relatively soon right so it wasn't well the first one no actually was like eight days ago for the 10,000 drop but then you did a 20,000 drop since then yeah yesterday great so the answer to that is the 10 wasn't enough the 20 we don't don't know yet. Right. So you, you may be in a position right now where, where you're, you're asking a question, which I get it, right. You're, I love that you're anticipating the future. You know, you're, you're, you know, you're being proactive, right. But if I can be, you know, transparent with you, the only thing that really ends up, I mean, if you have a

price, a property that's overpriced, it doesn't matter what you do. And so then what happens is that the sellers are going to ask you to do a lot of different things that are not going to be effective. And you get frustrated because you're spending all your time and you're doing an open house with a food truck out front and you're doing all these types of things that you could do. Right. But if I try to sell you this mug right here for $10,000, it doesn't matter what I do. I can bring in a fire-breathing dragon to attract attention, and I'm not going to sell it. But if I focus all my time and energy on this, and it's overpriced, then I'm sort of wasting my time. So I'm going to give you an answer to a question you didn't ask, which is what do you do about it? Well, let's say it is overpriced right now. Okay. And let's say you're at the rock

bottom of as much as you can move the price. And what could we all do right now if that's the scenario? I mean, can it just sit a little longer? Is this a new listing about 70. It's at the bottom of the floor of what we believe we could bring it to. What could we all do? You guys all ready for this? Go find another listing. Go find another listing. Any other listing. What I'm saying is you're not going to sell an overpriced listing. That's what I'm saying. So if you're not going to sell an overpriced listing, instead of taking your time and bringing in an ice cream factory to sell ice cream in the front door, which you could do, right? And that's where we may spend our time and our energy doing that. Because again, if I brought an ice cream truck, I'll get a bunch of kids here, but I'm

not selling this for $10,000, no matter what I do, right? So it's just having an understanding of what we're dealing with. And I know I say that with a very, very definitiveness, but I am certain. Teresa, what are your thoughts? I don't know the listing. So just for clarity here, right, because if we don't understand that as agents, we're not doing our clients a favor. The only person that decides the value of a property is the buyer. or review on your favorite platform. Then what I'll do is I'll enter you into a raffle where we can meet 45 minutes for a free coaching session. And I'll also give you a copy of the book,

Real Estate Evolution, which is the 10-step guide to CPI, consistent and predictable income. Oh, by the way, I'm the author of that book. So if you'd like for me to coach you, give you some nuggets and help you in your business, go ahead and leave a review and you can enter into the monthly raffle to win.