EP. 59 | David Malouf - Director | Highland Double Bay Malouf
Dec 15, 2023
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Real estate powerhouse, David Malouf, discusses the ups and downs of the industry. They talk about entering the industry, selling high-value properties off market, shifting mindset towards success, finding clients for a $20 million property, and advice for agents. They also share their biggest sales, the importance of trust, and personal enjoyment of life.
Persistence and actively making phone calls are key to success in real estate.
Building relationships, trust, and reputation are crucial in the real estate industry.
Assessing client needs and balancing on-market and off-market strategies are essential for success in sales.
Deep dives
Importance of Persistence and Making Phone Calls
The key to success in real estate, according to David Maloof, is persistence and actively making phone calls. He emphasizes the importance of follow-up and being accessible to clients, even outside of regular working hours. David believes in consistently reaching out to potential clients and maintaining strong relationships with existing ones through regular communication and providing valuable information. He shares his own practice of making three calls to clients each day and stresses the significance of giving, rather than just trying to get something from clients.
Transitioning and Expanding in the Real Estate Industry
David shares his experience of transitioning and expanding in the real estate industry. He explains how he grew his own brand and reputation by working with a team and attaching himself to every property he listed. He believes in having a team that supports each other and emphasizes the importance of building relationships and trust with clients. David also discusses the benefits of off-market deals and how he utilizes his network and accessible platforms like Domain and realestate.com.au to tap into the international market.
The Focus, Drive, and Vision for Success
David emphasizes the importance of focus, drive, and having a clear vision for success. He started taking his real estate career more seriously and prioritizing his business as a long-term investment. David discusses the change in his mindset to put in the extra time and effort and not to sweat the small things. He reveals that his weekends have become more work-oriented, and he is driven by a desire to reach his goals and grow his business. David's big vision and determination have led him to set ambitious goals and fueled his dedication to his craft.
Building Trust and Reputation
The podcast episode discusses the importance of building trust and reputation in the real estate industry. The speaker emphasizes the value of hard work and dedication in establishing a strong personal brand. They highlight the significance of consistently delivering results and over-servicing clients to foster long-lasting relationships. By prioritizing communication, being accessible, and forming a strong rapport with clients, the speaker emphasizes the importance of being known for reliability and expertise in the market.
Balancing On-Market and Off-Market Sales
In this podcast episode, the speaker shares insights on the dynamics between on-market and off-market sales in the real estate industry. They highlight the benefits of an on-market process in terms of wider exposure and maximizing potential buyers. However, they also acknowledge the advantages of off-market sales for certain clients who prefer privacy. The speaker emphasizes the importance of assessing each situation and client's needs to determine the most effective approach. They share success stories of off-market sales and emphasize the need to maintain a balance between the two strategies.
Real estate powerhouse, David Malouf, is the leading prestige property agent in Sydney's Eastern Suburbs market.
A second generation real estate agent, David has taken inspiration and a wealth of knowledge from his father and real estate veteran, Bill Malouf.
David, known for consistently exceeding expectations and delivering exceptional results, has joined us on the Bothsides Podcast to discuss the ups and downs of the real estate industry.
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