Getting Listings Sold: A Framework for Talking to Sellers
Oct 16, 2024
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Jason Pantana, a dynamic real estate agent and coach, shares his incredible journey from a struggling waiter to a top-performing agent. He emphasizes that the key to getting listings sold quickly lies in aligning with sellers and setting realistic expectations. Jason reveals effective communication strategies to strengthen trust and collaboration. He also highlights the importance of mentorship in his success and offers a framework to navigate the complexities of the selling process, ensuring everyone involved is on the same page.
Effective communication and alignment between agents and sellers are essential to set realistic expectations and successfully sell listings.
Agents should visualize the selling process as a collaboration among the market, seller, and agent to foster teamwork and drive sales success.
Deep dives
Challenges in Selling Listings
Unsold listings represent cash trapped in limbo, highlighting the crucial need for agents to not only acquire listings but also to successfully sell them. One key reason listings fail to sell is a lack of alignment between the agent and the seller, which can lead to misunderstandings about expectations and terms. The episode emphasizes that effective communication at the onset of a listing is essential, as it helps to ensure both parties are on the same page regarding the conditions of the sale. The framework shared focuses on the importance of creating this alignment, helping agents guide their conversations with sellers toward productive outcomes.
The Three Parties in a Home Sale
The framework presented outlines three critical parties in the sale of a home: the market, the seller, and the agent. By visualizing these entities as circles, the agent can emphasize that the market consists of factors beyond their control, such as economic conditions, interest rates, and competition. This approach helps to identify the market as a common adversary, fostering a sense of teamwork with the seller, who must manage their property's condition and pricing. By clarifying each party's responsibilities, the agent can better position themselves to guide the seller through the selling process.
The Agent's Role and Responsibilities
Agents have three primary roles in the selling process: executing a marketing plan, negotiating effectively, and providing deal life support. It's crucial for agents to articulate that their marketing efforts are designed to attract the right buyers while navigating pricing and condition challenges that sellers may face. The episode stresses the importance of creating momentum from the start to negotiate from a position of strength—highlighting that a well-executed marketing plan supports the overall sale strategy. Ultimately, successful home sales depend on agents fostering collaboration between the market dynamics, seller responsibilities, and their own functions to create a seamless selling experience.
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Aligning Agents and Sellers for Successful Listings
Your No. 1 job is getting listings sold. The faster you’re able to do that at or above market value, the more leverage you have in attracting new listings. But it all starts with being able to align with sellers, set realistic expectations, and win their trust.
For this episode of This Week in Marketing, Jason Pantana shares a clip from the Success Summit in which he explains the marketing secrets he learned from his longtime mentor for getting listings sold. You’ll learn how Jason went from being an out of work waiter to the rising Rockstar of his first team by aligning with sellers and winning their support in marketing the listings.
This is a framework for how to talk to sellers and get your intentions aligned. It’s the foundation of getting listings sold, so watch or listen now!
In this episode, Jason discusses…
0:00 – Jason’s story
6:30 – How to set expectations
9:50 – 3 parties in the sale of every home
12:30 – A common foe
17:50 – The second function of a listing agent
21:50 – Decision Criteria
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