Do you tally your loses?  When I was actively working in real estate, I lost my share of listings to other agents.  Nothing in excess, but I lost a few.  No one closes 100% of the listing presentation they are invited to present.

When you lose a listing to another agent, do you try to figure out what happened?  Do you dwell on the loss or do you put it aside and go on to the next one?  I have to say, I didn’t think about the loss for one moment. 

My thoughts were that if I investigated, the reasons would probably not be honest and I’d be set up to lose again.  Rather than torture myself, I was on to the next listing appointment. 

We need to remember to continue to move forward and not allow anything to stall our movement.  Old business that was lost will stall your progress to secure new business.  Nothing in the real estate business is a guarantee, even if you think it is.  Never assume the business is yours because when you least expect it, someone else makes the score. 

Onward and upward has always been my favorite saying, and it applies well to listings lost!!!

 


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29 Comments on We All Have Losses....If You Dwell On Them You'll Stop Your Production!!

20 Most Recent Comments Displayed Show All

NOV
27
2011
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Rob....that's good because this is follow the leader in the real estate business.....your agents will be following your lead.

2:30pm • #10
586,470 Points 106 Featured Posts Outside Blog Called Shot Master

Hmmm... I agree that we should not dwell on losses. But it might not hurt an agent to take a few minutes of self-reflection to see if they can see a mistake that they could correct before the next presentation.

A seller might not give an honest answer, but we can be honest with ourselves.

For instance - An agent might think "Did I talk too much?" Many do. Or perhaps they arrived late, or were somehow disorgaized. Maybe they answered their phone and made the homeowner feel unimportant. Maybe they were dressed too casually or too formally for the property they wanted to list.

Most "old pros" wouldn't make those mistakes, but I've seen new agents make them time and again.

No one should spend time beating themselves up over lost listings (or buyers) but it could be a good idea to self-evaluate and make corrections.

4:07pm • #11
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Marte....points well taken....reflect and move on....don't do too much investigating....the answers probably won't be honest....

4:11pm • #12
342,246 Points 2 Featured Posts Attended Rain Camp Called Shot Master

Hi Barbara. There are many variables and we often get hung up on ourselves. Ironically when we brand ourselves we are selling our knowledge, experience, and/or expertise so when we are rejected we take it personally because it is personal. However I have gotten to the point where I accept that not everyone will like us. Therefore move on.

4:12pm • #13
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Lana....I'm with you on that.....not everyone will like us and it's not that we did anything wrong....sometimes we just don't mesh.....we don't blend well and there's nothing we can do about it....yes, move on.

4:22pm • #14
1,224,915 Points 79 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Good afternoon Barbara,

You will always loose some..you can't and won't want to win them all. If you want the listing and didn't get it probably good to look over why the listed with someone else to see if you did something that could be corrected. Don't waste much time on it..if you need to improve something adjust your presentation and move on..next!

4:59pm • #15
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Dorie....no one gets them all....that's no fun.... you're right about not wasting much time on reviewing what we did....

5:05pm • #16
795,928 Points Outside Blog

Good evening Barbara.

A good agent does not involve emotion in business...

5:19pm • #17
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Joshua....you're right....business should be kept on the straight and narrow....all business.

5:21pm • #18
705,119 Points 56 Featured Posts Outside Blog Called Shot Master

Barbara i am right thee in saying tht a loss can knock you down a couple of rings on that ladder but you have to remain focused on the positive than those things you can not control. great blog.

5:59pm • #19
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Scott....everyone needs to remember that no one gets them all....no one....and if we stay focused, when we lose one, we'll get two....you know that, right??

6:16pm • #20
620,139 Points 97 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

No choice but to move on, lol :)!  If you dwell on the loss, you won't ever move forward.  It's probably always best to evaluate what may have gone wrong so you can improve in the future..I would imagine that some of the time though, agent and seller didn't click :)!  Great post Barbara!

6:31pm • #21
1,520,536 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Brenda....we can't expect to mesh with everyone.....I'm happy with 90%

6:37pm • #22
1,154,383 Points 86 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Barbara, life isn't meant to be lived through a rear view mirror, it's impossible to see the bus heading your way.

9:28pm • #23
356,724 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Barbara! My former broker gave me the best advice about losing a listing...just move on and say, "Next!"

9:31pm • #24
442,381 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

Barbara ... There's a great book that I'm listening to Called Failing Forward.  The premise is that failing at something  doesn't mean we are failures and the best thing we can do is learn from our failures and more forward and not repeat our mistakes!

9:54pm • #25
428,556 Points 23 Featured Posts Outside Blog Called Shot Master

I like to see if there is anything I can learn or take away from the loss....and then move on.

10:09pm • #26
648,311 Points 63 Featured Posts Localism Sponsor Outside Blog Called Shot Master

This is very true.   You can't dwell on things that don't go well forever.  Forgive yourself  so you can continue to function.

11:58pm • #27
NOV
28
2011
1,030,837 Points 238 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

BarbaraT- If i lose a possible client I do want to know why... just to see if there's something I need to do in my own presentation but after that, you're right... onward and upward.

6:16am • #28
1,207,918 Points 193 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

"Dwelling" is something I don't do. But I do try to learn from each listing I do not get. And after some disappointments, I have a good solid plan to work off now. I still cant bullet proof it, but it was better than never sitting down to see where I could use improvement!!!

6:28am • #29

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Barbara Todaro "New Franklin MA Homes"

Franklin, MA

More about me…

RE/MAX Executive Realty

Address: 445 Franklin Village Drive, Franklin, Ma, 02038

Office Phone: (508) 520-9881

Cell Phone: (508) 918-9148

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The Kuney-Todaro Team is the "#1 team in Franklin's #1 office." Our expertise is in marketing new construction and resale properties. New construction is our niche and we have sold 40 subdivisions in the area of Franklin MA.


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