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#2 of 7 Changes Managers Must Make

By
Education & Training with David Knox Productions, Inc.

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2. Cancel the Dead Quarter of your listings

Your current inventory of overpriced homes containing unmotivated sellers is dragging EVERYthing down: the listing agent, your advertising budget, your office staff, your neighborhood reputation, the market in general…and the sellers themselves. Let them GO. NOW.

Your current inventory can be divided into four groups, based on two parameters. The first parameter is motivation; they either want to sell or stay. There is NO in between, NO middle ground. They move or they don’t.

The second parameter is price; they’re either priced at market value, or above it. Every listing agent must meet with every seller and determine where the sellers are within these parameters.

Quadrant 1: Stay/Priced High = The Dead Quarter, Cancel them.

Quadrant 2: Stay/Priced Right = Probe for motive. Do they really want to move?

Quadrant 3: Sell/Priced High = Reduce the price now.

Quadrant 4: Sell/Priced Right = SOLD. Your key group.

For the list of all 7, go to davidknox.com

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Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

David, a bunch of years ago, I attended one of your workshops and for years I listened to your tapes (wore them out!).  So here's my warm welcome to Active Rain!  You'll be addicted in no time!

Dec 30, 2008 01:28 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

You're right...there is no middle ground.   It's "either...or" (Kierkegaard's philosophy was about this).  

Dec 30, 2008 01:33 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

David, we also attended one of your workshops a few years back, great stuff!  Welcome to Active Rain, and great advice in this or really any market!

Dec 30, 2008 01:37 AM