This podcast features Josh Phegan interviewing Before You Bid CEO, Rhys Rogers. BYB is a supply portal for access to pest and building reports and strata reports. They discuss benefits and considerations around making pest and building reports easily accessible, consumer confidence and loss protection for vendors, inspectors’ concerns, increasing auction attendance, and how access to these reports with full transparency from the start speeds up the entire process.
Power of meetings
Getting an offer on a property is not just about the purchase price. In this Coaching Tip, I’ll show you how to find the leverage point in every negotiation by finding out and understanding all the elements of an offer.
You need to know all the terms of the deal before you present it to the client. I’ll show you where to find the leverage point by asking the right questions as you evaluate the elements of the deal.
Most agents think their only leverage point is multiple buyers, but what if you only have one buyer? In that case, the leverage point is on that buyer, and I’ll show you why you need to find out the particular reason the customer prefers this home over others.
The leverage point actually has nothing to do with the market; professional negotiators don’t deal on price. It’s all about why this buyer wants to buy this home because urgency drives price in any market.
Ep 332 – Selling marketing
Today’s High Performance Podcast for Real Estate Agents features Josh Phegan and Alexander Phillips on why selling marketing is so important today. Alex notes that property ownership costs have doubled in the past six months, that clients view off-market sales as a less expensive option to marketing, and he tells how to show them that advertising is still necessary. Josh explains why he currently does buyer matching based on features rather than price and encourages private appointments instead of open for inspections.
Josh and Alex offer insights around marketing to position the property by differentiating it, improving influence with buyers, knowing when you need to re-list a property and change the marketing for it, and giving your owner options when you’re selling marketing to them.
Find the leverage point
Getting an offer on a property is not just about the purchase price. In this Coaching Tip, I’ll show you how to find the leverage point in every negotiation by finding out and understanding all the elements of an offer.
You need to know all the terms of the deal before you present it to the client. I’ll show you where to find the leverage point by asking the right questions as you evaluate the elements of the deal.
Most agents think their only leverage point is multiple buyers, but what if you only have one buyer? In that case, the leverage point is on that buyer, and I’ll show you why you need to find out the particular reason the customer prefers this home over others.
The leverage point actually has nothing to do with the market; professional negotiators don’t deal on price. It’s all about why this buyer wants to buy this home because urgency drives price in any market.
Fast Pace Ep 69 – Coaching for performance
This week on Fast Pace, Dean Mackie and Josh Phegan offer tips to business leaders on coaching for performance. They talk about people’s willingness to be coached, characteristics of an effective coach, questioning to coach for a solution, and the questions that need to be asked.
Ep 331 – August, the big Spring market
In this High Performance Podcast for Real Estate Agents, Josh Phegan and Alexander Phillips discuss August and the big spring market. Alex shares his thoughts around what creates momentum and why August is the best time to deal in a declining market. Josh explains how the prospecting you do today can result in a listing by the afternoon, or in seven years. Alex outlines how he decides which prospects to call and why you need to prospect for the future, not just for today.
Alex and Josh look at staying relevant to past clients and maintaining momentum and credibility with them. And they discuss setting up a care program for those clients as part of an overall plan for carrying your business into the future.
High inflation markets
Unless you’ve been in real estate for more than 22 years, you’ve never experienced a high inflation event until now. In this Coaching Tip, I’ll show you how to work with our current high inflation markets and continue to succeed until interest rates go down.
We know that increasing interest rates cause property prices to come off. I’ll explain repricing of the asset base, how neutral interest rates get the economy back on track, and what caused the residential boom we saw during the pandemic.
I’ll talk about how recent market cycles have escalated from 7 to 9 years to 18 months, and what’s driving these aggressive cycles. I’ll also show you how to continue to reprice assets in a declining market.
High inflation markets require a different set of skills, but the reasons people buy and sell property are the same. Set your pricing reference point realistically and bring those new skills to the table, and you’ll continue to do successful transactions.
Fast Pace Ep 68 – The power of one
In this Fast Pace episode, Dean Mackie and Josh Phegan look at the feasibility of running your business on the power of one number. They discuss metrics you need to run your business effectively, knowing what you want to achieve, measuring MPS specifically, and linking employee performance with business performance.
Onboarding mastery
To be good at hiring, you’ve got to be great at onboarding. In today’s Growth, Leadership and Management Tip, I’ll help you attain onboarding mastery beginning from the interviewing process, right the way through to working inside your organisation.
It’s not about you looking to hire someone, it’s about what an A-grade candidate is looking for inside your firm. I’ll outline the benefits that will attract the right people and show you how to set up your hiring process for candidates to take action.
I’ll talk about asking great questions to ensure a quality interview and tell you what to do to be ready to hire a chosen candidate on the spot. I’ll also explain how to make sure their onboarding experience is exceptional.
I’ll tell you how to develop a custom path for entry and evaluate key skills. Onboarding mastery makes the onboarding process everyone’s role in bringing the best talent into your organisation and making sure they refer other A-grade talent to you.
Ep 330 – When a market freezes
This High Performance Podcast for Real Estate Agents features Josh Phegan and Alexander Phillips on what to do when a market freezes. Alex illustrates what happens when a market starts to freeze and how he finds the people who still want to buy and sell. He adds the importance of great buyer work and asking the right questions to gauge their interest. Josh advises using your datasets to make calls and update your market appraisals, and he notes that amateurs deal in pricing whilst professionals deal in changeover cost.
Alex and Josh discuss what to tell your vendors, using up-to-date data, understanding that settled sales in the newspaper are old news, and giving buyers the confidence to move into the transaction by giving them current clear insight on the market today.