Real Estate Agents 5 Day New Construction Challenge
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Agents and Brokers... Did you know that New Construction makes up more than 30% of what's available in today's real estate market. There are still more buyers than homes to sell, especially if you're only relying on your MLS.
Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com
The National Association of Realtors reports: "Newly built single-family properties comprised a record share of homes on the market, making up nearly one-third of housing inventory nationwide, according to new research from Redfin. New-home sales typically make up only about 10% of the market.
NAR predicts that new-home sales will rise an additional 13.9% in 2024 as builders ramp up construction and offer more incentives to attract buyers.
QUESTION: What do the top 37 Millionaire Real Estate Agents all have in common? (Hint: It's not their dashing good looks, it's not their branding or even the number of past clients they have) What the top agents all have in common is that they have a real estate coach. Not just any coach, an Elite Real Estate Coach. The only question now is, do YOU qualify to have an Elite Coach?
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What should you do starting today? Become a new construction specialist in your town immediately. The more you know about this honeyhole of inventory, the more homes you'll sell this year. This also means more listings for you, since many build clients are also resale clients. NOT knowing about new homes for sale means you could be selling 30% less than you otherwise would, so let's get serious about this with a deep dive on today's show.
Follow this 5-Day Plan to Deep-Dive into New Home Inventory in your market!
Action Step #1:
Identify and Map New Construction Neighborhoods in the areas where you sell real estate. Use Google Maps, and create a route using your Navigation or Maps app so you can visit 5 developments per day for 5 days. If you don't have that many, adjust accordingly, or expand geographically. If you have far more than that, make this into a 10-day plan so you can become fluent in new construction in your market.
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Tour the model homes in person, get to know the product, the price range and all the details for each neighborhood. Let the new build reps educate you and create a relationship. Ask to get on their email lists for inventory updates.
Action Step #2:
Prioritize which neighborhoods you see first based on what your active buyers are looking for. Who are you already working with who could be a match for these developments? Set up those visits and meet your buyers there to get registered, and perhaps even write a contract on that visit!
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