The next perfect storm in the real estate market is here.
These are the 6 ingredients that have created this perfect storm:
Soaring Interest Rates. Interest rates have risen dramatically and have decreased the buying power of buyers. Interest rates & demand are high, while inventory is low.
Inflation. Consumers are cautious about making purchases.
Bearish Stock Market. People’s net worth dropping with the downward trend in the stock market.
Supply Chain Shortage. Food shortage is at its worst ever.
Contracting Economy. Even as we’re bouncing back from the COVID pandemic, the Gross Domestic Product has surprisingly gone down. This is one key indicator of a recession.
Russia’s Invasion of Ukraine. This has created international tension and economic instability.
All these factors have made the average consumer scared of making financial decisions such as buying or selling real estate.
4 Strategies To Win in the Perfect Storm
Focus on Getting Listings. Focus all your lead generation on getting listings. When you find sellers, you get listings, you own the market.
Get Your Pricing Right. Master the skill of pricing properties right because with buyers getting more cautious, overpriced listings will not sell.
Build Relationships. Nurture your relationships with the people you know. They’re the ones who trust you enough to give you business.
Get a Good Coach. Find a coach that has been through a market downturn before, so he can help you prepare for what’s coming.
If you want to get more winning strategies for adding 2-3 more deals every month (no matter what storm comes your way), I’d like to invite you to join me for a FREE live webclass called, More Leads, More Listings, More Life.
Get more details HERE: https://breakthrough.yesmasters.com/webclass
Get more exclusive real estate agent trainings here 👉 https://YesMasters.com
Learn How To Get More Real Estate Leads, More Listings, More Sales, with Less Resistance
Kevin Ward is a real estate coach, speaker, and trainer at YESMasters.com and #1 Bestselling author of “The Book of YES: The Ultimate Real Estate Agent Conversation Guide.”
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