Category: Uncategorized

  • Have We Passed the Peak of the Market?

    Have We Passed the Peak of the Market?

    I’ll be using local (Calgary) data in this post. However, it’s not the data itself that is important, but rather how and why you should gather and demonstrate this critical information to your clients. You can easily do this in a few minutes, no matter where you are.

    We’ve had a wild market here for some time, but I’ve been feeling lately like it’s not quite as crazy as it was. So the question is, “Have we passed the peak?”

    It’s entirely valid that an experienced and skilled Real Agent will develop a sixth sense about the market. But when the public is saturated with news about how insane the market is, it’s hard to convince them of a contrarian viewpoint just because you “feel” a certain way.

    You want people to make good decisions? Give them good data. The monthly sales numbers are good. But what’s better than monthly data?

    Weekly data. 

    So, here are the weekly sales (since Feb 1) for detached homes in Calgary, which I just pulled from our system in less than five minutes:

    Date Range | # Sales

    Feb 1-7 | 404

    Feb 8-14 | 499

    Feb 15-21 | 480

    Feb 22-28 | 518

    Mar 1-7 | 547

    Mar 8-14 | 505

    Mar 15-21 | 523

    Mar 22-28 | 486

    Mar 29-Apr 4 | 453

    Apr 5-11 | 424

    Apr 12-18 | 394

    So, there you have it; we are indeed well past the peak of the market. The numbers prove it.

    This doesn’t mean the market is likely to change radically. On the contrary, there is still plenty of pent-up demand, so I believe the market will remain strong for some time.

    But it’s essential to understand when a market is shifting and contemplate possible explanations, such as:

    1. Some buyers have given up.

    Prices have risen dramatically to the point that some buyers can no longer afford to buy what they want. Others have lost out on so many multiple offers that they’ve given up out of sheer frustration.

    2. Remaining buyers are more conservative.

    Most of the “gun-slinger” buyers—those willing to write unconditional offers far over asking—have already bought. The remaining buyers are more patient and willing to wait for the right house at the right price.

    3. Inventory is still extremely low.

    This part hasn’t changed, but it does tie into #2 above. Since the remaining buyers are more conservative, they’re not jumping on whatever listing hits the market, as was the case earlier in the year.

    4. There are more over-priced listings on the market.

    This is because sellers are working off “old” inaccurate data. They think if a house sold for $750K in March, it must be worth $850K now!

    The main reason for this? Their agents are unskilled and do not provide their sellers with the correct information they need; for example, the information I’m discussing in this post!

    5. Concerns over rising interest rates, inflation, and the general state of the world.

    These are all valid concerns, and they tend to weed out the more conservative buyers. 

    All five causes above are interrelated. So, what’s the point of all this?

    Your clients need clear information to make intelligent decisions.

    It’s your job to provide that information.

    Weekly sales data can be another insightful factor to consider when determining the price of a listing. After all, over-pricing is the kiss of death in an active market (or any market). 

    It’s also an easy way to differentiate yourself from the real estate drones.

    __________

    From the Mirriam-AgentSkills dictionary:

    real estate drone drōn a real estate agent who provides the exact same information as every other real estate agent.

  • The Formidable Combination of Mindset and Organizational Skills for REALTORS®

    The Formidable Combination of Mindset and Organizational Skills for REALTORS®

    When I first got my Real Estate license, I had zero clients and zero prospects. 

    It took me three months to complete my first transaction—a sympathy listing—which I screwed up royally. 

    Then I went straight back to zero clients and zero prospects.

    Slowly but surely, I figured out what to do, and by the end of my first year, I had earned $180,000 in commissions. From my 2nd year on, I earned between $590,000-$865,000 for 12 consecutive years, all as an individual agent.

    I get asked all the time HOW I ramped up so quickly, starting from nothing.

    But when I answer, agents always look at me sideways and walk away, muttering that I must be lying. 

    Sometimes I feel like just making up an alternate story, but it’s not in my nature. So, believe it or not, here is EXACTLY what I did:

    1. I read numerous books and articles about customer service

    2. I talked to other agents about what made them successful

    3. I looked at hundreds of properties (by myself since I had no clients), taking extensive notes

    4. I worked on developing and refining my systems and procedures

    I also had a successful business background, so that certainly helped. But here’s the key:

    Instead of wasting my time chasing after clients and not knowing what to do with them, I spent my time developing my skills FIRST.

    To this day, when I’m not busy, my mind wanders to figuring out how to be better. What tiny (or gigantic) improvement can I make to become a better agent?

    Some things take five seconds, while other bigger projects need to be broken down into numerous chunks.

    But no matter how tiny (or gigantic), EVERY idea and task gets written down on my Brain Clutter List. More about this system in my last post:

    4 Ridiculously Simple Tips for REALTORS® to Become 10 X More Organized

    One agent read that post and asked me:

    “OK, Ted, But what exactly do you write on your list?”

    My answer: E.V.E.R.Y.T.H.I.N.G.

    Every tiny (or gigantic) thought that pops into my skull—20-30 items a day on average.

    He responded, “But doesn’t your list get cluttered and unmanageable?”

    Well, I suppose it would if I never managed it!

    It’s not about writing things down and forgetting about them. It’s the opposite. It’s about having a system to remind yourself about everything you need to do and then taking action.

    I’m knocking things off my list all day long. In fact, every time I look at my email, I scan my Brain Clutter List at the same time. Then, every morning, I review the “leftovers” and move some items onto my calendar, or onto a different list, or sometimes I just leave it, knowing I’ll get back to it later.

    Read this if you’d like to learn more:

    5 Easy Steps for REALTORS® to Defeat Procrastination

    __________

    Let’s get back to how I was able to advance my career so quickly:

    First, I was ALWAYS trying to think of what I could do to become better, and then I spent my time implementing those ideas. But here’s a vital lesson:

    It’s not one GIANT thing that will change your business and life. Instead, it’s hundreds and thousands of tiny things all strung together.

    But those things simply don’t get done if you don’t write them down! Ask yourself:

    What improvements have you made in the last week?

    Nothing? Perhaps you should start writing things down (and taking action). People who rely too much on their memory rarely advance their careers at any measurable pace.

    So, the answer to the big question, “How did I ramp up my business so quickly?”

    1. I had a mindset of constantly trying to get better, and;

    2. I wrote down EVERY idea and acted on it.

    You can do the same thing! 

    Try it for ONE day, and you’ll be shocked at how much more you get done. (Or, how little you got done the day before.)

    __________

    By the way, did I give the impression that all my ideas actually worked? Hahaha!

    I’ve spent hundreds of thousands of dollars and thousands of hours learning the hard way. But you don’t have to.

    Take a tiny leap of faith and sign up for the Agent Skills Master’s Program and learn EVERYTHING I know without all the trial and error and sweat and tears that I’ve expended over my entire career.

    I wish someone had made a course like this for me when I first started. Try it for FREE for  one week (first two modules). You don’t pay unless you decide to continue.

  • 4 Ridiculously Simple Tips for REALTORS® to Become 10 X More Organized

    4 Ridiculously Simple Tips for REALTORS® to Become 10 X More Organized

    Most REALTORS® are remarkably comfortable operating in a state of constant chaos. I speak to agents all the time who seem to take great pride in their “ability” to function with few or zero organizational systems.

    Whether this is good for their cash flow is another question, entirely. (Hint: It’s not.)

    I am not a naturally organized person, either. In fact, I think very few REALTORS® are. If we were, perhaps we would have pursued a career in accounting. Ewwww!

    That said, if your goal is to complete 50+ or 100+ deals per year, you must learn to utilize some basic organizational skills to increase productivity and decrease anxiety. 

    The following ideas are so ridiculously simple that if you’re not already doing them, you can start immediately. I mean today.

    #1 Stop Relying on Your Memory

    Have you ever made a mental note about something you needed to do, got distracted, and then completely forgot all about it? 

    Has your memory ever cost you $10,000 or $20,000 (a missed opportunity to pick up a new client, for example)? 

    Even if you can honestly answer “no” to that question, it’s probably only because you don’t remember!

    How many ideas do you think of and forget every day—ideas that could improve your business or increase the likelihood of a future sale—that never get implemented?

    Personally, I’ve got ‘Brilliant Ideas’ and Things To Do’ popping in my head like popcorn, 24/7, which I immediately write down in my Gmail Tasks List. I’ve named my list “Brain Clutter” because it allows me to get the clutter OUT of my brain and ONTO a list.

    If I’m on the run, I simply tap the Tasks App on my phone and quickly write down whatever Brain Clutter I have going on. Usually, one or two words are enough to trigger my memory later, when I review the list. 

    The habit of writing down thoughts and ideas prevents me from forgetting things and frees up my brain to concentrate on the big picture.

    Do you ever find yourself using all your powers of concentration trying to remember six different little things? 

    Out of the Brain and Onto the List

    I use Gmail, but there is a Tasks List or To-Do List included with every email application, so use whatever you have already. Don’t make this more complicated than it needs to be. 

    The main point is to STOP relying on your memory, and START writing things down!

    (But not on cocktail napkins.)

    #2 If it takes less than two minutes, DO IT NOW

    Often, when you think of a simple task, the most efficient way to get it done is to DO IT NOW while it’s fresh in your mind. 

    Actually, when I think of a short task, I typically write a word or two on my Brain Clutter List first; then I complete the task, then I delete it. This ensures I don’t get distracted and forget.

    Plus, it’s ever so satisfying to delete tasks from my Brain Clutter List!

    #3 Keep a Prospects/Current Clients List

    Unless you are an absolute pro at using your CRM, I strongly recommend you keep a very basic spreadsheet with a list of all your current prospects and clients. Prospects tend to get buried deep inside our giant CRMs, so I like to view all my current clients and prospects on a single spreadsheet that I can access quickly whenever I have time.

    This spreadsheet can be as simple as three columns; Column A for last names, Column B for first names, and Column C for the date and most recent activity. For example, “Feb 24 – Sent an email recommending showings this Saturday”. Simple!

    I expand on this system in The Agent Skills Follow-Up module, but you can start with this Ultra Simple 3-Column Spreadsheet, and immediately feel at least 50% more organized. You will be shocked at how many prospects you would have forgotten about before implementing this simple system.

    #4 Review Your Lists Regularly and Establish a Morning Routine

    Now, you need to review your Tasks List and your Prospects List regularly. You can do this throughout the day whenever you have time. And, I strongly recommend adding this into your Morning Routine.

    You probably already have a morning routine and don’t even realize it. For example, you sit down with your morning coffee and review your emails. Now, simply add a complete review of your Tasks List and Prospects List into your routine every morning, and take action on at least a few of the items. For example, set up an ‘Appointment with Yourself’ in your calendar to take care of Task A, and send an email to Prospect B about the new listing that just popped up. Once you’ve dealt with the item, remove it from your Task List.

    __________

    Few REALTORS® are naturally organized, but those who make the most money are the ones who learn to utilize simple organizational techniques. So try these four, and tell me I’m wrong. I double-dare you.

    Just go to your task list right now, and write, “4 Simple Rules”. That’s all you need to do for now. This will trigger your memory when you read it later and have more time to implement the ideas.

    If you’re thinking to yourself, “I’ll remember to do this later,” go back and read #1 again.

    STOP RELYING ON YOUR MEMORY. 

    For more ideas on how to stop procrastinating, read this: 5 Easy Steps for REALTORS® to Defeat Procrastination.

  • 5 Easy Steps for REALTORS® to Defeat Procrastination

    5 Easy Steps for REALTORS® to Defeat Procrastination

    Are you procrastinating on updating your website, writing a new listing presentation, completing an online course, or some other major project?

    Procrastination is the #1 productivity killer for almost everyone, but I think it’s even more challenging for REALTORS®, for two reasons:

    1. We don’t have a boss dictating deadlines to us, and;

    2. Our days are unpredictable, so it’s difficult to focus on projects that require our undivided attention.

    Dr. Tim Pychyl—head of the Procrastination Research Group at Carleton University—has studied procrastination for over 25 years. Here’s what he has to say on the subject:

    “Procrastination isn’t so much about our ability to manage time, but it’s actually a form of escapism, a way to cope with challenging emotions brought on by certain tasks; emotions such as boredom, anxiety, insecurity, frustration, resentment, and self-doubt.”

    It’s not the task itself you are avoiding; it’s those negative emotions!

    To illustrate this, just pause for a second right now and think about whatever major project you’ve been avoiding. How does it make you feel?

    __________

    See what I mean? You’re probably feeling overwhelmed and anxious. Then you start beating yourself up for avoiding the project when you know it needs to get done. But this does nothing to resolve the problem. It only makes you feel worse. 

    The good news is that procrastination has nothing to do with your character, work ethic, or level of self-discipline. 

    You do not need to be fixed! You don’t need to repair any psychological scars from past failures, broken promises, or unachieved ambitions.

    In fact, you can fix your procrastination problem right now with these five easy steps:

    Step #1 – Forgive and Forget

    You don’t need to understand why you’ve procrastinated in the past. What’s done is done. Your emotions have been sabotaging you with distraction, redirection, and misdirection. Simply accept this and leave it behind.

    Step #2 – Take a Tiny Baby Step

    A tiny baby step is committing to work on your project for FIVE MINUTES. Not an hour. Not half a day. Five minutes. Can you do that?

    Here is the key: 

    Do NOT wait until you’re in the right mood. Do NOT clean up your email first. Do NOT make that one last phone call. These are all stall tactics triggered by your fear of negative emotions.

    IGNORE all those distractions and, “Just do it!”.  

    This could be as simple as opening up a document and writing a few preliminary notes for your website project. Or write a list of resources you need to update your listing presentation. The key is to START the work and commit to at least FIVE minutes.

    This may sound ridiculously simple, but it’s also shockingly effective. Why? Because taking that first step leads you forward. It breaks through the imagined brick wall you’ve created for yourself.

    In the journey of a thousand miles, it truly is the first step that seems the hardest. But once you’ve taken it, you’ll be pleasantly surprised that it was so easy. The first step leads to the second and the third. Then, all of a sudden, you can feel momentum carrying you forward.

    This is why you need to make that first action as tiny as possible so that you can make it quickly with no friction and no mental or emotional negotiation required. 

    Five minutes is all it takes to get started. 

    Step #3 – Make an Appointment with Yourself

    Once you’ve completed the first five minutes of your project, you’re going to want to keep the momentum going.

    But you have to make sure that what you NEED to do is EASY to do.

    One of the essential organizational skills I teach is the concept of ‘Appointments with Yourself.” These are times you’ve blocked off on your calendar to work on tasks. But here’s the key:

    You must honour every Appointment with Yourself in the same way that you would honour an Appointment with Your Best Client or even an Appointment with Your Dentist.

    Think about it. It’s 1:00 pm, and you’ve got a dentist appointment at 3:00. However, your client calls and wants to see a property at 3:00. Do you cancel your dentist appointment?

    Of course not! You tell your client you’re booked at that time, and you schedule a different time to show the property. Why? Because you respect your dentist’s time. 

    So here’s an essential personal rule you need to adopt right now:

    I will honour every Appointment with Myself with the same level of respect as I treat an Appointment with Anyone Else.

    Once you set an Appointment with Yourself, it is non-negotiable and non-interruptible. If you can’t agree to those terms yet, do NOT make an Appointment with Yourself.

    On the other hand, don’t get all excited and set up 17 one-hour Appointments with Yourself! This is a skill that you must practice and master, just like any other skill.

    For starters, book one more 5-minute Appointment with Yourself, prove to yourself that you can honour it, and then set up another one for 10 minutes or longer. The more times you follow through, the easier it will get, and the more you’ll accomplish. 

    By doing this, you’re building a foundation for future success at defeating procrastination. 

    Ted Tip: Always set up Appointments with Yourself on weekday mornings, when they are least likely to interfere with your clients’ needs.

    Step #4 – Chunk Your Project

    “Chunking” is breaking down your giant project into manageable chunks, so it doesn’t seem so overwhelming. 

    Chunking is the first thing you should do when starting a big project: Chunk it out.

    Then, tackle one (and only one) chunk at a time. This gives you a feeling of accomplishment and keeps you moving forward. 

    Chunking also helps to minimize the emotion of feeling overwhelmed.

    Step #5 – Eliminate Distractions

    Imagine setting up your desk in the middle of a busy intersection and sitting down to write a novel. Cars are whizzing by blasting their horns, and more than a few drivers are leaning out their windows cursing you out. One particularly nasty fellow tosses his drink at you.

    This is the equivalent of you working on your major project while your phone is going off every 30 seconds, with the TV is blaring in the background, and the dog scratching at the door, wanting in and out and in and out.

    You need to eliminate all that! 

    Your number one distraction? It’s your phone. You know it. I know it. Your spouse knows it. Your kids know it. Your friends know it. Hopefully, your clients don’t know it.

    It’s impossible to get anything done with that thing ringing and bleeping and pinging every 15 seconds. So when you’re in an Appointment with Yourself, TURN IT OFF! You can start practicing this in your very first 5-minute session. 

    And guess what? When you turn your phone back on, nothing terrible will have happened! I promise!

    Also, get yourself into a quiet space, close the door, log out of your email, put on your noise-cancelling headphones, WHATEVER you need to do to eliminate ALL inputs and tugs on your attention from the outside world.

    You’ll be amazed at how much work you get done, even in a short session.

    As you get better and better at these skills, you will naturally look to re-engineer your environment to root out all the temptations that you once used to help you delay and procrastinate.

    If you’re reading this and telling yourself, “it can’t possibly be this easy,” that’s your emotions attempting to control you, once again. 

    It’s time for you to take control of your own brain and stop allowing your emotions to control what you do and what you don’t do.

    Follow these five simple steps to unleash your true potential, and eliminate procrastination forever.

    1. Forgive and Forget

    2. Take a Tiny Baby Step

    3. Make an Appointment with Yourself

    4. Chunk your Project

    5. Eliminate Distractions

    Credit to Darren Hardy for reminding me how easy it is to defeat procrastination. I’d fallen into a rut and forgotten to follow my own advice. Hey, it happens to ALL of us! But now I’m feeling revitalized and positive, and I’m accomplishing more than I have in ages.

    If I can do it, so can you!

  • How to Keep your Trust Battery Fully Charged

    How to Keep your Trust Battery Fully Charged

    Real Estate is a relationship-based business. And nothing degrades a relationship more than a lack of trust. 

    Trust is the glue of life. It’s the most essential ingredient in effective communication. It’s the foundational principle that holds all relationships together. — Stephen R. Covey

    __________

    Real Estate can be incredibly frustrating at times, especially if your clients don’t fully trust you. Conversely, the smoothest transactions are the ones where your clients trust you completely and always follow your best advice. Am I right?

    But trust isn’t black or white. There are degrees of trust. 

    Tobias Lütke (CEO of Shopify) talks about the “trust battery” as a metaphor that helps you think about and visualize levels of trust.

    Each time we interact with someone, we are subconsciously considering the level of charge in our trust battery, and this reflects how we respond.

    This applies to ALL your relationships, including friends, family, colleagues, team members, and clients. 

    Every time you have a positive interaction with a client, your trust battery gets charged. Conversely, seemingly insignificant negative events can quickly drain the trust battery. 

    For example, you promised to send your client some information, but you forgot. Or, you were five minutes late for an appointment, and your client is NOT a time-optimist like you are. (What’s a time-optimist?)

    There are a thousand ways to drain a trust battery. These incidents may seem minor or unimportant to you. But if your trust battery gets drained too much, it can adversely affect an important future event.

    For example, in my local market (Calgary), we are in the midst of the craziest seller’s market EVER. Every good listing is selling immediately with ten or fifteen offers. I was involved in one with 28 offers recently. 

    So how do your clients react when you tell them they probably need to offer $81K over asking, as I did recently? How’s your trust battery with that client? 

    You see how important this is?

    The above example just happens to fit the current narrative, but it’s ALWAYS important to maintain a strong trust battery with your clients.

    HOW, you ask?

    Integrity? Of course, BUT…

    Integrity is just one of the components needed for a fully-charged trust battery. 

    Think about this: Do you know anyone who is a good, honest, decent person (with high integrity) and also a gawd-awful REALTOR®? 

    Yeah, me too. They have the best of intentions, but high integrity alone does not make a great agent.

    Skills do. Skills and experience and mindset and hard work. When you combine those attributes with high integrity, the result is a fully charged trust battery.

    Regarding mindset, think about your primary focus, first name. What drives you?

    Is it getting more leads to chase? Convincing more prospects to hire you? Collecting more commission cheques?

    Or, is it increasing your knowledge and skills in order to serve your clients better? If so, you already know that the commission cheques take care of themselves if you have the right attitude. 

    __________

    Confession time:

    I just heard about the concept of the trust battery last week on a Darren Daily episode, and it hit me like a ton of bricks!

    Luckily, when I wrote Relationship Selling and Communication Styles (two of the fourteen modules in the Master’s Program), I already possessed all the essential attributes required to build a strong trust battery.

    I hadn’t thought about it when I wrote those modules, but the underlying message in both of them is all about increasing the trust between yourself and your clients. 

    Remember what Stephen Covey said? Here it is again, slightly abbreviated:

    Trust is the most essential ingredient in effective communication.

    That means to be a great REALTOR® you MUST be a great communicator.

    Luckily, fully charging the trust battery between you and your client and becoming a great communicator are 100% learnable skills. 

    Ted Greenhough

    Agent Skills, Corp.

    I teach GOOD REALTORS® how to become GREAT REALTORS® with a simple, logical, easy-to-follow, step-by-step program.

  • Lessons from the Past

    Lessons from the Past

    Happy New Year!

    Whenever a New Year rolls around, most of us make plans for what NEW stuff we’re going to implement into our lives. But I prefer to reflect on past lessons (the OLD stuff) and consider whether I can still apply those lessons today. Somehow it seems much easier.

    At first, this message may seem like it’s got nothing to do with Real Estate, but I promise it does. In fact, it might be the most powerful lesson you can ever learn.

    When I was 26, I started a wholesale motorcycle parts distribution company called Power Twins Performance Parts. ️

    All I could afford to rent was a 400 sq ft mezzanine in the back of a warehouse, so every time I got an order, I had to climb up a ladder and back down again, balancing a box on my shoulder. It’s a wonder I never smashed my skull on the concrete below.

    I had no idea what I was doing, so I just straight-up asked the dealers across the country, “What do I need to do to earn your business?” 

    Their responses were remarkably consistent and straightforward:

    “Have the parts in stock and deliver them fast!”

    Alrighty, then!

    Based on this, I focused on two things:

    First, I vowed to have the best fill-rate in the industry. It wasn’t easy since I had extremely minimal cash flow. But I was determined. 

    I watched the inventory like a hawk and placed smaller, more frequent orders with my suppliers. This often meant re-ordering on the very day I sold the ONE item I had in stock. 

    Of course, this was much more work and more costly, but I offset that by quickly improving my fill-rate to over 95%; a number that was unheard of in the industry.

    My customers started to take notice.

    Next, I established contract rates with the major national couriers and began delivering over 90% of my shipments OVERNIGHT for FREE. (This was years before that Bezos guy started flogging books out of his garage.)

    Suddenly, my little company was a trend-setter. My customers were amazed at the new standard I was setting for super-fast, reliable delivery.

    My much larger fat-cat competitors stirred in their sleep and blinked just a little bit. But they must have figured it was only a matter of time before I bankrupted myself. After all, how could I possibly afford to offer free overnight shipping? 

    Well, I had to run lean and mean, and I offset a portion of the extra cost with slightly higher prices.

    But my customers were quite happy to pay a little more for fast, reliable service. After all, I was delivering exactly what they asked for.

    My sales increased rapidly over the next few years, and I negotiated better and better rates with the couriers, so my profit margins steadily improved.

    By the time my competitors finally woke up, it was too late for them. I was no longer the “little guy.” They scrambled to catch up, but I was always five steps ahead of them.

    Out-Think, Out-Service, Out-Sell

    Having the best fill-rate and providing the fastest delivery were two of the most important examples of how I out-serviced and out-sold my competitors, but there were many other programs I implemented over the years, all based on customer feedback.

    By focusing on delivering a superior experience to my customers, I never had to worry about the bottom line. In fact, I grew my sales at an average rate of 55% every year for 14 years.  From a tiny start-up, my business eventually became the national leader in the industry, and it’s still around today, operating as Parts Canada.

    So, what does all this have to do with Real Estate?  Only everything.

    In business (and life), it’s all about your attitude.

    When I started in Real Estate—just as in my previous career—I asked people what they wanted, and once again, the answer was simple and straightforward: 

    “Better communication and guidance throughout the process” were the main answers I got. So, once again, I listened and figured out how to deliver.

    Keep it Simple

    My success in the motorcycle parts business was simple. I asked my customers what they wanted, and then I figured out how to deliver.

    In Real Estate, it’s the same thing. Stop chasing commission cheques, and start figuring out how to deliver what people want.

    “Try not to become a person of success, but rather try to become a person of value.”  — Albert Einstein

    My third major life venture (Agent Skills) is where I get to SHOW you how to become a person of value. When you achieve that, success naturally follows.

    It really is that simple.

    Ted Greenhough,

    Agent Skills, Corp.

  • Why Simple Offers are the Best Offers

    Why Simple Offers are the Best Offers

    A few weeks ago, I talked about How to Mitigate the Most Stressful Part About Being a REALTOR®, like when you have to rely on an unskilled, inexperienced agent on the other side of a transaction.

    I encourage you to re-read that post. It demonstrates how—by acting proactively and initiating a cooperative and respectful tone with your “opponent”—you can gain much more control over a negotiation than you previously thought.

    Continuing with that train of thought, have you ever received an offer loaded with unusual or unnecessary terms and conditions? 

    When this happens, does it throw up multiple red flags?

    It sure does for me! It tells me that the other agent is likely to be difficult and unreasonable. My clients instinctively see red flags also, which makes them less willing to negotiate on the price. This is counter-productive from the buyer’s perspective, so why the heck do they do it?

    It’s almost always because the agent is either trying to mitigate a past bad experience, or (adopt your snarkiest voice), “they’re simply following their clients’ instructions.”

    Yes, I know you’re supposed to follow your client’s lawful instructions! But this doesn’t mean you shouldn’t speak up if you think your buyer clients are making a mistake! 

    What the heck are you talking about, Ted?

    I’m talking about ANYTHING that draws attention AWAY from the two most essential parts in every Purchase Contract.

    1. The price, and;
    2. The closing date.

    If you’re able to cooperate with the sellers on the closing date, you can immediately concentrate on the #1 most important part of every contract—the price. The quicker you get to this, the better. Everything else is a distraction.

    There are all kinds of whacky and weird terms that I’ve seen in contracts, usually initiated by the agent “because they had one bad experience back in 1995,” so they’ve been writing this extra term in every offer, ever since.

    OK, I get it that you had a bad experience. But maybe you should reconsider if you’re honestly acting in your clients’ best interest. Adding undue complexity to an offer to minimize a slight risk could cost your clients much more than it’s worth.

    Sometimes, even the simplest thing can throw people off. For example, let’s say your buyers want to add a term that the sellers will shampoo the carpets before closing. That sounds harmless, right? 

    It’s a softball example, and the truth is it probably is not a big deal. But you don’t know. The sellers might see it as a supreme pain in the butt; one more thing they need to worry about when they’re already overwhelmed coordinating their move.

    Or they might even take offence! 

    “They think our house is dirty? We had everything thoroughly cleaned before we listed, including shampooing the carpets. How insulting!”

    Hey, I still get surprised about how emotional my clients sometimes get over the tiniest of details.

    So, is it worth it to take the chance over something so inconsequential? 

    Wouldn’t it be better to concentrate on getting the best possible PRICE, rather than complicating the offer with inconsequential minor details?

    Sometimes, getting that carpet cleaned could inadvertently cost your client an extra $5,000, and they won’t even know it.

    The point is, no matter what minor details your buyer client wants you to add to an offer, I suggest you always counsel them to concentrate on the Big Picture:

    “A simple, uncomplicated offer is always more appealing to the seller. The sooner we get to negotiating the price—with no distractions—the more successful we’re likely to be.”

    Don’t kid yourself. Every tiny detail you include in an offer has a value to both the buyer and seller, and they rarely see things the same way.


    One-time offer: Some of you may have noticed that the cost of the Agent Skills Master’s Program doubled a little while ago. The old price was an introductory offer, and it was long overdue to go up. However, if you’ve been sitting on the fence, here’s a one-time offer to buy the course with lifetime access for the old price (CDN $1250 or USD $997). This is your last chance to get in at this price. The coupon expires at midnight on December 31!

    Discount code: LASTCHANCE21

    Note: The Master’s Program has never been discounted before and will never be offered at this price again!

    Ted Greenhough,

    Agent Skills, Corp.

  • How to Create Squirmy-Wormy Anticipation with Listing Prospects BEFORE You Meet Them

    How to Create Squirmy-Wormy Anticipation with Listing Prospects BEFORE You Meet Them

    (RAM readers: Read this post and find out how to join me next week for a full demonstration of my Listing Presentation.)

    In my last post, I talked about How to Make a LOT More Money with a LITTLE More Effort.

    The first step is to book your listing appointments 3-4 days ahead to ensure you have sufficient time to prepare properly. After all, we’ve all got 1,000 other things to do, right?

    I know! You’re scared that if you book the appointment too far ahead, some other agent might scoop the listing. Right?

    But, if you know how to make a solid impression on the phone and you follow up quickly with the correct information, it’s easy to build anticipation and loyalty BEFORE your meeting. 

    Here’s how I do it:

    I’ve designed a Seller Information Form that covers all the basics, PLUS it helps me identify the prospect’s communication style, motivation level, price expectation, and which other agents they are interviewing.

    It’s a massive advantage (and a time saver) to have all this information ahead of time, and it’s EASY to get if you know how to ask the right questions in a non-confrontational way.

    (Note: The exact Seller Information Form I use is included within module #9, ‘Setting the Stage’ in the Agent Skills Master’s Program.)

    During this initial call, I also provide a very brief overview of the various topics I will cover during our meeting, including:

    1. A Comprehensive Market Overview – How current market conditions may affect the listing.

    2. Pricing Strategy – How to get the highest possible price in the shortest possible time.

    3. Pre-listing Preparation – What steps can be taken before you list to maximize the sale price?

    4. Marketing – My exact strategy on how to generate the most high-quality showings.

    5. Communication Plan – How I keep my clients thoroughly informed throughout the process. 

    I also tell them that I’ll be emailing a list of recent SOLD listings (not ACTIVES) before the meeting, including the list price, sale price, days on the market, full description, and all the pictures.

    This is all designed to create excitement about our upcoming meeting!

    After I’ve hung up, I email my Pre-Presentation Letter (also included in ‘Setting the Stage’), which summarizes everything above. Some people are better at auditory information, and some are better at visual, so between the phone call and the letter, I cover all my bases.

    Then, I get to work on the CMA, and I send off the SOLD comparables at least one full day (preferably two) before our appointment. Of course, there’s a whole strategy around this, which I cover in ‘The Big Picture CMA.’

    Two key points:

    1. 99% of your competitors have no system whatsoever for gathering and conveying information during prospective listing calls. If you have a solid professional system, you’ve already made a powerful impression. 

    2. After you send your Pre-Presentation Letter and the sold comparables, you’ve now solidified your position as the most knowledgeable and professional agent they are planning to interview. Of course they’re going to wait for you!

    If you do it right, your prospects will be primed and squirmy-wormy anticipating your listing presentation. And—even more importantly—your execution is going to be exceptional because you’ve allotted the necessary time to be thoroughly prepared.

    (Reminder: Check my previous post for a solid game plan on how to prepare for a listing presentation.)

    Having easily repeatable systems and procedures and knowing the right questions to ask goes a long way towards building loyalty long before you’ve ever met your prospects. 

    (Master’s Program Members: Make an Appointment with Yourself to review ‘Setting the Stage’ one more time! And keep working on fine-tuning that presentation!)


    Watch my Listing Presentation

    If you’re a licensed Real Estate agent anywhere in North America, and you’d like to see my listing presentation, simply respond to this email, and I’ll send you a link to a Zoom presentation next Thursday, December 9, at 10:00 a.m. (MST).

    I’ll walk you through my entire presentation from start to finish.

    Note: I will NOT be recording the presentation, so please block off one hour in your calendar right now. The reason it’s a full hour is to allow sufficient time to explain the psychology behind each segment of the presentation. It’s powerful.

    Ted Greenhough,

    Agent Skills, Corp.

  • How to Make a LOT More Money with a LITTLE More Effort

    How to Make a LOT More Money with a LITTLE More Effort

    If I asked you to put your head down and work hard for one hour to earn $10,000, would you do it?

    Well, duh! Who wouldn’t?

    Of course, it takes way more than one measly hour to earn a $10,000 commission. 

    But I’m talking about the times when you missed out on a commission for want of a tiny bit more effort.

    Trying to earn a commission with as little effort as possible is like being a reckless amateur gambler. 

    You’ll still win sometimes, but you’ll lose way more commissions than you should.

    Putting $10,000 into perspective.

    Think about how long it takes a skilled tradesperson to make $10,000. If they’re highly qualified with several years experience and are lucky enough to have a top-paying job in their industry, $10,000 probably represents a MONTH of hard work at around $60/hr.

    Compare that to the last time you lost a great listing because you didn’t spend an extra hour (or ten minutes) ensuring that you were fully prepared. 

    Have you ever foolishly blown up $10,000?

    I have. Many times. Some of my past blunders from years ago still make me cringe.

    For missed listing opportunities alone, here are three of the dumbest reasons I gambled away $10,000 or more:

    1. It was a referral from a friend, and I thought it was a slam-dunk; 

    2. I got busy doing other stuff and didn’t allow myself sufficient time to prepare;

    3. I was just plain lazy and figured that what I had prepared was “good enough.”

    Whatever the reason, over the course of my career, I’ve lost the equivalent of several YEARS worth of a skilled tradesperson’s wages.

    Then I finally figured out how to minimize the odds of losing

    Here’s how you can do it too:

    1. You must have a professional Listing Presentation. If you don’t have one or yours needs work, schedule time to improve it and practice weekly.

    If you invest 50 hours into developing a great listing presentation over the next six months (two hours per week), it will pay off for the next TEN years. That investment of time could easily return a million dollars or more in additional commissions.

    That’s $1,000,000 for 50 hours of work ($20,000/hour). Is that enough incentive for you? 

    Life Hack #1: Some investments don’t have an instant payout, but the return can be life-changing over time.

    2. Try to schedule your listing appointments for 3-4 days after the first contact. The extra time provides flexibility to schedule CMA prep time around other vital tasks without cutting corners and causing unnecessary stress.

    (If you’re worried about losing the listing to another agent who might react quicker than you, there’s a simple way to ensure that never happens, but it’s a big topic. If you’re curious, book a 15-minute call with me here. I’m happy to help anyone who asks.)

    3. Immediately after you set the listing appointment, schedule an ** ‘Appointment with Yourself’ ** to get started working on your CMA. It’s good to get your brain thinking about how to approach your CMA as soon as possible, long before your appointment.

    Life Hack #2: Every successful person in the world purposely schedules time to think and plan.

    4. Schedule another ‘Appointment with Yourself’ one day before your appointment to review and fine-tune your CMA. This might take only 10-15 minutes, but you’ll be surprised how often a second look will give you a different insight. 

    Life Hack #3: Your brain is a powerful engine, and it can do amazing things all on its own if you keep it primed.

    5. Block off one more ‘Appointment with Yourself’ for a full hour right before your listing appointment, not including travel time. Most times, you won’t need the entire hour, but it’s no big deal to have time left over. For example, use 10-15 minutes of the allotted time to review your CMA, and then use any spare time to respond to messages or check your email.

    If you do need the entire hour, you’ll be glad you’ve allotted that vital time immediately before your appointment. I can’t tell you how often I’ve had a last-minute insight and made a critical change to my CMA within an hour before my listing appointment.

    6. Plan to arrive 15 minutes early. This eliminates anxiety in case you run into bad traffic or whatever. (If you’re perpetually late, read this.) ⏰

    When you arrive, park down the street, and review your CMA and presentation one last time. This final review ensures that the information is fresh in your mind and increases your chances of a clear and polished delivery.

    If you do everything above, you will dramatically improve your success rate. Most agents will earn at least an extra $50,000 or $100,000 every year, with just a LITTLE more effort.

    The main point of this post is that you’ve got to plan to succeed, which means you must purposely allow sufficient time for preparation to ensure you are on top of your game. Of course, this goes for all the other ways we gamble away our commissions—not just listing appointments!

    REALTORS® are notoriously terrible at leaving everything to the last minute, which is an exorbitantly expensive and simple problem to fix. If you need some help with this, book a 15-minute call with me here

    Or, if you’ve already taken the Master’s Program, go back and review ‘Getting Stuff Done’ and ‘Setting the Stage’ one more time.

    Last word: You just read this entire post, and you’re saying to yourself, “Who has time to book all these ‘Appointments with Themself?’

    Answer: I did. But only when I was making over $800,000 per year in commissions. Before that, when I was making less, I didn’t have time either. Think about it. 

    The time we have every day is limited. It’s all about using more time doing the right things and less time doing the wrong things.

    If you’re overwhelmed and still not making the money you want, all you need are better skills. Perhaps you should consider taking my course.

    ** ‘Appointment with Yourself’ ** Treat every ‘Appointment with Yourself’ precisely like an appointment with your best client or your dentist or a date with your spouse. That means you block off the time and work the rest of your schedule around your appointment. Your time is just as important as anyone else’s. This is one of the cornerstone principles I teach in ‘Getting Stuff Done.’

    Ted Greenhough,

    Agent Skills, Corp.

    I teach GOOD REALTORS® how to become GREAT REALTORS® with a simple, logical, easy-to-follow, step-by-step program.

  • Social Media – The Mind-Numbing Productivity Killer

    Social Media – The Mind-Numbing Productivity Killer

    I’ve had some success in my life, but I’m FAR from perfect. I struggle with stuff, just like you.

    Lately, I’ve noticed that my addiction to Facebook has gotten worse. 

    How about you? Do you find yourself wasting time, mindlessly scrolling through your social media feeds? ‍

    To be clear, I’m not talking about USING social media as an essential marketing tool in your business. You absolutely MUST be doing this.

    I’m referring to the scrolling habit—the mind-numbing productivity killer.

    It’s like thinking you can eat one chip out of the bag.

    Nope! Scarfed down the entire bag once again. Do we have any more?

    To overcome my Facebook scrolling addiction, I’ve decided to limit myself to ten minutes of access, a couple of times per day, from my laptop or desktop computer only. As such, I’ve removed the app from my phone. It’s gone. Forever.

    This eliminates the temptation to ‘Tap the App’ whenever the slightest bit of boredom creeps into my day. 

    No more thinking I can eat a single chip out of that family-size bag.

    Scrolling your social feeds may seem harmless, and it’s not like there aren’t some good aspects to it.

    The good stuff

    One of the good parts of Facebook for me is keeping up with whatever fun stuff is happening with my friends. And, I love having a “journal” of various events and trips I’ve taken over the years. 

    The bad stuff

    But lately, the good parts are far outweighed by the bad, the most significant being negativity itself. I’m tired of people griping at each other over stupid disagreements, with zero chance of ever changing the other’s mind (not that I haven’t gone down that rabbit hole myself a couple thousand times, or so).

    I’ve also recently noticed the proliferation of AFG’s (Ads For Garbage). I’m embarrassed, but not too proud to admit, that I’ve been sucked into buying products from slick-looking companies on Facebook, received them, and literally thrown them straight into the trash. ️

    Never again

    I genuinely find it fascinating that these companies can spend millions producing professional, ultra-slick ads (along with hundreds of seemingly fake reviews), but they don’t seem to give two moose berries about the actual product they’re selling. What a colossal sham!

    Note to every REALTOR® reading this:

    If you think you can “market” your way to lasting success without actually BEING a great REALTOR®, you’re dead wrong. In a local, relationship-based business, your reputation carries more weight than anything else you’ve got. 

    Of course, the biggest problem with social media is the sheer overwhelming waste of time and reduced productivity. If you still think it’s harmless, for one single day, I implore you to keep track of how much time you spend ‘mindlessly scrolling.’ Then, ask yourself, “What else could I have done with that time today?”

    If you accomplish more while you’re at work, it means you can spend more quality time with your friends or family. So that’s what I’m training my brain to focus on. Less scrolling = More quality time with others.

    Nobody on their deathbed ever said, “I wish I spent more time working.” True, but when you’re at work, you need to Get Stuff Done. And remember this:

    Nobody on their deathbed ever said, “I wish I spent more time mindlessly scrolling through my social media feed.”

    I’m ready for a change. It’s not going to be an easy habit to break, but I’m determined. How about you? 

    Will you join me? Just respond “yes,” and I’ll send you back a few words of encouragement. We can do this together!

    (Yes, I read and personally respond to EVERY email I get.)