Latest / The Real Estate Agent Playbook / The Real Estate Market Changed. Most Agents Haven’t.
Transcript
- 0:00right now the real estate market is hard
- 0:02I was recently on a call with the CEO of my company
- 0:05Leo Preya an industry leader who oversees multiple brands
- 0:08and
- 0:08he said something that perfectly captures exactly what we are feeling
- 0:12right now he said winter is here
- 0:15and what I take from that is
- 0:16if you are a producing real estate agent and fighting through this
- 0:19you are bundled up and ready to go
- 0:21it's getting the right layering
- 0:22that will pull us through this all together
- 0:25I love that analogy because it validates the reality of the market
- 0:29without giving us an excuse to quit
- 0:31it is not that deals aren't happening
- 0:33many of you are still closing deals right now
- 0:36but the sheer
- 0:36exhausting effort required to get a transaction to the closing table
- 0:40is leaving agents completely burned out
- 0:42you are speaking out about the struggle
- 0:45and you have every right to feel it
- 0:52before I get into the real estate
- 0:53I was a psychology major and I can tell you
- 0:56that a massive part of this mental block we are facing is internal
- 1:00our market changed
- 1:01our creativity stalled and our mindset took a massive hit
- 1:04if you are sitting there
- 1:05feeling like you are grinding harder than ever for half the return
- 1:10I want you to know you aren't crazy
- 1:12but you also don't have to carry that weight alone
- 1:15if you want to connect with someone right where you were at
- 1:17someone who
- 1:18understands the friction and might just be a step or two ahead of you
- 1:23or even just chat with me directly
- 1:25don't hesitate drop a comment
- 1:27send me a DM and let's talk
- 1:29with over 300 agents in my organization
- 1:31that I talk to almost on the daily
- 1:34I have someone that is just like you and can help you
- 1:37and the beauty of that is there's three of us
- 1:40you got me you got them
- 1:41you got you and we can get through this together
- 1:44let's talk today we are going deep
- 1:46I'm going to break down the psychology of surviving this shift
- 1:50what that layering actually looks like for you and your daily habits
- 1:54how to manage the intense panic of your clients
- 1:57and why building a micro community
- 1:59is the absolute only way to survive this winter
- 2:01let's start with the reality of the numbers
- 2:03because good business strategy has to be built on facts
- 2:06not feelings in July of 2026
- 2:09the national existing home sales hovered
- 2:11around an annual rate of 4.05 million units
- 2:14and depending on your local market
- 2:16median days on market have climbed well into the 50s
- 2:19it is a slower harder
- 2:21more expensive environment to operate in
- 2:24but here is a fascinating trend I am seeing inside my own organization
- 2:28some of our brand new agents are having a ton of success
- 2:31while seasoned veterans are the ones who are struggling the most
- 2:35mentally why is that
- 2:37cause the veterans are stuck mourning a market that no longer exists
- 2:41they're operating on habits that we were built
- 2:43when homes sold in three hours
- 2:45with waived inspections appraisal gaps and 20 offers
- 2:48the rookies are winning
- 2:50because they don't have to unlearn those habits
- 2:53they don't know what 2021 felt like
- 2:55they're just doing the work required for the market
- 2:58sitting right in front of them today
- 3:00to survive this we have to restructure our daily routines
- 3:04we have to stop expecting the easy lay down deals to come back
- 3:07and we have to lean into the friction
- 3:09if winter is here you cannot walk outside in a T-shirt
- 3:12stand in the snow and complain that you are cold
- 3:15you have to put on the layers and adapt to this environment
- 3:18my kids are almost teenagers
- 3:20but I can remember having the same argument with my mom
- 3:24about wearing shorts to school
- 3:25when it was 23 degrees outside
- 3:27so what does layering up actually mean
- 3:29for the real estate agent right now
- 3:31it comes down to three specific layers
- 3:34your communication your systems and your environment
- 3:37the first layer is communication
- 3:39in a boom market you could get away with being a tour guide
- 3:42who just opens doors and writes contracts
- 3:44today you have to be a strategic advisor
- 3:47this psychology shift doesn't just apply to us
- 3:50it applies heavily to our clients
- 3:52you cannot lead a client through a complex transaction
- 3:55if your own mindset is defeated
- 3:57think about what your clients are dealing with
- 4:00you have buyers whose social media feeds
- 4:01are bombarding them with terrifying headlines
- 4:04that the market is going to crash
- 4:06they're paralyzed by fear
- 4:08on the other side
- 4:09you have sellers who are deeply frustrated and anxious
- 4:11because their home has been sitting active for 45 days
- 4:15and human nature means they're starting to blame you
- 4:18your job is to bring clear thinking to the table
- 4:21you have to separate the media's national drama from your local
- 4:24hyper specific data you need to sit down with your sellers
- 4:27and show them exactly
- 4:29the absorption rates in their specific neighborhoods
- 4:32so they understand why the strategy needs to shift
- 4:35why the price might need to adjust
- 4:37and why you need to offer a concession if it's asked for
- 4:41for your buyers
- 4:42you have to show them historical data that proves timing
- 4:45the market is a fool's game
- 4:47you have to remind them that they are buying a
- 4:49a monthly payment and a lifestyle
- 4:52not a short term stock
- 4:53when you bring clear level headed perspective to the table
- 4:56the panic dissipates the second layer is your systems
- 5:00when deals are hard to come by
- 5:01you absolutely cannot afford to drop a single lead
- 5:04if you are still running your business out of a spiral notebook
- 5:07or if you are treating your CRM like a glorified address book
- 5:11that you only log into when you feel like it
- 5:13you're leaving massive amounts of money on the table in a winner
- 5:17market follow up is everything
- 5:20your systems have to be airtight so that your follow up is automated
- 5:24you need to leverage technology
- 5:25so that your database is being nurtured in the background
- 5:29why
- 5:29because you need to leave your mental energy and your psychology free
- 5:33to handle the complex human problems that actually get deals closed
- 5:37you cannot be a brilliant negotiator and calm advisor
- 5:40if you're stressed about who you forgot to call back yesterday
- 5:44systems buy back your mental bandwidth
- 5:46if you're interested in learning more
- 5:48you can comment lofty below
- 5:49and I have gone complete CRM automation
- 5:52and I'd be happy to show you my system
- 5:54you can also check out some previous videos on my channel
- 5:57this brings me up to the third and most important layer
- 6:00your environment the biggest psychological threat
- 6:03to a real estate agent right now is isolation
- 6:06as solo agents when the market gets tough
- 6:08our natural human instinct is to retreat
- 6:10we put our heads down we isolate ourselves
- 6:13we grind harder
- 6:14and we try to shoulder the entire burden of this difficult market
- 6:18by ourselves but you cannot survive a winter on an island
- 6:22there's an old proven
- 6:23psychological principle
- 6:25that we are the average of the five people we surround ourselves with
- 6:28I want you to take a real hard honest look at your circle right now
- 6:32if you're surrounding yourself with agents who do nothing
- 6:35but complain about interest rates
- 6:37sit around the office talking about how terrible the market is
- 6:40and obsess over sitting listings
- 6:43that is exactly what your mindset will reflect
- 6:46negativity is incredibly contagious
- 6:48but so is strategy we have to start building micro communities
- 6:52you need to be in rooms with people who are actively figuring it out
- 6:56you need to peer support from agents who are bundled up
- 6:59layered correctly
- 7:00and walking out into the cold every single day to do the work
- 7:04the work that you are in currently
- 7:07when you share your struggles
- 7:08with someone who is fighting the exact same battle
- 7:11it normalizes the difficulty
- 7:13it removes the shame of a deal falling through
- 7:15a micro community allows you to brainstorm
- 7:17share what is actually working with sellers right now
- 7:20and push each other forward
- 7:22when the weight of the market gets incredibly heavy
- 7:24and the honest truth is when we're sitting in the office
- 7:27with the other people that are geographically restricted
- 7:29to a certain zip code or certain area
- 7:32then competition starts to creep in over collaboration
- 7:36and it just doesn't make sense
- 7:38if you are in an environment
- 7:39that you feel like there's more competition than collaboration
- 7:42we need to talk inside Carbon Collective
- 7:45this is exactly what we are focusing on
- 7:47it is not just about high level coaching
- 7:50it's about creating a network of producers
- 7:52who refuse to let each other fail
- 7:54is about sharing CRM architectures
- 7:56Spanish language training
- 7:57and real time market strategies just because it might work
- 8:01so that is no one operating in a solo Silo
- 8:04if you are feeling the weight of this market right now
- 8:07remember that you don't have to navigate it alone
- 8:09if you wanna connect with someone right here
- 8:11right where you're at
- 8:12whether that's an agent in our network who is a step ahead of you
- 8:16or you want to connect with me directly
- 8:18reach out send me a DM and let's chat and let's do the work
- 8:22let's make a plan not because I have some magic
- 8:25secret script that will instantly fix the market
- 8:28I certainly don't but I can put you in contact
- 8:30with some of the incredible agents in our network
- 8:32who are going through exactly what you are going through
- 8:35right here right now
- 8:36let's build a micro community around you
- 8:38raise your average and get you the support you deserve
- 8:42send me a DM or click the link in the description to book a call
- 8:45and if you want to make sure you aren't making the foundational errors
- 8:49that make a slow market even worse
- 8:51click the video right here to see this
- 8:533 strategic mistakes that cost me years in my career
- 8:57keep layering up keep communicating with your clients
- 8:59and I will see you on the next one