You can shorten the sales cycle as our market returns to normal.
As real estate agents, it is important to understand that our success is determined by our actions. This includes comprehending the sales cycles in the market, which normally have a lag of 3 to 6 months between your actions and results.
However, the last three years in the real estate market have been a frenzy due to low interest rates, low inventory levels, and a surge of buyers. As a result, many agents could close deals within 30 to 45 days of first contact with clients. This quick closing rate is not the norm and is due to the exceptional market conditions that are unlikely to return.
“As we start this new year, the sales cycle will be more normal.”
If you got your license within the last 2 or 3 years, you probably closed lots of deals quickly without having to do a lot of work to get clients. That’s great, but now that the real estate market is returning to normal, homes are taking longer to sell, and buyers face difficulties getting qualified. This means that agents must work harder to get clients and close deals.
As we start this new year, the sales cycle will be more normal. This means the results you’re getting now have already been determined by your activities during the 3rd and 4th quarters of last year. If you don’t have proper guidance, you may be taking actions that will not bring results.
To shorten the sales cycle and learn what activities you have to focus on, you can contact us today for a free Business Strategy Session. Our coaches can help you audit your business, determine what is and isn’t working, and provide you with a clear game plan to achieve your 2023 goals and grow your business.
If you’re feeling stuck or uncertain about your business, call or email us. We are here to help. Remember, it’s not the market…it’s the marketing that makes the difference!
