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Monday News You Can Use - 09.18.2023

coach donna stott coach mike stott monday news monday news you can use your coaching matters Sep 18, 2023

Read the last line - Chip and Joanna Gaines home for sale. If you could keep it 80% rented that’s $21,000 a month. Over $10,000 a month profit with 25% down.  Can you do the math for your properties?
Mortgage rates are high - demand low  - 7.25%.  Refi’s are non-existent!
This Orlando story applies to most of us. 
Click Bait: "Foreclosure ticks up," BUT only 3,350 homes NATIONWIDE were repossessed in August (about 40,000 a year pace) - with an expected 4.8 million sales or only 83% of the market. Don’t buy any courses :) 

 Real Estate Conversation advancer of the week:


When they say: "We decided to save the commission and sell it ourselves."

What you could say: “I agree that you can save on commission by selling it yourself — we all like to save money. I mean, I shop at Costco too, but did you know that today there are X houses for sale and that last month only Y actually sold?

“That’s an X-month supply of houses if no other homes come on the market, and only 4 percent of all houses sell by owner, which means real estate agents sell 96 percent of houses listed. 

“Most top agents and buyers who are serious will never look at at an FSBO [for sale by owner], and the buyers who will consider buying a FSBO will want to save the same commission that you’re trying to save. Statistics show that FSBOs sell for almost 6 percent less than houses listed with a professional. That means you could have me market the house and pay my fees — and still walk away from the settlement table with more money in your pocket than you would if you sold on your own.

Are you ready to put me to work?”


Your Coaching Matters Supports Agents and Brokers to
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Mike Stott

[email protected]

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC