275 - FIRED - Losing A Listing and Dealing with Failure [Full Debrief]

Welcome to our interview podcast with Michael and Willemina! In this episode, we dive deep into a lost listing and debrief on what we did well and what we can improve. Join us as we explore the emotions, challenges, and lessons learned from this experience. We kick off the episode by setting the stage for our discussion. We delve into the backstory behind the lost listing, providing valuable context for our analysis. One of the key topics we explore is the cost of an overpriced listing for an agent. We also explore the sting by shedding light on the disappointment and frustration accompanying missed opportunities. Listening to the market is a skill every agent should cultivate. We reflect on our attempts to understand and adapt to its demands. The challenges of having a home on the market for an extended period are explored as we empathize with the frustrations of both homeowners and agents involved. Valuations can be a stumbling block for many agents. We share valuable tips for overcoming this hurdle and accurately pricing properties. Additionally, we examine the idea that a home is an extension of the person residing within it, emphasizing the importance of understanding this connection in the sales process. Finally, we wrap up the episode by evaluating our performance in handling the lost listing. We analyze what we did well and identify areas for improvement, providing valuable insights and takeaways for agents and industry professionals. 0:00 Intro 1:32 Backstory 5:50 What does an overpriced listing cost an agent? 7:43 The sting of loss 9:20 Being aware of your internal feelings coming through 10:20 Don’t go against your judgement 15:21 The market speaks - we try to listen 18:31 Having a home on the market for a long time is not a fun process 20:18 Needle in the haystack buyer 27:28 Struggling with valuations tips 28:50 The home is an extension of the person 35:03 The time you get back when you don’t get the listing 40:35 What did we do well and what can be improved Agent 15-Day Free Challenge: https://courses.revrealestateschool.com/ Social Media: TikTok: https://www.tiktok.com/@revrealestateschool Instagram: https://www.instagram.com/revrealestateschool/ Rev Real Estate School is here to teach real estate agents how to become successful in their careers and scale anywhere from 0-100 transactions while working 5 days per week by working your SOI. The real estate agent tips and tricks will benefit beginner agents and growing REALTORs® with marketing ideas, database marketing, social media, scripts, dialogues, habits, mindset, networking, skills, and negotiation.