Are you suffering from the correcting real estate market?
Revenue down? Expenses up because you increased your expenses as your revenue was increasing over the last 7 years?
Take these 3 Steps to make sure your real estate company is profitable next month.
Step 1.
Start with Reducing Your Real Estate Office Costs and Expenses
The mistake not to make is thinking that your expense cuts have to come from one or two big categories. Look at the small categories also.
Pull out your Profit and Loss statement and review with a 10% reduction in overall expenses as your goal.
Step 2.
Calculate the total volume of listing inventory and what that would equate to company dollar when sold.
Ex. $20,000,000 in listing inventory. 3% List Side commission. Agents are on an average 70/30 commission split. There would be a total of $180,000 in company dollar waiting for you.
Step 3.
Create a Correct Price Initiative.
Work with your agent partners to determine what listings need to have the price corrected, find out the sellers motivation and coach your agents on scripts and strategies to get the listing price lowered to a saleable price.
Contact me for the FREE “21 Strategies For Price Reductions” DarinPersinger@gmail.com