{"id":20519,"date":"2023-12-08T08:08:42","date_gmt":"2023-12-08T08:08:42","guid":{"rendered":"https:\/\/nolimitsselling.com\/?p=20519"},"modified":"2024-01-11T18:25:29","modified_gmt":"2024-01-11T18:25:29","slug":"interest-rates-affecting-house-market","status":"publish","type":"post","link":"https:\/\/nolimitsselling.com\/podcast\/interest-rates-affecting-house-market\/","title":{"rendered":"How Interest Rates Are Affecting the House Market"},"content":{"rendered":"
On Episode 358 of The No Limits Selling Podcast, we have Sean Morrison. Sean is a leader, a Real Estate broker, a Husband, the 99th President of the Ontario Real Estate Association (2020), a proud dog dad and always seeking to bring out the best in himself and others.<\/p>\n
Sean is a people-first leader who believes in empowering the team to meet or exceed the desired goal. He has embraced a lifetime of learning, managed his own business since 2006 as a Real Estate Broker, is a managing Broker for Coldwell Banker Momentum Realty Inc, and was the 99th President of the Ontario Real Estate Association, a not-for-profit association having 90,000 members across Ontario.Having extensive media training, a deep understanding of governance, considerable experience as a member and chair of boards, years of Government relations experience with provincial and federal governments, and almost 20 years of proven leadership experience, it is clear to see how Sean would be a valuable member of any organization or board.Devoted husband, lover of the great outdoors, an enjoyer of wine, seeker of great conversations, and an avid traveler, simply put, Sean is looking to experience life to the fullest.<\/p>\n
<\/span><\/p>\n Find Sean Morrison: LinkedIn<\/a>, Website<\/a><\/strong><\/p>\n [EDITOR\u2019S NOTE: This podcast is sponsored by No Limits Selling. It is a fun, fast-paced podcast that delivers hard-fought business advice that you can implement today to improve your sales and performance]<\/em><\/p>\n Interested In Our Real Estate Coaching Services? Explore Our Website: Link<\/strong><\/a><\/p>\n Feeling Not Well Today? You Can Use Our Mindset Boosters App To amp Up Your Mood: Link<\/strong><\/a><\/p>\n Find us on Social Media: <\/p>\n LinkedIn<\/em><\/a> | Facebook community<\/em><\/a> | Instagram<\/em><\/a><\/p>\n Like what do you listen to? Subscribe to our podcast!<\/p>\n Ready to become fearless? We can help you become fearless in 60 days so you accomplish more in your career Schedule A 15 min Call with Umar<\/strong><\/a><\/p>\n <\/span> <\/p>\n Rising interest rates, influenced by inflation, are causing a downturn in the housing market. This includes a decrease in transaction volume and property values across Canada, particularly in the Greater Toronto Area (GTA).<\/p>\n <\/span> <\/p>\n Realtors should concentrate on fundamental practices, adapt their strategies to stand out, and maintain accountability in their daily activities. Developing relationships with clients and honing communication skills are also crucial.<\/p>\n <\/span> <\/p>\n Agents are advised to manage their marketing expenses carefully, focus on skill development, especially in communication, and utilize office interactions for learning and networking.<\/p>\n <\/span> <\/p>\n Morrison rates the current market as moderately active, scoring it a six out of ten, despite the challenges posed by rising interest rates.<\/p>\n <\/span> <\/p>\n Clients generally perceive the market more negatively, around four or five out of ten, largely due to negative news coverage and the impact of higher interest rates.<\/p>\n <\/span> <\/p>\n Maintaining ongoing relationships with clients is vital for future referrals and repeat business. Providing continuous support and advice can build long-term trust and loyalty.<\/p>\n <\/span> <\/p>\n Transactions are becoming more flexible and mobile, often occurring remotely or at clients’ residences, utilizing digital platforms like DocuSign for convenience and efficiency.<\/p>\n <\/span> <\/p>\n The podcast emphasizes setting realistic expectations with clients, understanding the challenges of the current market, and the importance of realtors offering comprehensive, tailored advice to clients.<\/p>\n Don\u2019t miss this opportunity to transform your real estate career with one-on-one coaching. As an experienced real estate coach, I, Umar Hameed, am dedicated to helping you unlock your full potential and achieve your real estate goals. To learn more about who am I and my clients \u2193<\/strong><\/p>\nSummary<\/h2>\n
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Market Dynamics and Transactions<\/h3>\n
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Strategies for Realtors<\/h3>\n
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Client Relationships and Transactions<\/h3>\n
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Advice for Agents<\/h3>\n
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Market Expectations and Client Perspective<\/h3>\n
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Concluding Thoughts<\/h4>\n
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Questions & Answers<\/h2>\n
How are rising interest rates impacting the housing market?<\/strong><\/strong><\/strong><\/h4>\n
What should realtors focus on in a challenging market?<\/strong><\/strong><\/h4>\n
What advice does Sean Morrison offer to real estate agents?<\/strong><\/strong><\/h4>\n
How does Morrison rate the current real estate market?<\/strong><\/strong><\/h4>\n
What is the general perception of clients regarding the market?<\/strong><\/strong><\/h4>\n
Why is maintaining client relationships post-transaction important?<\/strong><\/strong><\/h4>\n
How are real estate transactions adapting to the current market?<\/strong><\/strong><\/strong><\/h4>\n
What is the overall message of the podcast?<\/strong><\/strong><\/strong><\/strong><\/h4>\n