No bidding war? Here's how to win the deal.
Fewer auctions, more private treaty. Josh breaks down the offer the gets signed. iD4me helps you get more buyers to the table.
Ten minutes with Josh Phegan: Winning without a Bidding War
What Josh covers
Know the number first
Know whether the seller is selling for a profit or a loss before you present anything. Josh puts 5 to 10% of Australian sales each year at a loss.
Ask buyers the three whys
Ask every buyer three questions: why this one, why else, why now. That is your leverage.
Negotiate the price last
The six elements of an offer, in order: name or entity, solicitor, deposit, settlement date, conditions, then price. Never work on price until the first five are done.
Find the second buyer
A $900,000 underbidder is what makes $950,000 look like the money. Present the offer to the owner in person, ticks first, price last.
"I never work on price until I've got the first
five elements."
Josh Phegan, What To Do When Markets Shift
Two plans. Pick yours.
Agent Plan
Mobile, email and DNCR status for the owners in your patch.
Team Plan
Every agent prospecting, one bill, reports on who's calling.
What To Do When Markets Shift: all five episodes
EPISODE 1 • 7 OCT
Great Buyer Work
Watch now
EPISODE 2 • 7 OCT
Leading Through a Slowdown
Watch now
EPISODE 3 • 21 OCT
Winning Without a Bidding War
Now Playing
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EPISODE 4 • 4 NOV
A Weekly Rhythm
Coming 4 Nov
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EPISODE 5 • 18 NOV
Selling Through the Election
Coming 18 Nov
RUNNING A TEAM?
Get the whole office watching, and calling.
Every agent prospecting, on one bill, and you see who's calling.
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