The logic is so simple, and the result is usually so predictable, having a ‘Ladies Night’ at the local bar or club is a no-brainer. The more foxy ladies there are, the more guys there’ll be to buy ’em drinks etc. Why else would a local bar be packed on a Wednesday night? Gimme a break.
Listings are our foxy ladies. If worked correctly, every night is Wednesday — if you’re a lister. Look, for the record, guys go to bars on Ladies Nights ‘cuz it makes sense to hunt in a guaranteed target rich environment, right? Same with real estate buyers — they tend to congregate where the listings are.
But let’s look at this through the Ladies’ eyes.
They’re the magnets and they know it goin’ in. From bank owned Barb to rehabbed Richelle to young and perky Pamela, they congregate together, knowing there will no doubt be more than enough guys to go around. There’s usually all kinds of gals for all kinds of guys. But make no mistake — no gals? No guys.
Buyer’s markets are what I often describe as a ‘get while the gettin’s good’ situation. Sellers, if possible, tend to stay home when they realize for every buyer there could literally be dozens of houses from which to choose. This is why you won’t find bars lasting long with an extreme undersupply of ladies. Though guys are surely an integral part of the equation, women are in the driver’s seat with rare exception.
This is even true when the gals out number guys on a given night. You know I’m right. See the trio of lovely young ladies over in the corner? They’re all pretty nice, but geez-a-lou, look at the one in the middle. Absolute perfection — a vision of everything that is feminine pulchritude. You think she’ll have a tough time meeting a cool gentleman even though the ladies out number the men 5-1? Yeah, me neither.
This is all my very roundabout way of pointin’ out the obvious. Buyers are a huge part of my business, no doubt about that. But when we’re able, and we are again now (finally), we choose to have as many foxy ladies up on the MLS and elsewhere as we can possibly make happen.
If you’re an agent pondering your future, I’m not here to convince you to become a listing agent. Nor will I disparage becoming a buyer’s agent. I will tell ya this though: You’ll make far more money in the same time as a lister than as a buyer’s agent. Why? Simple — as guys go where the ladies are, buyers go to where the listings are. This is why buyer’s agents use other folks’ listings, ‘cuz if they didn’t they couldn’t attract flies, much less buyers. I don’t mean this pejoratively, it’s unfettered truth. Heck, they’ll tell ya that themselves.
So why wouldn’t an agent choose to be a magnet and make a handsome living from sellers AND buyers? It may be relatively easy pickin’s now for buyer’s agents, but that worm is turning as I write. (He bravely declares.) Those agents who choose to become long term magnets will always have buyers, regardless of the nature of the market.
Though my firm just now returned in spirit and in deed to our local San Diego market, the first thing we did was get a listing. Because we turned it into the foxiest lady in the area (the Bloodhound Way), it sold in about 48 hours. We also did an additional six sides as a direct result of the magnet affect. One foxy lady, seven sides. Works for me. Is it always like that? No. Is it EVER just a listing commission? Hell no.
I won’t put my thoughts into writing as it relates to why agents choose to be ‘buyer specialists’ as it almost always comes off as being less than kind, which is never my intention. Suffice to say, they didn’t do it to make less rather than more income — though that is surely the result, regardless of their loud proclamations to the contrary. If they could be listing agents, most of them would be, and debating that is silly on its face. Agents who’re consistently successful at listing/selling homes while also taking care of the buyers their magnets have attracted, out earn their buyer-only counterparts by Memorial Day most years, if not sooner.
It’s a choice, and certainly the right choice for John may not be for Mary. Please though, let’s not fool ourselves about who earns more over the same period of time, OK? My entire career has been based on this principle, and it’s never failed, not once. I witnessed first hand how it works in a multiple office firm as a high school student, and not a whit has changed since. Back then, never more than 25-30 full time agents combined to close over 1,000 sides a year for four consecutive years. Why not more? Dad got bored.
Again, this is not about what agents decide is best for them. Best is best, and certainly a very personal decision. However, if earning the highest possible income is the primary goal — being a buyer’s agent ain’t gonna cut it, not even close.
I list and sell magnets for a living.
Brian Brady says:
“foxy ladies”
Game over. Bro, they broke the mold when they made you.
Nice work, Jeff.
May 12, 2009 — 10:13 pm
Sean Purcell says:
…it almost always comes off as being less than kind, which is never my intention.
“Never” Gracie? π
Jeff, your ability to turn nuts and bolts real estate discussions into great stories not only reveals the unmistakable truth, but leaves me wanting more. You’re like the Chinese food of clarity. Keep it comin’…
May 12, 2009 — 10:15 pm
Sean Purcell says:
Hey! How the hell did Brian sneak in there ahead of me?
You know, he does the same damn thing at ‘Ladies Nights’ too…
May 12, 2009 — 10:19 pm
Thomas Johnson says:
Sean: Brian embodies ubiquitous. He never left from the last ladies night.
May 13, 2009 — 12:00 am
Joe Loomer says:
When I finally stopped laughing I decided to completely and utterly plagiarise this post at our next team meeting. Thanks for ruining my computer monitor with the coffee I spat out trying to get through it (three times)…..
Navy Chief, Navy Pride
May 13, 2009 — 3:54 am
Teri Lussier says:
You know what kind of cat-sniffing losers hang out on Ladies Night? We are there for the cheap drinks. The reason we go in herds is for protection from the guys…
Wait. Were we talking about real estate?
Yeah. Okay, Jeff. I hear ya. π
May 13, 2009 — 4:26 am
Joe says:
“If youβre an agent pondering your future, Iβm not here to convince you to become a listing agent.”
Hmm, in this market I didn’t think we had choices! Nice post Jeff. π
May 13, 2009 — 5:23 am
Jeff Brown says:
Brian — That’s a lot better than I was told last week by a long time agent buddy. He said they broke the mold before they made me. π
BTW, thought of you & Josh and the wingman story as I wrote it. Good times.
May 13, 2009 — 9:44 am
Jeff Brown says:
Sean — OK, maybe not ‘never’. π
Brian got in ahead as you and he were laughin’ and scratchin’ across the room. He takes ‘ubiquitous’ seriously. π
May 13, 2009 — 10:04 am
Jeff Brown says:
Joe L — Always happy to learn I’ve brought laughter to someone. π Would love to know how your team responds.
May 13, 2009 — 10:17 am
Jeff Brown says:
Teri — Cat-sniffing Losers is the name of my new band. π
I believe you on that point, but we both know the guys who know what they’re doing, still don’t leave the bar alone on Ladies Night. Target rich is target rich no matter how ya slice it.
I spoke to some of my lady buds about it, and every single one of ’em said what you did. π
May 13, 2009 — 10:28 am
Tom Vanderwell says:
You know, that’s one of the things that I love about Bloodhound. When people can write like Greg does and write like Jeff does and they are both welcomed, respected and appreciated. The difference in style is awesome, the learning is varied but essential.
In your own ways, you guys both rock!
May 13, 2009 — 8:09 pm
Greg Swann says:
It’s Geno who can write. The rest of us just hector in prose.
May 13, 2009 — 8:11 pm