Coach Patti's Blog

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Do You Have the Real Estate Flu?

Time to take the temperature of your subconscious!

FeverJust like the flu, real estate anxiety is contagious. Agents start to feel squeezed. Like popping vitamin C, they’re hammering out frantic letters to lenders, hoping to cash in on the foreclosure business. To save money, they’re abandoning their marketing. They're looking around for someone—anyone—to blame, and finally, when the fever of anxiety gets too high, they’re leaving the business.

But right there, in the midst of the chaos, there's something else going on. Maybe you’ve noticed: some agents are having their best year ever. How is that possible?

It’s all about mindset.

The reality is that the market has changed—not just a subtle adjustment, and not just sub-prime fallout, but one of the biggest paradigm shifts our industry has seen. And where there's change, there's opportunity!

We now have four generations of buyers and sellers in the marketplace, from Baby Boomers to Gen X, Gen Y, and the Millennium generation. These groups relate differently to each other, to technology and to real estate. The tools we've come to rely on—the MLS, business cards, Just Sold mailers—can't meet all the needs of these groups. How do we keep a competitive edge and not become obsolete, go broke—or go crazy?

TinkerToyWe have to have intention.

As my workshop participants know, I like to get people up on their hind legs, thinking, talking and working together, and, very importantly, laughing. At a recent workshop, I gave the group a challenge: working as a team, you have 30 minutes to build an airplane using all 250 pieces in a Tinkertoy® set. Oh, and one other thing: each person had one arm tied behind their back.

"Impossible!" they said. But everyone quickly realized that "Impossible" wasn’t an acceptable response, and in a half hour they proved that we can accomplish much, much more than we first imagine.

This is the formula for success and it works whether you’re putting together a book, becoming a competitive dancer or having an astonishingly good year in real estate. We all use it sometimes; extraordinary people—Olympic athletes, best selling authors, top producers, even toddlers—use it all the time. The formula is:

I (Intention) + M (Mechanism) = R (Result)

Intention is deep knowing—commitment and focus beyond willpower. It’s in your gut. Mechanism is what you already know: the "how-to." The Result is what you get, whether it’s what you want or not. Where there is 100% intention, there is 100% result; the way to get there will just seem to "appear." If you don’t get the results you believe you want, there's usually something amiss with your intention.

Let's say that the result you want is to take home $200,000 this year. You're going through the motions, sending out mailers, checking the computer, holding your opens, working the mechanism. But you’re just not on track for that result. Why not? You’re really trying, aren't you?

RainingBut wait a minute! Didn't you say, in a private phone conversation, that you hate working? Or silently think that the market is terrible and it’s impossible to be successful? Oops. What just happened to your intention? No wonder you’re not getting the results you want. The stronger of two beliefs will always win out; based on your results, you will always know where your true intention is. Henry Ford put it this way: "If you think you can do a thing or think you cannot do a thing, you’re right."

You can't trick your subconscious. There are two layers to our thinking—the conscious and the subconscious. As we go along on our life journey, we pick up beliefs—from our family, our friends, our teachers, and all kinds of other places. Those beliefs get locked into our subconscious and they hang on for dear life. Some are helpful: "I'm smart." Many are not: "I'm fat." "I'm ugly." "This is a really bad market."

The thing is, as long as we hold those beliefs, the results we get will prove that they’re true. All of our actions are filtered through our beliefs. If your belief is "I can't understand computers," learning how to operate that simple new software is going to be agony. But what if you said, "I can cook, I can understand recipes, so I should be able to understand a computer!" You'd probably be amazed at how quickly you'd "get it."

Teamwork PuzzleTo get what we want, we have to change our beliefs. To change our results, we have to focus and commit to a new belief. Sometimes that takes us outside our comfort zone. This new market means we have to get smarter, learn some new skills, adopt some new tools. We have to think creatively, and we may have to change our beliefs about the market.

To be successful in today's market, we have to become comfortable with being uncomfortable. If we push ourselves through the discomfort—focus and commit to our true intention, both consciously and subconsciously—that new mindset will become our new comfort zone. If you want something different, you have to do something different. If you're not getting what you want, it's the belief that's holding you back.

All the workshops, tips, techniques and brilliant thinking in the world will only work if your beliefs allow you to see the opportunity and the possibility in the market. When we make our intention clear, when we believe it, even if we don't know exactly how it's going to work, we can move mountains, or create books, or do monstrous amounts of business. This really works.

"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." Mark Twain

Coach Patti

Patti Kouri, Accelerated Performance Coaching
Helping You Through Self-Made Limitations!

Take control of your Life and Business, and create extraordinary results.
Join a select group of real estate professionals at
Coach Patti's Annual Jump Start Workshop
, November 14-16, 2008
With special guest speaker, Floyd Wickman.

Reserve your seat today!

2 commentsCoach Patti Kouri • September 14 2008 01:56PM

Comments

You hit it right on the head Patti.  I (along with others in my office) am having the most productive, most profitable year since starting in real estate in 2000.

Keep up the good work P.

Cameron

P.S. Great profile pic! Very warm and inviting.

Posted by Cameron Novak - Featured Short Sale Specialist (The Homefinding Center) about 1 year ago

Patti, thanks again for another great post. I can do all things. And I will always remember that CAN'T is not in my vocabulary.  I will continue to remain focused and committed on the positive things of life. God Bless

Posted by Sonya Rosser (ERA United Realty) 8 months ago

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