Published November 22, 2023
Boost Your Buy-Side Commissions in Real Estate
Enhancing your real estate sales with proven commission strategies.
In today's competitive market, boosting your buy-side commissions is crucial. Here are some practical tips to enhance your earnings in real estate sales, especially in the current climate where higher rates and inventory challenges are prevalent:
New-build properties. One of the first steps is to focus on new-build properties. Many new-build communities offer attractive rates and still pay considerable commissions. For instance, while some might pay as low as 1%, you can often negotiate for more. Highlighting the benefits of these properties to your buyer leads can open doors to higher-priced sales with similar payments.
Increase lead flow. Seek more opportunities to connect with buyers. If you're part of a team or brokerage, express your interest in handling more buyer leads. Hosting open houses, even for listings that aren’t yours, can be a great way to gather leads. Look for houses new on the market or those with recent price reductions.
Effective scripting. Having a compelling script is key when reaching out to potential buyers. A simple yet effective script can help convert inquiries into appointments and showings. Remember to offer immediate value and suggest other potentially better properties, demonstrating your commitment and expertise.
To supercharge your commissions, focus on new builds with incentives, increase your lead flow, and improve your scripting for effective communication. If you need assistance or coaching in these areas, feel free to call or email for a complimentary session. Let’s work together to achieve greater success in real estate sales.
