Human Nature in the Real Estate Business

Today I’m joined by Mark Davis, team leader at Keller Williams Kingstown, to tell you about an important conversation we had recently about human nature and how it concerns our business. Specifically, we were talking about how people think and how they make decisions differently in desperate situations.

 
 

As Mark summed it up, “The brain on purpose is far more powerful than the brain on panic.” It’s scientifically proven that when you’re in panic mode (i.e. furious instead of curious), the creative, problem-solving portion of your brain is cut off.

A BRAIN ON PURPOSE IS MORE POWERFUL THAN A BRAIN ON PANIC.

How does this apply to the real estate business? For the past six or seven years, we’ve been riding an incline. An upcoming shift, however, is being widely predicted. As soon as this shift happens, every single agent in our marketplace will be in panic mode and unable to make a clear decision.

How can you be purposeful, then, during this market shift? What you want to do is lead generate consistently, examine your expenses carefully, save money, and leverage out. Whether it be a virtual assistant or an on-site assistant, you need to find a way to focus on sales instead of paperwork. As we all know, no agent likes paperwork.

If you’re a producing agent in the Northern Virginia area looking for help in preparing your business for this all-important shift, you can reach out to Mark at (703) 562-1800 or MarkDavis@KW.com for a free, confidential consultation. If you have any other questions, don’t hesitate to call me or send me an email. We look forward to helping you.

Dan Rochon

Dan Rochon is an Associate Broker in VA, Broker in MD; Owner of Rochon Investments, LLC; Owner and Co-founder of www.GreetingsVirginia.com and Owner of other Joint Ventures as well as a real estate principles instructor at Moseley Real Estate Schools.

As a real estate sales agent, Dan and his team are consistently top producers in their marketplace and provide solutions for their clients. Through their investing company, Dan and Traci Rochon have been investing in residential and commercial real estate ventures for more than the past decade.

Dan and his wife Traci are frequent speakers and are often quoted in media stories about the current real estate market. The Rochon's have been featured on The Nightly News with Brian Williams, The Today Show, CNBC, The Washington Post, The Washington Examiner, WTOP News, Voted as The Best of DC Real Estate Agent in the Washington City Paper Readers Poll, and more...