Archive for July, 2009

Has your get and go done got up and left you?

Wednesday, July 22nd, 2009

I came across this article by Marshall Northcott. He is a member from one of my Linkedin groups. I liked it so thought i would share.

 

 How effective you are at selling depends significantly on your ability to transfer energy and enthusiasm to your prospect.  You cannot give something that you do not have and that is why it is so important to be aware of the energy drainers in your life.  Once you are conscious of them, it will be easier to deflect and minimize the impact the energy drainers have on you.

 

Good people have a knack for inheriting other people’s problems.  If you have a big heart and a sympathetic ear you probably know how difficult it is to care enough to listen but still remain objective and not permit their problems to creep there way into your life.  You cannot help anyone when you live in their problem.  When your energy level matters, you cannot afford to take ownership of the situation.  Stinkin’ thinkin’, whether your own or someone else’s, depletes your intensity.  Small petty thinkers, negative and abusive people (whiners, complainers and hypochondriacs) are everywhere and they wander the earth with dark clouds looming overhead.  They are the reason for the saying “misery loves company.”  You must identify these people in your life and do your best to minimize your contact with them.  If you don’t, they will drag you down into their world of despair.

 

Inactivity can kill your personal drive and energy.  “A body in motion tends to stay in motion and a body at rest tends to stay at rest.”  Get active at work and at play and you will discover that your energy level will automatically increase exponentially.

 

Depressing news will kill the human spirit.  Whether the news directly or indirectly impacts your life, it has the power to drain your will.  I remember after 9/11, I had an overwhelming need to constantly know what was going on in the world and every moment that I spent in my vehicle I was listening to the news reports.  Eventually, I determined that the more I tuned in to the news, the more depressed I was becoming and the more difficult it was for me to remain upbeat, positive and energized.  I doubled up on my daily dose of positive motivational tapes and music to overcome the effects of the discouraging news.

 

For a short time, a lack of balance might not disrupt your life, but over any length of time it will eventually steal your energy and enthusiasm.  Too much of any one thing over time cannot be good for you.  An energy charged life is fun and enjoyable.  Yes, you must be serious but being too serious all the time will burn you out.  Being light hearted, smiling, laughing and sharing good times makes life worthwhile. 

 

We all live with health challenges from time to time.  I’m not sure why it is that men have a tendency to deny their illnesses until it is too extreme to do anything about.  You cannot perform at your best when you are ailing and it will negatively impact what you do even if you only suspect something may be wrong.  Overindulgence with food, (emotional eating) alcohol, drugs, gambling or yes, even sex can consume your world to the point that your focus, personal drive and oomph are curbed drastically.  Usually, by the time any of these habits are carried to excess it is beyond the control of the person experiencing them.  Professional help is the only way to get things back on track so that your energy can be directed into activities that will produce positive outcomes.

 

Getting involved in, or procrastinating doing work or tasks that you despise will depress you.  If it must be done then get it completed so you may concentrate on activities that excite you.  It’s easy to get caught up doing something that appears important but focusing your efforts on nonproductive activities will deplete you.

 

It’s impossible to operate at your maximum output when hampered by self-doubt.  It creates confusion and emotional instability in our decisions and fear of action.  Gaining control of that voice inside that attempts to sabotage your determination and erode your persistence will make a massive difference in your energy.  Not only does that voice destroy your ambition but it also requires energy to fuel it.

 

Unfinished business or tasks (assignments) clutter our mind and create wasted brain space.  An inner struggle over complacency or a lack of accomplishment will create similar feelings and paralyze us.  A stressful work environment or home life obviously complicates our ability to be our best.  Building a net of encouragement and positive motivation with supportive people will make you strong and powerful.  It gives you the courage to weather the storm during difficult times.

 

Problems with money, credit and personal financial challenges make it very easy for you to lose focus.  Overtaxing yourself with too many monthly payments or financial commitments sometimes seems like a great way to motivate but eventually it catches up and you end up feeling like all you are doing is working to pay the bills (most of which is in the form of interest charges).

 

Unfortunately, it is often out of your control but when you work for a company that makes changes too often (pay plan etc.) it will take you for a ride on the emotional rollercoaster.  Poor office communication will have the same effect on you and it will eat away at your power source.  If you believe that imposed quotas or sales targets are unachievable then subconsciously you will not pour 100% of your effort into your career.  Clashes with customers, management and or co-workers can destroy all your best efforts.  Proactively working towards improving communication will make your life easier and also attest to your leadership skills.  Learning how those seemingly impossible targets are achievable will enable you to devote energy into making them happen.  Great sales professionals learn to master quality communications skills.

 

Going against your personal values and beliefs will nag at you and exhaust your resources.   You must avoid involvement in activities that are opposite to your core values because you will constantly feel like you are an exposed liar.  This will hurt your performance either immediately or at some point in the near future.

 

Your energy level is so vital to your success in business that you must recognize areas that require attention and then work towards making improvements.  This is something that you, must be in control of because it isn’t anyone else’s responsibility but yours.

 

“Has your get up and go done got up and left you?”

I am a poor loser

Monday, July 20th, 2009

I am a poor loser and I would be the first to admit it. Sales is a very personal game, there is a lot of emotion involved, good and bad, a lot of ups and downs. Which is why it is odd when people say “don’t take it personally, it’s a numbers game”. Mind you they usually say that when you lose a deal, as everyone likes to celebrate a win.  Of course one has to take both personally, if you did not get involved you would be short of one ingredient that you do need to win consistently.

You have been there before. You presented your potential new listing client with a comprehensive sales strategy. Your market assessment and commission structure was the same as the competition. You offered a lot of “value added services” like a free home staging consultation or home inspection. You did everything right and still they listed with another agent.

Call it attitude, passion, the will to win, or other names; it is at the core of good selling, it is often the differentiator in the eye of the buyer.  After all, if all things are equal, you’ll go with the winner, the one who projects success, and demonstrates the substance to deliver it.

Some say that people buy foremost from those they like and trust.  This may be true, but ideologically simplistic. All thing being equal, the deal may be decided on price. Another school says that if all things are equal, including price, the deal will go to those who have demonstrated greater knowledge.  But if this is equal as well, then what?  In those cases it will go to the agent who wants it most, the ones that are able to demonstrate that they will use all the resources to make the deal happen by taking an extra step at every stage of the sale.  From the initial image and message they project through the phone on the first call, the additional question they use, the patience they use to get inside the buyers’ decision process. You must be able to prove that you are the “Best” the industry has to offer.

Unfortunately this is a trait that cannot be captured in a chapter or two of a slick sales book, it cannot be practiced or rehearsed, it comes down to doing.  It is the ability to make that extra mile seem that much longer.  Often when I am asked why I won a specific deal, the only answer I have is “I wanted it more than the competition”; how often do you?

I trust this blog (inspiration from Tibor Shanto) has struck a cord with you. If we are currently not doing business together then I need to show you why I am the “Best” the mortgage industry have to offer. (Sorry, but your part time mortgage broker nephew who has been in business a year, does not qualify as the best) Let me show you why you must surround yourself with other associates who are the best at what they do as well. Let’s grab a coffee. Let me know what day and time work best for you.

We welcome your comments.

Everything Happens for a Purpose “This is Good”

Monday, July 20th, 2009

I found this Phil Evans submission and thought I would share.

This is Good

The story is told of a king in Africa who had a close friend with whom he grew up. The friend had a habit of looking at every situation that ever occurred in his life (positive or negative) and remarking, “This is good!”

One day the king and his friend were out on a hunting expedition. The friend would load and prepare the guns for the king. The friend had apparently done something wrong in preparing one of the guns, for after taking the gun from his friend, the king fired it and his thumb was blown off. Examining the situation, the friend remarked as usual, “This is good!”

To which the king replied – “No, this is not good!” and proceeded to send his friend to jail.

About a year later, the king was hunting in an area that he should have known to stay clear of. Cannibals captured him and took him to their village. They tied his hands, stacked some wood, set up a stake and bound him to the stake.

As they came near to set fire to the wood, they noticed that the king was missing a thumb. Being superstitious, they never ate anyone who was less than whole. So untying the king, they sent him on his way.

As he returned home, he was reminded of the event that had taken his thumb and felt remorse for his treatment of his friend. He went immediately to the jail to speak with his friend.

“You were right,” he said, “it was good that my thumb was blown off.” And he proceeded to tell the friend all that had just happened.” And so, I am very sorry for sending you to jail for so long. It was bad for me to do this.”

“No,” his friend replied, “This is good!”

“What do you mean, ‘This is good’? How could it be good that I sent my friend to jail for a year?”

“If I had not been in jail, I would have been with you, and not here with you right now.”

In a very unusual way, the message here unfolds into exposing the following principle about life.

“Absolutely everything happens for a purpose; and out of what seems like adversity at the time; always comes good”.

I’m sure that if any of us care to reflect back on the tragedy’s, the heartaches, the ‘bad times’ in our lives, that we discover that we have really grown or developed during that period of time:even though the reflection may still cause us discomfort in some way.

It is in this way that we slowly gather experience and wisdom, and even though we may think or feel that it is unfair, that’s the way it is.

“This is good”. Many of our life’s experiences have saved us from some form of cannibals; it’s just that we often don’t know that they have at the time.

So, for a simple example to help with awareness: next time you may begin to feel you are being ‘wronged’ by being stuck in a traffic jam, think about the cannibals that could be lurking down the road a bit,but will be gone by the time you get there.

Now that’s a bit different, but worth trying: “this is good” – despite the circumstances.

Remember: “What others do or say is their stuff; how we react, or not, is our stuff”!
And: “True Happiness in life isn’t having what you want, but wanting what you have”!

© Phil Evans

We welcome your comments.

The 7 Most Common Mortgage Mistakes

Wednesday, July 1st, 2009

Based on my experience here are the 7 most common mortgage mistakes made by home buyers. Mistakes can cost you thousands of dollars. Fortunately our clients are exempt from these pitfalls.

1.       Overextending Yourself

Realtors often encourage buyers to purchase the most house they can afford, based on their ability to qualify. In a low interest rate market this can be very tempting. What happens however when that 3.75% five year mortgage jumps to 5.75% at renewal time. Can you afford a 50% increase in your monthly payments? Having a monthly payment that you are comfortable with, will give you peace of mind now and in the future.

 

2.       Discounting The Cost Of Bad Credit

Having poor credit not only makes it more difficult to qualify for a mortgage, you could be subjected to much higher interest rates or a larger down payment. Your habit of not honouring your financial commitments on time will end up costing you thousands in preventable interest payments. If you want to qualify for the best rates, pay your bills on time and don’t max out your credit facilities.

 

3.       Not Knowing Your Down Payment Options

Do you have the typical minimum 5% down payment required? If not, do you have an investment that could be cashed in? First time home buyers or those not owning a home for five years can tap into RRSP’s with no penalty. Do you have the ability to borrow the 5%? Do you know of a relative that will gift it to you? Will the vendor of the house you are purchasing assist you? Can you sell another asset like a vehicle? Get creative.

 

4.       Not Budgeting For Closing Costs

Transfer, tax, legal fees, title insurance, interest adjustments, appraisal fees, home inspections, home insurance and property taxes are examples of the type of additional expenditures you may need to incur before during or after closing on your home. A good rule is to budget 1.5% of your purchase price for legal and transfer taxes. Appraisals and home inspections will run in the $250-$300 range. Make sure you have accumulated these funds as well as your down payment, to avoid any surprises and disappointment.

 

5.       Not Getting Pre –Approved

There is nothing worse than finding the home you want and then finding out you cannot afford it. This wastes your time, your realtor’s time and lowers your enthusiasm when you are still thinking about those nicer homes you saw, but can’t afford. The pre-approval also shortens the time required to obtain your actual mortgage approval and allows you to lock into today’s rates now, should they increase during your search.

 

6.       Not Choosing The Right Mortgage Product

When it comes to getting a mortgage, there are a number of products and options to choose from including fixed rate, variable rate, interest only, open, closed, long term, short term, various amortization schedules, etc. Choosing the product that is best for you may be the most important financial decision you ever make. A mortgage is not only a mortgage; it is the corner stone of your financial and retirement plan. Given its importance, it is funny how most financial planners rarely talk about it. Reviewing these mortgage options with an unbiased mortgage agent -such as myself- could save you thousands of dollars.

 

7.       Believing The Bank Is Your Friend.

The bank is not your friend. The banks make millions of dollars off of unsuspecting consumers who simply don’t know of a better way to get a mortgage. Need proof? Have you ever renewed a mortgage with a bank? You will receive a letter in the mail asking you to select one of their current mortgage options, return the letter by the specific date and you are done. Simple right? Unfortunately the rates offered are not the best available in the marketplace, and no one has taken the time to review how the new mortgage fits into your overall financial plan. Unfortunately most people simply return the letter. The banks know this and that’s why they do it. At no cost to you, we shop the market to find the best lender, the best mortgage product, the best available rates, terms and an amortization schedule that fits your budget. Call or email today and we can get started in helping you towards a better financial future.

 

We welcome your comments.