| Why is Real Estate like Baseball? |
In the world of professional baseball, there are farm teams, minor leaguers and the majors. Real Estate Sales is like baseball; everyone wants to play, everyone wants to make it to the majors, but not everyone who plays rises to the top.
And what does it take to make it to the top? The best baseball hitter of all time was Ty Cobb with a career average of .366. Not since 1941 has any player had a season average over .400. That means no one hits more than four times in every 10 at bats. During an average week Ty Cobb, the best, was put out six of every ten times at bat — more than a 50 percent failure rate.
It’s a hard game and so is Real Estate. More than 50 percent of houses in Summit County don’t sell within the first year on the market. So, if you’re about to undertake a tough venture like Real Estate in Summit County, would you rather have a hitter like Ty Cobb on your team?
- Listings entered in the MLS per year by the average Realtor … 5
Mike Krueger….15
Does Ty Cobb’s historic career batting record of .366 seem unbelievably low? Some batters have hit over .400 in a season — eight to be exact, and Cobb did it three times.
But, none sustained it over the course of their career. There are some fluke numbers out there, but only players with a certain number of at bats can quality for the batting title. Currently, it takes 500 plate appearances to qualify. (If you list one house and sell it, you’re batting a thousand, but no Babe Ruth whose career average was .333). What kind of plate appearances are local real estate brokers making?
- Average Realtor's annual sales ... 12 Mike Krueger…... 46 *
And there are spectacular batting stats like the home run contest just a few years ago between Mark McGuire and Sammy Sosa, but Ty Cobb is most notable for his consistency. Like Todd Helton of the Colorado Rockies, who won the 2006 batting title. You look forward to appearance of consistent hitters like Helton at the plate. You can expect something will happen. The same is true with great brokers who stand out from the average by making more hits and scoring more runs — or homes sold. The problem is many brokers, like a few baseball players, lose sight of the ball and concentrate solely on getting listings. Or signing the big contract and watching the ball go by.
- Annual average days on market for listed by average broker .....154
Mike Krueger ..... 88 *
Sure, I want the listing too, but let’s keep our eye on the ball. How can I sell homes for my clients? The answer lies in the eyes of the buyer, and I continually adjust my marketing to help BUYERS figure out how to get what they WANT. To be really good, you have to stay tuned in, whether in a game or not, so I’m constantly thinking about what buyers want? How are buyers finding it? How can I get a hit? That’s why my stats are so good.
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