|
Resource Center : Top Ten Lists : Agents : Sellers and Buyers
The Top 10 Ways to Eliminate Buyer and Seller Remorse
- Conduct an in depth interview with them on your first meeting to uncover
their core values as well as to identify their needs vs. their wants. Work
on recognizing their values and meeting their needs, rather than their wants.
- For first timers, and probably for all clients, break the process into a
number of simple, straight-forward steps.
- Give the clients a simple outline of what they can expect to happen in the
transaction.
- When you first meet with a client, let them know that whether they are listing
or selling, the process "feels" invasive. For Sellers, having strangers walking
through their homes at all hours of the day is invasive. For Buyers, delving
into their credit history is also invasive.
- Give clients filled out copies of all documents as early as possible. This
can include such things as the purchase contract, loan documents, or escrow
instructions as early as your first or second meeting with them.
- Upon acceptance of an offer, let the clients know 95% of all transactions
have problems severe enough that the principles think the transaction is not
going to close. Even when the transactions have problems, however, 90% still
close.
- Give the clients a calendar upon acceptance. The calendar will list all
the important steps in the transaction as well as the dates upon which the
contingencies expire.
- Communicate with your clients at least three-four times per week by voice
mail or email. (In fact, it's much more efficient to use email whenever possible).
- For out of state buyers, outline the title and closing process in your state.
This varies dramatically from state to state, especially in escrow states
vs. those that use attorneys or title representatives to close the transaction.
- Be a conduit of information. Look at each question from your client as a
means to increasing customer satisfaction as well as creating a resource for
future business.
If you have a "really hot" prospect, send them
home with a quart of ice cream so they won't look at any other open houses.
Copyright © 1996-2003 RealEstateCoach.com, a subsidiary of Teleclass4U.com, LLC.
All rights reserved. No reproduction, distribution, or transmission of copyrighted
materials on this site is permitted without written permission.
«« Back to Sellers and Buyers Top Ten Lists
Top of page
|