Notes
Slide Show
Outline
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You Found a Buyer
  • You found a buyer, at least you think you have found a buyer.
  • You have to qualify that buyer.
  • You have to determine if the buyer and you can work with each other.
  • If you can work with each other you have to get the buyers commitment.
  • If you can’t work with each other let them go.
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Does your Buyer Act Like a Buyer?
  • Buyers act like buyers.  They want to buy, they get realistic very quickly, they show up for appointments, they look when they are supposed to look.
  • Buying is foremost in their mind.  They have a down payment, they are honest about their finances, they are not vague.
  • BUYERS act like BUYERS
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Can Your Buyer Buy?
  • The first thing you have to do after you determine that the buyer is a buyer, is determine how much of a loan they can get, estimate their down payment, and estimate their acquisition costs.
  • If everything is realistic in those four areas you can determine if they will honestly work with you and only you.
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Four Areas of Concern
  • Can they get a realistic loan?
  • Do they have a down payment?
  • How much of a down payment will they need?
  • How much will their closing costs be?
  • Are they going to be loyal to you?
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Figuring the Loan
  • Loan qualification is another class.  In our examples today, we want to determine if we can actually work with the buyer.
  • Assumed in this class is that they are well qualified.
  • We need to qualify their loyalty to you.
  • We will need an Exclusive Authorization & Right to Acquire.
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Will Your Buyer Buy From You?
  • The most important part of your buyer interview is that you establish, and contractually enter into an agreement with the buyer to be your “Exclusive Buyer”. If you don’t do that you will not last long working with buyers, and you should concentrate on listings.
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Tell The Buyer How You Work
  • At this point you have to tell the Buyer how you work.
  • Explain step by step, dialogue by dialgue how you work, what you do, and you MUST ask “is that something that you would like?
  • When they agree you move on.  When they disagree you query, “and why’s that?” or .. Let me see if I understand what  your saying?
  • Ask – Repeat - Resume
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This Is An Old Buyer Book
  • At this point you have to tell the Buyer how you work.
  • Explain step by step, dialogue by dialgue how you work, what you do, and you MUST ask “is that something that you would like?
  • When they agree you move on.  When they disagree you query, “and why’s that?” or .. Let me see if I understand what  your saying?
  • Ask – Repeat - Resume
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When Rob’s   YOUR
 Real Estate Agent
 You Will Enjoy The Following
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 1. I pledge to treat your purchase as if it were my own.
 2. I pledge not to promise more than I can deliver.
 3. I pledge to deliver more than I promise.
 4. I pledge to listen to you.
 5. I pledge to protect you.
 6. I pledge to let you make the decision.
 7. I pledge to keep you informed.
 8. I pledge to take the mystery out of home buying.
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A Brief Biography of
YOUR
Real Estate Agent
  • Robert Rooks (Rob) has in excess of 24 years in the real estate industry, 22 years as a Real Estate Broker/Appraiser.  His background includes the development of 206 Condominium units at La Habra, California in 1974-76, where he also practiced general real estate and  enjoyed selling single family homes, commercial real estate and apartment buildings.
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