Notes
Slide Show
Outline
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Don’t try to motivate buyers to buy.
[   ] Motivated prospects
[   ] Find motivated prospects
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Get to the real feelings and motivations
Acceptance Pride
Achievement Privacy
Comfort Profit
Convenience Romance
Family Security
Fear of loss Self-fulfillment
Freedom Independence
Social Friendship
Love Status
Recognition
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Tape 10
Buyer Counseling
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I. The First Meeting
  • A. When to meet
    • 1. Before you show homes
  • B. Where to meet
    • 1. Home: you’ll learn about them
    • 2. Office: meet here before the showings
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II. Precounsel the Buyers
  • A. Personal information
    • 1. Lifestyle
    • 2. Hobbies
    • 3. Children and family
  • B. Reason/Urgency
    • 1. How soon would you like to move?
    • 2. Why is that an important time?
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"C."
  • C. Authority
    • 1. What issues need to be resolved?
    • 2. Buy first or sell first?


  • D. Experience
    • 1. How many homes have you owned?
    • 2. How long have you lived here?


  • E. Needs and priorities
    • 1. Location
    • 2. Rooms
    • 3. Features
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III. Motivation
  • A. After buyers say WHAT they want…
  • B. Ask them WHY that is important
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IV. Financial Qualifying
  • A. What price range did you have in mind?
  • B. How did you decide on that amount?
  • C. Four criteria
    • 1. Cash
    • 2. Income
    • 3. Debt
    • 4. Credit
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V. Prepare the Buyer
  • A. Loyalty and Agency
  • B. How many homes to see
  • C. Pay market value
  • D. “May like the first home”
  • E. Decision making: Think it over
  • F. Third party involvement
  • G. Review purchase agreement
  • H. Closing and settlement problems
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VI. Fast Markets
  • A. Prepare for hot market
    • 1. Limited supply of inventory
    • 2. Need for quick decisions
  • B. Prepare for multiple offers
    • 1. High earnest money
    • 2. Full or over-full price
    • 3. Clean
    • 4. Match seller’s dates
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Tape 11
Showing Homes
Closing the Buyer
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I. Sequence Your Showings
  • A. Theory of relativity (Law of Contrast)
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"B."
  • B. Homes A, B, C, D. Which order?
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II. Avoid ‘Sticker Shock’
  • A. Play ‘The Price is Right’
  • B. Have them guess the prices of recently sold homes in the area
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III. Showing Guidelines
  • A. Delay technical info
  • B. Silence is golden; be quiet
  • C. Let them discover the home
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IV. Feedback Reference Points
  • A. Watch the buyers
    • 1. Mirror
    • 2. Pace
  • B. Non-verbal buying signals
    • 1. Re-inspection or lingering
    • 2. Private glances
    • 3. Eyes ‘light up’
    • 4. Smile or nod
    • 5. Silence
    • 6. Stare into a room
    • 7. Relax to nervous, or vice versa
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"C."
  • C. Verbal buying signals
    • 1. Favorable comments
    • 2. Possessive pronouns
    • 3. Re-decorating, placing furniture
    • 4. Ownership questions
    • 5. “We’ll take it”
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V. Trial Close
  • A. Questions to ask
    • 1. “How would you feel living here?”
    • 2. “Would you like to see it again?”
    • 3. “Would you like to sit down and discuss the purchase of this home?”
  • B. Where to close
    • 1. In the home they’re buying
    • 2. In their home
    • 3. In the office
    • 4. Neutral place
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VI. Writing the Purchase Agreement
  • A. Close
    • 1. Watch for the attitude of acceptance
    • 2. Physical action
    • 3. ASK
  • B. Get a decision
    • 1. Get a “yes”...or
    • 2. Get a “no”, but
    • 3. Don’t take maybe for an answer
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"C."
  • C. How to get a full price offer
    • 1. Verbalize the full price, then write it in
    • 2. Buyers make any first concession
    • 3. Small increments
    • 4. Call to see if there are other offers
    • 5. Question their position: “...What will you do with the money you save?”
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VII. Handling Other Types of Offers
  • A. The low offer
    • 1. Demonstrate the value
    • 2. Position of strength
    • 3. Explain the outcomes
    • 4. Prepare for counteroffer
  • B. The very low offer
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"C."
  • C. The multiple offer
    • 1. Explain the outcomes
    • 2. Call the listing company
    • 3. Explain the competition
    • 4. Write a strong contract
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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 27 years in the real estate industry, 24 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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