Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

3 ways to manage challenging homebuyers

02/02/2018

Download PDF

Dealing with difficult buyers doesn’t mean you will not have an enjoyable transaction process. It means you will spend more time educating and holding your clients’ hand, and that’s OK. It’s part of the gig.

When other real estate agents come to me with challenges, most of the time it has to do with their clients and their clients’ expectations.

Mostly, the client is being challenging as far as expectation versus budget. A good agent can point out many positives to help show clients how challenges are only roadblocks, not deal breakers.

Below are three tips for new agents.

Circumventing multiple offers

There are times when you may run across buyers who are difficult only because they want to write up various offers in an attempt to low-ball a seller on a property. They create a discount depot culture for a property.

When you notice a client starting to push multiple offers, it is your job to educate them. This gives you the opportunity to showcase the value of a property and often stop an influx of multiple offers on the buyers’ part.

Real estate sales Jedi mind tricks Plant the seeds of action in prospects’ minds READ MORE

Handling the non-committal buyer

The non-serious buyer who only wants to talk about offers, not make them. This creates a difficult situation for you, and it can put you at risk, as far as reputation, with other real estate professionals.

To deal with this type of obstacle, the best thing you can do is to tell your clients, nicely, to put their money where their mouth is.

My best advice is to tell the buyer that you will only consider written offers when working with them.

Don’t entertain long, drawn out verbal conversations about properties. Be educational and polite, but be about business.

Addressing clients with no vision

With some buyers, there may be an unwillingness to see the possibilities in potential homes.

The buyer may have a picture-perfect idea of what they will find when house hunting with you, which may not actually be realistic when you consider how sellers are staging — or not staging — their homes.

If you can’t get buyers to see the possibilities, your back may be up against a wall.

My best advice to offset this difficulty is to have what I call a pre-game meeting before looking at any home with your clients. Discuss how to look at a home and see past personal photos, bad paint jobs or backsplashes they may not like.

Talk to them about the importance of space and possibilities, and get an idea of if they are truly looking to buy something turn-key or if they are willing to repaint, put in flooring or give up a great yard to get an extra bathroom.

See what their deal breakers are, and give them a head start in thinking about what they are willing to bend and mold with as far as buying a home. By employing this strategy, you’ll make marketing a home to a difficult buyer a lot easier.

When you use the three tips I presented above, you will be able to offset the multiple offer game, ensure the buyer you are dealing with is truly going to be serious and help buyers find homes within realistic expectations.

Sam Benson, SRES, is a real estate broker in the greater Walnut Creek, California, area. You can follow him on Instagram and Facebook.

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

March 2024
Mon Tue Wed Thu Fri Sat Sun
 123
45678910
11121314151617
18192021222324
25262728293031

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...