As a real estate agent, your performance or profitability is depicted by how many deals you close and how fast this happens. But there is more to closing a sale than meets the eye. In most cases, it will take some work before your prospect can finally sign on the dotted line even when selling your own property. Before you even start convincing them to purchase the property, you have to earn their trust, listen to them, and cultivate a relationship with your prospect. But closing a deal doesn’t have to be a painstaking undertaking.
Here are some simple no-brainer tips to help you close a real estate deal more effectively.
As you might have guessed, this one is ideal for homeowners looking to sell their used homes rather than real estate agents. Selling a previously occupied home can be a pain in the back for various reasons. But the process can be faster and less frustrating if you know your options. The real estate friends from GoodAsSoldHomeBuyers.com insist that selling your house for cash is the fastest way to close the deal. For-cash home buyers, simplify the process for you so you won’t need to hire a realtor or list your property and wait weeks before getting a buyer. You don’t even have to conduct repairs. You can sell your home fast for a cash offer.
Whether you’re a contractor or you are selling your own home, one thing is for sure. You will need to earn trust from your prospect before they can consider buying your property. You can do this by showing them that you value their time and business.
When you schedule a meeting or property visit, show up on time or they won’t see you as reliable. From the word go, be honest and transparent about the costs involved and how long it would take to finalize the deal. This sets the tone for a lasting relationship and helps you close the deal faster.
Signed deals stem out of effective interaction and communication. Instead of just giving a prospect your number and walking away, take the time to talk to them and know how they are doing. While maintaining professionalism, you can ask about how their day is going before you get down to business. Genuinely show interest in their needs and concerns. It shows the client that you care about them and you are not only interested in their money.
Before selling a property, you may have to meet several clients. Days can be longer and busier. Without carefully planning your time, closing deals can be slower and harder. The last thing you want is to miss an appointment with a highly promising client you are meeting the first time. Plan your week a few days in advance and keep a close eye on your schedule for any changes that may be needed as the week progresses. This will save time and spare you a ton of headaches.
In the real estate business, you will meet or send quotes to prospects, only to never hear from them again. A good chunk of these cases accounts for sales lost to competitors. Following up with such clients can help you gain insight into what was unpleasant about the deal to the client.
Could it be that they got busy and forgot to respond to your email? Maybe the quote wasn’t appealing enough, or they didn’t clearly understand it. Perhaps there was a small issue with the property, which could be addressed to bring the prospect back on board. Follow-ups are a great way to speed up the sales process and avoid losing deals.
Negotiation is a critical part of the sales process in real estate. As a seller or agent, you will want to have a goal-oriented approach when it comes to negotiating. It starts from the point of setting the asking price, sending a quote, right down to the conversation part with your client. If you have the mandate, don’t forget to set the best price based on the client and the minimum value of the property. While at it, consider issues such as loans and property financing. A broader perspective will help make the negotiation easier and perhaps help you close the deal much faster.
Finally, remember to perform due diligence before finalizing the deal. Listen to your customer and avoid too much jargon when providing information about the property to your prospect. Keep it simple and avoid pushing too hard because your prospect might withdraw from the deal. Be professional, be yourself, and be confident. It reassures your client that they are indeed in safe and capable hands.