![]() Real Estate News and Advice |
| May 25, 2012 |
|
Need Product Help?
Local Guides
All Local Guides
Alabama Alaska Arizona Arkansas California Colorado Connecticut DC Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming |
More Efficient Transactions
by Dirk Zeller
Here is one strategy for the seller and buyer on why they should hire you. You can prove this through client surveys, true closing percentages, and communication systems that you use to keep all parties in the transaction informed. The goal is to save your client stress and money; the stress of not knowing the agent has done their job, money being delayed in closing fees, extra moving costs, interim rentals, and double living expenses. Studies show that less than 16% of consumers return to their previous agents; that stat demonstrates the client isn't overwhelmingly thrilled with most agents' service. It also speaks to agents' after sale service. Most consumers are merely satisfied with our service as agents. In a survey by NAR, 69% of the people surveyed said they were satisfied with their real estate agent. Satisfied to me would probably be a C grade level. It's hard to create loyalty to an agent or brand with customers and clients being merely satisfied with our service. "Do you, Mr. Seller, want to take the risk of extra stress and frustration in this transaction from an ordinary agent? An agent who, based on the stats, will lead you to do with business with them again less than 16% of the time?" Realize that, if the transaction isn't efficient and timely, your client could also lose the opportunity on the low interest rate they locked in. For a typical person, a half percent increase in rate would cost them close to $50,000 over the life of a 30-year mortgage. That is a considerable risk attached to a lot of money by working with the wrong agent. 1. "Mr. Smith, it's a fact that only 16% of consumers return to an agent who worked with them previously. That statistic demonstrates that the efficiency level is low and the stress level is high for the customer. Well over _____% of my transactions are with repeat clients and the referrals they send my way. This difference, and my personal guarantee, creates a better, smoother transition for you into your new home. Do you see how this creates an advantage for you?" 2. "Mr. Smith, a negative to an emotional, non-efficient transaction is that the buyer and seller can be at odds. That increases the probability of more costly repair negotiations, late closures, and last-minute demands to closing. We can save you money through a more efficient transaction process. Doesn't that make sense?" 3. "Mr. Smith, the truth is if the transaction isn't efficient and timely, the closing could be late. With the volatility of current interest rates, this could cost you in the long run over the life of your loan. Because we close over _____% of our transactions on time, we can ensure these costs don't happen to you. For a typical person, a half percent increase in rate equals close to $50,000 in extra payments over the life of a 30-year mortgage. Do you want to take that kind of risk with another agent?" Published: August 19, 2011 Use of this article without permission is a violation of federal copyright laws.
|
Real Estate News Network
Today's Real Estate Outlook
Spotlight
Today's Headlines 08/19/2011
|
||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||
|
for Agents
Readers' Choice
Our most popular recent articles
|
||||||||||||||||||||||||||||||||||||||