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The Buyer's Consultation Session - Part I

By
Real Estate Agent with KW Elite

     Many times I've been on the phone with a buyer lead call who has just tipped me off that they are currently renting . At that moment I clear my mind and ask the all important question,"Has anyone ever conducted a Buyer's Consultation Session for you ?" You'll learn such things as:

       1. How much mortgage a bank would give you .

       2. How much money you'll need for a down payment and transaction costs.

       3. Learn about the entire Home Buying Process- Paperwork,Disclosures,and Inspections.

       4. How to create a special relationship with one Realtor who becomes your advocate and counselor.

       5. Receive a Top 10 List of properties that match your criteria and you might want to see.

     I have never had anyone say they have already sat through one ! This is the session that establishes your credibility and professionalism. It's here they realize that they were wrong that all Realtors are the same . They quickly understand that they're in over their head and need professional help and guidance. This all culminates with the express creation of an agency relationship naturally by activating a Buyer Brokerage Agreement.

     Another CEO of a real estate team recently told me that everytime his group has a problem in  a buyer transaction he asks one question. Did we do a Buyer Consultation Session with these people ? The answer always comes back,no we skipped it ! Enlightened consumers make much better clients !

Posted by

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Longtime West Lampeter resident and Lancaster County Realtor!

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Laura T. Perry
Keller Williams Elite - Lancaster, PA
CRP, GMS, Award Winning Relocation Specialist

Hey , I just heard you ABR class is a go in York,PA. @ RAYAC , Oct.20 & 21rst !!!!! YEAH !!!!!!!!!!

Oct 14, 2010 08:29 AM
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Enlightened and Educated...I am a firm believer in buyers getting pre approved before we go any further...great points Michael

Oct 14, 2010 08:35 AM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Great post Mike. Educating clients is very important and in the long run helps the transaction mover more smoothly

Cal

Oct 14, 2010 02:06 PM
Gregory Bain
Mezzina Real Estate & Insurance - Little Egg Harbor, NJ
For Homes on the Jersey Shore

"Buyer's Consultation Session", I like it and will use it. Thanks!

Nice post.

Oct 17, 2010 08:31 AM
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

Fantastic idea Michael. I too will use this!

Oct 27, 2010 06:39 PM
Jack Sterback
Coldwell Banker Select professionals, Lancaster , PA. - West Lancaster, PA
Relocation Specialist

We teach all the new agents on the Mike Perry Team how to do a Buyer's Consultation.  It really helps them to understand all that we do for a buyer - especially a first time buyer.  Jack - Mike Perry Team!

Nov 03, 2010 12:30 AM
Celesta Funk
KELLER WILLIAMS Realty - Millersville, PA

A Buyers Consultation session saves everyone time !!!!!!!!! Makes good sense !!!!

Jan 11, 2011 08:17 AM
Steven Levengood
Remax Cornerstone - Lebanon, PA

Great Idea,  A buyer Consultation session would definitely set us apart  Thanks

Feb 04, 2011 07:10 PM
Jennifer Fetrow
Triple Crown Corporation - Harrisburg, PA

Defnitely good to do this so that you can learn more about the buyers and they become more familiar with the process to develop trust in you as their agent!

Feb 05, 2011 07:16 AM
Pete Papadopoulos
Lancaster, PA

Great info Mike, Thanks! I will use this with my buyers in the future!

Feb 06, 2011 05:49 AM
Don Hess
KW Elite Keller Williams 1280 Plaza Blvd. Lancaster, PA 17601 - Quarryville, PA

I always tried "educating" my buyer prospects before signing, but I'll be adding your suggestions to my conversation / presentation. Great stuff!

Feb 07, 2011 08:20 AM
Gary J. Muccio, Associate Broker
Keller Williams of Central PA - Camp Hill, PA
Exceptional Customer Service!

Your last statement says it best "Enlightened customers make much better clients"! It's worth the minimal amount of time it takes to conduct a thorough buyer consultation. It save valuable time in the long run and we all know time is money. Good post!

Feb 09, 2011 12:04 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

A buyers consulation is so important - not only will it help us as agents to "win" a buyer, but even if they don't choose us, they have been educated in some very important home buying steps!

Feb 11, 2011 10:36 AM
Christopher A. Yeyna
House Sale Advisors Real Estate - Myerstown, PA

Sounds great can't wait to learn more in class.

Mar 01, 2011 05:12 AM