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Don't Ask, Don't Sell...

By
Real Estate Agent with Keller Williams Real Estate RS301772

If You Don't Ask Questions, You Won't Sell

Last week, I went on a quest to find a clarinet for my daughter, a beginning band student. Because I am a REALTOR®, I know that renting is basically throwing your money away for little benefit. Sure, I don't have to fork over $250+ up front - but over the course of the school year, I'll have spent nearly that much in rental fees, giving the clarinet-lord money, and I will have what to show for it?

If my daughter decides to switch instruments or quit band, I'll have nothing but a bunch of canceled checks, instead of a nearly new instrument to resell and recoup some of my investment (unlike real estate, especially Wallenpaupack lakefront property, where you are likely to make a profit on your resale.)

Mr. Rice told me to forget the music store I had in mind---I would only find guitars, some drums, and guitar strings there. NothingGuitars else. Bullheaded Irish-Swedish gal that I am, I said I'd give it a try anyway. There might be something used or on consignment.

He shrugs, and says "All right, it's your time..." I probably should have listened to him, as he's a musician (guitarist to be exact) and knows the music stores like the back of his hand. But I'm an Irish-Swede, I'm a woman, and I was on a mission. Get out of my way!

At the shop, I found exactly what my husband told me I would find: guitars. Lots of guitars. A few drums. And lots of guitar strings. I was soon greeted by the salesperson.

nope"Hi," I said. "Do you sell anything beside guitars?"

"Nope," he said firmly, without hesitation. Noting my disappointment, he added: "Well, a few drums, some bass, but that's about it."

"Rats," I said. I could have left the store then, grumbling that Mr. Rice was correct. A lot of people would have said "Oh, thanks, then..." and left. But I am actually compelled by an irresistible impulse to tell everyone what my point is. I feel as if they actually care what I'm doing or what I'm looking for.

"I was hoping you had some band instruments..."

He shrugged and said "Well, I do have a couple of clarinets."

I raised my eyebrows--I thought he didn't sell anything but guitars? And a few drums? And some bass? That's it?

He continued: "Also, I have a sax, and a couple of flutes, too."

I also spied some keyboards that he forgot to mention as well (unless the keyboards weren't for sale.) He got out the two clarinets, told me a little about them, and I thanked him for his time. I had to talk to my husband, blah blah blah.

Leaving the store, I thought: there has to be a real estate lesson in here somewhere.

Ask the right questions or lose customers.

The music shop salesperson really dropped the ball. When I asked about the guitars, he should have responded with "What are you looking for?" or "Yes, we mostly have guitars, but we have some other instruments as well. What is it you need?"

As a buyer's agent, you need to know specifically what customers are looking for. Do not worry about beingask nosy or or appearing clueless by asking your customers a lot of questions - you need to know what customers need in a property to avoid wasting your time and theirs by showing homes that will not work.

Sometimes, customers ask me if there are any Lake Wallenpaupack lakefront properties for sale within a price range of $250,000. I could simply say "Nope," and leave it at that.

The customer walks away dissatisfied, and I miss out on a potential sale. By asking the right questions, we may learn that Jane Buyer is actually looking for any lakefront, anywhere - she just asked about Lake Wallenpaupack because it seemed obvious. Maybe she would be just as happy to have a lakefront home on Paupackan Lake or Lake Westcolang. Or maybe, Jane doesn't really need a lakefront. Maybe Jane will be spending all of her time on the boat, and she really needs, simply, a home with a boat slip. Why let her think she needs to spend $500,000 on a lakefront when a 2nd or 3rd tier home with a boatslip will give her what she needs, at half the price?

There are many questions you could (and should) ask buyers, beyond spitting out a price quote and giving a simple "Yes" or "No" to their initial questions. When you hear other people gushing about how their real estate agent found them "just the right property", do you think he or she was psychic? Of course not--a savvy real estate agent will not only listen to what their buyers have to say, but know what questions to ask along the way.

Don't  be like the music shop salesperson - care what your customer's point is - discover how you can best help  find the home he or she wants to buy.

You won't know unless you ask.

 

 

Maybe you're a buyer looking for the right property in the Lake Wallenpaupack area - or perhaps you would like to sell your home and have questions about its value. Feel free to send an email - I promise to do my best to help you with your real estate needs.

Email Karen E. Rice, REALTOR Link to WallenpaupackLakeProperty.com Get Property for Sale Listings by Email Search Pike/Wayne MLS
Agent With DO Diligence

WEICHERT, REALTORS® - Paupack Group
"Independently Owned and Operated"

Guitars Photo from MorgueFile by DTCreations

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Karen Rice (that's me!) lists & sells in Tanglwood, Wallenpaupack Lake Estates, Hideout, Indian Rocks, Masthope, Fawn Lake, Tink Wig, Woodland Hills, Walker Lake, Hemlock Farms, & more in Pike & Wayne County.

Eric Bunn
Dallas, TX
Very simple concept that is often overlooked.  We can all learn from this as it relates to life and real estate.
Sep 10, 2007 07:39 AM
Michelle Burgos
RE/MAX PowerPro Realty - Pembroke Pines, FL
CDPE, Short Sale Expert, Pembroke Pines,Miramar,Davie,Hollywood

I think that subconsciously you just wanted to prove Mr. Rice wrong! lol a woman after my own heart.  You know how the saying goes....I may not always be right, but I am never wrong. 

Thanks for sharing, indeed an eye opener! ASK, ASK, ASK!

Sep 10, 2007 07:39 AM
Joshua Talayka
Chase Internatinonal - Reno, NV
Karen, great post.  Narowing down a clients needs not only will better ensure that they will do business with you, but it will save you time in the long run.  For example, if you there actually was any water front property around Lake Wallenpaupak for $250,000 when Jane Buyer asked that still may not give her what she wants.  Maybe there are 20 homes with that simple description, do you plan on showing her all 20?  Of course not.  Even after you determine you can meet her basic needs, you should continue to probe in order to narrow down the selection to a few homes.  You'll save yourself time, and you'll appear to be very good at finding homes that are exactly what your clients are looking for.
Sep 10, 2007 08:32 AM
"The Lovely Wife" The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Karen...

I love the way you related this to real estate. Excellent post :)

By the way I have seen all the "Subscribe To Me" Buttons.

I am thrilled that you found a much more effective use of buttons in a post.

Those are awesome and I bet you get hits from them :)

TLW...ROAR!

Sep 10, 2007 09:40 AM
Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

That's great advice, I like to answer a question with questions back.  Granted don't over use this.  If for instance the when you asked "Do you sell anything besides guitars" had he answered "What is it that you are looking for" you conversation would have been much more productive.

Sep 10, 2007 10:57 AM
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Great way to connect real life to real estate!! 

By the way, I have two clarinets that I might part with. One is a plastic, starter one I used for 6th-8th grade, and the other is my "real", wood one that I was forced to buy if I wanted to be in the higher bands... Band is competetive in my neck of the woods and the instructors are serious about the kids having the best.

Sep 10, 2007 11:18 AM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Karen - Congrats on the featured! If I get a request for something we don't have (the house for $125K in La Cueva) I never say we will never find that. I just give them other options. This is so important to remember. Don't shut the door with a NO.
Sep 10, 2007 11:24 AM
Jennifer Walker-Derby
Re/Max Westside - Marietta, GA
Real Estate Extraordinaire
fantastic post.  I like the way you find a real estate lesson with life's lessons!
Sep 10, 2007 11:58 AM
Christina Bennani-Persechini
Keller Williams Realty Boston North West - Lexington, MA
Realtor - The House For You
That was a great example of a lesson many agents need to remember. So many agents are complaining about the poor leads they have but in reality they just didn't ask the right questions and follow-up.
Sep 10, 2007 01:43 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!
Karen- Congratulations on your feature. Great post. I love how you related your story about the music store salesman to real estate. It is all about relationships and asking questions means you are listening, it also shows you are concerned for another person. I always, say focus the converstation on them, not on yourself. Katerina
Sep 10, 2007 06:34 PM
Karen Rice Keller Williams Real Est
Keller Williams Real Estate - Hawley, PA
Northeast PA & Lake Wallenpaupack Home Sales

WOW, I can not believe all of the comments! Thank you so much for helping get my post featured, and thank you all for reading and sharing your thoughts.

Michael Delp- yes, it is all about the customer, and finding out what they're coming to you for! 

Joan - I agree; you need to build some kind of relationship with your buyers.  I have heard other agents say "I'm not out to be their friend, I'm out to conduct business with them" or something like that - well that may work in commercial sales, but not in residential, usually.  You need to have a rapport with your buyers, esp. when they have 500 other agents to choose from! 

Richard - I try to find a life lesson in everything that happens!  Then I won't feel like the day is wasted!  LOL 

Sep 11, 2007 12:07 AM
Allison Stewart
St.Cloud Homes - Saint Cloud, FL
St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904
Karen Very good.  Of course I am partial to analogies! 
Sep 11, 2007 12:24 AM
Karen Rice Keller Williams Real Est
Keller Williams Real Estate - Hawley, PA
Northeast PA & Lake Wallenpaupack Home Sales

Guys, I'd love to respond to everyone now but DUTY CALLS - I'll be back later today to personally thank each and every one of you for reading!  Happy REAL ESTATING!

 

Sep 11, 2007 12:32 AM
Membership Cancelled
Pullman, WA

That is the difference between a salesperson and a sales professional! Great Post.

Sep 11, 2007 08:47 PM
June Mellor
Century 21 All Islands - Kailua, HI

Hi Karen,

Great analogy for us to consider in our own business. Of all the information I've have come across, it seems most real estate trainers teach this very thing - ask the right questions.

Thanks for sharing this story.

Aloha from Hawaii!

June Mellor
www.realestateofoahu.com

Sep 11, 2007 09:23 PM
Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
Many of us do not listen enough and the before you listen effectively, you ask the right questions. Good post.
Sep 11, 2007 11:49 PM
Jonathan Dever
Dever Law Firm - West Chester, OH

Excellent!  You may have missed your true calling!

Jonathan Dever, Esq.

www.realestatelegalwizard.com

Sep 12, 2007 02:35 AM
Vicki Bishop GRI - Alabama Real Estate
Coldwell Banker United Realtors® - Bay Minette, AL
I think in our rush to get things done we forget to ask questions and then we wind up going around in circles.
Sep 12, 2007 02:41 AM
Cynthia Tilghman, Realtor® Onslow County NC Home Specialist
Kingsbridge Realty, Inc - Hubert, NC
Hello Karen,
Very good post with a good lesson.  Just asking questions and getting the dialogue started can lead to a relationship with a client.  I like the way you think.  Thanks.
Sep 12, 2007 12:40 PM
Scott Cowan
RE/MAX Professionals - Olympia, WA

Karen- Great way of telling a story that has direct impact to all of our incomes! You're lucky you only have to purchase a clarinet... My son needs a new "better" bassoon.... I should be able to pick up one used for 8k.....I sure hope it gets him into college! =)

 

Best,

Scott 

Sep 13, 2007 07:14 AM