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Interview Clients, do not have them Interview You!

By
Real Estate Agent with RE/MAX Gateway BRE# 01238257

The Appointment:  You either receive a phone call, have a referral from a friend, past client, family, or from some other source.  You were able to obtain the "appointment" for the client to meet you at your office or at their home. 

The Preparation:  Come the day and hour of the meeting you have prepared your brain with whatever you think they will want.  You have probably also punched their name into Google to see if there is anything written.  You pulled properties or their own  to be more educated just in case they have questions pertaining to you being  familiar with their area etc.

I wrote a blog some time ago about answering phone calls.  And I received a lot of positive feedback and a lot of the respondents explained that they do not "answer" calls.  They "return" them.

In this day and age of the "hard" market and buyers being a commodity, at least the buyers that are buying.  Listings, that used to be wonderful to have, are just sitting collecting dust.  It would be of a great benefit for you to stop sitting at any appointment, that you have been able to secure,  letting the prospective client interview you.

You are worthy:  Let us not forget why they are meeting with you.  You are not second best.  It is not that they could not get an appointment with someone else.  It was also not the fact that they might be doing this as a favor as a friend or other associate that referred you.  No, they are meeting with you, not out of obligation, but because they are hopeful that you can and will complete the task at hand.

The Honesty:  Now, when you are sitting there in front of the clients, that you are thinking whether or not you are going to take on, you need to approach all of their questions with no holds barred truth.  This AM Paris and I had an appointment about a couple that put 80K into their home as a down payment last year.  They want to relocate out of state.  Their break-even point on the home is 520K.  There is an identical one currently listed at 429K.  Our advice, either sit in the home and wait to relocate, short-sale, or procure another home and try to rent this one, period.

The Result:  That is it.  And you know what the lady told us.  Wow, I appreciate you shooting from the hip.  Come to find out, she was in sales herself.  People appreciate honesty and when you sugar coat too much you start sounding flimsy.  We are the experts.  Some of us have developed more of an expertise than others in our field.

Removal of Fear:  No matter, never lose heart.  When you are interviewing clients to see if you are going to take them on, remember one thing.  They can only say they do not want to do business with you.  They cannot kill you and even if they could, they could only do it once.

Follow Through:  Get out there and stop being undercover and ask everyone you meet if they have been concerned with this current real estate market.  From that very question you will have a door open, because everyone is speaking about it.  Then you will have others standing around looking at you as the SME (Subject matter expert).

Connor with Honor

Nancy Moeller
Seven Gables Real Estate - Anaheim Hills, CA
Great points Connor. Preparation and approach is key.
Dec 09, 2007 08:22 AM
Heather Paulette-Cooper
keller williams realty - Research Triangle Park, NC

I use the last technique often and it works very well, just start talking to someone about the market and no matter what 90% of the time they will have concerns.  That's where I like to reassure them, especially if they are a buyer!  That's the best then you can point out it's a great time to buy and why.  Reassurance is something everyone needs and preferably without asking for it!

I also agree with the honesty part you always want to set your clients expectations and then rise above, never fall short.  So, if you know for a fact it's not the best time to sell a home and you know it's going to take 6-8months tell them it will and maybe tell them the 8months+ mark just to be sure.  They will have the reality in their head not their little dream world.  My slogan I use is (HONEST-RESOURCEFUL-MOTIVATED) and I do live up to that, it's my passion. 

As far as your blog I love it overall because I've come across some people who have wanted to work with me and I knew I didn't want to work with them.  It should be a team effort between Real estate professional and client not two little worlds with opposite expectations or obstacles that cannot be overcome.

 

Dec 09, 2007 08:26 AM
Krista Fuchs
Prudential Fox & Roach - Exton, PA
Chester County Realtor - (484) 459-8025 - Home Buying and Selling

I never thought of the appointment as me interviewing them.  I have to admit that I'm always a little nervous going into appointments with total strangers, wondering if we'll click and if they will respect what I have to say.  I think if I feel like I am interviewing them then I will have much more confidence going into the appointment, which they will see.  Once they see the confidence that will help validate me as a professional in their eyes.  Once I realize they are people I would want to work with then that would get me excited to tell them the benefit of using me!

Thanks so much for turning my thinking around!

Dec 09, 2007 08:37 AM
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL
Great Post Conner...  I've become picky about which sellers I want to work with, in this market they have to meet my criteria.  They have to NEED to sell...  if they only "want" to sell they will probably not be willing to do what it takes to sell in the current market. 
Dec 09, 2007 10:13 AM
Renee Stengel
Houlihan Lawrence, Associate Broker - Katonah, NY
Westchester County

I really enjoyed reading your blog today. I have always considered meeting a client as a job interview.  It is our job to be prepared and honesty is needed for good communication to successfully achieve everyones goal.  Yours as well as the clients.  So, you need to interview them to define what they want and how realistic they are.

Great job.

Renee

Dec 09, 2007 11:03 AM
Jackie Peraza
Perceptions AdverStaging(TM), LLC - Framingham, MA
Home Stager - Framingham, Massachusetts

Connor - Interesting post.  I've considered it important to have a mutual interviewing process, with both parties being able to determine whether or not the 'fit' was appropriate - as it sounds as though the case was when your seller stated she appreciated your honesty...she was looking for like values.  I enjoyed the post.

Jackie

Dec 13, 2007 10:05 AM