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PRE-QUALIFICATION QUESTIONS - This Time, for SELLERS!

By
Real Estate Agent with Dean's Team - Keller Williams Realty Partners Chicago IL

Good Morning, Y'all!  (I learned a new word down here in Atlanta at KW Family Reunion 2008!)

Heard from the folks back home in Chicago snow not as bad as predicted - and that's a very good thing!

Yesterday evening, we listed a few BUYER QUALIFICATION QUESTIONS in our post.   Today, let's fishbone some SELLER QUESTIONS.

Again, these suggestions came out of a little Mini-Mastermind we had last night over dinner at the Wisteria Restaurant in the Inman Park Neighborhood in Atlanta!  Fantastic meal, and Great Service, Too!  At dinner last night were Nancy Tallman, and her Assistant, Kathleen Fisher, of the Keller Williams Market Center in Park City UT, Maggie Finnegan and Paulette Bezazian of Keller Williams Fox Realty, our office, in the Lincoln Square Neighborhood of Chicago, and my wife, agent and Team Member Sue Moss.

FOR PROSPECTIVE SELLERS

1.  First, have your assistant or other admin get the EXACT ADRESS of the property to be listed BEFORE YOU CALL - you can research property trends in their neighborhood and sound like an expert on their specific block when you call - but don't crow, just know!

2.  Why are you thinking of selling?

3.  How did you come to call me?  If referred - what did they say about me?

4. Are you planning to buy a new home - or will you rent or live with family? Do you need to sell in order to buy your next home?

5.  What's your TIMING - how quickly do you need to sell?

6.  Roughly, how much do you owe on your home now (current mortgage balance)?

7.  How long have you lived in your current home?

8.  Do you have a Plan B - in other words, what happens if you CAN'T sell?

9.  Are you current in your mortgage payments (a BIG one today!)?

10.  Are you talking or interviewing other real estate professionals?  Who?

11.  If you decide to list your home with any particular real estate professional, what would the characteristics of that individual or Team be?

12.  Where are you moving to?  Tell me about your new place, and your plans.  Have you found another house yet?  Perhaps we can help you on this buy as well, or refer you to a top-qualified out-of-town agent through our extensive network of contacts.

13.  Who else is involved in your sale decision?  Your spouse?  Any children?  Other friends, life partners, relatives, etc.  Will they all be with us when we meet?

14.  Are there any other circumstances impacting your sale decision - pending divorce, health issues, financial difficulty, estate sale situation with other siblings, etc.?

15.  As you sell, which is most important to you - highest price, fastest sale time, least hassle?

16.  If, when we meet, I can answer all your questions, and we can agree on price and all terms - would you be ready to begin right away?

Again - these are in no particular order, and would love to build and refine this list.  We will use a refined question list for our Team members as they qualify prospective clients, but cold and referred to us.

Please share your thoughts and suggested enhancements!

Take Care . . . y'all!

DEAN & DEAN'S TEAM CHICAGO

Comments(6)

Gary McAdams
GMAC Schwartz Property Sales - Key West, FL
Great suggestions.  I always try to get as much information from my sellers too.  You gave me a couple of ideas that I never thought to ask.  Key West is a very different area and people have many different reasons for selling which will effect their motovation.
Feb 11, 2008 10:57 PM
Sharon Harris
Keller Williams Keystone Realty - Hanover, PA
Realtor
I love this. These are really great questions to ask a seller. I have book-marked them. I hope you do not mind. I have found myself with one listing that will not sell. If  I had asked more or invested more time looking into the neighborhood I would not be in this spot. Thank You...Sharon Harris AllQuest Real Estate Hanover Pa.
Feb 11, 2008 11:25 PM
Latonia Parks
Top Bragg Realty, Fayetteville NC, Home of the 82d ABN DIV - Fayetteville, NC
Certified Military Relocation Expert
Great info.  I have a similar questionnaire to get to the same place as you....listed and sold.
Feb 11, 2008 11:29 PM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Dean

Why go to all the work if you don't pre qualify. I totally agree with you and you put some excellent ideas in this post.

Sincerely

Tom Braatz

Feb 12, 2008 12:01 AM
Dee Nofziger
|Key Realty | Maumee Toledo Real Estate Blog - Toledo, OH
Maumee Real Estate, Toledo Homes, Key Realty

Another bit of info that I find helpful under #1 is to not only look up current market trends in their neighborhood, but to take a few notes on who their neighbors are, so that you are even more knowledgeable. I find that people love it when you can say, "oh yes, your neighbors to the west, Mr. and Mrs. Smith. They've been there since 1992 and paid $327,000 for 3400 sq ft." They really feel confortable when you actually know their neighbors names. Something simple and oh so easy.

 

Dee

Feb 12, 2008 01:04 PM
Roberta LaRocca
Simply Vegas Real Estate - Las Vegas, NV
REALTOR®, Broker, Salesperson, NV. Lic BS.507
Dean, These are great!  Thanks for keeping us updated on what is happening at the family reunion.  Y'All have a good time now, ya hear?
Feb 12, 2008 04:32 PM