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Why Most Agents Fear Closing? Really?

By
Real Estate Broker/Owner with Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington 0788174

Do most agents fear closing? As far as I know, closing is the most exciting and relieving part of the whole process. It is the day for a visual gleaning of the fruits of our labor; the final stage wherein we get rewarded for our service; the day when accolades of appreciation is received  in the form of a pay check. It is the day when we don the laurel of success.

 

Usually, closing is wherein a few brief and casual verbal exchanges, for the very first time, transpire. This is when all the parties from both sides get introduced to each other. So far, I have not seen a brawl or unpleasant outcome during closings. There was once a sudden outburst of tears that the seller could not stop from holding. But that was it.

 

What was the paradox about? That Most Agents Fear Closing?

 

According to Tim and Julie Harris, CLOSING is that big, suspenseful moment  where you have to use your skill and finesse to get your prospect to say yes.

 

 "It’s no surprise that this terrifies most agents, so today we’re going to be discussing how to overcome your fear of closing, along with some of the proven closing methods that take the stress out of it."

 

Tim and Julie also added the following:

 Takeaways:

  • The word "close" terrifies most agents.
  • There are proven closing methods that take the stress out of this experience.
  • A big part of closing is delivery.

 

My take on this:

  • Closing does not terrify agents. Rather, it is the day we celebrate. It is the day we get paid.
  • There is no proven methodology that will take the stress out because closing day is not a stressful day. It is an exhilarating day for us agents.
  • Closing is the delivery day or the conveyance day. Delivery is not the big part of it. It is it.

 

I don't know from what perspective Tim and Julie based their article from but in my opinion, this piece is just too far from reality. I don't know all agents in our region where closing procedures are conducted according to the norm. What I do know is that closing day is not a terrifying day for most, if not all, of the agents.

 

 

 

Posted by

        Maria Gilda Racelis 

      "I Always Strive to Make a Difference."

         Serving Hartford, Tolland and Middlesex Counties

Phone: 860-995-9473

Email: mariagracelis@gmail.com

mariaracelis.com

 

 

 

 

 

 

Comments(17)

Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Maria.  If the agent is afraid of the closing then they won't be in the business very long.

Aug 25, 2015 09:24 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Conrad: I can see the truth in what you just said Conrad Allen 

Aug 25, 2015 09:27 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I've never had a problem with closings, Maria.  The road that leads to some of them, however, can be a different story.

Aug 25, 2015 09:34 PM
Raymond E. Camp
Ontario, NY

Good morning Marla,

I have looked at it as a chapter closing and the start of a new one!

Make yourself a great day.

Aug 25, 2015 09:41 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I agree with you - Closings are fun! A great place to really tie down that loyalty

Aug 25, 2015 09:58 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Maria - hmm - I've never thought of closings as anything to fear but they are fairly transparent in California and it's more likely than not that the seller and buyer(and sometimes the agents involved) never meet face-to-face.  

Aug 25, 2015 10:21 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Maria, have only feared closing when there has been issues all along the path, and the agent has been controversial.   Usually I ask to close separately if this happens.   

Aug 25, 2015 11:39 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Maria...closing the deal is my favorite thing to do (well OK...2nd Favorite).

Aug 26, 2015 12:30 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

I love closing day! It's exciting for all parties and my heart always swells when I get the notification from title that we've recorded!

Aug 26, 2015 02:44 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Closings are what it's all about and I look forward to closings!!!  If there are no closings, there is no money for me to pay my bills, haha.

Aug 26, 2015 03:07 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Maria

The closing is a step in the sales process . . . . When everything is in order for a closing it's a piece of cake . . . . When the ball is dropped in the process . . . . the closing has the making of a nightmare.

Good luck and success.

Lou Ludwig

Aug 26, 2015 04:54 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Maria, the writers of the article must be talking to Realtors on another planet, because every Realtor I know the Closing is what they most look forward to.

Aug 26, 2015 09:41 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Maria- you can prepare as much as you can, but you never know when an unknown factor may cause a bump in the road. Good agents understand this and look forward to the closing. 

Aug 26, 2015 10:19 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Closings are the best part, it is the culmination of all the work and the best part is the check

Aug 26, 2015 12:30 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Maria. I agree with you completely, I have never like the terminology "Closing", much prefer "Celebration". After whatever frustration there was leading up to that point, I would much rather be celebrating.

Aug 26, 2015 08:26 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Maria, the closing should be just the signing, no last minute stuff.   As Joe says - it is a celebration! 

Aug 26, 2015 11:05 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Closings are the finish line at the end of a long marathon..time to celebrate success and move forward!

Aug 27, 2015 08:37 PM