Special offer

Freeze! And drop your weapon!

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

Disarming people. This is skill that needs to be developed if you want to be successful in Real Estate. Unfortunately, rude and unprofessional Realtors, upset and irate customers and nasty mortgage brokers are a part of our business. Understand this, it will not get better and you will have to deal with these people for as long as you are in the business. You cannot change them, but with practice you can change yourself and how these people react to you. I’ve said this before and I will say again, “Real Estate is all about attitude”, yours, not theirs. So understand that fact and accept it. Being able to make the best of it and being able to disarm their negativity is a skill that can be learned. If you are getting a lot of negativity in your everyday business, then maybe the problem is you. Maybe you are not handling people properly. You may be doing something that is putting people on the defensive. My goal in this post is to give you some ideas that may help you to disarm these people, to get them to drop their defenses and be more cooperative and helpful.

My example, is the Realtor who is calling in with a “low ball” offer on your listing. When you question them on this, they get defensive and the conversation goes south real quick.

Him: “This is John, I have just faxed over an offer for your listing. It may be low but your listing is definitely overpriced and my Buyer will not go any higher than this.”

You:Uh, excuse me but my listing is not overpriced, and my Seller will not come down very far off his price.” “I’ll present it, because legally I have to, but don’t hold your breath on this one.”

Ok, this conversation is going south quickly. The chances of this becoming a deal are nil. What if you responded this way instead?

You: “Hi John. How are you doing today? Working hard making lots of money? Sounds like this buyer has been keeping you pretty busy. I don’t know how you do your job, you must be very patient to work with buyers all day.”

Now at this point, John is going to proceed to tell me how difficult this Buyer is and how he has showed him every house in town and the guy keeps making low ball offers and blah, blah, blah, blah, blah.

You: “Wow, sounds like you have had your hands full. Well, since he is interested in this house lets see what we can do to get a deal negotiated. What are your Buyer’s main concerns? Is it price? Does he need closing costs assistance?”

Now, if you listen to what John has to say, he will give you the information you need to be able to present his “low ball” offer to your Sellers and come back with a counter offer that may work.

You: “John, thanks for the offer. I really appreciate you showing my listing. I will call the Sellers shortly to see what they say, after all it is their house and their decision to make. If we could make these decisions for our customers we would both be very wealthy.”

Now what has happened here, is, I have disarmed John. He has had a chance to vent his frustration towards his Buyer. I have complimented him on all his hard work and have got him to focus on getting this deal negotiated, if possible, and I have reminded him that the deal is between the Buyer and the Seller, not the Realtors. His attitude, though aimed at me, was not about me at all. It was about his frustration at working with a difficult Buyer and in my own way, I have reminded him of this. He is now on my side.

Now being the good Realtor that I am, I have to call the Sellers and present a “low ball” offer.

You: “Hi Mr. and Mrs. Need T. Sell. This is Broker Bryant your favorite Realtor. Did you guys have a nice day today?”

Chat for few minutes. Show an interest in their day and their lives. By the way, this can’t be faked. It must be a genuine care and concern. The point is, you must have a relationship with your customers.

You: “Want to sell a house today? I’ve just received an offer for the house. It’s low, but maybe we can put together a counter that would be acceptable. They are offering you …………….

Them: %$#@^ &*^% I’m %^& not  giving *&^% my &%^#@ house away!! Are these people crazy *&%#$…………….

Do not under any circumstance interrupt someone that is venting. Never, ever, absolutely not, don’t do it. Your job at this point is to wait. Be quiet and wait. Ok, ten minutes later.

You: “Feel better? I felt the same way when I reviewed the offer. Your house is priced right and they are way low. But you know, it’s the game. It’s the Buyer’s job to try and get the lowest price they can and it’s our job, as a team, to try and get the best price for your house. So let’s counter offer and see what happens. They are qualified Buyers and I know you want to sell your house. We need to get you under contract soon so you are ready to close on your new home next month. You are really going to like it up there. Did you pick out the colors of your new home yet?”

Ok, you get my point. Stay focused on the end result. In this brief discussion, with the Sellers, I have reminded them of the urgency in getting their home sold and have focused them on their new home and upcoming move, instead of focusing on the “low ball” offer. They have blown off steam, are thinking of their future and now I am ready to sit down with them and discuss the offer and the way forward.

Folks, this is why people hire Realtors. It is our job to get our emotions and attitude out of the way and help our customers to stay focused on the end results. I could write a book on this topic but noticed this post is getting a little long, so I will end it here.

Just remember, next time you have to deal with an attitude, either yours or theirs……..Freeze!! And drop your weapon!

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***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

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 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comments(27)

Maureen Francis
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel
BB, in a few months you and LW will have enough fine material here to publish into a book for new Realtors, so they can do it right from the get-go.  And I think you should. 
Sep 12, 2006 02:37 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

My goodness, Bryant, I didn't realize that you were listening in on my negotiations today. How DID you tap into my cell phone from Florida? Yep, a low ball offer, a frustrated buyer's agent, a tough buyer, and a frustrated  seller to deal with long distance. And it "ain't" over yet.

www.HomeRome.com

Baltimore,Md

Sep 12, 2006 04:11 PM
Toby Barnett
KW North Sound - Marysville, WA
Toby Barnett

Rightly said Bryant, attitude is everything. We can't change how others react to situations but we change out "we" react or better yet, act in situations. Keeping a smile at all costs and keeping emotions out of the transaction allows people to win points while keeping a clear and thoughtful mind. Great post!!

Sep 12, 2006 04:42 PM
Robert Rees - Austin Real Estate
Robert Rees Realty, Inc - Austin, TX

I think sometimes agents forget that they and the other agent is working for their client. I personally never quite understand getting defensive over an offer. If I receive a low ball offer, that's a good thing. The buyer found something they liked about the house and someone down the road may have told them that was the best way to bring the price down was to shoot way low, but they might fully expect a counter much closer to the original price. On the other hand, I've represented some buyers that wanted to shoot low and no matter what I say they feel they should do it. So in Representing THEM, I do it. The last thing I need to hear is another agent mad at me because I did my job correctly! I've wondered sometimes if agents that get angry about offers (listing agents or buying agents) if they remember who they're representing. 

Sep 12, 2006 05:58 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time
Great comments. Thanks for the interest. Margaret I really think you and I were separated at birth. I love tough negotiations! Gives me a great feeling of accomplishment when I am able to put the deal together.
Sep 12, 2006 11:35 PM
Jacqueline McCroy Elbert
RE/MAX Realty Suburban - Overland Park, KS

I liked your post.  I do not believe that any one segment, new agents/old agents, are more at fault for what you described.  We all have days that we are not very nice.  Your post is not about all those others guys and how they behave but the me/myself/and I....keeping our own egos and professionalism in check.

Sep 13, 2006 12:12 AM
"JT" Prevatte
Former Agent - Fayetteville, NC
Great post...this is the mainstream of the process.
Sep 13, 2006 03:26 AM
Barry Curtis
Curtis Realty Group, LLC - Imperial, MO
Enjoyed your post! Our team does between 170 and 200 transactions a year and sometimes we lose sight of the fact that most people only do this two or three times in their lives and we are constantly dealing with agents who do 5 or 6 deals a year. I remind our agents and staff on a regular basis to be understanding of these people and agents when they ask for stupid stuff, because every deal is important to them.
Sep 13, 2006 05:01 AM
Jonathan Dalton
Realty ONE Group - Glendale, AZ

It takes time to learn ... when I first started, I was trying to "win" versus trying to get the deal done. Took one transaction that went south (and a missed check) to realize the error of my ways.

Of course, not all clients agree with the idea of getting a deal done because they're more interested in winning - had one recently where we only were $5K apart but the buyers refused to budge further. Everything indicated the wife loved the house, but not enough to find middle ground.

They decided to go with another agent ... I wasn't too upset about it, actually.

Sep 13, 2006 05:33 AM
Joan & Greg Cook
The Cook Team at Keller Williams Partners Realty - Plantation, FL
Great Post! In this kind of market I we all need to watch our attitudes. 
Sep 13, 2006 09:03 AM
Dave Rosenmarkle
Highland Realty, Inc - Fairfax, VA
33 years of providing fully satisfying service!
Great post. I think too often our colleagues get caught up in who is "most right?" The goal is putting the other agent in their place, regardless of the impact on the potential transaction. I fired an agent a year ago for walking into my office, pulling out an imaginary pistol, blowing the smoke off & reholtering, all the while telling how for the fourth time in two months he blew off contract offers on listings because the other agent had a "jerk" offer that wasn't going anywhere near his Seller. I just don't need that kind og attitude and aggravation. Life's too short to be bogged down in the mud with negative agents. Fortunately, he joined one of my competitors.....
Sep 13, 2006 11:56 AM
"The Lovely Wife" The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Maureen:

I know. Copywriting in progress.

by "The Lovely Wife"...Kum La Ka Lakka...ROAR!

Sep 13, 2006 12:42 PM
Anonymous
Anonymous

Bryant-

You speak such truth.  I get so extremely frustrated with agents who do not realize that this is all part of why they make their money.  I have had an agent in the past thank me for the offer and insist that her sellers would not take a penny less.  What world is she living in?

Sep 14, 2006 08:26 AM
#20
Bonnie Erickson
Tangletown Realty - Saint Paul, MN
BB, your technique is so similar to the one I have employed over the years and gleaned tons of info which has given my clients an edge.  Had you had that same conversation with me, you wouldn't have gotten a tad of info about my client (unless they had given me permission in writing) other than they were "strong" buyers with pre-approval and ready to go.  It is true that knowing both clients' hot spots can help the deal come together.  I usually get that info after the initial offer is made and in the midst of the negotiation.  Keeping the clients on an even keel is so very much part of our job.  A bird in the hand is so true when it comes to getting an offer.  Helping the client to work with it to make it acceptable is a huge part of our job.
Jan 10, 2007 03:31 PM
Ed Vogt
Midwest Properties of Michigan - Grandville, MI
Grandville, MI Midwest Properties
Great post and timely!! (Although I'm reading this 6 months after you posted it.)  A person's best defense is not to be offensive.
Mar 14, 2007 03:26 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents
I love your approach. So many times, we can opt to say the "wrong" thing to the other party and the whole tone, conversation, body language and mindset will go along with it. Thanks for actually sharing a good example for the script. It's one thing to say Stay on a positive conversation and another to show what you say. You are a good teacher.
Sep 18, 2007 03:53 AM
Anonymous
PATRICK MUNCE

I found this very helpful insight.

I just learned the "venting rule.

whole article makes alot of sense to me. 

Jun 23, 2009 02:03 AM
#24
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

Great post... even 8 years later!  Thanks for sharing your wisdom, Bryant!

 

Feb 01, 2014 06:57 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Glad Beth brough this one back to life. Still a perfect post and still timely!

Feb 02, 2014 12:51 PM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hi Margaret :)

 

Feb 02, 2014 11:02 PM