1. ALTERNATE OF CHOICE QUESTIONS: FORCES A CHOICE

EXAMPLE:

*WHICH WOULD YOU PREFER, A 15 YEAR OR 30 YEAR PAYMENT?

*I CAN GET YOU THE $10,000 CASH; YOU CAN EITHER BUY A BOAT OR REMODEL YOUR KITCHEN, WHICH IS MOST IMPORTANT TO YOU?

*DO YOU UNDERSTAND THIS DOCUMENT AS I HAVE EXPLAINED IT, OR SHOULD WE GO OVER IT AGAIN?

2. ACTIVE QUESTIONS: FORCES THOUGHT CANT BE ANSWERED YES OR NO.

EXAMPLES:

*WHAT WILL YOU DO WITH THE INTEREST YOU SAVE?

*WHEN WOULD YOU LIKE TO CLOSE YOUR LOAN?

*HOW LONG TO YOU EXPECT TO STAY IN YOUR HOME?

*TELL ME WHAT YOU HAD HOPED TO ACCOMPLISH WITH A LOAN?

3. COMPARATIVE QUESTIONS: ELIMINATES SOMETHING YOU DON'T WANT TO TALK ABOUT AND CONCENTRATES ON SOMETHING YOU DO WANT TO TALK ABOUT.

EXAMPLES:

ISN'T IT TRUE THAT....

*HAVING LONG-TERM FINANCIAL SECURITY IS MORE IMPORTANT THAN THE INTEREST RATE?

*PAYING INTEREST ON CREDIT CARDS IS NOT A GOOD IDEA?

*PAYING EXTRA EACH MONTH ON YOUR LOAN IS BETTER THAN KEEPING IT FOR 30 YEARS?

*DEDUCTIBLE MORTGAGE INTEREST IS PREFERABLE TO NONDEDUCTIBLE PERSONAL INTEREST

4. TIE-DOWN QUESTIONS: STARTS THE COMMITMENT PROCESS, YES, YES, YES

EXAMPLES:

DON'T YOU _____?               

CANT YOU ______?

HAVE YOU ______?

*DON'T YOU AGREE THAT PAYING OFF YOUR HOME IN 5 YEARS EARLY IS WORTH $50.00 PER MONTH?

5. ASSUMPTIVE TIE DOWNS: ADDS A TAG LINE TO GET THE YES

EXAMPLES:

*IT WILL BE NICE NOT HAVING THOSE BILLS TO PAY...WONT IT?

*CREDIT CARDS CAN MAKE SAVING MONEY HARD...CANT THEY?

YOU DON'T WANT TO PAY ON A MORTGAGE FOREVER...DO YOU?

6. MULTIPLE CONCLUSION: SURROUNDS THE OBJECTION WITH BENEFITS

EXAMPLES:

*ALTHOUGH YOU WANT TO CHECK AROUND TO MAKE SURE YOU GET THE BEST DEAL...WOULDN'T IT MAKE SENSE TO GO AHEAD AND LET ME QUALIFY YOU WHILE WE HAVE MOST OF THE INFORMATION ALREADY?

*ALTHOUGH THE FINANCE CHARGES ARE HIGH, ISN'T IT TRUE THAT YOU CAN GO AHEAD AT ANY TIME AND REDUCE THEM BY INCREASING YOUR PAYMENT?

*ALTHOUGH THE RATE IS HIGHER THAN YOU HAD IN MIND, ISNT IT A LOT LESS THAN WHAT YOU ARE NOW PAYING ON THOSE CREDIT CARDS?

7. DECISIONAL FORCES A DECISION

EXAMPLES:

*AM I RIGHT IS ASSUMING.....

 A) THAT IF I GAVE YOU A COMFORTABLE PAYMENT, YOU WOULD DO A LOAN WITH ME?

 B) THAT IF I COULD STRUCTURE A LOAN TO FIT YOUR NEEDS, THAN YOU WILL TAKE TIME TO SEE HOW I CAN HELP YOU?

*I CAN PAY OFF YOUR CURRENT MORTGAGE BEFORE (DATE HERE 15-20 DAYS) THEN...

*WOULD IT BE CORRECT FOR ME TO ASSUME THAT IF WE WERE ABLE TO GET YOU ENOUGH MONEY TO PAY OFF YOUR BILLS, YOU WOULD BE READY TO START THE LOAN PROCESS NOW?

8. FEEDBACK: FIGHTS AN AGGRESSIVE STANCE. FORCED CUSTOMER TO EXPLAIN OBJECTION

EXAMPLES:

*RATES TOO HIGH?

*YOU HAVE TO TALK TO YOUR BROTHER?

*FINANCE CHARGE IS TOO MUCH?

*PAYMENTS ARE TOO HIGH?

 
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39 Comments on 8 Basic Question Types

Hi Rob, Thanks for sharing this.

Different personality types respond differently and know alternate ways of drawing people out, I find, is useful! Also, good negotiation strategy-to ask things several ways!

Hugs & Smiles,
Joeann Fossland

e-PRO,GRI, PMN MRE Society, Certified e-PRO Trainer, Master Certified Coach

 http://www.joeann.com/  mailto:joeann@joeann.com  

Supercharge Your Business:www.joeann.com/realestategame.htm or

The Real Estate Expired Game

"Life is too short to perfect your weaknesses" Joeann Fossland

04/27/2007 08:59 AM by Joeann Fossland, Master Certified Coach (Advantage Solutions Group)


Great lead questions...definately will come in handy for closes

04/27/2007 05:57 PM by Dan Allred Thousand Oaks Real Estate (Exit Family Realty)


 I'm so glad you shared this! I'm bookmarking this page!  These are things that I was taught from a master closer!   I'm convinced that you just can't get away from the basics!  They keep you anchored!

 

 

04/27/2007 10:47 PM by Toya Condelee (Exit Realty Results)


Great informational post, my friend....... It is nice to see people who know thier stuff!!!

=-D

04/28/2007 03:07 PM by Central Florida real estate - Alexander Harb PSEM®, E-Agent® (Beach and Luxury Realty Inc.)


Assumptive questions are fascinating and work.  Very good new info and a wonderful reminder also.  Thanks!

04/28/2007 06:48 PM by Marina Del Rey Real Estate - Troy Heffner - Marina Del Rey, Venice Beach (Keller Williams Realty - Marina Del Rey, CA)


Thanks for sharing - good post, I'm bookmarking this one!

Mike

06/04/2007 09:35 PM by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group)


Great post, and the list of groups you posted it to is impressive  :)

08/03/2007 12:25 AM by Ahwatukee Real Estate Expert, Dawn Workman, MBA (DPR Realty, LLC)


Rob

Good information and they are great as come back lines once you have mastered them. Wouldn't you agree? Makes sence dosn't it?

08/03/2007 07:56 AM by Gary J Rocks (Sussex County Real Estate)


definitely a blog post worth bookmarking.  There is so much good stuff here on AR.

 thanks for this.

08/03/2007 01:52 PM by Kate Bourland; Redding Mortgage, Loss Mitigation, Money Merge Accounts (Windsor Capital, Dyer Beech & U First Financial)


Lots of information.  Thanks.  I will bookmark this for future reference.

08/03/2007 05:38 PM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


Thank you very much for sharing, I need to pass this on to the rest of my office.

08/13/2007 02:02 PM by Shane Sarae, Senior Mortgage Planner (Loan Network LLC)


Rob, I "stole" your post. That is how much I thought of it.

Bill Riberts

08/13/2007 10:02 PM by Bill Roberts - "Baby Boomer" Retirement Planning (Brooks and Dunphy Real Estate)


Not sure how you got it to post to so many groups! I thought there was a limit.  I don't see how this ties into Christianity, but it's a nice list.  I'd love to see you expand your post here with some insight on when and how to use each one and where in the process.  I'm sure wherever you got this information covered that.

Thanks!

08/14/2007 04:28 AM by Joshua Jarvis (Keller Williams Realty - Atlanta Real Estate)


Hey thanks for these questions...

I'm an old dog, but I'm always willing to learn..

Thanks again!

08/16/2007 08:33 AM by Orlando Homes Armando Rodriguez Real Estate & Mortgage Broker-GRI (QUEST REALTY SERVICES)


Your comments will help those wanting to improve their negotiating skills.

Charels

08/19/2007 07:17 PM by Charles Parrish (Auction Brokers, Charles Real Estate & Investors United)


It all boils down to ABC Always Be Closing... You've got some great open ended, assumptive and yez/noz questions... just reinforces my beliefs that a great closing question/statement can come in any form. I use them in every aspect of my life not just business! My prsonal favorite is if I could prove to you... will be be putiing your house on the market today? Logical people are the ones we're looking for, aren't they?

08/23/2007 11:41 PM by Vincent Martinez (Prudential Network of Homes)


What a great post on basic questioning techniques (styles). I cant believe I haven't come across this post before. Keep doing what you do and best of luck.

10/08/2007 01:19 AM by Vincent Martinez (Prudential Network of Homes)


Good question list and good info.  When I was doing loans, I would also have a brutally frank conversation with the borrower about the pitfalls of the loan process and make it clear to them that there were things that could slow down the process.

10/08/2007 09:12 AM by SETH CALLEN (OKLAHOMA INSURANCE SOLUTIONS)


Great list of questions and lots to think about here!

10/08/2007 01:05 PM by Scot Thrapp (Coastal Palmetto Realty )


Great salesmanship here! Good way to close that loan!

:-)

10/22/2007 09:48 AM by Kris Krajecki - American Mortgage Werks - Huntley, IL


Getting back to basics is helpful information and a great reminder.  Thanks for the post. I have book marked it.

10/28/2007 08:09 PM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


ahhhhh  the old days of Zig Ziglar, Tom Hopkins and all the other gurus!   great post!!!

11/05/2007 10:09 PM by Lewis Poretz - Open Mortgage - Maryland FHA expert


yes, this is a great posting.  I agree with some of the comments.  I will bookmark this one for future reference. Thanks

11/06/2007 01:28 PM by Donald Bradbury, REALTOR Bucks County PA (The Bradbury Team at Coldwell Banker Heritage)


Great Post, It reminds me of some of the old audio that I used to listen to back in the day.

 

11/06/2007 01:33 PM by Eric Medemar (Excell Realty)


Good points.  Thank you for the info. I especially like the examples.

11/06/2007 03:20 PM by Matthew Zgonc, REALTOR® for Modesto, CA (ERA Village One Real Estate)


I love your many choices for recovering information

11/06/2007 06:56 PM by Dana Iler - Keller Williams of Grand Rapids (Keller Williams Realty)


Rob, Thank you for the blog.  Very good questions.  I really appreciate the thought that you obviously put into these. I will have to subscribe to this and look it over from time to time.  Thank you

Let Earl "The Pearl" Sorrells help you discover your jewel.
Coldwell Banker Hartwig
661-400-9485
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11/16/2007 10:37 PM by Earl "The Pearl" Sorrells-Palmdale, Rosamond, Lancaster (Coldwell Banker Hartwig)


I sure hope you don't ask all of these to every client you ever have.  You would be tough to be around.  Thanks for taking the time to blog them all though

11/16/2007 11:52 PM by Aaron & Mindy Mills (Prudential CA Realty)


Good job.  I'm a fan of this method.  Keep your prospects saying yes, yes, yes.  Never give them an opportunity to say no.  It can be tricky when learning this.  You have to learn to phrase your questions properly on the fly.  But this skill can be incredibly valuable.

11/17/2007 12:19 AM by Universal Funding Partners


Good Job

Sometimes you need to go back to the basics. Great Post

11/17/2007 02:38 PM by J.R. Quarles-- The Mortgage Innovator (Mortgage Executives LLC)


Another great opening question:

 "Tell me a little bit about what you are trying to do."

They will ALWAYS lead with what's important... "I'm trying to buy a house BUT - I have slow credit, or I need my payments below $1200, or I only have $3000 in cash - "

11/27/2007 10:01 AM by Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)


These are all great questions, and ones that should lead you down the path to success.  The most difficult thing is to make them all come out naturally when you are speaking with your clients.  I will bookmark this one.

07/15/2008 03:50 AM by Troy Erickson (Terra Solis Realty, LLC)


This is great information for negotiations.  Language and phrasing of questions has a lot to do with who gets what they want out of a negotiation.

07/15/2008 02:39 PM by Jared Pomranky ~ Detroit Investment Properties (Urban Detroit Wholesalers)


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