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Internet Lead Conversion....What To Do & Say Before The Appointment!

By
Real Estate Agent with RE/MAX Select Group BK3027955

There's a lot of things that are important when you're trying to convert internet leads and what to do with them when you make the appointment.

 Agents are losing money and business each year because of a lack of knowledge of internet lead conversion and lead "follow up".

Lead follow up is the most important phase of the sales process and this is exactly what agents fail to understand.

Understand that lead follow up is a numbers game calling these leads daily and asking for an appointment is the most important step in converting leads.

1. Follow Up

The primary purpose of lead follow up is to Get The Appointment!

Appointments leads to contracts and contracts leads to MONEY! Got that so far? 

What to say when you follow up is just as important as picking up the phone or making that email stand out above all the others.

Asking the right questions is key. What questions do you ask? That's the key to following scripts.

The definition of a script is the following: Text instructing somebody what to say: a real or imagined piece of text setting out what somebody is to say or do on an appointment or meeting!

The Anxiety of most agents is that they don't know what to say and how to locate a seller or buyers motivation.

Without knowing the seller or buyer's motivation is like driving a car without knowing the destination and nobody gets anywhere doing that.

Ask them the hard question as to when the want to sell and where they are going, and most important as to how long or when do they want to be there.

Go ahead and ask the question, don't be bashful - Be Bold!

Mr. and Mrs. Seller, " On a scale of 1 to 10, 10 being the highest motivation - How soon do you have to sell your home and what time frame do you have to be there? When do you want to move!

Period - End of Story

If they say as soon as possible - you have them at When!

If they say ten - great then you proceed to the next phase of the sales process. If they give you a low number than it is not a good appointment to go on - no motivation leads to problems in the future - remember I told you so!

2. Marketing Plan

This is what separates the the winner's and losers - those that walk out with the listing agreement signed or you go home with your tail between your legs. ( Everybody has been there - Be Brave! )

First question the seller will ask you is how are you going to sell my home fast and for the money I want to get out of this property.

Great question:

There are two approaches to selling a home - Passive and Aggressive 

A passive approach is what most agents in real estate do, almost 99% of agents take this passive approach to selling homes.

This passive approach is like being in a shark cage with a Great White shark trying to take away the value of your home.

You see if I just put your property into the Multiple Listing Service like those passive agents do and just hope someone else is going  to sell your home for me, the property value on your property would decline each week, each month there is no buyer for your home and no contract.

- That's the Passive Approach

And the sharks are eating your profits!

 

My Marketing Plan is the Aggressive Approach!

1. Internet Exposure

Buyers start their search for properties on the internet and after that they contact a local agent to work with whom they feel confident that the local agent knows the area and knows the best properties on the market.

We market our properties on Realtor.com, which is the most visited website for home buyers in the country, and you can only market your property on Realtor.com through a Realtor who belongs to the local Board of Realtors.

The other aspect in creating internet exposure is creating professional pictures of your property and the best description of the property that would cause excitement and desire for potential customers.

I am the marketing expert in the area, thats what I do, and I do it full time!

Also, there are many local websites and realtor network sites that I place your property and it gives the greatest exposure which will net you the most money for your property.

Supply and Demand creates value - Exposure brings Demand for your property.

2. Marketing to Top Agents In the Area

I contact the top buyer agents in the marketplace to inform them that your property is for sale and on the market, and invite them to bring buyers to your home.

3. Aggressive Phone and Internet Call Capture

Explain to the seller that you call daily to people buying and selling real estate and speak to 4- 50 people everyday about buying and selling real estate.

I go and find buyers for your home - I do not just wait for a buyer to come or another agent to bring a buyer.

4. Price the Property Correctly

This is the most important, yet "touchy" part of the interview with the seller. Follow carefully.

Now this goes without saying - You must do your homework. You are the professional. You have all the tools to price the property correctly. Again, Be Bold!

Mr and Mrs. Seller, I have carefully prepared the market condition study of your property, the area and market sales prices.

As the Real Estate expert in the area, my job is to study properties and the prices that have been sold in the last three months. Banks have been tough on appraisals and if the potential buyer is financing the property, there will be an appraisal completed on your home, and the bank will not over pay for your property. There is a third party involved, and there is no emotional attachment with the property whatsoever from the bank.

The buyers can fall in love with your home, but if they are financing it with a bank, it must appraise at the contract price.

That is why they call me the expert so we can market your property and market price and we will not run into an appraisal issue with the banks.

Mr. and Mrs. Seller, Think about the buyers motivation for a moment. Buyers have the advantage in this market conditions, there are many choices out there. The property that offers the BEST VALUE gets the contract in today's market.

Present the active, pending and closed sales in the area - comparable to the subject property. Seller's are not ignorant - they have awesome tools at there disposal thanks to the internet, so be prepared, do your homework.

When it is all settled, you have explained everything - with a happy face and a concerned and thoughful presentation - You are ready to convert the lead -

Close the deal! -

That's exactly what you want in an agent - expect an agent to do for you - is to find a buyer for your home, Isn't that right?

Here's the pen - Put me to work for you...Sign the Listing Agreement!

"For other methods of converting internet leads, be sure to check out giftofshift.com/activerain you can purchase a limited edition hardcover of Gary Keller's book SHIFT, which comes with a free version of the eBook Soci@l: Attract Friends, Followers and Connections to Your Business, written by Ben Kinney and Jay Papasan (in which Ben shares his 'ten days of pain' lead conversion method) as well as free audio versions of Millionaire Real Estate Agent and Millionaire Real Estate Investor all for $19.99."

 

 

Comments(63)

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Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Catherine - Going back to basics is sometimes best for newbies and veterans!

Jan 11, 2010 10:16 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Bob - Glad I could help you some - perhaps you can help me someday!

Jan 11, 2010 10:16 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Bill - Phone always leads to face to face encounters if you know what to say to set the appointment!

Jan 11, 2010 10:17 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Arrowhead - You know the mystery of life in real estate!

Jan 11, 2010 10:18 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

JP - Thanks brother, much appreciated especially from you! I want to convey some knowledge of real estate and help some this year in 2010.

Jan 11, 2010 10:20 AM
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Nicholas - love your attitude and your strategy.  I am not as attuned to the lead capture as many, but I do subscribe to your aggressive listing mentality and certainly dont understand how some can believe that placing a sign in the yard is enough to get the job done.

Jan 11, 2010 11:22 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Tim and Pam - NAR Survey on "Where Do Buyers Come From?" said 30% of buyers buy "another property as a result of a yard sign...

Jan 11, 2010 12:17 PM
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Nicholas,  I saw this in the Active Rain newsletter so came seeking it out.  I don't understand why there is not a gold star though.  Wonderful post!

Jan 11, 2010 02:45 PM
Steve Stockman
RE/MAX Metro / Eastside - Seattle & Bellevue , Washington - Seattle, WA

Nicholas,

Thanks for the post!  You reinforced some things I do and have me thinking of a few ways to improve.  Being prepared with a well thought marketing plan and sharing a passion for helping the home owner sell their home is a sure recipe for success.  You convey these principles very nicely.  Thanks again! 

Jan 11, 2010 04:47 PM
Fred Carver RETIRED REALTOR
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Nicholas...Great Post, I see you have a plan, that's good . As you know the Gold is in the follow up to Buyer and Seller Leads regularly.

Jan 12, 2010 02:08 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Marchel - Thanks for stopping by - They don't like me enough for the gold star, I guess ;(

Jan 12, 2010 02:25 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Steve - Thanks alot! Thats means much to me coming from my peers!

Jan 12, 2010 02:26 AM
Broker Nick Goglucci
RE/MAX Select Group - Coconut Creek, FL
Broker Nick Relocation Broker Service

Fred - There is gold in them there hills - but the secret is to go after it!

Jan 12, 2010 02:27 AM
Jay Anderson
Century 21 Cornerstone - Cypress, TX

Hi Nicholas!  Thanks for the post.  You said, "Explain to the seller that you call daily to people buying and selling real estate and speak to 4- 50 people everyday about buying and selling real estate."

I would love to call this many people daily.  Do you get these contacts through the lead services to which you subscribe?  Thanks.

Jan 13, 2010 01:05 PM
John Fiorelli
Premier Realty - Richmond, VA
REALTOR Richmond, VA aka fiorealtor.com

always call asap someone else will is the most important thing you typed!!!

John Fiorelli, REALTOR 
Recruiting Director
Marketing Consultant
Century 21 Signature Realty
2800 Buford Rd. Ste 204
Richmond, VA 23235
Direct: 804-908-2046
Office: 804-330-4222
Fax: 804-330-4249
 
Email:
john.fiorelli@century21.com
Web:
www.fiorealtor.com

Jan 13, 2010 01:26 PM
Bo Kociuba
McGraw Realtors - Mustang, OK
Realtor - Mustang, Yukon & OKC Metro 405-812-1572

Nicholas - simple and to the point! Like the assertivness of your thought and action...

With smiles,

Bo in Yukon

Jan 14, 2010 01:02 AM
Ken Bryant
Chino Hills, CA

Nicholas, Great Post! I'm a new agent and this is very helpful...

 

Thanks, Ken

Jan 17, 2010 11:29 PM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

Thanks for posting a great outline Nicholas. Getting the price right is the hard part.

Jan 20, 2010 01:11 PM
Beverly of Bev & Bob Meaux
Keller Williams Suburban Realty - West Orange, NJ
Where Buying & Selling Works

Good post to make me think about the process I follow. I especially like the shark analogy.

Jan 22, 2010 12:36 PM
Grace Keng
Keller Williams Realty Cupertino - Cupertino, CA
CRS, CDPE (408) 799-8887

Great post! Thank you for sharing with us. I am going to use your listing approach next Tuesday.

Apr 17, 2010 05:10 PM