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Short Sales: What is the distressed homeowner really saying?

By
Real Estate Agent with America's Home Rescue (2008 & 2009 NAR Convention Speakers)

Avoiding the Six Traps of Ineffective Listening in Short Sales

 

Most people don't realize that effective listening isn't something that comes naturally.  In fact, many real estate agents are too busy working Short Sales that are never going to close to begin with because of something they didn't hear or recognize in the very beginning when talking to the homeowner.  Knowing what the homeowner is really telling you in the qualification stage of the Short Sale process is initially one of the most important steps in the beginning.  It's something you need to practice.  To see whether you yourself could use some improvement in this skill, see how many of the following "traps" you fall into when you're listening to somebody.

1.       The Quick Trigger Trap

Letting a single word-usually a negative word like "foolish", "immature", etc.-produce an emotional response that sweeps your attention away from the conversation.

2.       The Wishful Thinking Trap

Instead of hearing what a person is actually saying, hearing what you want to hear, and supplying your own interpretations.

3.        The Mind Drift Trap

Allowing your mind to drift away from the conversation, possibly because you're thinking of something else.

4.       The Forest for the Trees Trap

Paying so much attention to each detail communicated that you lose sight of the overall message.

5.       The Words Only Trap

Paying attention to the words alone and not to other communication cues, like gestures, tones and hesitations that often reveal more than words.

6.       The Jump to Conclusion Trap

Making a snap decision on what you think somebody means, rather than paying close attention to what is actually being said.

Comments(2)

Danielle V. Lewis
DDR Realty - Newburgh, NY
DDR Realty
Body language is definitely more telltale than words can be. People can easily lie or flub things, but it's extremely hard when the body, not the voice, is concerned.
Aug 12, 2007 12:03 PM
Michael & Stacy Spickes
America's Home Rescue (2008 & 2009 NAR Convention Speakers) - Austin, TX

Initially, in most cases, agents won't have the opportunity to have a physical presence with the homeowner.  Communications will be done via a phone call.  To be aware of the homeowners body language is just as important as effective listening skills.  In most cases, the initial dialogue will be done via phone.  If the first interaction is not being done via a phone call, to much time is already being invested on the front end before determining if the homeowner is both qualified as a short sale candidate and is a quality lead.

Michael Spickes

America's Home Rescue

Aug 12, 2007 12:20 PM