How NOT to Sell Anything to a Real Estate Professional

Reblogger
Real Estate Broker/Owner with Winston Realty, Inc. BK63078915

J. Philip Faranda,  shared this wonderful classic post that can be used many times over. The array of details and data will surely benefit you and your present or future clients. It is detailed and right to the point. It should also help with any gray areas, to give you an upper hand with this competitive real estate market in your area. Thanks for sharing.

 

Original content by J. Philip Faranda License # 49FA1074963

As a broker with over 60 agents, I am approached fairly often by many in related industries about getting my business for their product or service. They could be mortgage loan officers, lawyers (NY is an attorney state), title people, inspectors, or any other housing resource. I'm often bemused by the way my I am solicited by what are often complete strangers. 

After 20 years in the industry and 10 as an independent broker, it probably is no big secret that I have fostered relationships with industry colleagues in law, finance, inspections, and other sectors of the business. They have earned my friendship, my trust, my good will , and my loyalty. They were with me through the darkest parts of the crash, picked me up, laughed with me, cried with me, and referred me business. They are my "go to" people. Am I open to new relationships? I am, as the firm grows, but there is a right and a wrong way to go about asking for my business.

Here are a few do's and don'ts. 

DON'T:

  • Invite yourself to speak to my team or office 5 minutes after we've been introduced. You didn't earn that kid of access, and quite frankly, being that detached from decorum makes me question your judgement. 
  • Drop in. Just don't. I don't interrupt your work day. 
  • Ask me to display your stuff in my office. Plastic stands with your business cards and brochures imply an endorsement. They can also pile up if I display for everyone who asks, and that crowds out my tried and true relationships. 
  • Have conversations that always culminate in solicitations. This makes me appreciate caller ID. If I get pitched every single time we speak, you get old really fast. 
  • Refuse to take "no" for an answer. I appreciate persistence. I am in sales. I get it. But if I am on the phone with you and you force me to hang up on you because I have to answer a call from a client or team member, that is irksome. And obtuse. And vexatious. Who likes an irksome vex? Nobody, that's who. 
  • Corner me and hijack my time at industry events. Awkward. Rude. Not much upside. 

DO:

  • Demonstrate value. Many of the vendors we use were introduced to us on the other side of a transaction or came directly from a client. We kept using them because they performed. 
  • A good job. Excellence is difficult to hide. 
  • Demonstrate thoughtfullness. People that actually remember what we spoke about make a far better impression than those who view anything as I say as their waiting period before they can revisit blathering. 
  • Ask what I need. This is sales 101. Define the need, then deliver a solution. I might not need a home inspector, but you know what? We could use one who speaks spanish fluently. There are many other examples if you pay attention. 

NEVER:

  • Spoof me or call from a spoofed number. Subterfuge is never appreciated, and is borderline harrassment. 
  • Pressure me. As the adage says, people may not recall what you say, but they always remember how you made them feel. Applying pressure or the hard sell has no place in 2015 commerce. 
  • Act entitled. So we rub elbows at quarterly industry gatherings. That doesn't make us best friends. Revisit the do's above.

Notice that not once do I suggest that you buy me lunch or a drink. I can't be bought, and I respect your wallet as much as I hope you'd respect mine. 

Some will disagree with me, and say that you have to ask for business to get business, and nothing ventured, nothing gained. But I think there is a right and wrong way to foster relationships, and much of it is rooted in making the object of your desire feel comfortable and percieve value. That's how I prefer to do business, and that ethos has served my firm well. 

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Posted by

P. Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA

We service all of Palm Beach County and S. Florida

 

 513 N. Country Club Drive, Suite 200, Atlantis, FL 33462

Office: (561) 247-7376 - Fax: (561) 537-7223 - Cell: (561) 629-2660

Email: PWH@WinstonRealty.co - Web: WinstonRealty

 

Search: Atlantis, Boca Raton, Lake Worth, Palm Beach Gardens,

South Palm Beach, West Palm Beach           

 

                      

              

P Winston Heverly - Real Estate Agent

Comments (3)

Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I will not ans people who do not identify themselves.  There are too many spammers and people want to sell you things. If I do not ans leave a msg stating what you need.  I will get back to you quickly.

 

Sam Shueh

Oct 11, 2015 02:52 PM
Mike Sasse
OfferPad Home Loans, LLC - Scottsdale, AZ
Sales Leader

Great post. As a loan officer coming from a call center environment where all leads were given to me I was used to the hard sales approach with a client. It was a tough transition to gaining the respect and ultimately the business from realtors when I moved to a new state. While I agree it is important to ask for the business from agents I believe you only have the "right" to when you have made the effort to demonstrate the value that you bring to the table. How I can help THEIR business grow. Growing my business through them is just an afterthought at that point.

Oct 11, 2015 06:31 PM
Christine Gerbehy
Berkshire Hathaway Home Services Fox and Roach Northfield - Egg Harbor Township, NJ
Making waves, one home at a time...

LOVE this!!  You gotta love the pitch 5 minutes after they talk... NOT!!!!

Oct 12, 2015 01:49 PM

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