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I passed too. The questions were thought provoking...
RE: RESPA Quiz!
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Fantasztic! I will!...
RE: Questions to ask a seller
Hi Peggy Ann, Great work on the blog. Did you kno...

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Questions to ask a seller

Jul. 15, 2007
Categorized in: Welcome to my Blog!
Tagged with: working with sellers

What can you do to get that great listing? There is more competition (both in property for sale and in REALTORS) than in the past couple of years, there are lots of fancy presentations everyone is going to show those sellers. But, what is really going to get you that listing? The answer is, before you whip out your laptop and fancy presentation or tell them what they need to do to sell their house or, tell them the price that they need to put on their house.... make sure you ask the right questions up front! Prepare the seller and prepare yourself for a successful relationship by starting with these questions of the seller!

  • How many homes have you bought and sold before? What was that selling experience like? When was it? Please, walk me though that process from beginning to end.
  • How did that work for you? (You want to know the goods and the bads!)
  • Do you know how it works in this market? (Explain concentrating on what they have told you about their past experiences. If they have never sold a home before, make sure that you go through the process, from beginning to end in a complete, but simplified format)
  • What do you want to accomplish in the sale of this property? (It is never just about the price!)

Seemingly simple questions? Maybe; but the answers will reveal to you what sellers want  and need from you in the sale of this property and what you need to coach them on to get the listing and more importantly to get that property sold!!

Try them and see if they don't improve your success rate as well as start your relationship with the seller out on the right foot!

User Comments

1. re: Questions to ask a seller

Written by: Caryn Becker
Jul. 25, 2007
Hi, thanks for the post.  I recently lost a listing to a big name agency.  After spending quite a bit of time and 3 appointments later, the seller told me reason he didn't pick me was because I was with a small independent company.  He further stated that he had a bad experience with one in the past.  Had I asked the questions you suggest, it would have come out on the first visit.  this would have given me time to present my case or to bow out gracefully.  Thanks and I will ask the questions in the future.  Caryn

2. re: Questions to ask a seller

Written by: Joni
Jul. 29, 2007
Great information that reminds me of my first classes in real estate.  Always ask questions first.  These are basic negotiation skills - find out what the other person expects and concentrate on that.  Solid skills for success!  Thanks for reminding me.

3. RE: Questions to ask a seller

Written by: Saul Klein
Jun. 11, 2008

Hi Peggy Ann,

Great work on the blog. Did you know that you can submit posts to this blog platform via e-mail? Check with Ashley or John when you get a chance.

When a seller refuses an offer, remind the seller that by refuing an offer, they just purchased the home themselves for that offered price. Is that something they really want to do?

Saul

4. RE: Questions to ask a seller

Written by: PeggyAnn
Jun. 11, 2008
Fantasztic! I will!

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