In 2013, your clients will be contacting you to confirm their own research on the market. You will need to be ready with the knowledge to answer these queries, and be able to provide a further educational point of value. A โscripts and dialoguesโ update by Rik Rushton.
Rik Rushston will be speaking at this years Idea’s Exchange 2013.ย
As we look to develop our communication skills in 2013, thereโs a consistent need to improve our scripts and dialogues when dealing with buyers and sellers alike. The dialogue of 2012 simply wonโt pass the best practice test in 2013. Depending on your market, you will concentrate most of your energy in 2013 educating sellers towards more realistic prices, or buyers towards making offers under competition! In either scenario, the sellers need to hear these words: โAs seller and agent we can set the price at any level; however, in this market itโs the buyers who determine value, and hereโs where buyers are seeing value for similar homes to yours.โ
In some of the hot markets I have already been to in 2013, buyers need to be educated with dialogue that ensures theyโre offering their best up front: โIf I put forward your current offer to the vendor, youโll have the brochure on this property but a competing buyer will get the keys!โ
In 2013, your scripts must have an โeducational pointโ to a more informed consumer. Itโs not enough just to use the words! More importantly, you need to educate the buyers on the outcome they will experience. This is done by adding the words, โAnd what that means to you is this…โ Given the two previously detailed examples above, you might broadcast a better message by stating the following: And what that means to you is this… if you want to keep your home you donโt have to do anything, but if you want to sell youโll need to change something. What do you think we need to change?โย Most vendors would identify price as the main change required. For buyers, you could say:โAnd what that means to you is this… your reward for all the time and leg work youโve spent researching properties, to confirm that this home is worthy of making an offer, will be a glossy brochure โ when you could have the keys with a little more thought.โ
Video Updates
Good agents across the country will role-play similar dialogue on a weekly basis! Great agents like the ones I get the privilege to coach will video such dialogue to send to the buyers and sellers they are looking to educate. Weekly feedback letters need to be replaced with weekly video updates, emailed to clients and controlled through your own YouTube channel to ensure privacy. Itโs like a news bulletin; you donโt set the market conditions, but you must report them! Granted, thereโs far more power in a weekly face to face update; however, there are many markets across the country, like the Sunshine Coast, where the sellers are often living in another state and the buyer is coming in for the weekend from interstate to view properties, making regular face to face meetings extremely challenging! Video updates are the next best way to influence prospects, if time and or distance donโt allow for a โbelly to bellyโ meeting. Part of your success strategy in 2013 must incorporate a video presence that can educate prospects to the opportunities in your market.
If you were to add video to your communication strategy in 2013, you would create a point of difference from your competitors and gain a sustainable advantage that could last for many years ahead. Five years ago, business referrals were mainly generated by word of mouth;todayitโsโwordofclick!โ Many more consumers now are researching real estate market trends online before engaging an agent. Indeed, 23 years ago when I entered the real estate industry, clients would contact us to gain information on the market, given the fact that agents in the late 1980s to early 1990s were the โgatekeepersโ of property information. Today clients call us in to confirm their own research on the market.
Knowing this to be the case, here are a few โdoโs and donโtsโ around video education.
Donโt broadcast a โthoughtโ or your best guess! Do broadcast facts that are easily understood by the clients and even easier for them to verify. You want to be regarded as the local expert reporting the market news, not the weather person being ridiculed when your predictions in time are proven wrong!
Donโt broad cast in a negative manner! Do broadcast the facts, (as negative as they may be) and most importantly, the opportunities for the client to take advantage of the market conditions. Even in tough markets, the opportunity to minimise changeover costs can be a genuine positive: โWhen the tide of the market goes out it takes all house boats with it; but whilst youโre not getting as much as you hoped for, you wonโt have to pay as much on your next home either, so you will save on transfer fees and borrowing.โ
If you can use that dialogue in front of a whiteboard and show the net savings a vendor can achieve by changing over in a down market, youโve put a positive perspective on a negative market. Once thatโs broadcast to your clients youโve moved from being a โfacilitatorโ of market news, to the โcatalystโ of a positive real estate move! Mastering scripts and dialogues is a basic requirement for any agent looking for success in 2013. On their own they donโt provide any real competitive advantage. I think thatโs due to the fact that words can be replicated almost instantly by any agent. Your goal, as a highly trained and professional agent, is to package the words in a digital format that can provide a presence in the mind of the client when you canโt be physically present with them. So take your one true point of difference (you and your skill set), and start filming short, sharp educational messages of real value today. Make 2013 your best year yet!
Nice article but agents don’t need scripts like those mentioned above.
Be yourself. Have a genuine conversation with Buyers and Sellers alike ‘and what that means to you’ is that people will connect with you. You will quickly earn trust and all sales dialogue will be replaced with open and honest communication.
Rehearsed scripts like those mentioned in the article are just silly; not to mention very condescending. Dialogue like that will rightly be met with rolled eyes. You might think you sound great but the Buyer will think you are a Wally, (not the word I wanted to use).
Just tell the buyers what you really think. No canned script.. No lies… No BS… If they’re at the offer stage you must have some time type of connection with them right?
I do agree with using video. It’s powerful in all respects and I use it extensively but sending Video updates to your sellers… Really?
Why not have a conversation with them instead? If they’re in another state you could always go nuts and use the phone or Skype if you want to go really high tech! I guarantee that your client will appreciate the opportunity to participate in the conversation.
By the way… I googled and I couldn’t find Rik’s YouTube channel…. Mmm.
I respect the writer but we live in a cynical and educated society and more than ever the people we deal with are seeing straight through salesy scripts and dialogue. They expect and deserve more from us. Invest a little of ‘the real you’ with people and I guarantee that the rewards will be amazing.
Hi Mark, we do try to represent a wide variety of views in the magazine. Some of our readers are just starting out (and can use info like this), some are experienced and don’t need the practice. What works for one person may not work for another … etc … etc…..
Rik’s youtube channel is here http://www.youtube.com/feed/UCBK7RVbpIOZTNESINdFuNlw
Cheers, Ed.