By Omar Johnson
The author has permitted the reprinting and redistribution of this article.
To ensure your success as a real estate investor you must be prepared to deal with sellers. The bottom line is you must know exactly what to say to them to get the appointment and you must know exactly what to say to them to close deals. In addition, when you are faced with objections from sellers you must have logical confident responses that will lead to the close and ultimately the deal.
The best way to prepare to deal with sellers is by using scripts .Having something to follow can be greatly beneficial for your confidence and your poise. The most common way to do this is to sketch out an outline for your situation. What are the main points you want to hit, and what do you need to cover This is a great way to help keep your thoughts organized and a great way to eliminate fear. Following a script also keeps you from getting tongue tied because you don’t what to say or forgot what you wanted to say. In short, A real estate script keeps you on the right course.
As a real estate investor you should have a set of scripts handy that cover every possible situation that you might encounter with a seller. Once you have those set of scripts you must practice, practice and practice some more because it is the key to becoming a master communicator.
A great way you can practice is by utilizing family or friends. They can pretend to be the seller and you can play your investor role of wanting to obtain their property. Your comfort level with people you know should ease your anxiety.
In addition, your repetitive rehearsal will allow you to become more confident in communicating your message and your delivery will dramatically improve and become ingrained in your sub-conscious mind. As you practice, everything will become second nature to you like reciting your ABC’s. This will allow you when you are talking on the phone or meeting with an actual seller in person to be naturally automatic in your response to questions that the seller may ask you. It will also allow you to be automatic when posing your own questions to the seller.
The following is a script of what to say to a seller who is a frustrated landlord.
Seller Hi my name is Pete and I am responding to a letter sent to me in regards to buying my property located at 1313 Mockingbird Lane.
You Hi Pete, my name is Omar and thanks for responding to my letter to you. Let me explain to you exactly what I do. I am a real estate investor who buys houses creatively by offering win win solutions to property owners. I have the ability to close quickly because I don’t need a bank to buy your house. This eliminates any and all hassles. Can my service be of use to you
Seller Yes, because I’m looking to sell my house fast.
You If you don’t mind me asking, why are you selling your house
Seller Not a problem. The reason why I am selling my house is because I am tired of being a landlord. It’s a two-family house and the 2 tenants who are renting the place for the lack of a better word suck. So I just want to get rid of the place.
You I understand and as a former landlord I can totally relate to your situation. Sometimes you rent to tenants who decide they don’t either want to pay rent or if they pay it they decide not to pay on time which poses problems.
Seller Exactly, plus I’m tired of making repairs to the place because it puts me in the hole.
You Speaking of repairs how much repair costs do you think your house needs
You What do you owe on the house
Seller That’s really a personal question.
You I buy on average 40-50 houses a year using various methods. I’m probably the most serious buyer you have talked to yet. The bottom line is to make you any type of serious offer on your house I need to know the facts. Will this be a problem for you
Seller No, I owe $180,000
You What is the appraised value of the house
You Will you allow me to buy your house by taking over the payments
Seller Yes, as long as I am able to cash out some of my equity.
You I don’t see any problem with that. Are you ready and prepared to fill out the paperwork to get it done today.
You Ok great! Let’s set up an appointment so that I can see the house.
Omar Johnson is a successful real estate investor and author of the home study course What To Say and How To Talk To Sellers In Your Real Estate Transactions For more info visit httpwww.whattosaytoaseller.com
If you would like to take advantage of the market and learn how to invest in real estate and you are local to the Dallas Fort Worth area, I know a really great teacher and mentor here in Arlington Texas. Please take a look at his web site: DennisJHenson.com, Dennis has a great Mentoring and training program, I know because I am one of his former students. I learned a lot from his one on one teaching technique. – Michael Harman 817-457-7572 firstname.lastname@example.org>