Did you know that seller personalities can hinder your real estate transactions? All investors must learn to deal with these.
Some sellers are difficult to work with because they lack the ability or willingness to communicate. This may include a statement like, "I do not need to tell you that." In this situation, it is best to simply stop this as soon as it happens. Tell them that it is in their best interest to create the best deal for them. They need to provide you with information if they want that. Also, include that without this information, the offer made is likely to be far less than what it would take to provide the information. After the less than ideal offer, be sure to let them know that if they provide the information they may be able to get the offer they need. Then, there are some that just will not be willing to communicate even in that situation. So it is best to just walk away. The person is not motivated or they do not realize how motivated they should be. They may call you back to talk with you. Other times, it is a waste of time no matter what you do.
Another seller personality that most investors will come into contact with is one that is anxious or overly fearful. They are the type of person to say, "what if" many times over no matter what information you provide to them. "What happens if it does not close?" "What if this is a joke?" In situations like this, deal with the individual concerns the best you can. If they are worried about the property closing, assure them that as an investor you would not be buying the property if you felt it would not close. Let them know that you value their time and would not waste it if you thought there was any reason that the property would not close. When someone has this level of fear, the best way to communicate with them is through high levels of confidence. Do not put in the word "if" in statements you make. Be definite.
Another seller personality type is the one that is highly indecisive. They may be afraid or lost and not know which way to move forward. They may tell you they do not know what to do or they need to think about it. In this situation, do not make the mistake of offering too many solutions. Simplify their decision process by giving them one option to go with. As an investor, you need to find a solution that is best for them prior to placing it in front of them. Once you give them that solution, tell them what to do. For example, if you give them two choices, be sure to tell them which choice you believe is better for them and why that is the case. They are actually looking for someone to come in and take responsibility. When you guide them, you become that consultant for them in this real estate transaction. Tell the seller where they should be headed. Be sure you tell them why this is the right decision for them, though.
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Personality types are important when attempting to sell property. John Turk explains how certain personality types can hinder a sale. John Turk is a real estate investing expert on Wholesaling & many things pertaining to this subject. Check out his site to learn how to make a literal fortune in the wonderful world of real estate investing, along with the latest tips & strategies used by the industry experts right now at http://greathousedealsflorida.com/
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