I’m Not Doing That Again – Or Am I?

March 1st, 2010 by Joe Stumpf

 

I was reading this community message board post from Craig LaMar and I thought you’d like to hear about his success.

 

If you want to do something that could make you so busy you’ll never want to do it again then do exactly what Craig did and learn how to link your referral chains.  

 

Here’s what Craig said:

 

So that system of calling through your referral tree whenever you receive a referral? I'm not doing that again! 

I received an introduction last night to a family relocating here from one of my Top 150. We previewed properties his morning. Got back to office and called the referrer. Then had a few minutes, so what the heck….I called the person who had referred me to the person who just gave me a referral. And that person is looking for acreage to build, plus gave me the name of a family member who is moving this year. Then I called the person who referred that person to me. As a result now I’m doing a CMA for their home because they said, "If the numbers are right, we want to make a move and take advantage of the $6500 tax credit". 

So now I have to all this work because I called and linked my referral chains!

 

 

 

You only need three ingredients to make this strategy work for you:

 

Top 150 – The 150 people who know you, like you and trust you. Maybe you only have 75 or 100, just don’t use more than 150 max.

 

It’s important you recognize the power this group gives you when they offer your help to the people they care about. I’ve seen people make $70,000 a year by focusing energy on the 4 people who truly know, like and trust them. Imagine what you can do for the people who know, like and trust you – no matter what the size.

 

Referral Tree – This is your referral genealogy or the names of people who have referred you and go several layers deep.

 

Know How To Link Your Referral Chains – I’ll show you the same video Craig watched to get those results – so you can too.

 

Here’s Why It Works

 

What I’ve known in my life is the more I express my gratitude the more I get what I’m expressing my gratitude for.

 

Think of it this way, instead of calling and asking for another referral. Simply, call and link your referral chains so that your clients can experience that you’re grateful for the people they’ve introduced to you.

 

Call your client base today and tell them what their positive behavior is doing today for the people they introduced to you.

 

Then, based on your call and recognition of their behavior you’ll reinforce that behavior.

 

Watch this video and learn how to link your referral chains so you get results just like Craig.

 

Get the Flash Player to see this player.

Bookmark and Share

How To Get 2 Referals In The Next 7 Days

February 27th, 2010 by Joe Stumpf

Good Day! 3721 agents and lenders watched the entire 37 minute video " How To Get 2 Referals In The Next 7 Days" 3109 downloaded the scripts. If you have not watched it yet – i will keep it up over the weekend – then put it behind the BRO password for members only. Go and get this system for yourself today.

 http://www.mybyreferralonly.com

Bookmark and Share

What do you say when a prospect says – another agent said they’d list my house at a higher price?

January 15th, 2010 by Joe Stumpf

Working in the current economy you know prospects can challenge everything about your transaction. You’ve heard people challenging your commission and even challenge the price you know can get their home sold.

One of the biggest threats to your financial health happens if you abandon your consultancy and let the client choose the price that won’t get their home sold. Because you can already see it — the house sits on the market for 6 months with no activity and then out of frustration the seller cancels the listing agreement. Not only do you not get paid a cent, you find you’ve lost money because you’ve invested your money in all the marketing.
 
Whatever resistance you’re hearing in this current market, when you use these exact words you’ll discover how to influence your seller to list their house at the price that will let you get their home sold quickly. Watch this video and see the live training that will show you exactly what to do and how to protect every penny of your well deserved commission.

Get the Flash Player to see this player.

 
________________________________________________
 
Magic Words To Get Their Home Sold Quickly:
 
Martin (your prospect): Another agent said they’d my list house at a higher price.
 
Consultant: I know you want the highest price, but isn’t selecting the best agent [touch your chest] more important than listing with the agent who will just tell you what you want to hear?
 
Martin, I am here [touch your chest] because I want to make your (5-6-7) come true. Isn’t it more important to know you [touching your chest embed the command] chose an agent who can consult, negotiate, organize and handle the marketing of your home, rather than some agent who tells you the price you want to hear?
 
Experience shows a common mistake people make is to overprice their home with the agent who is the least competent to attain that price. [Pause and notice their unconscious shift]
 
Martin, based on what you said that you want (5-6-7) your next best step is to introduce your home on the market for $415,000 so that you get attention from multiple buyers and compel them to compete and pay you what your home is worth.
___________________________________________________
Bookmark and Share

Get People To Stop Debating And Accept The Advice They Need With These 27 Words

December 22nd, 2009 by Joe Stumpf

You already know when a person gives themselves their own advice they’re more likely to take it. These are the perfect words to step aside and let the person make their own suggestion on what they should do next.

Here are the 27 Magic Words . . . 
 
Client Name, I’m curious, if a good friend of yours wanted (their 5-6-7) and was given this offer and asked for your advice, what would you say to them?
 
The reason these words work particularly well is because it’s easier to see what would be good for someone else. You can use this fact to help your client find solutions that move them beyond their current challenges.
 
_______________________________
 
Working With A Buyer Named Michael
 
Michael, I’m curious, if a good friend of yours [start to touch your chest and say these words slowly so that they search for the memory of a good friend] wanted (their 5-6-7) to make room for the new baby on the way [go slowly as you say all the words in bold and give your client time to absorb and experience their impact] and was given this offer and asked for your advice, what would you say to them?
 
_______________________________
 
It’s hard to give advice when people are not open and receptive to accepting help. It’s easy when you give people the tools they need to make the right choices.
 
Notice when you ask this question you’ll find that you give your best advice and rarely get full credit. That’s because the client believes they’ve solved their own problem. That’s OK – because you’ll know you’ve helped your client move forward, make decisions and take your advice.
 
Bookmark and Share

What do you say when your seller says – I don’t want to give my home away?

December 11th, 2009 by Joe Stumpf

Selling real estate in today’s market chances are you’ve heard a seller say ”I don’t want to give my home away,” and you didn’t know what to say.

You may have disagreed with them. You may have agreed with them. Maybe you didn’t give them the facts to help them understand.
 
Plain and simple you weren’t ready, you weren’t prepared. It’s not your fault you didn’t have the right words. So that you can have automatic recall and make it easy for you to remember, I’m giving you my 10 Step Memorization Method in the video below.
 
The next time you hear someone say, “I just don’t want to give my home away." You’ll know exactly how to respond.
 
Use these words to increase agreement, raise awareness and give the facts that will get their home sold.
 
____________________________________________
 
Client: I don’t want to give my home away.
 
Consultant: Bob, that’s a good idea and I agree!
[ When you say this you give them an instant reframe, you start to agree with them, you join forces with them, and you can see their nerves start to calm down, now they're ready to listen to you.]
 
As you can imagine, as the person who [touch your chest] negotiates for you, I would not allow that to happen. I don’t know if you’ve already begun to notice that as your consultant, it is my responsibility to tell you the facts about the highest price I believe the market will bear for your home, so I can help you achieve your goal of [their 5-6-7] getting your home sold. Bob, I feel comfortable because I know you want enough money to get your home sold and make room for the new baby on the way, don’t you?
____________________________________________
 
Use my 10 step memorization method and lock down these words so that you have automatic response the next time this happens to you – just like when someone sneezes and you say, "Bless you."
 
Click on the arrow and watch the memorization method video now.

Get the Flash Player to see this player.

Bookmark and Share

Words To Use And Get Price Reductions And More Closed Contracts

December 3rd, 2009 by Joe Stumpf
 
Are you currently working with a seller who is asking more for their house than buyers are willing to pay in this current market? 
 
Experience shows the more a seller and buyer engage in an offer/counter offer negotiation the more likely one or both parties will become frustrated and causenegotiations tobreak down. That’s the last scenario you want. The deal falls apart at precisely the time you’ve spent all this time and the deal falls apart and you don’t get our commission.
 
Use these three magic words dialogues and; present more offers that get accepted, tell your client about the risks of deciding to counter offer and then make it impossible for your seller to resist your request to lower their price.
 
_______________________________________________________________________
 
These Three Magic Words Dialogues Are Straight From My Black Deck – Magic Words That Negotiate Agreement
 
How To Get More Of Your Offers Accepted
 
John, the Smiths have agreed to buy your house and I’m not going to say that this is the perfect contract; however, for just a moment imagine that because the Smiths have agreed to buy your house, you now can get your kids into the Spokane School District and have them feel adjusted with all the other kids before the first day of school. While you imagine that, let’s take a closer look at the terms in which the Smiths have agreed to buy your house, shall we?
 
Tell Your Client About The Risks Of Deciding To Counter Offer
 
John, I appreciate that you would like the Smiths to consider another offer now so that you might get $385,000. As your consultant I need to tell you the facts about the market before you try to do that.  
 
John, since the Smiths have agreed to buy your house, if you choose to counter offer it’s a bit like saying, “I want to buy my house back from the Smiths for $385,000. I’m not saying accept this offer, and I do want to advise you that you may really want to think it over before you decide to buy this house back from the Smiths because contractually your house is sold.
 
Make It Impossible For Your Seller To Resist Your Request To Lower Their Price
 
John, because you said you want to go ahead and make this counter offer of $385,000. And I know you want to create more motivation for the Smiths to act quickly and accept our counter offer. I suggest we tell the world what the new price is and we do that now by lowering the price in the MLS. The lowered MLS price should help the Smiths to have a sense of urgency and reach agreement right now.
 
_______________________________________________________________________
 
As you begin using these Magic Word dialogues to present offers, you’ll discover you’ve become a stronger advocate for your client so that your negotiation skills alone are worth every penny you make. 
 
When you reveal the risks of a counter offer you’ll see how clients actually begin to trust you more and listen to your advice as they follow your requests.
 
In this market you’ll realize this is a critical skill set to have when you need to get price reductions and increase agreement between sellers and buyers and reduce the risk of losing transactions so that you close more deals and keep your commissions.
 
Post a comment of your experience when you use these dialogues. I’d love to hear about your successes.
 
Bookmark and Share

Magic Words That Make Introductions Easy

October 30th, 2009 by Joe Stumpf

Here’s how to give your clients specific instructions on how they can introduce you to the people they care about most.  In your next letter or email, add these Magic Words to make it easier for your clients to know how to best introduce you to the people who may need your help.

After you read this, let me know how soon you’ll start using these Magic Words.

Magic Words

Here are three simple steps to follow the next time you’re in a conversation with a person who mentions they are considering buying or selling a home in the Tri-Cities area:

Step 1:  Take out your cell phone.
Step 2:  Look up my phone number (555-555-5555).
Step 3:  Call me immediately.

Offering your client a three-step process will make it easier for them to introduce you to the people they care about.  This may be one of your most important communications that you can have with your client base.

Bookmark and Share