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2015 Prospecting- Must Learn Scripts for Open House

September 11, 2015 by Joe McAuliffe

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2015 PROSPECTING

Must Learn Scripts for Open House

A nice couple visits your open house. You welcome them and ask them to sign the guest book for the seller. You engage in small talk, they leave, and you’ve got a name and perhaps even contact information, (sometimes the information isn’t even real), and that’s it. Now answer the following questions.

  • Do many of these people buy?
  • Who is in control? They are.
  • How’s that working for you? – Congratulations, you’ve just missed 100% of the shots because you didn’t even take any!

In many cases, this couple is definitely going to buy something locally and within the next 6 months. Or, it’s a neighbor thinking about selling their own home. How often do they decide to do business with someone else and why? The answer is probably obvious to most of you. In the above scenario, there are two critical deficiencies:

  1. Very little information about the prospect was obtained.
  2. No relationship of “like and trust” was established.

So, let’s change the strategy. You have to take time to get to know them. You have to get them to talk about themselves and their intentions. How is this done? Simple, just use the following formula:

  1. Once you’ve greeted Open House Visitors and they’ve signed the guest book, ask the following:

“If you don’t mind, there are a couple of unique features about the home. Would it be okay if I share them with you?”

  1. Of course, you have already identified the most intriguing features of the home in advance of the event. By getting their approval to “show them” the features, you have just done two things:
    1. First, you’ve established control of the situation.
    2. Second, you now have the opportunity to spend time with them as you take them through the home, so you can build rapport and gather information.
  2. So what are the most important topics for you to discuss? The answer may surprise you. Use F-O-R-P, by asking about their:
    1. F- Family
    2. O- Occupation
    3. R- Recreation
    4. P- Plans for the future

    You will be pleasantly surprised at how much better the interaction will be when you’re not jumping directly into business. It’s wise to heed the well-known cliché’ “People don’t care what you know, until they know that you care.”

Filed Under: Blog, Cup O' Joe, Prospecting

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Joe McAuliffe is a business consultant and strategist who has spent his career working alongside the country’s top real estate and luxury real estate organizations, including Sotheby’s International Realty, Christie’s International Real Estate, and Coldwell Banker, as well as wealth management advisors and attorneys.His work developing strategic initiatives also spans Fortune 500 companies, including AOL-Time Warner, Fortune Magazine, MIT, Oracle Corporation, Martindale-Hubbel, Lawyers.com, and USA Today.

Joe is also a frequent guest speaker at leading real estate and wealth management industry events.

When Joe built his approach for real estate, he adapted strategies proven with corporations and high-net-worth clientele into a focused, rifle-shot methodology designed for agents, teams, and firms. His private consultations zero in on the exact activities that move the needle, helping clients achieve both personal and professional goals with far less wasted motion than a generic coaching program. Joe is also a frequent guest speaker at leading real estate and wealth management industry events.

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