I want to share one of the best strategies I’ve heard from a top agent in years. This story comes from my friend Dan, who had a client searching for a specific type of property.
Dan started making calls and came across a duplex owner. While driving by the property, he saw the owner outside mowing the grass. He introduced himself:
"Hi, I’m Dan. I have a buyer interested in multifamily properties, and I was wondering if you’d consider selling these units."
Her response? "No, I think I’m going to hold onto them."
But here’s where Dan worked his magic.
Dan didn’t stop at the first “no.” Instead, he asked a follow-up question:
"Can I ask why you’re holding onto them?"
Her answer? "I think I’m getting a good rate of return."
Dan responded: "That’s great! And if you are, you should definitely keep them. But if I could find you something with a better rate of return, would you consider selling these?"
That opened the door to a conversation. The result? He listed the property, sold it, and helped her buy another one.
The lesson here is simple but powerful. When talking to homeowners or potential sellers, always ask follow-up questions like:
"Why are you holding onto the property?"
"How long do you intend to hold onto it?"
These questions invite deeper conversations. Often, you’ll uncover motivations that aren’t as strong as they first appear.
So don’t let the conversation end at the first “no.” Dig deeper, ask the right questions, and you’ll uncover opportunities you didn’t expect.
Try it out!
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Why do Brokerage Owners, Office Leaders, Team Leaders, and Solo Agents choose Jim to be their coach?
+ 32 Years of Real Estate Sales, Management, and Coaching Experience
+ Top 1% REALTOR Himself (he has been in the trenches)
+ Opened his First Real Estate Company at 23
+ Grew his Real Estate Company to 17 Offices (largest in Oregon)
+ His Current Team Closed $1.4 Billion in Sales in One Year
+ He is a Current Real Trends Top 500 Broker
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