Real Estate Marketing and Sales Essentials

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Real Estate Marketing and Sales Essentials

Steps for Success

Dan Hamilton

Objection Handling Techniques

Introduction:

Objection Handling Techniques

Objection versus Rejection

– An objection is a problem that if solved can be overcome.

Rejection is when they have no use for what you are selling. Remember it is rejection of what you are selling and not

YOU.

Objection Handling Techniques

Objection versus Question

– An objection is a problem that if solved can be overcome.

– A question is simply a request for more information.

Objection Handling Techniques

Types of Objections:

Stall

– Delay

Objection

– Reason not to say “Yes”

Condition

– Unable to agree

Objection Handling Techniques

Seven steps to handling objections:

Step 1 – Hear them out

Step 2 – Feed it back

Step 3 – Question it

Step 4 – Dignify it

Step 5 – Discuss it

Step 6 – Confirm your answer

Step 7 – Lead on

Objection Handling Techniques

Reasons for objections:

– Lack of “like or trust”

– No perceived need

– No perceived solution

– No clear answers

– No money

Objection Handling Techniques

Questions can be placed in two major categories: the open-ended question and the closed-ended question.

– The open-ended question solicits a discussion on the part of the receiver. The receiver can talk forever because of your question.

– The closed-ended question is meant to solicit a

“yes” or “no” answer. It is used to direct the client, preventing the client from expanding on an answer.

Objection Handling Techniques

Features and Benefits:

– The features are the aspects of the service.

– The benefits fulfill a need or satisfy a preference.

Objection Handling Techniques

The Tie-Down Close:

It is a question at the end of a sentence that demands a “YES” response.

Objection Handling Techniques

Alternate of Choice Close:

It is a question that only has two answers and the person must choose between the two.

Objection Handling Techniques

Assumptive Close:

It assumes you have made the sale. They must stop you or you are moving on.

Objection Handling Techniques

Similar Situation Close:

Relating a story about some event that is the same as the event that is occurring at the present time.

Objection Handling Techniques

Reduce to the Ridiculous Close:

It is when you take a large number and reduce it down to a smaller number (with a more frequent term) that sounds much more acceptable.

Objection Handling Techniques

Puppy Dog Close:

Let them keep something for a short time and it becomes theirs.

Objection Handling Techniques

Good Guy – Bad Guy Close:

One person is the heavy and the other is the savior. The client will bond with the savior.

Objection Handling Techniques

Take Away Close:

The fear of loss is the greatest of motivators, so taking something away motivates them to want it.

Objection Handling Techniques

Appeal to the Higher Authority:

Not your fault it is someone else’s fault.

Objection Handling Techniques

If -Then Close:

IF one person does one thing THEN the other will do something.

Objection Handling Techniques

Summary:

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