WARNING: This video has one word of profanity 5 times. If you are sensitive to this, please skip this video. It’s part of this technique, and is required for this LAST RESORT success. It’s also a very compassionate close when all else has failed and your buyers are STILL not catching on that they have to change their expectations.
When you have nothing to lose….
Use this close when you have tried everything else under the sun. There are upsides and downsides with this close: upside? You close the deal and get the commission. Downside? You walk away with nothing. However, if you’ve gotten to this point in the process, chances are you are ready to give it one last shot.
Brokers, when your agents use this close, you should be prepared for the occasional angry phone call. However, keep in mind – you want your agents to be smart, ethically aggressive, and making the deals. Consider this a head’s up.
Remember – if they aren’t going to buy or sell with you, and the deal is going south anyway, you don’t owe them anything. So, learn how just go for it. You might find yourself surprised with how quickly it can turn the deal around.
This series includes all of these closes:
- Alternative of Choice – The first close everyone should learn. Also known as “the appointment setting close.”
- Tie Down – Set your client up for a “yes” answer.
- Porcupine – Turn a negative around using this technique, get to the bottom of any objection your client may have, and get past it to the close.
- Questions are the Answer – aka “in your opinion…” – A twist on uncovering the reason behind an objection. If you’re asking the questions, you’re in control.
- Trial Balloon – Go from closings being a weakness in your business game to a strength with this tried-and-true method.
- Sharp Angle aka Trade-off – The Sharp Angle close isn’t always the best for real estate, but keep it in your back pocket – you never know.
- Direct Order – Tell the buyer or seller what you want them to do. Psst – here’s where confidence is your biggest asset.
- Hat in Hand – aka “Level with me” – Shelve your ego for a bit and humble yourself. It can go a long way toward that close.
- Jump Shift/Change Topic – This one requires some finesse, but with practice it can be highly effective.
- Assumptive – Just keep right on going on the assumption that they are going to do whatever it is you are trying to accomplish.
- Defer and forget – aka “Let me make a note of that.” – Basically, “Let’s not talk about that just now.”
- Just ask already! – Get over your shyness. Ask for the order, ask for their business, ask for their trust!
- Ben Franklin – This one CAN work, but it’s best on analytic thinkers. Help them weigh out the pros and cons
- Last Resort – Only after you have nothing to lose….”What the ___ do you want from me?”
- The most important close of all: “No, but I can get it.”
Do you have additional questions on this topic or want us to start a new discussion for FREE Broker School? Join the #freebrokerschool conversation – Leave your comments right here on our blog and continue the conversation. We want you to have any real estate tools you need at your disposal.
FREE BROKER SCHOOL – “Everything you need to know, but no one else will ever teach you!”
Free Broker School and RIO Genesis are part of RIO Genesis Software Solutions, the industry’s premier Real Estate Brokerage Software.
FreeBrokerSchool.com is a resource to give brokers the advantage in running their offices. Hey – they know how to sell properties well, but they don’t always know all of the ins and outs of running a successful real estate brokerage. These videos are designed to give you the inside scoop from industry leader and success tornado, Mike Krein. You can’t take notes fast enough when he starts giving tips. These videos allow you to watch one nugget topic at a time, digest it and implement it to add to your success.
Subscribe to ALL episodes that will include the PDF presentations, as well. It’s free. It’s https://dev.freebrokerschool.com
Learn more about RIOGenesis Software.