Posts

What Business Are You REALLY in?

/in /by

Today is a special day for those of you involved in the Boomerang Expert Implementation Program. We will be covering Persuasion both overt and covert techniques for getting buyers and agents to do business with us.

I wanted to share a few ideas here for those of you who may not be in the program. Because at the end of the day we need to realize that we are SELLING!

THAT’S NOT A BAD WORD

In fact it’s a great word and persuasion or manipulation aren’t bad words either. In fact they are MANDATORY if you want to succeed.

You must understand the buyers mental triggers and what will get them to respond. Here are a few

1. Scarcity- people want what is hard to get

2. Reciprocity- You must edu sell people not use many of the brute strength bulldog techniques many others show you !

3. LIKING- They must like you !

4. Social Proof- they must be able to see that others LIKE THEM have had success with you !

I could go on and on here but I suggest you start reading up on Persuasion skills and what makes people want to work with you.
This IS one of the differences between successful Loan officers and those who struggle.

A great book on this Topic is Influence by Robert Cialdini- in fact I just sent a copy to everyone in the Boomerang Expert Implementation program!

[info-box type=”general”]
Brian-Sacks-Photo

Brian Sacks – Top Originator

[/info-box]

https://www.Facebook.com/agentschaseyou

Share This Secret:

HEADS OF LETTUCE AND LOAN OFFICERS

/in /by

We just started our Boomerang Implementation program and I am thrilled to be sharing with other loan officers how to profit from this special niche that will soon be the most important in our industry. BTW- I have coined the term “head of lettuce loan officer” to be anyone who is a generalist and NOT a specialist. Because you are view just like a head of lettuce commodity based solely on price and not expertise.

Just this morning I sat down with a couple in their 50’s. To put it simply they are broke. Both financially and mentally from the experience they have been thru. They are selling their beautiful home ( forced to) and buying a 2 bedroom condo. Unfortunately- we have a bit of work to do. They have scores in the 560’s not because they don’t pay but because their credit cards are maxed and they have ZERO in savings. Not a great place to be in your 50’s but many good people “melted down” during the crash.

EVERY DAY I SEE THIS – DO YOU? For the past 90 days I have been keeping a record of calls and just as I assumed the calls have confirmed that 35% of the people I have spoken to have a credit issue. Anywhere from low scores to a bankruptcy to a foreclosure or short sale. You should spend time understanding this group. Know what their challenges are both mentally and financially. Learn the resources and tools you can use to help them. They will be your best referrals, they will never ask your rate or shop you and the agents they deal with will love and respect you because of your expertise. Which brings me to a lesson for you! Ready? You should always talk less and listen more at your first meeting with a prospect or client. They will tell you exactly “how” to sell them. Are they visuals? Are they kinesthetic? Are the auditory? I once did an entire seminar just on this topic because it is THAT important. You must connect with your buyers and understand the emotions that are underlying what you are hearing. The clients I spoke about earlier were almost in tears when I met them. I think they understood their situation and were just embarrassed.

MY RESPONSE– It’s not your fault- ( let them off the hook) and you will be fine once we get your home sold and these bills paid off. You will finally be able to breathe and be happy with all that debt finally gone. You could see their facial expressions change and how their physical posture. Those are both things you SHOULD be paying attention to. It’s also one of the reasons I prefer meeting with my clients rather than just speaking on the phone.

Next time you meet with a client or prospect keep this article in mind and if you know of anyone else who would benefit from it send them over to www.agentschaseyou.com

[info-box type=”general”]
Brian-Sacks-Photo

Brian Sacks – Top Originator

[/info-box]

You may also want to check out our Linked IN Group – Loan Officer Tips at

https://www.linkedin.com/groups/Loan-Officer-Tips-8225444

 

Share This Secret:

37 New Realtors Instantly?

/in /by

HOW TO GET 37 REALTORS TO INSTANTLY SEE YOU AS THE OBVIOUS EXPERT

We all struggle so hard to get Realtors to give us business. Frustrating isn’t it. I am not going to go into the obvious solution- which of course is to get buyers pre-approved BEFORE agents get to them. This question always puzzled me. I would drop off rate sheets. I would bring food. I would beg. I would have lunch. I would spend hours doing open house spread sheets. I would worry! I could go on and on but I know you get the point and feel the pain too. Then it dawned on me. Why not go where there the Realtors are. Where there are NO BARRIERS and in fact you are welcomed as a respected guest. Do you have any idea where this magical place might be?

IT’S YOUR LOCAL BOARD OF REALTORS. You should join and become active in your local board. This is a way to meet Realtors in a friendly setting as a peer instead of a vendor or beggar. But there are more opportunities as well. Realtors like loan officers need continuing credit hours to renew their license. Why not teach a class? It could be on any topic related to mortgage financing , even a basic mortgage course for new Realtors.

Next week I will be teaching a 1.5 hour continuing credit course at my local board. The course will be on How To Increase Your Closings Working With Boomerang Buyers. There are already 37 Realtors signed up and we will likely have double that. SO IMAGINE FOR A MINUTE The board has now promoted you and ( your expertise) and your course. The Realtors in attendance now get to meet you and know you and like you instead of meeting them one at a time. The fact that you are teaching- shows them you are an expert. TRY THIS- you will leave with new relationships and probably a few new loans!

[info-box type=”general”]
Brian-Sacks-Photo

Brian Sacks – Top Originator

[/info-box]

Featured Resource
FEATURED TOOL OF THE WEEK— BOMB BOMB
Have you ever wondered how to make sure your e-mails get read.
What about some face time with your prospects and clients?
Here’s the tool I use – Check it out – they let you take a “test drive”

This has increased my open rates and responses by 81%
Have you joined our Facebook and Linked In Groups yet?
https://www.Facebook.com/AgentsChaseYouOur Loan Officer Tips Group is one of thee fastest growing in our industry

Want to know the 4 Tools You Can Use To Jump Start Your Closings?
Visit www.AgentsChaseYou.com
Share This Secret: