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Real Estate Training & Coaching School

10 New Rules When Working With Home Buyers

Real Estate Training & Coaching School

Real Estate Training & Coaching School

News, Business News, Careers, Business

4.4705 Ratings

🗓️ 29 November 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com How do you articulate the value you bring when representing a buyer in a real estate transaction?  YOU know what you do, but how do you explain it in such a way that a buyer understands your value, the required Agency forms, and everything involved to make it to the closing table? Ultimately, every buyer prospect, every contract, and every negotiation is different, but your value should be consistent for all situations and clients. How you conduct yourself, and how you present to each buyer prospect should not vary by situation.   REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris Follow the same best practices for all prospects in all situations, and you should have nothing to worry about.  In fact, you will become known as a true professional and receive repeat and referral business as a result of doing the best job possible for your clients. Top 10 Reasons Buyers Will Work With You! Note: It's not enough to make these conversation points. You will discuss all of these items (and more), using your Buyer Presentation which you receive in Premier Coaching. This will not only keep you compliant with Agency forms and Disclosures but will ensure your buyer clients see you as the professional that you are.   1.   Know Your Client's Needs; do a real drill-down: By using a buyer pre-qualification questionnaire (script), you'll discover exactly what your buyers are looking for, what they qualify for, etc. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 2.   Educate your clients regarding mortgage options (if they're not all cash). 30-year fixed, 20% down, standard-issue mortgages are still right for some buyers, but in order to achieve better interest rates and payments, they may need a different mortgage product.  3.   Strategize for the win. Are your buyer clients also listing clients? Are they relocating? 4.   Actually FIND the home. Inventory is scarce, and will likely stay scarce for the immediate future, possibly even for most of your career.  5.   Advise your buyer clients based on market knowledge.  6.   Write an offer that will WIN the home they want. Understand what the seller is desiring, beyond just price.  7.   Once you've won, you'll need to help them through the contingencies, inspections, the appraisal process, and the final walk-through. 8.   Communication. Every time there's a survey that goes out to recently closed real estate clients, their #1 complaint is always the same. 9.   The closing itself. Final removal of financing and inspection contingencies, the pre-closing walk-through, and review of the closing documents.  10.   Post-closing follow up. From a closing present to handling any questions about appliances or equipment, you're the go-to person.  All 10 points are things that professional, experienced agents practice already. These are the same agents who have no fear of any changes resulting from the commission lawsuits. Make sure YOU join their ranks by following these best practices every time. For help in turning these points into your scripted presentation, simply sign up for Premier Coaching today for free!

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:10.2

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

0:18.2

What's really working in today's market, how to generate more leads,

0:21.8

make more money, and have more time for what you love in your life. And now your host,

0:27.8

Tim and Julie Harris. Julie, I have a question for you. So how do you articulate the value you bring

0:35.6

when representing a buyer in a real estate transaction, especially

0:39.2

considering all of the changes that are happening with regards to buyer agent compensation.

0:44.0

That is the question that we've been reading and hearing from every corner of the real estate

0:48.5

world, agents worrying about wondering how they're ever going to explain to a buyer why they're worth,

0:55.1

you know, paying up to 3% or whatever the agreed upon commission is for the sake of them

0:59.8

representing them on a buyer side transaction. And it gets especially confusing, Julie,

1:04.4

when maybe it's a buyer that has purchased before, maybe several times before. And they know

1:09.7

that always the commission was paid for

1:11.6

or essentially covered as a cost of the transaction to the seller.

1:14.8

And now it's not going to be the case.

1:16.5

So Julie, how does an agent actually make it so that their value proposition is such that

1:23.0

the buyer will easily, well, maybe I shouldn't say easily, but willingly and enthusiastically even,

1:30.3

see the value in paying that commission to the buyer's agent.

1:34.3

Yes, well that is the question du jour.

1:36.3

I'm so glad that you brought that up.

1:38.3

So today we're going to answer that question.

1:40.3

We're going to talk about not one, not two, not three, but top 10 reasons that buyers will work with

...

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