Summary of "STOP Wasting Time! Get Sellers to COMMIT NOW!"
Strategy to Accelerate Seller Commitment in Wholesaling
Introduce an upfront agreement step before presenting an offer to sellers. Explicitly ask sellers if they are ready to make a yes or no decision on selling the property today. This upfront commitment conditions sellers psychologically to avoid procrastination and indecision.
Key Behavioral Insight
Motivated sellers tend to procrastinate, often delaying decisions due to their inherent tendencies (e.g., deferred maintenance on properties). By securing a verbal or implied commitment upfront, wholesalers can reduce the “think about it” delay and push sellers toward immediate decisions.
Tactical Playbook
- Use direct questioning to set expectations: “Are you ready to make a decision today?”
- If sellers hesitate after agreeing, remind them of their initial commitment to reinforce accountability.
- This approach helps wholesalers avoid being “friend-zoned” or stalled in negotiations.
Actionable Recommendation
- Incorporate this upfront commitment question into the sales process as a standard step.
- Follow up promptly on any hesitation by referencing the seller’s prior readiness to decide, thereby increasing closing rates.
Presenter/Source: Unnamed wholesaling expert providing unconventional sales tactics for real estate wholesaling.
Category
Business
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