Ask the Expert: Buyers and A.C.E.S.

The following post originally appeared in The Florida Weekly

By Dennis J. Giannetti, MS

Chief Training Officer—Lang Realty

Home Buyers

Question: How do I help a buyer find properties more efficiently?

Answer:

A lot of agents will spend a significant amount of time showing buyers’ property, often with no tangible results or contract at the end of the process. This often happens for one of a few reasons. For example:

  • Accepting generic search criteria based on features only. For example: “I want a 3 bedroom, 2 bath, 2 car garage with a fence for $275,000.

  • Not asking questions to help the buyers clarify their emotional connection to their logical requests. For example: “You mentioned a fence in the back yard, is that for privacy or do you have pets, or...”

  • Not knowing WHY a buyer is choosing to move or the time frame they MUST make this move.

  • Not following a proven showing process

To simplify and make the buyer process more efficient, we will use the A.C.E.S process:

A.C.E.S.

A Assess what the client is looking for through the use of questions.

  • It’s not what you say that matters it is what you ask that matters to them

C Categorize the conversation from features to benefits.

  • How would you use a fourth bedroom? Would you like a community pool so you can meet neighbors, or prefer the privacy of your own pool?

E Evaluate the categories to the product

  • Understand that the benefits of property features are emotional connections to the property as whole. Don’t show a product that a buyer won’t connect with.

S Select the product (s) that meet the evaluation criteria/standards

  • Be prepared to know everything, but don’t show everything. Showing more confuses a buyer, but showing them what they will connect to gives them clarity. And buyers with clarity make decisions!

#agenttips #asktheexpert #realestate

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