
From Michael Soon Lee’s “111 Ways to Justify Your Commission”:
How often have you visited your doctor’s office, left to walk to your car, and found that you hadn’t asked him half the questions you had in mind that morning? It is not uncommon for people to show up for a meeting with a professional and feel overwhelmed. They haven’t made up a list of questions to ask, so they get carried along by the conversation and forget what they wanted to know. You can help new prospects by anticipating the questions they might ask and then having the answers ready. You are basically compensating for the fact that they either forget the questions, or they didn’t know them in the first place.
Questions give the prospect a chance to examine the entire process of home buying or selling. In order for it to work, you have to be on the lookout for what clients might be implying, but not saying outright. You can often tell with one question that there’s another one they should be asking, but didn’t; ask it for them. Also think about what they might not know enough to ask about. People who are really just beginning genuinely aren’t aware of how much they don’t know. And finally, what are they afraid to ask? You can see how helpful you will be to your clients if you take this approach.
Use your experience to come up with the most common issues buyers and sellers have before they begin the transaction. When your questions reflect what’s in their minds, you look like a genius! Or at least a mind reader. Actually, it’s not really all that hard. All you have to do is put yourself in the place of a buyer or seller and ask yourself, “What would I want to know about this transaction?” Then prepare answers to the questions by asking more experienced agents how they would deal with them.
For example, if you were a buyer, especially a first-time one, you’d probably want to know the following:
- What’s the process of buying a home?
- How does home financing work?
- What’s in a purchase agreement?
- Can I back out once I sign the purchase agreement?
- How do I know the house is free from construction defects?
- How do I know the house is free from pests?
- What steps must I take to fulfill the terms of the contract?
- When is the down payment due?
- How long will it take me to buy a house?
- When can I move in?
- How do I transfer utilities into my name?
- How do I deduct the mortgage interest and property tax from my income taxes?
If you were a first-time seller you would likely want to know the following:
- What’s the process of selling my house?
- What can I personally do to help it sell for the most money?
- What do I say to prospective buyers?
- How can I defer tax on the gain from the sale of my house?
- How long will the whole process take?
- Do I really need to put a “For Sale” sign on my property?
- Do I really need to put a lockbox on my property?
- What costs will I incur in the sale of my house?
- What are the tax consequences?
- What can I do if my house is worth less than what I owe on it?
An owner whose listing has expired and is considering relisting might ask the following questions:
- Where were you when my house was on the market?
- Why didn’t my house sell?
- What will you do differently from my previous agent?
- What price should I put on my house?
- What can you do to assure me that my house will sell this time?
- Haven’t all the buyers seen my house already?
An FSBO who is considering listing with you will probably ask these questions:
- What can you do that I haven’t already done myself?
- Why hasn’t my house sold yet?
- Will you bring a buyer for two percent?
- Will you sign an open listing?
- Would you complete the paperwork if I find a buyer on my own? And what would you charge me?
- Why should I list with you?

By Joe D’Ambra:
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By Tyler Greenfield








