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Posted almost 11 years ago

You've Done Your Marketing, the Phone is Ringing.....Now What?

I get this question all the time. I'm a big fan of using a script. That way I always know what to say, and can stay in control of the conversation.  Here is a sample script that I've used many times to good effect. Obviously you'll want to tailor it to your own needs, but every element here is here for a reason.


Hopefully, in a future post, I'll be able to go deeper into the psychology, the science of it for those of you that need to be convinced that a script actually works.


Inbound Seller Script: Set for Acquisitions Manager/You

This is an example of a script

You need to have a property information sheet to fill out as you take the information

 

 

Hello, webuyhouses, inc. Sally speaking, may I help you? (wfa-wait for answer)

 

Yeah, hi I got this card, how’s this work?

 

Oh, great, I can tell you all about that.  Again, my name is Sally Smith, what’s your name?

 

Bob Jones

 

Thanks.

 

In case we get disconnected, Bob, what telephone number are you calling from?

 

Thanks, is that your home phone, your work phone or your cell phone?

 

Great. 

 

I wonder if you could help me out and do me a favor.  We do a lot of marketing and advertising, and we need to track what’s working and what’s not, could you help me out and tell me, how did you find us?

 

(wfa, clarify as precisely as you can the exact marketing campaign)

 

(Follow up if necessary: Did you receive a letter or did you see one of our newspaper ads?)

 

Our company buys 3-4 houses each month in the greater Metropolis (Your city/county/area) area.

 

Tell me Bob, do you have a house for sale? (wfa)

 

So I can better serve you, Bob, what’s the property address?

 

And what city is that in?  Thanks

 

Tell me this, Bob; if you had a professional appraiser come out and appraise your house, what do you think it would come in at?

 

Thanks.  What do you base that value on? …Comps, an appraisal, a guess, realtor?

 

If it was an appraisal, ask,

 

Was that a “refi” appraisal? 

 

If no skip to mortgage

 

Bob, the reason I ask is that current research shows that refi appraisals tend to be a bit inflated for loan purposes.  How much do think it’s really worth, you know, if a new buyer were to come in and pay cash?

 

Got it

 

Do you have a mortgage on it, or is it free and clear?

 

And what’s that amount Bob?

Thanks

 

Is there a second mortgage as well?

OK.

 

Other than that, are there any other mortgages or any liens on the property that you know of?

 

thanks

 

Bob, if we paid all the closing costs, took your house as is and closed quickly, what’s the least amount you’d consider?

 

Bob, can you hold on a quick moment while I grab the schedule?  Thanks

 

Calculate the equity.

(If they qualify, continue; else go to No Qualify Script)

 

Hi Bob I’m back, are you there?  Good.  Just a few more quick questions…

 

Do you know what year the house was built?

 

And the approximate square footage?

Thanks

 

And how many bedrooms and baths?

Thanks

 

(if they haven’t told you already)

 

By the way, Bob, why are you selling…what’s your situation?

 

If they have told you, then re-check:

 

So Bob, just to clarify, the main reason you want to sell this house quickly is ______________ (feed it back and check for understanding)

 

Is the house listed with a realtor?

(If yes do the listed script, else continue)

 

Now I’m going to ask you about the condition of your house.  On a scale of 1-10, with 10 being high, how would a first time visitor to your home rate the outside appearance as they drive up to your house, for the very first time?

 

OK and what needs to be fixed to make it a 10?

 

If we hired a professional contractor, how much do you think that would cost?

 

Same for the inside.  On a scale of 1-10 Bob, with 10 being high, how would a first time visitor rate the inside of your home?

 

(If they balk, ask about carpet and paint.  If they have kids, they need at least that much, if not more.)

 

OK and what needs to be fixed to make it a 10 on the inside?

 

Thanks

 

Bob, if we hired a professional contractor to spruce up the inside, how much do you think that would cost?

 

Ok, great.

 

Last question and thanks for your patience.

 

Are you the sole homeowner, or do you have a partner? 

 

If sole owner skip

 

Other than you and _______   ________, is there anyone else on title?

 

I’ll see about getting you on our schedule so we can come out and look at your house and leave you with three written offers.  Bob, what’s the earliest hour both you and Mary are home during the day?

 

Let’s see, we’re pretty much booked up for the next week or so.  How’s (future day) the (future date) look to you?

 

That is a ways off isn’t it?  Hmm, let me see…

Wait a minute, my acquisitions manager is going to/I’ll be in your neighborhood looking at some houses (sooner day/sooner time).

I might be able to squeeze you in then.  Would day between ____ and ______ work for both you and Mary?

 

If yes, skip to recap appointment information, else

 

OK, How about _____ day at around ______?

 

If yes, skip to recap appointment information, else

 

OK, How about ___ day at around _______?

 

If yes, skip to recap appointment information, else

 

Alternative choice

Gee whiz, Bob, your busy as a can be, aren’t you?

 

OK Let’s look at _____ week.  Is early in the week or later in the week good?

 

OK, daytime or nigtime?

 

OK, which day/night, _____ or _____?

 

Ok we got one.  Thanks

 

Skip to recap

 

Recap appt information

OK great.  Let me recap.  Bob, can you grab a pen and write this down someplace where you’ll remember it?

 

Ready?

 

We’re set for ____ day.  Set to arrive between ____ and _______. 

 

The name of the person coming out is _____ ______/

 

or I’ll be coming out and my name is ____ ______

 

 

 

If just one owner, else skip

And if you are unable to keep the appointment, please do us the courtesy of calling our office at ____ -____-_______.  OK?

 

Thanks and we’ll see you between ____ and ____ on day.  Bye bye.

 

 

 

If two owners:

Great, be sure and let (spouse/partner) know so we don’t catch them by surprise!  OK?  Great.

 

And if either of you are unable to keep the appointment, please do us the courtesy of calling our office at ____ -____-_______.  OK?

 

Thanks and we’ll see you and spouse/partner between ____ and ____ on day.  Bye bye.

 

Listed house script

How long has it been listed?  And for what price?

 

Did you start there or was it higher originally?

 

Really?

 

Well Bob your house sounds like something we’d be interested in buying and if we did, we could close quickly, in a matter of days.  Unfortunately, we don’t buy listed properties.  When is your listing set to expire?

 

(If within 2 weeks, resume with the script and set the appointment)

 

Well, I’ll be glad to put you into our system and give you a call back after that date if you’d like.  Or if something changes and you decide to withdraw the listing, give us a call ok?

 

Thanks for talking with me and I’d like to send you a little something about our company in case you ever decide to sell it quickly in the future.  Let me verify your address (repeat the address).

 

I’ll put it in the mail today.  Thanks for calling, I wish you good luck selling your house.  Bye.

 

 

No Qualify Script

 

Hi Bob, are you there?

 

Well, based on the information you’ve given me, it doesn’t look like we’ll be able to buy your house.  We do, however, want to thank for your call.

 

(Say good bye and wish them well if they have no questions)

 

 

(if they press regarding price)

 

Any offer we would make would be for less than what you owe on the house. You’d have to bring money to closing for us to be able to buy your house.  Would that be a possible option for you, to pay us to buy your house?

 

If no, say goodbye

If yes, ask

 

What’s the most you’d be able to come up with for us to take your house off your hands for you? 

 

Tell you what I’ll do.  I’ll take this information to my acquisitions manager and see if he is interested at this amount and I’ll call you back either way, ok?

 

I’ll get back to you by time/day/date.

 

Thanks again for calling, talk to you soon.  Bye.

 

 

 

 

Out bound Seller Script

It’s virtually the same script with a few subtle changes.

 

Hi this is Sally Smith from webuyhouses, inc.  I’m returning the call of Bob Jones.  May I please speak to Bob?

 

(If other than the prospect answers, when they come on the phone, introduce yourself, else skip)

 

Hi, Bob this is Sally Smith from webuyhouses, inc. 

 

Recently you:

  • Left us a message
  • Sent us an email
  • Filled out a form on our website asking for information
  • Other

 

Does that ring a bell?

(If not, describe further)

 

Then begin script inbound script:


Comments (18)

  1. Posted 5 years but still very much applicable to this day. Great Resource! Thanks Jerry for preparing and sharing this script!!


  2. Thank you!  This is great!


  3. Well done!


  4. @Jerry Puckett what are the 3 offers, that you leave?


  5. This will be incredibly helpful, thank you for posting! 


  6. This is great, thanks!


  7. This is great information! Thanks for providing this blog @Jerry Puckett!!!


  8. This may be a dumb question but what do you mean by "leave you with three written offers?"


  9. Definitely a great script. Thanks for posting.


  10. Excellent script. Nice leading and control of the caller. I'll definitely be using this. New investor, just starting marketing for rehab properties in or near Madison, WI. Got any wholesale deals in this area?


  11. Awesome! Thanks so much =)


  12. Great inside info. Thanks


  13. Looks good


  14. Oh, wow this is a great script for fielding wholesaling calls and controlling the conversation.


  15. Thanks for this, it was extremely helpful. I'm just starting to learn about real estate investing, and I think that wholesaling would probably fit into a good strategy for me. And wholesaling requires marketing...


  16. Excellent! I came straight here from the podcast, thanks for sharing.


  17. Jerry, This is so wonderful. I used to be known as the cold calling queen and I used a script that I made sound unscripted. I LIKE working with a script but it's so "unpopular" these days. Thank you for your generosity Jerry. It is an honor to have you as my investor friend.


  18. Great article Jerry! I'm a firm believer in Scripts. I see this information requested in the forums but investors seem to be told that they don't need scripts. They have always worked for me! Thanks for writing! ( I looked for your byline then saw your info to the right. I still like to see bylines :)