You\u2019ve shown your buyer 50 properties.<\/p>\n\n\n\n
Finally, you find the perfect one! But now your client is too indecisive to commit. <\/p>\n\n\n\n
Most likely, you\u2019re dealing with a Highly Analytical personality type, who likes neatly organized data that they can input into a spreadsheet and have it spit out a reliable and decisive answer.<\/p>\n\n\n\n
But skilled REALTORS\u00ae know there are far too many variables which can cause these types to descend into Analysis Paralysis.<\/p>\n\n\n\n
This scenario can be super-frustrating, especially when you know in your heart that you\u2019ll never find a better property for them, so what\u2019s the point of continuing? Should you cut your losses and fire the client?<\/p>\n\n\n\n
Only in the most extreme case (when the client is full-on bat-shit crazy.) <\/p>\n\n\n\n
Otherwise, you can learn to be far more effective at working with the most highly analytical (indecisive) buyers. <\/p>\n\n\n\n
Here\u2019s how:<\/p>\n\n\n\n
1. Learn to recognize the Analytical personality style early on. A surprisingly high percentage of people fit into this category, so dedicate some time to improving your knowledge and skills around this topic.<\/p>\n\n\n\n
(I can\u2019t teach this in a simple blog post, so schedule some Learnin\u2019 Time!)<\/p>\n\n\n\n
2. Accept the fact that it takes longer for Analytics to make a decision. I always tell my buyers, \u201cHey, we\u2019re doing our homework. We need to see several properties. Then, when we find the right one, you\u2019ll be ready.\u201d This puts them at ease. You can\u2019t rush an Analytic, but you can meet their needs and give them guidance at the same time.<\/p>\n\n\n\n
3. Discuss with them regularly about focusing on the critical \u201cmacro\u201d elements, such as location, floorplan, and overall condition\/finishings. And, reiterate that \u201cmicro\u201d items, such as paint, worn carpeting, or old appliances, can be easily changed and are much less critical to the big picture.<\/p>\n\n\n\n
(TedBit: Early in my career, I walked into a house with a new buyer client, and he immediately whipped out a measuring tape and started taking measurements. I asked him what he was doing, and he said, \u201cOh, I just want to see if our china cabinet will fit here.\u201d I convinced him that we should check out the floor plan first, and if he liked it, we could do some measurements afterward. From then on, I convinced him (and all my clients) to focus on the macro stuff first.)<\/p>\n\n\n\n
4. Understand that applying pressure is the worst thing you can do with an Analytic. It will make them push back or, worse, go silent and secretly label you as a Salesy Slickster. Instead, ask a few probing questions:<\/p>\n\n\n\n
Are there any crucial features you want that are missing? <\/p>\n\n\n\n
Help me to understand, please; what exactly are you still determining? <\/p>\n\n\n\n
Based on what we\u2019ve seen, do you still believe you can get everything you want within your stated price range? Or should we pause and recalculate realistic expectations?<\/p>\n\n\n\n
Are you worried that something better might pop up tomorrow if you write an offer on this one today? (Answer = \u201cYes!\u201d) But isn\u2019t that true on any property, whether it\u2019s today, tomorrow, or a month from now?<\/p>\n\n\n\n
I\u2019m not suggesting that you rapid-fire all those questions at every buyer in every situation. These are just a few examples of how to probe to determine what is holding them back. You\u2019re guiding them to figure things out \u201con their own,\u201d which is an essential part of their process.<\/p>\n\n\n\n
Just because you have an Analytical client doesn\u2019t mean you can\u2019t help them with well-structured questions. In fact, unlike the Driver Style (topic for another day), most Analytics will respect your expertise and appreciate you being direct with them.<\/p>\n\n\n\n
5. If they\u2019re still wavering, try The Trial Offer<\/strong><\/p>\n\n\n\n Propose writing a hypothetical and simplified offer while assuring them it\u2019s just an exercise. You must do this with zero pressure! <\/p>\n\n\n\n 1. What would the price be? You can discuss how their offer might be perceived. But whatever the number is, write it down. Remember, it\u2019s just a practice exercise!<\/p>\n\n\n\n 2. What additional items, such as appliances, would be included or excluded?<\/p>\n\n\n\n 3. How much would the deposit be?<\/p>\n\n\n\n 4. What would be the terms and conditions?<\/p>\n\n\n\n 5. What would be the closing date?<\/p>\n\n\n\n Write all this out on a blank piece of paper, give it to them, and let them know that if they change their minds, you can write it up tonight, tomorrow, or whenever. <\/p>\n\n\n\n The exercise of completing a Trial Offer by writing it out in simple form has the effect of making it less scary. I\u2019ve done this numerous times where the buyers looked at the piece of paper and said, \u201cWell, let\u2019s just go ahead and give it a try!\u201d<\/p>\n\n\n\n Or they\u2019ll call me on their way home and say the same thing, \u201cWe thought about it, and let\u2019s go ahead and give it a try!\u201d They just needed a few more minutes to mull it over.<\/p>\n\n\n\n Using zero pressure and simplifying the process can be the most effective way to convince an indecisive person. <\/p>\n\n\n\n