Nov 29, 2024
Cash offer leads are some of the highest-converting leads SOLD.com generates, with 22% converting within the first 12 months. These leads are lower-funnel and closer to making a selling decision, but agents often hesitate to work them due to misconceptions about cash offer companies. This guide provides effective phone scripts, strategies for handling objections, and tips for maximizing success with cash offer leads.
Introduction Approaches
1. Value-Focused Introduction
- Script:
- “Hi [First Name], this is [Your Name] with [Your Agency]. I saw you were interested in exploring cash offers for your property at [Address]. I’d love to walk you through your options and help you make the best decision for your situation. Is now a good time?”
- Why It Works: Establishes your value upfront and frames you as a helpful resource.
2. Solution-Oriented Approach
- Script:
- “Hi [First Name], this is [Your Name]. I noticed you requested information about a cash offer for your home. Are you looking to sell quickly, or are you just exploring your options?”
- Why It Works: Shows you’re focused on solving their problem, whether it’s speed or exploring options.
3. Direct Cash Offer Mention
- Script:
- “Hi [First Name], this is [Your Name] with [Your Agency]. I understand you’re interested in a cash offer for your home at [Address]. I can help connect you with buyers who can make that happen. Would you like to discuss how the process works?”
- Why It Works: Provides clarity and directly addresses their request.
4. Comparative Option Introduction
- Script:
- “Hi [First Name], this is [Your Name] with [Your Agency]. You recently requested a cash offer for your home. Many of my clients also like to compare the cash offer to what they could get on the market. Would you like to go over both options?”
- Why It Works: Positions you as a one-stop advisor while addressing their immediate interest.
Common Objections and How to Handle Them
1. "I Just Wanted to See What My Home Is Worth."
- Response:
- “That’s totally fine! Many of my clients start out curious about cash offers and later decide to explore both cash and traditional sale options. I’d be happy to provide a free valuation along with the cash offer details. What’s the best way to send that to you?”
- Why It Works: Transitions from curiosity to action without pressure.
2. "I’m Not Ready to Sell Right Now."
- Response:
- “No problem at all. Many homeowners I speak with are just exploring their options. Would it be helpful if I sent you updates on your home’s value and the current market so you’re prepared when the time comes?”
- Why It Works: Keeps you top of mind without being pushy.
3. "I Don’t Trust Cash Offer Companies."
- Response:
- “I understand. There are a lot of misconceptions about cash offer companies, but many of them now partner with agents like me to provide full transparency and pay competitive commissions. They also often give the listing back to agents if they resell the home. I’d be happy to explain more if you’re interested.”
- Why It Works: Educates the client and reassures them about the process.
4. "I Want the Most Money, Not a Lowball Offer."
- Response:
- “That’s a great perspective. In fact, many of my clients start with a cash offer but then decide to list traditionally when they see the potential difference in net proceeds. I can help you compare both options so you can make the best decision. Would that work for you?”
- Why It Works: Positions you as an advisor rather than just a salesperson.
Overcoming Agent Hesitation
Why Agents Are Afraid of Cash Offer Leads
- Fear of Losing Business: Agents worry cash offer companies will compete with them, but many cash offer companies pay full buyer-agent commissions and often give the listing back when they resell.
- Misconceptions: Some agents view cash offers as low-value, but these leads convert quickly and provide an opportunity to educate clients.
What If You Don’t Have a Cash Offer Partner?
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Check the SOLD.com Marketplace:
- Log into your Agent Portal, click on the "Marketplace" tab, and search under the "Cash Offers" category to see available partners in your area.
-
Contact Our Team:
- Email: [email protected]
- Phone: [Insert Phone Number]
- Submit a request: Submit Here
-
Schedule a Call:
- Set up a one-on-one consultation with our team to explore options:
Schedule Here
- Set up a one-on-one consultation with our team to explore options:
Best Practices for Cash Offer Leads
- Be the One-Stop Shop Advisor:
- Present yourself as a resource who can educate the client on both cash offers and traditional sales options.
- Avoid Negative Talk:
- Do not badmouth cash offers. Instead, explain their benefits and help the client compare options.
- Ask Probing Questions:
- “What’s most important to you—getting the most money or selling quickly?”
- “Have you considered both cash offers and traditional sales? I can help you weigh the pros and cons.”
- Follow Up Consistently:
- Many clients need time to decide. Build trust through regular updates and communication.
For more personalized guidance on working cash offer leads, schedule a time with our Agent Success team:
Schedule Here
Questions? Email us at [email protected]