Closing a big sale can be an incredibly rewarding experience. You’ve put in all the hard work, and your client finally agrees to buy your product or service. But what happens now? The sale is officially closed, but that doesn’t mean the work is over. In fact, it might just be the beginning of the end for your client. Here are some best high ticket closing techniques to help you protect your interests and minimize any possible damage.
How to Calculate Your Closing Costs
There are a few things you’ll need to calculate in order to know how much cash you’ll need to bring down your mortgage. The most important factors will be the loan amount, downpayment, and interest rate.
Your closing costs will also vary depending on whether you use a title company or not. Here are the main costs:
-Lawyer’s fees: If you go with a title company, they’ll typically require a lawyer to review and sign the documents. This can range from $1,000 to $5,000.
-Notary fees: Notaries are used when transferring property titles. They charge anywhere from $50 to $200 per person.
-Escrow fees: An escrow is a financial institution that holds onto the money while the closing goes through. Typical fees range from 2% to 6%.
-Home inspection fee: Typically around $200-$1,000, this fee is paid for by the buyer and covers activities such as checking plumbing and electrical systems.
-Title insurance: This protects the lender against any claims made on the property after it’s been sold. It can cost around $100 per thousand dollars of loan value.
-Closing costs total between 7% and 10% of your home’s purchase price, so factor that into your budgeting process!
Tips for High Ticket closings
There are a few things you can do to make the process of closing high ticket items go as smoothly as possible.
1) Communicate with your customers as early and often as possible. Let them know what’s going on, offer them options for compensation, and be as transparent as possible about the closure. This will help build trust and ensure that everyone is comfortable with the decision.
2) Be prepared to answer any questions your customers may have. Make sure you have all the information they need to understand what’s happening, and be able to answer any questions they may have. This will help avoid any surprises or confusion down the road.
3) Issue refunds promptly. If there are any issues with a refund, be sure to communicate that clearly right away so that your customers know how to get their money back. This will show them that you’re taking care of things, and hopefully prevent any resentment from building up over time.
4) Take care of the administrative details related to closing high ticket items properly. This includes setting up automated communications channels (such as email notifications), tracking payments, and finalizing paperwork. Doing these tasks correctly will save you time and hassle down the road, and will leave your customers feeling satisfied (and maybe even grateful!)
How to market your property
To market your property successfully, you will need to consider a few key factors. First and foremost, make sure you have an accurate and up-to-date listing. Second, be proactive in reaching out to potential buyers. Third, create a compelling marketing campaign that highlights the unique features of your home. fourth,create a solid timeline and plan for follow-up visits by potential buyers. Finally, be prepared to invest time and money into advertising your property.
1) Make sure your home is accurately listed: The first step in any successful real estate transaction is having an accurate listing. If you haven’t had your home inspected or updated within the last 6 months, it’s important to get it done as soon as possible. This will help ensure that you are providing the most accurate information about your home and potential buyer’s expectations.
2) Reach out to potential buyers: The best way to sell a property is through marketing efforts that engage prospective buyers. Be proactive in reaching out to local newspapers, online listings services, and other print and online sources that could potentially list your home for sale. Consider creating a targeted online ad or web page that highlights specific aspects of your home such as floor plans or photos of inside/outside features. Additionally, consider holding open houses or setting up tours during peak selling times such as holidays or weekends – these can all be great ways to attract attention from potential buyers who are actively searching for properties in your area.
3) Create a compelling
Tips for preparing your home for sale
Make a List
If you have put your home on the market for sale, the next step is to compile a list of what needs to be done before you can officially say goodbye. This could include organising trash and recycling pick-up, getting your yard in order, cleaning out any unused spaces in the house and clearing any old furniture from rooms.
staging tips:
1. Start by staging your home to make it look its best from the outside. Paint or wallpaper the walls a fresh color, clear all clutter from front and back yards, and remove any ugly plants.
2. Once your home looks great from the street, work on making it look even better inside. Arrange furniture tastefully, keep collections of knickknacks out of sight, and add just the right amount of light fixtures or accent pieces.
3. Finally, make sure all documents pertaining to your property are up-to-date (water bill, tax bills). When buyers walk through a property they are assessing many factors at once – it only makes sense that they start with what they can see. You can also checkout:- GB WhatsApp APK
Organise Your Closet & Bedroom Sets
If there’s anything sentimental you want to take with you when you sell your home – like clothing or bedding sets – be sure to organise them beforehand so they are easy to find and pack up quickly. Make a list of what each item is worth and hang it on the closet door or place
Handling objections and contingencies
When it comes to high-ticket items, many businesses hesitate to finish the sale because of the potential for objections and contingencies. Handling these issues can help you close more sales and free up your time.
Objections: The first step in handling objections is recognizing that they will occur. Many people feel uncomfortable with making a large purchase, even if they can afford it. If you’ve done your research and know the item is worth the price, be prepared for objections.
There are a few things you can do to ease people’s concerns. First, make sure you have all of the necessary documentation ready to go. This includes photos, reviews, and other information that would support your claim that the item is worth the price. Also, be prepared to answer common objections head-on. For example, if someone says they don’t need an item because they have everything they need right now, tell them that this isn’t a fair comparison since their current collection may not reflect what they would need in six months or a year.
Contingencies: It’s important to be aware of any potential contingencies that could come up after you make the sale. This includes things like shipping delays or customs charges that weren’t mentioned when you made the purchase. Be prepared to handle any follow-up questions or problems quickly and easily so your customer doesn’t get frustrated or angry.