Word of Warning:

I rang a SRB vendor today, John Smith.

1) A lady answered hello.

2) I said "Hi, could I speak to John Please"

3) She asked authoritatively "Sorry he is out at the moment, who is it calling?"

4) I said politely, "It's Phil Martin from xxx regarding Sell and Rent Back options" "I'm returning his call from our leaflet"

5) Smiling I ask "So are you Mrs Smith?"

6) "No" she said, "I am the babysitter", "They will be home after 7 tonight"

7) Oh thank you, "I will call back later"


Guess what happened when I called back.

He had the right hump about the babysitter knowing his business. I had breached trust, confidentiality and data protection etc.

A simple but foolish mistake, probably not lost a deal, he was Mister BA Bad Attitude anyway, looking for full MV and more.

But still, the clear lesson is number 4) and 5) should have been swapped around.

Total Awards: 1
Total Points: 0

Hi Phil,
It was a pleasure speaking to you the other day. Thanks for sharing this experience. It is worth learning from.
Tunde Oloni

I quite often get calls from potential clients who say "I'm calling but i need to talk it through with my other half etc etc".

For this reason i will never leave a message with anyone other than the person who has contacted me, (until i know everyone in the household is aware of the situation) and i dont leave descriptive meassages on open land line answer phones, i will just say "its Shane Pavitt calling, im returning Mr/Mrs Smiths call".

If i have a mobile number i will call that and leave a descriptive message as you would hope only the person who contacted you would have access to this!

Bad luck phill, sound like he was a dreamer anyway, just on an aside, i had a call the other day from a guy who said

"hello is that sell house quickly or whatever" well yes i said its xxxx "are you the guys that'll pay 100% for my house" no i said politely but good luck with that anyway!

I know you can use options etc to make most deals work but sometimes people dont want anything less than 110% Mv in cash within 7 days!

Hi Shane,

I'm new here and I wondered what you meant when you said

"I know you can use options etc to make most deals work but sometimes people dont want anything less than 110% Mv in cash within 7 days!"

How does using an option make a property deal stack up?

Forgive my ignorance.

Regards.

Gareth

Gareth,

look on the 'abdul malicks options trading floor' section of this forum and you will find most of your answers - more than i can answer here and i'm just learning about them too.