Josh Cadillac’s ACE Real Estate Negotiation 3 Class (https://close4life.com/) goes beyond basic negotiation tactics to focus on creating a lasting business foundation through client retention and thoughtful communication. With an average retention rate of only 11% in real estate, Josh emphasized that successful agents prioritize long-term client relationships, aiming for 100% client return. Here’s a breakdown of key insights and actionable steps from the class, designed to help you enhance your negotiation skills and client interactions. Building a Business: Client Retention as Your Goal
A major takeaway from Josh’s class is that negotiation is not only about closing the deal but about building trust and relationships that last beyond a single transaction. In real estate, 89% of clients don’t return to their previous agents, so your goal should be to stand out by providing memorable, trustworthy service. This means planning for objections, addressing them proactively, and positioning yourself as a reliable guide for clients.
Key Strategy: The best agents anticipate and plan for objections they hear repeatedly, so they’re ready to address concerns even before they arise. For example, if a client is hesitant about market uncertainty, come prepared with recent data and sympathy for their concerns to show you’re on their side.
The Art of Pre-Negotiation: Address Objections Early
Josh’s approach to negotiation starts with pre-negotiation: tackling potential objections upfront to minimize resistance later. Agents who prepare in advance are better equipped to handle recurring client concerns, often using empathy and transparency to make clients feel understood. When you address these objections with foresight, clients are more likely to trust your expertise and feel at ease, making negotiations smoother.
Example Tactic: When discussing pricing, instead of waiting for clients to express worry about affordability, bring up potential concerns proactively by saying, “I know many people have questions about financing, and I’d love to help clarify things based on your budget and needs.” This signals you’re aware of their perspective and ready to address it.
Mastering Communication: Words, Body Language, and Tonality
Negotiation is more than just words; it’s about how you present yourself through body language, tonality, and word choice. Josh emphasized that confidence is conveyed through the alignment of all three. When words, tone, and body language match, your message feels more credible and authentic to clients.
Tips for Consistency:
- Words: Choose positive, reassuring language. Phrases like “I’m here to help make this easy for you” or “Let’s find what best suits your needs” build trust.
- Body Language: Open posture, slow movement, and steady eye contact convey calm confidence.
- Tonality: Use a steady, friendly tone. Speaking too quickly or too quietly can come off as uncertain, while a warm, measured tone reassures clients of your confidence.
Entering with Confidence: First Impressions Matter
How you enter the room can set the tone for the entire interaction. Josh advises agents to enter with confidence, comfort, and an open posture. Head up, body relaxed, and eyes scanning the room allow you to assess the atmosphere and key players. Stand with feet shoulder-width apart, arms relaxed, and palms facing up to signal openness and approachability.
- Identify the Key Players: Assess who’s present, who’s influential, and gauge their sentiments.
- Read the Room’s Sentiment: Note any signs of anxiety, frustration, or ease in clients’ body language and tone. Adjust your approach based on this initial assessment.
Pro Tip: Position yourself next to the client rather than across from them. Sitting side-by-side conveys a collaborative mindset, as opposed to a face-to-face setup, which can feel competitive.
Body Language for Connection: Open, Relaxed, and Reassuring
Josh highlighted the importance of “open body language.” Walking slowly, standing with feet shoulder-width apart, and keeping your palms visible are nonverbal cues that convey calmness and transparency. These small adjustments can make clients feel at ease and that you’re both on the same team.
Checklist for Open Body Language:
- Approach the Client Slowly: A steady pace signals calm control.
- Hands Out, Palms Up: Shows transparency and a willingness to help.
- Stand with Feet Apart: Creates stability and confidence in your stance.
Conclusion: Building Long-Term Client Relationships
Effective negotiation in real estate is more than simply reaching an agreement; it’s about creating a positive experience that clients will remember and want to repeat. By addressing objections early, aligning your words, body language, and tone, and maintaining a confident, open presence, you set yourself up as an agent clients trust and want to work with again.
Incorporating these strategies into your client interactions will not only help you navigate negotiations more effectively but will also enhance your overall client experience, paving the way for a higher retention rate and long-term success in your real estate career.