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Let the selling Begin!

Will This Strategy Always Work?
Nothing will always work. Professional automotive sales trainers tell salespeople to think of themselves as improvisational actors. These are actors who are given a scenario by someone in the audience, and the actors are then required to make up their lines as they go along. In this case the potential buyer is creating the scenario, and you. as seller, are going to have to adjust your responses to the buyer's scenario.

Closing the Deal

You and the buyer have agreed on the price. You're ready to close. Here are some tips to keep in mind:



As any car dealer will tell you, the best deals are those that close on the spot. If you agree to a price and the buyer says he or she will be back the next day with the money, there is always the chance that the buyer will decide to keep looking in hopes of finding yet a better deal or that for some other reason he or she will get cold feet.

To help minimize the risk of the deal falling through, you can ask the buyer for a small deposit. Fifty to one hundred dollars will usually assure that the buyer will come back. You might say something like this:

"Wednesday will be fine to close the deal. Now that we've agreed on the price, I'm assuming that the car is sold and I'll take the car off the market and not show it to anyone else. " At that point you might want to produce a form like the one shown on the next page.

 

How Long Before the Close?
Unless you feel very confident of the buyer's intentions-remember, even friends back out of deals you might want to insist that the deal be consummated within no more than three days.

Are, You Obliged to Give the Deposit Back?
As with the deposit asked by dealerships, if there is no stipulation in the agreement saying that the deposit will be forfeited should the buyer decide not to buy, most sellers return the deposit. But since the buyer will have to return to pick up the deposit, you will have another opportunity to try to close the deal. If you decide to make the deposit
nonrefundable, that's your choice. While you may want to check with a lawyer, generally any agreement, that both parties sign is binding.

 

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