Workforce lead Jen Berbas writes that considering the shopper perspective and expertise at each stage of the transaction means that you can optimize their course of and end result.
October is New Agent Month at Inman. Comply with alongside as we go deeper on the instruments, tech and suggestions you’ll must survive and thrive in 2024. For curated content material crafted only for first-year brokers, make sure to subscribe to our weekly e-newsletter, The Fundamentals.
This put up was up to date Sept. 30, 2024.
Recently our group has been fascinated by easy methods to elevate our shopper expertise much more. How will we create a luxurious actual property customer support expertise on par with that of a Michelin four-star restaurant or a five-star lodge? We now have been studying books on hospitality and debating what we are able to incorporate into our shopper expertise to ship luxurious buyer service.
The place do you even begin? There have been a number of books on the subject, and naturally, we are able to go searching for examples of exceptional hospitality that encourage us. How did that maitre d’ know our names at that four-star Michelin restaurant? (Google — your photograph is on there. Belief me.)
We watched the employees at The Breakers to see precisely what stability they strike: They’re heat and join with friends with out too many private particulars. How do they deal with my husband prefer it’s his birthday when he dumped his eggs benedict throughout a ridiculously beautiful rug? (True story.) By giving him the advantage of the doubt and being extremely constructive.
As we discover hospitality ideas and what units exceptional service aside, we preserve returning to a easy concept: Unimaginable hospitality comes right down to heat and reference to our purchasers, permitting us to anticipate their wants and emotions earlier than they know they’ve them. Empathy.
The system
After we first developed our purchaser and vendor processes a number of years in the past, we began with the premise that we wished to anticipate any query a shopper may need earlier than they even requested it. We put ourselves of their footwear and used their questions to grasp their emotions higher.
Our objective was to take away any anxiousness our purchasers could have whereas going via a course of that’s totally overseas to them and inherently excessive stakes. As we have been constructing this course of, we used shopper questions as a immediate to enhance our communication contact factors, protecting generally requested questions lengthy earlier than the shopper would suppose to ask them.
This shifted our communication cadence with our purchasers from a reactive state to a always proactive method, the place we led them via the method. Empathy helped us tailor our communication to the wants of every shopper. Understanding how the wants of a first-time homebuyer require day by day contact factors throughout an inspection interval, and an government prefers the manager abstract, bullet level method.
For our patrons, this method meant at all times telling them what comes subsequent so that they by no means should guess, and for our sellers, this meant updating them on all of the work that’s occurring on their behalf within the background.
After we inform our sellers what we’re doing for them, we aren’t being self-serving and asking for compliments; we’re letting them know each stone is being turned over on their behalf so that they by no means should marvel or fear if sufficient is being executed. “Please don’t worry about getting a new doormat; we will take care of that.”
It’s variety to offer them the small print of your efforts to keep away from any pointless anxiousness on their half.
Views
It’s simple to see how empathy with our purchasers’ views and their expertise might create a luxurious buyer expertise, however can empathy with our colleagues and the opposite occasion to the transaction enhance the expertise our purchasers have? Completely.
Empathy in negotiations helps us be higher negotiators. Consider this as negotiation ju-jitsu. This may occasionally really feel counterintuitive to somebody with an aggressive negotiation fashion, however empathy can enable us to step into the footwear of the occasion we’re negotiating with and collaboratively give on the phrases which might be much less essential to our shopper and assist our purchasers prioritize the phrases which might be extra essential to them.
In spite of everything, the objective of a negotiation is to not really feel such as you “won” the negotiation however to return to an answer that works so that you can transfer ahead.
You signify a vendor, and the customer discovered mildew throughout the inspection interval? Attempt to perceive their shock and the necessity for extra data. Enable the patrons just a few extra days to do their analysis and give attention to the phrases which might be extra essential to the vendor, such because the gross sales value, reasonably than specializing in successful on minor phrases like timelines. You could win on the timeline and lose the customer, which isn’t within the vendor’s finest curiosity.
If the opposite agent is hard, so be it. Maintain it to your self, don’t infect the transaction along with your emotions, and positively don’t react to it and spend your shopper’s goodwill. You by no means know what one other agent goes via; they may have had a combat with their partner or had a toddler despatched residence from college sick that day. For those who can provide your colleagues the advantage of the doubt, you’ll keep away from expending your shopper’s goodwill, and chances are you’ll simply make a buddy for all times.
Good will
Our group considers goodwill in a transaction to be a type of forex, which isn’t ours to spend. Goodwill is the forex of the principals, and it’s solely theirs to spend on the contract phrases which might be essential to them.
Whereas serving to you create a five-star luxurious customer support expertise, empathy additionally means that you can create a enterprise local weather the place your purchasers are most probably to reach assembly their most essential transaction targets.
You possibly can prolong this luxurious service to your colleagues by having the grace to offer them the advantage of the doubt, which is able to elevate your purchasers’ expertise and provides them higher negotiation outcomes within the quick time period and bolstering your fame for being a collaborative colleague your friends sit up for working with in the long run.
Jen Berbas is the group lead of the Berbas Group in Austin, Texas. Join together with her on Instagram and Linkedin.