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Dealing with sellers We’re experiencing a form of future facing objections within Florida or other growth states who think their land could significantly appreciate over a shorter amount of time. They probably read the news about property tax potentially being done away with etc How do you deal with this objection? Contract was sent and price agreed on only for them to come back with cold feet and second thoughts How are you guys addressing this in your conversations to make this objection less of an issue and help them process their decision better?
There's many ways to attack this. Here's a few that will help and in no particular order. Quotes are you talking. 1. Property tax potentially being done away with etc… A. ”When’s the last time govt has done away with a tax?” B. “How do you know it won’t be raised?” C. “If they DO get rid of the property tax, how will the county generate revenue?” 2. They think their land could significantly appreciate over a shorter amount of time. A. “When was the last time you were able to time any market?” B. “Prices are based on supply and demand. Sure the market could go up, but at anytime it could go down.” C. Let’s assume the market goes up, raise your offer by 5%(arbitrary#) “Let me ask you this - if we can get you $150K at terms that make sense, when would you want to close?" D. “If you have $150k now, where you could deploy it when opportunities show up? What would you do with the money? Or are you going to hope prices up? Hope is not a strategy.”