I’ve been talking with a lot of builders from across the country and want to share strategies I’m using that are proving to be very effective. These insights focus on helping builders see the value of financing and creating urgency for buyers.
Builder Questions: Your Go-To Responses
Builders often ask:
• “Why should I work with you?”
• “How can you help me?”
• “What makes you different?”
Here’s how to respond (how we help them):
Helping Builders Compete Effectively
I often hear, “I need to compete with what other builders are offering.” When builders worry about competing, focus on the value buyers receive from competitive offerings:
Example Grid:
|
Home Price |
Rate |
Cost |
Mo. Savings |
Equal to Price Cut |
|
$325,000 |
5.625% |
$15,000 |
$255 |
$40,200 |
|
5.375% |
$21,000 |
$304 |
$48,000 |
|
|
4.990% |
$28,000 |
$379 |
$59,700 |
Keeping it straightforward helps builders quickly see the benefits and increases their likelihood of acting on your recommendations.
Training Idea: Why Affordability is Key
Help builders and their teams understand buyer challenges with visuals that resonate:
Visuals simplify complex issues and make the case for why financing options are crucial to driving sales.
Create visuals for your market: Atlanta Fed Homeownership Affordability Monitor
Addressing Buyer Hesitations: “I’m Waiting for Rates to Drop”
Buyers often hesitate, believing rates will improve. Share tools with your builders to counter this:
• Use a cost-of-waiting analysis (e.g., from MBS Highway) to show how waiting can increase the total cost of buying due to rising home prices.
• Emphasize that home appreciation means higher down payments and loan amounts later, even if rates improve.
• Highlight how equity grows immediately with homeownership, creating urgency for buyers to act now.
This Week’s Focus:
• Start Conversations: Ask builders what concerns them about the market and current buyer challenges.
• Share Comparisons: Use marketing grids and visuals to show how they can make a difference for buyers.
• Role-Play Responses: Write down and teach their sales team how to answer common objections like “I’m waiting for rates to drop.”
By delivering clear value and actionable ideas, we can help our builders succeed in today’s market.
Questions? Connect with me.