A simple to use real estate sales tool to help the professional Realtor® clinch the sale.
This low tech “gadget” puts high tech back on the shelf. Easy, accurate, no batteries or electricity required.
The Bid Grid is an easy to use calculation tool for a home buyer or the nervous real estate auction bidder. Simply find an additional bid amount on the grid, set the guide to interest rate and down payment percent, and The Bid Grid displays:
- The additional cost to the home buyer on a daily basis.
- The additional cost to the home buyer on a monthly basis.
When your clients can see how little their increased bid will cost per day, they have the information to say “Yes, we can do this!”
Picture This…
You have been working with your Buyers for 6 months. They have seen many homes, but none were quite right.
Today your Buyers find their “dream home”. It has everything they want including the “WOW!” factor. They love the property, BUT, the Seller’s asking price is $10,000 more than they wish to pay, AND, another Buyer is making an offer on this property.
Your Buyers are making a 20% down payment and they have been qualified for a 5.5% fully amortized 30 year loan. Can they afford to pay the additional $10,000?
You know this home would be perfect for them, and they are running out of time. What can you do to convince them to pay the additional $10,000?
After you have discussed the virtues of their “dream home”; and reminded them of how long they have looked, how many homes they have seen, how this home is perfect for their needs and how much they love this house; what else can you do to convince them to purchase this property?
YOU GET OUT THE BID GRID AND SHOW THEM (In this scenario).
- The additional down payment will be $2,000
- The additional financing will cost $1.51 a day.*
Think about it. A dream home with the “WOW” factor for only $1.51 a day! How can your clients resist that? When your clients can see how little their increased bid will cost per day, they have the information to say “Yes, we can do this!”
Of course, each buying scenario will vary. THE POINT IS, SOMETIMES ALL THAT STANDS BETWEEN A DREAM HOME, A CLOSED SALE, AND A SATISFIED SELLER, IS A VERY DO-ABLE AMOUNT OF LESS THAN $3/DAY.
Congratulations, you made the sale. Your Buyers will be so pleased - be prepared for referrals!
*The additional fees do not include an increase in the property taxes. THE BID GRID also does not take into account the income tax benefits. If your clients are in the 20% income tax bracket, their actual costs would be $1.21 per day.