Frequently Asked Questions
QUESTIONS
Q) Who has access to the buyers full details that are added into the system?
A) The information is fully encrypted, only the agent with their password has access to this information.
Q) How does the consumer know about Red Hot Buyers?
A) Each agent/agency that joins Red Hot Buyers is given access to our free marketing kit, one of the best ways to promote the site is by adding the supplied icon to your newspaper advertising. The site is also being marketed via search engines and print media nationally.
Q) You mention that Red Hot Buyers is a prospecting system, what do you mean?
A) Pro-active agents know the value of prospecting, particularly the many benefits of reverse marketing. Once you join you will also receive our Red Hot Buyers prospecting dialogues and methods, this alone is worth the value of the membership.
Q) What do I do if I don’t have any buyers to add to the system?
A) Panic! Even when the market tightened up there were plenty of buyers searching for their dream home, there is always a pool of buyers searching in an area. Red Hot Buyers is a community of the most pro-active agents on the planet.
Q) Why should I join the website when I can run half page ads in the paper with a list of my hot buyers?
A) Great question. Firstly redhotbuyers.com.au is way more effective than running ads in the paper. You can place all of your buyers all year round on the site for less than one half page ad in most suburban newspapers. Secondly every buyer listed on Red Hot Buyers is 100% authentic and their authenticity can be checked by government authorities at any time. Put simply, sellers trust the site 100%.
Q) I have been in real estate for many years and have never seen anything like this. Why does it work?
A) We live in a fast paced society, speed is the ultimate customer turn on, we love finding what we want and getting back to work or play as soon as possible. Sellers can now browse the site, find a suitable buyer, call the agent and start the selling process immediately.
Q) I am brand new to real estate and I don’t have a large pool of buyers to add to the system. How can Red Hot Buyers work for me?
A) Talk to your Sales Manager, most real estate offices have old open home registers, you could call these buyers, they are a pot of gold. You could also ask your co-workers if they want to list their buyers on the site and share any potential vendors that list their properties. There are many things you can do, it’s all about being pro-active.
Q) You mention that government authorities or the Office of Fair Trading can verify the validity of buyers at any time, how does this work?
A) The philosophy behind the site is that every buyer listed is 100% authentic, this gives potential sellers total confidence in the site. Each buyer is given a unique number, so that authorities can visit the agency and do a back end spot check on the site to ensure that the buyer is genuine.
Q) Can a seller contact a buyer direct?
A) No. The only way that a seller can find out the full details of a buyer is to engage the services of the agent responsible for loading the buyer into the system.
Q) Can anyone become a Red Hot Buyers member?
A) Anyone can browse the site, however you must hold a current Real Estate license or certificate of registration be a member of the site.
A) As mentioned earlier Red Hot Buyers is a community of the most pro-active agents on the planet. Pro-active agents know every different style of property in their area, they know all the different price ranges, they know their area backwards. So it’s simple, you just make sure that you list buyers that are searching all demographics in your location.
Q) I noticed that buyers can add themselves to the site. How does this work?
A) Yes another agent advantage of Red Hot Buyers is that buyers can add their details to the site. However prior to going live on the site the agent responsible for the area the buyers wish to move to will call the buyer and verify their details. So now you will have Red Hot Buyers contacting you!!!
Q) I am selling my home and there are several suitable buyers on redhotbuyers.com.au, however I have a bad history with the agent responsible for adding the buyers. What do I do?
A) That’s simple, just contact another agent within the brand and explain the situation, but remember, when selling your home you need to use logic as your driving force. It’s a business decision, don’t act with emotion.
Q) I work for a franchise company, can I join?
A) Yes, any brand of agency can become a member of Red Hot Buyers, all you need is a current certificate or license.
Q) I have noticed there is a button on the site where vendors can arrange a valuation, who does this valuation?
A) The valuation goes straight to the agent who has membership for the area where their property is located. So the site is working for the member agents on a multitude of levels.
Q) What happens if an agent adds bogus buyers to the site?
A) If an agent is found to have added bogus buyers, they will be banned immediately and never allowed to be members again. The integrity of the site is vitally important.
Q) What happens to the buyer information if I decide to end my association with the site after the contract has ended?
A) The information is yours. The only person that can access the buyer details is the person who loads the buyers into the system. No one at Red Hot Buyers or anyone else for that matter can access your data, it is 100% safe. Once your account is finalised you will be deleted from the system along with all of your buyers and their data.
Q) I am a buyers agent, can I join the site?
A) Yes, only a licensed agent or certificate holder can become a member of the site including buyers agents.
Q) What happens if a seller contacts an agent and says, “bring the buyers through ASAP”?
A) Sellers and agents must obey the law. Agency agreements need to be signed and in most cases the vendor must have a contract for sale prior to buyers being introduced to the property. It is up to the agent to explain the listing process to the seller.
Q) Does the system work?
A) It sure does. Check out some of the testimonials in the latest news section towards the bottom of the site.
Q) How do I maximize the sale price for my vendors?
A) Red Hot Buyers is a terrific way to help your vendors maximize their sale price. Used in conjunction with traditional Real Estate marketing methods such as print advertising and agency websites you can build some real momentum into a marketing campaign. In fact other buyers can see how much competition there is in the particular price range or property type and as most pro-active agents know, genuine competition among buyers = a better result for the seller.
Q) How many agents can post buyers searching in a particular suburb?
A) Red Hot Buyers is an exclusive based system. Only one agent/agency has exclusive rights to a suburb. Therefore it is vitally important to get in quick and reserve your suburb.
Q) My suburb doesn’t appear in the drop down box?
A) If this is the case please email customerservice@redhotbuyers.com.au and a representative will rectify the problem.
Q) What happens if I show all of my buyers through the home and none of them like it?
A) It’s a simple case of being totally honest with the seller & devising a marketing plan to ensure a successful sale. I can assure you that the sellers will be much happier knowing where their property sits in the marketplace prior to committing to thousands of dollars in wasted marketing. That’s why Red Hot Buyer agents are the most trusted & pro-active agents in their area.
Q) My boss says that it won’t work, it’s a waste of time.
A) We understand that many people find change uncomfortable, but the world is forever changing, so don’t fall into the trap of paralysis by analysis... The age old syndrome of procrastination. Join Red Hot Buyers & set a blazing pace for others to follow while completely bewildering your competition.
Q) The competitors in my area are much larger than the firm where I work, how can being a member of Red Hot Buyers work for me?
A) In today’s world the old rules no longer apply, it’s not that the big eats the small, it’s that the fast eat the slow. Get your buyers onto the site as soon as you meet them and remember speed is impossible to ignore, speed brings with it a reputation of confidence, clarity of purpose & execution. Once you sell a few homes quickly & for top dollar you will gain a reputation for speed & as a result people & opportunities will seek you out!
Q) Are you saying that once I load my buyers onto the system my career will take off?
A) Red Hot Buyers is the only passive prospecting system around, however the time that you save should be spent honing your skills, searching for new opportunities & more importantly spending time with your loved ones.
Q) How long do buyers stay active on the system?
A) Buyers stay active for 30 days, the agent can then allow them to drop off the system or by simply ticking a box the buyer will be re-activated. This ensures that the site stays fresh.
