Cinch Real Estate Overview

Cinch Real Estate Overview

Cinch Real Estate Overview 

For over 30 years, Cinch Real Estate has been working for millions of homeowners and tens of thousands of real estate professionals to make the process of buying, owning and selling real estate safer, as well as, more enjoyable, efficient and profitable.

 

In addition to selling home warranties under the Cinch Home Warranty name, we are also the warranty company behind many large national and regional private label or co-branded partnerships such as:

Cinch Real Estate serves two distinct groups of customers – both with different needs. 

 

1.    Realtor Clients: When our Realtor clients, with whom we are partnered, have a customer wanting to sell or buy a home they recommend the benefits of the Cinch Home Warranty. That’s our first customer. 

2.    Homeowner Customer: The homeowner customer  is either in the process of selling their home or buying a new home.  When a home closes, the buyer moves in, and our service contract (home warranty) helps make the cost of home ownership more manageable.  

Account Executive Team

Account Executives (AEs) work with real estate Agents and Brokers (our clients) to provide information about our products and assist them with servicing their needs of their customers who are buying or selling their homes.  AEs are responsible for:

·       Building relationships with the Brokerage and the real estate Agents in each office (AEs have relationships with many real estate firms within their assigned regions/territories)

·       Nurturing top Agents and supporting the growth of their business

·       Managing the day-to-day client relationship and ensuring customer satisfaction

·       Conducting training sessions with real estate Agents about our home warranty products and the benefits to both sellers and buyers

·       Answering Agent and homeowner questions about warranty coverage

·       Helping to resolve claims

·       Attending Realtor® trade shows and events

·       Each AE is ultimately responsible for achieving  their quota of new home warranties in their sales territory and helping  the company meet revenue targets.

Each AE covers a territory that can be as large as an entire state –  Every day, they are on the road the road visiting their Realtor® clients and spend quite a lot of time in the car.  It is critical that you get to know who our AEs are and support them in any way you can when they call or email us with requests for assistance.  

Membership Services and their Role

When our realtor customers call for assistance – they call you!  When a homeowner customer calls with a question or about their warranty or renewing, they call you!!   You are a vital extension of our sales team and that’s why it is so important for you understand our business and how we all work together as a team to service  and grow our business.   Every single phone call that you answer is important! 

How We Sell Cinch Home Warranties

·       Win the Realtors® business

·       Sales Managers Earn their business

·       Account Executives (AE) work in the field to Build and Nurture relationships

 

How We Enroll and Renew Cinch Home Warranties

Enrollment

We enroll new warranties in 4 ways:

  1. Point of Sale with brochures
  2. Online through www.cinchhomeservices.com
  3. By email or fax (the application in the brochure can be scanned or faxed or emailed)
  4. By phone (Membership Services)

Renewals/Auto Renewals

Cinch's primary focus is CUSTOMER SATISFACTION and RETENTION.  The goal is to keep customers coming back to us year after year to renew their warranty. 

The Cinch Marketing team has developed a detailed renewal solicitation campaign that goes out to customers 45 days prior to their warranty expiration date.   This campaign is executed by email, direct mail and telemarketing initiatives.   There are approximately 6 touch points in this campaign, all designed to encourage our customers to take action and purchase our warranty for another year and subsequent years.  Many of them will call in to renew – you will be responsible for taking theses calls.  You will have an incentive plan (more details on this later) for every renewal you process and you will be incentivized to sign customers up for auto renewal as well as when you add options/additions to their plans.


To ensure customer satisfaction and retention, training and quality observations/feedback of the Customer Solutions teams is on-going.  It is our obligation to ensure that we continually exceed our customer's expectations for quality, value, convenience, service and satisfaction.

 



    • Related Articles

    • Bring Your Own Pro (BYOP)

      Bring Your Own Pro is a new, separate home warranty plan, that is in addition to our traditional Real Estate products. Just like a traditional home warranty, Bring Your Own Pro helps cover the cost to repair or replace the appliances and systems ...
    • Cinch P3 Warranty Contracts

      Cinch warranty contracts have been improved to include simplified verbiage and additional coverage. All customers renewing or enrolling in Cinch plans will be enrolled into a new Cinch P3 plan. Updates include: Simplified easier to understand terms ...
    • Cinch MPP08

      Cinch MPP08 The Cinch MasterPeace Protection Plan 08 (Cinch MPP08) contract became available in November 2015.  The Cinch MPP08 was designed to provide all CINCH customers the most comprehensive coverage in the marketplace.   This plan is currently ...
    • Cinch Filter Benefit

      Customers enrolled in an Appliance or Complete Home plan may take advantage of a Filter Benefit handled by FilterJoy. This benefit covers their first HVAC filter order on the FilterJoy website up to $25. Details Customers should expect the free-trial ...
    • Cinch Water Essentials

      Water Essentials Product Overview Protects customer’s major home appliances and systems when they break down. Monthly Premium & Deductible $19.99/month - $250 Deductible $14.99/month - $500 Deductible Offers / Promotions N/A Review Period 30 Days, ...