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8 Comments on How To Fire A Client
These are good ways to sugar coat an otherwise difficult scenario.
Oh boy, talk about a wordmister! No doubt that these are more professional methods of handling these difficult situations. Great advice.
Larry, I recently had a *face-off* with a seller's children. They were convinced that I didn't do *something* that would have gotten their mother's home sold. Know that this house is in an "Adult Community" and the owner does not own the land, and the Community Owners will not sign the document that allows the lender to take possession of the house if the borrower defaults - the house goes to the Community Owners to resell! Thus, the lender is out the borrowed money!
After listing what I had done to market the house, and produced the history of solds for the past year/past 7 months of the community (ONE sale since December), informing the "children" that in order to purchase, a buyer must have either cash, or be able to finance strictly via a personal loan; I did tell the seller, "If you feel I have not done all that can be done to sell your home, I will draw up the document required to release you from our contract." Her response, "You have done more than the FIVE agents before you, no I do not want you to draw up the release!"
I did tell the son that staying with his mother was not about my commission; that had been spent long ago on all the marketing I had done! My staying was only about loyalty to her!
I may have a soft heart, it may be my upbringing about how to treat my elders; but even when the feeling to THROTTLE a client threatens to overwhelm me, I take it as a test of my patience and my proficiency to market myself.
Haven't had to "fire a client" as of yet, but my patience has been tested! Still working on my proficiency!
Great advice Larry.
My husband and I were discussing an issue like this recently. He was wondering why an agent would get rid of a client. He knew of one agent who had shown over 30 houses and the agent broke off the relationship so to speak. I told him that I was surprised the agent lasted that long. Unless there is something unique about the situation, if my client cannot find what they want with less than 30 homes we need to either go back to the drawing board or the client is not ready to buy.
Thanks for the post.
Eventually you need to terminate a relationship that is not working, funny how quickly you feel better once it is put behind you. There is always another buyer and/or seller to replace the one who did not work out. Always keep in mind, they are not the only ones in the world currently buying or selling reaql estate. As they say, don't be attached to the outcome.
Never been in the situation, but great a great how-to for a soft break-up.
Larry,
You should be working for for the diplomatic corps.
I'm so glad I consulted A/R before firing a client. Your scripts are fantastic and you're right....you don't want to burn any bridges. There's always a diplomatic way to get your point across.