OK, this post is going to offend all of you pit bull lovers out there, and I'm apologizing in advance.  I know there are many of these creatures who are wonderful pets.  But keep in mind that I'm talking sterotypes here.

These are some of what I consider to be important elements of doing a good job to represnet buyers in a real estate transaction.

  • Stay on top of the market and new listings that might fit your clients' needs
  • When they find "The One"  know how to put a good offer together and give advice on a strategy that will actually get the the house
  • Be a better negotiator than most, usuing these skills to close the gaps between your clients' offer and the sellers' expectations
  • Once the contract is ratified,  resolving all of the little problems and issues between agreement and settlement
  • Working hard to keep a reputation for being reasonably easy to work with, and then actually being easy to work with
  • Keeping your word in both large and small things throughout the transaction.

When I'm working with buyers, sometimes I might be just a little tough, but I am not a pit bull.

It's unusual for a transaction to glide to the settlement table with no glitches.  I mean, if it was easy, we wouldn't get paid so much for doing it.  But the way we negotiate the offer then work out the rest of the stuff that has to get fixed to make the settlement happen, well, that's where we make our reputations for being either really good agents or total pills.

First, we have to give up the need to be right.  

  • You can share your opinion of a property's value, but in the end it's not that important.  You aren't buying!  You aren't selling!  Your job is to facilitate the communication between the principles who are, after all, the ones who will decide what the house is worth.
  • When the home inspection list comes in, you might feel the need to hammer the sellers and their agent to make certain that every little ding in fixed.  Forget that your buyer's inspector may have qualified some of his findings on stuff like plumbing and wiring - you are demanding pipes or a breaker box be replaced.  But the way to fix the dings has to be decided by licensed contractors, not you.  And keep in mind that there may be many items on a list that your buyer could care less about. 
  • When there is a problem with the appraisal or financing or anything else in the transaction, you need to be part of the solution instead of making things worse.  Screaming at the other agent won't help.
  • If the other agent does something to screw up, don't spend your time placing blame and making her wrong.  Use your smarts to fix things, even if you were not the one to break them.
  • If you don't maintain at least a modicum of good will with the other side, it will cost your clients at some point in the transaction when they might really need a favor.

We've started noticing that there are some agents out there who think that to represent their clients well, they have to be really, really tough - all the time.  They risk turning the situation into a totally adversarial Jerry Springer episode!  Forget that the agent's toughness might tick off the other side and contribute to the transaction's downfall.

And that's what being a pit bull can do.

The next time you're involved with a challenging transaction, try to be a Labradoodle.

Labradoodles bring lots of good energy to any situation.  They are smart, and they have an amazing attention span whenever they are trying to accomplish some task.  They know where the shoe they want to gnaw on is hidden and they will find it.  Labradoodles  are determined. 

And, most important, they are utterly charming and adorable, so that even when they are pissing you off, you don't mind too much.

 

 

 
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15 Comments on You Needn't Be A Pit Bull To Represent Your Clients' Interests

SEP
30
2009
269,220 Points 4 Featured Posts

Patricia - Those are some great points. Being a pit bull - on occasion - is understandable in today's market. But, all the time? Love your labradoodle analogy!

11:58am • #1

I agree!  It don't mean nothing until it is closed.  I don't get paid unless, the other agent don't get paid until we close. 

I once had a deal fall apart on "principle"  over 50 dollars.  It seemed I was the only Labradoodle. 

12:03pm • #2
312,108 Points 10 Featured Posts Localism Sponsor Hit Router

Pat --- I like you analogy ---I think you are soooooo right --- those agents out there, who try to impress their buyers by being so tough, many times lose the deal for their buyers.

       
        Mama Liz

12:29pm • #3
492,962 Points 46 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I have always believed that as Realtors, we facilitate the transaction between two parties. 

The most successful transactions (where both parties feel like they got what they needed) require that each side gives a little bit--otherwise, one side feels like they are losing. Once you get to that point, the transaction can quickly spin out of control and becomes at risk of not closing. Everyone needs to feel like they won--and in order for that to happen, one party can't win every point in the negotiation.

Early on, I talk to my client about things that we can 'give in' on that won't cost them a lot, but allow the other side to feel like we are compromising (of course that is only if it becomes necessary).

Great post!

12:37pm • #4
1,032,942 Points 239 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Patricia- You really hit the nail on the head with "First we have to give up the need to be right".  We all get caught up in making sure that others will know that we were right and forget that what's important is not about "us".  Good post.

2:10pm • #5
762,343 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I think a big part of why deals fall apart is the agent interaction.  Getting a bad feeling about the other agent sets the tone for the whole deal.

3:02pm • #6
1,329,740 Points 37 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pat

Thanks for sharing your insight, your post is right on target.

Good luck and success.

Lou Ludwig

4:46pm • #7
337,460 Points 9 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Hi Pat ~ Right on! I've had transactions never get out of the gate because of the agent's posturing. It's not what it's all about.  We need to focus on finding solutions.

Liz

5:55pm • #8
569,437 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

Being right is very important to some agents and I find my self going there sometimes. I hope I'm over it.

9:39pm • #9
OCT
01
2009
815,133 Points 165 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Pat, there are a few things that really set me off, right from the start. As a listing agent I hate hate hate when I get that offer and the agent has to try to educate me on why their price is what my clients need to take. Come on, I did my home work. I will present the offer to my clients, and because it is so damn low I will have to calm them, get them over that whole "screw them" attitude and come back with a counter. 

6:45am • #10
451,406 Points 64 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Patricia

   You are right- you can be charming and adorable, and also pugnacious when necessary to resolve problems when they arise- but I particularly respect your observation that the reputation you create for yourself can be either a big benefit or huge hinderance in your working relationships with other brokerages.  It is after all a COOPERATIVE effort between buyers ,sellers and the agents that represent them.

Some people tend to forget that.

 

 

 

8:01am • #11
1,002,481 Points 43 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Like you, I'm not too fond of Pit Bulls, although one was sitting on my lap last week---the canine variety...however, the real estate variety is not nearly as sweet as that little pup. 

As for Labradoodles, I've met two and loved them both (the dog variety), and it's a pleasure to meet up with similar personalities in a real estate transaction.

2:22pm • #12
621,899 Points 11 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Pat we all know that a lot of times a real estate professional can kill a deal by trying to be a pitbull when he/she thinks that he is looking out for the interests of his client. Love the analogy. Great post.

5:30pm • #13
296,366 Points 19 Featured Posts Outside Blog

Pat - so well said.  Some agents just get nutty and make things must worse.

9:04pm • #14
322,630 Points 14 Featured Posts Localism Sponsor Outside Blog

What's that saying?  You catch more flies with honey than vinegar?  Something like that.

10:54pm • #15

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Patricia Kennedy

Washington, DC

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Evers & Company Realtors

Address: 4400 Jenifer Street NW, Washington, DC , 20015

Office Phone: (202) 364-1700

Cell Phone: (202) 549-5167

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Pat Kennedy -- author of The Irreverent Guide to Real Estate -- gives you a look at life on the streets as a real estate broker in our nation's capital. And her blog is peppered with great advice combined with humor!


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