Special offer

When "We've decided to go with another realtor" [sic] is a Blessing

By
Real Estate Agent with Cummings & Co. Realtors

I always appreciate referrals and work my hardest to give the best service to all of my clients.

But sometimes that just isn't enough.

I was thrilled to receive a referral from a potential future client based on my interactions with them through social media and then meeting them in real life. They see the work I do, the marketing, how hard I work for my clients. When a co-worker asked them if they knew a great agent in Towson, they immediately recommended me since I live and work there.

I went on the listing appointment a few weeks ago. I was well prepared, had my numbers, statistics, marketing pieces and information, and know the neighborhood very well -- I even have a good friend who lives down the street so I am very familiar with the area.

The listing appointment was odd, though. I couldn't put my finger on it, as we walked through the house, but something just didn't click.

Then we sat down to discuss price and marketing. And we hit a brick wall.

All of the data, including recent sales, tax-to-value ratios, and price-per-square foot averages led me to a certain price range. Their take was much different. Then I was asked why they should use an agent rather than sell on their own. Though I answered the question, speaking of marketing and the majority of the negotiations etc coming at or after the contract, I already knew I did not want to be their agent. These sellers had their set idea of price and what they expected, and I knew that I could not help them achieve either ideal because I cannot create a market price where there isn't one, and I clearly was not the right person to lead them to a successful sale.

That being said, I did not know how to handle this, because I still am hoping for the people who referred them to use me at some point in the not-too-distant future.

Yesterday morning, the answer came in the form of an email informing me that "We've decided to go with another realtor" [sic].

Would I have loved to have another listing in an area where I specialize? Sure. But not at the wrong price and with expectations that I cannot possibly meet.

Sometimes people are just not a good match. And that is OK. There is no need to force a bad match, because in the end, it will cause you (and them) more stress than is necessary in an already stressful situation.

 

*3/6/10 -- As a follow up, the home came on the market with the other REALTOR, and I am happy with whom they chose because he will work his hardest to get it sold. The sellers did, however, overprice it from where the market data showed by about $40,000.*

 

Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Marney...

We are NOT doing anyone a service by taking a listing that we can't sell. Sometimes, as you stated, it's just not a good fit.

Mar 02, 2010 11:06 PM
Richard Strahm
American Foursquare Realty - Lansdale, PA
Lansdale and North Penn Real Estate

Reminds me of the Garth Brooks song "Unanswered Prayers."  We all pray for more listings.  But sometimes the ones we don't get are the blessing!

"Some of God's greatest gifts are unanswered prayers."

Mar 02, 2010 11:07 PM
Home Design
Alpharetta, GA
Home Design and Real Estate

Nice post Marney, Good for you!  We REALTORS are not a good match for unreasonable sellers.  That is the moral of the story!

Mar 02, 2010 11:08 PM
Norm Werner
Real Estate One - Milford, MI
Helping the first time and every time

We've all been there and sometimes it is a blessing in disguise. The thing that gets to me more than losing what would have been a bad listing is if they end up goign with one of the sleazy operators that exists in every locale. You just know that these clients are about to get hosed royally, yet there is nothing that you can do but smile and wish them good luck. I generally add that they should keep my card in case they may need it in the future. You did the right thing.

Mar 02, 2010 11:17 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

"Rejection is protection" and it sounds like you knew instinctively that you would not be able to help this prospect.

An AZ attorney instructor I know says that the number 1 risk reduction tool is client selection. Now you're free to choose differently.

 

Mar 02, 2010 11:19 PM
Gerry Banister
RE/MAX Showcase Homes - Beverly Hills, MI
MBA

It is difficult to give up potential business. However, there have been times when I have told sellers that I did not think we could work together effectively.  If sellers have unrealistic expectations, I would rather not begin a business relationship then have it fall apart later and provide them the opportunity to tell their neighbors what an awful job I did.

 

Mar 02, 2010 11:32 PM
TERRY DRISCOLL
MAINE HOME REALTY - Bath, ME
REALTOR - Buy or Sell in Any Season!

They will get an out of town buyer to come in and go under contract at a their higher price, then the appraiser will show up and blow up the buyer's financing, and you will see that the listing has been withdrawn - - that is my prediction . . .

Mar 02, 2010 11:51 PM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

I'm much more careful nowadays with the listings I decide to take.  Uncooperative Sellers will result in wasted effort, time and money.  When I lose a potential listing, I wish the Sellers well and let it "roll off my back".  There's plenty of work out there to waste time whining about a lost listing.

Mar 03, 2010 02:00 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Marney, I had someone call me about listing their house. THey were changing agents. It took me a while, but I also figured out that I don't want this one. Sometimes it's just not worth it!

Mar 04, 2010 10:30 AM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Richard, thank you. It just wasn't a good fit for me - or them!

Richard S -- you are so right!

Jennifer, you are right! Other people may tell them what they want to hear, but I don't feel that is in anyone's best interest.

Norm, as an update, they chose someone I consider to be a great agent, but it is highly overpriced.

Candice, you are right. And I feel much better about it!

 

 

 

Mar 06, 2010 05:52 AM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Gerry, that is a great way to think about it, I like that! Thanks!

Terry -- there is another overpriced one on the same street that has been on for 4 months. I think they will sit for a long time, and keep reducing, and end up accepting less than what I told them to expect in the first place...but I will definitely update you, your theory is very interesting!

Tom, I agree!

Connie, absolutely.

Thank you!

 

Mar 06, 2010 12:39 PM
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

I think our goal is to always EXCEED our clients expectations. With someone with unrealistic expectations it makes our jobs impossible. They have found someone who said what they wanted them to say and when that relationship goes south, they will end up not happy and probably bad mouthing the job done. Best let people like that go, although it may be a bummer and a little rough on the ego, in the end, it is the best thing to have happened.

Mar 15, 2010 11:06 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Marney, $40,000 is a pretty healthy overprice!  Maybe they'll lower it as soon as they realize their home is selling the others in the neighborhood.

Apr 09, 2010 03:27 PM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Stephanie, you are so right. It would make my job impossible! Thanks for the boost!

Pat -- Who knows. It is just frustrating when everything points to one thing, yet the facts and knowledge don't seem to make a difference. I guess the good part is that it isn't my client, right? :-)

Apr 16, 2010 12:16 PM
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Marney - While I'm not a Realtor listing property, I have heard my realtor friends feel the same way as you about turning down a listing with unrealistic sellers.  I hear they're more trouble than they're worth.

May 23, 2010 04:03 PM
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

We believe it was a blessing in disguise Marney, right now you have a client that is obviously impressed with you and giving you referrals. Why blow that by taking an overpriced listing, where you know the Owner will only tell their 'friends' that you are not doing your job. Right now, your clients gave a referral, their 'friends' chose someone else. You are still good in your clients minds. You may end of being the knight in shining armour, when this property does not sell.  Best of luck for continued success in that neighbourhood. Now go sell a bunch there and make these people realize their mistake!! LOL 

May 25, 2010 03:23 AM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Donne, I agree! Thank you for stopping by!

Al & Peggy, I am working on it! :-) Just got another one under contract about 3 blocks away. Meanwhile that one is still on! I appreciate you!

May 25, 2010 02:11 PM
John Howard
Century 21 LeMac Realty - Mountain Home, AR
GRI, Mountain Home, Arkansas 870-404-3614

Marney,  Sorry it took me so long to find your post here....I love this post!  I wish more agents would take it to heart and tell their potential clients the truth!!!

Jul 16, 2010 08:53 AM
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Hi John! Thank you so much for finding me! It is funny, there is another I should have said that to, but didn't. This has reminded me to stick to my guns and now I feel I need to have a fierce conversation! Thanks, John!

Jul 16, 2010 09:02 AM