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Agents Owe Clients the Truth, Even if Clients Don't Want to Hear It

Reblogger Jim Hale
Real Estate Broker/Owner with ACTIONAGENTS.NET Oregon 780301468

Elizabeth Weintraub, the Sacramento short sale expert, wrote this post on telling the truth to buyers and sellers ...even if they don't want to hear it.  She is so right on.

Owing people the truth...

What a novel concept.

Funny how The Truth is often hard to sell.

People always want to hear their truth...as opposed to the truth.

 

Funny how "their" has an extra "I are" in it.

 

 

Original content by Elizabeth Weintraub Sacramento Broker DRE #00697006

confusionI was reading another agent's blog this morning about dealing with a screwball situation and unreasonable demands. I made the comment that the icky part of the real estate business is when an agent has to choose between being honest and getting more business. Because sometimes when an agent tells a client the truth, that person is unprepared to hear it. Not only that, but because the client doesn't want to hear the truth or refuses to believe the truth, that person will look unfavorably upon the agent. An unfavorable opinion equals no more referrals. No more referrals hurts an agent's business.

So, what does an agent do? Is it wise to compromise?

I say no. I believe in telling the truth. That doesn't mean let it all hang out, but it does mean being honest, knowing full well that the honesty may not be well received. Being honest sometimes means an agent will lose business. A client may not like the agent as a result. But as like-able as one may want to be, the other side of the coin is you can't please everybody 100% of the time. It's impossible. And you can drive yourself crazy if you try.

An out-of-area seller called me yesterday about taking a listing in Land Park. He told me how much he wanted to list his duplex for and asked whether I would do it. Ordinarily, if I think a seller is listing a home too high, I will say so yet take that listing for a couple of months, just to see how it goes. Because it's possible a Bay area buyer will overpay for a home in Land Park. I don't like to be judge and jury. It's not my home. But I do need to be honest.

Based on my experience over the years of selling homes in Land Park, I can pretty much predict at what price a home will sell. I explained to this guy what similar properties had sold for and why. Didn't matter. He demanded I sell his fixer-upper duplex at $450,000; said it was my job to get that for him. He got huffy with me. No, sorry, it's not. Because it's not gonna happen. Not in this real estate market. Maybe in an alternate universe but not in this one. Well, my name is mud to this guy.

Hey, is anybody else watching Fringe? That show has become so darned confusing. I finally figured out that each show is now based in alternating universes. If the opening shots are tinged in red, it's the parallel universe. If the opening is blue sky and clear, whoa, wait a minute.

Photo: Big Stock Photo

sacramento short sale agent

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Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.

The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.

Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

Posted by

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Jim Hale

Principal Broker / Owner

Graduate, REALTOR Institute             e-PRO

2015 Member, Million Dollar Club of Lane County

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Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Something so easy to do and yet in today's world rarely used. Somewhere our nation's moral compass is off a bit.

Oct 30, 2010 09:34 PM
Gary Pike
Better Homes and Gardens Real Estate Metro Brokers - Powder Springs, GA

I too have lost out on business where the owner hasn't wanted to accept the facts as they are.  There are still homes with for sale signs in their yards from last year where another agent agreed with the owner's price to get the listing.  What a shame, I hope the carrying costs and stress are worth those extra dollars.

Oct 31, 2010 12:14 AM
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Randy and Gary -

The truth is, except in large cookie-cutter subdivisions (which we have virtually none of here), market price is always a hard truth to know.  There is room for error.

The big truth is:    There just isn't any room for erroneously doing and saying something that you are sure makes no sense.

Oct 31, 2010 06:17 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I can't work with people who won't accept the truth!  The truth actually makes our job easier because expectations are set up front!

Oct 31, 2010 09:45 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Jim, I have always found it easier to tell the truth than to try and cater to a client or customer. I will also tell them that if I say something different a couple of weeks from now it has nothing to do with trying to lie. I'm just getting older and don't always remember everything the way I used to. I have lost listings because the clients didn't like the truth. When it sold long time after the value was very close to the truth I had offered them.

Oct 31, 2010 11:41 AM
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Renee -

That's the truth, too....what you said!

 

Oct 31, 2010 02:19 PM
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Ed -

Truth doesn't change much...but as we get older, it gains in value.

Oct 31, 2010 02:20 PM
Not a real person
San Diego, CA

One could say that about politicians, too. Alas, 80% of the world is about the me’s instead of the you’s.

Nov 13, 2010 03:17 PM
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Russel -

The role of politician would be pretty easy....were it not for the many varied, competing DEMANDS of the people.

Nov 15, 2010 06:54 AM