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26 Comments on Another Real Estate Myth: An Agent From A Bigger Office Will Sell My Home Better
Ellie, We'll accept getting hired for the "wrong" reason (e.g. they like RE/MAX), but we'll back up their choice and make it work for them. What we don't like is NOT getting hired for the wrong reason! We know homeowners don't sell often, and when they rely on 10 to 15 year old thought processes, they're not helping themselves make the right choices!
Size doesn't matter.........it's the agent themselves and how they fulfill the needs of the client..........you have access to the inventory, so if you listen to their needs and show them what you're looking for, it's a win/win I would think.
Bliz ~ so true. We are independent contractors under a banner. There are good and not-so-good agents in almost every office. Listening to the client's needs is what is most important and then following through with what we promise. Nice post.
Bill & Liz, as you know I work for Coldwell Banker Beverly Hills, the issue is what I do, my marketing plan, my skills, the advantage is "name recoginition" I do not have to spend time discussing with the potential seller who I work for. It is all about what I do and will we be able to get along. Good Observations and a Valuable post to your potential sellers.
Roger, Our thoughts, and the same from the selling side. We determine with the seller what the best features of the home are and advocate! It doesn't matter whether our office has 1 or 1000 agents, just how well we get the word out on their home!
Dawn, Exactly what we think too. A mix everywhere, you have to find the best agent for the job.
Endre, Same here, our brokerage's banner means rarely having to spend any time about what company we work for, so the focus can be on the WHAT we do for them.
I did my time a the big box. No one hired me because of it and couldn't have cared less where I was. Any company is only as good as it's workers and the old monopolies in real estate are gone. The internet is the monopoly now and those that can master are the ones that will provide the best service.
Wow! Excellent post -- I ran with the Big Dogs, too, and I can tell you I have to agree with Roger and Jane! It's about the direct relationship between Client and Agent. Name recognition is great, but it's the rapport you create and your marketing acumen. Leaning . . .
Interestingly enough if you look at the statistics, at least in our MLS, you quickly discover the limited times that the listing company and the selling company are the same. Buyers and buyer's agents come from across the spectrum for supersize companies to small independents. The advent of IDX has leveled the playing field for everyone in terms of access. It means SERVICE is the true differentiator now.
Jane, The balance has certainly shifted to the buyer, and I thought most sellers were up to speed on that aspect. Unfortunately, we ran into one that still believes more agents at a company increases the likelihood of them selling. Have never run into that objection for not hiring us before! It may be influenced by the largest area RE/MAX franchises selling out to one of the local brokerages this summer, so for now, the brand footprint is a bit smaller. Sometimes perception matters more than reality.
Tish, It's that balance on having enough brand recognition to get them to call you, but after the call, it becomes more about the relationship and our skills to market.
Cindy, Haven't run our local MLS stats on that, but I'm betting it's the same here. I may just be tempted to run that report! :) And I'd agree especially on the buyer's agent side with equal access to everything, service is the key!
Very interesting post! When buying a house, it is the HOUSE that the buyer chooses. When selecting an agent, it is the AGENT the buyer or seller chooses, not the company name that appears on their business card. You can argue about the training and mentoring that comes in a large brokerage...however, that should also be apparent in the agent. And mentoring can come from all sorts of sources..including Active Rain!
We totally agree, but after being with the big name, we found that it's not whose banner you are working under, it's YOU!
Kathryn, That it's the HOUSE and not the AGENT is something sellers need to adjust to in our modern day marketing. The agency may give them a higher comfort level in their selection, but it's the AGENT who has to market and perform to bring the buyers to the HOME. And we certainly learn tons of great information here on Active Rain to help us better market our listings! Very few other local agents from are here, or getting the Google placement from blogging.
Larry & Sheila, We like some of the advantages our brand brings us, but ultimately it's up to us to decide how we perform.
amen sister! In fact, it probably shouldn't matter to the seller whether you EVEN work for a brokerage...it is all in the agent's ability to sell.
Cindy, Pretty much! The brokerage puts the MLS entry in, after that it's up to us!
Bill & Liz, this is such an incredible blog post! The flipper side of me wants to hug you two right now! I have a few REA's that constantly come to me with their listings rather than the types of houses they KNOW I am looking for. It is very frustrating. This post also helps me understand the "why the H E double toothpick they would do this too! Thank you so much! Any chance you'll be moving to South Central WI soon?
Laura, Glad to help, but I think we'll stay in Ohio :)
I left a mega office in 2007 and have never looked back. Our office today sells more than that office 2 to 1. I point out these numbers out in my listing presentation in a very respectful way...
Paul, Just reinforces the point doesn't it? You can bring the buyer from anywhere, any company's agent if you know how to price and market! The buyers truly don't care about the agent, just the home.
Yep, it is all about the agent now...but I still like being a RE/MAX agent, then that base is covered.
Dawn, Same here! For most people, the brand combined with what we do is more than enough to win the listing!
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