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Are You Thin?

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

It is not the first time I see on agents’ business cards that they serve 3 or 4 counties. It is like a wide net to catch as many customers that you can get.

I understand that market has changed and the way we work has also changed. With everything on the net, we can afford doing things we could not imagine before. We can immediately check county records, check court records and receive a lot of other information we did not have previously access to.

But even with all that, does it change the basics of Real Estate, and the fact that it is local. And it is local to the elements. One subdivision against another one, one community vs. another one, one neighborhood and how it is different from another one.

With serving 4 counties, would it be fair to say that the level of localism shifts to the municipality level. It is good when you at least know which towns and Thin Ice - Jon Zolskycities are in this municipality; and forget about neighborhoods, communities and streets or buildings if we are dealing with condos.

I recently wrote about a call I received from a fellow agent from Orlando. She had a client looking for an oceanfront condo, and the problem in Orlando is that they do not have ocean. She did not tell her client that she does not know the properties on the Ocean, and was trying to locate a suitable one of Realtor.com.

I have very difficult time believing in it. I mean I can sell in all 66 or how many counties are out there in Florida, but it does not mean that I know the market there. All it means that same laws and procedures govern Real Estate. And to do a good job we need to not only know the market at a community and neighborhood and even street level, but know it intimately, if you will.

I understand that houses are just houses, and having sold a few, you have an idea of the process. But then we could be selling anywhere n the nation and in the world. What the heck is the difference between the house in Alaska and in US Virgin Island? It is still the floor, walls and roof. But as a professional, will you really help your clients to make it a home.

When we show 3-4 counties on our cards, do we deceive the buyer that we really know that? I remember RainCamp in Orlando and the presenter told us how he had key URLs in different areas, and even different States and when people would call him thinking that this was his core competency area, he would immediately set them with some agent and get a referral. Sounded like a smart way of doing business, but it is only until you start thinking about the buyer, that is kept under the impression that he is talking to the agent who is a guru in the area he advertises. And I do not even want to dwell of referring to other agents, who you do not know, as this is the topic of another post.

As for that trick taught at Orlando RainCamp, I still feel like we were showed the bad example of disregard for a client. Professionalism is not only about getting leads. It is also about providing excellent service. Of course, excellent is always in the eyes of the beholder, but I doubt someone out there would convince me that this was the example of stellar service.

I thought that it went against the basic rule: real estate is local. You either know the area, or you don’t. And if you “serve” many counties, aren’t you too thin? And if you even cover states, do you exist and have your own footprint, or you are pulverized in such thin layer, that there is no longer a footprint?

Do you know when you are too thin?

* Image courtesy of U.S. Geological Survey via Flickr.com

Janet McCarthy
San Diego Homes Guide - San Diego, CA
Broker Associate

I really want business in my neck of the woods but I'll takebusiness anywhere and I think that's the message that agents are sending when they cast the wide net.  It's a tough market and it's hard to think small.

Feb 18, 2011 03:25 AM
Michael Simcock
Coldwell Banker (Elk Grove, CA) - Elk Grove, CA
Elk Grove, CA Realtor 916 425-1084

When placing clients with agents out of my area, always looks to see what areas they cover. If they list that they cover a huge area(like 1/2 of a state), then I pass and look for someone who works a specific area.

Feb 18, 2011 03:44 AM
Cory Barbee
San Diego, CA
Broker (760) 563-4022

Great post...I always say know what you know and know what you don't know...

Feb 18, 2011 03:51 AM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

So many great but different perspectives, and all so valid which goes to show that different areas and different Realtors have different business practices.  I agree with Lana about the Tampa Bay area.  I have been active for 21 years in the Tampa Bay area and work Hernando County, Pasco County Citrus County and parts of Hillsborough and Pinellas.  I know waterfront and the county lines are irrelevant.  I definitely agree with the spirit of this post about working outside the area of expertise.  In Hernando County we have chicken farms that are only active a few months of the year but do they SMELL when they are!  I feel sorry for buyers who are unaware of what they are getting into because someone hopped up I-75 from a southern county to sell in my market.

Feb 18, 2011 04:14 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Jon,

Great concept, and agent should certainly be very familiar with the area in which they do business, but there are a lot of variables.  For example, I've got PA, DE, MD, and NJ all within a half hour drive.  Agents almost have to be licensed in multiple states, not just counties, or risk losing clients who are looking in multiple states. 

So long as an agent knows the area they're working in, I think that's what counts.

Feb 18, 2011 04:20 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

I have put on a few after I quit smoking in 2007...so no...I'm not thin. lol.  I agree....speading oneself too thin is not an option here. Otherwise we have to fly to another island :)

Feb 18, 2011 04:23 AM
Bob Zorechak - ABR, GRI, e-PRO
Keller Williams Realty Metropolitan - Morristown, NJ
Sells Homes in Morris/Somerset/Hunterdon Cos., NJ

I work in 3 counties in NJ but the geography is such that the select towns that I work in those counties is similar to working the same amount of towns in a single county.  Does that make sense?  In other words the towns that I cover just happen to overlap 3 county lines.  Remember, NJ is small and highly concentrated unlike the larger states out there.

Feb 18, 2011 06:05 AM
Mark Brian
Silver Star Real Estate LLC - Anderson, SC
Anderson SC Realtor

I am kicking butt in 3 counties and have not been considered thin in almost 30 years! LOL

Seriously, there is a self imposed iron curtain at those county lines for me. Some buyers do not understand why I draw the line at the areas I know.

Feb 18, 2011 06:15 AM
Anonymous
Jaclyn kelley

I work all islands of the Florida Keys except Key West. The way of doing business there is just a bit different from the rest and I would prefer to refer my clients to a specialist in that area. The Florida Keys are an island chain 100 miles long. I serve 90 of those miles! But we are about 1 mile wide so I guess it's ok! If someone is asking specifically for the Lower Keys area I usually refer them but if they are also considering the Upper Keys where I am located then I work with them otherwise they would end up right back up here where they started only working with that person I referred them to!

Great post! In my area we do get agents from out of the area interested in selling here often and they do not always understand our customs or may not be a member of our MLS. That's just awful!

Feb 18, 2011 06:49 AM
#43
Ron Holborn
Short Sales, Foreclosures, Rentals, Income Real Estate - Anaheim, CA
Commercial & SFR, Anaheim CA, Real Estate & Short

Great post with good points Jon. However big the area you serve you want to be an EXPERT on that area and the bigger your area gets the harder it becomes to be an expert!

Feb 18, 2011 06:54 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

I guess thhat's the beauty of AR. I now know and understand way more than when I wrote the post. I now would have done a much bettter job, but I can't catch my own tail.

I now understand that it is not always the geography, and often the niche. Of course, if you sell rural properties, or homes in fly-in communities, it is not the county limits.

I now also understand that it is different in places, where one end of the street is in one county and the other is in another one, and same with State lines.

I understand that when you are specializing in Short sales, how you work with lender and Seller is more important than where the property is located.

Ii understand that economics of it dictate the area, and if there is not enough business here, we would go farther...

I should have figured in my post, that there is a difference when you are a listing agent, where it is more analytical, or you are representing the buyer, where intimate knowledge is a huge plus.

I should have expected that we might have difficult time defining "knowledge". For me it is still a question. You might know the area and have previewd houses there, and another agent can come from somewhere and all his/her knowledge is what s/he read on the MLS...

These are excellent comments, and they give so much food for thought

Thank you

Feb 18, 2011 07:02 AM
Sarah Pearce
eXp Realty LLC - Wiscasset, ME

We have large counties here so I stick to the ones around me..that does happen to be 3.5 counties but I am a coastal agent, also. It's more of a coast thing with me...but I do hate it when I look an agent up and they have listings hours apart. I know you don't know anything about that market.

There are markets you can know, though, Atlanta, for instance. Huge area, all kind of redundant. If I was there I would cover it all. Chicago, some of the same. Maine..I can refer...and I do. KW Maine has agents everywhere..thats why I am with them.

Feb 18, 2011 07:33 AM
Tricia DeSouza
HomeSmart - Scottsdale, AZ
Selling Scottsdale Luxury

Interesting post. Good to be aware of if you are spreading yourself too thin. It can be difficult and stressful trying to position yourself as an expert in an area where you are not one.

Feb 18, 2011 07:43 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Jon, this is a pet-peeve of mine. I work in one county. I know that county very well but I am continually criticized for that choice by other agents. I want to provide the best service to my clients. I do that by knowing my area well. Much better than agents in my office who work the 13 counties surrounding Nashville. If someone calls me about a condo in Nashville, I call an agent who knows that market very well and get the referral fee instead. I want to provide good service. I can't if I don't know the area well. 

Feb 18, 2011 07:48 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Four counties seems a stretch Jon, but if you like all that driving around, GO FOR IT.

Feb 18, 2011 08:03 AM
Jerry Morse
The Morse Company - Janesville, WI
BBA,GRI

I work 4 counties; but only the portions that are contiguous with the one I have my office in.  It is our normal market place and I know it well.  And, yes I agree, you should not travel uncharted waters. 

Feb 18, 2011 09:26 AM
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Breaking it down a little simplistically, listings I have no problem taking anywhere within about an hour or so drive, but working with buyers, I definitely keep it a lot more local.

Feb 18, 2011 10:33 AM
Brian Habel
HomeSmart Advantage - Saint George, UT

I'm glad I specialilze, gives those people something to go on.

Feb 18, 2011 12:54 PM
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Hey thanks for the good post.  I enjoyed the read.

I too think that agents should stay in their own area/neighborhood, so to speak.  There may however be some agents that truly know an area out of their back yard .  They could have lived there at one time perhaps and become familiar with it.

Those agents who try to work an area, just to potentially get a commission and yet not truly know the area are foolish I think. They should just refer it out to a local agent.

 

Patricia/Seacoast NH & ME

Feb 18, 2011 01:57 PM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

Hi Jon - An interesting question....Loved the comment thread - it was great..

I tend to agree with the fact that certain niches can send you away from a geographic farm in the traditional sense. That's what I have done. I have a couple of niche markets, but given the density of the area - I cover my own county and sometimes parts of the Bronx - particularly Riverdale.  I am more likely to cover parts of the Bronx than anything too far up-county because up-county is a very different market.  The niches I serve have been molded around the needs of buyer clients and then eventually have extended to listings.  Buyers want one-stop shopping and have no desire to agent hop from town to town.   But I don't venture very far beyond my county and tend to concentrate in the lower part of my county.

Bottom line - if your marketing area includes city loft space and farmland - you are probably spread too thin. If you can not  drive the entire range of your territory one- way on a tank of gasoline - then you are probably spread too thin. (Rural areas are an exception here.)  If it costs you $20 in tolls to cover your entire listing range - then you are A) a masochist and B) probably spread too thin.

Feb 18, 2011 04:52 PM