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Suze Orman's Answer To The Biggest Mistake Realtors Make

By
Real Estate Agent with KASI Homes DRE #01489340

According to Suze Orman the biggest mistake that Realtors make when it comes to their own financial planning is sepneding money as it is made. She states that the problem here is that Realtors then get all crazy when the money stops flowing and start pressuring clients so that they get paid. Suze also syas that you close more sales when you don't need the money.

I too believe that more deals are closed when you don't need the money. When you focus on servicing clients and putting their needs first, I believe that your commission will be a natural by-product of good work. Sometimes the commissions just won't always come from the exact client that you are thinking of.

Posted by

Keisha Hosea, Broker

1-877-534-7421

KASIHomes.com

BRE #01489340

 

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Comments(9)

Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'
It sounds like Suze Orman dosen't think very highly of us Realtors. Have known you ever known pressure to work if buyer does not want to buy.
Oct 26, 2007 02:09 PM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
I do feel that buyers and sellers can feel desperate Realtors, better to just serve your clients and the money will follow.
Oct 26, 2007 02:16 PM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

I have to agree with Maria.  I am encouraging people to buy because now is a VERY good time to do so. In  fact its the best time to buy in the last two years... The pros in the field know this  but  people like Suzy Orman (who I've never thought of as the brightest light in the harbor) confuses encouraging a sound financial decision as trying to "force" a sale. Unfortunately, she has a "forum."

 

Oct 26, 2007 02:18 PM
Lisa Ryan
Callaway Henderson Sotheby's International Realty - Montgomery, NJ
Selling Princeton,West Windsor and Montgomery Town
I'm not sure I agree with Suze's logic on this.  A client probably couldn't care less if I needed the money or if I was flush with cash, the sales transaction is about them, not me, not about my financial position.  Like Missy writes, if a client senses desperation, they will run in the opposite direction. 
Oct 26, 2007 02:24 PM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
there is something about not working from a position of "fear" (no money) that makes things happen....
Oct 26, 2007 02:34 PM
Linda Schulte
Keller Williams - Alpharetta, GA

Keisha,

I couldn't agree more.  Just keep serving your clients and success follows naturally.  There is nothing WORSE than a realtor with Commission Breath!

Linda Schulte- Sold on Service!  Atlanta, GA

Oct 26, 2007 02:38 PM
Stacey McCarthy
McCarthy Real Estate - Philadelphia, PA
@SmartGirlsOwn
I agree. It's like the best time to look for a job is when you already have a job. I wouldn't pressure anyone to buy a house just because I need the money. I'm sure buyers think that way though.
Oct 26, 2007 02:39 PM
William Moore
Innovative Realty - Londonderry, NH
Its about the client, not the Realtor.  When that dynamic is out of whack nobody is well served.  The Realtor gets a "used car salesman" reputation and the client is disserviced.
Oct 26, 2007 04:15 PM
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Suze Orman has a point about not spending the money as soon as it is made.  It is an easy mistake to make in any business where there are peaks and valleys.  When I was a business consultant, I put money away when I had a good run and then drew on it when work was slow.  It's the same with real estate, except it took a lot longer to bring in the money (almost four years before I could make a living).  I do have to say that I've never pressured a client and don't consider my financial situation in working with my clients.  I believe if I do a great job and service my customers well, the money will come.  And it has.

Oct 26, 2007 04:53 PM