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TAKING LISTINGS!

By
Real Estate Agent with RE/MAX Integrity

My way of taking listings is no big secret, so let me share with you.  In my past career as a bartender I learned some great skills such as listening to what my clients had to say, and paying attention to their needs.  Learning early on how to use their body language to both their, and my benefit, proved a huge key to a successful career in the food and beverage industry.

Today, when I go to a listing appointment, the same thing holds true.  I will typically have the client show me through there home while asking what improvements they have made, and what about their home makes it special to them.  "THEN I LISTEN"!  Most people are ready with an argument as to why their home is better than anyone else's.  Don't forget, "PAY ATTENTION AND LISTEN TO WHAT THEY HAVE TO SAY"!

As we sit down at their kitchen table I may ask them what they think their home is worth.  Most say they don't know and have called me to find the answer to that question.  The reason I ask the question is that I want to be armed with all the possible information when I do my Market Analysis.  What they expect to get for their home is definitely valuable information.

While at the table I may hear things like, "our bottom line", "we have to get this amount" or "we had the home appraised in December of '06 and it was worth X"

When I go back out to their home after constructing my analysis, I try soften the blow about past value gone by sharing the history of my own home.  I had it under contract for full price in March or '07 and then had the buyers withdraw from the purchase as the media repeatedly told their listeners that it was a terrible time to buy, and that prices were "plummeting".  When the offer was accepted at $230,000 that was the market value at that time.  today my home is worth $159,000, and that may be optimistic.  I let them know that I will do my best to meet their needs, but that if their needs are unrealistic they may be trying to swim up a waterfall.

I listen, I counter and I pay attention.  My consumers need to fully understand why their needs are not realistic before they can go forward in a constructive manner.

How do you all handle difficult sellers?  I would love to hear your suggestions.  Thanks to all my Active Rain Friends!

Posted by

Colin Call, GRI, ALHS, BrokerMore Than Just the Red Glasses

(541) 579-1615

4710 Village Plaza Loop, Eugene OR

colincall@remax.net

 

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

You are right, if you let your client talk, they will disclose a lot.

Dec 26, 2011 02:33 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

It never ceases to amaze me that the same clients often have such an upward distortion of their home's value and the exact opposite distortion of homes I show them to buy. 

Dec 26, 2011 04:52 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Hey, Colin!

 

I included this post in Last Week's Favorites.  Have a Happy New Year!

Jan 01, 2012 02:14 PM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Colin, real estate is all about numbers and emotion. Your listening skills combined with your compassion for the seller's perception of reality is what will make a difference for your clients. In the same way, your sellers will learn to listen to the buyer's perceptions.

Jan 01, 2012 02:17 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Colin, I spend a great deal of time on the phone prior to the actual appointment asking same questions, taking lots of notes and do lots of listening.

Wishing you much continued success in 2012.

Margaret

Jan 01, 2012 03:08 PM
Nina Rogoff
Boston, MA
Wix Websites for Real Estate Agents

Colin, sharing your experience in trying to sell your own home is a great way to help sellers "hear" that you understand. I have had some wonderful sellers who do exactly what I suggest and are extremely pleased with the results. Others are more challenging, particularly if they bought when the market was high and are selling at a loss. They know it intellectually, but emotionally it's hard. The only thing I've been able to do is to point out that when they are selling low, they are usually turning around and buying low. I try to help them see that throughout the lifetime of buying and selling houses there will be ups and downs. The most challenging situations that I've encountered are with sellers who tell me that if I won't list their house for the price they want to list at, they won't give me the listing. I say "no thank you" in those situations. Sellers hire me to sell their home, not just to keep it on the market with a sign in their front yard. If it's unrealistic (and I don't mean just off slightly) I cannot be successful for them or for myself.

Jan 01, 2012 03:09 PM
Mary Macy
Top Agents Atlanta Metro - Roswell, GA
Top Agents Atlanta Metro

Hey Colin, it is about shutting up and listening to them.  They will tell you everything if you just listen.

Jan 01, 2012 03:25 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Colin:

Listening is the key, and observing their body language is important to note, too.  They may say one thing but indicate something else by their body language.

Jan 01, 2012 05:06 PM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Colin,  Listening is a critical skill in more situations than just taking a listing !  Good selling to you !

Jan 02, 2012 02:38 AM
Colin Call
RE/MAX Integrity - Eugene, OR
Principal Broker

Thanks everyone.  I don't know if you noticed, but the common theme here was "listening".  I am listening and I hear you.  Danke Schoen!

Jan 02, 2012 05:39 AM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Colin, 

I love the key point here to listen.    Like you said, then we owe the potential clients our honest assesment, which may or may not match what we heard them say.  

All the best, Michelle

Jan 02, 2012 12:00 PM
J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

Colin,

I tended bar myself in a past life. It was tremendous expereince- and for that period of my life, the best job I ever had until that point. I concur- make people comfortable, don't delve into religion or politics, and meet their needs. THEY WILL TELL YOU- just listen. 

Great stuff. 

Jan 02, 2012 12:33 PM
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Jul 20, 2012 02:39 PM
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