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13 Comments on Relocating--It's So Very Hard to Do!
Our outside buyers that don't know a lot about the area need that information first. Before shifting, moving into property listing selections they can afford with this, this and that for features they dream about. We do so many blog posts, videos on local community events for that reason to show and tell the area here. So the guy and gal on line can compare to where they are, what their experience has been in the past.
Hi Linda, Sounds like you understand the relocation buyer as well as the process of drilling down to find the right home fit for your clients. Well done!
I absolutely agree that getting information to folks ahead of time is crucial, but seeing things first-hand is so much more illuminating for most of my relocating clients. And I have trouble finding good sources for easy-to-read data about local areas.
Excellent.
Sadly, the relo companies pressure the relocating buyers to use their referral agency and often threaten to interfere with the buyer's relo benefits.
I've fought these companies for 15 years. Win some, lose some.
Linda,
Great post. So many relocating buyers have no idea all of the "blackmailing" we get from the firms for a large part of our commission. My least favorite is the ones that do not introduce us and just as we are writing a contract come in for a part of the commission - of course, it's their standard fee, not a reduced one even though they haven't been involved.
Priceless!
All the best, Michelle
I have fought those and only won them if my client was high enough profile to go to bat for me. I can usually save them more than what the relo company offers in perks, but it is hard to prove that!
I have moved three times with a relocation company involved and didn't realize they took such a large referral fee until I became an agent. I asked my agent, who is now my co-worker, about it and she said she never turns them down and is always happy to help. I guess it is the luck of the draw on the agent you get but I can see now how lucky I was. The one thing with a lot of these people that are relocating is they don't have a lot of time and they usually spend more than the average home price. I think that doing the best job for every client will help in the end.
Hello Linda:
In my corporate life, we relocated across country many times. Having a top notch agent is essential to help getting to the bottom of what is out there, neighborhoods, schools, and answer questions about specific neighborhoods with no other vested interest except helping their client. Relocation companies are only interested in collecting their fee.
Really great post. I always talk about the nuances of a neighborhood.
Being a relocation specialist, I'm keenly aware of the nuances of relocation; plus I've personally relocating professionally as well. My first question of referrals - does your company have a relocation package? If so, are you REQUIRED to use their realtor. Sometimes they don't think they can move outside that person. It's a question that needs to be asked because they'll push for their realtor, and don't know they can use their own. Great post!
Linda, good post, we ourserlves stopped taking relocation clients, preferring to work with a client on a one to one relationship without the intereference and paperwork demands for reports from a relocation company.
I remember when we moved here from the UK over 22 years ago our realtor was a god send helping us work through all the nuances of a move from one country to another, explaining all the differences between our system of buying a home and the US system.
This is a great post, Linda. This happened to a friend of ours. When they relocated they thought they were moving into the "perfect" community, school, etc. However, after being there for awhile they discovered that they did not feel connected to the neighborhood at all. It wasn't entirely the agent's fault, the family had to find something quickly due to certain circumstances and it actually caused them to jump into a deal they weren't really completely satisfied with.
In our resort market the relocation starts easy. First they purchase a condo as their winter get away. After they know the area they decide to sell up North and purchase something larger. For us, relocation for the most part is easy.