Are you finding that there are agents that input listings along with all information the buyer needs to go and purchase a home on their own.
Evidently they are doing this for a reduced commission as they are not providing full service to the seller. That's fine. It is the arrangement they have made with the seller. However, when they put the contact information so that the buyer does not need a REALTOR®, they are undermining our industry. We are paying fees to maintain a multiple listing system that is being used to potentially give away our business.
The drip e-mail system has worked wonders for some agents. I hesitate to use it because I have found listings that contain information similar to the one below (this is an actual remark I copied from MRIS, our system):
Internet/Public: $$$ BEAUTIFUL BRAND NEW WATERFRONT HOME ON 1.2 ACRES, OVERLOOKING LAKE ANNA. FEATURES 4 BEDROOMS, 3 FULL BATHS. VAULTED FAMILY ROOM, MASTER BEDROOM W/ SITING AREA, JET TUB & SEPARATE SHOWER. UPGRADED KITCHEN CABINET & GRANITE COUNTERTOPS. HARDWOOD FLOOR, CERAMIC TILE IN BATHROOM.PAVED CIRCULAR DRIVEWAY. PLEASE CALL DIRECT TO OWNER AT (XXX)XXX-XXXX)
This listing is for a $795,000 home. Would you mind if your buyer called the seller directly? Would you mind losing the commission? How would you ever know?
We, as agents, need the contact information and in our system there is a section for agent remarks. That is the only place that this type of information should appear when we share listings with clients.
Well, if you were a savvy buyer looking to save some money what would you do? I suspect there will be some that will take it upon themselves to call the seller directly. If this seller has already determined that the services of a REALTOR® are not that important to them, wouldn't it make sense that they would quickly entertain the thought of saving the buyer agent commission also? Makes sense to me.
That is why I do not send drip e-mail. It is a shame as this is a very helpful way to keep in touch with potential purchasers and does not require much effort at all.
Has this been a problem in your area and if so how have you dealt with it?
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If you or someone you know is thinking of buying or selling property at or near Lake Anna, please contact Kathleen "Kate " Elim. She lives at Lake Anna, knows Lake Anna, loves Lake Anna, and specializes in Lake Anna area real estate. Reach Kate at 540-226-1964 or by e-mail at lakeanna.kate@gmail.com. Be sure to check Kate's blog at her Web sites http://lakeannaandbeyond.com/ or http://lakeannacountry.com/
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