Special offer

INDECISIVE, KNOW WHEN TO LET GO

By
Real Estate Broker/Owner with A-Z Atlanta Realty GARE#284610

I am a very patient person and I will do all I can to help, but I don't like having my time wasted.  A year ago, I had a client like no other and I have learned a lesson from this client. 

The lesson I learned is, never be afraid to let go.  My broker assigned me a client to work with and I did my buyer counseling with this client and found out that she had great credit, she knew what she was looking for in her new home, she wanted to put 20% down for her new purchase and she previously owned a home.

I thought to myself this one should be easy, she wasn't asking for a lot, a 4 bedroom house with a separate living room, dining room and family room.  She wanted to spend no more that $170,000 on her purchase.  No problem we can do that, let's just decided on her area of choice.  She told me anywhere in Gwinnett County.  Again no problem, at she had many choices, Snellville, Buford, Loganville, Lawrenceville, and Grayson.

We talked about school districts for the purpose of resale value, she has no children, and I worked tirelessly to find what she was looking for.  I found it; my broker took a new listing in the subdivision that first attracted this buyer's attention.  This property had everything she asked for including a pool and a large backyard. 

This home was very inviting to my Buyer Client; she said so herself and she wanted this property.   This Buyer client was however a little concerned about the type of siding on the home, so she asked a friend of hers to come and give her his opinion.  Once her friend addressed the concerns she had, she placed an offer on the house.  I thought okay, let's get this one closed. 

One day later, I receive a call from my Buyer Client to say she changed her mind, she didn't think she wanted a pool.  Okay, I let my broker know what's going on and he allows her to withdraw her offer. 

I continue working with my Buyer Client.  We went out looking at homes from Northern Gwinnett County to Southern Gwinnett County and we saw many homes to fit this clients wants and needs but some how they just were not the right homes.

I placed two other offers each time she backed out and lost money, but when I counseled her asking was she truly ready to purchase at this time she stated she was.  So being a rookie I keep showing her homes, even taking her out on Christmas Eve with my daughter in the backseat because she went to a neighborhood she liked and I thought this could be the one.

In the end she decided she wanted the original house again then backed out of that property for the second time.  Now she's backed out of purchasing four times.  She finally realized she would lose more money, but she said she still wanted to buy so she wanted one more chance there was another home we looked at that she would definitely go with. 

Before I wrote the contract, I asked her if she was sure and she said she was.   I wrote the contract and she signed, we had the inspection and after the inspection she decided she did want to buy after all.  The items found upon inspection were all cosmetic, no defects were found.  Yet, the Seller agreed to fix the items she wanted fixed. 

My buyer client was not happy with the way the repairs were completed and wanted the repairs completed in a more professional manner.  The Seller agreed to this after all it was two days before closing, and this Buyer Client still walked away.  The closing package was sent to the closing attorney's office and everything.  I should have let go after the second time she changed her mind.  I did not, so I wasted 5 months, working with someone who was not ready to buy.

I have had other indecisive clients though not as bad.  Now, I recognize this when I see it and I choose to let go of these clients.  If it's a Seller I will tell the Seller I don't think you are ready to sell, I think you should take your home of the market.  If it's a buyer I usually ask them if they are sure they are ready to purchase, and tell them I have tried to satisfy all of their requested and I don't feel I can help anymore.  I tell my clients take our counseling sessions as time to decide if this is something you are up for. 

Our time (mine and yours), is to be valued and respected.  Buying or selling a home is big decision, so think it over know the pros and cons before you wasted your time and mine.  .

Avalugg.com

Posted by

Dedicated to providing you superior service!  Contact me if you are interested in buying or selling and  I can help you with your short sales too! I won't tell you I have lots of real estate awards but I will provide the best service available to you as my client whether you are buying or selling.  I am never too busy to answer your calls or your questions!  Call me to help with your real estate needs in Gwinnett, Dekalb, Henry, Clayton, Rockdale, Newton or anywhere in the Atlanta Area!

 

Ava Anderson
www.a-zatlantarelocation.com
A-Z Atlanta Realty
Direct number 770 369-5121
Follow me on Twitter: @avasellsatlanta
Like me at http://www.facebook.com/AtlantaRealEstateAgentAva

 

 

Carol Spengel
Prudential Rubloff - Wheaton, IL
Wheaton IL
This happens all too often.  We tell ourselves, "if I don't work with them somebody else will and I have put in so much time in already." But the negative energy, stress and extra work aren't worth loosing the next lead.  It's hard, but sometimes it's a must.  Sherry
Feb 03, 2007 09:46 AM
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Ava - I've had to re-learn the lesson of "letting go" a couple of times recently.  And boy it sure felt good when I did let go.  Gosh, I wish I'd done it sooner in both situations!!

Ann
                                                                        AnnCummings.com

Feb 03, 2007 11:41 AM
Brande Bradford
Keller Williams - McDonough, GA
Realtor

I am in the process of learning about letting go.  I have two listings that I wish I had never taken.  Here is the weird part, its not the sellers driving me crazy.  It is their friends who I know.

I am always being told that this person said that and visa versa.  It is high school stuff that I just dont have time for, but yet because they were referred to me by these friends, I feel extremely obligated.

If I was to let go, I would lose a steady stream of referrals, as these friends are in the real estate business as well.  Do I just suck it up or do I tell them I appreciate the referrals, but because of our relationship I feel that its best they go somewhere else?  I really doesnt sound like the right thing to do, but goodness they work me to death, and of course until that house is under contract I havent done anything right.

Feb 03, 2007 12:12 PM
Ava Anderson
A-Z Atlanta Realty - Snellville, GA
Selling Atlanta from A-Z!

Ann-

Think it's something we have to remind ourselves of constantly, and yes it does feel good when we let go.

 

Brande-

You are in a tough spot, you really don't want to lose that stream of referrals, but you have to express what you are feeling.  Maybe you should talk with the friends and let them know how you feel and that you are capable of getting the job done.  It's all in how you say it, not to mention if working with your sellers is not the problem then they should not suffer.  I am curious to find out what you decide to do.

Feb 03, 2007 12:30 PM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

ava,

I was going to blog about a recent client whom I stayed with one home too long, wa-a-a-y too-o-o long, but I think you had her mother who taoght her everything she knows...

LOL in empathy...

Feb 04, 2007 12:39 AM
Ava Anderson
A-Z Atlanta Realty - Snellville, GA
Selling Atlanta from A-Z!

Mike-

Isn't it good that we can laugh at this.  Thanks for commenting.

Feb 04, 2007 02:22 AM
Irene Potter
ZipRealty Residential Brokerage - Maple Valley, WA
Creating moving experiences in real estate

 Hi Ava:

Great topic I've been very experienced with (unfortunately!)

 One real estate broker that I've worked for put it very well: in the time that it takes you to work with one client like this, you can work with 3 or 4 others who don't have issues. Nevertheless, I seem to get at least one pf these per year (just to keep my toe in, perhaps :-) The warning signs are:

 1. Eyes are bigger than their budget

2. Resisting expert opinion when it's given.  It's very tough to get someone to closing when they won't listen to our recommendations since trust is lacking.

3. Well meaning friends and relatives whose opinion is allowed to undermine the natural process, an issue only if the client needs external validation.

4.Qualities of desired home become a moving target. Buyer frequently changes mind and when you find the ideal home that was previously discussed, there's always something wrong or there's just one more thing...

5. Can't compromise. The process of give and take is crucial to the purchase and sale of a home and those who can't make concessions can't close.

I'm sure I've missed something--would love to see other people add lists of their own.

Feb 04, 2007 04:29 AM
Lanette Branch
Taylor Properties - Bel Air, MD
Bel Air, MD Real Estate Agent

Ava,

Been there, done that, not going back! 

I think I had your client's sister a few months ago.  I had to kick her butt to the curb. I should have done it sooner, though.  We went through 5 months, 4 ratified contracts and 4 releases.  She finally did buy with another Buyer's Agent on a property I wrote an offer on just 5 days before the other agent wrote the offer. 

Can you say "Mediation"--puh-leez!

Feb 04, 2007 09:07 AM
Ava Anderson
A-Z Atlanta Realty - Snellville, GA
Selling Atlanta from A-Z!

Irene-

I like your list.  Especially, 4.Qualities of desired home become a moving target. Buyer frequently changes mind and when you find the ideal home that was previously discussed, there's always something wrong or there's just one more thing...

Lanette-

Yeah it sounds like you had her sister.  Just curious did you have a buyers agency contract with her?

Feb 04, 2007 09:18 AM
Lanette Branch
Taylor Properties - Bel Air, MD
Bel Air, MD Real Estate Agent

Yep, I had a signed Buyer's Agency Agreement with her.

We did an offer on the home she eventually bought with the other realtor and it was rejected.  Of course, she undercut the list price by 10K and asked for 10K in seller help.  The home was priced right and was actually on the low end of recent sales-uggh!  The sellers were with Mr. Lister (ugghh!) and were all too happy to accept the offer from the other realtor (just days later) that was 1K more than list price.  I fired her after she didn't want to come up on the price after the rejection.  I'm so glad I'm not working with her anymore and I would honestly have let it go completely with no regrets ,but if she thinks she's getting away with this (the same damn property?) she's got another thing coming.

It's just so sad because she was referred to me by her mother who is a perfectly sane woman that worked with me earlier in the year!

Feb 04, 2007 09:37 AM
Vanessa Plante-McDonald, MBA, REALTOR® - Cash Rebate to ALL My Buyers!
Bethel Equities, LLC - Laurel, MD

I once had to fire a client. As a mother, my time is valuable and it wasn't worth her antics!

Aug 13, 2007 02:56 PM
Ava Anderson
A-Z Atlanta Realty - Snellville, GA
Selling Atlanta from A-Z!
Vanessa:  I can totally relate and I no longer waste my valuable time.  It's not worth it, what's for me is for me.
Aug 14, 2007 07:45 AM
Vanessa Plante-McDonald, MBA, REALTOR® - Cash Rebate to ALL My Buyers!
Bethel Equities, LLC - Laurel, MD

Service to God and Family come first. All other trivialites are put aside, that includes people too!

Aug 17, 2007 11:21 AM
Ava Anderson
A-Z Atlanta Realty - Snellville, GA
Selling Atlanta from A-Z!

Vanessa: Amen!

Aug 17, 2007 12:29 PM
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy
I think I might have told her that she owed me a commission... what, four times?
Aug 18, 2007 02:15 AM