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Fishhawk Lake Real Estate-Be Careful of Realtor Speak

By
Real Estate Agent with John L Scott Market Center 700512026

Did you ever notice that if you go to see a doctor, he or she starts talking in acronyms or "medicalspeak", using words that you have never used in your everyday language?  Do you get lost soon after, "tell me about your symptoms"?

Well, the same thing can often happen to your real estate clients when you start throwing words around like "concessions", "pre-approval", "contingencies"....!

Pay attention to your clients, because if they start to get that glazed over look, they may not TELL YOU that they don't understand, but you could lose an opportunity to not only educate, but keep them as a client for more than just one transaction!

I find myself still learning the real estate vernacular and adding to it almost daily. It feels wonderful to be a guide, not only through the house hunting maze, but through the copious amounts of verbiage that could stop a moose in his tracks.

The next time you're casually throwing out real estate terms, loan language or other words that are so familiar to us, then, step back, listen to yourself and think about what it would be like to hear all of these "new" words for the first time. It will give you some perspective and allow you to see the whole experience through a new client's eyes.

 

Jill Saddler
Draper, UT
Draper Utah Real Estate Professional - 25 years+!

Great reminder and so true! We're probably all guilty of this at some point... :)

Feb 24, 2014 11:43 PM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Margaret, thank you for sharing that.

Lynn, I find myself STILL wondering exactly what a term means. Sometimes, we get so used to things, we get lazy about really thinking about what that acronym or term actually stands for. 

Colleen--HYSTERICAL!!!

Joan, I remember when I was studying for my exams, I was so worried if I would recall all of these. I even occasionally look up what an acronym/abbreviation is on MLS because it may not be one I use. 

Laura, honesty all the way.....ALWAYS

Heck, Joe, when someone is speaking in loan lingo, I sometimes just defer to my loan expert and send those people right to HIM. Much easier for him to explain, than me, sometimes.

James, oh my, you are so RIGHT!!  I love your take on this.

 Rich, I think that attorneys do much the same thing with their clients. Litigation, class action suit,....you get the idea!

A&J~Just a gentle reminder, then....

Sheila, you're with me on this one, good!

Rob, the ABCs of real estate are sometimes called for...and going really slowly....

Michael, it was foreign to ME while studying it, so I can certainly empathize with people who don't ever use it. It takes practice. 

Paul~wonderful! Thank you for taking this to heart. I appreciate your candor.

Richie, yup, that learning curve can create some unclear moments, til the fog rises and clarity sets in.

Jill, yup, we are....

 

Feb 25, 2014 12:16 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Happy to see this on the feature roll today. :)

As usual, I agree wholeheartedly with you.  We don't need to dumb it down, but we sure do need to put things into a language that doesn't require a special dictionary.  Which reminds me, builders need to have a glossary for buyers explaining what a corbel is, or board and bat, or bla bla bla. I look at the dazed look on buyers eyes when builders try to describe how the exterior elevation of a home is going to look.

Feb 25, 2014 03:35 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Debb, I'D be one of those, most likely, TOO! Having never dealt with new construction, I am definitely out of my comfort zone.

Feb 25, 2014 04:46 AM
Mike Mitchell
Kee Realty - Saint Clair Shores, MI
REALTOR (R)

Hi Gayle, that is so true! We tend to use a lot of acronyms in the industry. I wrote a post about all of the acroyms a few years ago, may be a good time for me to revisit / repost it! 

Feb 25, 2014 08:48 AM
Larry Thompson
Sierra Pacific Mortgage - Knoxville, TN

I agree Gayle, any type of industry specific "speak" can soon turn customers eyes a glaze. I find it's always best to break things down to their most simple form.

Feb 25, 2014 10:25 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Gayle, you are so right, it's a language we understand well but most people don't have those real estate terms in the everyday vocabulary!

Feb 25, 2014 11:17 PM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Gayle,

I totally agree as we do this as Realtors and I am guilty of this sometimes. I sometimes get a funny look while explaining something and then realize I need to regroup and explain in basic English terms and then I see a sigh of relief on their face. 

Feb 25, 2014 11:49 PM
Travis "the SOLD man" Parker; Broker/Owner
Travis Realty - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

I have a sheet with terms that I give out as well as have them on some of my websites.

Feb 26, 2014 12:29 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Gayle, this is a good point. We also have a glossary of terms that we share with buyers and sellers.

Feb 26, 2014 01:58 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Gayle - The danger is that people won't speak up when they don't understand. They don't want to appear "stupid" and somehow think they should know what you're saying. And then of course they'll resent you a bit because you caused them to feel stupid in their own minds.

Feb 26, 2014 02:07 AM
Grace Kreykenbohm
Dexter Associates Realty - Vancouver, BC
The Know-How and Trust you want.

Well Said... In particular when dealing with a First Time home buyer.  They are often too polite or embarassed by not understanding the terms we use frequently in our profession. I like Travis' idea!  Having a Realty Term sheet - I believe I will include this in my Buyers and Listing Packages.  

Feb 26, 2014 03:40 AM
Mike McCann Nebraska Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm & Commercial Property For Sale 308-627-3700

Great points Gayle.  I always ask my client if they understand certain words as I want them to be fully engaged and knowledgeable. I also have a sheet that I put in there packet with explanantions of certain words.

Feb 26, 2014 04:31 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Ha, great point....and had to smile at this since at this writing I am in the hospital and the dr started using terms I didn't know...and I stopped him and asked what does that mean ... He started to talk to me in layman's terms.

Feb 26, 2014 11:37 AM
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

Gayle, you are so right! I have a friend who is always speaking in what I call-Consultantspeak-and quite frankly, she uses so many prepositions and terms that are remote-this kind of language creates distance between people!

Feb 26, 2014 12:49 PM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Should you be responsible when people fail to inform you that they don't understand what is being discussed? I don't think so. 

Feb 26, 2014 07:25 PM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Mike, I hope you did and can share it in an updated blogpost.

Larry, once the eyes glaze over, we've lost 'em!

Mary, nope, they don't. Can you imagine real estate terms interspersed in our everyday language? Boring! ("So, Joe, how's your contingency doing today?")

Kristin, me too! It's great to check in with them, either verbally along the way or watching for nonverbal communication.

Travis, so simple, and what a great idea! (I would love to see a copy of that).

Sharon, you and Travis both are very smart. I have to do this.

Marte, and that would definitely set a burgeoning relationship back. 

Grace, I had an aha moment with Travis' idea, too!

See, Mike, that's 3 people now who've commented about having a vocabulary/terms sheet. Gotta do that.

Oh, Rebecca! Well, I worked in long term care for ten years and hung out with all of those professionals. I called myself a nurse by osmosis! 

Joanna, and that's the last thing we want to do with our clients is created distance. "Terms that are remote", I like that.

Kimo, you're right, it is a shared responsibility. But, since I've almost always been in  a service-oriented business, I guess it's up to me to read my clients' needs, maybe even before they voice them.

 

 

 

 

 

Feb 27, 2014 12:44 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

I think all people can fall into this trap around what they do.  Many people have some understanding of real estate issues, but we still have to dial it back and talk to them and explain things.

Feb 28, 2014 02:58 AM
Jordan Gouger
Keller Williams Realty Inc. - Austin, TX
Helping you to achieve your housing goals!

I think that every industry has its own set of jargon and acronyms. It is our job to explain things in plain English to people or risk confusing them.  

Mar 08, 2014 11:42 AM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Gene, even when they think they do, they sometimes don't. 

Jordan, I agree. It's like when I get a techie on the phone regarding my computer problem, I have to say, slow down, explain, please! 

Mar 09, 2014 04:17 AM