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Quid Pro Quo... or Is This a Fair Trade?

By
Real Estate Agent with Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com TN License #326261

Quid Pro Quo..or Is This A Fair Trade?

Quid Pro Quo...or Is This a Fair Trade?Rick Snow asked us this month to consider what we trade in order to obtain information from buyers or sellers. In any exchange there is an understanding that both parties will receive something. In fact, that's literally what quid pro quo means, "something for something". That "something" can be goods--like groceries, or a new car--or it can be services like a house cleaning or an accountant preparing your taxes.

It can also be information.

At TW Realty Group the "something" we offer is exceptional information to prospective buyers and sellers. True, we might offer a home valuation tool in exchange for an e-mail address, but what we primarily offer is information that buyers and sellers crave.

What's going on in my community, or more likely, my neighborhood? What is my home worth? What amenities does one neighborhood offer over another neighborhood? Is it a buyer's or seller's market and what does that mean--to me? Thousands of prospective buyers and sellers visit our website every month. They very willingly give us their contact information because they know that we give them information that they won't get anywhere else. 

Unfortunately, it also means that we get lots of calls from people who are already working with other agents, or from those thinking that all the properties showing up on our website are our listings (we wish)! We sometimes get calls from other agents who believe we must be the on-site agent for new construction because we show up on Google before the development appears!

The "something" we give out is outstanding, in-depth information. Our thousands of visitors each month feel they are getting a great trade for the contact information they give to us. 

Posted by

TW Realty Group
 
Tom White, REALTOR®
Franklin Homes Realty LLC
(615) 870-8169
 

 

 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Belinda--Thank you, we talk about it all the time but local is where it's at!

Michael--A couple ingredients like that will take you a long way.

Dick--It certainly is a journey...getting off to the right start is so important.

Suzanne--We rarely burn any bridges with anyone, even people who don't use us. You never know what might happen down the road.

Paula--Isn't that the truth. Both Tammie and I hate cold calling and rarely do it--we'd much prefer them to call us. 

Kathy--Thank you so much. I'm really blessed to be working with Tammie! 

Margaret--The proof is the return rate. If they really like your information and the way it's presented, they'll keep coming back.

Debbie--The weeding is OK, even if it is a little discouraging at times. 

Myrl--At times it's a jungle out there!

Ed--We totally agree. Add in integrity, honesty and a few other goodies like that and you have a working model of a business we'd all be proud of!

Karen--Information is the Holy Grail these days. Everybody wants it...Now. Sorry, I mean yesterday!

 

Sep 23, 2014 11:36 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I think folks crave information.. and the more one can provide which address the buyers' or sellers' questions. the more likely it will be they provide contact information.

Sep 23, 2014 12:38 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
You me have to brush up on my Latin ipso facto. :)
Sep 23, 2014 01:04 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

People in your market know you provide outstanding information.  Once they've seen it they will be back again and again.

Sep 23, 2014 02:03 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Great post. There's only one problem...what am I supposed to write about for this contest?

Sep 23, 2014 04:07 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tom. I have gotten to know you and Tammie through AR. I know one thing for sure, any buyer or seller that works with you guys are pretty wise to do so. Great job with this post.

Sep 23, 2014 07:47 PM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

It sounds like you have your system down pat.  It is a game of give and take and I do believe you guys are doing it right!  

Sep 23, 2014 09:10 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Being a source is a form of success.Next step?..hone and fine tune it to optimum

Sep 23, 2014 11:36 PM
ReadySetLoan Team
ReadySetLoan Condo Team LLC - South Windsor, CT
Residential, Commercial & Condo Financing Experts

Hi Tom - yes...squid pro ro (Austin Powers).  Excellent job with your article.  It is apparent that the system you have created has been a successful one and a testament to "give and you shall receive".

Sep 23, 2014 11:48 PM
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

The TW Realty Group in Franklin TN certainly DOES offer a ton of information on local communities. One look at your sight and you can see the value you add for buyers and sellers!

Sep 24, 2014 12:28 AM
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Joan--Our thoughts exactly.

Laura--I only know a very few phrases in Latin!  That just happens to be one of them!

Evelyn--That is how we see it working.

Tammie--All I can say is, Good Luck!

Joe--Thanks, coming from you, I'm honored. Really.

Jared--It's always a work in progress, but we're getting there!

Richie--Always keep honing!

Eric--Very funny! Thanks!

Shannon--Thanks, as you know it comes with hard work--especially by Tammie!

 

 

 

Sep 24, 2014 03:08 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

I was happy to see this featured, Tom. 

Sep 24, 2014 04:43 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tom White - well, the life is nothing but a barter - get something and give something.

Sep 24, 2014 02:02 PM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing some of your success secrets. Have a most productive fall.

Sep 25, 2014 11:22 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Tom,

Congratulations on this well deserved featured post! Consumers love data and sometimes even if it's not your clients you can sway them to the community you serve and your listings!

Sep 25, 2014 09:33 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Tom

Trading is good . . . . as long as it creates value for both parties.

Good luck and success.

Lou Ludwig

Sep 26, 2014 11:46 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Tom, I think most customers get the "something for something" concept. Giving the customer outstanding and valuable info is for contact info is a fair trade.

Sep 27, 2014 12:42 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Tom, The thousands of visitors to your site each month definitely ARE getting a GREAT trade in exchange for their contact information.

Sep 28, 2014 02:41 AM
Roy Kelley
Retired - Gaithersburg, MD

I took the extra moments to 'like' the comments on this blog and hope that others will do the same. This adds some points and support for the bloggers who support us.

Sep 29, 2014 11:31 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Tom, you give a lot of buyers and sellers value through your website. Congrats on your feature! 

Sep 30, 2014 10:40 AM