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I'm not so sure it's a good idea to "farm" where you live...

By
Real Estate Agent with Keller Williams Heritage Realty

When I first got my real estate license, the company I worked for used to say that each agent should have a "farm" area, walk it frequently, ask for listings in their farm and know everything about the community and the people who live there. They even suggested that being on the HOA Board or involved in community events was not only a good idea, but one that you absolutely should do. 

And so I did. For years.

While my business was growing by leaps and bounds outside my community, I was wondering why it wasn't doing the same inside my community...only after some serious soul searching, did I come to the following conclusions:

  • Not all Sellers like having their agent live in the neighborhood as they might be afraid that the Agent could know too much "stuff" about them, their kids or that pesky water leak they had last summer... 
  • Not all Agents earn the respect of their neighbors (AKA future Sellers). If you want a Seller to take you seriously, I would suggest that you are out of your pajamas BEFORE noon. If not...stay in the house or at least pretend like you've been up all night working when you come out to get the newpaper at lunchtime!
  • Not all Sellers appreciate knowing that their Agent can and will share with prospective Buyers what they know about the neighborhood, the HOA, the train schedule, the barking dogs, etc. If their Agent lives in the neighborhood, they are sure to know more than Sally Q at XYZ Realty, right?
  • Not all Agents like running for cover every time they pull into the driveway...hoping that just because it's 9pm on a Friday night and they haven't shown their neighbor's house that week, that they won't get egged getting out of the car.
  • Sellers and Agents alike might enjoy knowing that their "personal" time is private and that they won't have to worry about a knock at their door at some odd hour for some odd request.
  • By being involved on the HOA Board, a community Committee or participating in social events like progressive dinners, Bunko, Poker Night, etc...the Agent and the Seller are bound to have some personal interaction...and it might not always leave a positive impression.

I could be totally wrong, and I am sure there are MANY success stories out there related to agents farming where they live. If you have one, I'd love to hear it...I'd be especially interested in knowing how you communicate to your neighbor clients when you are "off the clock."

Posted by

 

Direct: (321) 377-0157, LaShawn@YourHomeOurPriority.com Certified Distressed Property Expert (CDPE), Accredited Luxury Home Specialist (ALHS)  & THREE-YEAR Five Star "Best In Client Satisfaction" Award Winner! Click HERE to visit MY WEBSITE!  

Priority One Homes Team @ Keller Williams Heritage, Offices in Lake Mary, Longwood & Downtown Orlando, Florida

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Patrick Lambert
ALLY Real Estate - Waikoloa, HI
Hawaii Real Estate Expert
I live in a small town, where everybody knows your name and your business. I can't escape it. I love the personal touch, though... without being too personal. I think that the sellers who know you can get a little out of sorts if they know your going camping with your family for the weekend and their house is not sold yet.
Apr 21, 2008 06:18 AM
Cree Quaker
The Machree Group, LLC - Woodstock, NY
Ulster County Real Estate
If I were a seller, I would rather not have someone know my personal business, but that's just me...I would pick someone from out of my area, but knows my area well enough to rep it.
Apr 21, 2008 06:20 AM
Maria Holland
RE/Max Homes & Estates, ABR,GRI, CDPE, SFR - Nashville, TN
Realtor, ABR, GRI, CDPE, SFR
I totally agree.  It works that way with good friends as well.  Sometimes they don't want to use you because they don't want you knowing their personal business.  It seems a little too close for comfort for some.
Apr 21, 2008 06:20 AM
Maria Holland
RE/Max Homes & Estates, ABR,GRI, CDPE, SFR - Nashville, TN
Realtor, ABR, GRI, CDPE, SFR
I totally agree.  It works that way with good friends as well.  Sometimes they don't want to use you because they don't want you knowing their personal business.  It seems a little too close for comfort for some.
Apr 21, 2008 06:20 AM
David & Lisa Webber
RE/MAX Executive - Crofton, MD
www.webberteam.com
I actually think I agree somewhat with what you are saying.  I have worked with neighbors before with success, yet I also had one who I was a pretty good friend with list with someone else.  In that case I heard it was because I knew about a suicide in the home and I think she was concerned that I would tell prospective buyers and it would be a problem.  An agent outside of the neighborhood probably would not be aware of it.  But the bunco was fun, wasn't it?
Apr 21, 2008 06:21 AM
Chuck Christensen
Your Financial Coach - Bellingham, WA
I do hate it, but have to agree with you. I do Mortgages, and I have had 3 real close neighbors refinance in the last year and didn't ask me to do it. They went to a complete stranger. 2 of them told me afterwords because they wanted free advise, and to know if they got taken to the cleaners. I was nice and looked over the GFE and told them both "yes you did", sorry you didn't come to me first. And they explained that because we are friends and neighbors, they didn't want me looking down at them or knowing too much of their situation, because they thought I would judge them. I never judge or talk about my clients....but they do and that is why they feel that everyone does.  But then again...it's always easy to find an excuse to justify ones actions and make themselves feel that what they did is ok.
Apr 21, 2008 06:24 AM
LaShawn Norden
Keller Williams Heritage Realty - Longwood, FL
REALTOR, (321) 377-0157, Your Real Estate Advocate in Central FL

Yes, Bunko is fun...but knowing which of your neighbor kids snuck out the night before is not...or, if there has been a domestic disturbance (not with me and my husband of course, because he is awesome!) but with one of your neighbor Sellers...oh my, I really think I might just stick to working "outside" the neighborhood. Anyone else have any GOOD reasons to farm where you live?

Apr 21, 2008 06:29 AM
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL
La$hawn - Another excellent post...  I haven't been successful farming my neighborhood, I've done better in neighborhoods that I don't live in.  Everyone loves my postcards, 4th of July flags, etc...  they just don't want their neighbor knowing their business.
Apr 21, 2008 01:05 PM
Stacy Magid
Century 21 New Millennium - Woodbridge, VA
I have farmed in my neighborhood as well and don't believe it has helped my business at all.  I haven't gotten any business from it.  I think you have some great points.
Apr 21, 2008 01:14 PM
Utah Dave
UtahDave.com Neighborhood Experts - South Jordan, UT
Homes for Sale - Utah

Hi LaShawn,

 I was curious about the same thing you are talking about.  In my previous neighborhoods....I didnt dare farm my area.

The one I live in now has been amazing.    There are probably 100 Realtors in my neighborhood but people are referring me to people they know.  They also are calling me.  Im selling more homes than any one in my neighborhood.  I dont even have to introduce myself...people know who I am and what I do because of my marketing and farming in the area.  

The other key to that too is that I am friendly and I serve on our local hoa committee.  The serving in our area has been key.  It shows you are in it for more than just the money.

 We are selling almost 20 homes  a year in this community of 1000 homes now after marketing it for about 2 years.  We are growing!

 

Apr 22, 2008 04:03 AM