User86342_1_t Lara Travars Raleigh Triangle Marketing Strategies
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Protect your reputation by avoiding these Top 7 Blunders.

In challenging times, a high standard of ethics is more important than ever.

Few things are more embarrassing in the course of selling a home than to have a prospective buyer tell a client, "your agent isn't doing you any favors."

Clients in this market have enough to worry about without second-guessing their service providers. 

Appearing unethical, dishonest, or just downright sleazy kills your credibility. And in an industry where trust is integral to business, it can be a career killer.

Are you guilty of any of these Top Seven Career Killing Blunders?Raleigh Media Training, Raleigh Public Relations, Ethics Training - Top 10 Career Killing Mistakes in Real Estate and How to Avoid Them

 

1. Don't lie to your clients.

Lying to your clients is like lying to the media, your colleagues, your spouse or yourself. It's going to come back to haunt you.

2. Don't do a swap-out.

Telling a prospective client their asking price is perfect might get you that listing. But if you turn around a week later and insist on lowering the asking price before the listing has even hit the streets... or give a by-the-way, "there are tens of thousands of renovations that will have to be done before the home passes muster"...you're shipwrecking the way you're going to be perceived in the word-of-mouth that's soon to follow.

3. Don't take on more than you can understand

Unique characteristics are often the only way a house is going to stand out among a slew of similar price points. If you don't know how to sell something unusual, leave it to someone who does. Saying something's fantastic when you list, and calling it a detriment as soon as you turn your back, is not going to make a happy ending.

4. Don't generalize. 

If a home you've listed hasn't sold, "price and condition" may be your standard answer.  But before you start use the same line with every client, take some time to truly analyze the situation.  Is there any kind of "extra" marketing you can leverage?  Step outside the box, and brainstorm with a more experienced agent (or an online networking group).

5. Don't get caught using bad information. 

If you're comparing the price of your listing with recent homes sold, make sure you use the same comps that an appraiser will use - and if you're not sure what those comps are, ask an appraiser.   If you show comps only from the other side of town or of homes that don't compare, you'll lose credibility.

6. Don't devalue the property.

If the property comes with extras, everything has value. Don't be demeaning about that tennis court, pool or extra couple of acres, just because it's going to take extra effort to comp - or even to sell. Use something different as a unique marketing advantage and a way to stand out from the crowd - and let your client know how you're going to do that.  

 7. Don't underestimate their intelligence.

Just because you know a lot doesn't mean nobody else does. Treat your client like a peer - whether they're wealthy executives or barely scraping their way into a home. Don't take advantage of anyone who hasn't done their homework. And listen carefully to someone who has. Make sure that no matter where they're coming from, you're giving them the kind of information they need to make a decision - and let them make it.

Raleigh Media Training, Raleigh Public Relations, Ethics Training - Top 10 Career Killing Mistakes in Real Estate and How to Avoid Them 

In this market, word of mouth may be your best way of keeping your business strong. Make sure the brand you're building for yourself is one you're proud of, with honest, ethical, trustworthy strategic communications that won't kill you.

 

 

 

 

With 15 years of media experience as a news reporter, media trainer, crisis communications coach and message development expert, my goal is to help you get your message right to all the people you need to reach.

Raleigh Media Training and Public Relations - The Travars Group Communications Counsel Strategy Coaching 

Lara Travars at The Travars Group 

Helping you sound smart and stay out of trouble with communications counsel, strategy, message development and media training in the Raleigh/Durham/Chapel Triangle - and across the country.   

 

 

 
Post is included in group: North Carolina Real Estate
Post is included in group: RealtorsĀ®
Post is included in group: More Referrals! Client Referral Strategies
Post is included in group: Coaching and Mentoring
Post is included in group: The Art Of Marketing You

13 Comments on Just because the market is murder doesn't mean you have to kill yourself - Top 7 Career Killing Mistakes And How to Avoid Them

Keeping it real.  Great points.  Our market here in the mountains of WNC is very challenging at the moment. 

05/23/2008 05:06 AM by Susie Blackmon-Maggie Valley Waynesville NC Realtor/RE Blogger/Photographer (COLDWELL BANKER Kasey & Associates)


Lara, these are great points and ones I wish more people would follow.

05/23/2008 05:08 AM by Lisa Friedman Central New Jersey Real Estate (Pinnacle Realtors)


Lara, these are great points and, like Lisa said...ones that more people should follow. It's hard enough out there without shooting ourselves in the foot!

05/23/2008 05:15 AM by Linda Scanlan (A Fan of AR)


Lara, Thank you for the post and all of the wonderful points.

Don R.

05/23/2008 06:02 AM by Don Rogers REALTORĀ®, CRS O'Fallon MO & St Charles County MO homes (RE/MAX Gold)


Thank you. I agree with everyone's comments. Great points- thanks for putting them out there.

05/23/2008 06:30 AM by Rob Muller - ABR, ASP, RCC, CNHS, LREA Cherokee County Real Estate (ReMax Town & Country)


Good advice. In this business, or any for that matter, our reputation is our greatest asset.

05/23/2008 06:41 AM by Gary Waters -Real estate agent Viera Suntree Melbourne and Rockledge FL (Century 21 Baytree Realty www.moving2brevard.com)


Lara, these are some great points for protecting our reputation. In our business reputation is everything. Thanks for sharing.

Good Post!

05/23/2008 09:36 AM by Michael Setunsky (Michael's Commercial LLC)


These seem like pretty standard things, but it just amazes me how many people do the things on this list.

The one thing I really don't agree on is calling an appraiser for comps. In my experiance (here in Saint John,NB) they don't really use what us agents consider a comparable homes. We had an appraiser do a presentation for us one morning at our business meeting and it just proved to me that determining market value of a home is best left to an agent.  As agents in Saint John, it isn't surprise to have an appraiser or a bank call us to find out what a home is worth (market value). I am not discrediting what appraisers do, but around here I wouldn't call an appraiser to set the price of my home.

05/23/2008 03:21 PM by Luther Harrity - Saint John, Rothesay, Hampton, New Brunswick Real Esate (Royal LePage Atlantic)


Amen to all of the above!!  If our words speak volumes about us and how we run our businesses, then I wonder if we took a deeper look.... would we like what we do and who we are?  There is simply not a better indicator of a person than the words that come out of our mouths!

05/23/2008 07:17 PM by KRISTA INGRAM (KELLER WILLIAMS REAL ESTATE, LLC)


Great post.  Honest communication is probably one of the most important qualities in a Realtor.

Once you lose your reputation, you can never get it back.

 

All the best!

05/23/2008 07:27 PM by Kevin O'Shea, White Plains, NY Real Estate (Homes of Westchester, Inc.)


Great Post, things we all know but seeing it in writing really helps to remind us.

Have A Great Day

05/24/2008 10:36 AM by DORIS FREEMAN Realtor Hendersonville-Nashville (RELIANT REALTY LLC)


Your posts are so easy to read and I always find something I can use. Thanks.

05/28/2008 07:47 PM by Pam Holzem (Keystone Real Estate on Main)


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Real Estate - Other: Lara Travars Raleigh Triangle Marketing Strategies (The Travars Group)
Lara Travars Raleigh Triangle Marketing Strategies
Raleigh, NC
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