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Ask An Ambassador: Catch & Release

By
Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

When I was young my brother and I used to go fishing with cane poles and bobbers at Toledo Bend.  It was mostly little crappie, bluegill, sunfish and the like.  They were fun and had a lot of fight, but not too many of them were big enough to keep and eat.  We'd catch some, unhook 'em and then toss 'em back in the lake.

Flash forward a bunch of decades and I don't fish for fish any longer, but I still fish, and I still practice catch and release on a regular basis.  The difference now is what I fish for and what I use for bait.

There's no more squiggly worms or crickets on a hook now, instead there's patio homes & condos, new construction, homes with barns and homes with 3 car garages and finished basements and acreage and....let's just say there's as much variety as any good fly fisherman could make.

And some of those fish I keep, and some of those fish I toss back.

Don't get me wrong, I don't consider my sellers and buyers "fish", this is just an analogy for the process.

Our blogs and websites and IDX pages are the bait to attract the consumer.  We create the right "bait", content that appeals to people, they're going to pick up the phone and call, or click the Contact Form.

At that time, my blog and sites have done their job.  They've caused the initiation of contact.

Things still have to happen.

There's an assessment I need to make.

 

Do they understand what they want?

Is it something I can realistically help them get, or would even WANT to help them get?

Are there any red flags?  "when I looked at a home last weekend with my agent"...SLAM on the brakes....

Is there a gut feel that tells you they're trouble?

 

Roll these things together and I'm at a decision point.

Catch or Release?


One of the perks of having been in the business this long is it's often easier to detect who you should release before you sink hours and hours of time into an empty pond.

Instead, the goal is to stay focused on those we should catch.  Buyers that will actually buy, sellers that can actually be sold.
The more worth catching, the better our business and the overall quality of life as agents.  We all need extra time, and knowing when to release that "hot" prospect may be the key to getting what you need.

Until next Tuesday, just Ask An Ambassador if you need help!

Bill of Bill & Liz aka BLiz

 

P.S.  If your blog and websites aren't getting any "bites", it may be time to see if you need some new "bait".

Posted by

Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747

William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

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Comments(17)

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

This is so clever Liz and Bill Spear Bliz!  Catch and release.....blogging at it's best!

Oct 29, 2019 01:43 PM
Liz and Bill Spear

Blogging serves its purpose, then I have to decide what's next.

Oct 29, 2019 02:53 PM
John Henry, Florida Architect
John Henry Masterworks Design International, Inc. - Orlando, FL
Residential Architect, Luxury Custom Home Design

I just want to catch a few and hold on to them...  Thanks for the analogy and story!

Oct 29, 2019 01:56 PM
Liz and Bill Spear

All in due time :)

Oct 29, 2019 02:54 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Bill(and Liz too) - quite the storyteller.   

Oct 29, 2019 02:27 PM
Liz and Bill Spear

I've had some practice :)

Oct 29, 2019 02:54 PM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Hello Liz and Bill Spear .  Great analogy.  And yes I have thrown some back.

Oct 29, 2019 03:05 PM
Liz and Bill Spear

Self-preservation!  I released one today before I got too deep.  He already had a great agent.

Oct 29, 2019 04:22 PM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I LOVE to fish. Only I usually keep them and eat them. Nothing better than fresh Rocky Mountain Trout 

But when I get calls from my advertising from someone who wants investment property for under $200,000 with 4 bedrooms, I know I'm not the person to represent him. Great analogy!

Oct 29, 2019 03:28 PM
Liz and Bill Spear

Some people just aren't a good fit for our business model.  Hard core investors are not in my wheel house.

Oct 30, 2019 04:19 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Bill- another good analogy! I too love to fish. Love your last line about "new bait" for your website or blog. 

Oct 29, 2019 05:19 PM
Liz and Bill Spear

There's a fine line between persistence and patience and just not doing the right thing and having to recognize it's time to shift course.

Oct 30, 2019 04:19 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great post for a feature- congratulations - I love your thought process - focus on the buyers who want to buy and the sellers who want to sell! 

Oct 30, 2019 04:17 AM
Liz and Bill Spear

I can be patient, many of my clients are on a long time line, but I have to see a potential closing at the end of the process to justify expending time and resources helping.

Oct 30, 2019 04:21 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Great analogy!

One of the perks of having been in the business this long is it's often easier to detect who you should release before you sink hours and hours of time into an empty pond. Stay focused on those we should catch.  Buyers that will actually buy, sellers that can actually be sold.

Oct 30, 2019 04:25 AM
Liz and Bill Spear

We have to know when to cut our losses.

Oct 30, 2019 11:25 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Love the analogy of catch and release, and yes there were several over time I should have released...now I am wiser, I hope.

Oct 30, 2019 06:24 AM
Liz and Bill Spear

We all learn, sometimes quickly, sometimes the hard way :)

Oct 30, 2019 11:26 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Excellent analogy, as susual. We do need to know whether we should keep or throw back, in fishing and in real estate. 

Oct 30, 2019 06:30 AM
Liz and Bill Spear

We have to protect our time.

Oct 30, 2019 11:26 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Successful business practices takes committment from all players

Oct 30, 2019 07:49 AM
Liz and Bill Spear

And recognizing when the other side isn't is invaluable.

Oct 30, 2019 11:26 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

A clever analogy! I've had a few clients I should have released sooner than I did.

Oct 30, 2019 10:38 AM
Liz and Bill Spear

sometimes the gamble gets so large we don't want to quit.  70 showings later, HOPING they finally buy.

Oct 30, 2019 11:27 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Bill,
Jesus was a "fisher of men".  Agents certainly need to be fishers of clients.

Oct 30, 2019 10:51 AM
Liz and Bill Spear

He is a far better fisherman than I could ever hope to be.

Oct 30, 2019 11:27 AM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I love the analogy, Bliz!

I am reminded of my days of fishing for bluegill. I don't think I ever took one home. It was just fun to catch them.

Now, I am fishing for something to put on the table...well, after helping the client sell/buy, receiving a commission check and going shopping, that is.

Oct 30, 2019 03:23 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bill I have been away from the platform for a while but reading catchy titles with a good message to boot never gets old. Endre

Oct 30, 2019 06:46 PM
M.C. Dwyer
Melody Russell Team at eXp Realty of California, Inc. - Felton, CA
MC Dwyer-Santa Cruz Mountains Property Specialist

Fun analogy.    I'm about to "release" a potential buyer...

Oct 31, 2019 09:27 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Bill:

That really is a terrific analogy for the business and how blogging fits in. The photo is perfect!

I don’t enjoy fishing but do like the catch and release process!!

Jeff

Nov 01, 2019 01:22 PM