Special offer

Relationship Building in Real Estate: Don't Be Pushy

By
Real Estate Agent with The Real Estate Power Houses

From what I've learned about "systems" if you push the system to get what you want, the system pushes back, until you find the right leverage to get results. In this case, if an agent pushes his lead management system to get immediate results, the system pushes back.

Leads are set up to receive information and then, in their own time, act on that information and hopefully use your services.

The real estate agent might be looking at it as a business generating tool. The consumer, however, hasn't committed to anything-they are requesting information.
If an agent misunderstands the system and pushes it for immediate results, the system the leads work within and understand differently might push back.

It seems to me an agent has to develop an understanding of the lead's system, keeping in mind that no relationship has been built and no agreements made-the agent has to find leverage.

With my leads, I understand they have read my offer to give them information. They say, "Fine, give it to me."

That doesn't create an obligation on their part to do anything further. I then have to search for leverage, which is my added value in the process.

...Ok, I've sent you listings, now do you want to know what those listings mean in the context of the area? I can add value through interpretation. I have local knowledge and I can transfer that knowledge to you to help you make a fully informed decision...

...Dear Lead, Do you want to know the truth? I can add value by giving you facts, by making the process transparent. I can also narrow the search down to just those properties that suit your needs and I can email you new listings that come on the market so that you see them before even many of the agents in town see them. This will put you at an advantage to recognize good deals in real time...

Slowly, a relationship is built, yet it's built on real stuff like good relationships should be built on-honesty, willingness to help, non-pushiness (I made up that word), understanding, sensitivity and response to needs, and so forth.

...Now that I know you have kids let me give you school information and take that into account when sending you personalized listings. By the way, how's it going? Are the listings helpful? I just heard of a listing coming up that you'll find interesting-I'll get the information and send it to you this afternoon-it won't come on the market for a couple of weeks, but I talked with the agent and...

...Dear Lead, So you'll be coming into town next week. If you will, send me the listings you like the most and I'll be glad to make showing appointments. Do you need recommendations of a place to stay? A new hotel just opened near the area you are interested in and...

By now, I've told them about the services I provide and I've shown them. Now we are both in the same system with the same understanding and I can ask to be the representing agent and make a formal or informal agreement.

To me, it's all about timing and understanding the different points of the relationship, never assuming too much or demanding too much.

The time line would be shorter most likely working with someone who wants to list a home, but the principles of service and preparation and understanding the system are the same.

And each relationship is unique, which is the hard part.

There is no perfect formula to be applied across the board-the process will be a little different with each lead/prospect/client relationship developed.

That's why pushing doesn't work-it's blind, it has no idea how it will be received and what the reaction will be. Openness, understanding, listening, getting a good feel for the unique situation with each lead, to me, are vital to establishing a good working relationship.

It's not easy, but it's very rewarding, in more ways than one-not only do you build a good reputation, but you feel good about what you do-this has been my experience.

A job well done-it's a great feeling.

Angela O'Brien
Tim O'Brien Homes - Waukesha, WI

Terrific post, Jese!  Relationship building is sometimes "lost in the mix" as time goes on... 

Sep 16, 2008 04:26 AM
TIM MONCRIEF
Tim Monciref - Austin, TX
Over 2,000 homes sold…..

You are correct about that relationships are the most important factor, BUT, we are moving into a consumer value marketplace whereby you have to show to the agent "what is in it for them".....otherwise you will lose the buyer or seller to someone you have never heard of.  The reason being is that they see no value of what you have to offer.

We have noticed this change over the last few years..........

Sep 16, 2008 04:32 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great Post, Building relationships is what it is all about.  A lot of us sometimes forget this-we want immediate results-we don't want to have to wait.  However, if we do we will end up not only making the sale, but having a customer for life.  That is what it is all about.

Sep 16, 2008 04:44 AM
Kay Steele Faulk
InHouse Writer - Lake Village, AR
The Real Estate Copywriter

Wow, Jese, what a beautifully written post! You really captured this topic and made it very clear. I subscribed.

Sep 16, 2008 06:46 AM
Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Excellent points Jese. One of the first steps in evaluating a lead is determining the personality type of that lead and how to manage them.

So many hungry agents pounce on consumers today its a big turnoff for many of them, or puts the agent as risk for a lower commission. I like your system, work the lead to establish a relationship for continued business and referrals.

Sep 17, 2008 03:53 AM