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Providing Feedback - Surprising Result For My Buyer

By
Real Estate Agent with RE/MAX Showcase Homes

 

Feedback on a showing appointment is important to everyone.   This is one of the promises I make to my sellers when I list a home – I will do all that I can to get feedback and pass in on to you.  I have seen posts from other Realtors who feel the same, puzzling on why agents don’t provide it – it’s a courtesy that goes with the territory.  I am meticulous about giving feedback – knowing how important it is and thinking that I may achieve good “feedback karma” – what goes around comes around! 

 

Home SoldHowever, I found another excellent reason to give detailed feedback that surprised me and might encourage agents to not only provide the courtesy of feedback but it might just benefit your buyer.  My buyer saw two homes she liked.  One was a ranch with a door wall from the kitchen to a good-sized deck and a two-car garage.  The other was a bungalow with a one-car garage and a small deck that was accessible through a door in one of the back bedrooms.  There was a $20,000 difference is asking price.  I filled out the request for feedback, complimenting the home and the features she liked but said my buyer was considering another home, as price was ultimately her deciding factor.

 

I made an appointment for a second showing on the one we were going to write an offer (lesser priced) when I received a call from the agent from the other home (higher priced).  She thanked me for my excellent feedback and said her seller was very motivated.  I told her this was a $20,000 difference in price and was very skeptical as there had not been many price reductions.  She assured me that it might be worth my while to pursue this home.  Long story short, we have an accepted offer on what was the higher priced home.  If the agent had not called me as a result of my feedback, we would not have given it another look because price was her biggest  motivator.

Royal Oak Michigan Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

 

Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Good post toady.  Yes I agree feedback is important and should be routine. 

Patricia

Feb 02, 2010 12:33 PM
Olivia Prince
Wind River Realty - Riverton, WY

All so very true, feedback is not just helping the other agent and hoping they will help us with our listings in return, but also it can be very valuable to our negotiations and working for our client!

Feb 02, 2010 10:26 PM
Peggy Chirico
Prudential CT Realty - Manchester, CT
REALTOR® 860-748-8900, Hartford & Tolland County Real Estate

That is a great example and something we should all think about (and do).  Because you were honest, the other agent had something to work with.  Most of the time, we just hear "it doesn't suit their needs."

Feb 04, 2010 07:55 AM
Crockett Keech
Rocky Point, NC

Feedback is essential. Great post!

Feb 04, 2010 12:28 PM
Kelly Schipper
Keller Williams Fort Worth, TX - Fort Worth, TX

Enjoyed this read. While some just don't have the bedside manner to leave feedback, others may feel it is not their fiduciary duty to their Buyer to provide any.I tell my seller after three failed attemps at receiving feedback- 2 automatic from the showing service, and a call from me, that "No feedback is feedback in itself. If the other agent isn't calling to ask if I have anything working on it, or for a Seller's Disclosure this just wasn't their Buyer's choice"Signature

Feb 04, 2010 12:42 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I definately t hink that feedback is useful - even if it is just the buyer's agent's feedback. I find feedback from the agent point of view to be useful to tell my sellers too.

Feb 04, 2010 02:38 PM
Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

Hi Cathy, Im a little late here, but first congrats on the sale!   Many people do not care to give feedback and to be honest there are times that I do not because some buyers dont say too much, they just dont like it.  But I can definitely see the value as your post explains and I think it's something we all need to remember.

Feb 05, 2010 08:01 AM
Cathy Tishhouse
RE/MAX Showcase Homes - Royal Oak, MI
Royal Oak Real Estate

Karen:  There are many times that the buyer doesn't really say anything - but I always try to observe a few things on my own to comment - when I request feedback, I always ask the buyer's agent for their opinion as well as the buyer.  Thanks for the congrats - miuch appreciated.

Feb 05, 2010 10:31 AM
Shannon Thomas
Selling Indy Metro, LLC - Avon, IN
Managing Broker, E-Pro, ABR,SRS, SFR

I think possible buyer feed back is absolutely necessary and helpful to the listing agent.  When you go back to the owner you can go with more information and information will help to sell the property, whether its price, staging, updates.  Its less painful to inform the seller if it comes from others besides yourself. 

Feb 07, 2010 10:56 PM
Lee Morof
RE/MAX Showcase Homes - Birmingham, MI
Associate Broker, Attorney, CDPE

I always give honest feedback. Every once in a while, an agent may take exception to it but since I want honest feedback, I will always give it.

Feb 08, 2010 01:35 AM
Bob Ieradi
BHHS Fox & Roach, Mount Laurel, NJ - Mount Laurel Township, NJ

Cathy,

Glad to read your post. My office uses a system called Eshowings, most of the feedback is given by email with a simple fill in the form.  General feedback can be very helpful to guide seller's in a direction they may need to take, in order to get the home sold. Agent to agent respect I would label it, all the while keeping my buyer's underlying comments and opinions confidential since negotiations may be a consideration.

Thanks,

Bob

Feb 10, 2010 06:41 AM
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Cathy

Proof positive that courtesy and feedback can be profitable for all.

Ty

Feb 13, 2010 01:03 AM
PAUL HAMMOND
RE/MAX Escarpment Realty Inc. - Burlington, ON

Hi Cathy!

 

This is great information and i believe in good feedback too!

Feb 13, 2010 02:30 AM
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Cathy, Thanks for sharing. Getting feedback is sometimes difficult maybe $$$ will motivate a few agents to give in hopes of receiving.

Feb 15, 2010 02:13 AM
Karol Yeager
REALTY FIVE of Defiance - Defiance, OH
"We choose to give"

Great story you shared!! I guess we should never read a book by its cover or I should say a MLS Sale Fyler... Thanks for giving us all a little reminder to give the listing agent a showing report:) Karol

 

Realty Five of Defiance

"We choose to give"

Feb 15, 2010 02:46 AM
Columbus Real Estate Professionals
RE/MAX Premier Choice - Columbus, OH

I too believe in providing feedback on all showings. In addition to this, I always make it my goal to have this feedback to the selling agent within 24 hrs of the showing.

Feb 15, 2010 09:01 AM
Beverly of Bev & Bob Meaux
Keller Williams Suburban Realty - West Orange, NJ
Where Buying & Selling Works

Feedback is essential. I wish more give it and know what to do with it when they receive it. I understand from AR many don't like (fiduciary) to do it but tell me anything/something.

Feb 18, 2010 11:36 AM
Kari Battaglia
Veterans Realty Inc - Venice, FL
Who You Work With Matters!

Cathy, excellent post.  I wish I received more honest feedback from agents.  Right now only about 2/3 of the showings provide feedback.  I think it is essential part of the process and your experience is exactly the reason why feedback is crucial.

Feb 20, 2010 11:41 PM
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

Your story is a good lesson for me.  Continue to communicate  and give feedback, that is a key to success.

Feb 21, 2010 10:19 AM
Anonymous
Jean Marella

We are all in this toherther aren't we?  If buyers are honest and sellers continue to weclome constructive feeback it should be a win-win. 

Mar 03, 2010 04:24 AM
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