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Exclusive buyers only - 3 years with multiple Realtors

By
Real Estate Agent with Keller Williams Realty

I insisted a buyer come in my office for a consultaion before we would take him out to preview properties. He had worked with multiple Realtors over the past 3 years, visited dozens of homes and wasted tons of time. My 1st comment was "wow 3 years and you could not find a home" he said the Realtors were not showing him the right properties, plus he believes the bottom has not come. I asked, how will you know when the bottom has come... he explained I guess I will know when I see it in the media. I said "good point, however the problem with that is, if it's in the media, its too late because everyone else knows and its going up" He said that makes sense.

 I explained the tax credit is gone, however rates are amazing and there is still a ton of inventory. He said he is ready now. I asked him if he found the perfect home this weekend, would he write an acceptable offer? He said yes. I then presented him an exclusive buyer agreement, which he signed after I explained that I had him sign the agreement because I was going to find him a home...the other 4 agents never had him sign one because they were wasting his time. He signed and he is heading out to buy a home this weekend with one of my buyer agents!!

Its all about the consultation!!

Comments(6)

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Patrick Harfst
Realty Executives - Phoenix AZ - Gilbert, AZ

David -  good job! Gotta ask for the order sometimes!

Jun 10, 2010 05:27 PM
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Blog!  I agree with you on the consulation, it is the only place to start!

Jun 10, 2010 05:28 PM
Drick Ward Property Management / Broker Assoc
NEPTUNE REALTY - Virginia Beach, VA
"RealtorDrick" - Experienced Representation

More likely than not, at least some of those agents are no longer in the business - they were wasting everyone's time.  Thankfully, your consultation enabled you to truly help someone who will soon be a home owner--and the world is a better place. Thanks for sharing.

Jun 10, 2010 05:29 PM
David Hill
Keller Williams Realty - Worcester, MA

Ya... I would rather spend 45 minutes up front with someone than possibly waste 45 hours of their and my time on the road! We will not work with a buyer without a exclusive agreement or as we call it; Loyalty Agreement

Jun 11, 2010 02:30 AM
Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

Good post. I agree with the loyalty agreement. 

Jun 11, 2010 01:30 PM
Michele Miller ~ REALTORĀ®, LMC, HSE, CHS, SRES, CMRS
ERA Key Realty~Worcester County Realty Group - Worcester, MA
'Helping You Make the Best Move"

I learned the hard way during my first year in real estate working with buyers. They ran me ragged and never ended up buying anything. I have learned to meet them first at my office to see how serious they are about working with me, then I will show a serious interest in working with them!

Jun 20, 2010 04:19 PM