When Do You Put A Tourniquet On The Blood Line?

By
Real Estate Broker/Owner with KGC Properties LLC, Tucson Property Management & Real Estate

Picked my daughter up from school yesterday and had a few minutes to catch up with a good friend.  The blog title was his response when I asked, "How's your mom doing with selling your house?"

A while back, he wanted to list his house with me.  Little string - his mom has been a real estate agent for years but really doesn't know anything about real estate, he said.   Anyway - he has to list with her - it's Mom - and besides - she'd be upset.  No worries. Except I feel bad for him because you see - he doesn't know much about real estate either - just wants to sell his house and move on. 

As much as I'd like to- I just "don't go there" with him. Over the past six months,  I offer suggestions but keep it generic and try not to say anything about things that might make it seem like I am soliciting someone else's client.  He's  talked to his mom several times already about:

  • marketing
  • lowering the price
  • open houses
  • Internet exposure
  • networking

Each time, the response is,  "Honey, just wait it out - it's in MLS - it's all we need to do."  Yikes .. what a tough position to get yourself in to huh? 

Advice for the best way for him to say what needs to be said?

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Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

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Rainmaker
217,525
Yvette Chisholm
Long & Foster Real Estate, Inc. - Rockville, MD
Associate Broker - Rockville, MD 301-758-9500

Gabrielle, he is always in charge of lowering the price and if it goes low enough - the buyers will find it.  He will of course, lose money, time and emotional energy.

Aug 19, 2010 12:55 AM #1
Rainmaker
131,486
Shelley Rowton
Move To Realty - Austin, TX
ABR, RSPS - (512) 507-5779 MoveToRealty of Austin

What a pickle to be in.  He's just going to have to assert himself and demand that the price be lowered and that the other things get done.  A simple, "Right now, I'm not your son - I'm your client" kind of conversation could do the trick.

Aug 19, 2010 03:20 AM #2
Ambassador
3,245,217
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Some old school real estate is like fishing without a hook, you gotta love it!
What a great day to be alive Gabrielle!
Paul

Aug 19, 2010 03:58 AM #3
Rainmaker
648,848
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

I've repeatedly seen and heard the same scenario.  Just because a family member has a license does not equate to them having the capability of making a sale.  Even if you offered to give his mom a referral, it's still his mom, and he'll be in deep kim chee for a long time.

Aug 19, 2010 04:13 AM #4
Rainmaker
288,391
Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

There's a valid reason why doctors don't practice medicine on family members.  I try to take the same approach - but at least I don't have someone's life or death on the line!

Aug 19, 2010 10:37 AM #5
Rainmaker
342,854
Elizabeth Bolton
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor

Hi Gabrielle ~ Not easy doing business with family. And it always bums me out when a relative or "friend" doesn't do right by the seller or buyer - which typically would mean *not* getting involved. I've referred family members to agents but in each case the price of the real estate was not high (at least by my standards - each was in a lower priced market) and I didn't take a referral never mind try to represent them.  Step aside Mom!

Liz

Aug 19, 2010 03:43 PM #6
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Gabrielle Kamahele Rhind

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