Special offer

HOW MUCH INFORMATION DO YOU PROVIDE ON YOUR WEB SITE ABOUT HOMES FOR SALE?

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

FOR PROSPECTIVE HOME BUYERS LOOKING ON THE INTERNET,  IT WILL NEVER BE ENOUGH.

HOW MUCH INFORMATION DO YOU GIVE A CONSUMER?  I have several hundred prospective home buyers subscribed to the IDX system on my web sites.  Propsective home buyers are invited to register for daily updates of newly listed properties or properties for sale if the price has changed.  These are ACTIVE listings and a valuable resource for folks considering purchasing a home.  Since I am dedicated to "PULL" advertisting, while I often have the name and contact information of the consumers in the system, I do not contact them or follow up on notices of listings sent.  I'm offering a service to the public and, when they are ready to look at homes, they call or e-mail me with a request to tour, mortage information, transportation information, etc.  I'm happy to chat about real estate any time and I have found that when buyers contact me, they almost always ask for our help.  That is my plan.  But, the IDX system on my web site is only there for general information.  The purpose of the web site and the IDX search listings feature is to sell our services

THE CONSUMER BELIEVES THEY CAN "DO IT THEMSELVES"  Consumers don't always understand.  Buyers whom we do not represent, have never spoken to me before, are not working with any agent in my network will call and expect me to provide them with detailed information about homes that they find interesting from their tour of homes listed for sale.  I try to explain the purpose of the IDX system.  I also try to explain to folks why there are limits to how far we will go providing information to someone who has not engaged us as their buyer's agent.   Sometimes they understand, sometimes they don't.  Fact is, the public have become convinced that they are entitled to any and all information about homes listed for sale that they wish. 

A few says ago, I received mail from "James".  Generally, I don't get mail with comments from prospective buyers unless they are ready for our help.  James just wanted information. The public do not want services.  The public want information, and more information and more.  The glut of information on the Internet about homes, housing, real estate, has convinced the public that they can "do it yourself" real estate until they are ready to write a contract and if they could do that without us, they would. 

I thought the chronicle of James's contact was interesting. 

FROM JAMES:
"Why don't you have interior and exterior pictures like your other postings (room dimensions also)? I don't want to get the impression that you are hiding something. Please be serious and add them (street address for potential drive by visit also) since this looks like a nice house!"

MY RESPONSE TO JAMES:
Hi James.  Nice to hear from you.

Your questions, at least some of them, are reasonable.  However, your question assumes that I am the listing agent for the homes you see on Homesdatabase.  I am not.  The web page on which you see homes listed for sale is offering our SERVICES to help home buyers find a home.  All active listings show on this page, however, we are not the listing agents for any.  We are BUYERS AGENTS.  We help buyers. 

We have no control over whether the listing agents have listed room dimensions, more photos, or any photos. 

The reason there are no addresses showing on the listings on my web site is because we don't send folks out to drive around or drive by homes.  We show homes.  Often, when buyers have the addresses, if they drive to a house that they like, they will call us and want to see the house right then.  We can't arrange appointments on a moment's notice.  So, many folks looking at a home will knock on the door and ask the owner to show them.  In fact, they may have a flyer from my web site in their hand which would appear that I sent them.  I did not.  Or, since we are not immediately available to show the house, the prospective buyer will call the listing agent from the yard sign.  I do not send folks to listing agents to see homes with agents who represent the owner/seller of any house.  So, I removed the addresses.

We are ready to assist buyers to find a home and assist buyers all the way to settlement.  We believe that the information on the Internet is sufficient for home buyers to get a "feel" for homes and areas. 

We are very serious about what we do.  What we do NOT do is send home buyers out to do it themselves.  Our services do not cost our buyers any money.  Many buyers believe that they do not need  an agent and they can find a home to buy themselves.  True, but finding a home to buy is the easiest part of a home search.  We, as experienced agents, want to be working with a buyer when they view homes because there may be information about homes that buyers would not know.  We have years of experience and can often spot defects in properties that a prospective home buyers might not notice.  We can also determine the approximate market value of the properties we show so that we can advise our buyer/clients whether the list price is reasonable. 

For instance, the home you find so attractive from the photo has ground rent of about $450 a month, a fact that the listing agent didn't believe important enough to disclose in the listing.  The listing agent is that person whom you'll call when you see the sign in the yard as you drive by homes.  You'll probably call them for help because you don't have an agent.  That listing agent represents the interests of the seller.  Even with a photo and diminsions for every room, the $450 monthly ground rent is important information.  I probably just saved you a drive by a home that you wouldn't buy.   Sometimes, in fact, often, a good buyer's agent working in your intrest will make buying your dream home something other than a nightmare. 

Keep looking James and have fun.  If you ever get serious and decide to use the services of a good buyers agent, get back to me.

FROM JAMES:
That is reasonable.  I'll contact you when we can get together.  It will have to be a weekend.
James.

I may hear from James again.  I may not.  I'll leave him in the system.  I have over 9,000 folks looking at homes in my IDX system and several hundred getting daily updates.  One of these days. . . . .

Courtesy:  Homefinders.com

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Comments(43)

Rebecca Savitski
BSR Real Estate Group - Cary, NC
NC Real Estate Listings
I advertise the addresses and this week I have decided to stop posting addresses for the above reasons. Thanks for the post
Aug 30, 2007 02:02 PM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

I get alot of the same questions about pictures that are not my listings too. I explain IDX and ask if they are being represented. If not I explain buyer agency and tell them I have a team of 4 can help them find a home they will love. I will not call the listing agent and ask for pictures.

I love your dialog, this was an excellent post and I am so glad it was featured.

Aug 30, 2007 02:13 PM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Lenn, I like pull marketing. My system gives me the option of sending full address with apt #, just address, just cross streets or only neighborhood. I've been giving full address with apt # the first email and for updates it shows neighborhood only.

It has my contact info only but I suppose a buyer can research look on other websites and find the listing agent direct or go directly to a sales office in new construction if they want. Some will but why? They think they will get a better deal from the seller's agent direct. I figure after reading my blogs and websites they would prefer to contact me to help them for free rather then to try it on their own. Many do contact me but maybe I should re-think how much information I give. Do you think I will pull more by giving less?

Aug 30, 2007 03:21 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
As usual, you did a great job with this guy.  I might add something about procuring cause -- this often is not understood by the public.  Let us know if you hear from this guy. 
Aug 30, 2007 03:23 PM
Rebecca Dean
Downing Frye Realty - Bonita Springs, FL

Great post. I loved your explanation - very well written. It always amazes me how many people just don't get it.

 

Aug 30, 2007 03:41 PM
Brady Pevehouse
RE/MAX Downtown - Orlando, FL
Your Orlando Real Estate Professional

The buyers in my car today.... asked why I did not include the address on the listing... I wish I had put it as eloquently as you did. Great Job....Educational....

12 minutes to midnight, you thought I was gonna get through the day without learning something didn't you!

Aug 30, 2007 03:49 PM
Victoria Small
Keller Williams Realty Chesterfield - Saint Louis, MO
Remember Small is the name...not the SERVICE!
I give weekly information about neighborhoods I specialize in. Such as what came on the market, under contract, sold and expired. Also give information about area events.
Aug 30, 2007 04:01 PM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
Great post. And so true. The public often expects more and more, and then as you pointed out can go around the agent which is not what we need to have happen at all. It's not good for agents ..... but in truth it is not good for the buyer's either, as it is in a buyer's best interest to be represented by a good buyer's agent.
Aug 30, 2007 05:47 PM
Duane Hosek
Coldwell Banker - Lewis-Kirkeby-Hall - Rapid City, SD

Well written Len................Thanks for putting it so eloquently and to the point.

Duane Hosek in the Black Hills of South Dakota

Aug 30, 2007 06:38 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate
Well written again Lenn. Thanks for a great explanatorial post.
Aug 30, 2007 09:06 PM
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Lenn, your exchange with the inquirer was marvelous.  I wish our "feed" from our MLS had the option of withholding the address of the properties.  I believe with the way our broker recipricocity is set up gives far too much away without the opportunity for us to do our jobs (explaining a buyer agent role).

 

Aug 30, 2007 10:17 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland


Lenn,  I also use HomesDataBase.com and as you know it places your picture on every page the customer prints out, even if it's not your listing.  Last month I settled on a $550K house in Gambrills.  It was the second house I showed to my client.  After settlement she said, I almost didn't call you because I thought you were too busy to work with us.  Her reasoning...my picture appeared on every listing she viewed.  Just goes to show that some people using the internet can easily misconstrue the data they see.
Richard.  I've gotten that same response.  One lady actually thought I controlled all of those listings.  The verbiage on homesdatabase.com is very misleading.  I've tried to get them to remove that "Your Agent" nonsense for years, but they do not understand agency and so it's hopefully.  I'm working on a system to completely replace homesdatabase.com forever. 


What better way to explain the value of the OFFER OF BUYER AGENCY service than this post- I'm linkin'.  THANK YOU.
Laurie.  Thanks.  It works. 

Outstanding info Lenn (as usual) I think everyone thinks there is a secret site that tells us (REALTORS) the sellers bottom line and we are keeping it a secret from them.  Like you, I tell them let's make an offer...the sellers can respond one of three ways Yes, no or how about this price. 
Bob.  Folks don't understand the power of a written offer.  It's powerful.  They want the easy way, by phone.  Unfortunately, too many agents do too. 

Lenn,
Well articulated--you handled that like a real pro.
Diane.  Thanks.  I repeat this daily to several callers.

Lenn, I'm not sure I can type that much!  But seriously, I think the argument is sound and I'm glad you use it.  I am curious, however, what you say when the response is "sure the buyer pays the commission in the form of a higher sales price"?  I know what I say, I want to hear from you!
Chris.  What higher sales price?  Our listings don't have a two tier price structure.  I'll tell you how I handle that question.  Read my next post.  That question was blog material.  Thanks.

I advertise the addresses and this week I have decided to stop posting addresses for the above reasons. Thanks for the post
Rebecca.  There is only one reason to have addresses on the Internet, to send the viewers to the house.  With no addresses, they will call and it is an opportunity to engage them in conversation.  Sure, you'll get the James types who want to be his own agent, but once I can speak with them, they're mine.

I get alot of the same questions about pictures that are not my listings too. I explain IDX and ask if they are being represented. If not I explain buyer agency and tell them I have a team of 4 can help them find a home they will love. I will not call the listing agent and ask for pictures.
I love your dialog, this was an excellent post and I am so glad it was featured.
Missy.  Thanks.  I'm always glad when a post is featured.  It means it will have a longer than 30 second shelf life.  When folks just want more photos, I tell them that some home owners don't want their house shown on the Internet because of privacy reasons.  Folks accept that and we go on. 

Lenn, I like pull marketing. My system gives me the option of sending full address with apt #, just address, just cross streets or only neighborhood. I've been giving full address with apt # the first email and for updates it shows neighborhood only.

It has my contact info only but I suppose a buyer can research look on other websites and find the listing agent direct or go directly to a sales office in new construction if they want. Some will but why? They think they will get a better deal from the seller's agent direct. I figure after reading my blogs and websites they would prefer to contact me to help them for free rather then to try it on their own. Many do contact me but maybe I should re-think how much information I give. Do you think I will pull more by giving less?
Mitchell.  I don't really know.  What I do know is, if a buyer is so against working with their own agent and wants to deal directly with listing agents, I'm not going to enable them. 

As usual, you did a great job with this guy.  I might add something about procuring cause -- this often is not understood by the public.  Let us know if you hear from this guy. 
Joan.  Your comment made me chuckle.  Few agents understand procuring cause.  How do we explain the inexplicable to the consumer??

Great post. I loved your explanation - very well written. It always amazes me how many people just don't get it.
Rebecca.  It no longer amazes me.  I give the public no credit for any knowledge of real estate matters.  We get along much better that way.  I explain to my buyers what I'm doing and they think I walk on water. 

The buyers in my car today.... asked why I did not include the address on the listing... I wish I had put it as eloquently as you did. Great Job....Educational....
12 minutes to midnight, you thought I was gonna get through the day without learning something didn't you!
Brady.  It's a good day when we learn something.  Folks seem to believe that we are a public service.  We are NOT.

I give weekly information about neighborhoods I specialize in. Such as what came on the market, under contract, sold and expired. Also give information about area events.
Victoria.  Great ideas.  That's a bit much for me because I cover about 25 counties.  But, you're right giving info like that will keep folks coming back. 

Great post. And so true. The public often expects more and more, and then as you pointed out can go around the agent which is not what we need to have happen at all. It's not good for agents ..... but in truth it is not good for the buyer's either, as it is in a buyer's best interest to be represented by a good buyer's agent.
Bob & Carolin.  Goodness.  I have practiced real estate sales on the belief that it is in the best interest of all buyers to have their own agent since 1994.  Before that, I was a listing agent.  My stomach couldn't take the dual agency thing.  Absolutely buyers are best served by having their own agent. 

Well written Len................Thanks for putting it so eloquently and to the point.
Duane.  Thanks for reading.  And thanks again for commenting.  The Black Hills.  Love the Black Hills. 

Well written again Lenn. Thanks for a great explanatorial post.
Joe.  Thanks for commenting.  Hope it was helpful. 

Lenn, your exchange with the inquirer was marvelous.  I wish our "feed" from our MLS had the option of withholding the address of the properties.  I believe with the way our broker recipricocity is set up gives far too much away without the opportunity for us to do our jobs (explaining a buyer agent role).
Kris.  The IDX is designed and maintained for one purpose and one purpose only, to comply with the NAR mandate about IDX to the extent possible to drive home buyers to the listing agents.  I've never had any delusions about that fact. 
Aug 30, 2007 11:18 PM
Virginia Halter
RE/MAX Signature Properties - Harrisburg, NC
ABR, CDPE, CRS, GREEN, SFR, SRES

Lenn, Your response to James is worded so well!!  It makes a good, "How do you do" letter when starting folks on the home search.  Just to say, "Hello and welcome.  Enjoy the browsing.  Just so we are clear, the purpose of this search is...  My value to this equation is... So look to your heart's content and call me when you are serious.  

 Nip the questions in the bud?

 

Aug 31, 2007 01:31 AM
Anonymous
Blogger To Be Named Later
Lenn, tremendous post and especially worthwhile information. I've bookmarked this entry and will no doubt refer to it again. I absolutely concur that the Internet is creating so much glut. It is imperative we educate the public, but like so many school lessons -- quite a few students prefer to fidget during the most important parts! 
Aug 31, 2007 02:20 AM
#37
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Virginia.  I have all of that language in the content on my web sites.  Unfortunately, we have no control over the verbiage on the IDX site.  It's boilerplace and it is very misleading, but we can't change it.

Andrew.  Thanks.  We'll work through them one at a time. 

Aug 31, 2007 02:54 AM
Anonymous
Debi Hillberg
Lenn,  This is helpful information.  You were direct and gracious in your response to James and took the time to educate him, which I'm finding is what's needed with most of the buyers and seller's out there. Good Job
Aug 31, 2007 03:59 AM
#39
Kathy McGraw
CELLing Realty - White Water, CA
Riverside County CA Real Estate

Lenn,

Definitely a "gold star, red flaggable post":)  You continue to amaze me.....great info.....and with 9,000 prospects even if James doesn't call back-he has friends, and now they know what a Buyers Agent is ......

Aug 31, 2007 11:35 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Debi.  Thanks.  We need to get good info out to buyers when and how we can.

Kathy.  Thanks very much.  You're right.  Now James knows what a buyer's agent is. 

Aug 31, 2007 12:08 PM
Gerhard Ade
eXp Realty - Seattle, WA
What sets me apart, will set you apart.

Lenn, your usual insight and eloquence, thanks. The IDX export of data to countless website has not helped to distinguish between listings (seller) and listing agent on ONE SIDE and buyers and buyer's agent on the OTHER SIDE. IDX-fed sites do not make it clear that the listings shown are those of hundreds of different agents but some, such as LivingChoices.com, go out of their way to make people believe that the listings shown are those of the agents whose picture appear on one of their web pages, see my recent AR blog: Whose Real Estate Listing is this anyway?


 

Aug 31, 2007 08:13 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Gerhard.  You are right.  The line got fuzzy with IDX.  The content of my IDX site was written by the IDX design company and I've tried, with no success, to get them to change it and put a standard advisory that the listing shown may or may not belong to the photo that you see below.  They will have none of it. 

Not a problem.  I tell folks when they call.  Lots of folks believe that they are calling the listing agent and they want it that way.  There are few consumers out there who understand buyer's agency.  VERY few.

Aug 31, 2007 11:21 PM