The Tail Wagging the Realtor

By
Real Estate Broker/Owner with Bristar Realty (Realtor/Attorney) BRE: 01005471

Once we take a listing, we are duty bound to put forth our best efforts.   (See, Realtor manual, Page One).    In our attempt to gain the listing, we try to impress the seller with our listing presentation.  (See, Realtor manual, Page Two).

Even my pet rock knows the basics.   Tail Wag of Orange County Real Estate

So why read on?    No reason, really.   Thanks for reading my non-blog blog.  Good to see you.   Take care.   Best of luck in your career!

Still here?   You curious little devils!   

Here's the crux:  Creatively handling objections at or before the listing presentation.

For my two remaining readers, the tail wagging the Realtor principle involves the oh-so delicate moments that precedes a client’s decision to hire you.    When the consumer has the most leverage hiring a Realtor, the greatest opportunity to showcase negotiation skills and creative solutions present themselves.  

I read an interesting blog by Tanya Nourwens. I will probably sell on my own, but would you mind doing a CMA    She tells the story of a colleague (mortgage broker) who asked for a CMA, despite his stated intention of going FSBO, and seeking a CMA from another agent, as well.    With other work on her plate, she asked readers their thoughts on obliging her colleague.   She's from Montreal, but principles affecting listing presentations apply in Orange County, California, too.  They're universal.

Orange County Happy DogThe blog yielded a broad range of comments:   Some thought it was a waste of time.   Some advised  doing it because the seller may decide to hire you, anyway.   Some thought it would create good karma or earn them another referral from the seller.   Some suggested charging a fee, or only doing it time permitting.    Still, others suggested a short hand CMA without bells and whistles or deeper research.  

Of several dozen replies, one suggestion was unique.    Alan May’s idea was to bring a newbie along to cut their teeth by giving or watching a presentation.  This turning-lemons-into-lemonade idea gained my favor.    Alan’s reply was multi-tiered and cited many of the positive approaches summarized in the last paragraph.

I like Alan’s reply on two counts.   First, I believe presentations are rarely a waste of time.  I query how many have genuinely suffered an opportunity cost, and the expense is scant.     

 

To keep the tail from wagging the Realtor in Tanya's Scenario, I’d:

1.        Respect my colleague’s decision to market their listing as a FSBO;

2.        Prepare a CMA to the best of my ability.... and the pièces de résistance,

3.        Create a listing contract contingent on going non-FSBO!    

Do share a story of turning a one-sided situation to your favor, or changing the spin to something favorable.   We'd love to hear about it, and consumers probably do, too!     

By:  Brian L. Sirota, Esq., Counselor at Law/Real Estate Broker

*The Tail Wagging the Realtor* © 2011    Making the Best Listing Presentation 

 

 

Posted by
  • Brian L.  Sirota, Esq.  
  • Broker/Realtor/Attorney
  • BRISTAR REALTY
  • Orange County, California 
  • (877) 641-6964  
  • (714) 501-7660
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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Cory Barbee 08/17/2011 05:38 AM
  2. Pam Hills 08/17/2011 09:42 AM
Topic:
ActiveRain Community
Location:
California Orange County
Groups:
POSITIVE ATTITUDE for the Weary Soul
Be The Best In Your Field
Club Chaos
Power of Activerain
Selling Soulfully
Tags:
listing presentations
unique negotiating strategy
comparative market analysis cma
fsbo strategy
consumer mindset

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Show All Comments
Ambassador
2,166,727
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I'm also suggesting this one BriSTAR - and I love that you have sparked my Sell with Soul mentor Jennifer #6 into a blog post.

You are certainly wagging a lot of taies (tails) of late...and we love it. Hope to see this featured soon. Dj

Aug 16, 2011 09:19 AM #9
Rainmaker
687,240
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

Debb, I'll have to make "selling with soul" a regular stop on my tour.   Thanks DJ for being a great source of support!

Aug 16, 2011 11:23 AM #10
Ambassador
1,043,531
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

I ran into the post, and for some reason got sidetracked. I like your attitude, and the idea of a contract in case you decide to go NON FSBO ... stroke of genius! I love doing CMA's... they keep me sharp, they help me to understand the market even more than I do, they are like exercise. Of course I like it better when I walk away with the listing.....

I have been waiting for a post such as this, you are the very proud recipient of the very first use of the newest and uber cool feature notification from the Positive Attitude for the Weary Soul Group....

Straight from Hawaii (via CT)...

Positive Attitude for the Weary Soul!

Aug 16, 2011 11:52 AM #11
Rainmaker
687,240
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

Andrea, I'm thrilled that stayed with the blog until the very end.....you get it!    Thanks for the hon(u)rary Hawaiin turtle thingie.  :)

Aug 16, 2011 02:33 PM #12
Ambassador
903,814
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Congratulations on the Feature, sweet friend.  Well deserved . . . couldn't happen to a nicer guy ;)

Thanks for ranking up my Called Shot points ;)

Aug 17, 2011 03:28 AM #13
Rainmaker
161,645
SarahGray Lamm
Allen Tate Realtors Chapel Hill, NC 919-819-8199 - Chapel Hill, NC
Realtor - 100K Hours of NC Real Estate Experience

That is definitely making lemonade out of lemons! I truly like the idea of training a newbie with a presentation like this and not simply pawning the CMA off on a youngun' which will only lead to disillusionment with the job...if an opportunity presents and isn't just a sure FAIL, take a risk that helps everyone!

Aug 17, 2011 04:16 AM #14
Rainmaker
810,313
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Brian:

Alan's idea was unique.  I agreed with most of the commenter's that doing the CMA is a good idea.  It is always helpful to practice a listing presentation and sprucing up a CMA, so what do you have to lose.

Aug 17, 2011 04:48 AM #15
Rainmaker
1,412,442
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566
I have to go back and read his post. That does sound very creative. The man called her and to me that already shows he needs and respects her services.
Aug 17, 2011 05:02 AM #16
Rainmaker
1,412,442
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566
Where did you get the graphics? I really like them. I wish I could find the link to the other post. The iPad will let me visit more than just the top pen posts when there is a link posted.
Aug 17, 2011 05:05 AM #17
Rainer
123,029
Cory Barbee
San Diego, CA
Broker (760) 563-4022

In relation to Mimi's post...I never turn down an opportunity to have a conversation with someone about real estate...you never know where it can lead. Great post and thanks for sharing your thoughts.

Aug 17, 2011 05:36 AM #18
Ambassador
712,769
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change
I rarely use the term LOL but I really did this time. It's that positive spin on things that separate the ordinary dorm the successful. You clearly fall into the second category Brian.
Aug 17, 2011 05:55 AM #19
Rainmaker
559,652
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Blessed Realtor - ABR, CRS

Ahhh... the AR Gods agreed with me!  Yippie, skippie, hooray, whoa, hallelujah!  Congrats my friend ;)

Aug 17, 2011 06:15 AM #20
Rainer
102,414
Pam Hills
Innovative Artistry - Kendall, FL
ASP/IAHSP- Stager Miami, FL, Creative Minds Innovatively At Work

Dear Brian - Okay, I hope this doesn't bring too many laughs, but I got my license for the love of Real Estate & knew I had several personal transactions upcoming that it would be useful....(not sure how many have found themsleves in this situation) I just love properties & their "potential" like an obsession.  The irony was that when it came time for those transactions....  I parked my "agent" hat twice, two different occasions, & asked colleagues to take the listings of my homes. 

As I find myself with it being too lengthy. I think it something to add to in a re-blog!?   The short for here... YES, if they ask, do a CMA, as a lot is probably going through their mind (or may be in their situation) if they are moving on or forward with their life......???   Thanks for the post. 

Aug 17, 2011 07:12 AM #21
Rainmaker
687,240
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

Mimi, I can always count on the queen of the Victorians.

SarahGray, we share similar philosophies.   I also liked Alan May converting the opportunity to help a newbie.

Evelyn, yep, little downside knocking out another CMA.

Cheryl, thanks for the dual comments.   I'm pleased to hear Tanya got a call back.   If she doesn't get the listing outright, perhaps she could ask for a listing agreement that's contingent on her FSBO changing his mind and hiring an agent.   You know, I don't recall exactly where I got my graphics, but I did spruce them up using Picnik.com.

Cory, I too enjoy a meaty real estate conversation...thanks for reblogging this!

Karen, I'm so glad to give you a reason to LOL.  :)

Mel, ditto on the yippie skippie.   "We" like when the AR gods agree with you!

Pam, having a few transaction lying in wait is an awfully good reason to get a license.

 

 

Aug 17, 2011 08:32 AM #22
Rainer
12,274
Kris Kombrink
RE/MAX Great American North - Geneva, IL

Excellent story, thanks for sharing.  This is a great outlook you have and rememeber, Always Look on the Bright Side of Life!

Aug 17, 2011 09:02 AM #23
Rainmaker
2,570,898
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Brian, I like this post and glad it was featured.  I like the fact that Alan converted the opportunity to help a newbie...And, I never thought about #3.        Create a listing contract contingent on going non-FSBO!    

Aug 18, 2011 12:14 AM #24
Rainmaker
450,212
Hrisco & Associates
Hrisco & Associates - Roanoke, TX
Roanoke Homes for Sale - Roanoke Neighborhoods

Hi Brian, I didn't see Alan comment in the 100 or so but will go back and look, I like his take, but would agree with you.  I would first take care of my existing clients, if he can't wait then delegate it to another team member, but once you doing the CMA, etc...for him, don't assume just because he said he is going FSBO that, that is what he will do.  I like being prepared and going in prepared.  Great conversation and I also like how you kind of reblogged with out actually reblogging her post and kept it original enough to be your own.  I guess congrats our in order then...on the feature.

Aug 18, 2011 07:18 AM #25
Rainer
397,721
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Hi Brian - I'm a newbie. Not to AR, just to your blog. Debb Janes sent me your way when I commented on your apalooza joke, or whatever that animal is. Looking forward to some interesting blogs.

Apr 02, 2012 12:38 PM #26
Rainmaker
1,508,825
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Here, you got it,

I'm subscribing to your blog with hope you come back.

AR community needs your sense of humor!

Jan 07, 2015 04:55 PM #27
Rainmaker
687,240
Brian L. Sirota, Esq.
Bristar Realty (Realtor/Attorney) - Orange, CA
For Solutions: (714) 501-7660

That's so sweet Inna.   Thank you!

Jan 13, 2015 08:10 AM #28
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Rainmaker
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