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Lane Realty, where it's not about volume, but quality.

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

Lane Realty, where it's not about volume, but quality.

In looking through the Showcase of Land and Homes... A publication for my local MLS, I noted two ads that I wish to address.  Of course I won't be pointing fingers and naming names.
The first ad from Brokerage XYZ (30 agents)  says "We're # 1" because look at our numbers, we sold the most houses.
The second ad from Brokerage ABC ( 39 agents) says ""We're # 2 and we are closing the gap"  We sold only X houses less than Brokerage XYZ last year and we are only Y # of home sales behind them this year"  Soon we will be # 1.
Now if you were car shopping volume might be important.  The more inventory a car dealer moves, the less profit he can afford to take per sale and still make money.  
But when it comes to real estate is that the case?  Do you want the agency that has the highest volume?  Does it mean they do a better job?  
For $40 you can buy about  1000 paper plates
For $40 you can buy about 4 stoneware plates
For $40 you can buy 1 fine China Plate
Are 1000 paper plates better than 4 stoneware plates or 1 fine china plate?  

My opinion is more does not necessarily mean better.At Lane Realty we don't focus on volume and numbers.  We focus on our clients.  If you call us, we answer the phone.  If you call our office at 8:00 p.m. an agent answers the phone.  If the agent you wish to reach doesn't happen to be in you don't get transferred to voice mail.  We take a message and get the message delivered to the agent.  As soon as the agent is available they will return your phone call.
One of my agents: Nancy Ewing worked last evening.  She didn't start showing property until 6:30 p.m. when her clients had the time to look.  They didn't have an appointment, but they called her cell phone and she went out in a downpour of rain and showed them the properties they were interested in seeing.
Do I use the statistics of numbers on my MLS system?  You bet I do.  Do I compare my agency to other agencies?  No I do not.  So why do I look at them?  I look to see that if we are growing.  I compare my own companies numbers from 2011, 2010, 2009, 2008 and 2007 for the same time period.

The real estate industry is about selling homes.  I don't argue that point.  If you list homes, people hire you to find them a buyer.  But at the same time it is a service industry.  My last listing came from a seller who was frustrated because he did not have good communication with their former listing agent.  Phone calls were not answered, not returned and they didn't get any advice about what do to increase potential to sell.  It doesn't take rocket science to figure out you have to give your sellers information. And so much information is right at our fingertips.  Doesn't your website show you how many times a listing has been viewed, clicked on, emailed... do you pass on that information?   Sellers just want communication.  And that my friend is a simple thing to do. 

At Lane Realty you are not one among a thousand paper plates.  You are a piece of fine China.  We treat our clients like family.  When you list with us or buy through us our service does not stop with the contract and does not stop with the closing.  We are still available to you.  I've had a seller call me years after a closing to get a copy of the HUD they have misplaced.  I've had a buyer call me years after a purchase to ask who is the best person to fix their A/C unit.  I tell my buyers... I come with the house.  This goes for the agents who work for me also.  

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Tammy@Lake-Sinclair.com

(Click on Lane Realty Logo for web site)

Tammy Lankford, Broker/Owner

 

Broker License # 169695  Lane Realty License # H-11420

Real Estate Instructor License # 355089

Call me today for all your Lake Sinclair real estate needs.

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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Tammy,

Boy, I couldn't agree with you more on so many of your statements here . You said "My opinion is more does not necessairly mean better..." so very true. Just ask yourself who sells the most hamburgers, yet it's not the place you would go to have your best burger.

Our office is very much the same and our clients have become like family and that's kept us in business through all the ups and downs of the market over the decades. With your philosophy I wouldn't hesistate a minute referring you and Lane Realty to one of our clients. Keep up the good work!

 

Sep 30, 2011 06:44 AM
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Tammy - I've learned not to compare myself with anybody. It's not a revenue generating activity, nor does it benefit my clients. The self promotion that some of these companies pay money for is not attractive IMHO.

Sep 30, 2011 07:02 AM
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German, M.A. ABR ASP CIPS

HI Tammy, this is a feature-worthy blog for sure! I would always choose the 1 fine China plate over the 1000 paper plates. Bigger is definitely not always better! I'm also affiliated with an independent broker and emphasis is on quality and customer service not on a big name, ranking or numbers! Well said Tammy!

Sep 30, 2011 07:03 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Lynda- very true of almost everything.  Love the hamburger analogy

Cynthia- I find it laughable when people do compate

Andrea- thanks.  And I think if people think about it they would choose that way too.

Sep 30, 2011 07:16 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Tammy...volume is important if you are selling meat...that has to move, but homes are really about client feed back. No one seems to ask the questions anymore - just play tour guide and hope for the best.

Sep 30, 2011 08:04 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Tammy

The success of a real estate business is based on the quailty of our service to our customers.

Good luck and success.

Lou Ludwig

Sep 30, 2011 09:22 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Steve- agreed on the volume issue, but have been working with more and more first time buyers who do ask the questions.  Makes me love my job again.

Lou- yes, it is.

Sep 30, 2011 11:50 AM
Justin Dibbs
Fairway Independent Mortgage - Ashburn, VA
Mortgage Advisor

Very nicely written.  I was hoping someone would write a response to the announcement that inspired your post :-)

Sep 30, 2011 02:40 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Tammy,

There are many companies who stress volume over quality...and it shows.

Ann Hayden in Wildwood, MO

 

Sep 30, 2011 04:53 PM
Karen Hawkins, MBA - Langley & Surrey, BC
Royal Pro Real Estate Network - Langley, BC

I love this post, Tammy, because it really does highlight the importance of understanding the numbers and not getting enamoured by them...without realizing how they can be skewed!  Great post to stress quality over quantity!

Sep 30, 2011 04:59 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Justin- All the Redfin posts and news about the WRONG stats inpired me.

Ann- it does show doesn't it.

Karen- Always my business plan to stress quality.

Sep 30, 2011 06:26 PM
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

This is just great and a suggest for sure.  You know I am stealing this and will be using it in my presentations.

Oct 01, 2011 12:47 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Tammy,

It shows more than they think....  Sad but true!

Ann Hayden in Wildwood, MO

Oct 04, 2011 04:46 PM