Special offer

An article I wrote for the October 2011 edition of National Realtor Magazine

By
Real Estate Agent with Wynd Realty & Katz Realty Group 385052

Don't Sabotage Sales

Many real estate practitioners fail to take the basic steps needed to get from signed listing agreement to closing.
 

Eleven years into my real estate career, I can still hear the words of my first boss like it was yesterday, “Even if you’re just a sock folder, be the best sock folder you can be!” I’ve made it my practice to follow that advice—and share it with the many agents I’ve mentored over the years.

Unfortunately, some of our industry peers don’t seem to share the same commitment to excellence, hurting their chances of reaching the closing table. For example, not long ago, I was searching the MLS looking for sunny South Florida properties to send to my client in Canada, and I was struck repeatedly by one phenomenon: listings without photos. In my opinion, this omission defies common sense.

I’m not talking about newly listed properties where the photos will be coming soon, but rather older listings that have become stale, no doubt due to their lack of images. When I’m e-mailing a ­client, and I have a wide variety of properties to choose from, how could listing agents who haven’t posted photos expect me to send my client their listings? And if I did, do they really expect my client to say, “Take me to that one—the mystery property with a one-sentence description and no pictures!”?

Another common but faulty business practice hit me in the face recently when my wife and I were in the market to buy real estate ourselves. When we wanted to see a house that we loved (thanks to the pictures), I had to schedule the appointment through a special service that books showings on behalf of sales associates. While this may be a time-saving technique, I think it’s a huge mistake, as it represents the first opportunity for a listing agent to highlight features of a house or convey the seller’s motivation. It’s also a chance for the listing and buyer’s associates to develop a rapport with each other to help get the deal done.

Nonetheless, we were able to successfully schedule a showing, and as we entered the home, I immediately whispered to my wife, “I love it!”

At this point, the seller greeted us himself and said that the listing associate would not be there and that he would be showing us the home. The house was beautiful with an updated kitchen, and a Chicago brick paved patio with a pool. We really couldn’t find any flaws. Well . . . besides the owner!

Our excitement quickly turned into frustration as the owner talked so much that we could barely take in the home and talk to each other. He constantly interrupted us. After about 15 minutes, we found ourselves running to the car because the owner’s verbosity was so disconcerting. Despite this unpleasantness, I contacted the listing associate that evening to find out more about the property and the seller’s motivation.

Rather than call me back, she text messaged me, asking what I needed. I replied that I wanted to know what comparable homes were selling for in the neighborhood. She simply wrote back, “I’m driving,” and I never heard from her again.

It seemed like a sign. We were scared off from writing an offer by the listing associate’s lack of professionalism. She did nothing to nurture her listing and her actions were an excellent example of what not to do, but she did give us insight into how we can tighten up our own game.

It’s simple, really. Take pride in your work and your listings by taking good pictures and writing helpful descriptions. Schedule your own appointments and try to develop a rapport with the selling associate. Personally show the property and request feedback. The point is to give your listings the attention they deserve. If you follow these simple steps, your chances of reaching the closing table are much improved. It is difficult enough to sell a property these days, so don’t be your own worst enemy. You need to be the best real estate professional you can be

Posted by

Jimmy Katz - Broker

Katz Realty Group - Serving Parkland and all of South Florida!

Cell:  305-992-6750

Email:  Jimmy@TheKatzRealtyGroup.com

Charli Bus Bench

Are you thinking about Buying or Selling in Parkland or the South Florida area?  Call us at 305-932-KATZ(5289) or visit us at www.TheKatzRealtyGroup.com.  

 

For more information on The City of Parkland:

 

www.CityofParkland.org

 

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Jimmy Katz - Broker

Katz Realty Group, Inc.

O:  305-932-KATZ(5289)

C:  305-992-6750

Jimmy@TheKatzRealtyGroup.com 

Always search the MLS for FREE at:

www.TheKatzRealtyGroup.com

Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Having no pictures in the MLS is a pet peeve of mine. I also agree...there should be something written about the property besides the obvious facts you can get from the details sheet.

I really hate it when the owners are around. Some are great and leave you alone when you are showing, but overall most of them can be over bearing.

Sep 27, 2011 02:19 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi James.  i agree with you to a point.  I mean I think our MLSs should NOT allow a house to be submitted unless there are at least photos of each major room, BUT you and I know that pictures can be deceiving, those pictures may not reflect what that home looks like now.  So I still believe you need to view any home with or without pictures that there is an interest in.

Last year I was looking for a home for some clients that wanted to live in a particular community and it was very rare that a home would come up for sale.  I mean I even knocked on doors to see if anyone wanted to sell.  There was this particular home that was listed but had no pictures so I naturally by passed it.  It had been out there over 40 days, but something told me to call the agent.  Once I got him on the phone he told me the owners had been out of the country on emergency, no lockbox was put on the house and he had no key because they forgot to give it to him.  That weekend was when they just returned, I mean literally just walked in.  So I asked if I could call he said sure that he was preparing to see them the next day.  I called right away, they said I could come over and let me tell you I knew that house they would love.  I called my clients, waited til they got there and an offer was written on the spot!

Yes, they now live there:)

Sep 27, 2011 02:20 AM
Jimmy Katz
Wynd Realty & Katz Realty Group - Alpharetta, GA
"REAL Solutions for Real Estate!"

cheryl.  while you had a succesful sale on a listing with no pictures, i do not see what part you can not agree with, as you said 'I agree with you to a point'.  your story sounds like a nightmare where the agent was unprofessional in more ways than just the pictures.  if the house was unaccessable for a long period of time, then it was unmarketable and should not even been on the mls in the first place, until it could be viewed by agents.  the lack of pictures just makes the scenario worse.

just becasue a blind squirrel can find a nut from time to time, does not mean that 'sight' is good to a point.  sorry, but i respectfully disagree

Sep 27, 2011 02:28 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

James, I think it's interesting that you mention scheduling appointments yourself. That practice here might actually deter agents from showing. So many agents nowadays don't answer their phones making it difficult to schedule appointments. A buyer's agent is apt to overlook a home if he has to schedule with the listing agent directly.

Sep 27, 2011 05:11 PM
Janet Jones
Just Your Style Interiors, LLC - Kihei, HI
Home Staging, Interior Redesign Kihei, Maui, Hawaii

Hi James--with Realtors acting like this you wonder how they actually expect to pick up a commission check.  If I have to do most of the work myself to set up and see a listing, I don't know why I need an agent.  Short-sighted on the part of the agent I would think. 

Sep 27, 2011 05:16 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

You hit one of my common lines on thead 'Give your listings the attention they deserve."  Right now with REO sales being the majority of listings and sales, of those is Fannie and Freddie listings. They are the most frustrating to inquire about, frustrating to show ,, frustrating to get any answers to any questions and extremely frustrating when submitting an offer. In this case the seller goves all their listings to a few agents who either do not have the time to take care of all the listings or just dont care to work with other agents on them. These listings do not get the attention they deserve, they are losing buyers and we all pay through repeated bailouts of fannie and freddie. They need good agents who are hands on and will gove their listings the attention they deserve.

Sep 28, 2011 01:49 AM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

James, I'm always amazed when I open a listing and there is no photo.  How am I supposed to know what it is that I'm looking at?  Oy!  Good stuff!

Sep 28, 2011 03:42 AM
Aaron Seekford
Arlington Realty, Inc. - Arlington, VA
Ranked Top 1% Nationwide 703-836-6116

"Giving listings the attention they deserve." AMEN! Not having photos and adequate descriptions is inexcusable!

Sep 28, 2011 04:46 AM
Yolanda Hoversten
Self Employed - O'Fallon, IL
Referrals for O’Fallon, IL & the Metro East

Having good photos is key since most buyers look online. We're required to have at least one exterior photo in our MLS. In my opinion that is not enough, but better than zero.

Congrats on getting featured both on the magazine and here on AR.

Oct 11, 2011 12:18 PM