Negotiation Skills, Expertise, Liability, Knowledge - all equal Commission!

By
Real Estate Agent with Julia B. Fee Sotheby's International Realty #30RO0980081

 

 

Back in October, 2010 I had written a post on how hard we work for our commission.  The same is still true two plus years later. For the seller we must:

 

  1. Inform the sellers if there is a discrepancy at either the Assessor's Office or building Department with regard to the number of bathrooms, bedrooms, etc.  and to help them through the process if a room needs to be legalized.
  2. Pricing the home correctly so those interested buyers step forward sooner as opposed to later!
  3. Listening to the seller to learn what it is they want from us so there are no misunderstandings. Are they motivated? Why are they selling? Relocation? Profit, job promotion, larger home? downsizing? Monetary?
  4. Offering a stager if required....
  5. marketing expertise - being able to advertise the home effectively, and consistently to continually draw attention and those interested buyers.
  6. SEO - Posting blogs about the home, and linking those blog posts to other sites such as Facebook, LinkedIn, Twitter, Google+, etc.
  7. Give weekly updates on the market, their home in relation to other properties, and feedback, feedback, feedback
  8. Offer to take the sellers to see similarly priced homes in the neighborhood so they can understand the  price-point of their home.
  9. Asking the sellers what their time-frame is with regard to selling, and do they need assistance in their search for their next home?                                                        
  10. Suggesting a seller's home inspection if warranted.
  11. Establish a rapport -and a good working relationship.

Every two years in NYS, we are required to take Fair Housing and Ethics Training, and many of us have to complete our 22.5 hours of Continuing Education every two years also. We spend a great deal on research, marketing such as photography, videos, floor plans, luncheons at our listings, photography, giveaways, blog sites, websites, computers, printers, paper and cartridges, brochures......  our car, gas, marketing by way of advertising, lunches with clients, dinners, and it all equals the reason we should not be timid to ask for our commission. We work hard for it, and should not be embarrassed .

 

Westchester is GREAT!

 

 

Comments (13)

Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Great reminders to all of us how our job has changed over the years. More and more we need to offer our clients services that they may not have needed years ago.

Dec 30, 2012 06:05 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

It is harder today to get a hosue sold than it was a few years ago and the time spent in selling is extensive. Nice job with the back links

Dec 30, 2012 06:46 AM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Tammie  -so true!

Dec 30, 2012 07:29 AM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Ed - It is so much harder nowadays! Have aHappy New Year!

Dec 30, 2012 07:29 AM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Gay  So true to have negotiating skills along with the others.  Trying to find a win-win requires a buyer to think like a seller and a seller to think like a buyer.  We are in that position to motivate parties to accept a win-win.  How many times does a buyer think if they get it for $50,000 less the property is worth $50,000 more?  A good deal is a good deal but typically it is worth what you paid for it. Happy New Year

Dec 30, 2012 09:16 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Gay, some posts are forever! Like this one - with very minor changes...

Dec 30, 2012 12:05 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Gay, This is so good. I love the improvements.

Dec 30, 2012 12:18 PM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi John - SO many times, the sellers do not listen to us-  unfortunately!

Dec 30, 2012 10:12 PM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Okay - Praful - I live to learn - tell me the changes and I can implement them!

Dec 30, 2012 10:12 PM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Debbie - I think you had a GREAT idea for a contest... it helped us/made us re-visit our past blog posts..

Dec 30, 2012 10:13 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Gay  What a nice job .A great transformation .

Have a Healthy and Happy New Year

Dec 30, 2012 11:44 PM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Hannah - Thank you! Happy New Year!

Dec 31, 2012 08:15 AM
Rich Gaasenbeek
IXACT Contact Real Estate CRM - Toronto, ON
Real Estate CRM & Marketing Made Easy!

You seem like a GREAT Realtor. Good post! 

Jan 03, 2013 01:07 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?