How a Seller's Market Affects Realtor Relationships

Reblogger
Real Estate Agent with Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team 93383

This is so true.  Thanks for blogging this.  I am sharing.

Original content by Dr. Paula McDonald TREC #547752

This may be a touchy subject but here goes... Most of the country is experiencing a housing shortage and finds itself in a competitive seller's market. Competition to gain new listings is fierce and the end result is a lot of stress and sadly, the demise of many professional relationships.

As the market began to heat up, many agents began seeking new and creative ways to attract sellers. Unfortunately, this often brings in to play, a shark mentality. While a shark mentality can often be what it takes to get some transactions to the finish line, the end result many times are agents who find themselves as adversaries.

I've always said that this business is about relationships and this not only includes our clients but also our colleagues. Life is short and making enemies is not something that many of us enjoys. That being said, it happens and lately, I see Realtor relationships taking a hit daily.

Here are a few suggestions to maintain positive Realtor relationships even in a tough and competitive market:

  1. Remember to see the agent on the other side of a transaction as a person who has real-life struggles and issues just as you have them.
  2. Keep the lines of communication open. When each party is able to effectively communicate, it is much easier to work through issues.
  3. Maintain your cool no matter what. Stress brings out the ugly in people. Don't allow a blow-up to destroy a professional relationship.
  4. Be kind. Treat others as you would like to be treated.
  5. Do your part during a transaction. When another agent has to pick up the slack for an agent who is "slacking" on their part, it causes tension.
  6. Don't take out your frustration on anyone else. Seek ways to de-stress without making others pay.
  7. Play fair. Own your mistakes, show grace when needed, and no matter what, always do what is right.
  8. Admit when you are wrong. Whew! This is a tough one but so important. Never blame someone else for something you did.
  9. Recognize that everyone is in the same boat. Celebrate wins for others, show humility when you are the winner.
  10. No matter what, if you do what is right, you will sleep well at night. Never compromise on doing the right thing.

This market will change. And when it does, we are all still here. Broken relationships are difficult to mend. Do what you can to keep the peace, maintain friendships, and keep professional respect as a top priority.

I remember all too well what a buyer's market is like. The shoe can change overnight. People are more important than anything else. Show respect, be nice, and let's all play nicely in the sandbox.

 

Beam & Branch Realty       

"Have you fully lived today?"

   Paula L. McDonald ~ REALTOR®, 

        Granbury, Texas 

 936-203-0279 Direct

Selling Hood County and surrounding areas!

PaulaMac59@gmail.com 

      CNE

Houzz      

 John Maxwell

Farm & Ranch

 


          ABR                 Institute for Luxury Marketing                Institute for Luxury Home Marketing

 

Graduate Realtor InstituteC2EX

 

Copyright 2021 Paula McDonald

Comments (6)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ginger and thanks for sharing Paula blog with us here in the Rain.  Can not see why realtors would get upset.

 

Mar 25, 2021 11:56 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

"Don't get too complacent when things are going to well is what all of us want to say to our clients.

Mar 29, 2021 10:24 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This is very much about relationships and all of business is very much about relationships as well. :

Apr 14, 2021 05:54 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I was looking for your current posts. I hope all is going well for you.

Jun 14, 2021 09:53 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ginger - these are important rules to live by.  In this crazy market respect and humility goes a long way.

Jun 22, 2021 04:42 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Coming back to this, I’m glad to see people adapting Azzie see fit and moving the whole culture forward

May 24, 2022 06:34 PM