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What would you say?

By
Industry Observer with Vacant Land Solutions NMLS #241036

"Did you know?" the voice on the other end of the telephone asked.

"Who is this?" was my initial response, quickly followed by "Did I know what?"

That's how the conversation began this morning with a local real estate agent (Let's call him Bill) who is a member of the  Charleston Real Estate Investor's Association.

"Did you know that the restaurant that our local real estate club meets at once a week, has just been listed on the Charleston MLS for $1,900,000?"

I could hear the frustration and intensity in "Bills" voice...so, I tried to choose my words carefully as I tried to recall something - anything from my thousands of hours of training in handling objections that could  help me handle this call as gently and tactfully as possible, and all I could come up with was:

"Apparently you have some reason for asking that, may I ask what it is?"

Answering a question with a question, didn't that work for Tom Hopkins 20+ years ago?

Unfortunately, It didn't serve me well, because I spent the next 20 minutes, listening to "Bill" rant and rave about "How unfair it was" and "How this restaurant owner was so disloyal" to the 20-25 real estate agents who patronized his restaurant every week, for almost a year because the "ungrateful" restaurant owner didn't even consider one of our members to list his $1,900,000 property. 

WOW!

A $1,900,000 listing that got away...

Seller not loyal...

Agitated, betrayed agent...

What would you say?

 

Comments(1)

Anonymous
CTH

Poor guy!  Maybe he did not want to have to choose b/t the 20-25 RE's that patroned his business?  Maybe he was just not the right person for a $1.9 property?  Then I guess he should be mad at himself for having patroned this place for over a year and apparently have no idea that the owner was going to list the property as he then could have actually offered his service?  Maybe he should be "in search of sellers" and be more proactive instead of "waiting" for them to come to him.  Oh yeah, he missed the listing - so what - You have been dining there for over a year - so sell it for the listing agent - get part of the commission either way - right?

Oct 10, 2008 03:05 PM
#1