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Choosing Your Real Estate Agent: “One Size doesn’t fit All”

I’ve been reading a number of blog articles lately from other real estate agents who promote themselves as though they’re the cure for cancer. They proceed to explain why potential clients should select them as their agent. They all use many of the same descriptive terms - ‘Honest’ or ‘Ethical’ or ‘Hard-working.’ And it just makes you scratch your head and wonder, if all of them are so honest, ethical, and hard-working, why is the general public’s perception/approval rating of real estate agents so low?one-size.jpg

Many of the agents I know respond to Seller inquiries rather agressively. This isn’t bad, in and of itself. Being confident in one’s abilities is a good trait, as long as it doesn’t supersede or overshadow the best interests of the potential client.

But ‘One Size’ doesn’t fit All. Let me explain…

Whenever I become engaged in conversation with a potential client, I let them know up front, that while they’re interviewing me, I am interviewing them as well. There are so many dynamics and variables that exist from one client to the next, I just never assume that I will work/partner with everyone who asks.

I’m not being rude or arrogant in this approach. The working relationship between a real estate professional and their client is crucial to achieving success. In a slow market like we are experiencing right now, with high levels of inventory and highly selective Buyers, it is imperative that a home be priced agressively and the necessary steps be taken to ensure that the home is adequately prepared for market.

Quite honestly, there are some instances where I feel customers can be served better through other means: 

With all the recent foreclosures, short sales are becoming increasingly common. This area is not one of my strong suits, so I would probably refer it to another agent, one that I know has proven ability.

If someone is ‘upside down’ (owes more on the house than they could sell it for), or lacks equity, it may be better for them to consider using a ‘limited-service’ agency - a ‘per menu’ provider that will place their home in the local MLS for a flat fee. Typically these agencies will only put up a yard sign, fill up the flyer box, and enter the home in the MLS. They typically don’t help counsel you or negotiate any offers that come in. You’re on your own there. But that might be a better situation for some, as opposed to using a ‘full-service’ agent. profile-pic.jpg

What are the specific, current market dynamics in the area of the subject property? What are the inventory levels of comparably priced homes? What are the Seller’s goals or timeframes for selling? These are just some of the nuances that vary with each situation.

So while I like to think I’m a pretty good agent, I realize that I can’t be all things to all people.

That’s one of the many benefits of blogging. It allows me to share insights into who and what I am. Through my writing, I can convey my unique perspective, my passions, and my personality. Prospective clients can determine whether we would be a good fit without ever having met in person. How cool is that?

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3 Comments »

  Matt Thomson wrote @ April 12th, 2008 at 7:54 am

We’ve been having this very discussion on the Tacoma News Tribune’s real estate blog. A new discount brokerage is touting itself as the new wave of real estate, change is coming, real estate as we know it is over…blah, blah blah.
Myself and a few other agents have attempted to congratulate him on his new model, asserting that there is indeed room in this industry for multiple models of business, and have been met with nothing but dissention in return. According to him, one size does fit all, and he has found the size.
Your notion of interviewing the potential client as well is nearly verbatum from Gary Keller’s training books. Agents and buyers/sellers alike have to be willing to cordially part ways if they’re not a good fit.

  Manny Camacho wrote @ April 12th, 2008 at 5:19 pm

‘One Size’ doesn’t fit All’. Quite true. Because of the stiff competition, almost all real estate agents were brain-washed by their brokers that they’re the “MERLIN of the trade”. If you know what I mean. Keep up your blogs, Companero…

[…] Rich Jacobson once again delivers unbelievable content. Choosing Your Real Estate Agent: â […]

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Choosing Your Real Estate Agent: “One Size doesn’t fit All”

I’ve been reading a number of blog articles lately from other real estate agents who promote themselves as though they’re the cure for cancer. They proceed to explain why potential clients should select them as their agent. They all use many of the same descriptive terms - ‘Honest’ or ‘Ethical’ or ‘Hard-working.’ And it just makes you scratch your head and wonder, if all of them are so honest, ethical, and hard-working, why is the general public’s perception/approval rating of real estate agents so low?one-size.jpg

Many of the agents I know respond to Seller inquiries rather agressively. This isn’t bad, in and of itself. Being confident in one’s abilities is a good trait, as long as it doesn’t supersede or overshadow the best interests of the potential client.

But ‘One Size’ doesn’t fit All. Let me explain…

Whenever I become engaged in conversation with a potential client, I let them know up front, that while they’re interviewing me, I am interviewing them as well. There are so many dynamics and variables that exist from one client to the next, I just never assume that I will work/partner with everyone who asks.

I’m not being rude or arrogant in this approach. The working relationship between a real estate professional and their client is crucial to achieving success. In a slow market like we are experiencing right now, with high levels of inventory and highly selective Buyers, it is imperative that a home be priced agressively and the necessary steps be taken to ensure that the home is adequately prepared for market.

Quite honestly, there are some instances where I feel customers can be served better through other means: 

With all the recent foreclosures, short sales are becoming increasingly common. This area is not one of my strong suits, so I would probably refer it to another agent, one that I know has proven ability.

If someone is ‘upside down’ (owes more on the house than they could sell it for), or lacks equity, it may be better for them to consider using a ‘limited-service’ agency - a ‘per menu’ provider that will place their home in the local MLS for a flat fee. Typically these agencies will only put up a yard sign, fill up the flyer box, and enter the home in the MLS. They typically don’t help counsel you or negotiate any offers that come in. You’re on your own there. But that might be a better situation for some, as opposed to using a ‘full-service’ agent. profile-pic.jpg

What are the specific, current market dynamics in the area of the subject property? What are the inventory levels of comparably priced homes? What are the Seller’s goals or timeframes for selling? These are just some of the nuances that vary with each situation.

So while I like to think I’m a pretty good agent, I realize that I can’t be all things to all people.

That’s one of the many benefits of blogging. It allows me to share insights into who and what I am. Through my writing, I can convey my unique perspective, my passions, and my personality. Prospective clients can determine whether we would be a good fit without ever having met in person. How cool is that?

Convert to PDF

3 Comments »

  Matt Thomson wrote @ April 12th, 2008 at 7:54 am

We’ve been having this very discussion on the Tacoma News Tribune’s real estate blog. A new discount brokerage is touting itself as the new wave of real estate, change is coming, real estate as we know it is over…blah, blah blah.
Myself and a few other agents have attempted to congratulate him on his new model, asserting that there is indeed room in this industry for multiple models of business, and have been met with nothing but dissention in return. According to him, one size does fit all, and he has found the size.
Your notion of interviewing the potential client as well is nearly verbatum from Gary Keller’s training books. Agents and buyers/sellers alike have to be willing to cordially part ways if they’re not a good fit.

  Manny Camacho wrote @ April 12th, 2008 at 5:19 pm

‘One Size’ doesn’t fit All’. Quite true. Because of the stiff competition, almost all real estate agents were brain-washed by their brokers that they’re the “MERLIN of the trade”. If you know what I mean. Keep up your blogs, Companero…

[…] Rich Jacobson once again delivers unbelievable content. Choosing Your Real Estate Agent: â […]

RSS feed for comments on this post. TrackBack URI

Your comment

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

HTML-Tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>