I love the conversations that are started just by virtue of being spotted wearing the REALTOR® pin or the RE/MAX pin. If there’s anything folks like to talk about more than cats or kids, it’s their real estate dealings.
And it’s no surprise that there are rarely conversations started about how AWESOME that experience was. It’s usually a chance for this person to vent about what could have been different.
Today’s conversation was fascinating. The gentleman chatted me up after spotting my pin, the obligatory, “what do you do?" question asked anyway. I always answer that question with “
(A little different than your response? I’m loud and proud about my advocacy work in real estate -and by grannies, consumers need to know what we are out here doing that is #MoreThanHouses.)
He just bought his house in December, 9 hours away from his previous home. This is a single dad, moving to get a better quality of life for his 13-year old son. Simply seeking a place where he could let his child make buddies in the neighborhood and leave the house while safely spreading those wings.
He had searched high and low online for this next house. (Using what apps and websites? Zillow because it’s intuitive and easy, Realtor.com for better inventory -but using them in parallel. Realtors, y’all need to use these sites yourselves once in a while instead of always gnashing your teeth about them, so you’ll better understand your clients.)
Anyhoo. He inquired about this one house. Found THE ONE. And all he wanted was the REALTOR to UNLOCK THE DOOR. Not hard, right? Remember, until the future client understands WHAT you do exactly, you’re really not much more than a key service. When he inquired about it, he thought he was contacting the listing agent but he had inadvertently gotten connected to someone who buys leads online. (Hey portals, yes -
, the consumer wants the LISTING agent first. Not the random agent who forked over their credit card.)
You may ask, “Why did he want the listing agent? Doesn’t this schmuck know that he
a buyer agent?” Whelp, he didn’t need one because you hadn’t yet shown any value. This consumer is smart. Savvy. Has done real estate before. He’s in a field full of code and program designers, and he is an implementer who creates solutions for service. He negotiates multi-million dollar deals. A house is, to him, smaller than his job and not as complicated. So when he got hooked up with an agent who was NOT the listing agent, and they didn’t disclose to him HOW they got ahold of him, and then… the part you know is coming… forced him to sign paperwork while he was just trying to get into a house (before any relationship had been established)… the stage was set for something that’s a little less than the perfect love story.
The agent? Didn’t return emails quickly. Didn’t want to talk on the phone. Didn’t work with the amount of care and diligence needed to get the house he wanted. He missed out on THE house because the agent got in the way. (Now, before you start a fight with me in the comment section, think about the fact that whether the agent was working hard or no, this is what her CLIENT thought. So just don’t start up with me.) He found another THE house, which was new construction. What value did the buyer agent provide at this stage? Perhaps be his eyes and ears in this new state? Get builder info for him?
. Got on the contract and then didn’t show back up until closing. I asked if he had gotten a home inspection. He did. His LENDER recommended someone since the agent was MIA.
His follow-up comment was that in his field of work, when you are
happen, you work through it. You never hide. You always do the work. You build a relationship that shows value before anyone ever has to ask or question it.
My follow-up question was, “Would you ever use this agent or office or brand again?”
You already know the answer. The agent’s lack of care and attention has cost this brokerage a future client
all of the wonderful people he meets in every SkyClub from here on out.
I know that my team and I will be discussing how we can best communicate to prospective clients HOW we got a hold of them, and what we can provide in the way of value that goes above and beyond what we are already doing. We need to improve every single day.
While the NAR lawsuit judgment has stirred the real estate world, the industry is far from grinding to a halt. Real estate transactions will continue, and the role of REALTORS® in providing valuable guidance remains unchanged. Consumers should actively engage with their agents, and real estate professionals should focus on the value they bring to the table. The lawsuit is just one chapter in a continuously evolving industry, and both consumers and professionals need to stay engaged and informed.
It's that time of year again, and I'm here to help you make the most of your trip to Anaheim for NAR NXT, The REALTOR® Experience. Don't worry if you're not attending – these tips are great for any big trip! Let's banish the overwhelm and get you ready to conquer your packing list.
The May 2023 edition of "Insight: The Voice of Real Estate in North Carolina" magazine from NC REALTORS® is out now! This edition is packed with articles to help you personally and professionally, including tips on self-care and delegating tasks with virtual assistants. Don't miss out on this must-read edition!