Kathy Jackson: Sins of the Seller or Sins of the REALTOR?? Maybe Both!!

Sins of the Seller or Sins of the REALTOR?? Maybe Both!!

A while back, I read a great blog by Clint Miller called The Sins of the Seller.  It was a great post that really highlighted how a home is viewed from the buyer's perspective.  However, I keep thinking about that blog.  Was it really the seller's fault their home showed so poorly?  Or could it have been the aJust Guessing Isn't Good Enough!gents fault? Or was it both?  So, I put together my own list of Sins:  Sins of the REALTOR! 

1.  Not preparing a detailed CMA-also call GUESS-TIMATING MARKET VALUE!  Part of our job is education of our potential clients.  I believe this includes completing a detailed CMA that shows the seller what similar homes are selling for in their area.  If similar homes are comping between $100,000 and $110,000, then it is a waste of the seller's time to list the home for $125,000.

2.  Not advising seller's how to prepare their home for showing.  As agents, we go into all kinds of homes and we see first hand what buyer's are looking for in a home.  Having a clean, uncluttered home shows much better than a dirty, smelly, congested home.  We need to tactfully let potential clients know what can affect the sale of their home.  As an agent, if you don't have an eye for How cute for some but not others!staging, suggest that your client hire a stager to make their home show ready.

3.  Not advising clients to remove pets during showings.  This is not only a good idea for the best showing, but for the safety of both the pet and potential buyers.  How would you feel if Fluffy the cat escaped through the door during showing?  Or if cute little Sparky bit a potential buyer?  Not only could your client be looking at potentially expensive hospital bills, but also the loss of their beloved pet.  I've also had several clients who are extremely allergic to pets and started swelling up the second we entered the home. Little Zena-Weiner on left is so cute, but not for everyone!

4.  Not suggesting the client have a home inspection before listing the home.  Yes, this costs money, but the long term benefits are worth it.  With a pre-listing home inspection, the seller will know of any potential problem areas and can address them before it scares off a buyer.Please buy this house!

5.  Following the 3 P's. The 3 P's are Place an ad in the paper, Put a sign in the yard and Pray.  Marketing a home has changed so much in the last few years, let alone the last decade.  Agents must keep up-to-date on the latest means of reaching potential buyers.  This has to include Social Networking sites, blogging, websites, email, texting, etc.  The days of the 3 P's being the only way to market a property are gone.

6.  Don't bother communicating with your sellers! Seriously, I have heard many tales from my clients how they listed their home with Suzy Realtor and once the sign was in their yard-never heard from her until the listing was going to expire!! Then Suzy showed up at their home with an extension in hand with a laundry list of ideas on how to get their home sold.  I always make it a piont to keep in touch with my clients at least twice a month, sometimes much, much more!

7.  Ignore the "traditional" methods of advertising.  Yes, I know what I said in #5 above, but there are some markets where some of the traditional methods still work better than Web 2.0.  There is one community here in my neck of the woods that I have to run an ad in the local paper and include my listings in the Catalog Book.  All of the internet contact I have received for one of those properties has been from a potential buyer that is out of state!  So, make sure you don't discount something that does work and add to it with other methods too.

8.  Don't bother updating the CMA.  In my area, it's not uncommon for a property toFuzzy Pictures Drive Me Crazy! be on the market for 100+ days.  It's important to update the CMA to make sure that the pricing is still on target for the home.

9.  Video-hah! Clear pictures? Seriously one of my big pet peeves is when I see a listing with no Virtual Tour, one or two photos and they are blurry to boot.  I really just want to find the nearest wall and beat my head against it!!  Take the time to look at your pics & video on the mls or website.  Sometimes, what looks good on the camera does not translate well to the internet!

10.  Hello, you've reached Suzy Realtor and I'm just too darn busy to answer or return your call! I know we can't answer our phones every time it rings, but I have know several agents that never answer their call.  As I'm dialing their number I am rehearsing the message I'm about to leave.  I also know that I will probably be calling them back later in the day because they are too busy to call me.  See above for instructions on beating your head on the wall!

Well folks, there's my ten Sins of the REALTOR.  I hope you enjoyed it.  I plan to be "sin-free" long into my career!  If you are looking for a sinless REALTOR, please feel free to call me-I will answer my phone!

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Comments

This is great!! I flagged it for a feature!!

Love the 3 Ps....Im going ot end up using that in the future, I know it. :-)

Posted by Clint Miller (Real Estate Pipeline, Inc.) over 2 years ago

Sweet!!  I just kept thinking about your post and finally sat down and made myself write!  You just made my day!!  I am doin' the happy dance!

Posted by Kathy Jackson, CDPE Henderson Kentucky Homes for Sale (RE/MAX Superior, REALTORS) over 2 years ago

#10! Often times I find myself sitting in Dr. Phil's chair trying to help Realtors cope with other Realtors. The biggest complaint we get is LACK OF COMMUNICATION from the listing agents,  "If they have so many listings, why not hire someone who answers the phone and returns calls?" 

#4! I might add... get your termite report done before listing. We just did a $17,000 rehab on a large balcony deck that could have been avoided if the termite report was done before entering escrow. We would have suggested just taking the deck down for about $2,000, but it went into escrow and buyers demanded it be done as a section 1 item.

Thanks for the post and helpful reminders Kathy!

Posted by Jerry Bronstrup (Bristol Builders, Inc. Your FHA Expert 866-775-8169) over 2 years ago

Jerry-

Thanks for add-ons!  #10 is so true and drives me batty!!  I should've added #11 Don't get feedback on showings!  I showed 7 houses listed with 6 agents on Saturday and only had 2 of the agents call me for feedback!  I guess they are just to busy....

Posted by Kathy Jackson, CDPE Henderson Kentucky Homes for Sale (RE/MAX Superior, REALTORS) over 2 years ago

Hi Kathy~ How great would that be it be if the sellers would do pre-inspections!  It would save a lot of headaches and money later on!  As far as feedback goes, you could just go ahead and call or email them the feedback while it is fresh on your mind.

Posted by Owensboro KY Real Estate Agent Vickie McCartney Broker Owensboro Ky (Maverick Realty) over 2 years ago

Hi again Kathy~ Why would a seller ever think it is ok to leave the pets there for showings?  First of all, it is a safety issue, and second of all, if the pet gets out, then what? 

Posted by Owensboro KY Real Estate Agent Vickie McCartney Broker Owensboro Ky (Maverick Realty) over 2 years ago

Vickie- I don't understand it either.  There are several listings in our MLS that say things like: "Don't let the cats out." or "Dog in house-friendly".  Being a dog trainer on the side and owning 4 dogs, I can say that while most dogs are friendly when the owner is there, it's a whole different story when an owner is gone.  The dogs instinct is to protect the home!  I would never ever recommend leaving a dog in a home during showings-not even in a crate!  It's as much about the pet's safety as it is the people's safety!

Posted by Kathy Jackson, CDPE Henderson Kentucky Homes for Sale (RE/MAX Superior, REALTORS) over 2 years ago

Dear Kathy,

Please protect thyself before engaging in the head banging wall routine.

 

Erby - Cynthiana Kentucky Home Inspector Safety Helmet

Posted by Erby Crofutt, the Central Kentucky Home Inspector, Lexington KY HI-2041 (B4 U Close Home Inspections&Radon Testing (www.b4uclose.com)) over 2 years ago

ErbyI LOVE IT!!! LMAO!!!!!!!!

Posted by Kathy Jackson, CDPE Henderson Kentucky Homes for Sale (RE/MAX Superior, REALTORS) over 2 years ago
Frkanly I think that's absolutely good stuff.
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