Ways to Lose Your Client's Trust

This is a short but accurate article from Realtor.org outlining 3 mistakes a Realtor can make to quickly lose their client's trust.
I can relate to Rule #3:
Saying what your client wants to hear. When I hired the father of one of my son’s friends to sell my last home, I asked him if we could get a very ambitious price for it. He said what I wanted to hear: "No problem." Well, he got the listing but couldn’t sell the house.I know for a fact I have lost listings to competing Realtors because I told the clients what they didn't want to hear. But I also admit that I try and educate the client and can forget that building repoire is also an important part of earning someone's trust.
So I brought in the top salesperson in town, and she promptly told me what I didn’t want to hear: "Replace these windows and lower the price by $125,000." She sold the house in less than a week. I recommend her to everyone.
Anyone out there have similar stories? Like when you hired your friend only to fire them 6 months later, hired a top producing agent, they show you statistically why you need to reduce your price by $100,000 and the house sells 30 days later?
I'd love to hear them.



3 comments:
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Betty
http://www.my-foreclosures.info
Nice post and great photography. =)
Obviously 90% of listing meeting I go on right now in the Forney area the people are not going to be able to get what they want for the home.
I know the list price they want is not going to cut it and normally suggest to them the price I believe it would sale at.
I do suggest/prefer them to choose to go with their price for a while, as long as we have an understanding that I could not see it selling at that price but will entertain them for a while and will come back and suggest price reductions as showings ultimately do not happen.
One of my first listings went with my suggested price and was under contract in 3 days.... Then they of course started getting ancy and second guessing if they went to low. Luckily on that one I was correct as even the appraisal came in under contract price.
I would hate the situation though where a buyer got a contract immediately for full price on their property and then second-guess my price and or believe I went to low and thus probably lose a referral source.
Forney Tx Realtors
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