Klausen Palm posted an update 10 months, 2 weeks ago
A little while ago, a buddy of mine explained a pal of hers was selling his Guelph home, and lamented that it was not running smoothly for him. Word from her friend was there was without any sales activity as well as the listing agent didn’t appear to be taking care of getting people with the door.
She asked about to visit have a look at the listing online, which I did. A few things i found was, of course, the listing detail. Other than that, nothing. No virtual tour. No scheduled open houses for Realtors or the public. Merely a short write-up plus a group of dimly-lit, blurry pictures of the house which had clearly been taken using a mobile phone. I believed to my friend, “he hired a buddy… didn’t he.” And certainly, he’d. Go forward to months later, additional marketing done at the seller’s initiative (and expense, when you can accept is as true) and, as memory serves, a minumum of one otherwise two price reductions. The house sold, but it took much too long, and eventually it selected lower than it absolutely was worth.
Why? Because someone hired a buddy who happened to be a Guelph Realtor without first a little simple measures to determine if his pal would be a good Realtor.
I’m not saying don’t work with a friend. Outside of family you’ll find nothing more important to me than my close friendships. However, selling or buying a property is a big investment decision and you’ve got to take action right, both around the buy as well as the sell. That means: Hire a good Realtor. If he or she happens to be your friend, awesome. Speak about a win-win! Among the upsides to having a friend is that, presumably, they knows you in and out, and you also realize that person has the back. Both are vitally important when you are selling or buying a property in Guelph.
But there might be downsides, too, and also the main one is this: Imagine if your friend really isn’t the best person for the position?
Listed here are your two best options, as I notice:
1. Hire Your Friend – but only after you’ve asked him or her to execute a formal presentation, and just if she or he has truly impressed you. Inform your friend that you will be interviewing three (or whatever number) agents anf the husband or she actually is one of these. In the event that friend is offended, so whether it be – however would reason that any true professional within this business doesn’t take offense at being required to “win” someone’s business. It’s part of the job.
2. Ask Your Friend to touch on One to Someone Else – in case you are certain you don’t want to mix personal and business. As Realtors, we’ve the ability to refer clients out to colleagues, plus doing so we typically receive a portion of that other Realtor’s fees. So this is a way so that you can opt away from getting the friend handle your case directly, but nonetheless supply him with some credit as well as the possibility to have fun playing the transaction in a really arms-length way. And it’s easier to know, “We really would like someone that isn’t a buddy, because that’s complicated – but we’d like you to obtain a referral fee… aren’t can you recommend?” versus, “We felt awkward and merely called so-and-so.”
Every case is unique, and every friendship is unique – so use your best judgement. But never just ‘give’ someone your company with regards to something this important.
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