Survey Proves, Less than 1 Out of 3 Recontact Past Agent
There are many
reasons from which a solid bond can be. formulated between a real
estate agent and a client. Once that bond is formed, there is no
telling how far that relationship may go. In fact, I know of personal
situations where the relationship has bIossomed into personal friendships
and repeat business relationshiPs that have lasted over 20 years.
Statistics
prove that many things can come in the way of an on-going relationship.
but most of the time the reason boils down to lack of care or poor
communication. Surprisingly. there are not nearly as many cases
of dishonesty. bad business ethics or lack of proper business practice
as one might expect.
The element
of communication starts from the very day in explaining the market,
explaining pricing.. using comparable sales, discussing closing
costs, the physical inspection process, and the entire buying and
selling escrow procedure.
The next part
of good communication between a seller and a listing agent is feedback.
Sellers like to know what potential buyers and other agents are
saying about their property after a showing, and the sellers also
like to receive constructive tips on what to do to make their home
more attractive and marketable. As market conditions change or new
homes come on or off the market. sellers like to be kept informed
- whether its good news or bad news. Sales, new listings. price
reduction, etc.. are all pertinent and of interest to the typical
seller.
Once there
is an accepted offer, sellers still like to be updated continually
as to any information pertinent to the transaction including the
physical inspection process and consummation process of the buyer's
financing contingency.
Escrow instructions
deserve communication and special attention to detail. A good agent
will proofread escrow instructions, keep his or her client in the
loop, keep the client informed as to the progress that is being
made to eliminate contingencies, and see the transaction through
to the closing. Then at closing, the agent will stand ready to discuss
the closing statement and any last minute questions that still remain.
Finally, there
will be another phone call to remind the client that even though
the transaction has closed, the services offered are never ending
and that at anytime a real estate related question comes to mind,
the client should not hesitate to call.
A good agent
stays in touch several times a year. Starting with a week or two
after the closing particularly with a buyer to see to it that everything
is okay. If there is a problem. a good agent will get the problem
solved after he or she has received his or her commission check.
Good communication
is the way to good business. A good agent who believes in building
relationships for life knows that communication is the number one
ingredient to repeat customers and referrals.
Copyright© Ron Wynn 2000
|