Having a good relationship with your property buyer can be
beneficial in the long run. When you have a good relationship with your agent,
it means that you can get a good property. It means that the relationship will
be fruitful and successful which is what you really want. Here are some tips on
how you can improve communicating your real estate agent.
Maintain a high level of trust
When building a relationship with your Property buyers agent, it can be easy
to focus on trusting them and forget that it works both ways. For an
agent-client relationship to stay successful, trust from both sides needs to be
present from the start and maintain until the very end.
Get a good referral
Sometimes it is all about who you know. (Or who the people you know, know.) Odds are you already know an agent or two, or
you know people who are friends with agents.
They are often a good place to start.
Ask around for the right type of person (based on the last post) and see
if you can find them among your network.
But even if you don’t have any in your network, find a real
estate office in your area and ask the main broker who they can recommend who
will be aggressive on your behalf, and not be complacent. You really are looking for an agent who can
service your needs, and that requires someone with the right skills (they know
their market and how to search it) and the right motivation (they are hungry to
learn, grow and develop).
Don’t be tight-fisted
If you’re adamant that your agent should cut into their
margin and drop their commission, don’t be surprised if they seem like they’ve
lost interest. Agents base their livelihood off of the commission they make.
That’s great news for you, because it means that they have a vested interest in
getting your property sold.
Break their paradigm
Here’s the thing … a lot of agents are trained from the
moment they get their license, that the most houses they’ll probably ever help
a customer buy is one — the one the customer will live in. That is a paradigm that gets engrained in
them from day one.
And since they are in the business of making commissions,
the answer to them is to be working with a lot of different clients at the same
time, allowing them to maximize the amount of commissions they’ll make.
Be punctual
If you’re setting appointments to meet your agent, it’s
common courtesy to be punctual and arrive on time. Although you might have a
busy schedule, they do too and if you’re late, they’re either going to have to
cut the meeting short or be late to meet other clients.
Get some practice
The reality is, if you are new to the investing game, you
probably don’t have much experience or don’t have the experience to really show
a realtor that you know what you are doing (if you even know what you are
doing).
And that is okay. We
all start from zero knowledge and build from there. Skills in real estate investing aren’t
something any of us are born with, and like any skill it takes consistent
practice to get better.
So, perhaps one solution would be to find an agent that is
also learning their craft and work with them to learn together. You both learn from each other and from real
world action and experience, which means each of you is growing and moving
forward.
Nice article
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