Travel is my dream

Spa changes everything

Capture the moment




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.

1 comment: