Calling the Agent on the FOR SALE SIGN -- GOOD IDEA?!?!?

By
Real Estate Broker/Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon

So, you're driving down the street and you see a FOR SALE sign.  You've been in the market to purchase for awhile, and think you know all about real estate.  You think that by calling the agent who is featured on the for sale sign yourself, you'll get information about that property . . .

"Hi, I'm calling about the house for sale on Elm Street.  Are you Amy Agent?"

 "Yes, I'm Amy.  How can I help you?"

"Well, I'm really excited about this house.  I work close by and drive home this way every day.  I just LOVE this area.  I don't know the asking price, what do the sellers want for it?"

"Oh, the house on Elm . . . we have that at $295,000, which is a STEAL."

 "ONLY $295,000, gosh I thought that would be much higher.  I'm qualified for $350,000 . . . when can I see the inside?"

"Well, I'm having an open house and I'm planning to have a good showing. We just listed today and already I'm getting calls on this place."

..............................................................

By now, the drive-by buyer has tossed the baby out with the bathwater!  They've called the listing agent -- the agent who is HIRED BY THE SELLER!  The listing agent is under contract, and has an "agency relationship" established with the sellers.  They are now -- in legal terms -- the agent of record and have a FIDUCIARY DUTY to their clients.

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Let's review the above conversation:

1) The buyer has already told the agent of their excitement, and desire for the house.  Your Exclusive Buyers Agent would KEEP EMOTIONS out of it!

2) The buyer has already mentioned how much they are qualified for -- forget about a reduced price, or other seller concessions.  The listing agents KNOWS the caller is well-qualified to buy . . . and can afford it!  Your Exclusive Bueyrs Agent would never discuss what you are qualified for.  They owe their fiduciary duty to you!

3) The agent is getting calls on the place -- THE BUYERS!  Your Exclusive Buyers Agent would make all the calls for you . . .

------------------------------------------------- 

 A call to the listing agent by YOUR Exclusive Buyers Agent would go something like this:

"Hi Amy Agent.  This is Carla Muss-Jacobs, the Broker/Owner of EBA Portland.  Listen, I have a client who wants to tour, is your listing available?"

"Hey Carla, thanks for calling.  Please tour . . . it's available!!  You know, I'm having an Open House this Sunday, but get your client in NOW.  My clients are really flexible on showing."

"Thanks, I'll set that up with them.  I notice the price is $295,000 . . . you know that seems a tad on the high side for the area."

"You know, it might be.  But, my clients are really MOTIVATED, and we have some wiggle room.  They're moving in two weeks for a job transfer.  They're getting anxious.  Write it up Carla!  Bring in your offer!"

 ------------------------------------------------------

Notice a difference?!?!

Give me a call or email . . .  let's start shopping!!

Posted by

Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

Buyer Questionnaire

100% Buyer Representation ~ 100% of the Time

Isn't it time you had your own Exclusive Buyers Agent?

 

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Rainer
40,349
Cindy Richter
Interior Motiv Home Staging - Flower Mound, TX
IRIS Dallas, TX Home Stager
Wow, who knew?!?!  I am a stager and didn't know the difference.  You have really educated alot of us!  Thanks
May 19, 2007 03:39 PM #1
Rainer
148,853
Bettina Clairmont
Bettina Clairmont - San Francisco, CA
CPA

Carla, what a great example of how to explain to buyers why they need an agent on their side. Thanks for getting the word on Exclusive Buyer Agents out.

May 21, 2007 01:09 PM #2
Rainmaker
210,356
Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Long Beach, CA
First Time Home Buyers Los Angeles, Long Beach

Love this Carla!  This is exactly why I have a Buyer Guideline and protocol that I go over with my buyers!!

Feb 22, 2010 03:30 PM #3
Rainmaker
495,638
Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Carla - Can't believe that this was your very first blog.  I still have problems producing ones as good as this, well into my blogging.  Love your example - It's amazing that even after we explain the pitfalls of having the listing agent represent you as a buyer, some buyers still don't get it.

Feb 22, 2010 09:19 PM #4
Rainmaker
1,333,094
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

Hi Andi . . . thanks for your 2nd chance!!  ;-)

Hey Leah -- Yup, this was the first.  And thank you for the compliments.  Yours are good too!!

Feb 22, 2010 10:22 PM #5
Rainmaker
374,842
Robin Dampier REALTOR®
Coldwell Banker King - Hendersonville, NC
Hendersonville & Western NC Real Estate Source

I agree great post, let alone your first one!!  You have a good flair for writing and "splaining".  Deserves to be featured!

Sue of Robin and Sue

Feb 23, 2010 12:13 AM #7
Rainmaker
1,333,094
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

Hi Robin & Sue . . . thank you very much!! {blushing}

Feb 23, 2010 12:47 AM #8
Rainmaker
337,389
Judy C. Jennings
William Raveis Real Estate - Plymouth, MA
Broker Associate in Plymouth County MA

Carla - This is an excellent post. You really do a great job of delivering the message to the drive-by shoppers. I agree this is worthy of a feature.

Feb 23, 2010 06:11 AM #9
Rainer
108,064
Ron T. Weems Jr.
Weems Real Estate Group/N.W.R.E. LLC - Marysville, WA

Carla, this is a good post. You will have that problem if you don't educate and drive home to your clients that it is in their best interest to let agents know that they are represented. They buy off emotion, so common sense goes out the window when they see their dream home.

Feb 25, 2010 12:00 AM #10
Rainmaker
378,224
Bob Willis
Berkshire Hathaway Home Services California Properties - Whittier, CA
Whittier Realtor® Sells Homes in Southern Cal

Hi Carla, Great explanation of the advantages to a buyer of having representation.  It is amazing how many people think they are going to get a deal by calling the listing agent.

Dec 20, 2010 03:44 PM #11
Rainmaker
1,333,094
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

WOW -- this was an oldie.  I can see I didn't develop my blogging style yet!  :-)  Might have to freshen this one up a bit!!  Thanks for Bob for bringing this up again.

Dec 20, 2010 04:26 PM #12
Ambassador
1,549,961
Liz and Bill Spear
RE/MAX Elite 513.265.3004 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Who knew you'd go from this start to a million Active Rain points??  Some early congratulations :)

Jun 12, 2013 03:36 PM #13
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Rainmaker
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Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
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