Want Loyalty from your clients?...Then Tell Them!

By
Real Estate Agent with Bob Leigh & Associates, Realtors

I have written my last contract with no earnest money.  A young couple called me and asked me to show them one of my listings this past week.  They were not the typical first-time homebuyers.  They were not nervous, excited, happy or a little bit scared.  They were...well...bored!   I could not get any hit from them as to whether or not they were positive or negative with regard to the house.  They said they liked it...in a bored kind of manner, told me they would get back to me, and bid me a good evening.

The next day, the young lady called me and said they would like to make an offer on the property to my complete delight.  At the scheduled time, only the young man showed up.  He told me that the house would be in his name only as would the note on the property.  I had asked them both previously if they had been to a loan officer and been approved for a loan to purchase the property.  The young man assured me that a very good friend of his (a loan officer) had approved him for more than the owners were asking for the home.

Anyway, I wrote up the contract, all but the earnest money and the purchase price which is normally how I conduct my business.  I leave the hard part for last.  The purchase price was a low offer...that should have been my 32nd clue.  I told him the offer was low but that the owner would probably counter back with something different.  Then I did a very dumb thing.  I accepted the fact that he was not going to put up any earnest money.  As a matter of fact, he didn't even bring a checkbook with him.  He asked me if he had to put up earnest money in order for the contract to be a legally binding document.  I told him no, that it just showed the owner (and me) that he was serious about the home.  He assured me he was, told me to call him as soon as I knew something, and was out the door. 

Ok, I admit it...my brain took a short vacation that evening.  What a dummy!  Instead of summoning up my courage (and good sense) and telling him I would not present the offer without some good faith on his part, I just wilted like a tender flower in the hot sun.  I should have waited till he told me to go jump off a bridge...or went back to his vehicle to get the checkbook.  Instead, here I sit 3 days later, after the owner has made his counteroffer, after I have taken up more of my clients' time to sign off on the counteroffer, after my timidity got the better of me, with no offer and no buyer.  I made one more call today to see if I could show them other property.  Call me a hopeless optimist...or just a plain ole dummy! 

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Tags:
counteroffer
contract
buyer
seller
client
time
property
listings
earnest money

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Rainer
9,873
Sandi Lincoln
Century 21-Iowa
Century 21 Preferred

Hey Ole dummy...ha! Just kidding! YOU told me to call you that...oops, I guess I had another option!

IT'S NOT EASY to ask the hard questions, but you know what! It's OK to piss some people off. If you have to ask a tough question and someone gives you a glib answer, tough love them until you get what you need to be the professional you are.

I have a new client who thinks he can totally dominate my time because he's a heavy hitter, and was angry I didn't return his call when HE KNEW I was at a charity golf event for breast cancer (which his wife died of cancer) I FIRED HIM. I told him I couldn't work for someone who needed my undivded attention, and that I would be more than happy to recommend someone else who would have the time. He apologized and even admitted to being an "ASS". I told him we could try it again, but he would have to know ALL my obligations I take very seriously and I would be there for him as well, but he had to BACK OFF. We are seeing a $690,000 home tomorrow for the second time and I hope he gets it, but if he tries to take me over again, I am sorry, but I won't give him a second chance! MY LIFE IS TOO SHORT AND HE'S no more important than my first time home buyers who treat me with mutal respect, and he's no more important than my FAMILY (boys have baseball games and I won't miss more than one a week!!) and he's not more important than my charitable works, but when I am "his" I am all 'HIS".

ASK THE TOUGH QUESTIONS and never lose your mind again. TELL THEM TO HIT THE BRICKS, because you don't have a sale anyway! FAIR ENOUGH?

BIG HUG!!!! (it's an Iowan thing)

June 03, 2007 11:27 PM
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Rainer
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Alan McClurg

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