Tuesday, April 15, 2008

Are Real Estate Reality TV Shows giving our profession a bad name?





A few days ago we received a call from an investor who informed us they were interested in selling their home.
That being said it usually means they`re interested in listing the home and placing it on the MLS.
We began to discuss a strategy on how we can "market" the home and the investor decided to set me straight.

They explained how they had "NO INTENTIONS" of listing ther home with an agent,they wanted us to locate a buyer for the property!They expressed how Realtors help others on REAL ESTATE TV shows!
Lately, we`ve been receiving these calls on a regular basics. For some unknown reason many investors and homeowners believe they can contact the local "Realtor"just like the TV does and have them find a buyer for them because it`s our duty.
It`s becoming an epidemic in our profession as people feel they no longer have to commit to anyone,and expect results!


Two weeks ago we received a similar call from a person who wanted us to "Advertise" their property without offering us a commission. They wanted us to do the job Pro-Bono.


Many feel these reality TV shows make Realtors look like puppets when showing a home or negotiating a sales price.
These Real Estate TV shows protray Realtors in a bad light!
Everything that is done on these shows make selling a home look like any Tom,Dick or Jane can do what we do!


The simple truth is we don`t and it`s fascinating to listen to people contact with us with jubilation and expect us to perform our trade without compensation.

Back to the caller for a moment. The investor expressed to me how "They Overpaid" for the home.They realized the home was "upside down" so therefore, they couldn't afford to offer us any compensation,but if I heard of someone interested would I be so kind to give pass them the name?

The person felt we as Realtors are overpaid as it is,therefore, when someone is in trouble, it`s our civic duty to help,without any questions asked!
I decided to ask this person a few questions.


The conversation is as follows:
Me:Who sold you the home?

Savvy investor:I bought the home through our Investment Club.

Me:Why don`t you call your investment club for help?

Savvy investor:They disbanded last year,after we all realized we needed professional assistance when buying a home.

Me: Great, I told her now it`s time you hire a professional to bail you out!

Case closed!

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