Archive for the 'North Georgia Cabin Seller’s reVIEWS' Category
Agency Relationships……Do You Understand Them?
March 23rd, 2008Categories: North Georgia Cabin Buyer's reVIEWS, North Georgia Cabin Seller's reVIEWS, North Georgia Real Estate VIEWS
It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. It is equally as important for you to know what agency relationship it is that you have with your salesperson or agent. If it has not been explained to you in a way that you fully understand, or you just simply do not know what type of agency relationship it is that you have, or if any, then you need to stop and ask before moving forward with your agent.
I suppose that every agent has their own way of working with customers.
I myself like to build a good rapport with my customers, and build a relationship in which I have instilled enough trust in both my knowledge and my abilities to perform the fiduciary duties that are expected of me.
Once I have built that relationship, I then explain the types of agency relationships and make sure that they fully understand all of them. At this point, I am comfortable enough to ask for the customer to now become my client. Once a customer agrees to become a client, the proper paper work is filled and signed, and an agency is then created between the principal (client) and the brokerage. Below are great explanations of the types of relationships you can expect to exist in a real estate transaction and the expectations of those agency relationships.
Seller’s Representative (Seller’s Agent)
A seller’s agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract. In the state of Georgia, ALL agents represent the Seller as either the Agent or Sub-Agent unless they have a Buyer’s Agency with a client.
We as Agents are still obligated to be Honest and Truthful to all parties involved in a transaction.
Agents do however act faithfully and efficiently to their clients. Agents must put the principals best interests above all others including the agent’s own; and agents must NOT reveal confidential information to anyone. Confidential information could be a divorce situation, financial constraints, and other information that is confidential to the client and would NOT be to be disclosed. We do however have a duty to disclose to the principal (client) ALL relevant and material information, Read the rest of this entry »
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I Don’t Believe It Has Any Square Feet?
March 17th, 2008Categories: North Georgia Cabin Buyer's reVIEWS, North Georgia Cabin Seller's reVIEWS, North Georgia Real Estate VIEWS
I will never forget that one beautiful summer like Thanksgiving day at Maw’s house. We had just sat down for the feast, and then there was a knock at the door. We weren’t too sure who it was, and after a few seconds passes by, my mom asks me to go see who it is. Well, we had forgotten all about the sign in the front of the house that read…For Sale By Owner. Can you believe that my Grandmother’s house was once a FSBO? Anyway, I remember the conversation between Maw and the potential home buyer going something like this…
Buyer: Hello mam, sorry to bother you on Thanksgiving day.
Maw: Oh, that’s okay.
Buyer: Can I ask you a few questions, I wouldn’t want to just barge in on you, it being Thanksgiving and all.
Maw: Sure…..that’ll be fine.
Buyer: How many bedrooms does your home have?
Maw: It’s got 4….yeah, it has 4 bedrooms….3 upstairs and 1 downstairs.
Buyer: How many bathrooms?
Maw: It’s got 2…..yeah there are 2 bathrooms in my home.
Buyer: Well….can you tell me how many square feet your home has?
Maw: Uhhhh……mmmmm…..sir….it doesn’t have any square feet!
I thought I was going to die laughing along with the potential buyer, Maw just because we were, and everyone else that was there on such a memorable Thanksgiving Day. Read the rest of this entry »
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If You’re Pricing Them Right, You Can Get Them Sold!
October 25th, 2007Categories: North Georgia Cabin Seller's reVIEWS, North Georgia Real Estate VIEWS
With foreclosures on the rise and tougher lending practices, inventory is also on the rise! If listings are getting harder to sell, why take any more? How about leverage…how about marketing opportunities… and how about networking opportunities?
So how do you get them sold? I believe if you price them right, you can get them sold. I don’t mean eventually getting to the price, you got to price them right the moment they hit the market. Statistics show that by the third week you should have reached peak interest in the listing. Knowing that, it is key to price the listing right from the start. Below you will find some recent strategies that I am using in the North Georgia Mountain real estate market to assist me in pricing my listings to sell.
1. Know the Market: Price Accordingly.
After you do your research and you know the prices of the homes that have sold in the area, price at or below those prices. Also keep in mind that as Buyer’s are looking for property, they are going to buy the best house for the money. Knowing this, use Hard Price Points when deciding the final number to use. Please keep in mind that these price points could change depending on your market.
The idea of using Hard Price Points is simply to take advantage of two different pricing markets. Read the rest of this entry »
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Personal Touches To Better Customer Service
October 13th, 2007Categories: North Georgia Cabin Buyer's reVIEWS, North Georgia Cabin Seller's reVIEWS, North Georgia Real Estate VIEWS, Realtor reVIEWS
Have you ever had a client ask you this question…What ever happened to a good ol’ fashioned handshake?
Believe it or not, it wasn’t too awful long ago that was the case here in the North Georgia Mountains, folks really did business on a handshake. However in today’s world of high tech gone wild, I believe we are forgetting about the simple things that mean so much to our customers and clients! Things like dropping by on Saturday morning for a cup of coffee, or an afternoon visit to help out with the yard! I know this may seem a little ridiculous, but doesn’t it mean so much to them? We need to be bending over backwards to take care of our clients in more ways than just on the business side of life.
It’s all about being Good People!
I recently had the opportunity to help a client with a small problem on a piece of property we had just gone to contract on. He had mentioned that someone had come by the property and dropped a load of garbage off down the bank. Not looking for praise, but I showed up to help out with the clean up and the appreciation that was shown was unbelievable. Now I am not the brightest light bulb in the pack, but who do you think might be the first person he calls when he gets ready to buy or sell another piece of property, or better yet who might he tell in line at the grocery store or in the parking lot at church to call when they need the same? Read the rest of this entry »
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