Welcome to Reliberation Sign in | Help
in
Latest Most Popular Active Watch List Amigos  
Gloria Losie

Compelled to be honest....

By: Gloria Losie
Thursday, May 17, 2007 2:42 PM

I call FSBO's all the time and have had great success with them in the past.  Last night I received a return call.
This man has gone through a Divorce and can't pay 6% yada yada yada.  He has the home rentend at $2600. per month and his mortgage is $2100. The renters treat this home like it is their own and keep it up.  He has started a website with the house advertised.  However, his renters know nothing of this.  I asked him if he listed the home, wouldn't he stand a chance of losing the renters? Yes, he said. 
The market is somewhat soft here in the area.  I said why don't you wait for 6 months or 1 year and then try to list it?  The market may come back strong and you could then explain to your renters you need to sell it.  They may even surprise you and purchase the homes themselves. 

Well he said I was the first agent that called him and didn't try to force him into signing the listing papers?  He appreciated my honesty.  I got his email address and sent him my website info and put him on the Drip email program.  I told him to keep my info and pass it along so if he ran across anyone to let them know about me.  I will check back with him every other month via phone.  I also told him I must have 6% due to all of the advertising I implement in his behalf. 

Did I do the right thing?  This guy seemed so grateful, but I just talked myself out of a listing.  Again, it feels right but it feels wrong. 

How would you have handled that situation????  I depend upon all of you for wisdom.  Start now with the wisdom please.

 

<< Read More at Reliberation.com

Comments

Gary Szolosi
Member Since '03

Gary Szolosi said:

Gloria your actions make me proud to be a realtor because it is not always about getting the listing but doing what is best. You furnished good advice. Your reward will be there when he eventually list. If he doesn’t than someone else will fill in because honest and fair Realtors are rewarded. Good job!

May 17, 2007 1:03 PM
Gloria Losie
Member Since '06

Gloria Losie said:

Thank you, I need that validation.

May 17, 2007 1:07 PM
Mary Welch
Member Since '04

Mary Welch said:

Glolria, one of the big big reasons I got into real estate is because of dishonesty in our profession. My daughter had called a then, big agent in town to look at a property. He quickly told her she would have to sell hers first and he was ready to list it. OH did that make me mad. I called him (before I was in real estate) and told him she was wanting to look and I set up an appointment. I hate dishonesty.

Being honest with people has seemingly not helped my business at times, but I believe it comes back 10 fold. Do it, be honest even when you loose a listing. I have told my husband I could do twice the business I do if I just lied all the time. But, like you, and others, that is not what I am about. It is always right to do right. Keep it up!!

May 17, 2007 1:19 PM
Mary Welch
Member Since '04

Mary Welch said:

Something that was in my high school gymnasium years and years (too many) ago, read "For when that ONE GREAT scorer, comes to write next to your name, He writes not if you won or lost, but how you played the game....

Those words stuck with me and will forever.

May 17, 2007 1:21 PM
Hans Senior
Member Since '07

Hans Senior said:

Be honest, don't try and force a mandate, that's the right way.

The guy will remember you and come back to you (hopefully).

May 17, 2007 1:49 PM
TOM DAVIS
Member Since '04

TOM DAVIS said:

Some realtors would have driven it down his throat just to get a listing.  You on the other hand gave good advice which will result in more business than just this one deal down the road.  

May 17, 2007 2:11 PM
Todd Clark
Member Since '06

Todd Clark said:

You did the exact right thing. If the property is a positive cash flow property there is no reason to sell it!

Todd

May 17, 2007 2:17 PM
Craig Barrett
Member Since '07

Craig Barrett said:

You absolutely did the right thing.

May 17, 2007 2:32 PM
Belinda Walker
Member Since '06

Belinda Walker said:

My name is not Earl, but I DO believe in Kharma.  Doing the right (good) thing will only bring good back to you - and it's usually 10 fold.  It doesn't always come back from the place you sent it; i.e., getting this guy's listing, but it DOES always come back.

May 17, 2007 3:32 PM
Howard Arnoff
Member Since '03

Howard Arnoff said:

I can't add anything more other than to say that you earned the respect of everyone here for your professionalism and honesty. Gloria, that approach will pay you big dividends in the long term.

May 17, 2007 3:35 PM
Elaine Storey
Member Since '04

Elaine Storey said:

I just advised one of my clients not to relist right now.  he has 2 mobiles on an acre that are rented out.  The market here is very slow, so why not let them pay as long as they are willing to until the market rallies.  Lost a listing, but he is an investor and appreciated the advice. I'm glad others are willing to do what they feel is right and that is difficult sometimes when money is tight.  

May 17, 2007 3:52 PM
Bruna Sapochetti/ Salesperson
Member Since '06

Bruna Sapochetti/ Salesperson said:

I believe in the REALTOR® code of ethics and in Providence. Those 2 beliefs have always given me everything I have ever needed in my life, at the time I needed it. The rest is just stuff to carry around. Do you need to carry more stuff, at this present time? If you do, then you should go after the listing, otherwise thank Infinity for the lightned load, and wait with your hands open to receive The Infinite Bounty of the Universe.

May 17, 2007 4:12 PM
Sharron and Steve Lobman
Member Since '06

Sharron and Steve Lobman said:

Let me tell everyone else something about Gloria. She gave me info about a subdivision in her area, with no strings attached. She is a wonderful person through and through!

May 17, 2007 5:25 PM
Gloria Losie
Member Since '06

Gloria Losie said:

You know, I may not have gotten the listing, but I appreciate all the positive feedback.  I feel better. May you all have the best of everything.

May 17, 2007 5:28 PM
Joe Stanley / Pat Holbert
Member Since '05

Joe Stanley / Pat Holbert said:

good for you. placing others needs before the $$$ is an outstanding effort on your part. hard to do, but it is nice to sleep at night with a clear consience. we are no better than our reputation, whether it is favorable or not, again you did good.

May 17, 2007 6:28 PM
John  Bourassa
Member Since '03

John Bourassa said:

Gloria,

You have demonstrated to your customer that values doesn’t necessarily mean the price of a home but it also means measures of decency.

You are the embodiment of what our profession stands for: honesty and integrity.   As we know that no good deed ever goes unrewarded, you may not have gained an immediate listing but you have gained something more precious: respect.  To that man, your good name will echo to his circle of influence. Ant that is the best publicity one can ever get.

I am thankful to know that you are one of us, a Realtor®.

John

May 17, 2007 8:05 PM
Mark Cohen
Member Since '03

Mark Cohen said:

You did the right thing.  You showed great integrity.  You have every reason to be proud.  Don't ever hesitate to do the same thing again in a similar situation.

May 17, 2007 8:25 PM
Howard Arnoff
Member Since '03

Howard Arnoff said:

And you got to be featured!

May 18, 2007 3:22 AM
Steven Burnett
Member Since '06

Steven Burnett said:

Good job Gloria.  I just recommended that a customer stay in his home for awhile because of the flat market too!

May 18, 2007 4:44 AM
Gail Griffin
Member Since '03

Gail Griffin said:

Gloria,

It feels wrong because it goes against all the sales training you have had pounded into your head for years! It feels good because you did the right thing! You served your client and not yourself!

As John said, I am thankful to know you are truly one of us...a Realtor®.

May 18, 2007 10:46 AM
Laurie Skinkle
Member Since '06

Laurie Skinkle said:

I know just how you feel girlfriend.  I just sent a potential client back to an agent that has a familial link to my customer.  My website has been servicing her questions and needs for more than a month but he "sent" her my listing that she has viewed and asked questions of me about 5 times.

That little bit of integrity has cost me in the short term more than $7000 but in the long run I have fostered my reputation of integrity and honesty and I can sleep at night. I really like to be able to look at the "(wo)man in the mirror" and feel that I like what I see.

More money is printed every day but your self respect is a lot harder to recoup.

May 19, 2007 8:58 AM

Add a comment

To post a comment you can sign in using a Point2 ID. Sign in.
Don't have a Point2 ID? Join Point2 NLS or post as a guest.

My Blog

Gloria Losie
Solid Source Realty

Gloria Losie
Member Since '06

recent comments
"have a laugh"
Gloria Losie
"biking can be dangerous"
Gloria Losie
"where are they now"
Gloria Losie
"jazzing up blogs"
Gloria Losie
"pools foreclosure serious h..."
Gloria Losie
"i am on the do not call list"
Gloria Losie
"i am on the do not call list"
Gloria Losie
"limited listing service"
Gloria Losie
"limited listing service"
Gloria Losie
"limited listing service"
Gloria Losie