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Jason Smith

My buddy that I've been showing homes to for a year found another Realtor!

10-12-11
Jason Smith

How it feels when you get it from a friend!

I have a buddy who has been telling me for over a year that he's going to upgrade when he finds the right home. He lives in a beautiful house on a golf course in desirable Fayetteville, AR, and is looking to upgrade to a bigger home now that he's married and has a daughter. We've been looking (non-agressively) at upscale homes for quite a while now, and he's starting to get serious because of attractive financing.

Last weekend I was out of town for a benefit for battered women and children in Missouri. He texted me asking if we could go see a home he's interested in. Of course I couldn't because I was away.

Another mutual friend has begun to look at homes with me and may be interested in the golf course home! The other night I messaged the golf course home owners wife on Facebook saying that they may be able to work this one out well and that the buyer is excited to see it.

Next thing I know I have a text message saying not to contact the wife on Facebook...and that they've found someone else to show them the new home.

Holy snap! Here's how the conversation went...through text:

Me - Wow, guess I did something wrong...sorry.

Client - Just gotta keep the wife happy on this one, no hard feelings from me, bro.

Me - Wondering what I did wrong?

Client - Still in meetings at my office can only text for the moment.

Me - Really surprised. Just taken back from it. Just over the facebook thing?

Client - Just akward the way you sent it to my wife on Facebook.

Me - That's rediculous. I was just excited that you guys may get to save a tom on commissions and get to move on to a home you both like. Seems like you feel contacting your wife over the internet is inappropriate. I see that as over sensitive. Sure didn't mean anything by it, and told you no problem on doing it again. Sure have done a lot for you to get dumped over a simple message. Definitely would change my opinion of you. We should probably sit down to see if this can be salvaged. "Buyer 2 was just over...said he's waiting to for a call from y'all to come see your house...he really hopes he gets to see it tonight" - maybe I'm blind, but I can't see how that can be taken as inappropriate.

Client - Chill out...I will call you in a few.

WOW - I was so taken back by this I completely forgot who this friend of mine really was...a prankster. That's right. It's not April, but I'm a fool!

He called me lauging and telling me how he really knows how to get me now! What a dork...we're going to look at homes later this week, and I'm never going to take him seriously again!

Amazing.

Waiting is not a waste of time!

07-05-11
Jason Smith

In todays society we are often pushed to believe that what we want, we need. We believe that what we feel is "fact". We are under the impression that having it "now" is of the utmost importance. Unfortunately, this is something that is turning our financial ability into a huge mess.

While buying a home is the American dream, losing one is a nightmare! Choosing your agent as a buyer has never been so important. Buyers agents have been trained to slam people into submission with a sense of loss if a property sells before you get a chance at it. This is rediculous.

Knowing the market, understanding value, and moving towards your dream of home ownership with direction, knowledge, and purpose is what shaped home ownership into the American dream. What has been practiced over recent years is more like buying an appliance on sale.

Make sure you know your market, make sure you have an agent that will talk to you about value and resale potential. Then make sure the agent can follow that up with some facts.

I have a friend who taught me a great practice. I was in his office one day and heard him on a telephone conversation. He said, "I don't really have all the facts yet, so if you need an answer now...I have to say, "no". If you decide to wait a couple more days I might be able to give you a, "yes"."

What wisdom! He was able to put the ball in their court and save face. It was as if he wanted to say yes, but couldn't. Waiting is not a waste of time. It could mean thousands of dollars. The best negotiations I've ever made for a buyer have been over weeks and even months of submitting an offer...then waiting. The last home I sold was at a 22% reduction from the list price because the buyer took the time to wait.

What's the focus of your business?

06-29-11
Jason Smith

We all get in a groove from time to time, and I think it's important for us to realize some truths about our business in those instances.

First a foremost, I believe that when we are really doing well we need to realize that it is a blessing. We can't dismiss that as sales people a lot of our transactions are nothing short of a miracle. It is business that is trusted to us by referral, or simply tripping over someone who has a real estate need in the line at Wal-Mart. It's what you do with the contact that turns it into a transaction and seperates the professionals from the wanna-be's.

The first and most important step is to get the appointment! So many of us simply talk to someone, realize they have a need, try to fill that need over a single conversation, and then wait to get a call back. This is real estate suicide and not at all what the client even wants. They want and need a process. Schedule the appointment at the end of every conversation. What's the next step in helping them create their real estate goals? That next step needs to be scheduled before the end of every meeting. Even if it's, "I'll call you on this day at this time" that is better than nothing. Leaving your client without knowing what's next will kill your business.

With that said, you need a date book or electronic calander that you keep track of religiously. This can even help you with your taxes later, and I even know an agent that was audited by the IRS that was required to provide a calander to show their activity!

I hope this helps someone keep on track. Be blessed and have a great day!

Jason

Foreclosure on Bank of America! Yep...on the Bank!

06-04-11
Jason Smith
What an amazing story! The tides turned on this bank and they had to deal with the problem so many homeowners have had to deal with. The hope would be that the banks would learn from this, but it's doubtful. At least the homeowners were paid and can go on with their lives.

NEVER NEVER NEVER GIVE UP!!!

05-02-11
Jason Smith

Sellers and Real Estate Agents alike are getting tired of seeing that listing sit and wait for that buyer. I had one myself...ok, more than one, but this is the story.

Cute 1600 sq. ft. home near the U of A, in need of new roof and some minor repairs. Reduced to $80,000 for fire sale. Roof does not leak.

$50 a sq. ft. right?!?! Sell quick, right?!?!? Wrong.

This house sat and sat and sat. All the realtors were telling me what a great deal it was, all the buyers were telling me how much work was going to have to be done. Then, we closed in on the end date of the listing. I stayed in good touch with my seller, had a great working relationship going, and had been completely honest in my dealings, and told her, "Maybe it's just time to rent this vacant house." My company has a management department that could help this seller, and I recommended I introduce that broker to the property.

Well, he loved it. Said it's exactly what he needed for his daughters who are attending the University, and put the thing under contract!

That said, the seller found me on Active Rain! Success story with a photo of a commission check soon to follow.

Happy Selling!

Jason