Inspired Real Estate For Today

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Lessons Learned From the...Second Chance Listing.

 

I thought it was going to be a normal listing appointment.  The call came into the office and went something like this: 

"Hello, may I speak with Lola?"

"Yes, this is Lola with Audu Real Estate.  How can I help you?"phone

"We noticed you had the home down the street listed and wondered if you could come by and let us know what you think about our home?"

Perfunctory comments completed, the appointment was scheduled and subsequently I found myself sitting in their home presenting my Service Proposition.  Except...there was something odd.  The connection or lack of connection indicated that there was something amiss.

When I'd finished, I asked if they had any additional questions or would like to move forward to list their home.  They indicated they would get back to me.  The next day she did.  But it wasn't what I anticipated or expected to hear.  She indicated that prior to contacting me, she had gone by the home we had down the street and had picked up a brochure.  She wondered if I had seen the brochure? 

Our systems tend to be highly automated and finely tuned.  So, although I don't monitor every brochure or marketing piece, once the standard has been set...I have an expectation about what they should look like.  In this particular case, I had not seen the brochure.  When I did, I understood what she told me next. 

The brochure was an amateur version of a black & white cut and paste of an MLS listing...unlike the kind of marketing which ordinarily defined my marketing pieces.  When I questioned my associate, she indicated she had been in a hurry and had just quickly slapped something together. 

Well, it cost me a listing!  Ms. Potential Seller informed me that they were impressed by my presentation and interview.  But she he had called to tell me WHY they were hesitant.  She indicated that after talking to me, she didn't think I knew about the marketing piece that had my company's name on it.  It seemed out of character.

It was a harsh evaluation, but one which I decided to learn from during our frank exchange. I determined to take action.  It was out of this experience that our Audu Real Estate Transaction Evaluation was born.  Every home which is Sold or Purchased through one of our agents is now graded by the Client on a number of different measures of Service. 

Looking back, it was a necessary wake up call for me to clearly understand that what agents and associates do even when you are not looking is incredibly important to the well being of the entire company.  The evaluation served to put our clients in the driver's seat and allowed us to view the results and the process of the transaction through their eyes.

Two Years later...there was another call.  Time had passed.  We had successfully SOLD several homes in this community.  Circumstances had changed for the potential client too.  They had listed with another agent and had not been very satisfied with the service.  She indicated that she had kept that flyer because she appreciated how I responded to the criticism and wanted to give us a Second Chance.

Well, thank God for Second Chances!  Last month we successfully SOLD and CLOSED on their home. The transaction evaluation was completed and sent  back to us BEFORE the closing.  Her score this time...A PERFECT 10! 

Click on this link to see one example of our Marketing on this home and a comment from the seller... 

To learn more about Audu Real Estate and how we can Successfully Market Your Home in a Competitive Market, please contact us at 616-791-0511.

 

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Lola Audu, CRS, GRI e-Pro ~ Audu Real Estate

Lola Audu, is the Designated Broker & Owner of Audu Real Estate.  Our company specializes in helping people buy and sell homes in the greater Grand Rapids, West Michigan area. You can contact us via e-mail @ info@auduhomes.com or by phone at 616-791-0511. Thanks for visiting our blog.  Here are links to some of our most popular posts for you to enjoy!

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Twitter feed for Lola Audu     Auduhomes on Facebook     Lola Audu's photostream on Flickr 

Comments

Lola, I think everyone deserves a second chance.  Although it is nicer to get it the first time around, you at least took the negative and turned it into a positive which is fantastic in itself.  You really were a winner either way.
Posted by Owensboro KY Real Estate Agent Vickie McCartney Broker Owensboro Ky (Maverick Realty) about 4 years ago

Lola,

This just shows the importance of Team Standards and attention to detail.  Better to put out nothing than a poor quality product.  Continued good work and results, overcame the first mess.  Congrats for solving the problem and helping those folks out two years later.

List and Sell (with only First Class Marketing)   Gary @ RentonHomeFinder

 

Posted by Gary McNinch Realtor Renton WA Real Estate (Keller Williams SES Renton ) about 4 years ago
Vickie...Thank you.  So often we only share what we do right.  Sometimes, you learn more by what you did wrong and then have to figure out how to do it right and better the next time.
Posted by Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate about 4 years ago
Thank you Gary.  Standards are an important part of professionalism...so is the evaluation of results.
Posted by Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate about 4 years ago
Lola, That's great!  I agree that everyone deserves a second chance, but you earned it by the way that you handled her criticism, great job!  We also have a customer survey that we get after every transaction, and the do help! 
Posted by Tony Cannon, e-PRO & Darcy Cannon, SFR - The C Team (RE/Max Velocity Realty) about 4 years ago

Congratulations, Lola!

No one is perfect - it's how we handle the imperfections when they come up.  I am glad you got a second chance - and proved yourself so well!

Posted by Laurie Logan-South Central WI Real Estate (Prudential Community Realty, Broker Associate) about 4 years ago
Lola- In this business we learn from 1 mistake and never do it again.  I tend to take criticism like you...I improve!  Congratulations on your second chance.
Posted by Laura Karambelas-Downers Grove Realtor (Baird & Warner) about 4 years ago

Sometimes I believe that agents have no cognizance that what they present to the public has meaning and reflects on their professionalism (and their broker). 

I went through the same experience when we changed from a Exclusive Buyers Brokerage to a Single Agency Brokerage and started listing properties for sale for our contingent buyers.  Agents prepared brochures that weren't worthy of a 3rd grade art piece. 

Since I insisted that I review everything under the title of advertising, I was able to catch these rags before they got to the client's eyes.  I simply reviewed brochures and flyers for compliance with the law and code.  What happened was the discovery that preparing a simple one page flyer was beyond the ability of many agents.  Many times, they were just careless.

We don't always get a second chance. 

Posted by Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) about 4 years ago
Lola, this is such a dilema, when people ( even on our staffs) don't have the same motivation to do it right.I'm so glad it worked out for you in the end, but gee...it is OUR names on the marketing pieces and call backs. 
Posted by Missy Caulk-Ann Arbor-RealtorĀ® Ann Arbor Real Estate (Keller Williams-Ann Arbor) about 4 years ago
Lola, I liked how you handled this right from the start, and I'm sure that is what impressed the seller also. Job not only "well done" but professionally handled!
Posted by Kris Wales - Macomb County MI real estate blog & homes for sale search site (Keller Williams Realty - Lakeside Market Center) about 4 years ago

Lola,

Isn't that what business is all about...no one is perfect, but when someone points out a flaw, isn't it incumbant on us to 'perfect' it...if we want to lead and not be 'cookie cutter'!!! Thanks,   Fran

Posted by Fran 'The Title Man' Gaspari Title Insurance-PA & NJ (Patriot Land Transfer, Inc.) about 4 years ago
Lola, what a great story, especially since it ended so well.  This shows the importance of monitoring even when delegating.  I'm old fashioned enough and old enough to realize I will probably never hire an assistant or have a team but I have had wonderful partners over the years. We all have to remember that ever piece of paper that bears our name is a reflection of who we are.  You are so talented, I am very glad you designed a system that makes sure this won't happen again!
Posted by Lake Norman Real Estate ~ Diane Aurit (LKN Realty, LLC) about 4 years ago
As you know so well, everything an associate does ultimately reflects back on the agency and broker. Brokers and office managers must keep close tabs on the activities and practices of their sales associates.
Posted by Rosario Lewis, GRI, SRES ~ DDR Realty, Orange County, NY (DDR Realty) about 4 years ago
Congratulations.  Sometimes we have to be vigilant in our practices.  With color being so easily to print ourselves we all should only have color brochures.
Posted by Russ Ravary - Metro Detroit homes - Michigan Real estate & Mortgage info (Remerica Hometown One) about 4 years ago

Lola,

Congrats for getting the "call back" on this one.

You are so right on your analysis of the situation. As for the brochure/flyer I've seen some that look like cut and paste "ransom" notes, big mistake. Most agents don't realize that in the beginning (you know when they just fly out of the box the first week or two) they are usually viewed by neighbors.

As for your clients grading you, that takes courage, yet extremely beneficial.

Posted by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA (Preferred Home Brokers) about 4 years ago
Hi Lola.. I just love your story.... Thank God for second chances...... I know that because your such a great person... people will come back to you again and again .....Keep Shining.....
Posted by Donna Paul- Long Island Home Specialist Search for Long Island homes (Keller Williams Realty Greater Nassau) about 4 years ago
Lola - glad you got that second chance!!! Congratulations on the sale!
Posted by Bill's Blog - Florida Realty Professional - AHWD (Charles Rutenberg Realty) about 4 years ago
A true professional - Congratulations Lola! And congratulations to the client for realizing you were indeed the one to list and SELL their home
Posted by Debbie DiFonzo - United Country VIP Realty, SW Missouri about 4 years ago

Hi Lola,

Fantastic story, you deserved that second chance. You handled the criticism with integrity and took responsibility to correct.  :)

Posted by Somerset MA Real Estate ~ Suzanne Sands (Pavao Real Estate) about 4 years ago

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