Are you hiring a Realtor or a Relative?
Would you let your "uncle Joey" the new dentist, do his first root canal on you?
Tell your family to mind their own business. Tell them to go out and buy an investment property with the new Realtor.
That will shut them up.
Not even a local Realtor? What are you a guinea pig?
You`re lucky there is not a new surgeon in the family.
I hope this helps.
What I'd like to get at is some practical suggestions to offer to help them really get their business rolling. I come from law firms where you "Eat what you kill" so I'm not sure if this is the sort of information you would share but I figured it never hurts to ask. I am a big believer that you need to provide solutions, not just identify problems.
I use it at least 3 times a week, and have read it 20 times.
It is a road map to success. It will make a great stocking stuffer.
I also spend a lot of time reading http://www.Bloodhoundblog.com
The relative can learn a lot there.
The bottom line is that this is a tough business. Relative needs to make something happen everyday.
There is a reason 95% of Realtors don`t make their third year anniversary.
Good luck with the shack.
You have some wonderful advice from the previous posts. I would like to add just a few comments:
1. Time in the business does not necessarily result in knowledge
I know quite a few agents with many years in the business. However, if they never progress, never learn, then how valuable is "time in the saddle". OTOH, I some new Realtors that have been diligent in learning as much as they can about the business, and cal also APPLY what they learn
2. The number of transactions does not necessarily imply good work habits
In almost every market there are a few visible agents that, once you get to know them, you ask yourself the question, "How did they get this far?"
3. As suggested by a number of posters, the question should be: who is the best person to sell my property?
This is exactly the question I would pose to whomever you interview. And in fairness, I strongly suggest that you interview the family member, and two more Realtors. The process will be a very good one for all parties.
I recall when I first got my license, a good friend of ours said, "I going to use Joe because I promised him years ago if I ever moved, I would hire him". That is one way to look at it. I would, as a friend and as a new licensee, if he had said, "I know that you are new, however I like you and value our friiendship. What I will do is interview you just I would another agent. The sale of my home is very important to me and I want the best Realtor I can find. So I am going to give you an opportunity to earn my business. "
That would set better with me. Usually when I am on listing appointments, I am competing anyway. Might as well get the family friend accostomed to it. At least you will have given him a chance. You might be surprised!
I lost a listing once, and the sellers said, (I was competing with another Keller Williams agent, from the same office), "This is very hard for us. However we only have one house and had to pick one".
The last thing I would like to address is the distance issue. Speaking for myself, I have an issue with out of area agents. They don't know the market, they don't know our local rules and regs, and they are not "building their brand" in our market. Referring out of area listings to local agents seems to be in the client's best interest (IMHO).
The Calif. Association of Realtors 2007 Buyer survey shows that buyers are shown the home they purchase by a Realtor 90% of the time. So have positive relations with local brokers is key. As a potential listing agent, I would rather refer a listing a local Realtor that has good relationship with the other local Realtors.
I hope these perspective help. Best of luck to you.
With that being said I would not hire them just because they are family. Have them do a presentation to you just as they would with any seller. Ask them the questions you would ask any agent. If you are uncomfortable with their distance then tell them upfront and tell them that you would like them to co-list with a local agent so that both of them can present. If they does a good job then you hire them. If you still do not feel comfortable then do not hire them. You can explain to your family that is a big transaction for you and you need to be cautious. They are going to be a little nervous presenting to you so cut them a little slack.
Put the shoe on the other foot. If you were them and they were you, what would you expect? This is an opportunity to put a good reference under her belt. Perhaps you could give them 30 days to prove that they can service your home and your real estate needs?? If they drop the ball then you will have no guilt and you can say you tried. If they blow you away then you can send lots of referrals their way.
What distance are we talking anyway. I live in the Atlanta area which is large... I have listed and sold property 45 minutes from me. An agent that gives great service will give great service regardless of distance... I have seen agents who live in the same neighborhood have empty flyer boxes. Distance does not equate to good service.
Best of luck!
Sorry, Deborah, forgot to welcome you back - but you did not make a wave anywhere close to Patrick's. So, here is a delayed welcome back.
Actually, Seller, I thought you were going to give Deborah a call and chat - It would have saved us lots of typing and Patrick's knife throwing.
Then you can come back with anything unanswered after that; which I hope will be minimum. . .
So, here is what I would do if I was you - I will make sure your relative is with a solid brokerage, have him/her co-list with a local agent (how far is far?), make sure they provide you with a ;'detailed' marketing plan for your area, and show that they understand your area; work out a communication plan with you so the distance is not a problem. Also, how much does your relative know about the local real estate law and customary practices? Your family member will need to learn and follow through with all these.
Also, make sure the listing agreement is cancellable - if it does not work out and the only reason you are listing with this family member is because you have to, then watch closely and make sure you are not tied to this if things don't work out.
One of my listings is exactly the same situation except for the person is local. His mentor did not help at all and the house had virtually no presence on the market. Luckily they were able to cancel the contract (actually the person ended up looking for a new job because real estate was too tough to break into).
I am not saying that your relative will not do an outstanding job for you, but It is your house that's at stake.
New agents can sometimes bring new perspectives, ideas, and lots of energy!
If you feel uncomfortable with this realtive's lack of experience, ask him/her to co-list the property with an experienced agent - then u get two for the price of one!
Don't go w/ a family member simply out of obligation. If a newbie has a great support system that will be aiding them, do not rule them out. Put them in the matrix of those under consideration and evaluate all of your prospective listing agents. Newbies, when supported well by a mentor or broker/manger, can do a good job. Make the decision that is best for you as seller, not what the family member needs. Agents often get boot camp as buyers agents and work in to listings. You are not responsible for your family member's training. If the newbie is serious about being a Realtor, perhaps they could co-list w/ another more experienced agent. Only go this route if you are comfortable that your interests will be well taken care of.