A little while ago, a friend of mine told me a pal of hers was selling his Guelph home, and lamented that it hadn’t been going well for him. Word from her friend was there was without any sales activity and the listing agent didn’t seem to be focusing on getting people with the door.

She inquired about to visit have a look at your opportunity online, which I did. A few things i found was, of course, the listing detail. Other than that, nothing. No virtual tour. No scheduled open houses for Realtors and people. Just a short write-up plus a number of dimly-lit, blurry images of the home which had clearly been taken using a smartphone. I thought to my friend, “he hired a buddy… didn’t he.” And sure enough, he’d. Fast forward to months later, additional marketing done in the seller’s initiative (and expense, if you can believe it) and, as memory serves, one or more if not two price reductions. Your house sold, however it took way too long, and eventually it went for less than it had been worth.

Why? Because someone hired a buddy who happened to be a Guelph Realtor without first taking some simple measures to determine if his pal was a good Realtor.

I’m not implying don’t employ a friend. Outside family you’ll find nothing more essential if you ask me than my close friendships. However, selling a house is a large investment decision and you’ve have got to undertake it right, both on the buy and also the sell. That means: Work with a good Realtor. If she or he is your friend, awesome. Talk about a win-win! One of many upsides to using a friend is that, presumably, she or he knows you in and out, and also you understand that person has the back. Both of them are quite crucial if you are selling or buying a house in Guelph.

But there can be downsides, too, and the main you are this: Imagine if your friend really isn’t the very best person for the position?

Listed below are your two best options, when i notice:

1. Hire Your Friend – however only after you’ve asked him or her to do a formal presentation, in support of if they has truly impressed you. Educate friend that you’re interviewing three (or whatever number) agents and the man or she’s one of them. In the event it friend is offended, so be it – but I would debate that any true professional in this business doesn’t take offense at being required to “win” someone’s business. It’s area of the job.

2. Ask Your Friend to touch on You to Somebody else – in case you are certain you don’t desire to mix business and personal. As Realtors, we have the ability to refer clients out to colleagues, plus doing so we typically get a percentage of that other Realtor’s fees. Thus, making this a way so that you can opt from getting your friend handle your case directly, but nonetheless supply him with some credit and also the chance to have fun with the transaction in an exceedingly arms-length way. And it’s easier to hear, “We really want someone that isn’t a pal, because which is complicated – but we’d just like you to get a referral fee… so who can you recommend?” versus, “We felt awkward and just called so-and-so.”

Every case is unique, each friendship is exclusive – so use your best judgement. But never just ‘give’ someone your small business in terms of something this important.

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