A little while ago, a pal of mine informed me a friend of hers was selling his Guelph home, and lamented that it was not running smoothly for him. Word from her friend was there was without any sales activity and the listing agent didn’t are focusing on getting people with the door.

She asked me to visit check out your opportunity online, that we did. What I found was, of course, the listing detail. Besides that, nothing. No virtual tour. No scheduled open houses for Realtors or for the general public. Only a short write-up plus a number of dimly-lit, blurry images of the house which in fact had clearly been taken using a mobile phone. I believed to my friend, “he hired a buddy… didn’t he.” And certainly, he previously. Go forward to months later, additional marketing done at the seller’s initiative (and expense, if you’re able to accept it) and, as memory serves, one or more or even two price reductions. The house sold, nevertheless it took much too long, and eventually it selected lower than it had been worth.

Why? Because someone hired a pal who happened to be a Guelph Realtor without first a little basic steps to determine if his pal was obviously a good Realtor.

I’m not to imply don’t hire a friend. Outside family there’s nothing more important to me than my close friendships. However, selling or buying a property is a huge financial investment and you’ve reached undertake it right, both on the buy as well as the sell. That means: Hire a good Realtor. If she or he is actually your friend, awesome. Discuss a win-win! Among the upsides to working with a friend is the fact that, presumably, he or she knows you inside and outside, and you understand that person has the back. Both are very important when you are buying or selling a home in Guelph.

But there might be downsides, too, and the main you are this: Let’s say your friend really isn’t the very best person to do the job?

Listed below are your two best options, while i view it:

1. Hire Your Friend – however only after you’ve asked him or her to execute a formal presentation, and just if they has truly impressed you. Educate friend that you will be interviewing three (or whatever number) agents and that he or she is one of these. In the event that friend is offended, so whether it is – but I would reason that any true professional within 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 relate One to Another person – if you are certain you don’t wish to mix personal and business. As Realtors, we have the chance to refer clients out to colleagues, plus doing this we typically get a portion of that other Realtor’s fees. So this is a way for you to opt away from getting the friend represent you directly, but nonetheless give him some credit and also the opportunity to have fun with the transaction in a really arms-length way. And it’s a lot easier to know, “We want someone that isn’t a pal, because that is complicated – but we’d as if you to acquire a referral fee… so who can you recommend?” versus, “We felt awkward and simply called so-and-so.”

Every case is unique, and every friendship is unique – so make use of best judgement. But never just ‘give’ someone your small business when it comes to something this important.

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