This is unfortunately just a new twist on an old theme.
My word processing software comes with a spell-checker. I will go out on a limb and say that most word processing programs include this feature. I also believe that dictionaries are still in print.
EXCELLANT BANK OWNED OPPORTUNITY!! lOOK NO FURTHER THIS SPACIOUS 4 BEDROOM 2.5 BATH IN SCRIPPS RRANCH IS A FAMILY PLEASER… KITCHEN AND DINNING HAVE RECESSED LIGHTING…
I know, I know. I am fighting a battle I will never win. Why is it that agents find writing 200 characters of text to be so challenging? More importantly, why is it that their clients are okay with the results? Sure, this is an MLS excerpt for a bank-owned listing, but the bank is still a client. Okay, fine. The bank is a busy-busy, frowny faced entity right now. They are trying to move their very large inventory, and it is not practical to suggest that they are in a position to monitor the comings and goings of the agents who they have hired to represent them.
I can’t resist a footnote. This same listing shows “N/A” for almost every input field including “pool” and “spa,” even though the description tells us there is a pool and spa. And thank goodness they are “in the back.” I just hate it when my neighbors build pools in their front yards, but that is beside the point. Remember, a lot of people search by these fields, so when you say there is no laundry room yet there is, you may have just lost a buyer.
My photo editing software is not fancy. I didn’t pop for the expensive version. But it does include an intuitive little rotate icon, one which allows me to… rotate stuff.
I know, I know. We see this kind of stuff all of the time. Athol Kay in Connecticut has built an entire cottage industry around exposing laughably bad MLS photos. Why is it that any agent would think this is passable? More importantly, why would their clients accept this as a reasonable marketing effort on their behalf? Sure, this is a short-sale, but the seller is still a client. Okay, fine. They are disinvested in the process at this point. The bank is going to ultimately accept whatever they accept and forgive the balance of the debt, and the seller is not going to see a proceeds check. So, who cares?
I care. I have spoken in the past about the class system that seems to exist in marketing homes for sale. I see too many agents treat a lower priced home differently than a million dollar baby. One gets a single-page, third-generation photocopy of the MLS printout and the other a four-page glossy brochure. One gets a sign slapped in the front yard and the other gets forty professional photos and staging worthy of the Lincoln Bedroom. This is a practice Steve and I shun, of course. Just because I may make less on a lower priced home does not mean that the sale is any less important to the seller than is the sale of the higher priced home to that client. And, if our marketing plan is indeed thoughtfully designed to provide the best and broadest exposure and appeal, what is good for the one is good for the other. To suggest anything else is illogical (and quite possibly cheap and lazy).
Now I am seeing a different king of class system evolving: Traditional versus distress sales. Maybe the theory is that the bank won’t notice, that the short-selling owner won’t care, or (sadly) that in light of the lower commission an agent might be realizing on this particular sale, they just “can’t afford” to provide the same level of service. That’s just crap.
We are closing escrow today on a short-sale. The lender (in this case “lenders”) approving the sale will invariably ask the agents to take a “short” position as well, on commissions, and this was no exception. Regardless, our marketing effort and expense for this home was no less than for any other home we have represented, and our reasoning is this - The sale price still matters. It matters to the lenders, it matters to the surrounding neighborhood which will now have this new “comp” with which to contend, and it matters to us. Not only is my credibility as an agent at stake, as every ad I print or place is a reflection of our standards and our service, but I like to sleep nights knowing that I did the best I could do for every client. This even includes the clients who may be paying a little less attention or caring a little less about the outcome.
I guess that’s just me.










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{ 11 comments… read them below or add one }
Joe Peffer
03.28.08 at 12:28 pm
You’re right on about servicing every home like it deserves to be serviced. Getting paid is getting paid and Lazy agents= long days on market.
Realogy came with an ad writer program that came out a couple years ago to “alleviate” the burden of coming up with MLS remarks for your listing.
Using words that supposedly appeal to buyers alongside the MLS data on the listing, they put together an ad copy for the listing. You can spot them a mile away and they’re so full of fluff you don’t even know how they relate to home’s best benefits. Lazy agents= long days on market.
Kris Berg
03.28.08 at 12:46 pm
Hi, Joe. That’s funny about the ad writer program. I wasn’t aware. I don’t know what is sadder - The fact that the agents use an ad writer or that the Broker feels they need to give them this tool to help them do their job.
Athol Kay
03.28.08 at 2:53 pm
Hi Kris, thanks for the link love, much appreciated.
Personally I just don’t get this nonsense at all. My feeling is that the combo of price, photos and getting on the MLS approaches 99% of all effective marketing. We could probably write the MLS remarks in ancient egyptian and buyers would still want showings if the price and photos looked good.
Though I agree - simple photo rotation is complete madness to be left undone. Such agents should be fired on the spot.
Tara Jacobsen
03.28.08 at 3:22 pm
I have a pet peeve I have to share since it was in your post. WHEN AGENTS USE ALL CAPS IN THEIR DESCRIPTION I HAVE A HARD TIME READING IT AND TEND TO IGNORE EVERYTHING THEY SAY.
Who said that putting all caps makes a statement in the MLS? I think it should be simple courtesy to write in a manner that makes it easy to read.
Kris Berg
03.28.08 at 4:04 pm
Athol - You are right about the Egyptian. Funny.
Tara -
Kris Berg
03.28.08 at 4:05 pm
Let’s try that again.
Tara - IT WASN’T ALL CAPS!!!! You missed the lowercase “L” (or number 1, I”m really not sure) in the second sentence. Silly girl.
Phil Hoover
03.28.08 at 7:27 pm
This iz wye I alwuz use my speel chukker tew maak sure I don’t make no misteaks
Kris Berg
03.28.08 at 7:41 pm
Phil - Isn’t it about 8:30 on a Friday night in Boise? You sure are living the wild life!
Phil Hoover
03.29.08 at 7:46 am
Ouch
Jakob
03.29.08 at 10:34 am
Wow, amazingly sad. The bank should immediately dump the agent and list with Kris and Steve Berg.
Frankly I think banks don’t put enough effort into getting the most money for their homes. With a little marketing polish they likely could sell them for more. That brings up a question I had. Do selling agents really care about the price? Most get a percentage of sale so you would think so, but really it’s a balancing act, and I would bet the gains from quick sales far outweigh the small gains in higher prices. With so little oversight from the banks on their REO sales, this rapid sale strategy will only hasten the decline in all home prices.
Kris Berg
03.29.08 at 12:46 pm
>Do selling agents really care about the price?
Heck, yes! Or, I should say, they do if they care about client satisfaction, future referral business and a solid reputation in the community.
The absence of oversight by the banks, a just dump it mentality, is hurting the market IMO, no doubt about it.