Warren County Ohio Real Estate News and Observations: People That DON'T Know More About Local Real Estate Than Your REALTOR®!

People That DON'T Know More About Local Real Estate Than Your REALTOR®!

CrowdsPeople That DON'T Know More About Local Real Estate Than Your REALTOR®!

So you're buying or selling a Warren County home?  Then stand by for LOTS of unsolicited advice!  As soon as you mention that you're involved in this huge endeavor, you're going to get lots of "help"!  MOST of those sources of advice may just be steering you down the wrong path and not even realizing it.

Here's a partial list of people that shouldn't know more about LOCAL real estate than your trusted REALTOR®:

  • The national media.  They don't know JACK about our local market.  They care about New York, Vegas, California, etc. and not an iota about our market.  Thousands of miles away, and about as relevant as the back side of the moon.  And the generic advice from those "money" magazines about offering 80% of list price?  Fine if you don't REALLY want to buy that home!
  • The local media.  Honestly, they don't know much about the local market either.  They'll either take a few anecdotal instances and turn it into a major doom and gloom story, or they're repeating stats provided from our local board.  And here's the thing, the greater Cincinnati area is composed of MANY markets.  Mt. Adams, Mt. Lookout, Maineville, Morrow and Mason are ALL different.
  • Your neighbor.  Herb knows a LOT (or maybe he just thinks he does), but what he probably doesn't have a handle on is the latest real estate trends.  He knows what the guy down the street SAID he got for his home (and that info just might not be accurate).  But what he's not going to understand is why one home got $250,000 and another got $200,000 when they look the same on the outside!  That's just one more reason why you need a REALTOR®.
  • Your co-worker.  They last bought a home in 2005.  They mean well, but the real estate market changes FAST.
  • Your mom and dad.  They know a LOT, and we know they have your best interests at heart, but what they aren't current on is local real estate markets.  How long since they last bought or sold a home?  When they start with the "it's a buyer's marker, offer 70%" they're killing your chance of getting that home.
  • Your great-aunt Ethel who was an agent....in 1975....in FLORIDA!  Like we said, real estate changes A LOT, and it's LOCAL.  A Texas license, a Florida license...even someone who is active in Columbus or Cleveland might not be able to give you the best advice on what's happening in OUR local market.

So when you get advice and it's got you thinking, TALK to your REALTOR® about it if you have a concern.  Don't let it fester and don't let them convince you that your REALTOR® isn't doing their job without at least Bullseeking to clarify.  And if you can't have that conversation with your REALTOR®?  Well maybe you don't have the right REALTOR® after all.  Communication skills are an important part of what we do.

As Warren County REALTORS®, we're tuned in to the differences in OUR local markets.  Mason to Springboro, Franklin to Morrow, we've successfully helped people buy and sell.  We track the activity in each market and analyze to make sure YOU are getting the best professional advice we can provide, tailored to YOUR needs!  So if you're thinking of buying or selling a Warren County area home, we'd appreciate the opportunity to help you!

Serving Warren County's residential real estate needs,

Liz and Bill aka BLiz

REALTORS(S) Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Liz direct:  513-265-3004
Bill direct: 513-520-5305     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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108 commentsLiz and Bill Spear • December 12 2011 09:07AM

Comments

Great post Bliz and so very true!  I would only say that this post is not just for buyers and sellers in Warren County, it is for buyers and sellers everywhere.  Nicely done!

Posted by Lisa Dunham, REALTOR, MBA, CDPE, Alexandria VA Real Estate, Short Sales (Keller Williams Realty) almost 3 years ago

Liz/Bill - SO VERY, VERY, TRUE!!!!!  Real estate is local and unless one has the current market figures in black and white, most of the "information" floating around is useless.  I once had a home LISTED at $114.18/SF where the average SALES price was $113.92/SF.  The adult children who really liked the home brought their mom back for a second viewing of the home.  Mom flat out told me in a VERY loud voice during my open house, and with 5 other couples within hearing range, that the home was over priced and I obviously didn't know how to price a home.  So, I calmly showed her all of the home sales from the last year in the subdivision and she repeated that I had the home overpriced.  So, I asked her if she was a Realtor® or an appraisal to know the numbers.  She stated that no, she had just bought and sold 3 homes in "her time."  Hmmmmmmmmm, I did that just last WEEK, LOL. 

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Real Estate Partners, LLC, Scottsdale, AZ) almost 3 years ago

Lisa, The principle applies everywhere.  You hire your agent for their expertise.  Don't undercut them listening to someone who doesn't have the experience and the qualifications to provide valid advice.

Juli, Mom can't let reality get in the way of a good opinion can she??  We know sometimes it's the frustration with the situation leading to some of the comments.  Our market is slow, and when things don't happen, people get desperate for something that will work.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Hands down, in Warren County Ohio, I would be talking to the Liz Spear Team about all my real estate needs! 

Suggested.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 3 years ago

ain't it the trooth, man.  ain't it the trooth?

 

suggested.

Posted by Alan May, Evanston & Northshore of Chicago real estate (Coldwell Banker Residential) almost 3 years ago

Anita, Thanks!  We often get that 2nd hand opinion thing going on in the background.  The worst is when it's another agent "chirping" in their ear, hoping to get the listing after they've undermined the current agent.  Unethical, but I suspect done more than any of us care for.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Alan, If everything sold in a few weeks we could probably avoid most of this "help", but with our area average days on market in months (and sometimes years), there's a lot of opportunity for people to chip in their two cents.  Hopefully the client is comfortable discussing, and receptive to hearing what we have to say.  Some sellers have trouble digesting that their area isn't the most sought after market, or that their price needs to come down, that it's NOT the lack of newspaper ads causing the problem.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Good Morning, Bliz. Yes, there are many buyers and sellers who take the wrong path when it comes to getting advice concerning their real estate needs. Relatives and those who used to be in real estate mean well, but like you said, " Real Estate changes Fast".

 

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com) almost 3 years ago

suggested.  gotta go...losing internet connection in less than 1 min.

Posted by Debbie Gartner, The Flooring Girl - Westchester hardwood flooring (Floor Coverings International - Westchester NY & Stamford CT) almost 3 years ago

Jerry, Even someone out of the business for as little as a year or two might find themselves behind the times with their advice....especially if it's a niche like short sales.  Regulations are always changing.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Debbie, Thanks!  Hit and run, been there, done that! :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

OK, Bliz, I am 150% in agreement with this!  You've really covered all the bases too because people tend to get advice from all those places and it makes them steer toward bad decisions.  Listen to your local REALTOR!

 

FEATURED IN BANANATUDE

 

 

Posted by Bryan Robertson, Broker, Author, Speaker (Catarra Real Estate, Inc) almost 3 years ago

Bryan, Thanks for the group feature!  For some people, it seems they listen to EVERY person but the one they hired to get them through the process.  Baffling.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago
You nailed it BLIZ - real estate is SO local, and so fast changing, that much well meaning advice is only going to cause buyers and sellers unnecessary grief.
Posted by Nancy Conner, Olympia/Thurston County WA (Managing Broker - City Realty Inc) almost 3 years ago

Nancy, We've had to caveat any advice we've given to out of state friends with "we don't know the local rules for your area, so talk to your agent".  All we can say is how things work HERE, and that may be totally different.  When you start looking at agency rules and the like, state to state are worlds apart.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I have had past buyer's bring up one of the above mentioned persons with advice at least once each! (Yes, that's an awful sentence, I have a head cold & can't quite figure out how to make it better, go with it, please) I like to say sort of what you said above but in words I heard somewhere else "Real Estate is local, you wouldn't look up the weather in Montana to find out what you should wear today in San Antonio, right?"

Posted by Kristin Moran, San Antonio,TX - Real Estate - 210-313-7397 (Owner - RE/MAX Access - KristinMoran@Remax.net) almost 3 years ago

Kristin, Head cold or not, got what you were saying just fine :)  That's my heartburn with most of the media/press articles on the topic.  While I feel for the folks in the Florida and Vegas locations where values plummetted, it's mostly NOT relevant in an area where distressed properties are less than 10% of our market.  Reports need to be apples to apples or it's just not valuable.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Bliz...Who said the news of my demise was premature? Or Dewey wins? some times the press is wrong and anyone that takes then for their word is not thinking for themselves.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) almost 3 years ago

Steve, In few cases do I see them more consistently wrong than when it comes to giving advice and reporting on real estate themes.  For the most part, you have apartment renters in NYC talking about home ownership.  They haven't ever been through it.  Compound it with all the "reality" TV shows on the topic and public perceptions get even further off the mark.  FIND A LOCAL EXPERT.  It's that easy.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I love this.  Whenever I run afoul of a seller it's because they've been getting advice from someone totally out of touch with the market.

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) almost 3 years ago

Hi BLIZ,

Love, Love this post! Congrats on the feature..I'd be suggesting it if it wasn't already featured! This is a universal post for all over the country! So true :).

Posted by Dorie Dillard, Realtor-Canyon Creek- NW, Austin TX Homes For Sale (Coldwell Banker United Realtors) almost 3 years ago

So true and well said!  It does keep things lively when young home buyers come with advice from Great Uncle Olaf, but it certainly doesn't smooth the way or produce great real estate advice.

Posted by Kristen Wheatley, Lewiston/Auburn Maine Real Estate Agent (The Maine Real Estate Network) almost 3 years ago

Susan, We lost a listing this summer just because of someone whispering in our seller's ear most of the listing.  She hired us because of the online marketing we did for other listings.  Then after it wasn't a quick sale (which shouldn't have EVER been expected for the home and location and we'd made that clear from the start), the selective amnesia started kicking in.  We knew she had a "friend" that was an agent.  It became apparent after awhile the friend was undercutting us.  Four months later, still on the market with the new agent.  For some reason, those high power lines behind the house didn't leave when our listing expired, and going from advertising in BOTH Cincinnati and Dayton MLS to just Dayton MLS isn't helping.  All you can do is try, after that, it's their own bed.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Dorie, Those relatives and advice-givers are universal aren't they? :)

Kristin, We've had deals go down because of parents scaring the kids about a home.  Mix in their opinions about price and it gets even more unlikely to sell a home.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

This is so frustrating when clients say they are getting their advice from someone other than a local agent. I have the data to support what I tell you. Does your neighbor Joe have that? No because he's not a member of the local MLS. So who are you going to believe?

Posted by Tammie White, Franklin TN, South of Nashville (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net) almost 3 years ago

I love it, Bill.  And believe me, your Realtor® actually does have your best interests at heart also.  

Posted by Jane Peters, Connecting you to the L.A. real estate scene (Power Brokers Int'l) almost 3 years ago

Tammie, It is frustrating.  We put everything we have into taking the best possible care of our clients.  To have the second guessing by someone who doesn't have the street cred to know what they're talking about?  The full story is NEVER there for them.

Jane, We do.  The thought that we want the buyer to offer more to get a higher paycheck?  Not even crossing our mind.  Our goal is to get our client the BEST possible price that will cause the transfer of the home.  For the buyers, we want less, and for the sellers, we're trying to get every extra dollar we can FOR THEM.  It's part of doing our job right.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I'm thinking that your blog would work as part of a buyers' packet I'm working on for the coming year.  I think it would really get their attention.  Please let me know if I may use it!

Posted by Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA (Keller Williams Realty Palo Alto) almost 3 years ago

Marge, Please adapt to your local area and go for it :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Nice post Liz and Bill.

 

One of my first listings back in 2006 was a FSBO that was 20% over-priced before I took over.  After getting a 101% offer the first week from another real estate agent, the owner told me "the girls at work" just think you're having me take that offer becase you don't want to work for your fee.  That seller is no longer in my sphere of influence.

Posted by Rick Beal (Coldwell Banker Residential Brokerage) almost 3 years ago

Rick, A 101% offer and you're just a slacker in their eyes??  Jeezzzzz.  No wonder he's off your Christmas card list.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I think if you add "the guy in the line in front of you at Wal*Mart" to this list the picture will be complete! But, all kidding aside, your message rings loud and clear in this post.... And is well worthy of its featured status.

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) almost 3 years ago

Craig, How about adding the drunk guy at the bar??  Thought about it, but thought naaaaah.  No one would listen to the drunk guy at the bar for real estate advice, would they?  Really?? :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago
There is a lot of information at the disposal of consumers. But the interpretation of that takes someone who sees it in action on a daily basis.
Posted by Karen Crowson, Livermore Wine Country Homes (Alain Pinel Realtors, Pleasanton, CA) almost 3 years ago

Late to the party once again................why do people listen to everyone but the people they should listen to?  It amazes me.  Great post and well deserving of a Feature.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 3 years ago

BLIZ< This is an excellent break down, loved it! I would add one more: a friend (a relative, coworker etc) who never owned a home and is currently renting, who is raining on home ownership parade all together. And knows A LOT about buying and selling real estate of course... 

Posted by Anna Tolstoy (Coldwell Banker Residential Brokerage) almost 3 years ago

Wow! That's a great post! I laughed out loud as I recalled all those "experts" who know nothing about real estate or "wanna bes" Thanks for sharing. Congratulations on being featured.

Posted by Cathy Bureau, Your Personal Real Estate Concierge (www.GreenHomeRealty.com) almost 3 years ago

That made me giggle.  And I had a "day" that needed a giggle.

Posted by Tammy Lankford, Your Lake Sinclair Expert (706-485-9668) (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) almost 3 years ago

BLiz, I've had cashiers tell me that I'm wrong in the supermarket checkout! It's amazing. Plus the family members, like you mentioned. I've had moms and dads mess up what could've been a good thing for their kids.

Posted by Eric Michael, Metro Detroit Real Estate Professional 734.564.1519 (Remerica Integrity, Realtors®, Northville, MI) almost 3 years ago

Karen, That's the challenge.  Data is more readily available, but without interpretation it doesn't provide much value. 

Roger, Baffling isn't it?  If you trust the agent enough to hire them, you need to trust them enough to give them a fair shot at helping you and at answering any concerns.

Anna, Ahhhh, that category.  The die hard renter who thinks that is the ONLY way to go!

Cathy, Glad to give you a laugh!  We try to mix some humor in with the story :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Tammy, It was a good day for some smiles and laughter.  Hard news needs something to offset.

Eric, It's strange how our expertise can be so easily discounted.  The knowledge we have didn't come cheap.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Good one! Everyone has an opinion when it comes to real estate. Even your brother's mothers's best friend's neighbor is an expert. 

Posted by Erica Ramus, MRE, Schuylkill County PA Real Estate (Erica Ramus - Ramus Realty Group - Pottsville, PA ) almost 3 years ago

Erica, And the neighbor's neighbor too :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Liz and Bill - we have an auto mechanic here who thinks he knows all there is to know about real estate values and hands out advice on a regular basis

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) almost 3 years ago

I always love it when people from out of state come down and try to school me on our market. They don't know what they don't know.  Good post Liz and Bill and best of luck to you.

Posted by Jerry Murphy, Anthem AZ Real Estate (Long Real Estate) almost 3 years ago

Bill and Liz, one word...well maybe two...Congratulations and AMEN!!!!

Posted by Rebecca Gaujot, the GO TO REALTOR, Lewisburg WV Real Estate, Greenbrier County (Coldwell Banker Stuart & Watts Real Estate) almost 3 years ago

Kathy, Maybe you should wander down and start giving direction on how to rebuild a transmission :)

Jerry, We can learn a lot reading blogs from the area, but we can't learn enough to speak with knowledge.  Need the local experts for that!

Rebecca, Thanks!  Sometimes the words connect with the idea :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

A well deserved feature and so true.  It seems that the minute you've announced that you are going to buy a home or sell a home, advisors come out of the woodwork. 

Posted by Judi K Barrett, Broker/Owner, Integrity Real Estate Services -IDAB (Judi Barrett~Integrity Real Estate Services~Idabel, Oklahoma) almost 3 years ago

Judi, They're all just trying to help! :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Great list! It is always best to turn to your local realtor over parents and neighbors especially!

Posted by Ben Blonder, Buyers, Sellers, Investors! (Broker/Owner, Keller Williams) almost 3 years ago

well deserved feature I would have clicked suggest :)  I love the advice about the national media....they don't know jack LOL  preach it Bill

Posted by Marilyn Boudreaux, Lake Charles LA Century 21 Realtor (Marilyn Boudreaux, Century 21 Mike D. Bono & Co.'s) almost 3 years ago

I'd like to add all of the real estate reality shows to the list. 'But they said on TV ...'

Posted by John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace) almost 3 years ago

BLiz - You are so right about the unsolicited advice from every direction.  And, it is better to talk to a knowledgeable professional.

Posted by Christine Donovan, Broker/Attorney 800-610-7253 DRE01267479 - Costa M (Donovan Blatt Realty) almost 3 years ago

When you are in the market to buyer or sell a home, there free advice is everywhere and endless. Most of it is worth exactly what you pay for it. In fact, you pay by listening to advice from those who are unknowing, unpracticed and not professionals. It does not take training or a license to have an opinion and share the opinion – even if wrong.

Posted by John Juarez, CDPE, ePRO, SRES, GRI, PMN (Prudential California Realty) almost 3 years ago

Liz and Bill - better yet let me fix the transmission on his car I am sure I could do it as much justice as his advice is to folks about real estate after all when I was a kid I used to help my older brothers fix their cars (at least I knew how to hand them the right tools)

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) almost 3 years ago

Ben, You've just GOT to go to the professionals....assuming you're actually SERIOUS about buying or selling a home.

Marilyn, It always gets under my skin a bit when I read these national "expert" articles and you realize quickly the person has NO true knowledge about real estate and how it works.

John, Generally not a fan of them either.  Some might be a bit entertaining, but most just lead to even more misconceptions.

Christine, I suspect it comes from every direction.  I know I get plenty of questions during the day job about the market, how selling a co-worker's home is going, etc.  The same is happening to every home buyer and seller.

John, True, opinions are pretty cheap :)

Kathy, The poor guy would probably lose his mind and not even get the point! :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I would add a few more to your list like their accountant, their lawyer, and their financial adviser.

Posted by George Bennett, Inactive Principal Broker, GRI (Inactive) almost 3 years ago

You really hit the nail on the head with this post.  Your examples are so right on that it's almost funny.  Congratulations on a great featured post.

Posted by Doug Bullwinkel, NMLS #281609 (Vitek Mortgage Group) almost 3 years ago

George, We actually did have a case recently where the financial adviser's input was useful, but it was around how she could finance, NOT about how to market the home :)

Doug, Thanks! I think we've all been there, done that with these examples.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

BLiz you forgot about your uncle's 3rd cousin's nephew's son.

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (Keller Williams Realty) almost 3 years ago

Charita, I thought it was the uncle's 3rd cousin's nephew's son's BABYSITTER?? :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

BLiz, sorry i missed this the other day...what a great post on the experts !  but there is no doubt you are the ones to go to in Warren County for truthful advice & the best internet marketing!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate) almost 3 years ago

Ginny, Thanks!  We do the best we can with each of our clients.  They should feel comfortable talking to us about any advice they're given :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Hi Bill and Liz,

I would love to hear some of the stories that prompted this blog.

Lots of comments. Shows you hit on something we all experience

Phil

Posted by Phil Leng, Phil Leng Team - Residential Real Estate Experts & (Keller Williams Eastside Market Center) almost 3 years ago

So true!  And you forgot the butcher, the hairdresser, the postman, the accountant, the car wash guy, etc.  They all know.

Posted by Gabe Sanders, Stuart Florida Real Estate (the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales) almost 3 years ago

Reblogged with my two cents...

This is so TRUE! You cannot even second guess what another agent is doing in a  lineup of transactions in a fairly close geographical area because local means local. Pay attention to what guidance your local agent gives you and discuss any concerns so you get the current and correct information.

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) almost 3 years ago

Great post and so very true across all geographic areas. Each point you addressed got better and better. We all get those calls from our clients after they've "talked to someone..." - some are easier to get back on the right path than others once they've received inaccurate advice. The key is communication and some people require more patience than others; especially those who keep looking for advice they want to hear vs. the advice that's based off market knowledge and experience.

Posted by Charlie Dresen, Steamboat Springs, CO e-Pro (Steamboat Sotheby's International Realty) almost 3 years ago

The local hairdresser who has never been to your property, never set foot in your area. Can suddenly based on what they've heard that can be accurate or liar liar pants on fire all wrong be the expert the guy or gal in the chair has known long, trusts. Stick to snip snip snip. Like real estate agents, brokers needing to not play lawyer, CPA tax advisor, etc. We are pretty good Dr Phil counselors though and help folks in lousy, painful situations get out of them with resolutions the best we can to get them through a life road hairpin twist, turn, dip in the road.

Posted by Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) almost 3 years ago

Phil, It's an accumulation of things....one too many newspaper and magazine article that's doom and gloom....comments by people that think the local market is horrendous BECAUSE of those articles that aren't pertinent to our market....comments made by sellers that you know came from someone whispering in their ear.  It all adds up.

Gabe, It's why we went for a partial list, we could go on for days with potential advice providers :)

Cheryl, Cross a school district line or township line and it may be an entirely different market.  The guy at work who says "My agent would have sold your home in 30 days" when the average days on market is 150 just stirs the pot with unrealistic expectations.

Charlie, Most can be brought back to the right path if they're willing to listen, but the "mom & dad said" crowd can be a particularly rough challenge.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Andy, We do have to wear quite a few hats, and some hats are best left on the hatstand.  We'll point people to our trusted attorneys and finance people to cover what they know best, we'll smooth the waters where we can and provide the best advice we can!

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I have never had a problem with mom or dad Bill.  HA HA!  I'm totally kidding.  

Posted by Amanda and Jared Christiansen, YOUR Fort Wayne Realtors, Century 21 Bradley. (Century 21 Bradley (260)704-0843) almost 3 years ago

Jared, I can think of one home we had sold TWICE until dad showed up to advise the single daughter.  Famous quote relayed from the buyer's agent said by Dad "You couldn't PAY me to live in this house!".  End of deal....and the shame was it was an excellent condition older home.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Great stuff Bill. Wether its the clueless national media, or the if it bleeds it leads local media, trying to scare everyone. And neighbors, you hit the nail on the head there

Posted by Scott Hayes, Realty Austin, Broker Associate ((512) 786-8300) almost 3 years ago

Scott, The neighbors are scary because you often don't even know they're whispering in the ear.  I think half the time they've got a relative that's an agent and they're doing everything they can to undercut you and get Sister Jennie in there instead.  "What, your agent doesn't hold an Open House EVERY weekend?"  "My sister would have sold it BY NOW....your agent is obviously NOT marketing the home right".  "Is THAT all you're asking?  I'm sure your home is worth MUCH more than that!".  Uggggh.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

"Your great-aunt Ethel who was an agent....in 1975....in FLORIDA!  Like we said, real estate changes A LOT, and it's LOCAL." My Favorite part of your post. 

Posted by Gabrielle Jeans, Real Estate Web Solution, Real Estate Trainer and Coach (WebTech Dezine, Gabrielle Jeans Real Estate Coach) almost 3 years ago

You forgot the guy at the t-shirt shop in town. I actually had a client that felt that what the guy selling him a souvenir t-shirt said was gospel.

Posted by Todd Anderson, Park City | Deer Valley Real Estate (You In Park City group - Keller Williams Park City Real Estate) almost 3 years ago

My favorite people are those who know more about the Real Estate market than I do and seek to advise my clients.  It's always a good time re-going over what i told them in the first place to keep that assured that I am looking out for their best interests!  Terrific post BLiz!

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) almost 3 years ago

It seems EVERYONE is an expert when it comes to real estate.   Great post and so very true.

Posted by Judi Monday, CRS-Green Valley AZ Expert, Green Valley Arizona R (RE/MAX Valley Properties) almost 3 years ago

Good morning Liz and Bill,

So very true, the media is only continuing hype they think improves their ratings and paint the entire nation's real estate with one color.  Local experts are the key to a successful real estate transaction.

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek & Associates LLC, Real Estate Broker/Associate with Real Living Real Estate Group www.LisaVon.com) almost 3 years ago

This is so true.  We recently had a seller whose church group and decided on the exact value of her home in advance of us listing.  Down to the dollar, they were sure they knew what it was worth.  It's not easy to overcome objections like "Sister Alli has been in the neighborhood for 55 years and she heard that xxx."  The problem is that the seller/or purchaser is often being told information that they WANT to believe (i.e. the home they're selling is worth more or the home they're buying is worth less).

Parents are another great one.  One of our pre-qualifying questions basically asks who the decision makers will be.  If you're told that the parents will be an important part of the decision that's fine, but they need to join us on the entire search then.  What we can't do is see 30 properties, find the one you fall in the love with, and then fly the parents in from out-of-state to tell you all of the concerns about it (and of course they haven't seen any other listing that we saw together and know nothing about the local market).  We learned early on that this situations kills deals that the purchasers really wanted.

Posted by Akerly Real Estate Team Manhattan & Brooklyn Real Estate (Akerly Real Estate Team) almost 3 years ago

Gabrielle, Perhaps a little stretch, but not too far off reality :)  Everyone has a family member who WAS an agent at some point, and somewhere else!

Todd, The T-shirt guy???  And the client believes that over their agent? Wow....

Brenda, Everyone has an interest, but few have the combo of knowledge and skill to put the complete picture together.

Judi, A legend in their own minds :)

Lisa, If I'm selling a home here, I just don't find the relevance of either Coast.  Local prices are driven by local conditions.

Mike and Kate, Oh man.  Fighting Sister Alli's expertise has to be tough!  And love your strategy with the parents.  If they have no basis of comparison, they've got no clue on pricing.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Gee...you think? I know every once in a while we have to tell people this, but it's always worth repeating. 

Posted by Karen Fiddler, Broker/Realtor, Laguna Beach & Lake Arrowhead, CA (949)510-2395 (HOM Sotheby's Intl Realty, 949-510-2395) almost 3 years ago

Karen, It's a continual battle with some folks.  Fortunately most of our clients totally get it.  We're the source of advice and they know most of the rest is just yammering that doesn't solve anything.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Bliz - EXCELLENT post!  I face this battle all the time with first time homebuyers....they don't know who to believe.  Most have to "try" offering 10% less and lose a home before they realize I'm not lying to them.....the news, their friends and family are clueless.  This is our profession, what we do for a living, what puts food on our table, yet some buyers just can't accept the truth that the market is good around here and want to believe others.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) almost 3 years ago

Michelle, That's the problem with them listening to the news and national media.  They think the market is horrendous and offering 10% or more off is "a great offer".  Not if the home is priced right.  Hopefully it only takes them once to learn the lesson.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

You nailed that one BLiz! Poor Aunt Ethel! The right answer comes from many years of hard work and dedication to our clients.  when it comes to the media, I always find them  to put their own special spin to a story that only shows their ignorance and lack of preparation ...

Posted by Paul Henderson, I always put my clients first in any transaction! (RE/MAX Professionals.) almost 3 years ago

Paul, I think most of the media is inherently biased against our trade.  You figure the average column writer is an apartment renter in a big city and has never needed the services of a great REALTOR(R), so don't realize our value.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Liz and Bill:

Wait!  Are you questioning my Aunt Ethel?  I am going to tell her you said something bad about her.  Actually, she is very knowledgeable about real estate, but not in Ohio.  Buyers need to listen to you and call you two fast, if they know what's good for them.

Posted by Evelyn Kennedy, Alameda, Real Estate, Alameda, CA (Gallagher & Lindsey, Alameda, California) almost 3 years ago

This definitely applies to the market here in Arizona.  Most properties around here are going for list or very close to it.  Of course then again what do we know?  We are only the professionals who work in this environment everyday.

Posted by Rocky Dole (West USA Realty Revelation) almost 3 years ago

Evelyn, YOU BET!! :) Honestly, I don't care for going too far across our county line unless I've got a good reason to be comfortable with the situation (e.g.  lived/worked there prior to our current home).

Rocky, Scary isn't it?  Just keep low balling and losing out, or listen to your rep and own a home.  Easy call....at least it should be.

 

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

What, isn't everybody entitled to their opinion, regardless? Just kidding and great post.

Posted by Kimo Jarrett, Kimo's Lifestyle Solutions (WikiWiki Realty) almost 3 years ago

Love it/So true! Gonna re-blog since I couldn't have said it better!

Posted by Debbe Perry, 828.439.3084 Morganton/Lake James NC (Real Living Carolina Property ) almost 3 years ago

Bliz you nailed it, I think we have all run into these experts and it is not pretty:)

Posted by Anonymous almost 3 years ago

See what happens when you write good stuff? More work.

Cut to the chase people. Want to buy or  sell in Warren County? Call the Spears. They will give you the straight scoop and are relatively fun by the evidence presented.

Posted by Steve and Jan Bachman, Realtors - Northern Virginia (RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax ) almost 3 years ago

Kimo, Entitled?  Sure!  Just don't use those opinions to make one of the biggest financial decisions of your life!

Debbe, Thanks!

#94, They're out there, and they're everywhere :)

Steve, It's a chance we just have to take!  8 reblogs is a pretty good bonus :)  And we're probably more fun with buyers than sellers.....unfortunately for sellers we're too often having to say things they don't want to hear.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

I call this other person FRED - Failed Real Estate Directives.  FRED is often quoted by people scared of making a decision and is used as a delaying tactic.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 3 years ago

Hi Liz and Bill,  I thought your list was kind of funny, especially Mom and Dad!

Posted by Stephanie/Bob The Ruiz/Miller Team, The Ocala Dream Team (Keller Williams Cornerstone Realty) almost 3 years ago

I love this post and am going to use some of this. I have a client right now, who every time we meet has some "new advice" I need to help educate her about.

Posted by Sylvie Stuart, Home Buying, Home Selling and Investment - Flagstaff, AZ (Keller Williams Check Realty 928-600-2765) almost 3 years ago

Gene, FRED gets around!  And I can see anxious people using that advice to not make a deal.  It's a bit scary obligating yourself for that mortgage!

Bob, Mom....and Dad in particular... probably cost more deals than we can count.

Sylvie, Glad to help out!  Fighting all the advice from the unqualified folks can be a real chore.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Liz/Bill - Mom & Dad give the worst advice... all with the best of intentions.  I had a showing with some clients two years ago around the holidays and you know who showed up?  The husband's mom/stepdad & father/stepmom; the wife's mom/stepdad & father/stepmom; the husband's bother & wife; sister & husband; the wife's sister/husband.  All were more than happy to offer advice and were either wanna-be home inspectors, or wanna-be real estate agents.  Needless to say, they didn't buy the home, and prior to the next showing, I politely asked them to please look at the home by themselves first, and then if they liked it, to ask no more than four other family members to accompany them to a 2nd showing.  They didn't want to do that, so I found them another agent to work with.

Posted by Brad Baylor (ERA Coup Agency) almost 3 years ago

Brad, That's a LOT of "decision makers".  May be a record!  Almost impossible to make that many people happy with ANY home, no matter price and condition.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

So true! It is all about local...as in local Realtor® and not your local expert Great Uncle Johnny or even pops!

Posted by Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC, Personal Service, always. (Waters Realty of Brevard, LLC) almost 3 years ago

Bliz ~ Wait a minute ...  We thought the waitress in Shallotte we served one of our clients breakfast knew more about Real Estate than the average Realtor ... What's that you say? Those sink holes in the "Big Lake" were fixed back in 2002??   It is a Dam Shame so many people don't have enough sense to listen to their Realtors...  Our WORST ENEMIES ... As you so kindly pointed out ... Are all of the above ...  Unqualified sources of advice  not sources of Knowledge!!

Posted by Karen Baker, Professional Help with Rapid Responses... (Sunset Beach and Beyond Realty) almost 3 years ago

Gary, Better have an R in front of that job title :)

Karen, Advice is easy, knowledge.....well that's a bit tougher to accumulate :)

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

Hahaha. I love this one. So true!!!!  I always cringe when a seller says "my friend says he bought his house for..." Yes, I understand that, but he bought that house in 2007...hello? McFly???

Posted by Nathan Tutas, Your Central Florida Real Estate Expert (Tutas Towne Realty, Inc.) almost 3 years ago

Nate, They're dealing with a bunch of Biffs!  And if you're not checking the public record, should you really trust what someone says that paid?  or sold for?  Human nature is to make yourself look good, and for some, that doesn't always involve telling the truth.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

You can add reality TV to this list!! Some of my buyers expect to get a great deal, even when the home is priced right.

Posted by Jairo Arreola, VA Home Loan Specialist - SF Bay Area - South Bay - San Jose (Aladdin Realty) almost 3 years ago

Jairo, That "reality" TV is the bane of us agents actually out in the streets.  So many false expectations set up that we have to address!

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.265.3004 www.LizTour.com) almost 3 years ago

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