Atlanta Real Estate | Atlanta Housing News for Real Estate

head_left_image

I'm Hungry How About Lunch?

Over the years in real estate you learn a lot!  In fact there is a lot to be learned by our mistakes.  You learn what to do, and what not to do.  Sometimes we take a gamble on showing relocation prospects,  Perhaps there is a 50/50 chance they may move to your area.  These buyers aren't a sure thing, but worth a gamble. 

A lot of people think that REALTORS have an expense account, or that we can write off our expenses!  Well the are wrong about an expense account, and I do not like writing anything off where there is no return on the dollar spent.  A few years ago I can to the conclusion that when I treated for lunch, I was being used.  I never seemed to close the prospects.  In fact more often than not potential prospects did not return the call.  No matter how long we were out in the car, how many homes we've showed them it did not make any difference.  I was the tour guide, taxi driver and free lunch buffet.  Once I decided to show all the homes, first and stop for  coffee telling the prospects I have another appointment.  As I pulled up to the place they wanted to go, it was valet parking only.  Between coffee, and a lite treat my bill was through the roof.  Those were the days when I did not make the money I do now.

What I did when I figured out how to tell who was a real buyer, and who was kicking tires... The prospects would make rumblings about a pit stop and getting a bite to eat...I'd respond with what do you like?  Italian, Mexican, pizza, burgers, or a nice family restaurant?  They'd just right on the suggestions, and perhaps tell me of another place they've heard of.  I's say great, anddrive them there.  As we pulled up, I 'd drop them off and tell them I'll join them later I have about a 1/2 hours worth of phone calls to return.  Their jaws would drop almost like they've been found out.  You wonder how many times they pulled this off without the other agents catching on. So when a prospect says, "Let's Do Lunch!"  Stop and think about it!  Maybe the answer it "Let's not!"

We found it is smarter to take persons out to lunch, breakfast or even dinner if we have already closed them. These meal tend to be more productive, and help establish a friendship that will perhaps lead to quality referrals someplace down the line!  These are people you want to be with!  Enjoy them!  It is called friendship, and appreciation.

Jim Crawford REMAX

RE/MAX Paramount Properties  678-595-5286 Direct

Or  888-940-0074 Toll Free Office

Atlanta Real Estate & Atlanta Homes for Sale RSS 2 Feed 

Atlanta Real Estate Blog RSS 2 Feed Follow AtlantaRealty on Twitter   Subscribe

Comments

Jim, That was a good one about leaving them at the restaurant! You can take me to lunch anytime. I'm always hungry! lol
Posted by Lizette Fitzpatrick - Principal Broker Kentucky Homes - Horse Farms (Lizette Realty - Lexington KY - Richmond KY) over 3 years ago

Oh, I found that out a while back as well!  Now I have a few places set for showing appointments and I let them know before I meet them that we will be cutting it close as I have another appointment after. (even if I don't) I did have an Open House today and spoke with the seller before going.  She wasn't feeling well and I offered to take her Won Ton Mein (and I did). I went a little early and she ate a little bit and then had to leave because people were coming in.  That I don't mind....I mean, I'm kicking her out of there to do an Open House, right?

Posted by Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate (Century 21 Liberty Homes) over 3 years ago

Lizzette  Anytime!  I'd rather take a friend to lunch than waste my time and money, and then pick up the bill and leave a tip!

Sally That is fine!  We have a lot of great home sellers that we just really love! I mean we really do meet a lot of great people in real estate, and then there are th others!  LOL!  For thm I am busy or on a diet!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
I guess I have been blessed with good clients as we almost get into a fight over paying the bill. A lot for relocations I have dealt with have an allowance for food while house hunting and tell me they are picking up the bill.
Posted by Keith Zimmer (RE/MAX Results) over 3 years ago
I'm with Keith, I haven't had anyone stiff me yet that I bought lunch for. But I only take them to sandwich shops etc. as we usually are in a hurry to look at more homes. I've also had some insist on not only lunch but gas as well.
Posted by Danny Smith (DISCOVER TEXAS HOMES) over 3 years ago
Keith and Danny...the best thing is that with the Internet, people really view fewer homes.  Brady BunchEven in a buyers market I seldom show over 7 homes.  The other item is my GARMIN!  The showing day almost has no wasted time when using a navigational device.  I just hate those days when you meet the buyers at the office and you are showing the Brady Bunch!  I see pit stops, snacks, lunch is in the crystal ball!
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
I try to avoid the dinners but when it has been a very long day of showings, I guess I am working with the "Minnesota Nice" Clients that insist on buying my dinner/snacks!
Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) over 3 years ago
Hi, I have to say that most of my clients take me to lunch.
Posted by Dianne Barody - Pensacola Florida Real Estate (Century 21 AmeriSouth Realty) over 3 years ago
Excellent advice!  I love the leave them at the door.  LOL
Posted by Theresa Cavanaugh (Global Realty Marketing) over 3 years ago

Terri  Not all are users.  There are many "nice people"  They are the ones you want to be with, and want them part of your life after the deal closes.  Soemtimes, I guess it is listening to that voice within.  YOu know the voice that is never wrong?  Just follow that!

Dainne Once in a blue moon do the cleints treat, perhaps if they were referred by a firend, and they are just appreciative of our assistance.

Theresa  "Just say no!"  LOL!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
I tell them to pack some nabs and a bottle of water, we're working and won't have time to stop. =)  and then if we do take time to grab something, they know they're messing with the carefully planned tour schedule and usually are gracious enough to offer to pay.
Posted by Leigh Brown Charlotte NC Broker/Owner (RE/MAX Signature Properties) over 3 years ago
Thanks Leigh  We are not beingn mean, we are talking common sense here.  it is our money!
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
Jim--FYI Minnesota Nice is a phrase used often about people in our state because so many Minnesota's are overly nice...not to imply that your clients are not nice :) I have never had anyone ever expect me to buy lunch. I think I would handle in a similar way to you if they did.
Posted by Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists) over 3 years ago
Thank you so much!  Send some of your MN people here!  I need them in Georgia ASAP!
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
Jim, my daughter brings them back to the office and tells them there are a number of restaurants nearby and she will meet them in about an hour.  This also gives her time to look for additional listings to show and phone calls to return.  Wonderful idea about dropping them off.
Posted by Kay Van Kampen–Springfield, Ozark, Nixa Greene County Missouri Real Estate Agent (RE/MAX Broker, RE/MAX Solutions) over 3 years ago
LOL! Thanks Kay!  Exactly what I did!  As one foreigner I worked with years ago used to say"Very Clever!"  I really liked that!
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
Jim- I also noticed the same thing..  although I do have a client who bought  a nice place  within 3 days and I have no problem buying her lunch.. Truthfully,  buying lunch isn't even on the radar anymore as people are so busy  I rarely have all day outings with clients even relocating ones.. They usually have about 2-3 hours to spare.. I keep water and energy bars with me..
Posted by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West) over 3 years ago
Kaye  thanks!  I love your comments! It isn't about the lunch, it is about being used.  I think that leaves a bad taste in most agents mouths.
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
Jim great post.  I take many clients to my cigar shop.  Find it  a great way to relax and actually get business done. 
Posted by Matthew J Blum - (retired from the business) over 3 years ago
Jim - Since you are asking - I will accept! :) However, it won't be today! seriuosly, I have not had this be an issue! I like your way of handling it.
Posted by Indianapolis Real Estate | Paula Henry (Red Door Real Estate) over 3 years ago

Matthew. Now a cigar shop would work!

Paula!!!  Necessity is the mother of invention!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago
Jim - wow.....awesome post.... definitely something to remember as i am now beginning my career. thanks.!  ron
Posted by Ron Lipscomb (EXIT Realty) over 3 years ago
Ron there is a lot to learn as yu go out to sell in real estate.  We can never be in a rush to do business with those that just want to use us.  There is a judgement we all make, perhaps after a few days of working with someone.  Each set of potential clients have to be looked at on their own merits?
Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 3 years ago

This blog does not allow anonymous comments