Friday, October 28, 2011

COMMUNICATING EFFECTIVELY UNDER PRESSURE A Realtors thoughts on working with clients…


By: John Mangas, real estate broker

“No…that’s not what you said…”

And then it goes downhill from there.

Misunderstandings are a natural part of the communication cycle. If we become more aware of how we send and receive, respond and react, we reduce the number of misunderstandings that occur. As a RE/MAX Realtor and Broker in the Metro Toledo, Ohio area, I can attest that our clients very often don’t understand the home buying and selling process and depend on our skills to assist them.

There are 3 basic principles to follow:
1. Speak carefully
2. Listen attentively
3. Respond Accurately

Friday, October 14, 2011

Working at Home vs. the Office

By: Barbara Todaro

As the market continues to become more challenging every month, I’m noticing that agents who previously worked from home are now making an appearance at the office more frequently. When that happens, there is always a conversation about business and new ideas are shared.

Without those new ideas and thoughts, there are transactions that may not have happened. Without that interaction with other agents, there are listings that may have been lost to another office. There are many positive factors involved with having an office environment available to agents.
Many agents in other offices refuse to go into the office because of the social hour that occurs every day. If an office has agents who are all business, those social hours do not happen. I have to say that our RE/MAX Executive Realty office in Franklin MA is an office filled with agents who are all business.

Wednesday, October 5, 2011

It’s easy to take the “no tech” approach…What's he talking about you ask?



By John Mangas, RE/MAX Preferred Toledo Ohio

      I’m a RE/MAX broker in Toledo Ohio with 85 associates in 3 locations and over 700 listings. We closed about 1700 transaction in 2010 and are on track to do so again in 2011. We do business throughout Metro-Toledo and sell homes, condos, apartments, land etc. Basically, we deal with all types of property and people. What I’m getting at is this, nearly every day someone is in my office complaining about technology. Perhaps it’s a seller that wants only email communication, but doesn’t check their email regularly (while complaining about technology the entire time to the listing agent or anyone else that will listen). Or maybe it’s an agent complaining about a 20 something buyer that wants to negotiate a purchase offer via text messaging exclusively. In my opinion, these people are actually in the middle of the continuum. On either side of them we have people who still have (and use) a home phone and don’t have internet access. On the other end of the spectrum are those people who consider it normal to have their smart phone downloading a new app while looking at social media on their iPad and check work email on the lap top all while enjoying family movie night at home on the couch. As sales professionals it is our job to size up and sort out the level of technology our clients (and yes, even the other agent involved) are comfortable with using.

      Let’s be honest here…how many of us regularly use the fax machine collecting dust in our office? In a new era of technology options, we are forced to know and understand the options that exist. Electronic signatures are here to stay. So is the new world economy. Our web site, http://www.metrotoledohomes.com/ is getting hits from across the country and around the world. Investors have identified Toledo and many of our suburbs like Perrysburg, Oregon, Waterville, Maumee and Bowling Green as great places to put their money. And yes, like many of our other clients they are doing business electronically.

      One piece of advice that I consistently recommend is to identify the communication preference that your client is comfortable with. Yes, if it’s a couple, there may very well be two different communication applications going within one side of the transaction. When you factor in the other side of the transaction, the lender, appraiser, title company 
and perhaps even a 3rd party company or asset manager; there are multiple layers of communication methods taking place. As engaged professionals, we no longer have the luxury of not learning that next new thing; it’s our job.

      To be certain, there are clients out there that are “no tech” wanted. They want to speak in person or at the very least on the phone and insist on original documents with real ink on them. I say great; go see them at Starbucks and wear your name badge to better leverage the appointment. Then, go back to the office and scan the documents to a jpg…the next person in the transaction will be asking for it soon enough.


Monday, October 3, 2011

Foreclosure - Bank Owned Homes

by: Kathy Kuyoth -  Broker/ Owner
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National and Regional Experts are saying that we should see an increase in inventory of homes for sale in October and November 2011. Many of these homes are being held by banks and mortgage companies. They  have been tied up because of concerns regarding improper signing of foreclosure documents.  This is on a national and regional level as well as the Toledo area market.
           
We are also being told that there is not a large shadow inventory of homes that will be marketed by these banks and mortgage companies in early 2012. Most of these homes are in the short sale process or have already closed by short sale.  A short sale exists when a seller, because of hardship can no longer make payments and owes more than the current value of their home. The banks and mortgage companies are usually willing to negotiate a short sale with the owners because it’s much less expensive than going through the foreclosure process.
           
If you have questions regarding short sales or want to see if you qualify call
RE/MAX Preferred  and ask for a short sale specialist. 419-720-5600.

            For more information regarding short sales and foreclosure go to