A candid look at the listing appointment I lost — and what it taught me about the difference between polished presentation materials and the pricing, negotiation, and problem-solving skill that actually gets a Wilmington home sold on a two-week deadline.
Episode Summary
I had a recent experience where I went and visited some folks about selling their house, and they had a very quick timeline. And I thought we had a really good conversation. I had about a 12-hour notice, maybe 18-hour notice to get there, so I didn't know a lot about the situation. But I went out there. I didn't have a full-on listing binder presentation put together because I hadn't seen the house, and I needed to know more about the conversation, what their goals were, what their needs were. And after being there, I learned that we didn't have six weeks to sell it; we had two weeks to sell it. But anyway, I gave them some great guidelines. We had a great conversation, super nice people. And as we went through the process, I was explaining, you know, kind of some ideas on how to handle the other end of it, the negotiations to purchase a house, and if the contract needed to be extended, how it could be done, and communicating with the agent there. But what happened was the next day I got an email and said they chose a different agent, which I understand. It doesn't happen to me a lot. God has blessed me with that. But I asked for feedback and got some great feedback, and they felt like I wasn't, I think, prepared because I didn't already have a photographer lined up or any of that because I didn't know, quite honestly, the timeline, how quick it was. And they didn't, I didn't leave a binder. I didn't leave any collateral information. And so they had no reason to know that. All of the resources that our team and company have at our fingertips. And, you know, so I understand that they didn't know what they didn't know. Well, they listed it with another team that promised them a lot of things. They said they could sell houses the last two years, average days on market in 24 days. I find that hard to believe on all listings, even the ones that expire or don't sell or take time or that are overpriced. I find that hard to believe, but I'm not going to argue that. I could handpick a few hundred too, but the sellers honestly and truthfully, I didn't even explain to them that, you know, how our team works, how we have a complete, you know, listing to closing process, and even a post-closing process. We handle all the logistics for them. We even get involved. We help them move. We have, you know, they can fire us at any time, easy exit agreements if they're not happy. And, you know, we negotiate 100% on their part because we work for them. And, but I think by not having the fluff of the binder, which told them all the things that they didn't know, and the other folks came in with the fluff of a binder, I lost the listing. I've always gone in and, you know, I think my biggest value proposition is being transparent and open, talk and having some hard conversations about the market, the market price, condition. And the reality of things, and then bringing my experience in because I'm, I hate to say I'm an expert of anything, but I am an expert at working through hard things, especially quick timelines when there's multiple moving parts. This is a perfect example of one that would have been perfectly up my, in my wheelhouse. But it, I didn't have the fluff that it took because I didn't have anything after I left other than the market analysis, which I put together very quickly. And of course, I didn't share with them. Our printer jam, our binder was jammed, so I couldn't get it bound and done like I normally would because it was rushed. And, but that's not their fault. So they made a decision, and from the appearance of it, I get their decision. And they were super kind and transparent with their feedback that I did ask because I always want to learn. And we're fixing a lot of that. We're going to have a binder that goes out with every single time, and it's going to have a tremendous amount of information in it. A lot of the stories and a lot of the goods, the bads, the pitfalls, and how we accomplish them. And, you know, we got thousands of reviews. We've sold I don't even know how many houses, somewhere between five and ten thousand houses in my experience here. I've had, I was the first team in Wilmington, and we've been running teams ever since. We rank the highest there is in not just Google, but now in the AI engines, we are ranking in those at a higher level, only less than Zillow and Realtor.com. And we are doing just a tremendous amount of marketing, but I didn't talk about it. I didn't explain it, and they didn't see it on paper, which would have been in the binder, which would have been the fluff. And I don't mean fluff in a bad way. I guess I'm just not a fluff person. I'm a— and as I've been doing this longer and longer, I know the number one thing that matters is the price, the strategy, and the negotiations, and thinking about all the little things, as simple as, does the attorney they're using here wire to another state or not? Because that can cause delays. And, you know, we talked about that, but I'm sure they didn't remember it because they were interviewing multiple agents. But it was just, it was kind of eye-opening. And I guess you could say that, you know, over the last number of years, I've been able to kind of go in and wing it based on my reputation and, quite honestly, my track record. But these people, I mean, it's everything to them. They've got a big move, and they needed to see it. And the appearance with the fluff and some of the things that was conveyed that was said, which is completely unrealistic, that I won't repeat, I think that that obviously cost me a listing. And I think, honestly, it cost them an opportunity, and I hope they get their house sold. I hope it goes well. And I hope that the people they are dealing with, and I'm gonna have full confidence that they are an excellent team. I don't know who it is. I don't care who it is. But I just, you know, I guess I always figured, is it fluff or is it skills, negotiation, and having those truthful hard conversations? Because all the marketing and the fluff in the world is not going to sell your house. It is going to be the hard conversations in this market around price, negotiations, expectations. And when you run across a problem, having dealt with that problem over the last 28 years, it probably won't be the first time you're doing it. So anyway, I just kind of wanted to get that out there and have that conversation. I'm not finding fault. I took it as, I mean, it is literally sitting on my chalkboard in front of my computer right now as a message to me, to we have to bring the fluff and the skill set and the knowledge. One can't be done without the other with a number of people. Now, for people that have sold a lot of houses, they don't need the fluff as much. But for people that haven't sold a lot of houses and that don't understand the process, and we can't make assumptions that they do. They don't do this every day we do. So I do take responsibility for that. So anyway, I hope this is helpful to other agents out there. And I, you know, I would apologize to my team because my team, when I didn't get a listing that I should have gotten, that was the best fit for probably, that hurts our team because that money is what we reinvest into our online marketing and offline marketing. And anyway, so I thought I would share that. So maybe to help an agent out there, it'll help a buyer out there or a seller out there, I should say. And, you know, recognizing kind of which is more important, the fluff or the reality, when the truth is, I guess both of them are.