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Are You Being Unfaithful To Your Agent On the Internet?

If you are working with a Realtor and reading this story online, you are Net-savvy enough to be tempted to use the Internet to look at homes without your agent. But is it worth it to be "unfaithful" to your agent on the Internet?

What the agent doesn't know, can't hurt, you may think, but turnabout's fair play. Let's find out what you don't know that can hurt you, too.

Agents work through a cooperative listings service called the MLS, and they network through email and word of mouth. Your agent already has access to the newest homes that come on the market and has already told other agents about you and what your needs are. So if your agent knows everything first, what is the advantage of using the Internet?

It's fun, and you may secretly think there is a chance that you'll learn something your agent hasn't told you. But will you?

Online listings and information tools such as school reports and home evaluations are fun to use, but did you know that any of these can lead you to other real estate agents?

Most of the large real estate portals such as Realtor.com, Homeadvisor.com and the new Homespace.com attract buyers and sellers through listings. You can shop by zip code, neighborhood, or you can put in the exact address of a home you are interested in and learn all about how the home compares to other properties in the area, including where it is located on the map. But if you want any detailed information beyond that, chances are that you will have to either email the listing agent directly, or give your name and email address in order to receive the full report.

These lead generation tools are a great way to put consumers and service providers together, but if you already have an agent you don't need such services. If you click contact an agent through a listing or report, you'll initiate a relationship, and only one agent can end up with your business. If you are under a buyer representation contract, other agents will simply refer you back to your agent like a lost little sheep, but if you aren't, your agent and other agents could come to some wrong conclusions about you - namely that you aren't really ready to buy. Ready buyers exhibit certain behaviors like picking one agent and sticking with him/her.

If your Realtor believes you aren't really ready to buy, what would s/he do? S/he won't dump you, but s/he will definitely move you down the priority list - exactly the opposite of what you want to happen. Remember that tight email/word-of-mouth Realtor network? That means if a home comes up for sale, other buyers in the network will hear about it before you do. None of the Realtors you've contacted will prioritize contacting you because they don't know whether or not you'll follow through and let them help you. Realtors don't like to waste their time, so the upshot is that the homes you might be interested in will be sold long before you ever hear about them. Many will be sold long before they ever reach the MLS, much less the Internet. So what good did that Internet two-timing do you?

If you are tempted to stray from your Realtor, ask yourself why. Perhaps you have a good reason. You might not be ready to buy a home, or something about your Realtor may be bothering you. Is your Realtor doing everything you expect him/her to do? If not, give your Realtor a chance to understand what your expectations are and make things right. Don't let him/her hear it through the grapevine that you found someone else.

Published: July 19, 2000

Use of this article without permission is a violation of federal copyright laws.




Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


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Review - Honors

In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

For more articles by Blanche, click here.




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