A while ago, a pal of mine informed me a friend of hers was selling his Guelph home, and lamented that it hadn’t been running smoothly for him. Word from her friend was there was virtually no sales activity and also the listing agent didn’t are taking care of getting people through the door.

She asked about to go check out the listing online, that i did. What I found was, obviously, your chance detail. Besides that, nothing. No virtual tour. No scheduled open houses for Realtors and people. Merely a short write-up plus a number of dimly-lit, blurry images of the house which had clearly been taken employing a smart phone. I thought to my friend, “he hired a buddy… didn’t he.” And affirmed, he previously. Skip forward to months later, additional marketing done on the seller’s initiative (and expense, if you can accept it) and, as memory serves, a minumum of one if not two price reductions. The house sold, but it took way too long, and eventually it went for under it was worth.

Why? Because someone hired a buddy who happened to be a Guelph Realtor without first a little basic steps to ascertain if his pal was a good Realtor.

I’m not to imply don’t hire a friend. Outside family you’ll find nothing more valuable in my experience than my close friendships. However, selling a home is a large financial commitment and you’ve got to undertake it right, both around the buy and also the sell. Meaning: Hire a good Realtor. If he or she happens to be your friend, awesome. Talk about a win-win! One of the upsides to having a friend is always that, presumably, he or she knows you in and out, and you also understand that person has your back. Are both very important when you are buying or selling a home in Guelph.

But there can be downsides, too, and the main you are this: Let’s say your friend really isn’t the best person for the position?

Here are your two best options, when i notice:

1. Hire Your Friend – however only after you’ve asked her or him to do a formal presentation, and only if they has truly impressed you. Inform your friend that you are interviewing three (or whatever number) agents and the man or she actually is one. If that friend is offended, so be it – however i would debate that any true professional within this business doesn’t take offense at being asked to “win” someone’s business. It’s area of the job.

2. Ask Your Friend to touch on One to Somebody else – if you are certain you don’t wish to mix business and personal. As Realtors, we have the chance to refer clients to colleagues, as well as in doing this we typically be given a percentage of that other Realtor’s fees. So this is a method so that you can opt away from getting your friend fully handle your case directly, but still supply him with some credit and also the possibility to participate in the transaction in a really arms-length way. And it’s a lot easier to hear, “We want someone who isn’t a buddy, because which is complicated – but we’d as if you to acquire a referral fee… who is it possible to recommend?” versus, “We felt awkward and simply called so-and-so.”

Every case is different, and each friendship is different – so make use of best judgement. But never just ‘give’ someone your small business in terms of something this important.

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