Customer Service – Quack or Soar

I’m in the customer service business.  Real estate is not a business of monopolies.  I know that if I don’t provide my clients a great experience they can and will use someone else.  At last count, there were over 1,200 Realtors in the Boulder area.  I don’t take my business for granted and work hard at what I do.  I strive to give my clients prompt, honest, intelligent and enthusiastic service.

The story below from Harvey Mackay gives a great example on the difference between poor service and extraordinary experience. 

Harvey Mackay tells a wonderful story about a cab driver that proved this point. He was waiting in line for a ride at the airport. When a cab pulled up, the first thing Harvey noticed was that the taxi was polished to a bright shine. Smartly dressed in a white shirt, black tie, and freshly pressed black slacks, the cab driver jumped out and rounded the car to open the back passenger door for Harvey. He handed my friend a laminated card and said: “I’m Wally, your driver. While I’m loading your bags in the trunk I’d like you to read my mission statement.”

Taken aback, Harvey read the card. It said: Wally’s Mission Statement: To get my customers to their destination in the quickest, safest and cheapest way possible in a friendly environment. This blew Harvey away. Especially when he noticed that the inside of the cab matched the outside. Spotlessly clean! As he slid behind the wheel, Wally said, “Would you like a cup of coffee? I have a thermos of regular and one of decaf.”

My friend said jokingly, “No, I’d prefer a soft drink.”

Wally smiled and said, “No problem. I have a cooler up front with regular and Diet Coke, water and orange juice.”

Almost stuttering, Harvey said, “I’ll take a Diet Coke.”

Handing him his drink, Wally said, “If you’d like something to read, I have The Wall Street Journal, Time, Sports Illustrated and USA Today.” As they were pulling away, Wally handed my friend another laminated card, “These are the stations I get and the music they play, if you’d like to listen to the radio.”

And as if that weren’t enough, Wally told Harvey that he had the air conditioning on and asked if the temperature was comfortable for him. Then he advised Harvey of the best route to his destination for that time of day. He also let him know that he’d be happy to chat and tell him about some of the sights or, if Harvey preferred, to leave him with his own thoughts.

“Tell me, Wally,” my amazed friend asked the driver, “have you always served customers like this?”

Wally smiled into the rear view mirror. “No, not always. In fact, it’s only been in the last two years. My first five years driving, I spent most of my time complaining like all the rest of the cabbies do. Then I heard on the radio one day that if you get up in the morning expecting to have a bad day, you’ll rarely disappoint yourself. He said, “Stop complaining! Differentiate yourself from your competition. Don’t be a duck. Be an eagle. Ducks quack and complain. Eagles soar above the crowd. That hit me right between the eyes,” said Wally. “That was really talking about me. I was always quacking and complaining, so I decided to change my attitude and become an eagle. I looked around at the other cabs and their drivers. The cabs were dirty, the drivers were unfriendly, and the customers were unhappy. So I decided to make some changes. I put in a few at a time. When my customers responded well, I did more.”

“I take it that has paid off for you,” Harvey said.

“It sure has,” Wally replied. “My first year as an eagle, I doubled my income from the previous year. This year I’ll probably quadruple it. You were lucky to get me today. I don’t sit at cabstands anymore. My customers call me for appointments on my cell phone or leave a message on my answering machine. If I can’t pick them up myself, I get a reliable cabbie friend to do it and I take a piece of the action.”

Wally was phenomenal. He was running a limo service out of a Yellow Cab. I’ve probably told that story to more than fifty cab drivers over the years, and only two took the idea and ran with it. Whenever I go to their cities, I give them a call. The rest of the drivers quacked like ducks and told me all the reasons they couldn’t do any of what I was suggesting. Wally the Cab Driver made a different choice. He decided to stop quacking like ducks and start soaring like eagles.

Just remember…Ducks Quack, Eagles Soar.

Do I quack or soar?  hmm

A Slow Time in the Market is a Great Time to Plan

The last 10 days of the year are usually some of the slowest of the year when it comes to real estate.  Throughout the Boulder area people are out enjoying the snow, enjoying friends or are out of town all together.  Even though showings and contract writing is slow I know that many people are starting to consider where they want to be living next Christmas.

I too am taking a few days off to spend some time with family, but at the same time I’m gearing up for 2010.  The business landscape is always changing and I am continually looking for new and better ways to help my clients buy and sell homes.  I am truly excited for the coming year and if you are considering a new home I’d love to talk it over with you.

Here is a quick chart showing the weekly activity in the Boulder real estate market.  Of the 67 properties that closed last week in Boulder County the median price was just $267,400.  Still the lower price ranges are selling well.

Bike Commuting in Boulder Colorado

Bike Commuting in Boulder Colorado

Boulder is well known to be one of the top locations in the country for bike enthusiasts of all kinds.  There are world class cyclists, tons of weekend warriors and plenty of want-to-be’s and look-alike’s.  But what separates the boys from the men and the women from the girls is the weather.  With miles of designated bike lanes and paths that avoid traffic altogether, it is really easy to get around town riding your bike when the weather is good.  But winter is when you see the real dedicated cyclists show their stuff.  Through darkness, snow, cold and traffic you see bike commuters braving the elements and sticking to their convictions.  The City of Boulder makes what seems to me to be a good effort to keep the bike paths clear of snow and this allows the dedicated few to continue their daily ritual right through the winter.
I see bikers every day heading to and from the office, but today I noticed this unusually well outfitted cyclist heading from Gunbarrel into Boulder.  His rig was not your normal bike, it was an extra long, electric enhanced, two wheeled, all terrain, work, delivery, moving bike.  He had built-in hand warmers, two rear flashing lights, a high output front lamp that would have made me flip my rear view mirror to night mode, if I had to do that anymore.  Basically, he had made a major investment in his transportation and he outfitted his bike to do everything he needed it to do.  Awesome!

Here are a few links that will help you get set up if you want to dip your toes into the world of bike commuting or go all out like the guy I saw this morning.

Bicycle Colorado

Bike Denver

Denver Cycle Share

Boulder Bike Map

Go Boulder

Boulder Bike Commuters of the Year 2009

303 Cycling.com

Tips on Commuting Bikes

Info on Electric Bikes

I love Boulder!

Real Estate Auctions – What to Watch Out For

Tough market conditions call for creative ways to sell a property.  More and more I’m hearing about an auction as a sales alternative.  Buyers are looking for good deals through foreclosure and short sales but these are not always desirable homes.  Auctions by privately owned homes tend to be a viable option for homes in the higher markets and so they tend to attract higher end buyers looking for a good deal.  The marketing is slick, it looks like a good place to get a steal of a deal but WHAT IS THE CATCH?

There are many potential surprises when you attend an auction and they include?

  • Minimum prices that may or may not be stated clearly before hand.  The words “minimum” and “reserve” can be used to make people think that they might just get the deal of the century when there is no chance that the seller is selling for less than X.
  • The owners and the auctioneers set the rules.  If the rules change it is bad PR and will cause bad feelings but in the end what recourse does a potential buyer have if the seller reserves the right to cancel the auction at any time in the fine print.
  • Buying a house at auction may come with strings attached.  Like, pay cash within 24 hours or use a certain lender.
  • Most auctions are final and binding so if you want to inspect the property do it before the auction.
  • Watch out for premiums.  Auctioneers get paid a percentage of the sales price.  Many times this is in addition to the sales price and paid by the buyer.
  • Watch out for bidders attached to the seller.  The seller may advertise a no minimum, no reserve auction but have a bidder placed in the crowd who will bid the property up to at least the amount they want to sell for.  If their placed bidder “wins” the bid the deal will mysteriously fall apart.  We have had this happen recently in our market and the bids were inflated by a real buyer bidding against a relative.  A week or so after the auction the real buyer was contacted by the seller asking if they still wanted to buy the property.  The seller did not go through the registered agent who was helping the “real buyer”.  Luckily the buyer smelled a rat and did not bite.

Condition at Closing and Why the Final Walkthrough Is Important

One of the greatest sources of letdown and conflict in a real estate transaction is the condition of the house after the Sellers move out. Provisions in the purchase contract allow for the buyer to do a walk through inspection prior to closing. I advise my buyers to do this walkthrough as late as possible so as to see the true condition of the property as it will be left. What to look for in a walkthrough could be its own topic but in summary; we are checking to make sure that the inspection items were completed as agreed upon, the inclusions are still at the house, that there has not been any recent damage to the house and finally to check the cleanliness of the house. The first three items are fairly “cut and dry”, either the refrigerator is in the kitchen or it’s not. I have found that cleanliness is very subjective. What may be very clean to one hurried, harried seller may be “filthy” to the buyer. I try to mitigate this by talking about this subjective divide as we write the agreement and make the language in the contract as plain and literal as possible. Instead of saying carpet cleaning (sellers picture the Bissell in their closet, buyers picture the $500 top of the line pro), I would make it clear that the carpets are to be cleaned by a professional with the receipt provided.

No matter what you try to plan for it is an issue. Sometimes it becomes an outlet for buyer frustration after a particularly tough set of negotiations. Sometimes it is a seller with good intentions but not enough time. Sometimes it is a professional hired who does a less than professional job. All I know is that I have hired cleaners, pitched in with the sellers as we did a last minute shine or have cleaned cupboards and closets myself. Small important details in making the closing day go smoothly and making my clients happy.

So some parting advice:
To Sellers:

  • Plan in advance. Closing and moving is a very hectic time and it is not always easy to complete all of those little last minute tasks.
  • Bring in help. Hire a cleaning company or better yet family. It is always very hard to go back to the old house to clean while all of your stuff is at the new house.

To Buyers:

  • Get it in writing. If you are worried about the condition of the house, set forth your expectations in writing.
  • Be realistic. Maybe you have to tidy up a bit when you move in to bring it up to “your” standards. Don’t let it ruin your day.