Tag: Real Estate Scams

  • Why Good Agents Ignore Most Portal Leads

    Why Good Agents Ignore Most Portal Leads

    “Can you send me more information?”

    If you sell real estate long enough, you’ll get that message over and over.

    Usually it comes through one of the big portal sites.

    The first time I got one, Looked legitimate enough, and it was on a fairly large listing so of course I was excited.

    They wrote in a reasonably normal way and seemed interested in the property. I sent the information they requested.

    A few minutes later they responded that they were out of town and would like to schedule a Zoom call with their spouse.

    Still sounded reasonable to me, then came the link. Luckily my antivirus software had a stronger opinion about that link than I did.

    The whole thing was a scam.

    Since then I’ve seen it repeatedly.

    For whatever reason, most of mine seemed to come through a certain brokerage company’s website. I don’t blame them for it too much. It’s probably not something they can really stop, short of not showing properties on their website and having links for info.

    Once you’ve seen it a few times, you recognize the pattern pretty quickly.

    Today I got another one.

    This time it came through one of the big portals. I’d name them, but I really don’t want to hear from a lawyer.

    The message asked for additional information. I sent it. A few minutes later came the request for a Zoom call.

    At that point I already knew where the conversation was headed.

    Goodbye.

    The interesting part isn’t the scam itself.

    The interesting part is what happens when agents get flooded with junk inquiries.

    Consumers assume every inquiry is treated equally. It isn’t.

    After you’ve spent enough time sorting through spam, scammers, tire kickers, people gathering information, and people who accidentally clicked a button, you stop getting excited every time a portal notification arrives.

    You become skeptical.

    That’s not because you don’t want buyers.

    It’s because most of the signals turn out not to be real.

    The portal I mentioned above has managed to create a different problem too.

    I’ve had people call me angry because I supposedly wouldn’t stop calling them. The only problem was that I had never called them in the first place. Somewhere along the line their system apparently glitched and attached my information to something it shouldn’t have. The person was frustrated. I was confused. Neither of us knew what was going on.

    That’s what happens when technology gets between people.

    Everybody assumes the system is working. But sometimes it isn’t.

    If you’re wondering why an agent isn’t responding to your inquiry through a portal site, this may be part of the reason.

    Pick up the phone and call them. Or send an email directly. You’ll have a lot more luck.

    Do something that looks like a real person trying to have a real conversation.

    And if you’re a seller wondering why your agent isn’t sitting by the computer refreshing portal inquiries all day, this is part of the answer too.

    Most experienced agents have learned that quantity and quality are not the same thing.

    A hundred notifications can still be worth absolutely nothing.



    PPS- If you’re not ready for a Land Reality Check but enjoy reading about land, negotiation, markets, and how business actually works in the real world, you can sign up below and get future posts in your inbox.

    No hype.

    No sales funnel.

    Just new posts when I write them.

    Register to Receive Posts Via Email!

    By submitting, I understand I will receive marketing emails and blog posts from Mike Browning Realty and/or associated companies. Unsubscribe at any time.

  • The Highballer

    The Highballer

    I’m sure most people reading here have had the experience of going to a car lot. I kind of like the process, but I’m weird. And I negotiate for a living, so it’s kind of like practice.

    But for most people, it’s like pulling teeth.

    We all know how it goes. You find a car you like and take it for a test drive. Afterwards, the salesman asks this question:

    “If I can get you the right price, would you buy the car today?”

    Well, sure. Who wouldn’t for the “right price?”

    Next step you go in the office, and they ask you for a number. You try to give them a low number, but my experience is most people don’t go low enough. (a good rule of thumb is if you’re not at least a little embarrassed by your initial offer, it’s too high)

    Salesman takes the number, acts excited, and says he’s going to go get it signed off on by his boss.

    You know what happens next. They can’t do it. You start negotiating, and they use every trick they know to play off your neediness. Including dragging the process out for hours. So you feel like you’ve wasted time if you don’t make a deal.

    If they know what they are doing (and they do), you probably end up agreeing to something you regret.

    It’s not necessarily that you shouldn’t play the game, it’s that you need to know what the game is before playing.

    A similar thing happens in land sales, especially in areas that are ripe for development.

    It’s not every buyer, but certain buyers will be very aggressive in trying to get your property under contract. Even if they are pretty sure it won’t work at the number you’re asking.

    They say, “what will it take?” You give them a number, they write it up and you sign. And you start counting the days til you can spend the money.

    Even more than you expected!

    But don’t forget there are contingencies in those contracts. They can get out of the deal, and it doesn’t usually cost them much.

    So even if you’re asking too much, they go ahead and sign it up. Worry about that later.

    Come back to you a couple months down the line, use every trick they know to get the price down, get more time, whatever. They know you have a bunch of time invested, and it’ll feel wasted if you have to start over.

    So you give in more often than not.

    But you have to know what the game is, and what to expect.

    PS — Not every buyer works that way, and it doesn’t always mean they’re dishonest. To buy something, you’ve got to get it under contract first, and some are just more aggressive about getting there.

    The key is knowing what you’re getting into. If you’re not in the business, it’s hard to know who’s who—but you need to. Or have someone in your corner who does.

    Yes, you’ll pay on the back end—but the peace of mind is worth it.

    Is it ever a bad time to start a conversation with someone who knows the players and has the integrity to treat you right?

    Click below,