Managing Buyer vs. Seller Expectations
Introduction
Buyers and sellers have different, sometimes conflicting, priorities. Managing these expectations is essential for maintaining professionalism and driving successful outcomes.
For Buyers
Budget Clarity: Reinforce that pre-approval sets realistic limits.
Market Education: Provide comparable listings to align expectations with market realities.
Transparency: Highlight possible compromises (location, size, finishes).
For Sellers
Pricing Guidance: Use data to justify recommended listing prices. Avoid inflating expectations.
Marketing Strategy: Explain how Sotheby’s marketing (photography, staging, digital) supports premium positioning.
Timeline Awareness: Communicate average time on market for similar properties.
Tips for Both Parties
Stay neutral and fact-based during negotiations.
Reinforce the long-term value of the Sotheby’s brand.
Document all discussions in CRM for continuity.