What is a Real Estate "Team"? How would you benefit?

You might be wondering “what is a Real Estate Team”? Why should I care?  If you require a predictable level of service, and are seeking an exceptional experience with a Realtor in Tampa Florida…please see below.

Realtors who provide excellent service can expect to see their business grow. Like any small business, there comes a time when the business grows to a point where one person can no longer do everything. At this point, Realtors must decide how to proceed: attempt to maintain service levels all by themselves, or hire a staff and bring on additional agents.

Traditional Realtors operate as solo agents, while others form Teams – or quasi operating companies. Regardless if you select a traditional Tampa Realtor (solo practitioner) or a Realtor from a Team, you will have one primary point of contact responsible for fulfilling your goals.  If you are buying Tampa real estate, or selling a home in Tampa, the differences below should matter to you: 

A Real Estate Team
As run by Team Bohannon:
- has multiple agents working together.
- has a staff to implement marketing plans.
- has administrators oversee details between contract and closing.
- has “specialist” for various aspects of the real estate business.
- utilizes systems to achieve predictable results & service levels.
- allows agents to grow “as a business” rather than “as a craft”.
- pools resources and spend money on marketing.
- has meetings, business process and accountability.
- has employees, benefits, budgets, and financial planning.
- ensures someone is in the office 7 day per week.
- allows agents to achieve life/work balance.
- can do several things at once: show homes, implement marketing plans, provide feedback on showings, update a market analysis, handle negotiations, review inspections, follow-up on financing, meet appraisers, manage contracts, and attend closings.

 
Traditional/Solo Realtors
A solo agent:
- is kind of like a “one-man-band”.
- can quickly become very busy and overwhelmed.
- faces major time pressure to do multiple things at once.
- has a challenge maintaining service levels at times.
- must have diverse skills: sales, marketing, administrative, clerical, creative
- cannot realistically work 7 days a week, every week.
- are more subject to burn-out.
- will leave town and take vacations or be unavailable at times.
- must do several thing at once: show “out of town” buyers homes, implement marketing plans, provide feedback on showings, update a market analysis, handle negotiations, review inspections, follow-up on financing, meet appraisers, manage contracts, and attend closings.