Older sellers, wiser agents

Empathy: Agents develop it when undergoing special training to help senior clients through the labyrinth of selling their homes.

February 21, 1999|By Charles Belfoure | Charles Belfoure,SPECIAL TO THE SUN

It's understandable that Garnet Gura wouldn't know very much about today's real estate market.

She had spent the last 47 years in the same house in Middle River, working and raising a family. But when she decided to move to Oakcrest Village, a retirement community in Parkville, she needed help selling her home. Gura found an agent to list her house, but she rarely heard from him.

"He never bothered with me for three months," Gura remembered. "He didn't really try."

She obtained a release from her listing agreement and then contacted O'Conor Piper & Flynn ERA and was given the names of Lacy Rutherford and Lee Eder, agents who were part of the firm's Senior Advantage program.

Established almost two years ago, the program is based on the concept that senior citizens can benefit from the help of real estate agents trained to deal with their special needs and problems.

"These agents have a great deal of empathy for their clients and know what an overwhelming experience it is for them to sell their homes and move," said Diana Miller, director of the company's program.

"Lacy and Lee were so nice; they did everything possible. They were really interested in my welfare," said Gura, now comfortably settled in Oakcrest.

The Senior Advantage program is part of a trend emerging across the nation. Realty companies have come to appreciate that America is aging; by 2000 there will be 75 million people over age 50.

"A very substantial part of the real estate market in the future will involve seniors," said James P. O'Conor, chief executive officer of OPF ERA.

In response to this trend, in-house programs, entire corporate divisions, and specialized training seminars are being developed, all based on the belief that it takes more than traditional skills to sell a senior citizen's home.

Other local realty companies have formed senior divisions as well. Coldwell Banker Grempler Realty Inc. (CBG), in partnership with Catonsville Community College, created a Seniors Issues and Housing Opportunities program to train its agents to offer special care for senior clients.

"Our program brought in an elder-law attorney who explained senior issues to our agents, and nurses told of the emotional issues that concern the elderly," said Dawn Covahey, corporate sales manager for CBG. "There's a stigma that the Realtor just wants to sell the house and doesn't care where the client goes, but this training enhances the human side of the business."

"Today's senior has been in their home an average of 53 years," Miller said. "Back when they bought a house, they signed one piece of paper. Today, they're amazed that they have to sign 30 pieces, plus worry about radon tests."

Rutherford and Eder, who work as a team out of O'Conor, Piper & Flynn ERA's White Marsh office, say clients often are overwhelmed by today's complexity in buying and selling a home.

"When they bought a house, they agreed on a price and shook hands," Eder said. "They're not used to the practice of the seller contributing to the closing or paying points; it's all very strange to them."

When a older homeowner contacts OPF, a personal move manager is assigned to assess his or her needs and coordinates dates such as when the senior wants to move. If the seller doesn't have a preference, an agent trained to deal with seniors is assigned.

The agent meets with the client and do a market analysis to set a realistic selling price. This is a key part of the process; too high a price means a long stay on the market.

"The house has to be priced correctly," said Eder.

At this point, a lot of Realtors would put up a sign and never be seen again. But a seniors agent is in constant contact with the client, calling every week even if no one comes to look at the house. They become part of the senior's support system.

"Seniors require a whole lot more attention than the average buyer," said Paul Myers, an OPF ERA agent in Westminster. "It means sitting and talking on their porch swing."

To help clients through such an emotional time takes patience and the ability to listen. "It's all about rapport," said Rutherford. Seniors are wary of being taken advantage of and the agent must win their confidence. Gaining the client's trust doesn't come overnight. "You can't be pushy," Eder said. "You have to let them work at their own pace."

An agent dealing with younger clients may look at a house as just a house, whereas the agent who has been trained to assist seniors knows that the house he's selling contains 50 years of memories. Parting with the house may be economically necessary, but sentimental value makes the move more emotional. "The hardest thing for me was leaving my home," said Gura. "Oakcrest is very nice, but it's an apartment, not really a home."

Another aspect that makes the issue more personal is that many agents, too, are older.

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.