Hampton Roads Virginia Real Estate

Sucking Up to Buyer-Agents...Our #1 Customers

we love buyer agents heart buttonBuyer-agents sell 100% of our listings.  Yes, the buyers may find our properties online; perhaps even through our marketing efforts...but buyers don't bring us contracts; their agents do.

When we decided to treat co-brokes as customers ("guests" in our "homes"), our business model changed dramatically.  Buyer-agents now call us WANTING to sell our properties - they tell their fellow agents and we've built a "following", if you will, of repeat "customer-agents".

Yes, transactions can get sticky; even downright ugly.  Our tongues can bleed from biting them so hard.  But, we each represent our clients and our goal is to look out for their best interests...ahead of our own.

A few months ago, we came up with a list to help us offer a better customer experience for our fellow agents.  By no means do we feel we have reinvented the wheel; however, it has definitely helped our business.  Also, we review each of these items with our sellers; since they are our clients and we work for them.

1.  WE WILL make sure our listings are easy to access and show.  We keep a "hidden" lock box nearby just in case an agent leaves a key inside or a termite inspector needs to run by the house to do a reinspect in order to close on time.  We ensure all properties have utilities on and have lights for night showings.

2.  WE WILL ensure that making appointments to show our listings is easy.  Phone, text or email - whichever works best for the buyer's agent.

3.  WE WON'T participate in dual agency.  Our sellers deserve our "undivided representation".  Buyer agents will know that a special commission arrangement will not be noted on our listings.

4.  WE WON'T bug buyer-agents with phone calls requesting feedback.  Like Seth Godin says, "A phone call is an interruption".  We send a short, 4 question email asking for feedback at their convenience.  When the survey is filled out, we send a thank you, whether the feedback is positive or negative.

5.  WE WILL do our best to overcome buyer objections and be creative.  Adding a wall, installing another closet or changing a paint color can be a lot less expensive for a seller than 90 more days on the market.

6.  WE WILL present any and all offers in a timely fashion and get responses quickly.  Showing a property and writing an offer takes a lot of time and effort.  We respect that. 

7.  WE WON'T say, "That's not our job".  Our closing coordinator helps the co-broke agents.  Yes, we will send the contract to the buyer's attorney.  Yes, we make sure all parties who are supposed to have the new addendum, receive it.  We realize that buyer-agents are out showing property and aren't always able to stop and re-send a fax or pull up a phone number.

8.  WHEN WE screw up, we will admit it and try our best to fix it.  If that means we have to pay for a re-inspect, a home warranty or a new refrigerator, so be it.  Our goal is the closing table, not a big ego.

9.  WE WILL have a title search done prior to listing to avoid title issues delaying closing.

10.  WE WILL make their day.  At then end of it all, whether it's flowers, a gift card or a handwritten note, the buyer's agent will know that no matter how difficult the transaction, we appreciate their business and selling our listing.

 

 

 

 

 

 

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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Making a Difference - Extending your Help to Someone with a Simple Gesture

 

Via Anne Marie Malfi, Real Estate Marketing Consultant/Virtual Asst, Bucks County,PA (Malfi Marketing Solutions ~ for real estate professionals):

This community is full of people who are always looking to make a difference to the people who hire us to provide real estate services, in our communities or to those special people in our lives.

This idea was shared with my  11 year old daughter (Sarah) from a teacher in her school.  My daughter has been actively looking for ways to get involved with more community service and this is one way she felt she could make a difference in someone's life.

If you're looking for another way to extend your help, especially this winter ~  another way you can make a difference to someone in your community, we hope you'll join us in making a difference!.

A simple gesture can make a difference, and you'll see how at the end of this short video.

 

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If it's not evident to you by now, consumers are very knowledgeable and computer savvy and are using the Internet to not only search for homes but for real estate agents and real estate professionals who they feel are like minded and can lead them to the results they are looking for.  

As we all know, there are only 24 hours in a day to get it all done...are you focusing on the right stuff to grow your business and meet your client's needs? Contact us today to get started!

Ready to take your Marketing to new levels? Anne Marie Malfi ~ Malfi Marketing Solutions.com ~ Copyright 2009

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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It Takes More Than Just Saying You're an EXPERT to be ONE

 

Via JL Boney, III Columbia, SC Real Estate (Russell and Jeffcoat):

 There's no doubt in my mind that one of the most overused words in the world today in EXPERT. It seems that everywhere you turn there are tons of people in every field imaginable that are experts. But the truth is that it takes more than saying you are an expert to actually be one. Unless you are an expert at making claims and running your mouth, just making the statement won't really do you any good. But, if you want to be one, the answer is simple, work and learn.

 Know your contracts and paperwork - What ever brokerage you work for, or where you are a lender, or appraiser, or anything else related to this business, you have paper work. Never ever have someone fill out paperwork that have not read from top to bottom. As far as a your contract is concerned, the one you use needs to be a reaction more than formality. You need to know it that well. The difference between an expert and someone who just claims to be one, is an expert has done what they need to do and learned what they need to know to succeed. So know your paperwork and your contracts, that way you don't look incompetent in the process on trying to convince someone that you're a big deal.

 Know your area- There's nothing worse than someone trusting you to take them around and show them an area, and you don't know it that well yourself. You need to know off the top of your head as much as you possibly can about the area or areas that you service. Clients may want to know where the closest grocery stores, shopping malls, hospitals, or even Pizza Hut is from what may be there future home. If they want to be close to the interstate, then you need to know the communities that will put them within a close proximity to the interstate in question. It's your job to provide answers and take care of your client's needs, so you need to know your area in order to do that.

 Know your market- The best way to know your market is to become an active part of it. Even if you have no clients to show around at this current moment, you still need to be ready for them when you do get one. That means staying on top of the current market trends. Study your MLS and check on communities for various price ranges. You need to know what's moving and what isn't. This helps you with both buyers and sellers. If a buyer comes to you and wants a home in a community that's flying off the shelf, then you need to make them aware of it. They may not believe you, but once that house sells out from under than, they will know you were serious. If a seller comes to you to list their house, then you need to be sure you can speak knowledgeably about what price range is moving well, that way you can immediately tell them what to expect.

 Know what buyers want- This again will help you with buyers and sellers. If you list a house and you know that it's outdated because buyers are no longer into the bright, orange shag carpet, then you can explain to the seller that they need to be willing to make some upgrades in order to compete with the current market. If you are working with a buyer and you know what's popular in today's market for your area, then you can usually put them closer to a home that suits their needs sooner than if you are taking a shot in the dark. It just makes things run a little more smooth.

 Know that you can't fake it- This is a hard one for people to except, but the days of fake till you make it are pretty much over. You may be able to fool a few, but eventually you will end up with a savvy buyer or seller and then the gig is up. If you don't know an answer, don't be afraid to admit it, just say you don't know but you will find out. They have Google too, so if you make up a lot of crap in an effort to make yourself look better, you going to look like a real idiot when they make it back to the laptop and they find out you lied. So just don't play that game. With the wealth of information available at the world's fingertips, you better be honest and upfront. Just do the right thing and work hard to learn the things you need to know. That way when you claim you're an expert, you can actually put your money where your mouth is when the time comes.

 

www.jlboney.com

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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0 commentsTina Merritt - Virginia Beach Real Estate • September 13 2009 12:44PM

RT the Vote - Together, Let's get Congress to Extend the 1st Time Home Buyers Tax Credit

 

If you think the $8000 first time homebuyer tax credit should be extended, please vote today!

 

Via rudy bachraty (Trulia.com):

Hello Rainers!

Today, Trulia helped start a Twitition to help extend the $8,000 1st Time Home Buyer tax credit. We're trying to get the attention of congress and need everyone's support to help spread the word.

If you think extending the 1st time home buyer tax credit is a good idea, then please vote.

All you need is a Twitter account. Then, please click this link and RT - Re-tweet the Vote.

http://act.ly/ig

Together, let's see if we can help influence some positive change.

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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2 commentsTina Merritt - Virginia Beach Real Estate • September 09 2009 08:53AM

5 Things Agents Need to Think About with Short Sales

I know I am in the minority here when I say agents should not be negotiating short sales.  (which I have written about ad nauseam) I am fully aware that in some markets, 90% of the housing inventory is a short sale or REO.  Every time I turn around, I see some other "agent expert" hawking their short sale how-to book or "qualifying" designation.  Unfortunately, short sales are part of the real estate business in 2009; however, we are in unchartered waters as agents and I hope that in 10 years, the real estate industry doesn't look back on this and say, "what were we thinking?".

1.  Does your E&O insurance specifically state that you are covered to engage in a short sale?  I asked my insurance company this and the answer was, "yes"; however, the policy doesn't specifically state "short sale" nor any of the acts normally associated with handling a short sale.  The policy does state that I will not be covered for acts as an agent, "not expressly described herein".

2.  If the sellers currently have a government mortgage and they sell it short, will they be able to get another government loan (including a government backed student loan) unless they pay the difference?  From what I have read with regards to VA loans, the answer is "no".

3.  With some banks, if the property has fallen in value to a point where it is not worth more than a certain amount (say $25,000), they will not foreclose.  Of course, they do not advertise this; however, they will just release the lien on the property.  

4.  We are not just dealing with sales prices here.  We are dealing with the futures of these sellers.  Let's say seller A sells short, is required to liquidate his savings and starts having his wages garnished for the difference 2 months later.  Seller B, same mortgage company, same shortage, doesn't have to liquidate anything and the bank agrees to no deficiency judgment.  Is seller A's agent at fault for not negotiating better with the bank?

5.  How does your licensing board address agents handling short sales?  The licensing board in Virginia doesn't specifically address short sales; however, it is VERY specific about agents performing duties that should only be handled by an attorney.  Is negotiating a short sale with a bank (who is not a party to a standard sales contract), a "ministerial" act for an agent, or something with legal ramifications that should be handled by an attorney?

My husband works for a large bank.  Everyday, they get calls from former sellers complaining that their wages are being garnished, the bank placed a lien on their other property, they lost their job because of their credit (yes that really happened) etc., and that "my agent never told me this would happen", or, "my agent told me the bank could do this, but the bank's so swamped, probably won't".

Sorry, unless a real estate agent has a crystal ball and knows the long term ramifications of a seller doing a short sale, I don't think they should be calling themselves a "short sale expert".  Even the most "experienced" agents working short sales have only been dealing with them for what, 3-4 years tops?  That's not the making of an "expert" in my opinion.

Tina in Virginia

 

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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How Many Brokerage CEO's Can You Name?

Earlier this week, I had an IRL conversation with the lovely Lisa Sanderson (IRL = "In Real Life" for those of you not using Twitter).  While the purpose of the call was a referral I had for the Poconos area, as typical females, we ended up going way outside the subject at hand and on to other things.....

"So, Lisa, how do you like Better Homes and Gardens Real Estate?" I asked.  (As you may or may not know, the Better Homes and Gardens real estate franchise is coming up on it's 1st birthday this August.)  Lisa's response, "I love it and here's why........"

After telling me about the great technology and gushing about the company philosophy, Lisa mention Sherry.  Sherry - as in Sherry Chris, the CEO of BHGRE.  Sherry - as in @BHGRE_Sherry on Twitter.  Sherry - as in a presence at virtually every RE Bar Camp and Real Estate Conference this year.  sherry chris

If you are active in social networking in real estate, you probably know Sherry.  She probably follows you on Twitter, Facebook, LinkedIn, ActiveRain, etc.  If you have attended real estate conferences, you have probably seen her mingling at the after-party.  She isn't loud, she isn't boisterous.....she's just....a presence.  She is also the only large-brokerage CEO I can name (besides the one at the company where I work).

In just one year, Sherry has been able to put BHGRE on the map in part through networking and engaging with agents throughout the country.  Rather than sit back in a plump leather chair in a big corporate office, she is out networking, mingling and getting to know the agents, the "worker bees".

So, while the other large-brokerage CEO's are sitting at their desks trying to figure out how to make the indians work harder for less of a split so the chiefs can keep their jobs, Sherry Chris is out meeting their agents and engaging with them.  Who do you think is doing a better job of connecting with the agents?

Here's a little quiz, besides your own company, how many brokerage CEO's can you name?

Tina in Virginia

 

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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My Christmas Gift for Me Me Me Me!

I have to admit, I'm not a big fan of meme's.  For some reason, they just remind me of email chain letters (the kind that tell me I'll get a winning lottery ticket if I forward the letter to 10 of my friends).

However, this one was different.  It was sent to me by my new Bucks County friend, Anne Marie Malfi.  It was so warm and heartfelt, I read through it 3 times.  You can read the post here.

Here are the rules for this meme:

"The Christmas MeMe Rules:"
  1. You have to name one gift you would like to have on Christmas.
  2. It has to be an object. We all want happiness for Christmas.
  3. If you could pick one single gift out for yourself-what would it be?
  4. Remember-it has to be something you can touch and hold....
  5. Once you have done this, name five people or more and send this to them for them to name the one special gift they would like to have.


So, what is the one gift I would like to have for Christmas?  This is a tough one, my husband and I have made a pact to not purchase gifts for each other this year.  We want this Christmas to be about family, not "stuff".  Because of this, I really haven't thought much about what I would like to have.  I wrote a post yesterday about my Technology wishlist for 2009 - but not sure if one of those would take the cake for this purpose.

Something I can touch and hold?  It has to be an object and it has to be for me?  Hmmmmmmmmmm.......

I'd love to give my father his 1968 Malibu Convertible back.  He LOVED that car and after he sold it in 1975, used to take my brother and I by to visit it.  The man he sold it to still owns it (this is a picture I snapped back in October of the car) but doesn't want to sell it.

I'd love to give my son a visit to the White House.  He is 5 and talks about it all the time.  I sent in a request through my Congresswoman, Thelma Drake, back white housein July to get a tour (for this December).  Unfortunately, Congresswoman Drake's office never confirmed our tour and then shut their offices down last week (she was not re-elected).  So even though she is still my Congresswoman until January 20th, she refuses to help.

I'd love to give my husband job security.  He works for a large bank that has had quite a few cutbacks and closed offices.  Seems the employees are always on edge about their jobs being eliminated.  The uncertainty can be very stressful - especially for someone who just quit smoking (I am so proud of him for that).

But this needs to be for me; not for someone else.  Hmmmmmmmmmmm........

Home officeI would like a mac-daddy home office.  The one I have now is pretty pathetic.  Nothing matches.  It's not very organized.  It's uncomfortable.  It's also shared with my son's toys.  That's what I want.  To wake up Christmas morning to an organized, beautifully decorated home office with a cherry desk and bookshelves, equipment that always works in synch, a big comfy leather chair, a filing cabinet that is already filed............that would be perfect!

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So, whom shalll I "bless" with the task of sharing their Christmas/Holiday Wish?

1.  Heather Elias

Heather and I were finally able to meet in person at the VAR Convention in October.  She is a down-to-earth, fun person and a fantastic blogger!  Take a look at her blog:  LoCoMusings.

2.  Jeremy Hart

Jeremy is a very technologically savvy agent in Blacksburg, VA.  Jeremy and I share a passion for all things Virginia Tech and orange and maroon.  Jeremy has recently started a recycling effort in Christiansburg, VA and writes a great blog:  NRVLiving.

3. Jennifer Keltner

Jennifer and I have been working together for about a year now and just recently formed a partnership.  Her hard work and enthusiasm have given me a much needed jump-start and I love working with her!  Jennifer authors the blog for our Military Relocation Team.

4.  Sarah Cox

What can I say?  Sarah can do anything and will help with anything even without being asked!  I adore her like a sister and she even babysits my son!  Sarah also sells Avon and has great taste.  Read her blog here.  She has some great deals and free shipping on Avon products!

5.  Justin Williams

Justin is a wealth of technology knowledge. and is always willing to share and brainstorm.  I am so glad he has become a part of our office!  Justin is also now authoring a blog everyone seems to be talking about:  Social Media Vision - be sure to check it out and subscribe!

 

Tina in Virginia

 

 

 

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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Thankfulness Needs to Come from the Soul

ImageChef.com

Last year, my husband, son and I went to India to live for 3 1/2 months while my husband took a temporary assignment for his company.  We left the United States the day after Thanksgiving.  Yes, I was somehow able to work remotely from India - that's a whole other story.india

To say I was in for an awakening is an understatement.  The experience completely changed my life and how I live on a daily basis.  I had no idea how ignorant I was about the daily struggles to survive that many people in this world go through.

The basic necessity in life....water.  There was not a public water system where we lived; the 5th largest city in the country.  Water was trucked in each day and pumped into our building.  This water was not clean enough to drink nor cook with, we had to use bottled water for that.  But, we lived like kings.  Most people lived in villages where the water truck delivers "sometimes" to one pump and the residents have to fetch their water.  Yes, this is the water they drink and cook with - bathing is done in the river.  In the slums, the water is turned on for just 2 hours per day to deliver water to about a million residents.  There wasn't a sewer system either.

taj mahalFood.  I'll never forget the day my son dropped an apple on the floor and it became bruised.  I threw it away and got him another one.  That afternoon, when the attendant came to empty our trash, he saw the apple, picked it out of the trash and put it back on the kitchen counter for me.  He never would have thrown away a piece of food like that.  We often complained about having to eat the same thing, every day, over and over.  Then it became obvious that food wasn't an "event" to this culture as much as it was a form of sustaining life.

The society of "haves" and "have-nots" = no middle class.  The village you are born into determines your destiny.  My driver apologized profusely one day for missing the previous day at work.  He explained that his mother-in-law had breast cancer and was in the hospital.  When I told him to take the day off and go visit her, he replied, "No, m'am, we don't want to visit for fear we will catch her sickness".  The fact that the doctor allowed this ignorance to go on without correction infuriated me.  Fortunately, I was able to fix that.

The children (those who were lucky enough to be born into a village that was permitted to attend school)bathing were separated into classrooms according to religion.

Shelter.  I remember watching a documentary one evening on TV about a charity organization trying to count the homelepower linesss in the city.  I wondered, how was it even possible to define homelessness since "home" to so many was a tarp-tent or a small cave up in the rock formations.

Our holidays.  It was very hard to not see Christmas as a celebrated holiday.  I got a very small taste of what it must feel like to be in the religious-minority.  To be out shopping a week before Christmas and not see any decorations, no gift-wrapped packages and no Salvation Army bell ringers...it was tough.  I think what I missed the most though was the "feeling" of the holidays.  Do you know what I mean?  When you leave the grocery check out and the cashier says, "Happy Holidays!".  We had our own, small Christmas celebration of course, but the "special time of the year around us" was missing.

So, this year, I am deeply, soulfully thankful for all I have.  Turning on the faucetto see clear, sparkling water is a beautiful sight.  Having delicious, unspoiled food in my kitchen to feed my family and friends is a blessing.  Walking in a front door to a warm home with heat, electricity, 4 walls and a roof to keep us safe...we are so fortunate.

Happy Thanksgiving!

 

Tina in Virginia

 

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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1 commentTina Merritt - Virginia Beach Real Estate • November 26 2008 03:00PM

Virginia Real Estate Blog Brawl - Round 3!!!

The Virginia Real Estate Blog Brawl is moving on to Round #3 and I would greatly appreciate your vote! I have some very well respected competition and am truly honored to be competing with these fellow bloggers! Please visit www.varbuzz.com today and vote!

Description and Features
The 2nd Annual Virginia Real Estate Blog Brawl is moving to the 3rd and semi-final round! Please vote for the Hampton Roads Real Estate - Tina in Virginia Blog by going to:

http://varbuzz.com/virginia-real-estate-blog-brawl-semi-finals-voting-is-open/

Thank you for your support!

Links

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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The Ten Commandments of Commenting - Thou Shalt Not........

Recently, someone felt the need to promote their own site and services on my blog.  At first, I was really angry and tempted to say some not-so-nice things.  Then, those 4 years of Catholic school kicked in, "forgive them Lord for they (OBVIOUSLY) know not what they do".

So, maybe it's time for a refresher on commenting.  Feel free to add your own...there's no rule that we can ONLY have Ten Commandments of Commenting!

1.  Thou Shalt Not Promote Your Site or Services on Someone Else's Blog.  (if your comment is interesting enough, others will click and visit you for more info)

2.  Thou Shalt Not Comment Solely for the Sake of Commenting. (commenting for points is just wrong)

3.  Honor Your Fellow Bloggers. (be polite and courteous, even when disagreeing)

4.  Thou Shalt Not Steal. (read Lenn Harley's blog for any questions regarding this)

5.  Thou Shall Comment and Comment Regularly. (for every blog post you write, comment on at least 10 others)

6.  Thou Shalt Not Comment When Angry, Upset, Drunk or Emotional.

7.  Thou Shalt Not be a Closed-Minded Know-it-All. (do not be condescending and be open to other's ideas and beliefs)

8.  Thou Shalt Not Troll. (make a comment that disrupts the flow of discussion)

9.  Thou Shalt Not be a Coward. (do not post anonymously)

10.  Thou Shalt Not be Longwinded. (be succinct and to the point)

 

Tina in Virginia

 

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realtor technology spotlight awardTina Merritt and the ALL757 Network can be reached at email:  tina@tinamerritt.com or 757-287-6338.

The ALL757 Network consists of both buyer and listing specialists helping buyers and sellers in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia.

 

 

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