Think about it. How many times a week do you find yourself either directly involved or assisting others with resolving issues due to ineffective communication? Usually these issues occur for one of three reasons:1) Lack of communication
2 Ineffective listening, or
3) Misinterpretation of the message

One of the consistent contributors to under-performing operations is ineffective communication. To that end, we interviewed broker/owners and financial executives to identify the best practices of effective communication. We’ll share those results over the next several months in this column.

According to our sample group, communication can only be considered effective when the speaker or writer is certain that the recipient has interpreted the message in its proper context, and can demonstrate an understanding that matches the intent of the deliverer.

Don’t Take it Personally
Mark Stark, CEO of Prudential Americana in Las Vegas, advises, “Don’t assume that you have communicated your message in its intended form.” Your message may be very clear to you, but the listener could hear something completely different. The listener will put influences on what is heard based on prior experiences and interpret the message accordingly.

We have all been guilty of taking someone’s communication personally. Instead of listening to the remainder of the message, your mind is already formulating the response. You have become “offended” by the message and will tend to respond in a defensive way, which causes a breakdown in communication. As Stark describes it, when you develop the ability to be “unoffendable” you can hear better.

Know Your Audience
When reaching out to partners, Brad Dimmig, vice president and senior relationship manager of Chase Home Mortgage National Joint Venture Sales group, feels that it is of the utmost importance to know with whom you are communicating and what is important to them. If you know your audience, you can craft the message accordingly so that you have the best possible chance of delivering your intended message.

When Ken Harthausen, managing director of strategic business alliances for Countrywide, is delivering a message to a large group, he will strive to speak in terms that the audience will understand. To best compensate for the broad range of listening styles, Harthausen will do his best to deliver each important message in several different ways, in the hope of reaching as many listeners as possible. When dealing with a large audience, you must drill it home in several different ways so that your audience can grasp the message in their own individual way.

There is no better evidence of this than in a real estate transaction. Realtors have the tendency to use phrases, acronyms or words which are common in the real estate industry but not so to the everyday buyer or seller. We as agents need to be better at communicating what it is that we are trying to say and making sure that buyers and sellers completely understand  it. This also relates to buyers and sellers, effectively communicating what is you likes or dislike in a home helps the buying process. Sellers need to make sure they communicate any and all issues or concerns about their home to the agent. A well informed agent is able help negotiate a transaction making the process much smoother.

By Jeff Mandel and Steve Hamner

RISMEDIA, May 2, 2007 (modified to address topic)

(PRWEB) With the future of the subprime mortgage business up in the air, many borrowers with bad credit find themselves with fewer home loan options. MortgageCreditProblems.com, a primary source of mortgage lending information and bad credit mortgage loans for people with poor credit, has the tools and resources needed to efficiently shop for a new home loan or mortgage refinance (http://www.MortgageCreditProblems.com).

Though many analysts believe the troubles in the subprime lending industry will ultimately lead to a healthier U.S. housing market, the fact remains that bad credit borrowers will have to search more vigorously to find a home loan that suits their needs. MortgageCreditProblems.com (http://www.MortgageCreditProblems.com) provides answers to homeowners looking for refinance advice and prospective homeowners in search of a home loan. With an online lender search tool, the site helps these borrowers find a subprime lender willing to work with them.

With real estate markets across the country stabilizing and prices falling in some areas, homeowners experiencing money troubles are finding themselves in a bind. “It goes back to home price appreciation,” says senior analyst Richard Eckert of Roth Capital Partners. “Earlier in the decade, a troubled borrower could refinance themselves out of trouble so long as the value of the home went up. But now interest rates are rising and home values have leveled off. So these borrowers just don’t have that piggy bank anymore.” While just six months ago subprime mortgage lenders may have enthusiastically competed over the same piece of business, now those with bad credit will find that they have to do the legwork to find a lender.

Though the future of subprime lending may still be a little hazy, one thing is certain: lenders will be tightening their standards. The National Association of Realtors recently appeared before Congress and appealed for FHA reform in order to aid subprime borrowers. In a letter sent to HUD from NAR President Pat Vredevoogd Combs, the FHA was asked to waive its requirement that a homeowner’s mortgage be current in order to refinance into an FHA loan product, a request with the potential for providing much needed help to subprime borrowers.