Some even go as far as putting together virtual tours of properties so that you can get a real sense of things. The only time you actually need to call a real estate agent is if you want to get inside the house without breaking in! Do you see my point here? Every real estate agent has a mortgage broker that they work with. For example, on a deal I recently looked at, the sellers agent made me get prequalified with their mortgage broker to even consider presenting our offer to their client.
It felt extremely dirty — and the sleezy mortgage broker just put us on his list and hounded us for months until we finally got out number removed. Some of it they do.
Actually, there is a new trend in the real estate transaction game: real estate transaction coordinators. Shoot, the transaction coordinator basically tells the real estate agent when they have to do something at this point — open the house up for an inspector or appraiser, or get the buyer or seller to sign a paper. The real estate agent typically has no clue about the details.
Talking to my parents, they were telling me it used to be the agent who did all the paperwork and ensured that everything was complete from start to finish — not a third-party. Well, if you look at our list, it appears that buyer agents simply show you houses and give you the appropriate documents for the purchase. As for getting the appropriate documents — some people still do sell their homes themselves. Since most documents for a home sale are standardized, you could buy or sell a house without using a real estate agent. As for selling a home, a real estate agent typically is a marketing guy.
A few times a year, this post comes up in circles of real estate agents and it always strikes a cord. Some agents are happy about this post in the minority , because they understand the modern day client, the way things are progressing with technology, and realize they need to step up their game to provide value to the transaction. What I think it really comes down to is justification of value.
I think as someone using an agent for both sides of the transaction, you need to assess the value you receive, and ensure that the compensation reflects that. I fully realize that the agent has fees involved, especially the selling agent. All that means is that agents need to bring value more than ever.
If they want to earn their commission, they have to do more than add their clients to the MLS, send them automatic updates, and go to a showing. What do you think? End rant. Robert Farrington is America's Millennial Money Expert, and the founder of The College Investor , a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him here. One of his favorite tools is Personal Capital , which enables him to manage his finances in just minutes each month.
Best of all - it's free! He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a mix of properties through Fundrise. Worth a look if you're looking for a low dollar way to invest in real estate. Sadly I have never met a good realtor. I ended up putting the ads myself and sold in 3 months for a better price. Key is Marketing aggressively , Pricing the home for your particular market is key, I do not agree with sellers IF they are asking for a Dream Price rather than a realistic price, I have turned a few down in my career due to seller overpricing and so happy I did, they sat…..
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There are sales associates and there are Realtors, I am a Realtor ….. I am a licensed Realtor. Those who are is the reason for this article. Infuriates me because so many have the same complaint about realtors while. I look and SHOW properties to buyers and I actually help sellers not talk up a pretty story and disappear.
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I am different. First she told us to decline an almost full price offer because of bad financing, only to find out they were preapproved. Then she brought us an offer 25k below asking and when we asked to counter she advised against it. Then, unfortunately my husband lost his job and we could not afford to move.
We asked her to remove listing and this is where it went to hell. First she requested us to sign a contract to use her whenever we decide to sell again bonding for life contract I call it.
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We told her no. Thank we asked her to raise the price of the house due to renovations we did new deck, new driveway, new appliances, ect and because the market value of the house was way higher than she listed it for. After months of not hearing back after repeatedly asking for it to be changed, she is now threatening to sue us because we stopped showing the house. If we were to sell our house now at price she wants to sell it at not the price we want to sell it at , we will be homeless with 4 kids.
We are stuck.
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And we will never trust another agent again. What state are you in? Let her try and sue you. Realtors do not own you, and I am a realtor.
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Before I became one, my wife fired one of the top agents in our state because her communication was awful! If you are not happy with her you have every right to not use her, contract or not! It costs money to sue people so I doubt she is going to sue you. File a complaint with her boss or local realtor association.
Sometimes a lower offer for less money with a highly qualified buyer is better than a full price offer with a questionable buyer. Sold two homes simultaneously, one using a broker agent one on my own. The difference in the transaction was night and day we had so many Hang-Ups with the listing of the house that had the agent. Never again will I use a realtor.
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I will also recommend anyone I contact to never use an agent as well. When doing it on your own did you us a lawyer? Man, when I sold my first home I fired two agents and the hired redfin. Even with redfin I was doing the work for both the buying and selling agents. All they did was collect the fees.
Really, I sold the home and did all networking and showings. Agents really have no place in real estate anymore because technology has removed their lazy butts from the equation. I agree. As a result nobody is buying and homes are sitting for days or more.
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