Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites) |
- r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)
- Realtor rules when buying their own house
- Stubborn (Cheap?) Buyers in a Sellers market
- How to keep track of calls I’ve made in my farm area?
- Representing both sides of transactions when there are multiple offers
- Last minute cancellation
- Panicking during a multiple offer scenario
- Appraisal Question for Arizona
- Appraisal in Arizona Question
- How to contact listing agents about hosting an open house?
- What do y'all like and dislike the most about being a realtor?
- Where do clients with young kids and large pets usually go during an open house or a showing?
- Sellers agent, ethics question
| Posted: 23 Sep 2020 05:00 AM PDT Please use this thread to discuss the three most common topics in r/realtors.
Remember it is not permitted to promote your own brand, service, or company by any means, but you may comment on other services you've used; good or bad. Join our community discord for live chat and more: https://discord.gg/bsmc2UD Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments] |
| Realtor rules when buying their own house Posted: 23 Sep 2020 09:31 AM PDT A realtor is interested in buying my dad's house. He thinks she is low balling him, but she says as a realtor she is required to look out for his interests. I don't think that is true as she is trying to buy a house for herself personally, and is not acting as my dad's realtor to sell his house. Also she said that she is retiring in a few months, so I don't think she cares about reputation any more. [link] [comments] |
| Stubborn (Cheap?) Buyers in a Sellers market Posted: 22 Sep 2020 11:52 PM PDT I'm a newer agent (<1 year under my belt) and most of my business is with buyers right now. I'm sure my market is similar to others across the country - inventory is very very low and sellers are seeing multiple offers on virtually everything. On my latest transaction, my client needed to waive the appraisal contingency and offer cash, 5% over asking, on a property he didn't even see in person until a couple days after we got it under contract. Oh yeah, we sent to offer in within 180 minutes of the home being on the market and got it accepted that night. The listing agent told me that if they had waited until the next morning to answer our offer, they would have gone with one of the many higher offers they received the next day. This seems to be the case all over in my area, other agents in my office are getting upwards of 20 offers in the first 12 hours of being in the market, and many offers are coming in with escalation clauses capping at 30-40k over asking price (these on homes in the 550-700k range). With all the seemingly obvious competition, I have a client (married couple) who just doesn't seem to get the memo. They have three months to move into a place, (I've been working with them for the last two months) and we see about 3-5 homes a week. I've gotten them to offer on two homes that they've absolutely loved - but they refused to offer anything remotely serious because they "want a deal" or the "house just isn't quite perfect". They seem to be in total denial of the fact that they have almost no leverage against the seller when there's multiple offers, and to be completely honest it's a little embarrassing for me to tell the seller "No, it's not a typo. That's my client's offer". I feel obligated to stick with these clients because they are family friends; I think they're great people, I've just never seen this cheap side of them before. Let me draw from the wisdom of Reddit and your experiences with similar situations about what kind conversation/action you'd take and how it ended up for you. Like I said, I'm a new agent and I've never known the pre-virus days of real estate, so I've got an open mind to anything and everything. [link] [comments] |
| How to keep track of calls I’ve made in my farm area? Posted: 23 Sep 2020 09:11 AM PDT Hey guys so if I am doing 100 cold calls to people in my farm area, how do I keep track of who I have already called so I don't call them again? [link] [comments] |
| Representing both sides of transactions when there are multiple offers Posted: 23 Sep 2020 08:45 AM PDT For the sake of argument, you are morally okay with representing both parties in a transaction and your state allows you to do so. If I'm in a hot market and have a listing with multiple offers, how do I go about writing up an offer for a buyer? My knee jerk reaction is to say it would be "cheating" to look at all of the other offers and structure accordingly. What is my obligation here as a broker that wants to do right by my clients and maintain good moral standing? [link] [comments] |
| Posted: 23 Sep 2020 08:45 AM PDT So I spoke with a broker last wk on the phone, and the interview went well, it ended with me asking to come by and see the office. He said absolutely, set up a time and sent me a google cal evite, then the morning I'm supposed to meet him, he emails me saying "a personal issue came up and I need to cancel". No apology, and also no "let's reschedule". I emailed back thanking him for letting me know and I'd love to reschedule if he's still interested in having me come by. No response. I don't plan to reach out again, it just feels like maybe it's not the right fit for me. I have 3 other brokers lined up for interviews, so I'm hoping I vibe with them better. Thoughts? Did I dodge a bullet or am I overthinking his rude email? [link] [comments] |
| Panicking during a multiple offer scenario Posted: 22 Sep 2020 07:48 PM PDT I'm representing my seller. Received a bully offer, open til 1159pm. Went to present it and was gonna accept it (minus a couple changes regarding condition dates), but received another offer last minute at 940pm. Told other agent that there was an offer and if he wanted to change it. He didn't. But then last minute he did change it. My seller decided to accept since we were sort of on the spot but other agent didn't know there was multiples. Seller wanted the offer with the better terms and pre approval letter and basically wanted to see if we could get them to go up a bit. Did I do something wrong here? Am I obligated to tell the other realtor of the second offer? AFAIK, I was just trying to get the best terms and conditions for my seller. [link] [comments] |
| Appraisal Question for Arizona Posted: 22 Sep 2020 09:27 PM PDT I'm a Realtor in San Diego so I'm familiar with the process of appraisals here but I have a question about appraisals in Arizona, specifically Gilbert, AZ. My girlfriend is refinancing her home and we got the appraisal back and all they did was simply multiply the purchased home price times the average home price increase in the same zip code over the duration of her ownership and they called it a day. It seems to be off quite a bit because there are some parts of the city that have not improved as markedly as her area. This means of appraisal seems very lazy if not something worse. Can someone let me know if this is standard for AZ. I've never seen this in Southern CA. Thanks! [link] [comments] |
| Posted: 22 Sep 2020 09:25 PM PDT I'm a Realtor in San Diego so I'm familiar with the process of appraisals here but I have a question about appraisals in Arizona, specifically Gilbert, AZ. My girlfriend is refinancing her home and we got the appraisal back and all they did was simply multiply the purchased home price times the average home price increase in the same zip code over the duration of her ownership and they called it a day. It seems to be off quite a bit because there are some parts of the city that have not improved as markedly as her area. This means of appraisal seems very lazy if not something worse. Can someone let me know if this is standard for AZ. I've never seen this in Southern CA. Thanks! [link] [comments] |
| How to contact listing agents about hosting an open house? Posted: 22 Sep 2020 07:33 PM PDT Do you send out many emails at once to different properties, or wait for a listing agent to respond before moving onto another home? And any other tips regarding open houses or how to contact listing agents about open houses is MUCH appreciated!! [link] [comments] |
| What do y'all like and dislike the most about being a realtor? Posted: 22 Sep 2020 02:36 PM PDT |
| Where do clients with young kids and large pets usually go during an open house or a showing? Posted: 22 Sep 2020 05:46 PM PDT I hope this is the right sub for this question, but the pandemic situation is complicating the issue. Any feedback is more than appreciated. [link] [comments] |
| Sellers agent, ethics question Posted: 22 Sep 2020 02:07 PM PDT My fiance and I are first-time home buyers under contract on a home with a detached garage. Inspection revealed that the garage was in very bad shape and both the inspector and a contractor said it should be demoed. There was no mention of structural issues in the sellers disclosure. When our buying agent mentioned this to the sellers agent, he said that he had not listed the garage on the mls listing. However, the garage is mentioned in the disclosure in reference to termite activity and remediation. As well as being physically on the property of course. This plus some other discrepancies in the disclosure regarding structural and electrical issues discovered by the inspection have us feeling like the selling agent is not being forthright. Our selling agent said she had never seen anyone do something like this with garage before. Is this type of thing normal? Edit Oh and just for clarification, the sellers agent knows there is a garage. During the inspection, he came by to help open a cabinet in the kitchen (weird child lock) and saw that we were looking in the garage and said something along the lines of "oh yeah, the door opens (it does not) and that his power washer was in there. [link] [comments] |
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