Realtors: After 2 Saturdays of showings, buyer tells me they already have a contract on a house (plus an agent!) but still want to find something better. I'm scared and angry. |
- After 2 Saturdays of showings, buyer tells me they already have a contract on a house (plus an agent!) but still want to find something better. I'm scared and angry.
- Easement
- Realtor doing shady things for clients. Is this legal or normal?
- Commission split between team members
- Connecticut real estate
- Looking to join a team
- VA loan and lead-based paint
- Huh... i Guess the car does make a difference. Or does it?
- Start Up costs
- Had an ethics argument with a seasoned agent. Am I wrong?
- Am I allowed to share a YT video showcasing a new virtual tour technology for real estate agents?
- Best way to apply at a brokerage?
- Showing feedback
| Posted: 17 Oct 2020 07:14 PM PDT Buyers were sent to me via a lead service last Friday (almost 10 days ago), because of interest in a home in my area. I asked my first 2 questions: Are you currently working with another agent? (No) and are you pre-approved for financing? (Yes). Buyer said they had "a few" homes they were interested in, then proceeded to text me 12 different listings, all over the damn place. I talked with them at length, narrowed the list considerably, then spent several hours with them last Saturday. They were very interested in one home, which already had 2 offers on the table, so I told them to jump if they wanted it. They wanted to wait until the next day, so of course, home was already under contract. I explained again how hot our market is, low inventory, multiple offers above list price, etc etc. Buyers FLOOD me with potential homes all this week. I send them detailed info via text/email to narrow down the list again, then have a long phone call where I explain that some homes are already under contract, and many properties are HOURS away from me, and I simply can't show them that many houses in that wide of an area. They say they'll just check out those properties "on their own" (this should've been a huge red flag, but I digress...) I meet up with Buyers this afternoon for more showings. They don't like the properties for one reason or another, and ask to see Property X again. Well, like I told you, it's already under contract and not available to show. Buyer insists, so I text the listing agent and ask if they're taking any backup offers. Listing agent says owners aren't interested in any more showings. I repeat this back to my insistent buyers, who eventually drop the bomb that THEY THEMSELVES ARE THE BUYERS OF PROPERTY X. I'm fucking floored. After much back and forth, I'm able to confirm that my "clients" already have a contract on this house (sight unseen!) but they want to back out of it and they want me to submit an offer on a different house in a different area. I called and texted the original agent, and I'm still waiting to hear back. I'm so done with this disaster. [link] [comments] |
| Posted: 18 Oct 2020 02:34 AM PDT I am working with someone interested in a land locked vacant property. I believe I found the single heir to the neighboring lot that a dirt road cuts through to access this one. Has anyone had a real estate attorney go ahead and write to a letter requesting a formal easement before going under contract? So we at least know they are willing. This lot isn't going anywhere so no urgency to be under contract. Just curious, thanks all. [link] [comments] |
| Realtor doing shady things for clients. Is this legal or normal? Posted: 17 Oct 2020 01:24 PM PDT My boyfriend's roommate is a real estate agent. Her client niche is first time Hispanic home buyers--most of which have a very small down payment saved, bad credit, and multiple high monthly car payments already. I feel like she is taking advantage of them for $. She is doing some shady stuff like:
Is this stuff common in the business? I am currently studying to become an agent myself. It does not make me comfortable to put people in a difficult financial situation just so I can make a commission. I hope this is not what I am getting into... [link] [comments] |
| Commission split between team members Posted: 17 Oct 2020 09:29 PM PDT I'm about to be a new realtor and will be teaming up with a family member who has been in the business for 25 years...how do you determine how the commissions are split? [link] [comments] |
| Posted: 18 Oct 2020 08:30 AM PDT Anyone familiar with Connecticut real-estate? I 'm moving to CT and I plan to live there for at least one-two years. Instead of spending on rent, I want to move in to a home (300k ish range and want to move to a comparatively new built (after 2012)) and eventually be able to rent it out when I move to a different state. Which areas are the best to invest in terms of rental and growth of real estate value? Pros and cons? [link] [comments] |
| Posted: 18 Oct 2020 07:48 AM PDT Hello fellow realtors, I am a new agent in Ontario and looking to join a team in Waterloo Region/Brant County or Wellington County. is it possible to find teams that are looking to get someone on-board, i have worked mostly on buyers side and come with some basic background knowledge of real estate apart from OREA exams. Please reach out with your questions/suggestions for me. Be Gentle with your words please. [link] [comments] |
| Posted: 17 Oct 2020 09:04 PM PDT I'm looking for actual experiences with a VA loan (USAA) and lead-based paint. I live in a big city where a) VA loans are super uncommon and b) old houses are super common. My 1912-built listing has two offers, and one is from a VA buyer. The house was redone in vinyl siding some years back but the exterior wood window trim remains. The sellers have a lead test verifying that the window trim has some lead in it, and they have disclosed this. Some of the windows have been recently repainted and well encapsulated, but some have not and have visibly peeling paint. The inside of the house has a lot of cool original features and does not have any verified lead presence, but it's old so who knows. It's the usual "no knowledge of". If we go with the VA offer what is likely to be the response from the lender on the paint? This may strongly influence my sellers' decision. Thank you so much! [link] [comments] |
| Huh... i Guess the car does make a difference. Or does it? Posted: 17 Oct 2020 08:38 PM PDT Hi guys so I've posted before when i was inexperienced and newer, went through hell to learn about the business and ended up selling a few homes. Bought myself something nice, and well to make a long story short i ended up getting 2 more deals after this. The car does make a difference! Or does it? What do you think? Does it really make a difference what you drive? https://imgur.com/a/l9DmOYp [link] [comments] |
| Posted: 17 Oct 2020 08:12 PM PDT i've recently been licensed in the state of michigan and i still have to choose a brokerage. I know there are start up costs like desk fees, NAR dues, MLS fees, etc.... but how much money does it cost to get your business running for say maybe 3-6 months? i'm wondering if i should work more before i hang my license or just get started ASAP. I also know every broker has different fees and all states are different but any rough estimate would be ok! thanks [link] [comments] |
| Had an ethics argument with a seasoned agent. Am I wrong? Posted: 17 Oct 2020 02:04 PM PDT I'm a newer agent, started 2 months ago and unfortunately I just had some clients put an offer on a home, got a counter offer and then walked away due to uncertainty with taxes. Also it being on the very edge of their price range. The situation: The biggest reasoning most likely for why they walked away would be because this home currently had disability discount on the property taxes, and after hours and hours discussing with the county what the taxes might be on this property next year we couldn't get a concrete number. Using their actual calculator and one other listing we found the taxes should've been between $4800-$5200. However, when comparing it to other homes in the neighborhood at that price it should've been more like $3800-$4200. Big difference, and I advised my client to "expect" around that $4900 figure, and if it's lower awesome. This of course pushed up their monthly payments by around $90/mo so of course they walked away. The argument from the seasoned agent from another brokerage: Told me it's not my job to figure out taxes and insurance etc. That's the mortgage brokers job to compute numbers, and I potentially lost a client because I was including all costs. Even though I knew this property had wonky numbers the mortgage guy didn't include because of disability (+50% in discounts). I believe his argument is extremely unethical, and I should always be looking out for my clients even if it's financial things I'm not necessarily "qualified" for. [link] [comments] |
| Am I allowed to share a YT video showcasing a new virtual tour technology for real estate agents? Posted: 18 Oct 2020 02:48 AM PDT Hi. I just created a YouTube video showcasing a new virtual tour technology that includes a Zoom like video call feature and I am of the understanding that this is the first of its kind, the combination of these two technologies (may be wrong). I was hoping to get some opinions on what you guys actually think in terms of the usefulness of the software or whether you think that it is not on par at all with the technology of Matterport for example. However Matterport is super expensive where this technology is very inexpensive in comparison. It also provides the opportunity to sell 360 virtual tours to clients and can be white labelled and branded with your business logo etc. Team collaboration is also a possibility. So I really wanted to share the video and ask for your opinion on the software, however the problem is that I do have affiliate links in my YouTube video description though and for that reason not sure if I am allowed to post it here. I want to do the right thing and do not want to violate any policies. Am I allowed to submit my YouTube review video on the software here in order for you to provide feedback on whether you think this software is good enough in terms of quality and functionality? Many thanks! Much appreciated! Ps. And if I am allowed to post it here, what section should I post it under? News or maybe discussion? [link] [comments] |
| Best way to apply at a brokerage? Posted: 17 Oct 2020 07:56 PM PDT Just finished my final course here in MN. I'm excited to get started. Simple question for you guys - Do you wait until openings are posted on traditional job sites like indeed or linked in before applying with a brokerage? Or do you call up the brokerages you're interested and ask for an interview? I haven't seen many postings for real estate agents in the area and I'm wondering if it isn't the most common way to join a brokerage. Lastly, with the nature of the interview moving more towards the agent "interviewing" the brokerage, does the interview format follow a more informal vibe or does it follow a similar question pattern to a traditional job interview? Thanks in advance gang. I'm newer around here but I've learned a lot from y'all already. [link] [comments] |
| Posted: 17 Oct 2020 01:50 PM PDT New agent here. What kind of feedback is expected after I take a client on a showing? [link] [comments] |
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