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    Sunday, April 25, 2021

    Realtors: How to tell a client that you are not the representative for them?

    Realtors: How to tell a client that you are not the representative for them?


    How to tell a client that you are not the representative for them?

    Posted: 25 Apr 2021 08:45 AM PDT

    I have a client who has been a struggle to work with. He calls me 10 times in a row, sends me various emails that say "waiting to hear back", "still waiting", "please call me", and never leaves a voicemail. These calls and emails all come in the span of 10-20 minutes. He's cancelled every appointment we've had booked too, so it's been impossible to even narrow down a house for him. And the cancelled appointments have cost me a lot of time which we don't have in this type of market.

    I am not doing anything differently than I usually do. I am providing the exact same service I always do. He is literally causing me so much stress and anxiety and I feel like no matter what I do they'll never be happy.

    How do I tell them that as much as I want to find them a house, I don't think our client/realtor relationship is going to work out? Is it bad to say this is how I conduct business, and it clearly isn't working?

    submitted by /u/andthekid3
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    Lockbox roulette

    Posted: 25 Apr 2021 10:26 AM PDT

    Sellers that have to sell current to close on new but want to do work on the new before moving

    Posted: 25 Apr 2021 08:27 AM PDT

    Hi,

    Title kind of explains the situation I'm wondering about. I have sellers that want to buy a house they just cant close on it until their current house is sold, completely normal situation. The difference here is that the house they want to buy needs some substantial work before moving in, hardwood refinished, carpet pulled, and they'd like to do some other stuff but I would consider those unnecessary before moving in.

    Anyone have experience with a situation like this? What are there options other than a short term rental? Are there any?

    Thanks

    submitted by /u/m3deman
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    Commission split too aggressive?

    Posted: 25 Apr 2021 09:41 AM PDT

    I'm at KW and I'm on a 44/56 split until I have completed 4 transactions and then I'm on a 64/36 split and cap at 21,000. if I use something like opcity for referrals for my first transactions another 35 goes to opcity and I would be a 9/91 which probably won't even cover any listing related costs for a seller or per transaction admin fees and e&o fees, as well as desk fees.

    On such a small split 44/56 I feel I'm being squeezed as a new agent.

    submitted by /u/16378291
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    Have you noticed any unusual buying trends in the past few years?

    Posted: 25 Apr 2021 11:10 AM PDT

    Namely, how many in-town properties have been purchased and converted to rental properties? What kind of properties are being sold (suburban vs urban vs rural), and what kind of features buyers are seeking out?

    submitted by /u/2022FAMINE
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    Buyer Using Listing Agent

    Posted: 25 Apr 2021 04:45 AM PDT

    So we just got back from a private showing of a lake house. I had been chatting with the listing agent for a dew days prior and scheduled a time for us to take a look at house (without an agent). We fall in the love with the place and offer a full-cash offer on the spot, no contingencies/inspections (not the smartest), and flexible closing. We are potentially the strongest buyer that could receive, imo.

    The listing agent takes this information back to the 80 year-old sellers who decide they want to end up listing the house and hold an open house next weekend. The agent communicates this to me and tells me that we (through using her) can submit our strong formal offer next week.

    Won't listing it and welcoming more buyers (and their agents) require the sellers to pay more in commissions? What is their strategy behind this?

    The listing agent doesn't want us to bring our own agent into the picture and use her to submit our offer. I know this can be done, but I am not positive she would be acting in our best interest (she is family friends with the sellers). She basically has seen our hand of cards now so I am not sure how our negotiation position looks. If we bring an agent will this backfire on us somehow if the listing agent finds out?

    Ideally I would submit an offer with an escalation clause because we really want this house.

    Does anyone have any recommended plans to take?

    *Update - talked to my own realtor and are going to submit a formal offer tonight; through him. Hopefully can get this under contract before they list it on Tuesday.

    submitted by /u/SomeYoungGuy2020
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    Property Listing

    Posted: 25 Apr 2021 09:08 AM PDT

    This might not be the correct place to post this so if not I apologize.

    I was looking for houses in my area and I came across a new neighborhood that was listing new construction single family homes as condos. Upon further investigation it looks like the homeowners would not own the land the house would be built on, they would just own the house.

    If this is true that they would not own the land the house was built on, I have two questions.

    1. As a potential homeowner, why would you be interested in this option other than the fact it is new construction (very rare in my area)

    2. I guess I am not understanding the business model. What benefits is the company receiving by owning the land?

    here is the link

    Thank you!!

    submitted by /u/PENGUIN_ISLE_LOVER
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    What relatively inexpensive upgrades can I make to increase home value?

    Posted: 25 Apr 2021 04:41 AM PDT

    I want to sell my condo soon and have made several upgrades to it such as installed recessed lighting in the ceiling in the living room and bedrooms, redid bathrooms, installed smart light dimmers and a smart thermostat, installed a EV car charger station in garage, I installed stone on the entire face and sides of the fireplace wall, replaced the garage opener, new custom made kitchen cabinets, etc. I've heard things like installing a new front door can help etc.

    submitted by /u/lilybeanzz
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    Buying a home for ourselves. Highest and best soon

    Posted: 24 Apr 2021 11:48 PM PDT

    New agent here. But we are looking for ourselves and are up against a "highest and best" due in a few days. Y'all think it's wise to offer our full price with the listed buyer's commission, or to discount that amount and move my commission to zero? Hopefully the listing agent understands it's the same to the sellers, mostly. But I don't know what seems more appealing, fragrant. Of course, we would prefer avoiding the taxes etc

    I already have my broker's approval to go to zero since it will be my primary residence. We are really excited about this home and know we are overpaying, but we see ourselves raising a family here for the next twenty years or so. Rare opportunity to snag a unique home/property in a highly desirable community.

    Any thoughts/strategies? Just trying to put together the most effective bid here

    submitted by /u/wtfisthisabout222
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    Do we have any Mississippi brokers/agents that could answer a few state specific questions for me?

    Posted: 24 Apr 2021 11:07 PM PDT

    I'm trying to complete my application to take my exam. How am I suppose to get a recommendation letter from a broker before I even have a license?

    submitted by /u/QnNellie_Bly
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    What kinds of options if buyer found the home and wants an agent just for the transaction. Seller offering 2.5% to buyer agent. What’s the typical rebate from agent I can ask for- ie 2%?

    Posted: 25 Apr 2021 08:08 AM PDT

    1. Can I ask for lower price - ie 2.5% if use listing agent?
    2. What kind of flat fee buyers agents are there and how much they charge if I can get lower price ?
    3. Not ideal but Can i just get a lawyer for the transaction?
    submitted by /u/samsam2019
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    I am a Realtor licensed in California. Can I represent a local Buyer and earn a commission in a transaction occurring in the state of Florida?

    Posted: 25 Apr 2021 01:14 AM PDT

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