Realtors: Interviewing Realtors. What to Ask? |
- Interviewing Realtors. What to Ask?
- Home inspector scaring my client - second time he’s done this!
- Escalation Clause Perception
- What are you telling your buyer clients to keep them encouraged right now?
- Is it possible to work for Escrow while having a license hanging with a brokerage?
- Are realtors really on call 24/7?
- What are your predictions?
- Unpopular opinion: The only realtors that are being threatened by Zillow’s “tech takeover”. Are the ones who don’t provide any value/lazy and/or churn and burn their clients.
- What would you do?
- Getting an offer before the house it listed?
- Historic house been on market for 2 years.
- “Woosah”/patience techniques when you have difficult client’s
- Redfin Agent: Worth?
- “Rent Back” to sellers
- Vortex
- Tired of other agents doing the bare minimum
- Is this unethical/illegal?
- Education/School selection in Families Relocating
- Do brokers give you a break in commission if purchasing your primary home? Do any of the main ones offer this perk- Wiechert, KW, etc. any thoughts on buying your home and you being the buying agent?
- What happens to a deal if the open permit that my seller agreed to close is not closable ?
- Is the cheapest MacBook Pro enough?
- Megathread: Insane Real Estate Market
- Drilling for a well during due diligence period
- Preapproval vs conditional approval
| Interviewing Realtors. What to Ask? Posted: 04 Apr 2021 08:59 AM PDT If I want to interview a couple of Realtors to sell my home, what are a few good questions to ask? Is now the opportunity to negotiate their fee ... maybe 4% or 5% commission? Thank you Edit: Thanks for the perspective. This does help; I was not aware of some of the points listed below. [link] [comments] |
| Home inspector scaring my client - second time he’s done this! Posted: 04 Apr 2021 12:12 PM PDT I've been working with my buyer on finding a home for the last several months. We Finally get an accepted offer albeit it's $75k over asking. Inspections are performed and the report comes back with a few minor issues - nothing that can't be handled. Then a week later I get an email from my client saying she spoke with the home inspector and he let her know there may be a certain type of PEX used in the plumbing that is in litigation and she is now worried. I'm not even sure why he brought this up - it was not even in the report. This is the second time this inspector has brought up the PEX piping used in plumbing and the first time he did this my client backed out of the deal. I am so upset that he is doing this again. Is this something an inspector should bring up and if so, shouldn't it be disclosed in his report and not a week later in a phone call? [link] [comments] |
| Posted: 04 Apr 2021 10:06 AM PDT My spouse and I have been looking for a house for about 6 months now and with the market the way it is have lost out on 3 separate offers, 2 being cash buyers which is tough. We are going to see another house this week with an asking price of $550k. We were looking into a curb offer but the buyer is not entertaining those and had already received 3, so we know it's going to get competitive. Trying to manage overpaying/large appraisal gap, but wanted to get everyone's thoughts on what an average buyers perception is of Escalation clauses. Do they just see it as a game and it's a negative or do they understand with the market the way it is? Initially thinking we will offer 575k, as is and covering appraisal gap if we love it, but entertaining an escalation clause to go above. Appreciate any insight! Thanks! [link] [comments] |
| What are you telling your buyer clients to keep them encouraged right now? Posted: 03 Apr 2021 03:46 PM PDT I'm at a serious loss for words right now. My poor clients are really feeling the weight of the market right now and I just don't know what to say to them at this point. I wish I had better answers. [link] [comments] |
| Is it possible to work for Escrow while having a license hanging with a brokerage? Posted: 04 Apr 2021 12:33 PM PDT |
| Are realtors really on call 24/7? Posted: 04 Apr 2021 09:33 AM PDT I'm thinking about dropping out of college because I am not motivated enough to finish any work in my courses. I have a condition called Narcolepsy and I know realtors have to be on call 24/7. I'm worried I won't be able to do it and my narcolepsy disqualifies me from a ton of jobs already(that don't require a college degree). Since narcolepsy is a sleep disorder sleep is pretty important and I take meds that make me unable to drive during the night(when I take it). I was wondering if anyone here has narcolepsy or how often y'all are called up during the night? Also typical working hours? Thank you so much!! [link] [comments] |
| Posted: 04 Apr 2021 08:55 AM PDT The market right now is crazy with super low inventory, making it impossible to buy. What is your prediction of when things will return to more normal, do you think the foreclosure protection ending in June is going to have an impact on the market? And how soon are you guessing? [link] [comments] |
| Posted: 03 Apr 2021 01:34 PM PDT I'm reading all of these hyperbolic articles about how Zillow is threatening the future of the industry. Most points are how easy it is to list home with Zillow offers or Zillow being its own brokerage. But at the end of the day the only people who are gonna be negatively affected by this are the agents who don't put any effort into their transactions. If you're not staying top of mind with your clients via check ins, social media, and working your sphere properly then yes your past client will hit have an agent contact me because they didn't think the first one was worth anything. If you want to avoid this you need to remember the transaction does not end after the check is cashed. [link] [comments] |
| Posted: 03 Apr 2021 09:58 AM PDT What I am currently dealing with: I have a cash buyer who is ready to go. A property came onto the market 5 days ago and it has tenants. They require 24 hours notice for showings. Put in a showing request for my buyers to walk the property with 24 hours notice. Never heard from the listing agent (go figure) after 24 hours so I reached out to see what was up because I have a buyer here that's ready to write an offer yesterday and they said the tenant has not responded. Okay, I get that and I see where this is going (the whole landlord selling the house, tenant, showings fiasco). To me, the listing agent should have reached out to me with some sort of update instead of leaving me high and dry. A simple "working on confirming your showing with the tenants, will keep you updated") after a couple hours would have worked. I then ask the LA what time works best for the tenants because we can work around their schedule since I understand this is not a comfortable situation for them to have to accommodate all of these showings for a house they have no say over selling. 24 hours go by, I get ignored once again but I see the agent is tweeting up a storm. This is unprofessional to me. A simple text letting me know we are on the same page would have worked for me and my buyer. At this point my buyer is getting pissed and there's a seller whose agent is ignoring buyers agents with a buyer who is ready to go, potentially costing them a sale and the story continues. Its been 72 hours at this point. I call the agent, it rings twice and I get sent to voicemail. What the hell. Its like they don't want money at this point. They are doing their seller a disservice. They aren't even communicating with me! I am tired of realtors not doing their jobs so this leads me to my question. Should I jump over the listing agent and call the owner directly and express to them that I have a buyer that is trying to schedule a time to see their property, however their listing agent is not cooperating or do I keep spamming the listing agent with calls and texts? I don't play unprofessionalism, especially from "brokers". I cant call anyone about this listing agent because they are a "broker" of their own firm. [link] [comments] |
| Getting an offer before the house it listed? Posted: 03 Apr 2021 07:25 PM PDT I am listing a house I own. It's a bit of a unique house/wreck as 200yo houses can be. I interviewed about a handful of listing agents and picked the one I was most comfortable with. I also had all the agents give me their valuation estimate. 2nd runner up (so not the agent I chose) told me she already has a buyer. Also, her valuation was much higher than everyone else's. She wants to show the property even before it is market ready (she already saw it) and I expect they will offer even before the house hits the market. If the offer is as good as or better than my planned listing (and all the other agent's estimates), do I take it? Or wait, put it in the market and see what I get? [link] [comments] |
| Historic house been on market for 2 years. Posted: 04 Apr 2021 01:06 AM PDT Beautifully restored home has been on the market for almost 2 years. That's a major red flag in my opinion. It's been priced near the market value roughly. It's not stigmatized or anything. It's pricey, but no one has moved on it. This is the best sellers market of my lifetime, and I can't figure out why it's not selling. Wifey and I are interested but I'm a new agent and cautious. We are looking for ourselves. Desirable location and not the highest priced house around, though expensive. It seems that it hasn't ever been under agreement at any point in these 2 years. From all accounts, the local historic society isn't even that restrictive. Thoughts? [link] [comments] |
| “Woosah”/patience techniques when you have difficult client’s Posted: 03 Apr 2021 07:08 PM PDT Just curious what you all do to stay calm with difficult clients? I'm at the end of the rope with one of my buyers. He cancel's appointments last minute with me often, forgets appointment times even though I send him multiple reminders, inputs addresses incorrectly all the time on his GPS making him late to showings all the time. Starts conversations with me via text then just disappears for a while before getting back to me. Tells me he wants to see a house, I ask him what date and time works best for him, he tells me "the next earliest time available", I tell him "10am Monday" then he tells me "I work at that time. Is there 5pm available?" He does this ALL.THE.TIME. What pissed me off recently is that we saw 7 houses yesterday. Told him we could put offers on multiple homes if he wants. He said no and that he only wanted to put in an offer for 1 house. We put in the offer yesterday and seller came back today and told us they are working with a different offer. I informed my buyer of this and he goes "why didn't we make more offers yesterday to different houses?" As if we didn't have that conversation and as if I was the one who steered him wrong. The only thing keeping me hanging on is that he is pre-approved for a good amount and he has been putting in pretty aggressive offers (and we have been losing because hey, that's how the market is now). So I figure with how aggressive he's willing to be with offers, he HAS to get an offer accepted one of these times. In the mean time I just want some calming techniques because I'm still going to have to deal with him in the meantime (I know I don't HAVE to, but not ready to quite dump him yet). [link] [comments] |
| Posted: 03 Apr 2021 03:22 PM PDT Hi, just going to list out my situation. I'm a college student with a little bit of experience in real estate. I managed to get two listings in my first month, but no sales. I had to go back to school right after that, but I've heard that Redfin agents not only get paid a salary of $1000 a month but also receive 3x more than the client base regular agents get. This is appealing for numerous reasons, and it kinda sounds too good to be true, any Redfin agents here want to talk about their experience? [link] [comments] |
| Posted: 03 Apr 2021 03:33 PM PDT I'm representing the buyer. Seller has asked to close on May 1st and "rent back" the house from my buyer till June 30th. How would you structure/word the purchase agreement and addendum(s)? Edit: Apologies but I'm still in my first year and this is my first "rent back" offer. Found the form and went over everything with my broker. I was just in between showings earlier in my car and was bored so just thought I'd post here. Thanks to those who answered! [link] [comments] |
| Posted: 03 Apr 2021 02:02 PM PDT |
| Tired of other agents doing the bare minimum Posted: 02 Apr 2021 03:44 PM PDT After working with a lot more buyers this past year than I'm used to, I'm really getting tired of the laziness of most of these realtors. Never answering or returning calls or only want to text and take hours to respond to a simple text. Not answering any of my questions in regards to the property my buyers are looking at. Filling in the bare minimum on their listing in the MLS and getting mad when I have a question about a missing entry. I know this is what I signed up for and I'm happy to deal with it for my buyers, just a bit frustrated at the moment with the lack of effort. A lot of agents treating this like a part time job is exhausting. Anyways thanks for coming to my TED talk. [link] [comments] |
| Posted: 03 Apr 2021 10:25 AM PDT So in today's very hot market I have had to move fast with my clients once a house hits the market. Seems a lot of listing agents will list the home and out best and final only 2-3 days after it was listed. So I had a house just hit the market Friday afternoon and they wanted best and final by Saturday evening. I was writing an offer up for my clients early Friday evening and when I went back to the MLS listing it was already marked contingent. I reached out to the listing agent and she said the sellers liked an offer and went with it! So is it illegal or unethical to list a home and say best and final by X day/time only to mark it contingent before the deadline? What service are they doing for their clients? [link] [comments] |
| Education/School selection in Families Relocating Posted: 03 Apr 2021 10:08 AM PDT Question, do you all find at a time when many families are relocating from states like NYC to TX and FL, that there is an increased need for realtors to give advice on school districts to guide families on where to live? Or do you find families self educate and already have an idea on where they want to live having learned about it from somewhere else? Just curious about whether others have to become de facto school selection specialists as part of their roles? [link] [comments] |
| Posted: 03 Apr 2021 05:08 AM PDT |
| What happens to a deal if the open permit that my seller agreed to close is not closable ? Posted: 03 Apr 2021 12:16 PM PDT Currently selling my first house, all cash offer and there was only an inspection contingency which went well. Just waiting for title to come back clean and clear. In the contract my sellers agreed they would close out the open permit for the footing of their three seasons room addition. They had someone from the town inspect in and we have been waiting 3 weeks now and no response from the town but they did say it could take a while. I just want to know what would happen to the deal if it is not able to close? [link] [comments] |
| Is the cheapest MacBook Pro enough? Posted: 03 Apr 2021 09:11 AM PDT My husband is going to become a realtor and wants to get a new MacBook Pro as he only has a slow old desktop Mac. It's pricey so I'd like to know if the base model will suffice? Is 256 GB storage generally enough as well? I don't know much about computers, here are the specs: Apple M1 Chip with 8-Core CPU and 8-Core GPU 256GB Storage Apple M1 chip with 8-core CPU, 8-core GPU, and 16-core Neural Engine 8GB unified memory 256GB SSD storage¹ 13-inch Retina display with True Tone [link] [comments] |
| Megathread: Insane Real Estate Market Posted: 03 Apr 2021 03:02 AM PDT Post your stories, anecdotes, and unbelievable market data about the craziest real estate market in history. How high did you have to go over asking price and what kind of terms did you make to win? Head over to the official discord server to discuss this insanity further. https://discord.gg/xDKYfJj6WZ [link] [comments] |
| Drilling for a well during due diligence period Posted: 02 Apr 2021 06:48 PM PDT Is this a reasonable request? I have a buyer buying a plot of land out in the country. Talked to the neighbors and it sounds pretty difficult in this area to get a well that produces enough water. My client wants to request that we drill during our due diligence period. Is this normal practice? Apologies in advance for my lack of knowledge with vacant land and well drilling. [link] [comments] |
| Preapproval vs conditional approval Posted: 02 Apr 2021 05:46 PM PDT Does this really matter in the current market? To throw out an example, home is listed for 300k, would a seller accept an offer for 330k preapproved over an offer for 310k with a conditional approval? Just wondering if at the end of the day it's more so the number that counts. [link] [comments] |
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