Fine balance between pushing a real estate agent and upsetting them
Video 110: I have a buyer who really wants a house. This is a bank owned home that has been on the market for five days. For three days now I have been trying to find out the status, any offers etc. I emailed the real estate agent the day before because the MLS said DO NOT CALL, email. So I did. And did not get a response. Yesterday we went to view the house and I emailed and called, no answer. Today my buyer said I want it let’s go after it, and we decided to put in an offer. There are some special circumstances due to it being a Homepath house and us needing to close by the end of the month I wanted to discuss with the agent. Again a call and email went into the agent with no response. I sent the offer in 3 hours ago and asked for a confirmation… well you get the picture. So where do you draw the line. First I want an answer, I want some form of communication. At the same time I don’t want to upset the agent because my buyers really want this property. Do you call the broker and complain so you get some communications or does that p/o the agent completely and your deal is fried? Thoughts? Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
1) The Ten Day Close: Why Other Lenders Whine About It – This one is getting annoying. We have 2 lenders here in Phoenix who can get loans closed (even in today’s market) in ten days or less. One of them even guarantees it. It is amazing to see other lenders, who work for shops that have a hard time getting a loan closed in 30-45 days, say it is bs. It is NOT bs as I have yet to see them not meet the 10-day close timeframe.
2) My Loan Officer Won’t Provide Me a Good Faith Estimate – When with the federal government stop over-regulating and making things worse. The have tried what, about 10 things in real estate over the last year to help consumers or to help the housing market? And pretty much everyone has been a disaster.
3) Cut foreclosures by slicing real estate fees – The foreclosure crisis is now the fault of the agent who charges too much commission. Al Lewis, excuse my French, but you are moron! The buyer deserves representation in the market and both the buyer and seller deserve full time professionals who can go to bat for them. Are you also out there also wanting to dictate how much a doctor can make for a procedure or how much a columnist receives for a poorly thought out article? There is nothing secret or hidden about our commissions, they are all in our contracts and on the HUD-1s.
7) Loan Originators: Stop Your Crying…Let’s Love the Good Faith Estimate – How good is Rhonda when it comes to the new GFE? She makes the top 10 list twice for the same subject in the same day. But she has a point here, we can all hate it, but it is here and we need to deal with it.
8) Don’t Get Short With Short Sales – Look Harder – Lesley and I must have been sharing the same brain wave yesterday as I did my blog post on which is a better day short sale or foreclosure. We both come to the same conclusion, if you have a time frame to be in your house then a short sale is not probably your best option, but if you have time to wait big deals can be had.
10) Knuckleheads beware: Real estate is changing – Is there anyone in the business that really makes you think more than the guys at 1000watt blog? Let me help you, no there is not.
Video 26: I was recently approached by someone who was not happy with their real estate agent and wanted a new buyers agent. What should you do if you want a new real estate agent? If you want to discuss this or tthe Phoenix real estate market you can leave a comment or e-mail me Dean Ouellette.
Video 19: Real estate agents should not be giving advice to other agents clients. Do you agree? Leave a comment or e-mail me your thoughts Dean Ouellette.
1) Is our industry a bunch of bums? – How should real estate agents dress? This is always an interesting conversation with plenty of good arguments for all sides. So how should we dress?
2) $8000 tax credit: The end is near – Time is running out for the $8000 first-time home buyer tax credit, you [...]
A fellow agent in my office recently asked me to put together something on Twitter and how real estate agents could utilize it. We are Realtors, there is one thing we all love to say when introduced to anything new, “I’m to busy for that.” And while it is true you, like I, may [...]
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