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Started By
Message
re: The home selling realtor setup is unfair to sellers and buyers
Posted on 6/16/23 at 10:42 am to SlidellCajun
Posted on 6/16/23 at 10:42 am to SlidellCajun
quote:
You can always list by owner and see how it goes But with an agent- a good agent-You get shielded from all of the drama that can come about from dealing directly with the buyer
Good agents take the emotion out and create for a smoother process
Honestly, this is one of the more undervalued parts of the job for realtors. The buyer and/or seller have no idea how many rollercoasters the agents save them from being exposed to. A good realtor knows when to open their mouth and when to be patient. The process works the way it does because people get emotional about shite.
My wife had a deal fall through the day of closing because the title company had to move the closing date back 1 day.(from a Monday afternoon to a Tuesday morning) The seller flipped shite and canceled the whole deal. Congrats you moron, now you get to start all over with another buyer. Some people just don't act rationally at times.
Emotional intelligence is severely lacking in the general populations.
1
Posted on 6/16/23 at 11:11 am to hashtag
quote:
do what the realtors do: lie to them and say you have several offers including 1 above asking price and another that the person is going to resubmit their offer tomorrow.
Aren’t car dealers using the same approach now?
Posted on 6/16/23 at 11:16 am to kennypowers
quote:
wife had a deal fall through the day of closing because the title company had to move the closing date back 1 day.(from a Monday afternoon to a Tuesday morning) The seller flipped shite and canceled the whole deal
I'm not a lawyer and I'm not in real estate, but this sounds like a breach of contract at least here in La. Title company needing to move closing back 1 day due to scheduling or other legit circumstances does not allow a buyer to abandon the purchase when you're that far downstream into the closing imo. But then again, not sure how you can legally go after them other than having them forfeit the earnest money.
Posted on 6/16/23 at 11:18 am to Gee Grenouille
Sold my previous house myself. Saved a ton of money and it was super easy. I highly recommend it
Posted on 6/16/23 at 11:34 am to Gee Grenouille
Most realtors are dumb as shite. For every decent one there are about 50 who are realtors because they aren’t qualified to do anything else. The best are the husband and wife “teams”.
Posted on 6/16/23 at 11:44 am to lsumailman61
So you literally didn't spend a penny for the realtors service and youre upset about what????
Posted on 6/16/23 at 11:48 am to tadman
my agent (buying was awesome) - but i cannot get into the details of the listing agent - legal reasons.
Posted on 6/16/23 at 12:25 pm to eitek1
quote:Same here. I didn't play the meet me in the middle game the last 2 offers. Both times they came down to our offer. Since the first one expired (I didn't counter theirs) I wasn't even obligated to my offer. They were on the market for 4 more months, but got $10k higher (good for them). The 2nd one they came down to our offer and we accepted. Newer house that we liked more.
I put in an offer on a place. I think it was around 425ish. They counter offered about 10k higher. The house wasn’t worth the extra 10k, to me at least.
They said “are you going to let this deal fall through over 10k?” I said “ no but it seems like you are”. They pulled the “we are expecting an offer on this house later today” tactic. It pissed me off so badly that they would try something so stupid on me I told them “you better hope they buy this house because I’m not buying it now”.
I let the offer expire and walked. That house sat on the market for another 6 months or so.
I hate strong arm sales tactics and I will immediately walk if someone does it.
Don't let anyone tell you that you should give in.
Posted on 6/16/23 at 12:32 pm to Gee Grenouille
It’s a broker relationship. They only represent the deal. They do not represent you.
Posted on 6/16/23 at 1:09 pm to Gee Grenouille
quote:
I can’t speak to the buyer . . .
Why not?
Posted on 6/16/23 at 1:23 pm to Basura Blanco
quote:
Each time it involved contacting the buyer (or perspective buyer) directly during the process
I did the opposite. In a tough market, with a contingent offer, I contacted the seller. After talking with them, they accepted my offer, even while holding an offer that had no contingency attached. Would have never happened if I had listened to my realtor
Posted on 6/16/23 at 1:31 pm to Uncle JackD
quote:
They’re thinking it over and probably crunching numbers and would like to know if there’s another offer incoming. Not that unreasonable
No that's shitty RE talk. That is a scripted line every buyer rep gives to try and make the seller jump through hoops, over react and throw the kitchen sink at the buyer.
OP is right, that line is a load of crap.
Posted on 6/16/23 at 1:57 pm to blueboxer1119
quote:
I only want an avenue of exposure directly to buyers without involving agents...because frick being middled.
Housing is arguably one of the few things you can purchase in America without being middled. I’d love to cut out Publix, Ticketmaster, Comcast, etc… out of the picture.
Posted on 6/16/23 at 2:18 pm to Gee Grenouille
It's too easy to be a realtor. I know way too many soccer mom's and other idiots I went to school with who are now realtors.
Make them get at least a two years associate degree (or higher) before they can take their little cake walk realtor's exam.
Make them get at least a two years associate degree (or higher) before they can take their little cake walk realtor's exam.
Posted on 6/16/23 at 2:39 pm to Tomatocantender
quote:
I'm not a lawyer and I'm not in real estate, but this sounds like a breach of contract at least here in La. Title company needing to move closing back 1 day due to scheduling or other legit circumstances does not allow a buyer to abandon the purchase when you're that far downstream into the closing imo. But then again, not sure how you can legally go after them other than having them forfeit the earnest money.
You're spot on. The problem is - those people needed a house now, not in 6-12 months after the litigation takes place. People talk a lot about suing someone but rarely(at least from what I've seen) does it end up benefiting anyone to drag people through the legal system. The threat of legal action generally does the trick but once someone still decides to move forward(failure to perform in this case) it just wastes time and money for all involved.
It's unfortunate, but it is what it is.
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