Speaking of competence, he comes a rant. I have a client that has been trying to buy a home from one of the top most “competent” agents at one of the major brokerages RSF office. This guy is such a blowhard. He has listed about 20 properties over the last 2 years (mostly $2M or more). He has actually sold 1 of his listings which was priced about $250,000. In over 2 years he has failed everyone of his cleitns miserably!!
I sent him a cover letter last year with an all cash offer of nearly $2M on a property he had and still has listed which told him exactly what would happen if they did not take the offer. I just re-read it for the first tiem and it was amazing prescient if I do say so myself.
They sent it back with rejected in red ink written on it. In the last 12 months they have invested an additonal $150K improving the property, paid over $20K in RE taxes and serviced $1.5M of debt while the property is now worth less than we offered 1 year ago. By my calculations, this competent jackass has cost his clients over $500,000 because they wont take anything under $2M. In antohter few years they will probably get that $2M. That is after spending another $500K carrying the property and losing about $1M. The punchline to it all is that the owner is a retired Wall Street exec who sells videos about how you should downsize and simply your lifestyle. They deserve each other.
