The cult of professional specialists

[bearishgurl]

[quote=njtosd]bearishgurl –

Although I’m not in favor of anecdotes, here goes: We are currently selling our home on the east coast and received an offer after our listing agreement had expired and before we relisted (we had gotten kind of discouraged and had decided to put off relisting until the kids were back in school). We were much more willing to come down in price (and did come down more than we had originally planned to) since we didn’t have an agent’s fee to pay. The final steps of the negotiation here take place in the “attorney review” process, so our attorney is taking care of some of the jobs that would be done by an agent/broker in CA. So in this case, the buyer is getting a better deal than he would have otherwise because there is no listing agent involved.[/quote]

njtosd, I don’t know what your current time frame is, but in CA, you would have *typically* (unless your listing agent agreed to modify the “stock” language – very rare) had to wait 181 days after your listing agreement had expired to avoid paying your former listing agent a commission on your current sale, if your current buyers EVER contacted your listing agent at all or were shown the property by a co-broke agent during the time of the active listing. From your standpoint, until you get your final attorney bill at COE, you will not know whether you made out better to have your attorney handle your transaction as a FSBO, than if you would have had a RE agent handle it. My point with drboom was that BUYERS DO NOT receive a better price THAN THEY WOULD HAVE under a typical listing agreement with a co-broke invitation. Whether your buyers DO receive a better price or not is purely subjective and/or based upon the comparable “sold comps” that occurred recently with RE broker intervention and facilitation.

[bearishgurl]

[quote=drboom, in re: bearishgurl]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position.[/quote]

drboom, can you point to me an earlier post where I said I was currently an “active” agent?

[bearishgurl]

[quote=drboom, in re: bearishgurl]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position.[/quote]

drboom, can you point to me an earlier post where I said I was currently an “active” agent?

[bearishgurl]

[quote=drboom, in re: bearishgurl]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position.[/quote]

drboom, can you point to me an earlier post where I said I was currently an “active” agent?

[bearishgurl]

[quote=drboom, in re: bearishgurl]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position.[/quote]

drboom, can you point to me an earlier post where I said I was currently an “active” agent?

[bearishgurl]

[quote=drboom, in re: bearishgurl]

To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position.[/quote]

drboom, can you point to me an earlier post where I said I was currently an “active” agent?

[sdrealtor]

NJ
There are no fantasies and I would be happy to sit down with in person on a computer and prove it. You know nothing of the intracies of what i am involved with and my actions are part of my fiduciary duties. My ficuciary responsibility does not include picking up in the middle of my daughters dance recital or my son’s soccer game to go show a property to someone who is calling half the agents in town and wasting all our time. I can smell the BS a mile a way and there is nothing wrong with politely letting them know they are more than welcome to see the property and that they will be at no disadvantage using any other agent they want.

Most of the dealings I have had in the last few years are short sales and my duty to my client is not to bring them every buyer, it is to get the property sold and to get them released from liability under the most favorable terms. Bringing every Tom, Dick and Harry very often would damage them.

Here are 2 concrete examples.

1.) Tom Schmo brings a very high offer on the property, in fact too high in my estimation but seller wants to accept it and even counters higher as much as I try to convince her otherwise. Buyer agrees to higher price and we submit it to the lender against my recommendation. Seller has a refinanced 2nd for $250K with full lender recourse. The 2nd lender approves the sale and buyer changes mind. Seller will never see another offer like that and lender will no longer accept fair market value which is actually at least $70K below the offer I told her was too high. Property will get foreclosed upon and instead of getting released from future laibility seller faces a $250K judgement and is heading into BK. This is an actual case I am dealing with right now.

2.) Buyer calls me and wants to submit offer on property direct through me. I know nothing about this buyer and of course they want me to give them back a portion of the buyers side commission. I explain to my client that a buyer like this is calling every agent on the block and is a kin to a John seeking out hookers. We know nothing about it and the way they approach things tells me they will never hang in. Seller says thanks but disagrees and chooses to go with them over another buyer who is represented by a very good agent I know who tells me about the buyer they have been working with for months but their offer is $10K less. After 4 months sale is approved and of course the John has found another hooker to screw around with. The sale is approved but that buyer is no where to be found. We then go back to the buyer I recommneded who is still thrilled to get the property but will still only pay $10K less. After 4 more months of wrangling we finally get it done but the seller now has far more credit damage than if they got it done with that buyer the first time. This is another actual case I have dealt with.

There are dozens more…..

[sdrealtor]

NJ
There are no fantasies and I would be happy to sit down with in person on a computer and prove it. You know nothing of the intracies of what i am involved with and my actions are part of my fiduciary duties. My ficuciary responsibility does not include picking up in the middle of my daughters dance recital or my son’s soccer game to go show a property to someone who is calling half the agents in town and wasting all our time. I can smell the BS a mile a way and there is nothing wrong with politely letting them know they are more than welcome to see the property and that they will be at no disadvantage using any other agent they want.

Most of the dealings I have had in the last few years are short sales and my duty to my client is not to bring them every buyer, it is to get the property sold and to get them released from liability under the most favorable terms. Bringing every Tom, Dick and Harry very often would damage them.

Here are 2 concrete examples.

1.) Tom Schmo brings a very high offer on the property, in fact too high in my estimation but seller wants to accept it and even counters higher as much as I try to convince her otherwise. Buyer agrees to higher price and we submit it to the lender against my recommendation. Seller has a refinanced 2nd for $250K with full lender recourse. The 2nd lender approves the sale and buyer changes mind. Seller will never see another offer like that and lender will no longer accept fair market value which is actually at least $70K below the offer I told her was too high. Property will get foreclosed upon and instead of getting released from future laibility seller faces a $250K judgement and is heading into BK. This is an actual case I am dealing with right now.

2.) Buyer calls me and wants to submit offer on property direct through me. I know nothing about this buyer and of course they want me to give them back a portion of the buyers side commission. I explain to my client that a buyer like this is calling every agent on the block and is a kin to a John seeking out hookers. We know nothing about it and the way they approach things tells me they will never hang in. Seller says thanks but disagrees and chooses to go with them over another buyer who is represented by a very good agent I know who tells me about the buyer they have been working with for months but their offer is $10K less. After 4 months sale is approved and of course the John has found another hooker to screw around with. The sale is approved but that buyer is no where to be found. We then go back to the buyer I recommneded who is still thrilled to get the property but will still only pay $10K less. After 4 more months of wrangling we finally get it done but the seller now has far more credit damage than if they got it done with that buyer the first time. This is another actual case I have dealt with.

There are dozens more…..

[sdrealtor]

NJ
There are no fantasies and I would be happy to sit down with in person on a computer and prove it. You know nothing of the intracies of what i am involved with and my actions are part of my fiduciary duties. My ficuciary responsibility does not include picking up in the middle of my daughters dance recital or my son’s soccer game to go show a property to someone who is calling half the agents in town and wasting all our time. I can smell the BS a mile a way and there is nothing wrong with politely letting them know they are more than welcome to see the property and that they will be at no disadvantage using any other agent they want.

Most of the dealings I have had in the last few years are short sales and my duty to my client is not to bring them every buyer, it is to get the property sold and to get them released from liability under the most favorable terms. Bringing every Tom, Dick and Harry very often would damage them.

Here are 2 concrete examples.

1.) Tom Schmo brings a very high offer on the property, in fact too high in my estimation but seller wants to accept it and even counters higher as much as I try to convince her otherwise. Buyer agrees to higher price and we submit it to the lender against my recommendation. Seller has a refinanced 2nd for $250K with full lender recourse. The 2nd lender approves the sale and buyer changes mind. Seller will never see another offer like that and lender will no longer accept fair market value which is actually at least $70K below the offer I told her was too high. Property will get foreclosed upon and instead of getting released from future laibility seller faces a $250K judgement and is heading into BK. This is an actual case I am dealing with right now.

2.) Buyer calls me and wants to submit offer on property direct through me. I know nothing about this buyer and of course they want me to give them back a portion of the buyers side commission. I explain to my client that a buyer like this is calling every agent on the block and is a kin to a John seeking out hookers. We know nothing about it and the way they approach things tells me they will never hang in. Seller says thanks but disagrees and chooses to go with them over another buyer who is represented by a very good agent I know who tells me about the buyer they have been working with for months but their offer is $10K less. After 4 months sale is approved and of course the John has found another hooker to screw around with. The sale is approved but that buyer is no where to be found. We then go back to the buyer I recommneded who is still thrilled to get the property but will still only pay $10K less. After 4 more months of wrangling we finally get it done but the seller now has far more credit damage than if they got it done with that buyer the first time. This is another actual case I have dealt with.

There are dozens more…..

[sdrealtor]

NJ
There are no fantasies and I would be happy to sit down with in person on a computer and prove it. You know nothing of the intracies of what i am involved with and my actions are part of my fiduciary duties. My ficuciary responsibility does not include picking up in the middle of my daughters dance recital or my son’s soccer game to go show a property to someone who is calling half the agents in town and wasting all our time. I can smell the BS a mile a way and there is nothing wrong with politely letting them know they are more than welcome to see the property and that they will be at no disadvantage using any other agent they want.

Most of the dealings I have had in the last few years are short sales and my duty to my client is not to bring them every buyer, it is to get the property sold and to get them released from liability under the most favorable terms. Bringing every Tom, Dick and Harry very often would damage them.

Here are 2 concrete examples.

1.) Tom Schmo brings a very high offer on the property, in fact too high in my estimation but seller wants to accept it and even counters higher as much as I try to convince her otherwise. Buyer agrees to higher price and we submit it to the lender against my recommendation. Seller has a refinanced 2nd for $250K with full lender recourse. The 2nd lender approves the sale and buyer changes mind. Seller will never see another offer like that and lender will no longer accept fair market value which is actually at least $70K below the offer I told her was too high. Property will get foreclosed upon and instead of getting released from future laibility seller faces a $250K judgement and is heading into BK. This is an actual case I am dealing with right now.

2.) Buyer calls me and wants to submit offer on property direct through me. I know nothing about this buyer and of course they want me to give them back a portion of the buyers side commission. I explain to my client that a buyer like this is calling every agent on the block and is a kin to a John seeking out hookers. We know nothing about it and the way they approach things tells me they will never hang in. Seller says thanks but disagrees and chooses to go with them over another buyer who is represented by a very good agent I know who tells me about the buyer they have been working with for months but their offer is $10K less. After 4 months sale is approved and of course the John has found another hooker to screw around with. The sale is approved but that buyer is no where to be found. We then go back to the buyer I recommneded who is still thrilled to get the property but will still only pay $10K less. After 4 more months of wrangling we finally get it done but the seller now has far more credit damage than if they got it done with that buyer the first time. This is another actual case I have dealt with.

There are dozens more…..

[sdrealtor]

NJ
There are no fantasies and I would be happy to sit down with in person on a computer and prove it. You know nothing of the intracies of what i am involved with and my actions are part of my fiduciary duties. My ficuciary responsibility does not include picking up in the middle of my daughters dance recital or my son’s soccer game to go show a property to someone who is calling half the agents in town and wasting all our time. I can smell the BS a mile a way and there is nothing wrong with politely letting them know they are more than welcome to see the property and that they will be at no disadvantage using any other agent they want.

Most of the dealings I have had in the last few years are short sales and my duty to my client is not to bring them every buyer, it is to get the property sold and to get them released from liability under the most favorable terms. Bringing every Tom, Dick and Harry very often would damage them.

Here are 2 concrete examples.

1.) Tom Schmo brings a very high offer on the property, in fact too high in my estimation but seller wants to accept it and even counters higher as much as I try to convince her otherwise. Buyer agrees to higher price and we submit it to the lender against my recommendation. Seller has a refinanced 2nd for $250K with full lender recourse. The 2nd lender approves the sale and buyer changes mind. Seller will never see another offer like that and lender will no longer accept fair market value which is actually at least $70K below the offer I told her was too high. Property will get foreclosed upon and instead of getting released from future laibility seller faces a $250K judgement and is heading into BK. This is an actual case I am dealing with right now.

2.) Buyer calls me and wants to submit offer on property direct through me. I know nothing about this buyer and of course they want me to give them back a portion of the buyers side commission. I explain to my client that a buyer like this is calling every agent on the block and is a kin to a John seeking out hookers. We know nothing about it and the way they approach things tells me they will never hang in. Seller says thanks but disagrees and chooses to go with them over another buyer who is represented by a very good agent I know who tells me about the buyer they have been working with for months but their offer is $10K less. After 4 months sale is approved and of course the John has found another hooker to screw around with. The sale is approved but that buyer is no where to be found. We then go back to the buyer I recommneded who is still thrilled to get the property but will still only pay $10K less. After 4 more months of wrangling we finally get it done but the seller now has far more credit damage than if they got it done with that buyer the first time. This is another actual case I have dealt with.

There are dozens more…..

[njtosd]

bearishgurl –

drboom correctly inferred what I meant – people usually use quotes in the way that you did to suggest that they don’t necessarily agree with a description. Instead of putting the quotes in, you could also achieve the effect by putting the words “so-called” in front of the words ‘international expert.’ In any event – he is a bona fide international expert, quotes or not. You might be interested to see this NYT article about him entitled: The Probability that a Real-Estate Agent is Cheating You (and other Riddles of Modern Life)

[njtosd]

bearishgurl –

drboom correctly inferred what I meant – people usually use quotes in the way that you did to suggest that they don’t necessarily agree with a description. Instead of putting the quotes in, you could also achieve the effect by putting the words “so-called” in front of the words ‘international expert.’ In any event – he is a bona fide international expert, quotes or not. You might be interested to see this NYT article about him entitled: The Probability that a Real-Estate Agent is Cheating You (and other Riddles of Modern Life)

[njtosd]

bearishgurl –

drboom correctly inferred what I meant – people usually use quotes in the way that you did to suggest that they don’t necessarily agree with a description. Instead of putting the quotes in, you could also achieve the effect by putting the words “so-called” in front of the words ‘international expert.’ In any event – he is a bona fide international expert, quotes or not. You might be interested to see this NYT article about him entitled: The Probability that a Real-Estate Agent is Cheating You (and other Riddles of Modern Life)

[njtosd]

bearishgurl –

drboom correctly inferred what I meant – people usually use quotes in the way that you did to suggest that they don’t necessarily agree with a description. Instead of putting the quotes in, you could also achieve the effect by putting the words “so-called” in front of the words ‘international expert.’ In any event – he is a bona fide international expert, quotes or not. You might be interested to see this NYT article about him entitled: The Probability that a Real-Estate Agent is Cheating You (and other Riddles of Modern Life)

[Author]

Posts