(Closed) Real estate agent problems or am I overreacting?

posted 4 years ago in Home
  • poll: To replace or not to replace?
    Replace your RE agent, you can do better : (6 votes)
    20 %
    Keep your RE agent, it's not that bad : (24 votes)
    80 %
  • Post # 16
    Member
    2639 posts
    Sugar bee
    • Wedding: April 2014 - Italian Villa

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    bellanotte11:  I guess that varies from agent to agent. I send my clients properties they might like, and that is obviously not his style, so it could just be that’s now how he does business. The way I do it, even if there aren’t new listings for them, I stay in touch to let them know that I’ve still been looking, update them on any changes in the market, etc. Personally, I would feel like I wasn’t doing my job if I hadn’t sent my clients ANY properties, or they had found all the ones we had seen in person (because that would mean my search criteria were way off). But some agents simply don’t do property searches because they can be time-consuming. It sounds like you want a more hands-on approach, and I’m sure there is an agent who will do that for you.

    To answer another question you asked, no, there isn’t a special way to know about a house going on the market beforehand. Sometimes it’s a friend of the seller. Sometimes it’s the listing agent’s buyer who they gave a “sneak peek” to. But there’s no magical way to make that happen, unfortunately.

     

    To address something else you said, you said you’d feel bad for working with multiple agents. You should definitely not do that, especially if you signed a buyer agency agreement stating that your current agent is your agent for X amout of time. Even if you didn’t sign anything, it would be terribly rude to expect 1 or more other agents to do their job for free (we only get paid when we make a sale). If you’d rather work with a different agent, sever ties with your current one, but don’t work with more than one.

    Post # 19
    Member
    1598 posts
    Bumble bee

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    bellanotte11:  The bee was soo helpful.  I read about a lot of bees different experiences and then would look up what they were saying and see how it applied in our state.  I think it helped us be more prepared.  We also agreed to bring in mom and aunt for their knowledge only, no $$ so no say in the final decision.  They pushed us hard to not just go with everything our realtor said and they were right the majority of the time.  It was a hard choice to involve them because they can go kinda crazy sometimes 🙂

    My mom would say get rid of your guy and find someone very very very experienced with very great reviews 🙂

    Post # 21
    Member
    11519 posts
    Sugar Beekeeper
    • Wedding: May 2014

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    bellanotte11:  I’ve heard other people say the same thing, in fast moving markets you still end up doing a lot of the leg work yourself, especially if you’re not selling.  There’s less motivation for them, they don’t need to work as hard for you, you’re not paying them, sellers pay them.  Yes they’ll make money when you buy a house, but odds are they’re doing just fine regardless because they probably have listings that are selling fast too.

    All that said, I would probably try and find someone familiar with the local market, especially if you have a very specific neighbourhood in mind. If he’s not familiar, he really might not be the best guy for you in this case.

    Post # 22
    Member
    1647 posts
    Bumble bee
    • Wedding: August 2013

    I see two issues. One, your budget itself is likely prohibiting you from seeing lots of properties, as you mentioned that your budget is narrow, you may already present as a more challenging buyer to work with because you don’t have options, and you want a specific neighborhood. Second, this realtor doesnt know your neighborhood well. I think you should both switch agents, but also perhaps consider buying a smaller home. 

    Post # 23
    Member
    183 posts
    Blushing bee
    • Wedding: November 2017

    It might be different where you live or maybe even different with different price ranges, but when my parents bought a house about a year ago, I know they spoke with their realtor at least 3x a week, but they were looking for a higher end house on acreage and their realtor was specialized in the “luxury market”, so I dont know if that makes a difference in the type of service you get…  

    Post # 24
    Member
    338 posts
    Helper bee
    • Wedding: March 2015

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    bellanotte11:  just for some perspective since you asked how many houses were the norm to look at: my husband and I were serious about moving and saw 7 houses over 2 days (in the same week). Of course it sounds like there were a lot more houses on the market that met our basic criteria than in your area, but I think it also showed our agent we were serious. We picked out most of those and just asked her to schedule them. It can definitely be a frustrating process. Good luck!

    Post # 29
    Member
    1261 posts
    Bumble bee

    I totally defer to the advice from the real estate bees and people with more experience. That said, my two cents is to give him a call on Monday and tell him you’d like to accelerate the process and are getting eager to find the right fit. Once he knows how you’re feeling, give it a few weeks to see if things pick up. If they do, great, if not… consider moving on.

    Post # 30
    Member
    245 posts
    Helper bee
    • Wedding: May 2015

    You have a budget which sounds like is right in the hot zone for where you want to live and there’s pretty stiff competition. Your Realtor becomes a real asset when they help you assess the value of a desired property and negotiate a deal on your behalf. With the internet and apps, it’s easy to get ahead of a Realtor who’s also working with other buyers. However, like pp mentioned, just because you see homes listed, doesn’t mean they all fit your parameters. Sellers can stipulate financing terms they’re willing to accept, which might not be what you’re working with.

    However, agents can do office exclusives, so if there’s a firm in the area you want to live in that lists a lot of properties and they have multiple agents, it might be worth switching. Then you could potentially gain access to listings via inner office promotion before they go live. If it’s highly competitive, that might be worth it.

    But, I would add, if you’re using financing and looking in a popular price range in a desirable area, it can be tough no matter what. Especially since you’re doing during peak season. If you want a little less competition, you could try waiting until fall/winter. Of course, prices could also rise a bit by then so it can be a catch 22.

    • This reply was modified 3 years, 9 months ago by  creativebee.

    The topic ‘Real estate agent problems or am I overreacting?’ is closed to new replies.

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