Other interesting things about the Real Estate Business---------
Avoid stupid real estate agents from the beginning......................
Example, a house-selling friend of mine - out of state - got an offer presented by her agent, initiated by a buyer's agent. They made a counter offer which was accepted. Two days later the listing agent brought them a "changed offer" from the prospective buyer. Of course that was unacceptable, but the stupid or crooked agent brought it, nevertheless. So it went back and forth a number of times. Finally, the deal was stopped/settled once and for all. In the meantime the deadline for the home inspection contingency had passed and none of either agents "got it". An outside party got involved behind the scene and the latest offer from the buyer was counteroffered with the demand to be signed and done with by ..... (given only 5 hours) or the deal is in default (referring back to the original). This agent cost that seller quite a bit of money. They should have sued both agents for negligence - as a minimum.
Other ways of buying or selling a home:
Don't be shy when you see a home you think you might like .........If you see a particular home, especially new home (which you can tour on your own or with the workers there), call the listing agent directly and inquire if you can purchase the home through them and they will only charge their 1/2 of the commission (and forfeit the selling agent's commission - as there is/was no selling agent other than the "interested buyer calling the listing agent". Worked for someone I know, perfectly, and the agent was more helpful than in other cases. Deal went through!
Someone told me about a house they owned on the East Coast 35 years ago. They had to move out of state because of a new job. The RE agent didn't bring anyone by.
Avoid stupid real estate agents from the beginning......................
Example, a house-selling friend of mine - out of state - got an offer presented by her agent, initiated by a buyer's agent. They made a counter offer which was accepted. Two days later the listing agent brought them a "changed offer" from the prospective buyer. Of course that was unacceptable, but the stupid or crooked agent brought it, nevertheless. So it went back and forth a number of times. Finally, the deal was stopped/settled once and for all. In the meantime the deadline for the home inspection contingency had passed and none of either agents "got it". An outside party got involved behind the scene and the latest offer from the buyer was counteroffered with the demand to be signed and done with by ..... (given only 5 hours) or the deal is in default (referring back to the original). This agent cost that seller quite a bit of money. They should have sued both agents for negligence - as a minimum.
Other ways of buying or selling a home:
Don't be shy when you see a home you think you might like .........If you see a particular home, especially new home (which you can tour on your own or with the workers there), call the listing agent directly and inquire if you can purchase the home through them and they will only charge their 1/2 of the commission (and forfeit the selling agent's commission - as there is/was no selling agent other than the "interested buyer calling the listing agent". Worked for someone I know, perfectly, and the agent was more helpful than in other cases. Deal went through!
Someone told me about a house they owned on the East Coast 35 years ago. They had to move out of state because of a new job. The RE agent didn't bring anyone by.
They went ahead and found a buyer on their own. They told the agent, they had to rent the home, because they can't afford to keep it and move. They cancelled the contract.
Someone else told me about their experience in California many moons ago.
The house had to be sold. The wife had to go out of state for awhile and the husband didn't have much time and wasn't into paper work. They sold the house and stipulated in the real estate contract, that the price of the house was not important.
The important thing was to clear so much money after the sale of the home and after the deduction of all the selling / closing costs. They didn't care how much the RE agent made. The agent agreed and after the home sold and was ready to close she came crying to the husband and said, her broker isn't making as much money.... The husband said .... a contract is a contract and that's how this sale went. SOLD!
You decide when your house is being shown. Many people are not in the mood to have their house clean at all times. They need a day advance notice. Others do want to sell their home and have it clean all the time.
INSIST that your agent list the house to be shown with 1 or 2 hours notice and put that also on the "for sale" sign at the street - rather than "by appointment", put by "1 hr appointment".
Many a times people want to see homes that they see "when they drive by" and these people don't live in the area. They are not in the mood to wait and many a times a house could have sold, had it been available for showing.
One would think that agent would 'welcome these "show now" sellers'. No, on the contrary, they don't! In fact,in many cases listing agents want/demand to be called before another agent shows the home - that is plainly stupid. A seller wants his house SHOWN. An extra show is better than a no-show.
Also RE agents are not very honest when it comes to honor their commitment. Someone, got referred by a broker to another broker's agent for personal reasons. This new agent promised to pay a bird dog commission of " so many percent" to the referring broker. House sold! Payment was never made.
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