Not exact matches
You hand
over your keys to the buyers and the
agent on the other end tells you there's a slight problem — the
sellers can't move out just yet because the home they're buying isn't finished and needs a couple of more weeks.
Getting pre-approved and knowing exactly how much house you can afford before shopping for a home is key to winning
over sellers, real estate
agents agree.
With
over 25 years experience in the real estate industry, we understand buyers,
sellers,
agents and the time - sensitive issues that can affect your home purchase.
My article was written from the stand point of a listing
agent that is hired to complete a short sale for a
seller should not let an investor (buyer) take
over the short sale.
If you are buying off market, the
seller will likely have some level of anxiety
over the deal and whether everything and everyone is legitimate without a real estate
agent.
All things being equal, listing
agents will confer with their
sellers and give a lot more credibility to an offer that comes in with a pre-approval
over a pre-qualification letter.
The gap between what
sellers expect and what
agents recommend has actually grown slightly
over the past year even though national median prices have declined about 4 - 7 percent this year.
A real estate
agent will normally go
over this document with the buyer and
seller and explain the fees or costs, including previous years» property taxes, points, insurance, title insurance, commission fees, and loan and financing fees.
A lil
over a month after we accepted the counter offer the
seller's
agent got an email from the negotiator stating the sale has been approved and the formal approval letter will be emailed in 7 - 10 business days, in which we will have 30 days to close after receipt of the letter.
You'll want different characteristics in an
agent who specializes in sole representation of
sellers, for example,
over an
agent who works as an exclusive buyer's
agent.
Although it usually boils down to dollars and cents, a sales
agent and the home
seller may be more inclined to go with a buyer whose
agent can help glide the deal
over the finish line faster.
There are
over 5 million home
sellers in the US and Canada and 2 Million listing
agents that can't find each other online.
I would think that would transfer
over to a buyer's
agent in doing the same type of work, looking at comps and telling the prospective buyer what a property is worth and, therefore, what area of offer they should make so that they're not overpaying far more than the property's worth, but by the same token, are not giving an offer that's so low that the
seller is just not even going to consider it.
If the property had been right for my buyer I would have shown it; in fact I sold the MLS listed house directly across the street and others
over the years;
sellers who had listed with
agent friends or an
agent had sold the
sellers another property and listed the backup property.
I'd explain to the listing
agent that you aren't signing and aren't turning
over a penny until you have, IN WRITING, either a price reduction / credit or a guarantee that the repairs will be completed prior to closing at
seller's expense in a workmanlike manner.
If an
agent represents a buyer and
seller, then that buyer has an unfair advantage
over other buyers with competing offers.
Often, the buyer's real estate
agent won't discuss the transaction
over the phone with the
seller agent, Mutter says.
When an
agent knows... really knows... that he or she has a strategy that gives their listing clients an edge
over the competing properties on the market, and has a logical and persuasive presentation that
sellers want to hear, a lot of good things happen.
This shields
sellers — and hopefully, their real estate
agents — from disputes that arise
over misinformation.
If you're aware of the obligations of the
agent under agency then you are supposed to also be aware that the
seller is the employer and the
agent must do as lawfully directed by the employee — there is no upside down authority for the
agent to have authority
over the employer which was effectively your opinion.
If you are feeling self - conscious, you might try building a rapport with
sellers and
agents over the phone prior to a personal meeting.
Another side, as to the issues mentioned above, any other party to that transaction,
agent, title folks, bank, attorney, or even the
seller's 3rd cousin who came
over for dinner may very well see you as some scam artist and get on the phone getting who knows what authority involved.
The
seller sued both Cleveland and the buyer's rep, arguing that the purchase contract required the
agent to turn
over the buyer's deposit if the buyer failed to perform.
Sure they can, but when that hand rail has to get installed or that boundry line agreement has to be handled or that client can't figure out how to scan and email
over W - 2 docs, or the
sellers agent doesn't provide the «repair invoice» and it requires chasing it down.
Since then, I've created a platform of connections with other real estate
agents in different markets all
over the U.S. who refer buyer and
seller referrals to me thanks to Instagram.
I also pass on any «bonus» commission paid by the
seller / listing
agent that is
over and above what I negotiate with my client.
The «evidence» supported by
over 500,000 MLS posted listings yearly by Professional
Agents in Canada, is that the home
seller needs a professional
agent to act as an intermediary when considering the comments and advice of others who have NO LEGAL requirement to communicate all the facts to them or make appropriate disclosures to them.
There remains so much confusion
over the legal application of contract law and because current mls associations represent
sellers and
seller agents via their bylaws, rules and regulations, this confusion remains ingrained in the vast majority of
agents.
I know an
agent that was sued for
over $ 800,000 for misinterpreting a
sellers response on the grow op question.
Ways to Use This Report With
over 130 pages of detailed charts and analysis, NAR's Profile of Home Buyers and
Sellers is an exceedingly valuable tool for brokers and their
agents:
When you study success, the
agents who list and sell
over 100 properties a year help the
seller as a resource, and not as a self - promoting marketing initiative.
Although an
agent is apparently not required to offer advice, be present at offer presentations or help the
seller negotiate [additional services???] then the whole apparatus will flip
over to buyer (agency) contracts as well in reality — just sign buyers up to a contract, add them to a list someplace, but do nothing else for them?
Over the last year, the program has undergone several important updates to evolve with current market conditions, and to make it accessible to more
sellers and more attractive to
agents who use the program to better position listings to sell.
Any listing
agent will not just impress his
seller, help de-stagnate household listing air: smoke, fragrances from air fresheners that are full of maybe killer chemicals that infiltrate the other airbournes, perhaps making a toxic stew of sorts, but will absolutely impress would be buyers who will perhaps choose this property, preferred
over others, and they sometimes can't even put their fingers on the exact reason for their choice.
This situation has developed
over time because members are apathetic or preoccupied trying to make a living in a marketplace with too many suppliers (
agents) and not enough customers (buyers and
sellers).
The manager said he'd taken
over handling the contract because the
seller's
agent had decided to make an offer on the property.
A Public Open House costs the Listing Agent at a minimum
over $ 600 to hold, yet
agents don't share these facts with their
sellers when discussing commission.
Awkward encounters ranged from buyers finding
sellers taking a shower, asleep in the bed, to even the «stalker
sellers» who liked to follow buyers and the
agent all
over the home to see what they thought.
«The companies we do business with, according to those buyers and
sellers, are contacted after their
agent's closing
over 90 per cent of the time.»
So
over and above the fee you pay to the marketing company, or for a mere posting,
sellers will likely have to pay a buyer's
agent to bring a buyer.
What isn't in the listing agreement is advice on if or when the
seller has leverage
over the
agents to reduce that commission, if they choose to accept a lower sale price.
«Market activity reports, neighborhood data, buying and selling tips, home improvement ideas, and even community events offer
agents a chance to communicate both market knowledge and valuable information to potential buyers and
sellers, building a lasting relationship
over time.»
This is the best time to attempt to negotiate a lower commission and the only time that the
seller has leverage
over the
agents to accept a lower commission in exchange for a lower acceptable price and a completed transaction.
New
seller real estate services are increasing like fruit flies, team signs are everywhere, direct mail is
over flowing blue bins, non real estate companies are trying to collect referral fees for leads, regulation bending by real estate
agents is endemic and the major franchisers may soon deploy sophisticated technology to attract clients.
However, neither the
seller nor the buyer as «principals» (masters) of the Realtor ‑ servant (the «
agent») exert any control or supervision
over the daily activities of the Realtor, although they become vicariously liable for the
agent's misconduct (fraud) and neglects committed in the course of the principal's business.
The problem arises, however, when one considers that even though the
agent has control of the proverbial marketing expense accelerator, the
seller retains control
over the brake.
A single
agent can not seek the best interests of both a buyer and
seller negotiating
over the same property.
Once the
agent accepts the investors» negotiating help, the investors talk the
seller into turning
over the deed to them and — in some cases — giving them power of attorney.
Once the sale is
over, licensed
agents are able to review and approve the final offer with the
seller and coordinate the closing with the buyer's
agent entirely online.
The National Association of REALTORS says that nationwide,
over 90 % of
sellers use an
agent.