Al and Cal Homes and Community: It is ALWAYS your Choice Who To Use As Your Realtor

It is ALWAYS your Choice Who To Use As Your Realtor

It is ALWAYS your Choice Who To Use As Your Realtor

I received an email today from someone I care deeply about.     She tells me that she is sorry.   She saw a home on line, and sent an email inquiring about an open house.    The broker was at the property and why doesn't she come on down.    Well, they did, and needless to say fell in love with it.   

Her email told me that she had to move quickly and prequalify through the listing agents mortgage people or they would lose the home.    They are signing P&S today.   choice

She tells me that she is sorry,  that they didn't have a choice!     I have not, nor will I ask for details.    I don't want to rain on their parade, but... 

You always have a choice. 

Clearly they didn't have representation.      Did they know they should have?     Did they know they could have?      You know I won't know.   I suspect they knew exactly what they were doing or got so caught up in the emotion of it that they acted hastily.

If you are buying a home, you should always have representation!    I can't think of many, really, any exceptions.    Especially in the situation I have described above.   I've been in the business for 24 years.   If I were buying a home, I would get an agent, someone other than myself.   It is just that important!

Buying a home is an emotional purchase.    I don't know many people that act rationally when emotions are involved.  

Because you are family or friends, do you have to use me?   No. 

You always have a choice in who to use as your Realtor!    But do make a choice!  

The listing agent works for the Seller.   That means their obligation is to them.  Literally.  Their job is to get the best deal for the Seller.         Just because they are friendly, nice and smiling, doesn't mean that your best interests will be theirs!    

Will you lose the home because you have an agent?    Will you get a better deal without someone representing you?     I highly doubt it!     Don't go it alone or fall prey to the listing side because they tell you that you must act quickly!    Pick up the phone.    Hire a Buyer's Agent.   It doesn't cost you a dime and you know what?   It is expected!

Acting in the best interest of your family would be leveling the playing field and getting someone to work for YOU!

 

 

Carol-Ann Palmieri

Al and Cal Realty Group

Remax Executive Realty

www.AlandCal.com

 

Cal@AlandCal.com

 

508-494-9061

 

Comment balloon 50 commentsCarol-Ann Palmieri • December 22 2011 09:05AM

Comments

Carol yuu are 100% on line with your post!

Posted by Joe Jackson, Clintonville and Central Ohio Real Estate Expert (Keller Williams Capital Partners Realty) almost 7 years ago

Carol Ann: The fact she emailed to say she was sorry tells me she knew what she was doing.  It really can't be said enough...buyers should seek out a Realtor and get their own representation.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 7 years ago

Carol-Ann, just wrote about the same experience yesterday.  In my case, they found a house on the internet not in the area they requested from me, and they hired their attorney to do all the paperwork!  Obviously the attorney was not the one who showed them the house, sold them on the house or whatever else was exchanged.  Loved this post, we need to educate the public more.

Posted by Ellie Penaranda, Naples Florida Real Estate - Waterfront & Beach Co (239.776.5077 Downing-Frye Realty ) almost 7 years ago

Cal....Emotions make us all act and do things we normally wouldn't if we really stepped back from the situation and thought about it for a while .....sorry those happened to you.

Have a great day!

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) almost 7 years ago

Carol Ann, tough to get an email from a friend or family announcing their purchase and you feel sad for a multiple of reasons, but more so because you hope they didn't get taken advantage of.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) almost 7 years ago

Carol Ann.....you'll be bailing that friend out in the future.....she probably paid top dollar and I hate to think of other home inspection issues that she'll be living with..... be patient..... you'll be doing a short sale in the future....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) almost 7 years ago

Terrific post Cal, that happens to all of us no matter how much we try to educate our friends, family and other contacts. True that having someone knowledgeable represent your interest is very inportant.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales (Ocean View Realty Group in Ormond By The Sea Florida) almost 7 years ago

Hi Joe.  Thank you!

 

Hi Anita.   That is what I think too!   

 

Hi Ellie.    Yes we do.    I have a feeling they thought they would lose the house if they called in someone.   They were told they had to pre qual through the listers guy and there were other offers on the house.     For that reason alone, they should have a had representation.   

 

Thank you for reading and commenting! 

 

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

Hi Rob.   Like whipping off an email or something!...LOL.   Thank you!

 

Hi Ed.   I could be wrong, but I feel they were taken advantage of.  

 

Hi Barbara.   Can you see this big smile on my face?    LOL.

 

Hi Al.    Another day in the life.     Lesson learned.    Again.

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

Carol Ann,

The old false create a sense of urgency rountine. I had a case just  a few weeks ago where I had an appointment to show homes and my potential clints fell for the nonsense of a lease home had to go through the listing agent as that was the method to get credit approval. Total hog wash. Your case is no different. When are folks gong to realize the listing agent in any State in the US represents the seller and NOT YOU!. Plain and simple as this is not rocket science. I will state it like this you will NEVER get a better deal by not having your own Realtor! HERE IT IS BUYERS SIGN THIS CONTRACT NOW WITH ALL THE TERMS MY SELLERS WANTS AS THIS HOME MAYBE SOLD TO 10 OTHERS WHO ARE WAITING IN LINE. Really as we all know there are numerous other homes avaiable taht we can show our clients and negoitiate a good deal for them.

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 7 years ago

Hi Carol Ann,  I think I would have offered to review the terms of the transaction.  If they were coerced in some way you might be able to clarify some issues.  Have a terrific  Holiday Season !

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) almost 7 years ago

We have all had this unfortunate experience. We can't stress to the public enough to get their own representation.

Posted by Sibley Poland (RE/MAX Stars Realty) almost 7 years ago

Carol Ann...as a buyer's agent you know how  much this bothers me!!  She had a choice but I get the impression that maybe the listing agent pressured them into thinking they did not have a choice.  Why on earth would they have to qualify through the listing agent's mortgage company or risk losing the home?  I know good lenders who could prequalify them right away....as I am sure you do as well.  I wonder if the agent at the property properly disclosed to them who he represented & had them sign the Mandatory Licensee Disclosure?  Sorry...my comment is taking on a life of its own!

Posted by Christine Smith, Exclusive Buyer Agent & Attorney, Canton, MA (Buyers Brokers Only LLC - www.BuyersBrokersOnly.com) almost 7 years ago

Sorry to hear you lost out on this one.  I agree with the other comments - it is foolish to rush into something on the basis of a false urgency--or even a real urgency.  As the old saying goes; "Act in haste, repent at leisure".

Posted by Chris Lewis, I want to SELL your home, not LIST it! (Gracious Living Realty) almost 7 years ago
Hi Bob. Perfectly said! The "old hurry up before it's too late" card! Thank you!
Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago
Hi Bill! That would have been a nice thing of me to do. I didn't think of it! Right back at you!
Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago
Hi Sibley. We do need to make this known in a better way I guess. Thank you. Hi Christine. Funny, I thought of you when this happened and wondered what you would have to say. Thank you for chiming in!! Hi Chris. It's such a big purchase. That's a great saying. Thank you.
Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

Carol Ann,

Congrats on the featured article. You deserve it and I voted for your blog...

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 7 years ago

Congrats on the feature sweetie. You bet they had a choice. That frosts me up one side and down the other. A lack of loyalty is a character flaw in my book. :)

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) almost 7 years ago

It just happened with one of my client last week.

We got to be very careful. When your buyer goes to his mortgage agent that is the time where he/she tries to exploit the situation.

End result is, brief thoroughly your buyers, have a representation in place and let them know you can also assist them in mortgage financing. Tell them what to say when they meet another agent (or mortgage broker) at open house.

Posted by Sham Pathania (Zolo Realty, Brokerage) almost 7 years ago

Sorry you missed out on the sale, but even more sorry that this person you are close to missed out on being represented by you.

Posted by Natalie Tarrant (RE/MAX Little Oak Realty) almost 7 years ago

Oh wow Carol Ann, it is a misstep by the consumer when they do this and don't think ...especially because many listing agents will say that they have another offer coming in & the buyers better buy it now (it seems that this happens when buyers are unrepresented)...lo & behold they pay asking price.  It has happened to all of us...we just move on don't we!  I'm sorry for them...

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) almost 7 years ago

Talk about getting sold. Why specifically did they have to move quickly? It only takes a second to call an agent you know and trust to represent you.

Posted by Victor Zuniga (Berkshire Hathaway Home Services California Properties) almost 7 years ago

Now that's getting the cold shoulder the hard way.  I'd sit back and see if the sale actually goes through.  She could have called you before leaving for the open house.

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) almost 7 years ago

That's got to be so disappointing to you to have the friend deal directly with the listing agent. The friend's email sounds defensive to me, too. Your post is appropriate because some folks may not realize they could have taken their own agent with them, so it's good to let the public know. Their own representation is up to them and no one else.

Gretchen

Posted by Mel Ahrens, MBA, Kelly Right Real Estate, Customized Choices for your Real Estate Needs (Kelly Right Real Estate) almost 7 years ago

Ouch! That hurts! Poor judgement on her part. I do wonder whether the other agent disclosed that she represented the seller. Why would anyone feel they have to use the listing agent's mortgage people. I wonder what kind of deal the listing agent put together.

Hope you have a good holiday and a happy, healthy, peaceful New Year!

Posted by Nina Rogoff, Sells Real Estate! (RE/MAX Executive Realty) almost 7 years ago

It is so disappointing when this happens! I was getting somewhat complacent myself about being in touch with my sphere and would you believe it happened to me too! It happened just this summer! Must keep on top of these things! Merry Christmas!

Posted by Rosalie Evans, The Evans Group, Sioux Falls, SD Homes For Sale (Meritus Group Real Estate) almost 7 years ago

I completely agree with Robert and Bill comments #10 & #11. There has to be some way to make buyers aware that across the country in every state the listing agent represents the seller. What's the biblical quote " A man cannot serve two masters".

Posted by Nancy Laswick, Your REALTOR® For The Valley Of The Sun (United Real Estate) almost 7 years ago

Very disappointing, I'm sympathetic. I don't think dual agency is a good idea in most circumstances. 

But the fact that you care deeply for this person isn't important. If this person was in your sphere as a potential buyer, she should have been educated ahead of time on the importance of representation. 

Posted by Leslie Ebersole, I help brokers build businesses they love. (Swanepoel T3 Group) almost 7 years ago

I just had one happen to me recently. So I know how that feels. Just like you said these buyers got caught up at the moment. Thinking they got a great deal. Buyers should be educated of how important it is to have a representation.

Posted by Grace Balanquit (RE/MAX Real Estate Services) almost 7 years ago

I had a guy call me this week as he searched the internet and found our site, found a house he liked our MLS search,asked me to show him the home, then told me he was going to call a realtor to represent him. He thought the home was my listing. I had to explain it was not my listing. WE wrote an offer tonight.

Posted by Mike Dobbins, Scottsdale, Cave Creek, Carefree (West USA Realty) almost 7 years ago

I wished I could hit the "Like" button after every second. You're right on your gut feeling. They knew exactly what they were doing but they chose to put their emotion in their way.

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.) almost 7 years ago

Hi Bob.   Thanks!  You are the best!

 

Hi Debb.  That made my day!   '

 

Hi Sham.  You are right.   It actually falls back on me.    Thank  you!

 

 

Hi Natalie.   That was nice.  Thank you!

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

Hi Ginny.    I believe they did feel pressured, and they loved that house.   It worked!  On to the next.   Thanks.

 

Hi Victor.    They loved the place.    They could have called.    Better education on my part is needed.   Clearly.

 

Hi Kay.  Plenty of opportunity to pick up the phone.    Thanks.

 

Hi Gretchen.    I agree that it was defensive.    It's on me to get them to understand they won't lose by having representation.

 

Hi Nina.   I don't know.    Back at you girl.   P.S.  Thanks for the heads up on that other thing!

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

Hi Rosalie.  I agree.   Merry Christmas!

 

Hi Nancy.   I just can't believe in this day and age, someone can do that!    Thank you.

 

Hi Leslie.  I agree.    Thank you.

 

Hi Grace.  I guess it has happened to a lot of us.    I'm in good company.   Thank you.

 

Hi Mike.   I could see that happening.   Thank you.

 

Hi Loreena.   Thank you!   I appreciate your support!!!

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) almost 7 years ago

I understand how senitive a subject such as you describe is -- there are a couple of questions that I wonder about, did you have a buyer brokers agreement, also did the other agent that made this sale inquiry about your clients having representation?

I am a fan of buyers brokers agreements, friend, family, or stranger, I do not leave home without one. Happy Holidays.

Posted by Anonymous almost 7 years ago

Hey Cal-sorry to hear about that story, been there myself. Have yourself a very Merry Christmas!

Posted by Marco Giancola, Realtor (305)608-1922, Miami Beach Florida (Beachfront Realty) almost 7 years ago

Here's the key to the situation and it's a direct quote from your post: Buying a home is an emotional purchase. I don't know many people that act rationally when emotions are involved.  They got caught up in the moment and forgot any rational knowledge they may have had about buyer's representation. My guess is that you'll be "counseling" her in the months to come as she's going to be at the mercy of the seller's agent. She'll definitely be a client of yours at some point in the future.

Posted by Charlie Dresen, Steamboat Springs, CO e-Pro (Steamboat Sotheby's International Realty) almost 7 years ago

Good morning Carol Ann,

Congratulations on the featured post..well deserved. We have all been there at one time or another in our real estate careers. I'm sorry this happened and know it is disappointing to you. The important thing to do is learn from this occurrence..could you have done anything differently? Did you have a buyers agency agreement with them? Were you actively in the process of showing them homes? Was this home located in an area not mentioned to you? Where you in constant communication with them or were they just begining process or not serious yet? There maybe wasn't a thing you could have done as they got caught up in the moment..but it might be worth while to ask those questions to see if with a future client this situation could be avoided. Thanks for the great post and I wish you and your family a very Merry Christmas and best for a fantastic 2012!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) almost 7 years ago

My questions that I have for your freind is why did they have to move quickly and why did they have to use a certain lender? I'm thinking "kick back".

Posted by Rob D. Shepherd, Principal Broker ABR, GRI (Windermere/lane county) almost 7 years ago

Carol Ann, I could not agree with you more.  Buyers should definitely seek their own representation as things can get very complicated otherwise.  For the sake of your friends, I hope this turns out well.

Posted by Lisa Dunham, Associate Broker, Alexandria Virginia Real Estate almost 7 years ago

Carol Ann: GREAT post!! EVERYone has the right to representation. You are right! It is expected.

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (Berkshire Hathaway Home Services - Anderson Properties) almost 7 years ago

Cal gal, just came back to wish you a Merry Christmas. It's a delight getting to know you in the Rain. You are a quality person and someone I really appreciate. Here's to 2012. :)

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) almost 7 years ago

CAROL ANN,

I AM JUST STOPPING BY TO LEAVE THIS MESSAGE:

CHRISTMAS GREETINGS FROM KATY TEXAS TO ALL MY FAMILY, FRIENDS,  ACTIVE RAIN FRIENDS, CLIENTS,

REALTOR FRIENDS, COLLEAGUES AND ANYONE ELSE WHO IS READING MY BLOG OR RECEIVING COMMENTS

 

LET ALL OF TAKE SOME TIME TO SAY THANKS TO THE LORD FOR ALL HE HAS GIVEN EACH OF US.

LET US ALL REMEMBER TO PRAY FOR ALL THE BRAVE SERVICE MEN AND WOMEN WHO ARE ON DUTY SERVING ALL OF US.

I BELIEVE WE ALL SHOULD PRAY FOR ALL FOLKS WHO ARE SICK, HOMELESS, ALONE, ABUSED, ELDERY AND SHUTINS,

PEOPLE WHO ARE HUNGRY EVERY DAY OF THEIR LIVES.

ALL OF US FORTUNATE ENOUGH TO BE SURROUNDED BY FAMILY PLEASE TAKE THE TIME TO HUG AND TELL EACH OF THEM YOU LOVE THEM.

HAVE A FANTASTIC DAY AND HOLIDAY SEASON

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 7 years ago

Carol, congrats on the feature (I know I am late...)

I have saved your post - and will use it for few of my buyers who think....(forget it...)

Hope to see you at our next ActiveMeetUp in Spring.

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) almost 7 years ago

As a licensed broker and attorney, I definitely would not get another agent when personally engaging in the purchase or sale of property.  That said, it appears that your "clients" were railroaded by the listing agent. 

Posted by Former Agent (None) almost 7 years ago

Caron-Ann - I think many people don't understand agency and don't understand their options.

Posted by Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M (Donovan Blatt Realty) almost 7 years ago

Cal,

Happy Holidays to you and your family. Have a great day.

Happy Holidays to you and your family.  Have a great day.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales (Ocean View Realty Group in Ormond By The Sea Florida) almost 7 years ago

Merry Xmas

Posted by Curtis Van Carter, Your Napa Valley Broker Extraordinaire (Better Homes & Gardens Wine Country Group) almost 7 years ago

Sad that they psyched out your buyer to buy without representation and made them feel they were going to lose out.  This is why it is so important that we try and educate as many buyers as possible so that they understand that having a buyers agent is the best decision they can make!

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) almost 7 years ago

Participate