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House hunting experiences so far

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House hunting experiences so far

Old 03-10-2009, 06:31 PM
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Default House hunting experiences so far

so far I have come to a few conclusions, and made a few more observations. these are in no particular order.

1. If you mention that a home has a garage, show a picture of it in the listing. Also, don't call a carport a garage or a garage a carport. Also, show the back yard, and any other outdoor features that you mention in the add.

2. Real estate agents that don't have a direct link to their listing suck. If I ride by a house, and see your sign out front, I should be able to go on your site without weeding through every other agent in the states listings too.

3. I've had a ton of people recomend to me to meet with a buyer agent. I've been in contact with 3 differient ones, and they only seem to be able to give me a list of houses that I have already found online myself, and then throw in that they want me to sign a contract saying that if I buy one of these houses that I will go through them. Sorry, but that's not how I conduct business. You are going to have to do a bit more work up front than to copy and past website links for me to sign my name on anything.

4. If you are going to go to the trouble of taking a picture to post online, do it with a camera of slightly better quality than your cell phone.
Old 03-11-2009, 08:04 AM
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autobaun70,
Let me see if I can help you some. 1st off Real Estate is local, you need to find a reputable local realtor to deal with. This goes directly to your #3 comment. If you are not willing to work with them, why should they work with you?

The garage/carport thing happens quite often when a third party source pulls data from a local MLS. Not all the data fields match, same thing with pictures. Some third party only allow so many pictures.

Hope it helps.
Old 03-11-2009, 10:19 AM
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How about this.....real estate agent listed the wrong address for an open house! Our road is divided by an intersecting street. Our half is xxxx Extension and the other is xxxx Street. They listed my house and I had people walking up to the door and walking right in! One couple even went as far to give me an offer!
Old 03-11-2009, 10:32 AM
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Originally Posted by Jay A View Post
How about this.....real estate agent listed the wrong address for an open house! Our road is divided by an intersecting street. Our half is xxxx Extension and the other is xxxx Street. They listed my house and I had people walking up to the door and walking right in! One couple even went as far to give me an offer!
Now THATS funny!! So when are you moving Jay??
Old 03-11-2009, 10:49 AM
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Originally Posted by chuck1 View Post
If you are not willing to work with them, why should they work with you?

Because they are also selling agents for someone, somewhere. It doesn't make a rat's ass difference what the selling agent thinks -- they have a contractual obligation to sell the houses they have listed -- with or without any contract with a specific buyer.
Old 03-11-2009, 11:02 AM
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Originally Posted by chuck1 View Post
autobaun70,
Let me see if I can help you some. 1st off Real Estate is local, you need to find a reputable local realtor to deal with. This goes directly to your #3 comment. If you are not willing to work with them, why should they work with you?

The garage/carport thing happens quite often when a third party source pulls data from a local MLS. Not all the data fields match, same thing with pictures. Some third party only allow so many pictures.

Hope it helps.
The 2 of the 3 that I have spoken with the most are by all accounts reputable. What's bugging me, I took the time to write down a list of specific things that we did and did not want. Even after doing that, they all are sending me what appears to be a google search. My thinking on it was it was there job to take the time to ask the questions to weed out the undesirable ones. My biggest turnoffs are stuff like a tiny garage, looking like the house next door, no back yard privacy, and slab construction. Me, as a sales rep, would at least take the time to do some research on each specific property that I was going to present to a potential buyer. I don't sell real estate, but I do work on straight commision, so I guess to a point I do hold the bar high. My big thing, if someone wants get several thousand $ because I spent some money, they need to do so on my terms. Granted there are certain aspects that I can't control, but for the money at stake here, surely they can take the time to do a little research & investigate things a bit. Otherwise, if I am the one to do the reasearch & make the appointments, their lack of imput should be reflected in the final sale price.
Old 03-11-2009, 11:16 AM
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Originally Posted by autobaun70 View Post
The 2 of the 3 that I have spoken with the most are by all accounts reputable. What's bugging me, I took the time to write down a list of specific things that we did and did not want. Even after doing that, they all are sending me what appears to be a google search. My thinking on it was it was there job to take the time to ask the questions to weed out the undesirable ones. My biggest turnoffs are stuff like a tiny garage, looking like the house next door, no back yard privacy, and slab construction. Me, as a sales rep, would at least take the time to do some research on each specific property that I was going to present to a potential buyer. I don't sell real estate, but I do work on straight commision, so I guess to a point I do hold the bar high. My big thing, if someone wants get several thousand $ because I spent some money, they need to do so on my terms. Granted there are certain aspects that I can't control, but for the money at stake here, surely they can take the time to do a little research & investigate things a bit. Otherwise, if I am the one to do the reasearch & make the appointments, their lack of imput should be reflected in the final sale price.
I have found that buying agents are near useless. They might be a good idea for a first time home buyer but that's about it IMO. Next house I buy I plan to do all my own research and work with the selling agent. You can immediately knock off 3% right there. I might think about working with one for .5 to maybe 1% but definitely not 3%.
Old 03-11-2009, 11:22 AM
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Originally Posted by Eyeball View Post
Because they are also selling agents for someone, somewhere. It doesn't make a rat's ass difference what the selling agent thinks -- they have a contractual obligation to sell the houses they have listed -- with or without any contract with a specific buyer.
Eyeball,

Not sure what you are saying here. A buyers agent and a sellers agent are two different things. What does a sellers agent have to do with it?
Old 03-11-2009, 11:24 AM
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Originally Posted by autobaun70 View Post
The 2 of the 3 that I have spoken with the most are by all accounts reputable. What's bugging me, I took the time to write down a list of specific things that we did and did not want. Even after doing that, they all are sending me what appears to be a google search. My thinking on it was it was there job to take the time to ask the questions to weed out the undesirable ones. My biggest turnoffs are stuff like a tiny garage, looking like the house next door, no back yard privacy, and slab construction. Me, as a sales rep, would at least take the time to do some research on each specific property that I was going to present to a potential buyer. I don't sell real estate, but I do work on straight commision, so I guess to a point I do hold the bar high. My big thing, if someone wants get several thousand $ because I spent some money, they need to do so on my terms. Granted there are certain aspects that I can't control, but for the money at stake here, surely they can take the time to do a little research & investigate things a bit. Otherwise, if I am the one to do the reasearch & make the appointments, their lack of imput should be reflected in the final sale price.
I have to agree with you does not sound like they are working as true buyers agents.
Old 03-11-2009, 11:26 AM
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Originally Posted by abeal2 View Post
I have found that buying agents are near useless. They might be a good idea for a first time home buyer but that's about it IMO. Next house I buy I plan to do all my own research and work with the selling agent. You can immediately knock off 3% right there. I might think about working with one for .5 to maybe 1% but definitely not 3%.
The selling agent has a fiduciary responsibility to the seller. He has no responsibility to you. The purpose of a buyer's agent is to have someone representing you. What you're saying is the equivelant of being on trial for a crime and saying, "Forget a lawyer, I'll work with the prosecuting attorney."

Second, you're not knocking ANYTHING off the commission by working with the selling agent. If you buy a house from the listing agent, the only difference is, they get the full 6% instead of giving 3% to your buying agent.

As to autobahn's other complaints, some of them are valid complaints and it sounds like the agents he worked with are not doing a good job of asking him what he really needs and listening to his answers.

But the remark about how they're giving him the same listings he found on the web... do you think they have a secret Realtor's stash of homes somewhere? You're likely using the consumer version of the same database they are using. Why would you expect different results?

As for pictures, almost all listing sites limit the number of pictures you can show. My Realtor friend told me that because of this, she almost never shows a garage pic because most people don't care. And she says, most garages are a pig sty.
Old 03-11-2009, 11:29 AM
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Here's another one:
If you are looking at a property online and the only photos are of the interior, the place is a shithole.
Old 03-11-2009, 11:31 AM
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Originally Posted by abeal2 View Post
I have found that buying agents are near useless. They might be a good idea for a first time home buyer but that's about it IMO. Next house I buy I plan to do all my own research and work with the selling agent. You can immediately knock off 3% right there. I might think about working with one for .5 to maybe 1% but definitely not 3%.
Not sure how you are going to knock off 3% unless you are a licensed real estate agent acting as your own buyers agent, by working only with the selling agent. The commission is normally set when a listing created. Yes most listing agreement say they will split the commission with a buyer agent. No buyers agent, no split, so the listing company keeps the full commission.
Old 03-11-2009, 11:33 AM
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oh...my... where to start????

I've been looking for a home some time now.... and I can't even start to mention the crap you found when researching a home...
Old 03-11-2009, 11:34 AM
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He is saying he can knock 3% off because if the realtor really wants to sell the place he or she will agree to take a 3% portion instead of the full 6% if no other realtor is involved. Lets face it, they planned on getting the 3% from the start, so whats it matter? Their greed in this case could cost them a sale, but I am sure that happens everyday.
Old 03-11-2009, 11:39 AM
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When we were younger we were looking at houses in DC and the surrounding area. I found that "walking distance to the metro"......could be a 5 mile walk. "walking distance to the metro" in the district could mean a 40 minute walk through a gun riddled neighborhood.
Old 03-11-2009, 11:42 AM
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Originally Posted by Johnshan View Post
He is saying he can knock 3% off because if the realtor really wants to sell the place he or she will agree to take a 3% portion instead of the full 6% if no other realtor is involved. Lets face it, they planned on getting the 3% from the start, so whats it matter? Their greed in this case could cost them a sale, but I am sure that happens everyday.

Sorry I have to disagree with you on this. The commission is set when the listing agreement was created. It has nothing to do with greed. If one realtor has to do all the work they are going to get all the commission.
Old 03-11-2009, 11:47 AM
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Originally Posted by Tuna Colada View Post
If you are looking at a property online and the only photos are of the interior, the place is a shithole.

Or vice versa, if all of the pictures are of the exterior, then the place is also a dump.
Old 03-11-2009, 12:04 PM
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Originally Posted by chuck1 View Post
Sorry I have to disagree with you on this. The commission is set when the listing agreement was created. It has nothing to do with greed. If one realtor has to do all the work they are going to get all the commission.
if all they have to do however is show the thing to you, and draft the sales agreement, that to me doesn't sound like all the work. Granted it is more work that just acting as the selling agent, but not twice the work.
Old 03-11-2009, 12:07 PM
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Originally Posted by Johnshan View Post
He is saying he can knock 3% off because if the realtor really wants to sell the place he or she will agree to take a 3% portion instead of the full 6% if no other realtor is involved. Lets face it, they planned on getting the 3% from the start, so whats it matter? Their greed in this case could cost them a sale, but I am sure that happens everyday.
Makes no sense. The commission rate is between the seller and their agent. If a buyer wants to work directly with a sellers agent what do they care what the arrangement is as it comes out of the sellers end.

An offer should not be based on what a buyer thinks they can get kicked back from the sellers agent, but what they feel the house is really worth.
Old 03-11-2009, 12:11 PM
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Originally Posted by Just1more View Post
Now THATS funny!! So when are you moving Jay??
The agent felt bad and gave me a gift certificate for dinner at an exclusive place in town. But now I get mailings & phone calls from his company from time to time asking if I'm interested in selling!

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