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Thanks to Realtors screwing up their own tools through MLS, the Board of Directors of MLS made a change that I am 100% behind!
If you are looking to buy a home, you will see how great this change is. Many times realtors will have an accepted offer on their listing and the seller will sign that offer but the sellers’ realtor doesn’t deactivate the listing in MLS so that they continue to get buyers to call on their listing. According to MLS’ own rules, once a seller signs an offer, the realtor has 24 hours to mark the property status as Under Agreement “UAG” but so many realtors just ignore that rule and MLS doesn’t have the ability to police their own rules so it becomes frustrating for someone like me who is trying to set up showings for buyers only to find out the house has an accepted an offer. Then the realtor says “do you still want to show it?” WTF for! Why would I want to show a house that my buyer can’t buy?! Really?!
So the change will take into effect within a month or so and the change is that one a seller accepts and signs the offer, the realtor must mark the property as under agreement thereby removing it from all the websites. Hopefully this means that Realtors will do this in a timely fashion because we have such an inaccurate inventory level because of those properties that are showing up on websites but cannot be bought.
Finally Finally Finally! A step in the right direction.
My next post will be about multiple offer situations since we are all encountering it nowadays and I will include some tips to make your offer more attractive so stay tuned…..
Well, after all my complaining about how bad realtors are out there, I finally have the pleasure working with a professional!! She gets it! She answers all my questions, she counsels her client, the seller, property, she gets answers for us. She is professional and understands how this works. She understands its a big investment for someone! WhooHoo! Let’s hope this is a turning point and I will get some decent realtors from now on.
On another note of how much I hate realtors, I did a bunch of showings this weekend – I must say, I am still shocked at how little these people know and that they are out there representing people in their biggest life decision! People – do your research – PLEASE
So, after all my BS with the crappy realtors out there, I finally found a great one to work with. We are doing a deal together and she is patient and understanding. She gets how this works and is helpful answering and getting answers to my buyers questions. She is counseling her seller properly! Holy Cow!!
With the daylight savings time change and warmer weather comes the spring real estate market.
I recently went to an open house this past weekend. I could not believe the amount of people who were there for an average house, priced a little high. This house will likely go under agreement with many offers!
Beware of making hasty decisions because you find a home that had many people at the open house. Too often I see buyers wanting to make an offer because they feel like it must be great and that is why everyone is here. It’s only because we have few homes entering the market.
MORAL OF THIS POST: BE PATIENT. A HOUSE CANNOT BE RETURNED IN 30 DAYS IF YOU DON’T LOVE IT
OK. Believe it or not, I actually run into this A LOT.
My client wants to see a home because it is a 3-bedroom house. I set up the showing with the sellers’ realtor and we go to the house. Guess what, it’s only 2 bedrooms! The sellers’ realtor says to me “when the seller bought the house, they wanted a bigger master bedroom so he took a wall down. It’s ok, your buyer just has to put the wall back up”!!! Really? Is this a serious proposal from the sellers’ realtor?!!!!!!
So I say, well, how is this going to appraise when it’s a 2 bedroom? No, it’s a 3 bed she says. I say “well, where is the 3rd bedroom? How will appraiser find the 3rd bedroom? Sellers’ realtor, all flustered, says “well, just write in the offer subject to property appraising”.
Just another example of how bad some realtors are. I have sooooo many issues with how this played out:
1. It won’t appraise;
2. Why should my buyers pay for a 3 bedroom house and yet still have to pay out money to have the wall put back up?
3. How can MLS allow this property to go in as a 3 bedroom when clearly there are only 2 bedrooms.
So, we submit an offer based upon a 2 bedroom house and it gets rejected. Big surprise. House has been on the market for 280 days…..gee, I wonder why!
Even though I am a Realtor in Massachusetts it’s shocking and amazing to me how few real good Realtors there are.
When I first became a Realtor, I would get hurt when I heard people assimilate us to used car salesmen. Now I understand why. If I am seeing the lazy, unethical and corrupt Realtors, I can imagine that regular folk do as well. Well! That is not the case. It’s the heavy hitter in the listing of houses category that are the worse. They don’t return phone calls, emails or texts. They make it impossible to schedule showings of their listings, etc.
I feel bad for some of these sellers out there that don’t know how their Realtor is behaving because if I think the knew, I think they would pull the listings. These list agents promise the moon and don’t even come close to delivering.
As an example, I am trying to set up 6 showings of homes in Westport, Mass., not one single realtor can show the house on the day my client wants to. The schedules are so restrictive and since most people work, the houses do not get shown! These realtors tell their sellers that they will accompany all showings but what they don’t tell the seller is that if the showings conflict with their schedule, then their house doesn’t get shown. HOW CAN SOMEONE TAKE A JOB, PROMISE EVERYTHING, NOT DELIVER AND YET STILL GET BUSINESS!????????