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Strange Buyer Agent behavior
My wife and I have been looking at homes for a month or two by
internet searching and neighborhood drives. We knew it would be easier to take on a specific agent on our behalf, but we were interested in finding FSBOs which are easier found without an agent. We were basically calling the listing agent of each property. Finally, we found a house we might be interested in and met with the listing agent. After we got an idea of his personality and ethic, we decided that even if we don't like his listing, we'd let him find us something. No agreements were signed, he simply asked that if he puts some time into finding a property, that we let him take his half commision (in quite a long drawn out speech about loyalty and good service etc... Of course, what do we care who actually gets the commission so we agreed. Well, we actually did consider his listed property. There was an urgency for the sellers to sell and we told the agent that we were coming in the following day with an offer. Well, overnight we decided to pass on this property and called the agent the following morning. He said, "no problem, we'll continue to look for new properties and I'll be sending them via email as I find them". We even armed him with a full sheet of needs, wants, and such. Well, we never heard from the guy again. I just find this behavior odd.. especially since we were extremely strong buyers (able to put 20% down, no sale of previous home contingency, etc). His loss. We eventually found our dream house via another agent who persistantly emailed listings. Bob |
#2
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Strange Buyer Agent behavior
"Drummer of The Vibe" wrote in message om... My wife and I have been looking at homes for a month or two by internet searching and neighborhood drives. We knew it would be easier to take on a specific agent on our behalf, but we were interested in finding FSBOs which are easier found without an agent. We were basically calling the listing agent of each property. Finally, we found a house we might be interested in and met with the listing agent. After we got an idea of his personality and ethic, we decided that even if we don't like his listing, we'd let him find us something. No agreements were signed, he simply asked that if he puts some time into finding a property, that we let him take his half commision (in quite a long drawn out speech about loyalty and good service etc... Of course, what do we care who actually gets the commission so we agreed. Well, we actually did consider his listed property. There was an urgency for the sellers to sell and we told the agent that we were coming in the following day with an offer. Well, overnight we decided to pass on this property and called the agent the following morning. He said, "no problem, we'll continue to look for new properties and I'll be sending them via email as I find them". We even armed him with a full sheet of needs, wants, and such. Well, we never heard from the guy again. I just find this behavior odd.. especially since we were extremely strong buyers (able to put 20% down, no sale of previous home contingency, etc). His loss. We eventually found our dream house via another agent who persistantly emailed listings. Bob Maybe he lost your e-mail address?Maybe his briefcase with all his contact info was stolen along with his car? Maybe he had a stroke or heart attack or died? Then again, maybe you were better off without him? |
#3
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Strange Buyer Agent behavior
On Fri, 22 Aug 2003 14:59:27 -0500, "Bill Houston"
wrote: Maybe he lost your e-mail address?Maybe his briefcase with all his contact info was stolen along with his car? Maybe he had a stroke or heart attack This is not to far fetched. The builders representative (resident selling agent) had the documents with all of the information regarding our selections of color, appliances, changes to the basic floor plan and additional features in his brief case. We got a call from him telling us that the brief case had been stolen from his car the night the documents prepared and had to reconstruct al of our changes and selections the following weekend when we returned to the area (We were selling a house in one state and moving to one five states away.) Several cars on the street where he lived were broken into and he had a news paper report and a police report of the incident in his office! |
#4
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Strange Buyer Agent behavior
On 22 Aug 2003 09:33:55 -0700, someone wrote:
My wife and I have been looking at homes for a month or two ... etc etc Well, we never heard from the guy again. I just find this behavior odd.. especially since we were extremely strong buyers (able to put 20% down, no sale of previous home contingency, etc). His loss. We eventually found our dream house via another agent who persistantly emailed listings. Well, I don't see what the big deal is. BTW you are nothing special as a buyer, a LOT of people have those basic quals, maybe you are fooled because subprimes get a lot of publicity (or maybe you are just self-absorbed). Around here, a strong buyer is one with no *mortgage* contingency, never mind your 20%, that's just the minimum for a normal conforming, loan. I have never bought with less than 20%, its not so special. You told the guy you were gonna make an offer, you backed down, and he didn't bother with you for long after that. SO WHAT. There are many agents (you found another) and many people in the market. He may think *you* were behaving oddly for not putting an offer in on what he thought was a wonderful property, especially after saying you would. Really you are not all the cats meow that somebody is behaving oddly not to bother with you. SO WHAT. You can feel satisfied that it was his loss, since you did get a house through another agent. Isn't that enough? What answer do you want? Get over it. -v. |
#5
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Strange Buyer Agent behavior
"Drummer of The Vibe" wrote
My wife and I have been looking at homes for a month or two by internet searching and neighborhood drives. We knew it would be easier to take on a specific agent on our behalf, but we were interested in finding FSBOs which are easier found without an agent. We were basically calling the listing agent of each property. Finally, we found a house we might be interested in and met with the listing agent. After we got an idea of his personality and ethic, we decided that even if we don't like his listing, we'd let him find us something. No agreements were signed, he simply asked that if he puts some time into finding a property, that we let him take his half commision (in quite a long drawn out speech about loyalty and good service etc... Of course, what do we care who actually gets the commission so we agreed. Well, we actually did consider his listed property. There was an urgency for the sellers to sell and we told the agent that we were coming in the following day with an offer. Well, overnight we decided to pass on this property and called the agent the following morning. He said, "no problem, we'll continue to look for new properties and I'll be sending them via email as I find them". We even armed him with a full sheet of needs, wants, and such. Well, we never heard from the guy again. I just find this behavior odd.. It is. If the guy fell ill, you'd think his colleagues in his company would make sure his "clients" were taken care of. If they didn't have the decency to do this, particularly given their experience with this life-changing event for so many people where they may wait by the phone for any of various details of a home search and purchase, then it's a poorly run company. If some unexpected calamity did not befall this guy, then he's a poor agent. As someone else said, overall, it's probably best the relationship did not continue. Chalk it up to experience with the real estate business. And thanks for sharing it. FYI, I've met more than one jerk agent in my life. I'd say it's about 50-50 jerks vs. pros. especially since we were extremely strong buyers (able to put 20% down, no sale of previous home contingency, etc). His loss. We eventually found our dream house via another agent who persistantly emailed listings. |
#6
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Strange Buyer Agent behavior
"Drummer of The Vibe" wrote in message
om... No agreements were signed, he simply asked that if he puts some time into finding a property, that we let him take his half commision (in quite a long drawn out speech about loyalty and good service etc... Of course, what do we care who actually gets the commission so we agreed. Well, we actually did consider his listed property. There was an urgency for the sellers to sell and we told the agent that we were coming in the following day with an offer. Well, overnight we decided to pass on this property and called the agent the following morning. He said, "no problem, we'll continue to look for new properties and I'll be sending them via email as I find them". We even armed him with a full sheet of needs, wants, and such. Well, we never heard from the guy again. I just find this behavior odd.. especially since we were extremely strong buyers (able to put 20% down, no sale of previous home contingency, etc). His loss. Extremely strong? No. Extremely strong is cash in a briefcase. Your 20% DP just means you avoid PMI and the seller couldn't care less. No contingency just brings you equal with every other buyer. His behavior wasn't odd at all. The moment you backed out he knew you were a waste of time and probably would have been a high maintenance buyer. Successful agents are like professional poker players. You have to know the tells. He read your tells and folded. Smart move. Do you know why? The backing out is like standing on your chair excited about the great hand you're holding -- a huge tell only missed by desperate, inexperienced or masochistic agents. |
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