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The realtors/brokers/bankers all have that appreciating mindset no matter what the economy is. That's there bread and butter. Really, I dislike almost all of them, but there are a few good ones in the mix. I think there personal goodness is extended from being human like us. Just remember that they too have a mortgage to pay too.
There's a root, a trunk, a branch and the result. Everything starts at the root. Even in the banking system there is the same hierarchy. The real crooks are at the roots. Who the hell is calling the shots and playing chess with the American people using us as pawns for their game and sacrificing us to win.
These power brokers must really have a trick up their sleeve.
There are four people in this game.
Seller. Seller's agent. Buyer's agent. You the Buyer.
Only one of these four is bringing money to the party. That would be you, the buyer. The objective of the game is for the other three people to end up with as much of _your_ money as possible.
You do the math.
And yeah, every goddamn real estate agent I have met is a lying whore. All the "rules" they make up are for their own benefit. So factor that into the analysis.
PockyClipsNow
2011 Feb 25, 7:03am
Honest people make terrible salesmen. So you rarely see them in that role.
Thus the problem is structural and permanent.
FortWayne
2011 Feb 25, 7:25am
Ok guys, I give up trying to convince you that all real estate agents aren’t corrupt or evil! They’re aren’t, but I can see your minds are made up. I am not, btw, “employed†by a broker. We are independent contractors who rely on our repuations for referrals. That is how we make a living. Here, anyway, reputation is very important. My license is held with a boutique DC brokerage that would sever a relationship with any agent who DID do the things you suggest in this blog. Marketing is one thing, breaking the rules, laws or acting in an unprofessional manner is another. I wish you all luck and hope things improve for you soon. : )
Susan, people are greedy. Conflict of interest makes it that much easier.
tatupu70
2011 Feb 25, 11:54pm
Robert--
I actually agree with you on this one. It probably would be a good idea to change the way real estate is bought and sold, but my lord. There are like 5 threads devoted to calling realtors various names or detailing how exactly to torture them. I think it's time for some of the posters to grow up.
OUCH. I'm so sorry that almost everyone here has had a bad experience with realtors. I feel your pain as I read through your stories and remarks. However, I always believe there are two sides to a story. ALWAYS.
I'm a realtor and I don't feel that I'm anything near what you guys have describe realtors to be. I also know many, many great realtors with great intentions as well.
I choose this profession because first and foremost, I like people, I like people in general(over all), I do care for people and I tend to stay away from people lack integrity and are shelfish. I like to help people and I'm a giving person. I'm very confident that it's a great profession for me because I feel I'm very qualified to help people, I've been in the business of serving people all my life. I think it's a great match for my passion and my ability. I believe people could benefit from me as a Realtor.
I know and I'm sorry that some of you have been burned by Realtors and car sales People, but please remember that Realtors and car sales mens are people too. Seriously, most are just decent people trying to make a decent honest living. You'll always have a few bad ones that ruin it for the majority of the people, but don't blanket them all to be bad. Most don't deserve it.
I'm not a shelfish person and I believe I have a lot of integrity and I'm a realtor. There are many like me out there. Many that do actually care about people and care about their customers. They work hard to earn your business and keep your business.
Please don't blanket us all as Realtors are bad. We are not all bad. Just a few. -Cathy
FortWayne
2012 Aug 30, 12:42am
Somebody paid 250,000 to live in Lancaster in 2011? Did you fall for that "this is the bottom, buy now or be priced out forever"?
I know this thread is old, but if you haven't bought anything in Lancaster consider yourself lucky. The way that place is now, I wouldn't go there if someone even paid me to live there.
FortWayne
2012 Aug 30, 12:47am
I got my license, partially to help spanish speakers who I saw victimized in the buying process most often by lenders, and partially for my own investment activities.
Rob just be honest about it, you did it because you wanted to buy rental properties without paying a middle man commission. Nothing wrong with it.
Salesmen never "help" people. at the very best they can be neutral, neutral in the way that they could do some of the legwork for you after taking your likes and wants and compiling a list of appropriate products and make them accessible to try out/view. For that work you may pay them a small commission, maybe at a regular hourly rate - that's it. Any other bonuses usually come from the party interested to sell, so maybe the seller can define an additional "sales bonus" if they like, but that is completely optional (as it is for any company selling stuff). Taking a couple % of the price from the buyer AND seller where both don't have any saying and cannot make adjustments (or not pay out at all if the service was unsatisfactory) is just criminal and far from "helping people".
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Patrick,
The realtors in Palmdale and Lancaster are back to their old tricks. They have driven prices up 10-40% in some of the nicer neighborhoods over the last year. I think we have missed the bottom and prices are skyrocketing here faster than 2004-2006.
But, I just have to tell you about the experience we had with a realtor while looking for houses during the last year or more.
We have been looking for a newer 4bd, 2ba house on a large lot to live in for over a year now.
Early on, we made an offer on a house and lost out to another buyer that was represented by the listing agent and I felt the listing agent was very aggressive and less than honest with us as the competing buyer. I thought that we needed somebody like her to be on our side to find us a house. We talked to her and she said she would find a foreclosure that we liked and get the owner to let her list the house for a short sale. She said that she would offer the homeowner $2,000 to let her list their house. After a while she only was able to get one listing so we just continued to look for listings from other agents.
Over the year, I kept telling this realtor that I wanted to get a good price for all cash on a house. She argued with me, saying that I was being unreasonable and unrealistic about prices. All she ever told us about during the last year were houses at the comp price and nothing that was a good value. I was the one who found 4 houses that we liked and we made offers on only to lose out to higher bidders.
Recently, a house at 42521 36th street W., Lancaster 93536 came on the market at $200,000 and I knew it was way under priced, so I called our realtor to show it to us. She said she was busy and could not show it to us. At that point I should have called the listing agent to show it to us, but felt some type of misplaced loyalty to this agent and did not want her to miss out on the commission. Well the house sold in quickly to an investor for $247,500 cash. A couple of days after it closed, that house was listed back on the market for $350,000. Now our agent emailed the listing to me and wanted to show it to us. In the email she had the nerve to say tell me jokingly, “The house just sold and now those bastards are trying to screw you again:), but it is still a good price at $350,000â€.
I replied to her email that she was fired and here is the part that just kills me.
She responded to me saying that she had already known about the house on 36th when I called her and that she had shown it to other clients. After all of this time, I thought that she would have shown me the same loyalty that I had shown her and I would have been the first person that she would show it to or at least get a shot at it. So much for trust and loyalty on my part to a realtor.
I also found out that during all of this time, that her mother had been buying houses at trustee sales and she would list the houses for $100,000 more than they were purchased for. Every time I see a house listed with the broker that this realtor is working for, the asking price is around $30,000-50,000 higher than the last comp for the area. This partially explains why she would never show me any houses that were below market value. FYI - The sale for $250,000 was to some other investor not her mom.
I just feel like the whole real estate industry full of dishonest people and is rigged against the buyer. I have better odds of finding an honest salesman at a used car lot or hitting it big in Las Vegas than I do of finding an honest realtor.
Sorry everybody for rambling on, but I just cannot believe I was so trusting, stupid and naive with this realtor.
Note by Patrick: the first comment below was just an insult so I deleted it.
#housing