Quote:
Originally posted by arcsine
OldE, I think it has nore to do with the shifting perpectives of RE agents 25 years ago and today. I can easily imagine 25 years ago an agent taking time to listen to your story and be familiar with existing inventory and put the two together.
I do have difficulty imagining an agent today doing the same. In todays RE market, my impression is that if the agent is not actively buying or selling, they are losing money and will not take the time. My last house selling/buying experience was horrendous with all the agents involved being either incompetent or distracted.
I don't understand what "value" agents bring to the table anymore and don't trust them farther than I could throw them.
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The recent RE boom has altered the relationship - nowadays a buiying agent will typically team up with the selling agent to get all parties to overpay for a piece of property. The buying agent (supposed to reperesnt the buyer's best interest) will scare you into bidding as much as possible - not supposed to be that way.
There have been more than a few instances I can remember in the last 6 months where the appraised value CLEARLY wasn't as high as the agreed - upon purchase price - in other words, the buyer's got nailed.. Realtor is supposed to know this.
I just had one closing the other day where the realtor tod the buyer that "the seller can back out whenever unless she makes a decision on which lender to use - ) - Lie #1
And when I corrected the realtor, she then proceeded to misrepresent the closing date as "3/24/2006" when in reality it was 3/31 -
Seller wasn't ready to move out till 3/31 - We had to close a WEEK early, the buyer was paying interest on a loan on a house she couldn't move into for a WEEK - in essence, cost her $500 in intrerest payments thanks to that "negotiation tactic" -
The realtor simply wanted her money before 3/31.. I was going to push the buyer into making the realtor pay for the week's worth of interest but the buyer was obviously very fragile, so I left it alone. Had it been some guy buyer I would've pushed the issue.
Closing date had to be 3/24 thanks to a rate lock..bumping it out would've cost more in rate.
rjp