Bad Real Estate Agents receiving Offers for their Home Sellers

Agents who are not doing their jobLet’s face it, even in your business, there are some which are a joy to work with, and others you’d rather not work with.

Maybe they have a “caustic” personality. Maybe they are just lazy, or have something to prove 24/7/365. No matter what the reason, if you had a choice of a staple being driven into your thigh, and working with this person, the staple would be a bonus 🙂

Real Estate is no different. A “simple” transaction is one that has many moving parts and requires someone to play leader.

In most real estate markets, there are good leaders and bad leaders. We try to be the best leader within every transaction.

Escrow customization by SCV661

We know what our seller’s and buyer’s goals are and we structure the escrow accordingly.

Sometimes the party, the other agent, wants to be the leader. We give them enough rope, but have a good grasp on it when we need to tug to get their attention.

Today’s Santa Clarita real estate radio show was about what happens just before and after an offer is submitted to a good agent and when one of the real estate agent’s happens to be a bad agent. – Look for the show Titled:  “Bad Agents Receiving Offers”.

Real Estate and escrows are all about time frames. As a real estate buyer, and seller, you have certain “written” time frames in which to do certain things.

Real Estate time frames

In the below examples “X” refers to timeframes which were negotiated within a written and executed contract!

For example, as a real estate buyer, you will have X amount of days to conduct your home inspection. After that period of time elapses, you will have to remove that contingency. Meaning, you are to green light the inspection and state you have no issues with what was discovered, or ask the seller to remedy the issues – but when time comes, all that negotiation should have already been conducted.

As a real estate buyer, you will have X amount of days to have the home you are buying appraised. You will then have time to review that report and approve it or deny it, thereby answering to that contingency.

As a real estate buyer, you will have X amount of days to obtain a full loan approval. If you don’t you can be given a notice to perform, and if you still don’t have it, you can be kicked out of escrow and potentially lose your deposit, depending on what you have signed within the real estate process.

(important note: make sure you have every single piece of paper explained to you and that you understand it before you sign it!!!)

How about getting into escrow?

That is what should happen during a transaction. But, what if you are wanting to get into the transaction?

When your real estate agents submits an offer to the seller’s agent. The seller should be available. Having to wait over 3 days is a sin, unless the other party is in the hospital or dead…

To have to wait 7 days would indicate a game is being played by the agent representing the real estate seller. Unfortunately, barring a very strong email – putting the agent on notice, while CCing the buyers at their request, is the limit of the power for the buyers and their agent. For an attorney or the Board of Realtors, there maybe harsher consequences.

Although that power is limited, you will see that the other agent may start performing and stop playing games.

In addition, we have a pheromonal Risk Management Officer at REMAX. Kathy Salisbury – she is good at what she does – a CC’d email with her name and email address sometimes can move mountains.

Real estate is not usually hard. But when it gets hard, make sure you are working with someone who knows what they are doing and the ways in which to Lead and Motivate people.

I’m Connor with REMAX and I’m Glad to be of service. Be safe and Be well.

 

Connor MacIvor

Top REMAX Realtors in the Santa Clarita - Valencia and Greater Los Angeles areas. Local Real estate agents specializing in buyer and seller consultation and representation.
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