They see a listing in the MLS, multiple listing service, or their clients send it to them, they look at the MLS status and they are off to meet their client at the property.
The same goes for “some agents” who get a phone call from a potential real estate client. The caller tells the agent they saw a particular home for sale “somewhere”, and give them the address. The agent only gets preliminary information and then says to the caller they will meet them at the property to show it. In some cases, which may be better for safety reasons, they will say for the person to meet them at their office and they will go together or play follow the leader. However, this is a flawed business practice and does not help the person interested in buying the home nor the home seller.
The first thing is understanding there are time constraints within the Multiple Listing Service allowed for real estate agents. If a property has an accepted contract, where the seller and a real estate buyer have agreed to start the transaction and open escrow, the Seller’s Agent has 48 hours in which to update the Multiple Listing Service.
Because of this, establishing contact with the Listing Agent is very necessary. It comes down to not wasting a clients time. It also comes down to not stressing out a real estate client. The clients we work with deserve better. There are times when the listing, which we are wanting to view, has a realtor representing the home seller where said agent is not conscientious. They don’t return calls, email’s or text messages. They don’t have a cellular phone number on the Multiple Listing Service. They use a Showing Service who coordinates the showings between the buyer’s agent and the home seller, staying out of contact with any agents wanting to do their required due diligence on behalf of their home buyers.
I cannot stress enough how important it is to be able to speak with the agent, whom the seller hired, about the specific listing. I need to know if they have an accepted offer(remember the time frame). I need to know if they have any offers which have been submitted, but not accepted. I need to know about past offers and the seller’s rejection history. I need to know about the condition of the home to ascertain whether or not it will pass inspection for the loan type my home buyers are using. I need to know if there is other information which may make my home buyer not be able to proceed if they like it.
Maybe the home seller has tenants in place. Maybe those tenants are in a lease which has 8 months remaining. That is important for a home buyer who needs to buy to move in and who does not want to play landlord.
Maybe the home seller wants/needs to find a replacement home. They may need the home they are selling to close at the same time as the one they want to buy. Maybe the home they are wanting to buy has not been identified yet. That being the case, the buyer should know before they view the home for sale what is the seller’s intention.
“the safety aspect”
A discussion I have had with other agents, whom I train and have been asked to speak in front of, has to do with my experience being an LAPD officer.
Some agents are very unassuming. They trust more than they should and focus on the potential commission other than keeping themselves and their clients safe.
When it comes to viewing homes, there needs to be a face to face meeting with your real estate representative. The agent should meet with the real estate client. This buyers/sellers meeting will pay off for both parties. The real estate agent and the real estate client.
From the real estate client’s perspective – the real estate client(s) need to see if they are comfortable with the real estate professional they have chosen or been referred to. Maybe the person whom they are going to speak with is not “professional”. Maybe they have a total personality conflict. Maybe the real estate agent reminds them of a shake oil salesman. It could also be that there is no trust developed after speaking with the real estate agent. I have heard this on more than one occasion when I was meeting with real estate clients interviewing multiple realtors.
From the real estate agent’s perspective – a real estate agent needs to make sure they are not meeting with a predator. While most people in the world may view real estate agents by this title, agents are licensed, bonded, insured and have to pass a background check. Some of those “predators” in the world are on the prowl and hunt for those which they maybe able to take advantage of and hurt. Meeting with a client before you take them on a real estate venture is very important.
Scheduling showings for Homes – online search
Most agents will tell you, when you are searching for homes and real estate on the real estate syndication websites, you are not seeing all the updated listings. This is because the real estate syndication websites are not connected directly to the local Board of Realtors Multiple Listing Service. They use a ‘work around’ method to obtain the listings, dealing with some of the brokers who don’t mind selling out their Realtors.
Buying real estate
Buying real estate is a very serious endeavor. It needs to be taken seriously and needs to have an expert at the helm. Not only an expert in real estate, but an expert in people. Being savvy is a large part of a real estate representatives craft. Hire a real estate agent who has the foresight to keep their client protected and the hindsight to be able to speak about past experiences to help their client make better decisions.
When you are ready to start with buying or selling real estate, reach out to me directly. I’m proud to be of service to you and all my clients. I’m here to answer real estate questions, to run interference and to make sure my real estate clients are well protected.
I’m Connor T. MacIvor an I’m your REMAX – SCVnest Realtor.