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BUYERS, Going with the Listing Agent won't get your offer accepted

Ok, so what is that myth about increasing your chance of having your offer accepted when going through a Listing Agent. It is more a myth than a fact. The Listing Agent is working for the sellers and has a fiduciary duty to do so. They are looking out for the sellers and NOT you the buyer. To properly be represented, you should seek the services of a Buyer's Agent. THEY will look out after you since that is THEIR fiduciary duty.

Case in point. A few months ago, I submitted an offer to the Listing Agent for my buyer on a property. There were 3 offers altogether as I was told. I did my comps and submitted our best offer in. One of the offers was from the Listing Agent who also had a buyer. The offers were submitted to the sellers for review and guess what. They SELECTED our offer instead of the one from the L/A. How about that?

Later, I discovered that the buyer represented by the L/A had a Buyer Agent. However, the buyer felt that she would have a better chance of getting an acceptance going directly to the L/A. She felt that since the L/A has full control of both sides (buyers/sellers) that it would benefit her and therefore increase her chance of being the winning bid. Things sometimes don't work out that way.

Buyers, stick with who is helping you and you will get results. Be loyal and the rewards will show. Jumping ships is like dating. There is no commitment. Getting a dedicated agent will help you get the results you need.

Happy Buying. :)

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Are you behind on your payments? Do you owe more than your home is worth? Are you stressed out daily with the fear of facing Foreclosure? You HAVE OPTIONS! FREE Short Sale Services! Call (626) 203-5676 or DavidDeeRealtor@Gmail.com to discuss options available for you.

Looking to list your property for sale? Call for a FREE NO OBLIGATION consultation to learn how David Dee and his team's POWER marketing program can get your home SOLD quickly for TOP DOLLARS. If you are looking to buy, they can also assist you in obtaining the home of your dreams with the least amount of hassle. Call (626) 203-5676 or DavidDeeRealtor@Gmail.com to get results and learn that David Dee and his team will go out of their way to provide you with Excellence in Service. "That's the David Dee Guarantee."

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate or are there any warranties either express or implied. This blog and any associated contents is not intended to offer any tax, legal or any other advice.

Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 12/05/2009 03:48 AM

Comments (5)

Home Buying in the Home Buying Channel

buyer agent, listing agent, offer accepted

Buyer held responsible for paying Shortsale negotiation fees

While looking at properties on the MLS, I have noticed a change recently from listing agents. It is becoming more prevalent that in the remarks section of shortsale listings, the L/A has stated that the 'buyer is responsible for paying the shortsale negotiation fees" although they are not using a Shortsale Negotiation company to do the work. Are they padding this to the cost of being a L/A in selling shortsales as extra profits for their time? My buyers don't see why they should be responsible for this fee. If anything, this fee should be split between L/A and S/A.

Buyers should not be responsble for these fees. I have shown properties to buyers where this is the case and they don't feel it should be charged to them. I agree with them and see where they are coming from. What is your take on this? Should buyers be responsible for paying the L/A to do the shortsale negotiations? I know it may be alot of work performing shortsales but isn't this just part of the process?

In all my shortsales, I do not charge this fee to the buyer. I have seen some L/A pay this fee out of their own commission. The buyer and S/A are not responsible for this fee. What is your stance on this?

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 12/05/2009 03:14 AM

Comments (3)

Shortsale Negotiation Fees in the ActiveRain Channel

shortsales, negotiation fees, loss mitigation

"I hurt right here" then "Why don't you ask me if I was okay?"

I spoke with a fellow agent yesterday and those were the words he mentioned that his wife told him recently.

His wife was complaining of some abdominal pain and told him "I hurt right here" and he figured that it was probably part of the "monthly" routine and because of that assumption he did not say much. To her chagrin, she turned towards him and stated "Why don't you ask me if I was okay?" He was stunned by her response as he thought it was not a big deal since all women go through the "phase". He thought "what is the big deal" and why is she making it such an issue. In other words, he thinks she is making mountains out of mole hills. For being unresponsive, she thinks that he does not care which he disagrees.

In life as in real estate, these kinds of questions will sometime arise from your clients. It may not mean much but to the clients it is a big thing. Being attentive to your clients' needs and listening well will get you farther in your career. For example, little things like the type of houses or the specific locations which they do not like. If that is the case, then do not show them those houses.

Communication is key. Whether they are little questions, consider them as big ones and treat everyone of them equally. It can prevent dicey situations from occurring. Your clients will realize that you are listening and will remain loyal to you. Just a simple response can make a big difference on the outcome. There will be clients that require more guidance than others. Provide the service you can best offer and the results will be rewarding.

So, next time if someone ask, "I hurt here". Simply answer, "Are you okay?" You'll make a world of a difference.

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 11/16/2009 01:20 AM

Comments (7)

Real Estate Advice in the ActiveRain Channel

communication, sellers and buyers, service, real estate lessons

Why working at home can be MORE productive than going to the office

"Why working at home can be *MORE productive" than going to the office"

I did a test run the past two weeks to make myself more productive. I went to the office for one week straight and worked from home the other week. I realized there is a BIG difference as far as production is concerned. Some may find that working at the office is better than working from home.

Working in the office does have its benefits. If you have a question, you can just drop by a colleague's office and ask a question or two. If you need to speak with escrow, they are a few steps away. You can learn a few new things by talking with other agents in the office. For example, if you have a particular situation you're having problems with you can run it by someone for an opinion. With its benefits there also comes a trail of disadvantages.

One of the main things in the distractions you get while in the office. People will stop by and chat. There is also office gossips. Gossips...really? Oh yes there is. I just don't feel that there is much progress being made by working in the office.

On the other hand, working from home provides you with the peace and environment to be more productive. There is no distractions. Yes, the bed and sofa is across the room for relaxation but if you have self discipline that is not an issue at all. I find that I accomplished more things and feel that I can tackle more jobs in a shorter time frame than going into the office. A big plus is that there is no need to beat the traffic and the time saved can be used to get other things done.

A drawback of working from home can be that you do not have the interactions with colleagues to address certain issues you may have. Well, my friend, that can be solved just by a phone call to your broker. Another great alternative is to browse through Activerain! Yes, there are many answers to questions you may have just find logging in and doing a quick search. The info is invaluable! So, as you can see, there is not much of a disadvantage when you factored that in. We are in the business of selling homes so why not work where we start each morning....right at Home!

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 11/07/2009 02:43 AM

Comments (11)

Home Office vs Physical Office in the ActiveRain Channel

home office, realtors, working in office vs home, realtor productivity

$510,000 - Arcadia CA Home for Sale, Remodeled/UPgraded

$510,000 - Arcadia CA Home for Sale, **Remodeled/UPgraded**

This charming, south facing lovely home located in a tree lined street has a covered patio/barbecue area w/ large backyard perfect for entertaining. Relaxing mountain view & fruit trees. Close to schools, bus stops, restaurants, supermarket and banks. It has fireplace, hardwood floors and tiles, newly painted interior/exterior, upgraded windows, jacuzzi tub in main bathroom, water softener, window air conditioner and cable satellite ready. Master bathroom has no permit.

PROPERTY FEATURES:
Single Family Residence
3 Bedrooms
2 Bath
Living: 1100 Sqft
Lot size: 6774 Sqft
Fireplace
Hardwood floors
Upgraded windows
NEW paint inside/outside
Water softener

$510,000 - Arcadia CA Home for Sale, **Remodeled/UPgraded**

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 10/27/2009 03:35 AM

Comments (0)

Listings for Sale in the ActiveRain Channel

arcadia ca home for sale, san gabriel valley homes for sale

Do not lose your home to Foreclosure, Short Sale your home

"Do not lose your home to Foreclosure, Short Sale your home"

Owners in distress and who are in Pre-Foreclosure have the options to sell your house through a Short Sale. If you are unable to afford your monthly mortgage payment, don't hide in the sand and wait for miracles to happen.

You need to take actions in order to get yourself and your family out of the negative situation you're in. Waiting until the last minute can put you in a more detrimental situation which can lead to Foreclosure or Bankruptcy. It can help save your credit and get your life back on track. However, you must have a Hardship in order to qualify to Short Sale your home.

Here are some hardships that may qualify.

1) Mortgage interest payments have increased

2) Negative equity on your home

3) Loss of job

4) Divorce or separation

5) Job relocation

6) Loss of additional household income

7) Illness or medical issues

8 ) Balloon payment on your mortgage due

9) Large negative amortization

10) Loss of rental income

Short sale is a good solution. If you have any questions, feel free to contact me and my team and we can provide you with some guidance on shortsaling your house.

"Do not lose your home to Foreclosure, Short Sale your home"

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 10/27/2009 03:24 AM

Comments (2)

Short Sales in the ActiveRain Channel

shortsales, san gabriel valley foreclosure solutions, orange county foreclosure solutions

$445,000 - Arcadia CA Home for Sale, 3 bedroom home in a great neighborhood REGULAR SALE

$445,000 - Arcadia CA Home for Sale, 3 bedroom home in a great neighborhood *REGULAR SALE*

Come check out this very Nice and cozy home in a great neighborhood. House is located right across Rio Hondo School. Great Price, NOT a short sale! This is a REGULAR SALE!! Living room with hardwood floor. Nice size back yard.

PROPERTY FEATURES:
County: Los Angeles
Single Family Residence
3 Bedrooms
1 Bath
Living: 1,019 sft
Lot size: 5,500 sft
Hardwood floors

$445,000 - Arcadia CA Home for Sale, 3 bedroom home in a great neighborhood *REGULAR SALE*

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 10/27/2009 02:58 AM

Comments (0)

arcadia ca home for sale, regular sale, san gabriel valley homes

"Memories at Activerain": A 'farewell' from Bob Stewart

So, Memories at Activerain, I'll give this a shot. One stood out for me. I have been in and out of AR but this one event took place which I find to be my most memorable moment. The central figure involved in this momentous occasion was no one other than our Bob Stewart. It was a 'sad' moment initially but as you read further the ending was ...well ... I'll let you find out yourself by reading through the post...

Picture this, it was the morning of December 20, 2007, just shy of 2 years as of today. The heartaches, the shock, the phone call, the unexpected occurred that very morning. It was a whirlwind of a situation and the outcome blew me away. I could not believe what happened that very morning and neither were the members at AR of the 'actions' taken by Bob. Was it 'A Miracle on 34th Street' since it was near Christmas...or should I say "Miracle on AR Street"?

At the time of this event there were about 60k members ... and now we have amassed a total of over 160k members! That is quite a feat in itself due to the great network and forum that is AR. It was a turning point for AR and that one event 're-shaped' the destiny of this Real Estate Network.

To let you in on this, I have attached the original post so you can read it. Here it goes:

A personal letter from Bob Stewart of Activerain.......

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 09/27/2009 03:43 AM

Comments (3)

memories at activerain, memories at activerain contest, bob stewart

2nd Lien holder actions can make you LOSE your LICENSE

Yes, that is true. I recently read a post by Wendy entitle "Give Us Your Commission or Else!" Sometimes, lien holders may make inappropriate request and you just have to be careful. Your actions can lead to regretful consequences if you are too laxed and act with haste in your decisions.

I submitted my comments on the post and realized that the request made by the 2nd lien holder of the shortsales is inappropriate and can agents in hot water if they are not careful. In this profession, there are certain things we can comply with lenders while there are others we need to be extremely cognizant of. I find the request made by the 2nd lien holder of that shortale case to be hinging on some illegal issues.

Shortsales are challenging and alot of work as it is but when lenders start stepping beyond the boundary of appropriate request, I shiver at the thoughts of how dangerous the consequences can be. I have not encountered such a situation previously but if given the case under this condition, I would not hesitate to reject their request. Bear in mind, 2nd lien holders probably are not licensed and cannot be given kickbacks. So, as you can, this can be a big issue. Don't risk your license on a few thousand dollars. The consequences far outweigh the benefits.

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Posted by David Dee, San Gabriel Valley (Los Angeles) & Orange County CA Real Estate on 09/27/2009 03:08 AM

Comments (4)

real estate, shortsales, lien holders, loss mitigators

FOR RENT: 4BED / 3BATH, 2-STORY HOME, EXCELLENT SCHOOLS IN FOUNTAIN VALLEY

David Dee, MBA | Century 21 Excellence | 626-203-5676

9234 Honeysuckle Ave, Fountain Valley, CA

FOR RENT: 4BED / 3BATH, 2-STORY HOME, EXCELLENT SCHOOLS IN FOUNTAIN VALLEY.

4BR/2.5BA Single Family House

$2,700/month

Bedrooms	4
Bathrooms	2 full, 1 partial
Sq Footage	2,300
Parking	3+ dedicated
Pet Policy	No pets
Deposit	$0

DESCRIPTION

Fabulous Location and Pretty Parkside home located across from Vista View Park, interior corner location. 2-story home with 3-car garage, recently upgraded throughout with hardwood flooring on downstairs level, custom maple kitchen cabinets, new granite countertops. Beautifully decorated tile flooring in kitchen area, kitchen eating area overlooking clean and well manicured backyard with sparkling inground pool. Neutral carpeting throughout upstairs, upgraded master bath, shutters, wood blinds. This home shows great and includes washer/dryer! Romantic fireplace in master bedroom and in family room. CALL DAVE FOR QUESTIONS. 626-203-5676 OR EMAIL MICCDD@YAHOO.COM

see additional photos below

RENTAL FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Hardwood floor	Tile floor
Family room	Living room	Dining room
Breakfast nook	Dishwasher	Stove/Oven
Granite countertop	Washer	Dryer
Laundry area - inside	Yard	Swimming pool