My co-worker was showing a foreclosure that was just listed in Alameda. It was priced aggressively, in a very desirable neighborhood. When she and her clients arrived at the property, there were literally throngs of people going in and out of the house. It was so busy they thought there was an open house. NOT!
Turns out that another realtor arrived to show the property to her clients, but that folks came to the property and wanted to see it, too. That realtor made the mistake of leaving the door open, so folks came in. And they came. And they came.
That realtor couldn't leave without locking the house, but because there were so many people there, she couldn't get them all out. She called out for help: "IS THERE A REALTOR IN THE HOUSE?" To which my co-worked responded, and said she would lock up. Big mistake!
By the time my co-worker and her clients were through and ready to lock up, she had the same dilemma: how to get the other folks out of the house. So she called out, "IS THERE A REALTOR IN THE HOUSE?" and when the third realtor responded in the affirmative, she left.
This situation opened up some interesting discussions:
- Foreclosures hunters are all over the place
- Some buyers are looking on their own, without their agents
- Should the realtor let others come into the property while she was showing it to her clients?
- Did she do it in the hopes she'd pick up new unrepresented buyers?
- How did her own clients feel about other folks viewing the property at the same time?
- Would you just hand over the keys to the house to another realtor whom you don't know?
There is no way anyone should let an unrepresented buyer in a house. Doesn't matter if it is a foreclosure or regular sale (see what steamed me this weekend on my blog). If another agent shows up while I am showing a property. I ask them to show me their card. Then I lock the key back in the lockbox so that their visit is recorded for the listing agent. Of course most foreclosures have combo locks on them so that is an entirely different dilemma.