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This morning while I was having my first cup of coffee, I got on the Internet to see what was going on in the world. On the home page for msn, one of the main articles was/is entitled: "Buying a Home? Time for Negotiation Boot Camp."

The article provides some tips and tools in a clever style where a drill sergeant bullies a home buyer into understanding the best tactics to take when buying a home.

While very general and not neighborhood or market specific, this article does present a few good ideas and some helpful tips for home buyers.

However, Author Christopher Solomon of MSN Real Estate, I have a bone to pick with you. Do you hate Realtors®? Do you think we are completely selfish and only sell real estate to make millions and billions of dollars (that would be nice wouldn't it)?

First off, I'm not too crazy about all of your tips. Many are completely generic and do not reflect current activities occurring in well-known and prominent markets throughout the nation. But, we will get to that in a moment.

Your item number two. Not so nice. "The negotiation misconception:  Your real-estate agent is your buddy, so tell her what you can spend."

Mr. Solomon: Article 1 of the Realtor Code of Ethics states:

"When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly."

So, while I would certainly like to make a decent living selling real estate, I can only represent the interests of my clients if I have ALL the information that I need to get the job done right.

Second . . . most of your items reflect a traditional market (not our current real estate market). You advise not to make offers quickly on homes that you like. In some markets, homes are receiving multiple offers on the very first day they are offered. If you do not act quickly, it may be too late!

As far as generic articles go, this one provides a few good tips and tools. But many buyers are struggling to get their offers accepted in this fast-paced, unique and challenging distressed property market. So, perhaps the article needs a few revisions.

Here's a link to the article.

What say you?

 

Melissa Zavala 
BROKER/REALTOR® ● DRE #01324959

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92 Comments on "Buying a Home? Time for Negotiation Boot Camp"

DEC
27
2009

Hi..great article!  It was so good, I re blogged it onto my posting...thank you..hope to return a favor to you sometime...Happy New Year!

4:44pm • #1
422,778 Points 20 Featured Posts Localism Sponsor Called Shot Master

Hi Melissa, The MSN article was a very interesting read.  I don't understand why on earth a buyer should avoid a buyers agent and deal directly with the listing agent, though. I don't believe that would ever be in the buyer's best interest.

7:36pm • #2
139,471 Points 3 Featured Posts Outside Blog Hit Router

There are a lot of good ways in this article for a buyer to lose a house they want. There is such a thing as outsmarting yourself while you are trying to outsmart everyone else.


Sarah in Nashville

9:46pm • #3

I see what you're saying about a lot of these tips being relative to a more traditional real estate market, and not the distressed market we are currently grappling with. I actually have a lot of issues with a lot of the comments in this article. What kind of an agent has the author worked with to make some of those comments?

9:52pm • #4
1 Featured Post

Great article and are you ever right, move it or loose it in today's market. I also wanted to comment on that face, you must have a sense of humor because that was a great photo, it cracked me up!

10:14pm • #5
2 Featured Posts

Melissa, I hope your blog gets read by the general public! You make great points. The author of the article must have had some bad personal experience with a realtor!

10:33pm • #6
147,086 Points 4 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Wow- that article seems to be off on a number of fronts.  An opening offer "20-30% below asking" would be laughed out of close-in DC/MD/VA where inventory is running at about a 4-month supply.  It brings up some interesting and good points, absolutely, but it reminds me a bit of my Zillow-ready buyers... armed with a lot of information... not all of it helpful or even relevant. 

10:39pm • #7

I have found the msn articles to be bland, generic and not very helpful. I try to avoid them unless the headline really catches my eye.

10:51pm • #8
Outside Blog

Don't you just love it when you are working with someone and they read something like this? Geesh give us a break.

11:07pm • #9
405,745 Points 34 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Yep...Another inept idea hawked on the internet making a potential buyer think he can do without the services of an agent. I like your post as it shows a rational rebuttal to the article!

11:12pm • #10
1,007,238 Points 36 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I find that it is not uncommon for buyers right now to have to submit a few offers before one is accepted as there are often multiple offers, especially in the lower price ranges.

11:13pm • #11
DEC
28
2009
1 Featured Post Hit Router

Nice Post! This is just a perfect example of the media grabbing on to something and bending it to their liking. So Mr and Mrs Buyer are armed from the get-go with this "helpful" information.

1:07am • #12
118,333 Points 2 Featured Posts Outside Blog

Oh everyone who isn't a Realtor has an opinion about how we do our jobs...don't they?  Maybe someone should scrutinize how he does his job..wait a minute...I guess you just did!  Good for you!

2:15am • #13
429,369 Points 57 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I read the article- not impressed. If a buyer follows this boot camp- tactic...he will be looking unsuccessfully for a very long time.

5:09am • #14
890,947 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Melissa  this is one of the drawback, too much information out there are rather misinformation.  This reminded me of an episode of HGTV where the women was going to take out a potential buyer and the first thing she did was to bring herto  a neighbor which was valued at least 3 times what she could afford.  It was at this point she asked the buyer what she could afford what a way to let down a buyer. 

6:18am • #15
126,176 Points

I find out that most articles don't reflect the real world. This one proves it.

Tony

6:21am • #16
395,027 Points 35 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Melissa:

This is obviously someone who has a low opinion of Realtors. However, that's not the main problem. This author has given some poor advice to anyone who really wants to buy a home. Not use a buyer agent? Offer 20 - 30% less?  A person who follows this advice will not be ending up with their dream home any time soon.

 

7:16am • #17

Melissa,

Thanks for alerting us to the article and your counterpoint.  In my area, we have an average 15-month inventory and homes sell for an average of 92% of list. So, an offer 20% below isn't so crazy - EXCEPT for properties that are priced well to start!  This is where the buyer's agent is oh-so critical...

7:25am • #18
707,323 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Melissa, I'm afraid the theory of Agency is foreign to many "writers" that fancy themselves real estate savvy. We work for our client diligently and provide excellent service to the party that hires us. I say stick to other news and leave real estate advice to the experts.

7:36am • #19
278,556 Points 15 Featured Posts

Funny that we reacted to the same article and blogged about it. Well, not really funny. I woke up in good spirits yesterday, and I read this and it reminded me about how people write about something they really don't have personal experience with and they get paid for it. It sure got my emotions rolling though.

8:01am • #20
144,532 Points 1 Featured Post

Melissa, great post and interesting article by Soloman.  We are in a unique market and the old style "tips" don't work in this market, especially when you have multiple offer situations all the time.  I will have to read his article in my spare time.  Happy New Year!

8:18am • #21
361,063 Points 11 Featured Posts Outside Blog Called Shot Master

Hi Melissa - Thanks for the link to the article. Just what we need! I hope my first time homebuyers don't see that!  But I do love the comments, especially the one who wonders if this guy is a ski writer! I think that about sums it up.  Have a great day and thanks for the post!

8:24am • #22
243,085 Points 17 Featured Posts

Most commenters have seen the wide gulf you wrote about. The generic tips are often not applicable in today's market, and the article writer either didn't research deeply enough to know what the real world looks like or they had an axe to grind. Great job pointing out another instance of the press being semi-clueless.

8:25am • #23
145,516 Points 21 Featured Posts Outside Blog

Add Realtors to the list of things the press loves to hate. Funny that most actual Realtor's clients overwhelmingly appreciate the work done on their behalf by their Realtor. Odds are this journalist is smart enough to have his own Realtor whom he trusts and listens to when making a purchase as important as real estate. It's just so much easier to disparage Realtors in general and he probably believes that his own 'exceptional' abilities have allowed him to find the 'one' worthy agent in the bunch! LOL

8:29am • #24
137,204 Points 2 Featured Posts Localism Sponsor Hit Router Called Shot Master

Thanks for your good insights.

Any article about real estate that doesn't say loud and clear - all real estate is local!  Be sure you understand the conditions in your local market before making an offer - is just missing the boat.

about as useful as a national weather forecast.

8:31am • #25

Melissa, Thanks for your counter point, I read an article myself and found generic and not so helpful to the buyers out there in the present market.

8:41am • #26
255,820 Points 3 Featured Posts Outside Blog

I continue to be disappointed in the press coverage as it pertains to our current market and how and what Realtors do. I am tired to death of being portrayed as a dumb money grubbing sales idiot! If the average bear could do my job then I would not have one, right?! There seems to be no end to the mud slinging on us and no way to explain or change the minds of the general press and many of the public as well. Sigh~ I hope you sent this blog to the author of the article?

8:44am • #27

Buyers and Sellers expect that their  Realtors are highly trained in negotiating.  Sometimes, that is not the case, so you get articles like these.  There are lots of books for mega negotiations, like Trump Style Negotiations, but there are very few negotiating books just for Realtors to learn this art.  Instead of reading the article about boot camp, read something by a Realtor to help improve the quality of Realtor's lives like Create A Great Deal, the Art of Real Estate Negotiating (www.CreateAGreatDeal.com).  Its goal is for Realtors to put make better deals by collaborating, have the deals go together more smoothly and close more gracefully, so that the buyers and sellers have a better experience.

The tips in this article are of little help to anyone who is a true real estate professional, and the comments about Realtors are inappropriate.  Your post does brings up a point where Realtors can develop their skills to get more respect from the consumers, and live better lives by learning an art that is essential to their success. Thank you.

8:44am • #28
202,016 Points 14 Featured Posts Attended Rain Camp Called Shot Master
I continue to wonder where all this misinformation comes from and how the media can pick it up without a second thought. It seems that this particular author did not check his facts. Instead of asking the reader to rely on the expertise of their Realtor, he is putting himself out as an expert. In my opinion, he is creating an implied agency by telling readers not to make an offer when recommended. If I had relied on his "advise" and lost out on a home that I really liked, I'd be angry! Perhaps we should educate the editors at MSN Real Estate that this guy didn't do his homework!
8:45am • #29
282,573 Points 19 Featured Posts Localism Sponsor Outside Blog

Great job at setting the media straight.

Happy New year,

John

8:47am • #30
110,439 Points 1 Featured Post Localism Sponsor

The writer probably went through some old books for the advice that was "tweaked" a bit.  There are as many ways to give advice as there are people, so someone out there will connect with him.  Hopefully, the ones I work with will realize that the local market conditions will dictate the process, and they will be moving into a home, while the agent-free low-baller is out there burning up gas and time.

8:47am • #31
392,071 Points 4 Featured Posts Called Shot Master

Interesting that he says not to think your agent is your buddy and not to believe they're giving advice that's in your best interests, as though HE is everyone's all-knowing buddy, and everyone should believe everything he says without question.  

8:49am • #32
282,573 Points 19 Featured Posts Localism Sponsor Outside Blog

After I left, I thought more about your article and decided to reblog it with my own twist of an introduction - hopefully you'll agree.

Happy New Year,

John

8:52am • #33
1 Featured Post

In a market where over half of the closings are REOs and Short Sales many of the tips just don't apply.  Sadly, the banks control the market - both through controlling so much property and restricting the mortgage process.  In many cases they have taken all the finesse out of negotiations.  Some of those Ideas will keep people who can only afford REO prices from buying at all,

8:57am • #34
Attended Rain Camp

I wonder what school the author of that article went to to learn how to give such "great" advice.  Who is he to think he is the authority on the subject of home buying and selling? He obviously has no real estate "real" market savvy.

8:59am • #35

Let me start here, I won't comment on the way he's doing his job because I don't play that way. 

 But I can tell you that it's been fun when you run into buyers that think this way.  I tell them I'll write anything you want that's my job. Then I give them my opinion for the sake of our next bid, as we all know they won't be buying this one. They either catch on are move on and blame the realtor they refused to listen to.

 And then you wonder why the sellers all want to start so high instead of pricing their home to sell. (Great post)

HAPPY NEW YEAR!!!

9:03am • #37
Localism Sponsor Outside Blog Attended Rain Camp

Interesting blog.  I went to MSN and read most of it and felt it did not have alot of substance.   I agree with everything you wrote, however.    Good job!

 

 

9:13am • #38
2 Featured Posts Localism Sponsor Hit Router

Melissa, Thanks for sharing.  I don't think I agree with anything in the MSN article - - it once again points out the poor job we, as REALTORS, have done in educating the home buying and selling public as to our purpose and value.  I try to counter this type of thing every single day - one buyer and one seller at a time! 

9:17am • #39
Localism Sponsor

Thanks, Ill have to find the article and read it also! Have a great week!

9:24am • #40
Localism Sponsor

Thanks Melissa for link,

I will read it this evening, when I get back from working with buyers that I have worked with several times and they're children and friends. And as they are pretty savvy business people I believe I must be doing something right.

Needless to say there are Hacks in every profession!

9:25am • #41
149,492 Points

Melissa -

Well said!

Thanks for your insights, BTW I've listened to a great book titled "Negotiation Boot Camp" it's a pretty good one.

 

-Phil Graves-

utahbuyeragent.com

9:26am • #42
299,204 Points 6 Featured Posts

The article from MSN is excellent advice for folks shopping for a new car.

9:30am • #43
Outside Blog

Well put, & that needed to be pointed out.  Too many authors like to bash a profession without a clear understanding of how things work in the real world.

9:31am • #44
482,745 Points 1 Featured Post Localism Sponsor Outside Blog

Hi Melissa,   Those national brand home pages are many times filled with generic articles meant to draw in the eyeballs.  Good retort - are you sending it to him ?   Happy 2010 to you !

9:31am • #45

The basis of good negotiating is good information.  Part of having good information is knowing what you are buying.  Even in times when it is tough to get a deal completed, it is important for a buyer to know what they are buying.  Getting a home inspection or energy audit, even when it is not required by the lender or state, is still the right thing to do even in lean times. 

For the seller, they are also good preemptive tactics if they are completed, and issues addressed, before the house is listed.

9:39am • #46
105,233 Points 12 Featured Posts

Another perfect example of a Journalist writing about a topic quoting Authors who sell books for a living.

I think he should change out real estate as the topic and replace it with buying a used car...

9:55am • #47
104,556 Points Attended Rain Camp

A great Realtor in my office posted this article on Facebook yesterday and we both discussed how outrageous it is.  My main concern is the advice to not trust your Realtor.  I have had clients who were wary and not 100% forthright about their price range.  After hunting for their first home for a month, or more going out 3 times a week to see 5 plus homes each time we still hadn't found the right home for them.  That's when they started opening up and saying their true comfort zone was about $20 - $30,000 higher than they had originally told me.  This might not sound like much but in the $200,000 range it makes a big difference!  Once, we began looking in the right range we found what they were looking for, but unfortunately while running around looking at homes that would never live up to their standards we missed some great deals in their true price range.  If our clients aren't 100% forthright how can we do our jobs well?

10:07am • #48

It's so common for large media channels to make very vague general comments that don't really apply to any specific person. I always bock at Suze Orman as she says there is one way to do everything, when in fact, most people have a specific case that should be researched, understood, and customized before advising.

Using the listing agent rather than a buyers agent (who the buyer doesn't even need to pay for) makes no sense (unless you're trying to buy an REO with 15 offers at a discount). The analagy I use is that of attorneys. If you could choose any defense attorney in the world to defend you in court and it was free, wouldn't you choose the best? Or, would you choose the prosecuting attorney to prosecute you and defend you as well?

10:07am • #49

In most of the markets where I work we are transitioning from a mild buyer's market to a seller's market. Builders quit building inventory in 2006/07. The ones who didn't are out of business now. Bank owned properties have thinned out considerably. Sellers are generally not as desperate as they were a few months ago. Our resale inventory has dropped below six months which is below equilibrium for these markets. We actually had a buyer who had been researching our market for months from afar and when they arrived they wanted to write offers 30% to 60% below asking. We told them that this was not realistic thinking. When a couple of these attempts would not work because our buyer was unwilling to negotiate, they asked for a replacement agent and did the same thing with this person. The last I heard they had decided to rent waiting for the market to decline further. No matter how hard we tried to explain that the markets where he was looking had never had a bubble to burst and had not and will not decline as much as other parts of the country. On line education when provided by the uninformed is as worthless as no education.  

10:18am • #50
328,573 Points 4 Featured Posts

Melissa

Another reason why consumers can outsmart themselves and then criticize the real estate industry as being selfish

Ty

10:33am • #51
1 Featured Post Localism Sponsor

Unfortunately - many "newbie" buyers, to use the phrase from the article - would prefer to take advice from a Non-Realtor than from a Realtor so I would suspect that some consumers who read this article will take it to heart and start from a position of distrust.  

Not going to hi-jack your thread here with links but I write a lot in my blog about the subject of negotiation.  I think it the only way we can combat this type of "shock-blogging" is to tell the truth and promote good-sense advice to our own constituency.

I thought about replying to the article but I don't want to increase the writer's credibility by validating the conversation and engaging in dialogue. 

Thanks for sharing this.

 

10:45am • #52

Melissa:

Thanks for bringing this article to our attention.  I just posted this comment on MSN:

Christopher Soloman, an accomplished writer you may be, but an expert in real estate matters you are not! If anyone is a "newbie" in this area it is you. A lot of your advice in this article couldn't be any farther from reality. You speak in generaities that simply do not apply to all markets. You also are unaware of the laws regarding agency with regard to a realtor's relationsip with the buyer and seller. The laws differ from state to state. Please stick to writing something you are actually knowledgeable about.

10:54am • #53
447,818 Points 36 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Melissa,

Excellent, but I'd like to add to your response to the the bad advice in the MSM article.

"The negotiation misconception:  Your real-estate agent is your buddy, so tell her what you can spend."  Is disgraceful! It's disgraceful because it's often true. It's disgraceful because it's bad advice. It's disgraceful because it's a PC myth!

The advice should have been: Chose your real estate agent very carefully! Chose an agent you can trust with all your thoughts! 

It's not sufficient for an agent to have signed the Code of Ethics it's necessary to know the agent practices it! Get a referral!

Don't worry about what you pay a good agent for they are worth their weight in gold!

If you're truly concerned about negotiating, get a good agent that presents their own offers any thing less is simply bidding!

Bill

PS: I'm now a subscriber.

 

10:58am • #54
134,808 Points

Melissa,

Thanks for the post. The author obviously doesn't have the experience you have. We don't sell houses, we sell service. Clients will see quickly if your motivation is anything other than their best interest. Sell yourself to your client though honest hard work. 

Steve

11:05am • #55
Outside Blog

Hi Melissa, Great Blog,  Christopher Solomon has it so wrong on this one, The  buyers that  listen to him will be looking for a home for a few more years or may be get so desapointed that will never buy. My new years resolution this year is to have a new BOOT CAMP of my own for buyers that want to work with me. if this Trend continues we will have to.

11:15am • #56

Thanks Melisa:

As professionals, we need to be able to articulate our value to a buyer or a seller and demonstrate we know what we are talking about.  If we can't, we fail.

 

Brian Rugg

Rugg Realty Boston, MA

11:36am • #57
814,168 Points 7 Featured Posts Localism Sponsor Outside Blog Called Shot Master

On most subjects I find what is written in the press to be superficial or inaccurate.

11:37am • #58
170,595 Points 3 Featured Posts Called Shot Master

Melissa, thanks for taking time to share this article and critique mr. Solomon's opinion on the subject.  Sounds a bit like armchair quarterbacking to me.  It's amazing how people will offer advice who are not working in our industry.

11:44am • #59
6 Featured Posts

Hi Melissa,   He certainly "missed the mark" as to the strong and trusting relationship Realtors develop with their clients.   Also, our Buyers are smarter, more informed and tech savvy than ever before and I felt his article was a bit consending even to them.

 

11:55am • #61

Melisa,

I found the information on the MSN article mostly useless.  Here in Silicon Valley many of the properties get multiple offers and if the property is below $400K, likely to get multiple all cash offers!  The "crawl and stall" tactic here in Silicon Valley equals "snooze you loose"

"Deal directly with the seller's agent, instead of going through a buyer's agent."  Duel agency is legal, but not always the best for buyer/seller.  Also most new buyer are not aware of all the various items you can negotiate nor the legal issues involved with all the contracts.

 

 

12:07pm • #62
Outside Blog Attended Rain Camp

It is sad that people who have not done our jobs love to comment on them. My parents have bought and sold many properties through the years and after I got into real estate and they saw how hard I work, they now have more respect for what we do. I spoke with one agent recently that I was looking to hire as an assistant.  She told me that she got into real estate because she thought it was easy and she liked to look at all the houses.  She commented that its not really like what she sees on HGTV.

Aloha,

Karla Casey, Principal Broker

Casey & Associates

12:12pm • #63

I noticed the person that he quotes by the name of Eldred is a college professor who probably has book smarts but knows nothing about really negotiating a deal. Some horrendous advice there.

12:16pm • #64

A month ago I closed on my listing ( $500K range)  that was sold in one day with 5 multiple offers and over the asking price. Since I changed the status to pending and till almost closing date, I continued getting calls from frustrated realtors and self-represented buyers complaining that they did not get a chance to submit their offer... Of course they did,  just like the ones who got the house, except  they did not do it  prompt enough, perhaps misguided by one those articles ...

12:24pm • #65
550,743 Points 22 Featured Posts Outside Blog Called Shot Master

This is the 2nd post about that article. Wonder how much they are paying that dufus? I thought that it seemed like he personally has never bought a house! Great advice from someone that hasn't even been thru the process before! The article smelled '90's.

1:02pm • #66
124,262 Points

There were some really good points about the article, but most of the time I thought the points were complete bunk.

2:11pm • #67
212,417 Points Hit Router

Not all these tips are bad but if followed might not result in the buyer getting the home they want.

2:12pm • #68
1 Featured Post

Good post. While I'm reading your blog, the thing that keeps going thru my mind is this is exactly why the "Author" is writing about real estate and not practicing real estate.

Happy New Years!!!

Tap

2:56pm • #69
405,759 Points 2 Featured Posts Outside Blog

This person is speaking in generalities vs specifics. If he did he'd be writing for days on end. But people who read it would think it's the gospel truth and lose the house they really wanted.

3:13pm • #70
111,185 Points 1 Featured Post Attended Rain Camp

Melissa,

You point out the most important item and that is one of timing.  You just can't wait in this market.  Nor can you pick and choose a price.  It just doesn't work in this market.

4:03pm • #71
119,882 Points

Great Post, read something similar just a little bit ago. Nothing seems to amaze me, there will always be so called journalist who believe they are the experts, too bad.

4:40pm • #72

Christopher Solomon of MSN Real Estate is surely speaking "Out of his hat."

He has demonstrated that he is not up with current market conditions.

5:02pm • #73
Outside Blog

Thanks for the post.  I get so tired of the "agent is not your buddy so don't tell them what you can spend.  Does he even know how hard it is to find a house for someone like that?  And having represented a couple of sellers who got offers at 30% less, the seller told the buyer to walk.  Hard to make a deal work when the seller is angry at the buyer or vice versa.  Maybe some of these people should be made to actually work in the field on which they write and make a living at it!

5:27pm • #74
222,013 Points 9 Featured Posts

Melissa,

Real estate is an easy one to apply broad sweeping generalities to.  I've given up on authors like this trying to fill space the horoscopes couldn't cover. 

5:31pm • #75
238,972 Points 1 Featured Post

I agree that timing is very important and hope that people will have the sense to know that the author of that article is not the best source of information.

7:59pm • #76
608,296 Points 26 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Melissa, an offer 20-30% below list price would likely not even receive a response - sounds like this guy has been listening to TV investor hucksters and taking their spin as the gospel truth. When a Seller is insulted, they don't want to play.

8:08pm • #77
861,446 Points 76 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I had some major issues with the article and it's "advice". It's the reason consumers start out not trusting us at all.

8:19pm • #78
147,462 Points 3 Featured Posts Localism Sponsor Outside Blog

I also agree that this article is outrageous and hope that consumers are smarter than to believe this...

10:21pm • #79
132,087 Points 1 Featured Post Localism Sponsor

Melissa,

I know this has probably gotten agents up in arms however, I, knowing myself, would rather not know the exact point of no return for either my buyers or sellers. If I do, then I can no longer be objective and act as a true "third party" like the title of "agent" portends. It is just not reasonable.

 I also think it is fine not to trust totally the person who is looking after spending the client's money. Borders and boundaries are necessary in business. At all levels in the search for some sense of objectivity.

I mean, where do we get off thinking we are above all.

Thanks,

11:36pm • #80
DEC
29
2009

Oh, the ignorance that fills the internet.  The author of the MSN article obviously never heard of "fiduciary responsibility"!  Sure, go ahead and ask why my clients are selling the home - and I'll tell you I am not at liberty to divulge that information!  Ask what repairs have been performed to the home, and I'll politely tell you that I'd be happy to provide you a copy of the seller's disclosure.  Most of us know who we represent and how to protect our clients' interests.

No, we are not our clients' buddies.  They hired us for our professional services & knowledge, and that's what they'll get.  (Tho many times they do become our buddies!!)  For most of us, negotiating on our clients behalf is the best part of the transaction!!  Am I right?  I am puzzled as to why the author feels that we should not be privvy to our clients budget.  In my area, 20 to 30% can be a really big difference in the quality of a home.  Ah yes, it is because we are those nasty, greedy, ogres - always trying to push our clients over budget so we can get a higher commission!  Greed, Greed, Greed - our only motivation.  AAAGGGHHH! 

1:37pm • #81
566,349 Points 79 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Melissa~

 

Congratulations on your featured post! The time and energy you put share the info is much appreciated.

1:46pm • #82
6 Featured Posts Localism Sponsor

Melissa...  Oh the things I could say about these real estate "professionals" that seem to be all hat and no cattle.  They have been given a title...but have nothing behind it.  Most newspapers and news agencies seem to have it out for realtors.  They operate on how most of the business world operates...meaning without ethics.  I am thankful to be a realtor with a code of ethics that offers our clients a safe haven to do business in. 

It's our duty to educate our buyers and educate the public on how it really is.  Thanks for your post...there needs to be more like them!

Congrats on bieng a featured post. 

2:43pm • #83
133,653 Points Attended Rain Camp

Mr. Solomon is probably some twenty something who has never bought a home and really should not be giving professional advise about something he clearly knows little about.

Typical Media!!!

6:23pm • #84
DEC
30
2009

The article struck me that this guy doesn't like us.  If you're a buyer, the best advice you can get would be from a professional Realtor--especially a Buyer's Agent.   Hopefully buyers will realize the source is not professional.

7:18am • #85
Outside Blog

I don't mean to be disagreable here but there are valid points below the surface here.  The MSN article is pretty superficial but the negotiation process is what needs to be addressed.  Haven't we all dealt with a negotiation that has broken down because the needs/desires of the buyer/seller were not completely understood?  All good agents know that it is our job to make sure this does not happen but . . . 

11:54am • #86
113,681 Points 4 Featured Posts

Writers love to make us the enemy, as though it is so hard for them to find a good Realtor. Unfortunately, many people follow this stupid stuff.

5:44pm • #87
DEC
31
2009
112,251 Points 8 Featured Posts Outside Blog Attended Rain Camp

Second post I've read to day about MSN. Can't say as I blame you for being rather miffed. But don't let idiots like that discourage you. I'm sure you won't

2:13pm • #88
180,636 Points 6 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

It seems like we must spend alot of time dispelling nonsense that our clients get from the media.  Most people are going to believe what they want to believe until they are proven otherwise. It's unfortunate as alot of buyers will lose out on the first house or 2 they bid on if they don't listen to their agent and realize what is actually going on in the market is NOT what they've been told by the press.

8:26pm • #89
193,642 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

You are right Jenny we will just have to keep educating the public our selves because next week one of them may be our Buyer.  Buyers will really lose out if they don't realize that repesentation by a Buyer's Agent is what they need.  I know in England buyers do not seem to have representation are there any states still in this position or lagging behind.  I know Maryland is strong on Buyer's representation.  margaret C.

10:05pm • #90
JAN
01
2010
323,084 Points 16 Featured Posts Called Shot Master

The problem with articles like that is that many people reading them take them as the gospel.  There is so much re-educating we have to do to overcome the generalizations or absolute untruths out there for public consumption.

7:32pm • #91
JAN
03
2010
202,237 Points 3 Featured Posts Outside Blog Hit Router

The article needs LOTS of revisions.  The myths are perpetuated by articles like these and clearly written by people who've never used a Realtor or had a terrible one...there are millions...of good ones out there, ethical, caring and hard working.  But ohhh that would be boring reading. 

2:29am • #93
JAN
05
2010
1 Featured Post Outside Blog

A lesson to be learned by all.... If you're going to offer advice, as the publisher of the article did, it should be their primary OBLIGATION to make sure they're imparting accurate information and advice.  Unfortunately, that's not a standard practice and the uneducated public does not know otherwise.

9:35am • #94
FEB
11
2010
501,812 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

Nice post.  Good feature.  Fair and balanced.  Way more fair and balanced than it would have been had I wrtitten it.

Where do they get these guys?

Do "they" hate REALTORS, too?

3:48pm • #95

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Melissacrophires Ambassador_large

Melissa Zavala Realtor® North San Diego County Homes

Escondido, CA

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Broadpoint Properties

Address: 220 West Second Avenue, Escondido, CA, 92025

Office Phone: (760) 839-3838

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Broadpoint Properties



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