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Commercial Agents...Asleep at the helm???

By
Real Estate Agent with Royal Shell Real Estate Inc BK3025297

Normally I'm a pretty upbeat person. I feel that you get more with sugar than you do vinegar but I have to tell you that I'm having some very disappointing experience here and I'm sending out a wake up call to any commercial agents who are in the business. But then it occurs to me that if you are reading this, you probably aren't the folks who are guilty of what I'm talking about...you are engaged in your work.

Here is my rant....

Personal friends of mine are relocating their small industrial plant to Volusia County Florida from upstate New York. It is light industrial manufacturing zoning. They need 4000-7000 s.f. warehouse space and some offices. Not a huge space and it does not need to be high profile.

Over the last 3 weeks I have subscribed to Loop Net and received 15 potential listings. We inquired on 10 of them. We had a response back on 4. I followed up on the 6 MIA's and got that number down to information on 6.

I have spoken at investor meetings and put out the word for what I was looking for and I had phone calls from people helping me and we are looking at those properties...2 more.

I am waiting...still waiting for confirmation on 4 showings from messages that I have (Loop Net) left saying my folks are now in town, can we see the property pretty please?

With Commercial Properties being the next wave of REO ....this kind of inattention is certainly fueling the inventory levels. We have a 60+ year old business that wants to come to the Sunshine State and bring work.

It so happens that our office building is for sale. I am not the listing agent. Every time the out of town management company who owns it is in town, I have been out of the office because I'm working and in the field. She caught me yesterday and asked me if I would consider taking the listing because commercial agents don't seem to be answering the phone.

All I could say to that was...."Yes I completely understand."

 

Posted by

Janet Fetterman, Broker Associate, CAM

Sales Manager, Golden Ocala Golf & Equestrian Club

Janet@RoyalShellSales.com

www.GoldenOcala.com

386-299-6393  

 

 

Comments (4)

Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

We are in position here in Phoenix, AZ to take advantage of the commercial deals ready to hit the market.

Apr 22, 2010 12:39 AM
Connie Johns
Tailored Real Estate Services - Toledo, OH
Toledo, Ohio Area Real Estate

I recently had the same experience in Toledo, Ohio.  Granted we weren't looking for a large or pricey building but nevertheless it finally took a call to my broker, who called a friend of his to call the listing agent to get a return call to my several voicemails, emails and texts.  This problem doesn't appear to be exclusive to commercial real estate. See my recent blog post Is Your Toledo, Ohio Listed Home Off the Market? It truly is frustrating not to have cooperation.

Apr 22, 2010 12:45 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Janet, I can understand your frustration. Returning phone calls promptly is an important aspect of our business. I can't speak to other commercial agents, but if you call me I will return your phone call.

Apr 22, 2010 12:51 AM
Janet Fetterman
Royal Shell Real Estate Inc - Ocala, FL
Selling Luxury Lifestyles...

Thanks for your posts...today we went out and looked at property. My buyer's son showed up and joined us at one of the properties. We stopped at one not on our list that he called on TWO YEARS AGO...still for sale...no surprise...same agent...First my call got disconnected...ok pluto's in retrograde...all the electronics are on the fritz..LOL....I called back...Got voicemail.

We went around the building and the building was open so we went in. I left a message letting them know that we toured the building and that it won't work for our needs but it is not secure. I hope that he at least shows up and locks the door!...The son said he never got a call back from 2 years ago! AMAZING...

Apr 22, 2010 09:31 AM