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When Did Real Estate Become A Game?

Reblogger Karen Kruschka
Real Estate Agent with RE/MAX Executives

Karen Fiddler is a seasoned real estate practitioner.  Her comments about the sloopy, lack of professionalism being shown by real estate agents in recent years are based on her years in the business.  If the sale or purchase of real estate in the Orange County, CA area is in your plans you would be wise to contact Karen 

Original content by Karen Fiddler, Broker/Owner BRE# 01494165

 

I've been buying and selling real estate for a long time. In the "old" days we used to take these transactions seriously.

  • Buyers considered homes and offers carefully before writing offers
  • Buyers' agents ran comps, prepared complete offers and called the listing agent PRIOR to emailing an offer
  • Agents responded quickly to offers with respect for the parties
  • Counters and negotiations were handled with great care and deliberation
  • Escrows were opened with the intent of closing

The climate has changed, and not for the better. I tire of getting offers in my inbox which turn out to be from people who've never even been in the listing. Offers so low that no one could possibly take them seriously. Listing agents who tell us we will be one of 4 offers sent to the bank. Buyers who open escrow and then cancel when we get short sale approval because they've changed their minds? Really? Haven't you had 2 months to think this through?

And Realtors® are no better.

  • Why are you writing offers for people who don't really want the home?
  • Why aren't you showing them comps and educating them on the true value of a property?
  • Why are you sending multiple offers to short sale lenders as if they already own the home (they don't)?
  • Why are you emailing me an offer without the courtesy of a phone call?
  • Why are you behaving like a spoiled child every time something comes up in a transaction which requires some working through?

This is not a game! We are not trying to outsmart short sale lenders or buyers or sellers or other agents. We are trying to put a willing seller and willing buyer together so that each can move forward. It should be a joyful experience on both sides. But often this is not the case. I really feel as an Industry of professionals we need to take the lead and change this! Take the game-playing out of the transaction and let our worth be valued not by how we can "out play" the other side, but by how we can create a win-win situation.

This is not Survivor....but I do think that those who don't adjust and learn to play well with others are going to be voted OUT!

Karen

Karen Fiddler
Broker/Associate
The Fiddler Realty Team/eVantage Real Estate
Lic # 01494165

www.searchfororangecounty.com

Serving all of Orange County, California Real Estate!
Buyer's Agents, Listing Agents, Short Sales, REOs, Equity Sales, Investors

Comments(9)

William Johnson
Retired - La Jolla, CA
Retired

Hi Karen, We are all advised that we must embrace change. And tha is all well and good. But this industry is changing in ways that is a contest of wills instead of people coming together to help a seller sell and a buyer to buy. A great post to re-blog.

Nov 30, 2010 06:21 AM
Robert Rauf
CMG Home Loans - Toms River, NJ

I have seen a lot of crazy go on over the years, but it seems to get worse when things are slower.  A bad deal is still a bad deal No matter how busy the market its!  Just not worth tossing crap against the wall and hoping it sticks!

I agree with Karen, the goal at the end of the day is a happy buyer and seller that will rember us all fondly and refer their friends!  it takes years to build a reputation, and only 1 deal to ruin one.

Nov 30, 2010 06:21 AM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

William and Robert  I am glad I reblogged it

Nov 30, 2010 06:25 AM
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Hi Karen, great reblog.  I didn't catch it the first time.  I am sick of the games, especially the short sale games!

Nov 30, 2010 02:23 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

After reading the post, I still come back to the title and want to answer that question. I think real estate became a game when home values started increasing by 10-75% per year. That just can’t be sustained year over year, so people played games, trying to take advantage of the years when it did by getting HELOCs and using that money to buy a new car, a boat, or go on a vacation. Eventually, though, it came time to pay the piper.

Nov 30, 2010 05:33 PM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Erika and Jim  You both have very valid points of view

Nov 30, 2010 09:37 PM
Robert Rauf
CMG Home Loans - Toms River, NJ

Jim is right... Too many people used their homes as piggy banks, and now it is your job as agents to explain to them that they alread took their profit out of them, it is not your fault that they cashed in all of their equity prior to selling the house!

Dec 01, 2010 06:34 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Hi Karen...thanks for the reblog, and nice words :). Interesting the direction comments have taken on this reblog. Absolutely great point that the home owners are participants in the games. Clearly anyone refinancing with no-doc loans were playing a game.

Dec 01, 2010 08:18 AM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Karen  It was a pleasure - it is a worthwhile blog

Dec 01, 2010 09:36 AM