His LA Agent was GREEDY trying to Represent Him 145 miles Away!
A walk-up buyer came in the office a few days ago seeking info on listings. He said that his agent was in LA, and was sending him around to properties by calling listing agents in our area to show him the homes. He had made several offers sight unseen that didn't work out. The homes were in terrible shape, or bad neighborhoods. He is a motivated buyer-- and he had many other agents here in the desert looking for homes to show him. If he liked the house-- he would let them write an offer. He had even met up with an agent in our office the day before and told her to send him properties. BIG RED FLAGS!
I had looked up 5 properties for him the day before, but I told him that I would not show him homes without a Buyers Rep agreement, and if he wanted-- I would agree to a Referral Agreement with the LA agent. He did not understand that he was wasting not only his time, but all the other agents time who had been researching the MLS for him.
When we met up on the second day-- I was ready to send him out the door. I told him-- unless you commit to me as your agent, unless we are "married" on this deal... I will not work with you. I will work incredibly hard to find you your place here-- but we do it my way. No other agent had explained this to him. He did not understand that he needed to work with one agent-- and let us do our job-- we will find you a home. We all have access to the same information.
He agreed to signing and honoring the documents, and his agent sent me a Referral Agreement today. We are looking at homes tomorrow-- and I have shown him that I will work hard for him. He is such an aggressive buyer with a clear picture of what he wants-- I know that we will find his home soon and get it closed!
I would never presume to know the Santa Monica market, or the Laguna market, Beverly Hills market, or the Carlsbad market... but I do know great agents in those areas. ( Thanks to ActiveRain! )
Why would a greedy agent try to represent their client in a market so far away?
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