There are many different real estate models in Miami and as much I would like to say that one is better than the other, the fact is that different people (whether buying or selling Miami Real Estate) will have different preferences.

The idea is that each particular customer should study their options and identify their needs. Telling you that our full-above-and-beyond real estate services are your best choice would not be right since this may not be what you are looking for.

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Just recently we were working with a Miami real estate buyer that was pre-approved, very motivated and ready to go. We had an interesting experience with a listing agent that deals with "volume sales" in the area. During the 3 weeks that we dealt with his listing we were not able to talk to him without first leaving a message and waiting a couple of hours and sometimes a day for him to return calls. The property was on lock box, we never saw his face, he did not even go to the inspections, and he was very poorly informed about the property.

Our buyer customer was in shock at the poor service he provided for the seller, especially after the deal fell through because of inspections.   This particular agent offers full commission for the cooperating agent on the MLS, does not do much with regards to advertising and discounts his commission because of the fact that he doesn't do much for the seller.

Is this real estate model bad? I really don't think so; it is up to the client to decide how involved they want their Realtor to be.

This past week we were called to list a property in Miami Shores that had been on the market by the same agent. The house had been on the Southeast Florida MLS and there was a sign in front of the house. The MLS instructed people to call the owner directly and the seller showed his own property when available. After months of doing this, the owner realized not only that the property was overpriced, but that he needed a full-service real estate model to work for him, one with an aggressive marketing plan and in which the Realtors would be hands on and very involved.....that's where Rick and I came in.

I do not criticize discount real estate brokers; I do not criticize For Sale By Owners. It is your right to choose what method and model will work for you. Experimenting with different strategies may not be a bad idea either. The market DOES favor buyers and a seller's motivation and flexibility will determine what strategy to embrace.

As far as what value Rick and I bring to the table, take a look at this testimonial written by one of our customers.

 

"I have been involved in several real estate deals over the past few years and therein have dealt with many real estate agents.  Without question my best experience was with Rick & Ines Garcia.  They stand out from your typical real estate agent(s).  Rick is a mortgage broker and accountant so he understood and explained the financial aspect of our deal.  Ines is an architect and she helped visualize possible changes that matched our design taste.  Furthermore, they did not view us (my wife and I) as clients - they thought of us as their friends.  Rick & Ines went out of their way to get to know us better so they could truly understand what we were looking for within our budgetary constraints ".

 

**this article also appears in www.miamism.com ** blockquote {margin: 0pt 0pt 0pt 30px; padding: 10px 20px 10px 20px; width:400px; background: transparent url(http://www.digitalappraiser.biz/images/ines/miamiquote.gif) no-repeat scroll left top; font-size: 120%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; color: #888888; line-height: 1.2em;}
 
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23 Comments on Miami Real Estate Models for everyone

NOV
14
2007
408,296 Points 74 Featured Posts Outside Blog

Ines,

If I ever had a client in Miami I would surely refer them to you:)

3:26pm • #1
104,180 Points 9 Featured Posts Outside Blog

I think it's safe to say that everyone out there is searching for that one unique experience! Judging by your testimonial, looks like they found it :) 


3:36pm • #2
836,390 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

No problem with a home owner selling their own property.

No problem with sellers trying to get a good price for listing services.

REALLY SERIOUS PROBLEM with companies that offer "FULL SERVICE" and don't even get a good listing in the MLS.  Sometimes they don't even do the basics.  Folks might as well do a FSBO.

 

3:39pm • #3
212,147 Points 56 Featured Posts Outside Blog

Neal - thank you!  that means a lot!

Ricardo - I think it's important to point out that unique experiences are out there but sellers better ask the right questions to make sure they are getting what they paid for.

Lenn - I totally agree (and how come that's not strange) - those companies that promise full service and don't even come close, are the ones that make the industry look bad. 

4:02pm • #4
575,269 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

I have no problem with sellers trying to sell their own homes either way. But, the service is not very good from the sellers for reasons you stated. Only one in my career was really available and even at that, my buyer agent did all the work for both sides. Never spoke to the discount broker except one time to get the homeowners phone number. It was a difficult transaction.

After the closing, my buyer agent said to the seller, well I know this was difficult and I hope you will consider the services of a full-time Realtor next time.

His reply was NO, I would do it the same way. I know it was more work for you, but I saved money. Oh well....

4:03pm • #5
471,508 Points 54 Featured Posts Outside Blog
Ines, Yep different people have different needs, but it is important that Buyers and Sellers fully understand the choice that they are making, and that it is truly what they wanted.
5:16pm • #6
600,667 Points 111 Featured Posts Localism Sponsor Outside Blog
What a combo you two make. Why? Because of your expertise, your selfless personalities and winning smiles :)  And that's why your business keeps going...woohoo for you two!
6:28pm • #7
212,147 Points 56 Featured Posts Outside Blog

Missy - that seller just happened to get lucky to find an agent to work both deals without jeopardizing the sale. He may not be that fortunate next time.

George - it is definitely about understanding the choice you are making, and unfortunately there are plenty of agents out there that say one thing and do another.  We call it "vender gato por liebre" which means "selling a cat as if it was a hare".....I guess the translation doesn't work out.

Sally - you are too kind.  THANK YOU!

6:58pm • #8
421,977 Points 17 Featured Posts Outside Blog
Great post. You're much kinder than I am about having to call the seller directly when showing their property. It usually means I'm expected to do twice the work for the same commission as most other listings. Plus, too many sellers tend to hover instead of leaving so the buyers can relax and really picture the place as their own home.
9:40pm • #9
20 Featured Posts
There are lots of models out there and everyone should be able to choose the one that suits them.. But there should be some truth in real estate law.. if you aren't full service don't pretend you are..and don't use me to do what you don't do... Grrrrr.. these guys really irritate me..
9:49pm • #10
154,567 Points 9 Featured Posts Localism Sponsor
Ines - The combination of your architect skills and your husband's knowledge of mortgages is a killer combination.  I don't know of anyone in my market area with that combination of skills.  I hope to meet you one day when we are finally able to get away to South Beach again.  Meanwhile, my mom turns 95 in two weeks, and I am planning a big party for her at the nursing home.  We used to go to South Beach every winter -- that seems so long ago now.  
11:36pm • #11
NOV
15
2007
212,147 Points 56 Featured Posts Outside Blog

Lisa - what you just said is what sellers need to hear.  A lot of agents will not even show their property if it saying "call owner directly".  Another point that limits their market.

Kaye - I have found that focusing in what I do well instead of what others do poorly is what customers want to hear.  I agree with you that having to do someone else's work is never pleasant and very frustrating.....but if you play your cards yet, you may turn that customer into a life-long referral.

Gail - I also hope to meet you.  Please let me know if you come to Miami, we'll defintely get together.

8:28am • #12
212,147 Points 56 Featured Posts Outside Blog
I did not do it - I SWEAR!  I'm afraid of you Chris.
9:35am • #14
212,147 Points 56 Featured Posts Outside Blog
Ok - so I caved - pushed the button.......WHAT A GREAT LINK!!  thanks Chris! : )
9:41am • #15
370,021 Points 62 Featured Posts Outside Blog
LOL.  I forgot I put that link in.  That is a record for amnesia.
9:43am • #16
279,253 Points 29 Featured Posts Localism Sponsor Outside Blog
I dared to click the link and once again got to see your beautiful Miamism site.  You two, as the others have said, are an extraordinary team with experience above and beyond even the best of Realtors.  Combine that with your ethics and professionalism and I can't imagine why any buyer or seller would not hire you!  The tougher market makes your services even more valuable.
2:29pm • #17
130,211 Points Outside Blog
I have had dealings with agents like that - in the MLS they write that they do not want to be called, to contact the seller directly - this always amazes me - I don't understand why you would even bother listing with such an agent -
4:16pm • #18
212,147 Points 56 Featured Posts Outside Blog

Diane - Chris always gets people to click on her buttons (did that sound right?) - last time I subscribed to a bearded lady.  : )  Thanks for the compliments btw, I really appreciate it!

B&B - it amazes me as well, but the truth is that there are some sellers out there that want to try this and don't see what's wrong with it.

5:37pm • #19
NOV
16
2007
153,192 Points 2 Featured Posts Outside Blog

The discount shop model seemed perfect a few years ago for sellers, but not now, not in this market... They will more than likely become frusterated, burnt-out, and at the end of the day just SPENT!

.. much like the buyers were 2 years ago!

12:53am • #20
NOV
17
2007
212,147 Points 56 Featured Posts Outside Blog
Katrina - I totally agree with you, but we are defending our own cause.  There are sellers that want to take the chance and there is nothing you and I can say to make them understand it's a bad idea.  I think it boils down to the amount of work they want to do, the amount of exposure and marketing they want for their property, and ultimately the risk of not selling and loosing some time in the process.
10:50am • #21
NOV
19
2007
268,760 Points 18 Featured Posts Outside Blog
Ines - I just always love your writing and insights - I wish we lived closer so I could learn more from you - thanks for a great post - as usual!!!
11:52pm • #22
NOV
20
2007
212,147 Points 56 Featured Posts Outside Blog
Cyndee - you are too kind - the truth is that we could learn a lot from each other.
12:00am • #23

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Rick & Ines - Miami Beach Real Estate

Miami Beach, FL

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Majestic Properties

Address: 35 NE 40 Street, -Design District, Miami, Florida, 33137

Office Phone: (305) 758-2323

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