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Learning from the first home I bought on my own

By
Real Estate Broker/Owner with eXp Commercial, Referral Divison RRE-BRO-LIC-75443

About fourteen years ago, I was living in an apartment with my two sons.  They shared a bedroom, and not only did I want them both to have their own rooms, I wanted a more permanent home, one where I wasn't subject to my landlord's rent increases and refusal to fix things; one where I could paint the rooms any color I wanted and could replace carpets that were grungy beyond belief.  So I took the plunge and looked for a home to purchase.

 

The short story is that I found a three bedroom co-op that was within walking distance to all the schools, the baseball field, the park, the pool and shopping.  The end.

 

Well, that's obviously not the entire story.  The real story is that this first transaction on my own taught me a lot about what not to do as a real estate agent.

 

At the time I had no inkling I would someday become a real estate agent, but as I worked through this transaction, I paid attention.  I now realize a lot of what I experienced in that deal helped shape some of the behaviors I practice now that I am an agent.

 

Responsiveness:  The agent I worked with was horrible at responding.  She didn't respond to my phone calls or voice mail messages.  She didn't respond to written communications.  It would take days or a week to get her to even call me back.  

I am the total opposite.  If I can, I answer my phone when it rings.  If I miss a call and someone leaves a message, I listen and call back as soon as I am able to.  If someone sends me an email or text, I answer asap.  Ignoring a request for communication is simply not an option.

 

Thoroughness:  I was buying a co-op, and at one point, I was provided with a huge package of information that I needed to complete in order for the co-op board to set up an appointment to approve my request to purchase.  The package of information I received had disagreeing forms, questions that were not clear, data requests that didn't make sense, different requirements for fees that didn't always agree, and more.  The agent I worked with had no desire to assist me with the package. My questions, when answered, were more often than not met with a "I don't know" and there was no offer to assist me in completion.  I had to do all the research and make all the calls to the management company myself.

I often remember the frustration I felt with this process.  My goal as a real estate agent is to explain everything; if there is something I can't explain because I don't understand it myself, I do the research required to become familiar so that I can explain.  If a client has a question with any part of the process, I feel it is my responsibility to find out the answer.  I wouldn't ever let a client feel the way I felt in that transaction.

 

Compassion/Empathy:  A week or so before my scheduled closing date, I found out the seller decided she didn't want to leave the home before Thanksgiving, and in fact, she didn't want to leave for two additional weeks.  Despite my lawyer's attempts, my pleas to keep our original closing date fell on deaf ears (I don't remember the agent even responding to my calls).  My landlord wouldn't let me stay in my apartment, even though they didn't have new tenants moving in for another month.  This meant I needed to move all my stuff into storage, and take my two children and go live in a motel for two weeks.  A one room motel with no speaker phone or mute button where we were stuck during a snow storm and I had to participate on conference calls with two young hyper children running around yelling. The fire alarm went off almost nightly and we had to all truck downstairs at 1 or 2am.  We wound up sleeping in our clothes every night.  I still get feelings of anxiety just thinking about the experience.

In my role as a real estate agent, I'm not dealing with transactions. I'm dealing with people. People just like me who may be in a difficult life situation who really want this process to be as stress-free as possible. I take that role seriously.  I'm on my client's side and if they need my assistance, they have it.  I'm here to solve problems that might arise between falling in love with a new house and moving into their new home. I don't ever want a client of mine to feel the way I did.

 

Partnership:  In hindsight, I'm sure at the time I bought this co-op there was no buyer agency.  The agent was representing the seller.  Because I never received calls from her, and because she couldn't help me with anything, I was totally on my own.  I kept hoping I was doing things right but I really had no way of knowing what I didn't know.  The transaction took a lot longer than it probably should have and I wasn't helped at all.

When I am representing a buyer, we become a team.  There is no way I would let my client feel alone in the deal.  I help them understand and get through the offer, inspection, contract, mortgage application, mortgage appraisal and closing processes.  I'm available throughout the process to assist in any way I can.  And when the closing is over, my assistance continues with information about the area, assistance finding resources, and whatever else I can help with.

 

My first home buying transaction was not fun.  It was incredibly stressful and frustrating.  My agent was unresponsive and unhelpful.  This experience taught me a lot about what to do and what not to do as an agent, and I think of that experience often as I assist my buyer clients.   They'll never feel the way I felt as I muddled through that home purchase.  So in hindsight, that crummy experience was actually an awesome learning experience!

 

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Kalispell, Bigfork, Lakeside and Somers areas. 

Are you getting ready to sell or purchase land or a home in Kalispell  or the surrounding vicinity? Let’s talk!

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KAT PALMIOTTI, BROKER

 

Mike McCann Nebraska Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm & Commercial Property For Sale 308-627-3700

It sounds like our first Realtor was a sister to your first one.  Here, in order, are my short thoughts on the 4 agents we used before I went into real estate. 

1.  Bad agent...still in business in central Nebraska   2. Good agent...not in business...he did, however, use some referral database and somehow referred us to #3 Worst agent ever (still in business in Colorado Springs) who went on vacation after wasting 5 days of our lives...getting lost numerous times...plus a dozen other things that went wrong...which allowed us to meet

#4 Great Agent...and this great agent suggested I go into real estate...her name is Maria Martin in Colorado Springs, CO  here is her website: http://www.mariamartinteam.com/  I still recommend her and am indebted to her!

Apr 07, 2014 11:37 PM
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

Thanks for sharing your experiences with us. They sound painful, but educational. It's amazing how powerful putting yourself in someone else's shoes can be. I'm an exclusive buyer's agent and when I sold my first home I got a good view from the seller's side. It was a real eye opener and has really helped my business as well. 

 

Apr 08, 2014 12:30 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Kat:  Funny that we sometimes can learn more by watching someone else and doing the exact opposite of what they do ... learning from our responses to them.  Good lessons to be learned, but horrible to have gone through too many times ...

Gene

Apr 08, 2014 12:53 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Kat - You learned plenty from that experience, and your clients get the benefit while you get the stellar reputation.

I think it's strange how many agents simply ignore their clients - why are they in a "people business" when they obviously don't like helping people?

Apr 08, 2014 01:51 AM
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

well written, I felt your frustration.

I got a real estate license because I got screwed in a real estate transaction by an owner/agent...I just wanted to be smarter next time.

When I eventually got into real estate, I remembered how badly homebuyers needed their own exclusive buyer agents so I started a buyer agency office when everyone considered it taboo...

Eve in Orlando

Apr 08, 2014 01:56 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Interesting post, yet why did you select the agent? was it a family member, friend or a referral? After you discovered that the agent was irresponsible, unprofessional and inadequate, why didn't you fire him/her? Unfortunately, our journey of life has many lessons to be learned regardless of the circumstances. 

Apr 08, 2014 02:08 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

There is a lot of learning that this post offers and each point is a blog potential itself. The most important part is communication being key, as well has every buyer should have their own agent. Thanks for sharing.

Apr 08, 2014 02:18 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

It is funny I remember my home buying experience before becoming an agent.  They have influenced me too.  

Apr 08, 2014 05:05 AM
Dan Derito
Success! Real Estate - Brockton, MA

This is a wonderful post.  You should now send that agent, if she is still in the business, a thank you note for saving you so much money on client service training classes.

Apr 08, 2014 05:52 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Geri - Funny how those experiences tend to stick with us!

Maria - Wow, that experience sounded horrible.  I hope you never used that lawyer again! 

John - So true; I learned something from every transaction!

Gordon - Thanks for your comment!

Mike - Yay Maria!  it sounds like you had a really bumpy road finding her but finally got a good one.  And she started you on your career track!

Dana - I think as long as we're open to learning along the way, we can always find things to do better. Thanks for stopping by!

Gene - Yes, we can use dealings with other people to improve in all sorts of ways!

Marte - I bet some of them are in the business, not for the people, but because they think they will make lots of money.  And if they're not there for the people, chances are, they won't.

Eve - And I bet your clients LOVE you guys!

Kimo - I used the real estate agent because she was the only agent representing the co-op building I was moving into; she worked for the management company and I thought I HAD to use her.  I had no idea I could use another agent.  I didn't know anything about the real estate field except that I liked the co-op and wanted to make it my home.

Ed - Communication is key in every part of our lives!  :-)

Gene - It's too bad most of us remember BAD experiences - too bad they weren't so fabulous that we said, wow, I want to be just like her/him!!

Dan - Hmm, I don't know if she's still around.  I should do a search just for curiousity's sake.

 

Apr 08, 2014 06:57 AM
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

Kat,  

Really a bummer of an agent and transaction.  I too had a bad agent that molded how I do business.  As it turns out I have gotten clients that have fired him. They are so happy with me.  I don't tell them my story because I don't want to disparage the agent. DanaB 

Apr 08, 2014 09:25 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Kat, your first purchase was a great example for you of what not to do as a Realtor. Buying a first home should be a wonderful feeling, and it is our job as real estate agents to help the buyer through the process, and make it a happy, enjoyable experience.

Apr 08, 2014 09:50 AM
Anonymous
Harrison K. Long
Kat ... It sounds like your terrible experience with your own agent during that time of buying your first home was an early part of the learning process, which now finds you with experience, savvy, respectfulness, caring and motivation to help people. That's all great. Congratulations!
Apr 08, 2014 03:00 PM
#29
Joe Daniels, Broker, Appraise
Personal Service Realty - Leesburg, FL

Kat, The trials and frustrations you worked through on your own has surely given you insight into how to truly take care of your customers and clients.

Apr 08, 2014 04:30 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Kat, there are so many kinds of agents. Many years ago, I worked with a Realtor who asked me to stop at the grocery store with her before she took me back to my car.  Your clients are fortunate to work with a caring and knowledgeable Realtor.

Apr 08, 2014 04:42 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Dana - Not saying anything is the right thing to do (but YOU know!)

Troy - Exactly, it should be an exciting time!

Harrison - Thank you so much for commenting!

Joe - I think so!  Thanks for your comment.

Sharon - That's nervy of her.

Apr 08, 2014 08:33 PM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Love your stories and learn about she had two boys, how I caught the real estate virus, etc. The transparency shows through as a genuine realy live kitty house kat.

Apr 09, 2014 01:12 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Andrew - Thanks for your comment Andrew.  You always make me smile!

Apr 09, 2014 09:53 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Even though we now have buyer agency, it is amazing how many buyers you can hear complaining about their agents.

Apr 16, 2014 12:54 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Chris Ann - Certain things should just be required as part of the job (calling clients back, resolving issues, etc).  Thanks for commenting!

Apr 16, 2014 08:31 PM