Special offer

YOU ARE ASKING ME ABOUT AN OFFER?

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

I get a text from one of the sellers of a listing I didn't get asking me if they should accept an offer made to them. You see people usually appreciate something more when they lose it. I interviewed and invested time and money in a large listing that I didn't get. So imagine my surprise when I get the text asking for my opinion....now?

ETHICS 101

All character driven agents know not to interfere with other agents & their clients who they have under contract & where fiduciary is at work. That's a no-no to get involved even if you are invited. My answer (to follow) is what I am quite proud of. Remember: I am the man who said originally contact me for anything

MY ANSWER

When asked if they should proceed with an offer & even counter it for a certain sum of money I responded: There are many ways to skin the Real Estate cat. This be one of them. To further this intrigue, I get a return text saying: I will tell the seller you approve. What? Look how one innocent saying can pull me/you in

WHERE IS YOUR AGENT?

I am almost afraid to ask. What in the world is someone doing contacting me about what to do when they dismissed me from the listing interview and hired another agent? I am not surprised however because in Real Estate, many lessons are learned after the fact some costly and all are not do-overs either

CASE OF AGENT REMORSE?

So apparently the start-up or the learning curve did not excite, invite or entice but instead caused the sellers to reflect on their decision and take an action. At this point, it is wise to consult your contract to engage your agent and to also contact your agent period. Something happened where confidence was jeopardized 

BACK TO THE INTERVIEW

I researched the neighborhood, product, Dom's, pricing & knew about the values on both sides of the main street which divides one value from another. On one side, it goes up considerably. On the other, it trails but benefits from the values that spill-over. I stated current escrows, conditions of properties that sold high & low & even I was impressed at this savvy data

WHOEVER GOT THE LISTING DESERVED IT

I am not the only one that speaks Real Estate fluently. The fact is that there are tens of thousands of agents out there doing business some better than others & there is enough business for everyone. But here is the catch. How does the seller s or principals know what they are getting in its entirety until it is tested & holds? Until then, its a pitch, hype or spiel

ASKING AN AGENT FOR ADVICE IS SOUND THINKING

However, if you have hired an agent, listen to them and work together as a team to accomplish the mission. Trying to improve on a contract that has been agreed to takes to people to do so. When this person contacted me instead of their agent, I knew they most likely are the problem followed by the agent who may not have the "glue" in place

THE GLUE

The glue defined: Client control. It is easier to pronounce and comment on this subject than it is to enforce. It is not just a problem in the Real Estate industry either. Doctors complain patients don't listen and attorneys tell their clients what to do and what not to do and clients do what they want to do anyway. Why should Real Estate be any different?

UNLESS THERE IS A VALID REASON

It is wise, incumbent and highly recommended that all parties finish what has been started until they hit the results stage. Stress, doubt & hesitation follows with much confusion that leads to troubles that can be costly and draining if not done. Ah Real Estate. It's not for everyone but everyone thinks it is. 

NEED TO KNOW MORE?

Contact Richie@ranrightrealty.com but only if you don't have an agent. 

 Got Richie?

Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Richie,
It does smell like a case of agent remorse!  You make a valid case for a client not listening to their agent / advisor.  It could be both. 

Jun 23, 2018 03:36 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Jeff Dowler, CRS ...good of you to stop in Jeff...thank you

Hello Carol Williams ...your comment stands and thank you Carol

Jun 23, 2018 03:44 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is crazy, Richie. I used to get similar calls but not any longer. I quickly send them back to their agent.

Jun 25, 2018 08:26 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Debbie Reynolds ...once you have tasted filet mignon other meats take a back seat...yes?

Jun 26, 2018 11:30 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Richie Alan Naggar - I have never experienced anything like that but I would be skeptical, thinking, maybe I'm be tested. It sounds very odd to me.

Jun 28, 2018 08:15 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Patricia Feager ...it does cause one to pause and reflect Pat

Jun 29, 2018 06:06 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

I too recently received a call from a seller asking a question about a listing that was not ours. As a matter of fact, they never even asked us for a CMA!

Jun 29, 2018 09:55 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ...What a business!

Jun 29, 2018 03:45 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I probably would have sent a text back saying something like, "oops, you must have misdirected this!"

It's too bad those sellers made the wrong choice in their agent. They could've been in constant contact with you instead!

Jun 30, 2018 04:22 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Kat Palmiotti ...yes to your comment my little kitty kat....

Jun 30, 2018 05:30 AM
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

I just call that chutzpah and I would not have responded to a text like that. A lot of people think of this as our hobby, not the way we pay our bills.

Jun 30, 2018 07:05 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Jill Sackler ...your comment stands & thank you Jill

Jul 01, 2018 05:58 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

Your post goes hand-in-hand perfectly with a recent post of mine, Richie Alan Naggar ... each address "remorse".  It takes sustained effort (and time) to transact and finance property.  Both on the client's part and the professionals.  Funny how many don't grasp that ...

Gene

Jul 02, 2018 10:34 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi ...put it all down to this: "we know not what we do"....no exceptions and it applies to everything too

Jul 02, 2018 10:49 AM
Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

I'm a bit confused.  You say that the seller texted you back:

 "I get a return text saying: I will tell the seller you approve."

If that was from the seller why did they say that they would tell the seller? 

I'm also not certain what you meant in your initial response to them:

"There are many ways to skin the Real Estate cat. This be one of them."

I guess I'm bad with riddles.

Jul 02, 2018 02:40 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

My dear Tim Maitski ...you are not confused but perceptive. I wondered if anyone would question this. You did. There are three sellers/owners. One is indifferent. One is on point and the other is in second place who confers with point. The second place seller contacted me. We texted. She then said I will report this (to the seller on point). As to my response.....

Without giving actual advice or interfering with the agent client fiduciary, I made a broad general statement about the many approaches to Real Estate. I didn't contradict the agent in charge nor detail dialog with his client on this either

You are very good with riddles as you successfully probed this matter. Thank you Tim who offers Truth, Excellence and a good deal In Atlanta GA

Jul 02, 2018 04:33 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Richie, if I did not get the listing I politely guide them back to their agent... clearly letting them know that it is not only unethical it would be unprofessional for me to give them advice... now if the transaction does not come together and the listing expires without selling it in this fast market then please reach out to me. Endre

Jul 02, 2018 06:55 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Endre Barath, Jr. ...you remain a prime choice for an agent

Jul 03, 2018 06:04 AM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

This happened to me. A seller who didn't list with me contacted me repeatedly because their house wasn't selling. There wasn't anything I could do because I was not their listing agent. They should put their trust in the one they hired, although I'm flattered that they sought my advice, I did NOT want to get caught up in an ethics violation.

Jul 04, 2018 01:49 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

H there Pat Starnes-Front Gate Realty ...the whole post in your worthy comment

Jul 04, 2018 03:19 PM