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ForeclosureForeclosure Listings with Out of Area Agents - Is this good Customer Service? No.

My client called and asked to see a new foreclosure listing.  I said I would meet her there in one hour. She asked for directions. She said she had driven up and down the street named in the listing but could not find the home.  I thought that was funny and gave her pretty clear directions on how to find the house.  When we met, I understood the problem. 

The home sits of the main road with a few others and they all have their mail boxes in a bank on the main road. The home would have been easy to identify if it had a sign, but the agent does not have a sign on the listing. I don't imagine the bank asked specifically to leave a sign off so as not to disturb the occupants... there aren't any.

Once in side, I read the MLS detail sheet, the home obviously sits on a raised foundation, there's a crawl space, but the agent had it as a slab foundation, along with the mention of a fireplace, there isn't one and I had already emailed the agent the day the home was listed and let her know she had the square feet and year built incorrect, so she's batting about 1000 for inaccuracies.  Her pictures on the MLS were taken BEFORE the trash-out was done and they are deplorable.  My client mentioned that she had never seen such awful pictures. 

This agent lives in Southern California, 18 hours away from our market (I looked it up on yahoo.maps) and more than likely has never been here to service this listing.  I know all this because I called the company that gave her name to the asset manager and they told me. The woman I talked to at the work-flow-management company (they supply agents to asset managers) said this agent probably has a relative here who is helping her.  Funny, I haven't read in the NAR code of ethics that this is an exceptable way for an agent to do business.

Here is quote from the companies website:

Real estate service professionals including lenders, real estate brokers and asset management companies benefit from [company name] cutting edge technology for varied users to access and manage specific components of property portfolios from anywhere in the world.

Agents, asset managers and vendors communicate and transact business utilizing the [company name] platform for all their real estate system needs. [Company name] unique portal ensures maximum supply chain efficiency through cross-functional task management.

I emailed this company telling them of the obvious flaw in their system.  I asked them if I could go ahead, sign-up, and list the zip code of every family member I have in the state of California and have my relatives service those listings under my license?  Why not? It appears that's what this agent is doing and they're handing her name out to unsuspecting asset managers who have no clue that this agent is in the opposite end of one very long state.

I told them I would like to sign up for their service but only if they could guarantee that I would receive local listings over this agent.  They said they could not guarantee that. So let's see, I pony up $250 to join this work-flow-management company and become a valuable part of their team, put a sign on my clients listing, take really nice pictures, do a virtual tour (I do one for all my listings, even foreclosures), have all the pertinent data correct on the MLS, advertise my listings on a jillion websites, live locally and can answer buyers inquiries about local market trends, local schools and our job market, but this other agent could possibly get the listing instead of me or another local agent. Where are this agents ethics? Is she sitting on them?

You don't have to be a brain surgeon to know that REAL ESTATE IS A LOCAL BUSINESS. Use a local real estate professional who is an expert in your market for the best results.

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 Fran Gatti

Brought to you by Fran Gatti at  REMAX
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Bus: 707-464-5400, Cell: 707-218-8162
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Post is included in group: Everything California
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14 Comments on Foreclosure Listings w/Out of Area Agents - This isn't Good Customer Service

DEC
13
2008
543,447 Points 39 Featured Posts Outside Blog

Fran,

I love this post, and I'm flagging it for a feature!!! Thanks,   Fran

9:06pm • #1
DEC
15
2008
1,038,316 Points 26 Featured Posts Outside Blog Called Shot Master

I have seen listings with out of area agents but none that has agent 18 hours away.

7:56am • #3
197,544 Points 1 Featured Post Localism Sponsor Outside Blog Called Shot Master

Fran, I spoke with the listing agent of a local REO, and it's true- some banks do not permit signs out front (perhaps to avoid the "look" of a foreclosure?). At least that agent called you back- we had one here that refused to return calls when we had someone interested in the property, but was amazingly receptive when the buyers called- responded to the first call when it appeared that they were without an agent. 

9:07am • #4
282,749 Points 21 Featured Posts Outside Blog Hit Router Called Shot Master

18 hours away?  Wow, that is a new record.  Often "customer service" and "foreclosure" do NOT go hand-in-hand but that is ridiculous.

9:34am • #5
DEC
16
2008
403,235 Points 2 Featured Posts Outside Blog Attended Rain Camp

This is a great blog.  I run into the same issues in this area.  Why would you want to market a house that you cannot even walk into!

7:02am • #6
806,042 Points 27 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Susan said it ..Foreclosure and customer service do not go hand in hand! 18 hours away is ridiculous!! Another reason not to want givernment & banks handling real estate!

7:15am • #7
160,384 Points Outside Blog Hit Router

That is so ridiculous, why do asset managers need another company to get them a real estate agent. There is the Internet, just pull up the town and you will get all the local agents you could want.

Richard

9:08am • #8
DEC
18
2008
170,575 Points 2 Featured Posts

Our local MLS has started to hand out hefty fines for faulty listing input. These fines are levied against the brokers, who are ultimately responsible for exercising their supervision and enforcing the standards.

Sandy

10:56am • #9
DEC
26
2008

You should see what we go through down here! 18 hours, yes and MORE, Try days constanstly getting calls from the west coast...........

Our boards SHOULD be passing out fines, maybe our dues would come down.  Here in our are, you were lucky with the problems you ran into....misinformation...here, how about missing drywall, romex (electrical wiring) smells so bad you are sick...BUT this pictures are GREAT!

And the Banks, THE BANKS who got the bail out...are asking way too high prices!

 

 

Susan C-21 Tri-Power, Ft. Myers, Fl
9:15pm • #10
JAN
22
2009
345,372 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

18 hours is a record for us too.  It's silly what some of these agents are doing.  Even is business is slow ... this seems likea law suit waiting to happen!

3:43am • #11
JAN
28
2009
1 Featured Post

So a relo company called me a couple weeks back in a bit of a panic saying they sent an email out last week and this seller had to be contacted today.  We had just recently started another buyer transaction with them the week before.  I asked what email they used ... it was not mine.  I said I would be to assess, please resend the email.  Within an hour I called them back to let them know that the city the home was in was not in my expertise (it was only 40 minutes away but I have not sold a single piece of real estate there, have no idea of the new build competition and this home was only a year old) and that they should use a Realtor with experience in that area.  This relo gal got upset, all frustrated that I had not called the seller.  I told her she was talking to one of the top producers in the largest office in Austin, TX and that why would I take a listing that I could not effectively service?  She appeared to be more interested in that seller getting a call that hour than she was in choosing the right professional for the job.  First come first served?  Not a very good technique in this market.

6:35pm • #12
1 Featured Post

So comment #2 ... a new agent asked me in class the other day if I would take a listing or take a buyer to Bastrop (small town 45 minutes away).  I mentioned that I had purchased property out there for 2 buyers early in my career but, with a few exceptions, there was too high of a risk that I would not be serving my client without being an expert on the area and its intricacies, future developments, roads, county issues, wells, septic, school issues.  So one of two options would better serve my client: 1.) either refer to a local Realtor, or, 2.) IF I was going to work with a client out there  (maybe a really good repeat client), I would team up with a local Realtor and offer to pay them a consulting fee to help me witih Q&A throughout the process and offer to do the same in retun.

6:41pm • #13
APR
08
2009
Outside Blog

Since more areas are going to wider MLS service I believe this will only become a larger problem.

Keep in mind it no longer matters who an appraiser knows hopefully we can prevent that with agents.

9:16am • #14

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Fran Gatti - Realtor®, CDPE®, RDCPro®, Crescent City CA Real Estate

Crescent City, CA

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