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The mess that buyers get themselves into................

By Rita Fong

Real Estate Agent with RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590

August 01, 2010 08:25 AM

The mess that buyers get themselves into.................

Despite of all the information we can get from the Internet, we can Google anything on earth, we try to educate our buyers what to and what not to do. Sometimes they still prefer to go their way and get themselves into some kinds of mess:

didn't tell the lender of financial changes after loan approval, the lender finds out before closing, can't close.
not using a licensed home inspector to do the home inspection, they rather do it themselves to save some money. After moving in the new home, call us back about things are not working, end up costing them more to do the repairs.
go into a contract without a real estate professional, and they consider they can do better without an agent. And they don't know what kinds of clause/contingency to put in the contract to protect their interest.
they call all agents in town to show them houses, instead of sticking with the one they are already working with, and got into some ugly situation with their own agent and the other agent involved.
disregard of their agent's advice and comps, insist on putting a VERY low offer on a house, and got rejected again and again.

real estate puzzle

Don't be puzzled by all the unknown of your real estate transaction. If you are working with an agent and trust him/her, just let them lead and guide you. If you don't trust your agent, why are you still working with him/her? We are here to help our clients to walk through their home purchase experience, we use our market knowledge and experience to guide them every step of the way. This is our profession, we have walked through so many different scenarios and solved the problems for our clients.

We are real estate professionals, and we take our jobs and reputation seriously. You may have some previous bad experience with another agent before, but there are still many good reputable agents out there who are honest and work hard for their clients.

Don't let yourself get into some kinds of mess which may ruin your home purchase experience.

Disclaimer : picture from www.shutterstock.com

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Michael Pond

Guaranteed Rate, Inc - Charlotte, NC

The Michael Pond Team

Well summarized Rita! If people will stick with a trusted professional then that will head off most problems before they happen!

Aug 01, 2010 08:28 AM

Barbara Chatterton

The Stark Company Realtors, Madison WI - Madison, WI

Greater Madison Wisconsin Area Realtor

And one buyer told me recently that by only usig each listing agent, she could save one half of the commission with a little simple negotiating. Her dad who was active i buying in the 60's and 70's told her!

Aug 01, 2010 08:29 AM

Rita Fong

RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR

Realtor - Marion Arkansas Homes for Sale

Michael, thank you! There are many buyers know they should contact their own agent for question, showing, etc., but they rather use other agent's time to show them property knowing they won't buy from that agent, it is just wrong.

Barbara, some kind of advice, I say. The buyer doesn't even have to worry about the commission, it is not paid by them, it is paid by the seller. Just pick a great agent to represent them to make sure everything is done right, that's a saving there.

Aug 01, 2010 08:36 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

All they have to do is listen....like we listen to them. ....and keep reminding them they're practicing real estate without a license lol

Aug 01, 2010 02:01 PM

Kay Van Kampen

RE/MAX Broker, RE/MAX - Springfield, MO

Realtor®, Springfield Mo Real Estate

Rita, this is very useful information for buyers. Today, the market is always changing. Finding a great agent that knows the market and is able to save the buyer's money is so important.

Aug 01, 2010 02:08 PM

Sally, isn't it the truth? I think if a client truly trusts their agent, they will listen.

Kay, thank you. There are many great agents out there, and a buyer needs to check around to find the agent they trust and work with.

Aug 01, 2010 02:21 PM

Charles Edwards Bentonville

Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR

AR REALTOR, Bentonville Real Estate Agent and Broker

Rita, Great presentation. You are sharing good information this morning!

Aug 02, 2010 12:45 AM

Charles, thank you! 3 out of 5 above happened before, :)

Aug 02, 2010 02:28 AM

Maya Thomas, Broker

Tampa, FL

Please see my client recommendations.

I have seen some terrible situations that people get themselves into. It happens to buyers more frequently than sellers. Usually sellers working on their own give up after a few months or a year. Buyers just march out and get hit by a car and then they come looking for an agent to help them fix the damage. I don't understand why a buyer would work on their own when they can get an agent for free.

I LOVE your graphic! It's fantastic! Did you make it?

Aug 13, 2010 06:07 AM

Maya, I didn't do the design, I got it from www.shutterstock.com it reminds me of how puzzled most of the buyers are. I think most of them think they are smarter than a real estate agent because of the information they can get on the Internet, but they don't understand those are just general information and every transaction is different.

Aug 13, 2010 06:54 AM

The mess that buyers get themselves into................

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