How do I avoid Shady McGrady Realty? Unless you have been living under a rock for the past decade, you probably know that throughout the United States we have experienced a period of unbelievable prosperity through investment in real estate, followed by an equally dramatic decline and loss in values.
During the good times, the money was flowing into the industry like water over the Niagara Falls. Basically, if you were a warm body banks were lining up to loan you money through stated income loans, adjustable rate mortgages or even negative amortization loans (where the balance that you owe the bank could grow beyond the value of your home). This rainbow time in real estate was great for the short run, but not necessarily reality.
Let's be honest, when you take on a mortgage it doesn't come with a pot of gold, but rather the promise of at least 30 years of hard work before you are free and clear, owning your home outright.
Because fortunes were being made over night through real estate investment in the early 1990's our industry began to attract unscrupulous agents and brokers, motivated purely by greed. Their goal was to make a sale, and it didn't matter what interest rate was charged to their client or how poor of a long term investment the property might be. I refer to these fly by night real estate licensees as the Shady McGrady Group. This Group is motivated by their own self-interest.
So, how do you recognize if your agent is a Shady McGrady? If your agent has two jobs, they might be a Shady McGrady. If your agent doesn't have an office space where they conduct business or is running a brokerage out of their home, they might be a Shady McGrady. If you mention your agent's name to another agent in the market and get either no response or wide eyes like they just witnessed a car accident, they might be a Shady McGrady. If your agent doesn't have a solid website where you can go and search the MLS for free and gain information on community events, you might be working with a Shady McGrady.
At Schweller Properties, we take pride in providing the highest level of customer service. We have spent years networking with the top agents and brokers in the cities where we conduct business. We have built an excellent reputation in the community and regularly support local charity and community groups.
It takes time to build relationships with top performing industry professionals. When you work with us, you can trust that you are working with agents that are committed to building a strong community and that we are focused on the big picture for our clients. If you have questions, please don't hesitate to call or email us and we will get back to you in a timely manner.
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