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If YOU Want to Give Away The Farm, That's YOUR Call!

By
Real Estate Agent with Leigh Brown & Associates, RE/MAX Executive

angry bull animationBut don't expect me to work for free along with you!

Please humor me in this rant-I have a couple of points to make, actually.

I received an offer on one of my listings 10 days ago (hooray!), very LOOOOOOOOOOW but hey-that's the game some buyers choose to play.  Bear in mind that this house is less than a year old, in beautiful condition, priced accurately in a good neighborhood/good town/good school district, etc.  Has had excellent traffic.  We negotiated over this ridiculously long 10 day period (around here things are usually hammered out within 24 hours unless banks or relo are involved), the sellers finally agreeing to the buyers' last counteroffer.

That was Friday.

On Saturday, still had no paperwork from the buyers (we started on paper and negotiated verbally as per our local custom), the buyer agent told me I'd have it Saturday.  Nothing.

Sunday comes, nothing. I call the buyer agent to find out the scoop, he tells me I'll have it on Monday. I ask what the holdup is-do his buyers want the house or not?  Because I haven't stopped showings, having nothing on paper at this point.  He swears that they do want the house, but he can't press them to sign the contracts since-and I quote-"if I press them, they will think I'm working for you!"

Ahem.  WHAT?   That's not working for me-that's being honorable and getting contracts signed if you have the intention of purchasing a home!  The seller agreed to YOUR counter, so where is the paperwork?

On Monday, the illustrious buyer agent calls my assistant-not me-and tells her that they will only sign the papers if we make one more concession.  Which AIN'T GOING TO HAPPEN.  My seller is pretty ticked at this point, he agreed to their proposal but they want to go back and ask for more?  He (rightfully) feels pretty jerked around and doesn't appreciate it.  Neither do I.  So I called this agent back and explained that if indeed he feels so strongly that his people should have this last concession, HE can pay for it out of his commission. 

Then it gets good. (are you hanging on the edge of your seat?)  He tells me that he's already paying their closing costs (not to give away numbers, but the amount he shared with me is more than half of the buyer side commission), because they told him-I love this-that they wouldn't use him unless he did so. Did they smell a sucker?  Perhaps.  So he tells me that I can provide the concession out of my commission to hold the deal together.  OH NO.  Don't come after my hard-earned money because you can't be straight with your clients!  My seller would have been FURIOUS had I given in, considering how weaselly (is that even a word?) this deal feels already.

So they went ahead and signed the contracts.  We won.  Without giving away the farm...

Kristal Kraft
Novella Real Estate - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

Leigh ~ another one bites the dust.  One by one they give it all away and leave the business.

kk

Dec 19, 2006 12:06 PM
Leigh Brown
Leigh Brown & Associates, RE/MAX Executive - Charlotte, NC
CEO, Dream Maker - Charlotte, NC

I sure hope you're right, Kristal!  The man works a full time job and is his own broker...I looked up his shop to complain to a BIC-but he's one of the one-man-band agents.  Nice.  And you know and i know that if he had had the b%^&s to say NO to these people, but show his worth as a professional-they would not have asked him for his commission dollars (and wouldn't have walked had he said NO).

Weak.

Dec 19, 2006 12:09 PM
Virginia Halter
RE/MAX Signature Properties - Harrisburg, NC
ABR, CDPE, CRS, GREEN, SFR, SRES

His own BIC????  Unbelievable.  How could you stay in business if you don't feel you earn your money?  AND if you do feel you earn your money it is much harder to let go than that.  I wonder if the buyers have done this so many times they feel it was worth giving up any representation to go the cheap route?  

We should picket the offices of agents like this.  Big signs, "LEAVE! LEAVE!" 

Dec 19, 2006 11:43 PM
Leigh Brown
Leigh Brown & Associates, RE/MAX Executive - Charlotte, NC
CEO, Dream Maker - Charlotte, NC
But how DOES one picket his office?  When he works a full-time job and is a real estate agent once in a while?  Doesn't have a trust account, doesn't know local attorneys, didn't know WHAT DISCLOSURES are...sheesh.
Dec 19, 2006 11:45 PM
Virginia Halter
RE/MAX Signature Properties - Harrisburg, NC
ABR, CDPE, CRS, GREEN, SFR, SRES
Maybe if you just ask him nicely?  Nah, that won't work.
Dec 20, 2006 02:37 AM
Ginger S
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~
Good work Leigh. One more round for your corner, Yeah!
Dec 20, 2006 06:59 AM
Leigh Brown
Leigh Brown & Associates, RE/MAX Executive - Charlotte, NC
CEO, Dream Maker - Charlotte, NC
ginger, did you like the graphic?  i think it's my favorite freebie ever. =)
Dec 20, 2006 07:02 AM
Ginger S
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~

Cute. Mad Cow Dancing LOL !

How do  you get it to move?

I tried inserting a moving graphic once, Did not work>

G

Dec 21, 2006 07:36 AM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Leigh.... not even giving away the farm, maybe your shoes.... the shirt off your back...etc etc.  Hey, I give away part of my commission at times, but it's when the deal goes south, possibly because the appraisal came in low.... they gift that they were receiving fell short....etc etc.  But I don't tell a client to go get more if I didn't price the deal right the first time.  In your case...as you said, why should you give anything away, when this guy was giving away his house and probably promised yours also....at first, without you knowing it... lol

Other agent.."hey Mrs. Client, don't worry, all of us agents want to see all clients happy and we will be willing to make it work for you. Don't worry your little pretty pocket book, we'll take care of it."   LOL  Don't you love it when others spend your money.??? 

Dec 21, 2006 11:56 AM
Leigh Brown
Leigh Brown & Associates, RE/MAX Executive - Charlotte, NC
CEO, Dream Maker - Charlotte, NC
Hey Jeff-I've eaten mistakes before too-but like you, it's to save a deal-not get one in the first place.  This guy doesn't know his worth...or maybe he does?
Dec 21, 2006 11:53 PM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Leigh....no.. he doesn't know his worth.....   even if new.....  the clients are treating him like a used car salesperson. Sorry to all those that sell cars.... but this is not the sticker price.
Dec 22, 2006 12:01 AM
Anonymous
Reece Simpson
too funny!
Feb 01, 2007 01:38 PM
#12
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

Hey, Leigh...

Can I give you half my commission off one of my contracts?

I mean, this IS volunteer work after all, isn't it?

:=)

Feb 05, 2007 01:39 PM
Leigh Brown
Leigh Brown & Associates, RE/MAX Executive - Charlotte, NC
CEO, Dream Maker - Charlotte, NC
Gee. Mike, if you were truly looking at this in a giving spirit, heck you'd give it ALL to me and smile about it. =)
Feb 05, 2007 09:17 PM
Mike Jaquish
Realty Arts - Cary, NC
919-880-2769 Cary, NC, Real Estate

You are right, Leigh.

I am flawed.

:=)

Feb 05, 2007 10:26 PM
Nicole Arnold
The Views at Cranberry - Cranberry, NC

I love the mad cow picture.  This story is one for the record books.  I'm worried this broker you worked with doesn't know what he's doing.  At first, I thought, "Well, he's thinking he's competing with the discount brokerages..." but as your story continued, I realized, "He's in trouble."

 

Feb 07, 2007 11:24 AM
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

yes, i think weaselly is a word.... whether it is in the dictionary or not.

wow

 

Apr 06, 2007 02:19 AM