Drop Your Atlanta real estate agent, and Let's Work a Deal!

By
Real Estate Agent with Crye-Leike REALTORS® 165062

 Atlanta Home Buyers Beware!

All too often in real estate Atlanta new homes subdivisions and will make a pitch to real estate agents to bring their buyers to their Atlanta new home subdivisions. They will routinely host free real estate agents luncheons, drawings, bonuses to get your attention! When times were really hot in real estate, they would lower commissions and incentives because the product is selling itself, and they didn’t need the real estate agent! Now that times are really slow, and builders are getting a little desperate…some Atlanta new home builders they are doing things a lot more unethically! Since homes with tremendous incentives aren’t selling some Atlanta new homes subdivision agents are resorting to telling buyers…“If you come back without your Atlanta real estate agent, I can work a better deal for you!” How do I know? Atlanta home buyers are telling us so! Some builders do this because they do not want anyone to find out how bad a product they build, or advise you as an Atlanta buyer not to proceed without having a new home inspected, and the deficiencies fixed. If you have your own buyers representation, your buyer’s agent may advise you that the deal the builder is offering you for closing with their lender is not such a good deal after all! That more favorable rates and terms may be more easily found elsewhere.

Atlanta home buyers need to beware of purchasing a home without buyer representation. A builder can never represent the buyer’s interest; they only represent their own interests. The best advice? Never by a new home unless you have an experienced buyer’s agent representing your needs!

Jim Crawford

 

 

 

 

Subscribe To Our Atlanta Real Estate Blog in a reader

Subscribe Now!

...with web-based news readers. Click your choice below:

addtomyyahoo4Subscribe in NewsGator OnlineAdd to My AOLSubscribe in RojoSubscribe with BloglinesAdd to netvibesAdd to Google 

Posted by

James Crawford ABR, Broker Associate

 

 

 

 

Atlanta Real Estate | Atlanta Homes for Sale - Call Now!

 

678-595-5283 Direct

 

What's My Home Worth?

 

Jim Crawford Crye-Leike REALTORS® AtlantaAtlanta Real Estate AgentsAlpharetta GA Homes for SaleAtlanta Luxury Homes, Dunwoody GA Homes for SaleAtlanta Real Estate &  Atlanta Homes for Sale,  Gwinnett Homes for SaleAtlanta Real Estate BlogCumming GA Homes, Decatur GA Homes for Sale.   

Atlanta Homes for Sale | Atlanta Listing Agents | Atlanta Buyers Agents

 

Atlanta Real Estate for Sale

 

Buying A Home

 

Selling A Home in Atlanta

 

Atlanta Real Estate Agents - Contact Us

  

Jim Crawford Atlanta Real Estate Social Media icons

Search Listings

Search By
City
Type
Price -
Beds/Baths /
 
 More Options
 Map Search
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Georgia Fulton County Atlanta
Tags:
new homes
atlanta new homes
hot deals
home buyer incentives
atlanta builder incentives
same money
will pay closing costs
paid closing costs

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Nancy Moeller  We had a person call today and tried to pick our brain and then actually told the the name of the builder.  Garbage product!
Nov 26, 2007 01:38 PM #3
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Lisa Hill (Daytona Beach REALTOR®)  They do it all the time.  However, most friends of mine just pass the word around the office and all my agent friends!  Actually it is a lot of fun!  It kind of backfires on those builders in a big way!
Nov 26, 2007 01:40 PM #4
Rainmaker
703,868
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Jim, Don't those guys have any brains at all? Good luck getting your message through to the buyers.

Bill Roberts

Nov 26, 2007 02:30 PM #5
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Bill Roberts - "Baby Boomer" Retirement Planning   I'd love to get my message through to builders also!
Nov 26, 2007 02:45 PM #6
Rainer
33,097
GA-agent.com Georgia Real Estate Directory
GA-agent.com - Canton, GA

Jim,

I'm up in Cherokee County and have read (3) different articles about these very same types of builders...who are now going out of business.

Thanks for the good read...and better yet, taking a strong stance against these unethical practices.

Nov 26, 2007 04:28 PM #7
Ambassador
251,062
Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK
Retired

Hi, Jim

Good post.  We've had a couple of builders trying that little trick here but so far it hasn't worked all that well.  Interestingly it's the builders that have the worst reputations for quality that are trying to push houses that are a good 15-20% over market value.

Nov 26, 2007 08:18 PM #8
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
James Coogan--Ellijay, GA REALTOR®  Thanks!  I think we need to let the builders know that we know what they are doing!  I once had a buyer of mine that was registered in a subdivision solicited by the on-site agent to drop me!  She had faxed him a contract!  I asked that he foreword it to me, and noticed the property they wanted to sell was in a FLOOD ZONE!
Nov 27, 2007 01:28 AM #9
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Fairbanks, Alaska Realtors Jesse & Kathy Clifton  Years ago I was working very hard with one particular buyer that all of a sudden dissapeared off the radar.  This was the scenario..she called me up hysterical that she wrote an offer with a builder, put up earnest money wrote a contract with him, and a few days later he wasn't returning the call.  When I asked her how much money she had placed down the answer was she put down 60K!  He filed for bankruptcy, and she lost the money!
Nov 27, 2007 01:33 AM #10
Rainmaker
214,937
Mike and Dawn Lewis
The Lewis Team at Keller Williams - San Diego, CA
The Lewis Team at Keller Williams in San Diego CA

Jim,

I have seen this done as well by new home agents. They are in opinion the exception to the rule. Most new home agents I have met and worked with "in San Diego" have been very reputable and have not done this that I know of. I guess with things tighter more of them might resort to this. I hope not.

Mike Lewis

Nov 27, 2007 03:11 AM #11
Rainmaker
1,048,125
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Jim - That is amazing! Talk about putting the noose around your head. What do these builders think is going to happen to their reputation? I guess they are not thinking about the future. Some of them must be really desperate.
Nov 27, 2007 03:56 AM #12
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Mike Lewis  I was talking to some new homes agents at a continuing education class.  They told me the builder had instructed them to do this!  Not all builders are like this.  This agent jumped companies because she felt it was highly unethical.
Nov 27, 2007 06:24 AM #13
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Bill Gassett Metrowest Massachusetts Real Estate  I guess hte builders haven't thought out the entire scenario!  I know I have!  I will not do business with people like this!

Nov 27, 2007 06:25 AM #14
Ambassador
3,085,414
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I was helping my Mother move into a brand new condo that I'd help her purchase.  On moving day, I needed to stop into the sales office to get the elevator key and walked into a conversation that lasted the fifteen minutes it took until I dropped off the elevator key to the builder rep.

The rep in question, had no idea who I was.  AND I LOVE that I overheard this.

She had a couple that were represented by an agent.  She was telling them she could only lower the price of the condo if they chose to go unrepresented.  I felt like screaming at the top of my lungs, "NO!  Keep your agent.  I just negotiated with these builders and got a unit $70K below their list price......and they still paid me my commission." 

Builders are the worst!!!

Nov 27, 2007 08:56 AM #15
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Chris Ann Cleland  I fully agree!  Wow!  What a story!  It is the biggest mistake a buyer can make is to buy a home without representation of a buyers agent!  I also went into a few new homes subdivisions recently and did not identify myself as an agent!  Builders are full of BS!  You should hear what they are telling buyers!
Nov 27, 2007 09:23 AM #16
Ambassador
251,062
Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK
Retired
Jim: 60K?  Wow, that's quite a hit.  It amazes me that people will turn over that kind of $$ to a near total stranger.  You can bet that's probably a lesson she won't soon forget. 
Nov 27, 2007 11:12 AM #17
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Fairbanks, Alaska Realtors Jesse & Kathy Clifton  I would have prefered the loyalty and a commission paid to me after all the time I spent with them.
Nov 27, 2007 11:26 AM #18
Ambassador
251,062
Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK
Retired
I'm sure... looking back on it she probably wishes she had opted for representation as well.  Some people have a penny wise, pound foolish mentality though.
Nov 29, 2007 08:30 PM #19
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Fairbanks, Alaska Realtors Jesse & Kathy Clifton  I Agree, that a lot of persons felthey are much smarter than the average real estate agent, and can make a few dollars also!  Like you said 'Penny wise, pund foolish!"
Nov 30, 2007 01:51 AM #20
Rainer
19,021
Heather Elias
Century 21 Redwood Realty - Ashburn, VA

Jim,

Just wrote about this myself. Many of the builders here are courting Realtors, but the ones that try to give the financial incentive for buyers to be unrepresented just chaps me.

Cheers,

Heather

Dec 03, 2007 11:08 PM #21
Ambassador
1,485,851
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Heather Elias  it drives me crazy!  It is like a for sale by owner that wants you to bring in buyers, but will not offre to pay you!
Dec 04, 2007 03:51 AM #22
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,485,851

Jim Crawford

Jim Crawford Atlanta Best Listing Agents & REALTOR
Contact Me Now!
*
*
*
*
Spam prevention

Additional Information