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It Ain't Over Til It's Over --- and Not Even Then

By
Real Estate Agent with RE/MAX Properties

Contrary to what some people think, being a Realtor/Broker is not a cushy job! Even back in the 80s, when many of us were writing contracts on the back of our cars --- so worried that we wouldn't get our offer in before the 10 people in front of us --- the process was fraught with landmines you couldn't anticipate.  Well, I wish I had taken more time to enjoy those days because it's a whole lot more difficult now.  I call it the "Everyone's P_ _ _ed Market."

Sellers believe they're giving their homes away, and swear up and down when the inspection report comes back, "I'm not doing a damned thing to this house. They can go buy another house!" Buyers, on the other hand, believe they're still paying too much, and rant, "There's a whole lot of homes on the market, so if they're not gonna fix anything, we'll just find a Seller who will." Then the haggling begins.  Both Buyer and Seller believe their attorneys are behind the scenes working hard to get them the best settlement.  Wrong.  Any good Realtor knows she can't depend on the lawyers working the kind of hours we do to settle these disputes.  I hear far too often from attorneys, "You know, I don't make the kind of money you do on a closing. I'm really working for nothing." My answer always is, "You've got three choices: (1) call one of the attorneys who only does closings, has an office that runs like a well-oiled machine, and belongs to the local country club, and ask him how he does it; or (2) charge more for your services, or (3) stop doing closings.  Two good Realtors are far more likely to avoid contract explosions by going back and forth between the parties before tempers flare, and one party walks.

But, even when you think all issues have been settled, you'll inevitably get the frantic late-night phone call telling you, "We're wondering if we paid too much for the house,"  Or, "My wife doesn't think she can deal with having a pool with three little kids." Or --- and this is my current favorite --- "We need to re-write the contract so my clients won't know what I paid for the house. Maybe we can write a seperate contract, and say we paid $300k for the furniture."

Don't get me wrong --- I love my job.  I'm just getting tired of hearing how cushy it is.

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Ah, but we have the best seat at the play, right?   Not always a good play, but always interesting/a learning experience.  

Mar 18, 2012 02:32 AM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

My closing Friday featured both shouting and plot twists! Come to find out the Seller had an ex-husband still on title. The LA did not bother asking his client if there was anyone else on title. When folks tell me agents are over-paid I chuckle.

Mar 18, 2012 02:32 AM
Kate Conover
RE/MAX Properties - Franklin Lakes, NJ

Oh, Lord, the dreaded ex shows up, and the plot thickens!

I just read an article about fruit flies liking alcohol. Maybe they know something we don't.

Good luck!

Kate

Mar 18, 2012 03:13 AM
Leslie G. Rojohn
MoonDancer Realty - Sylva, NC
GRI, ABR ~ MoonDancer Realty

Yes and back in the 80's we were dealing with 18% interest rates, one page contracts and still had more satisfied people.

Mar 18, 2012 03:29 AM
Kate Conover
RE/MAX Properties - Franklin Lakes, NJ

When my rate went down, from 16% to 11%, we went out to dinner to celebrate!  Today's buyers want to wait until rates are below 3%.  I'm so happy I'm not 25 anymore!

Mar 19, 2012 05:23 AM