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Dueling Ego's

By Jon Eliason

Real Estate Agent with EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado

July 09, 2012 11:08 PM

Those Banjo's are playing in my head.

Every once in awhile, I'll get Investors who Flip their newly purchased property, once they are ready to do so. Normally I'll have a non-Realtor® or non-investor type on the other side of the transaction.

I recently ran into a situation where there were Investors on both sides of a possible conveyance.

As a Transaction Broker, in the State of Colorado, I am allowed to assist both sides of a transaction, provided both Buyer and Seller are aware of this and they agree to it. (If there were a Buyer or Seller Agency involved, this would not be allowed).

Long before any type of negotiating would have ever take place, both sides had THEIR agenda and neither would budge. Both sides wanted this and that and the other side, to them, didn't matter.

I think there has to be a "Give a little, Take a little" type of mindset on both sides if negotiating a sale of a property is ever to take place.

Get over your Ego's folks! ~ For just that reason, the sale never occured.

Oh well..... Next?!

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John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Morning Jon -

Catchy title and quiet fitting! I have not experienced duel investors but I can only imagine it would be exactly as you said dueling egos at their finest!

Jul 09, 2012 11:12 PM

Jon Eliason

EXIT Realty Advantage Pagosa, Pagosa Springs, Colorado - Pagosa Springs, CO

John ~ It's funny, really. They are stuck in the mud and they won't ask or accept help from another party. It can be really sad for both sides, it's non productive, especially when it just wastes everybody's time. Thanks for stopping in.

Jul 09, 2012 11:37 PM

Belinda Spillman

Aurora, CO

Colorado Living!

Jon, I hate being a transaction broker. I have had to do it from time to time, but I never like it. Don't you wish you could just kick em in the butt at some point.

Jul 10, 2012 01:14 AM

Doug Rogers

RE/MAX Coastal Properties - Destin, FL

Your Real Estate Resource!

The larger the egos, the larger the lawsuit. Best to steer clear of such folks.

Jul 10, 2012 02:16 AM

Cheryl Thomson (Army Veteran)

Pearson Smith Realty - Gainesville, VA

Associate Broker in Northern Virginia

Hi Jon. I hope for a happy ending. I don't think I have the patience, however, I'm sure you perfected your strategy. Good luck.

Jul 12, 2012 03:26 AM

Cheryl ~ Sometimes it can be a pain in the you know what, but I was fortunate to know that they were both who they were. Not having that knowledge could have gone South quite easily. The buyer investor seemed to think he could "One Up" the Seller, but my Seller has been around the block before and he wasn't about to fall for any tricks an unseasoned non veteran would try to pull. We never even got to a starting point. Thanks for stopping by. :)

Jul 12, 2012 12:33 PM

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