Why buyers MUST use a real estate agent!

By
Real Estate Broker/Owner with Wiegman Realty Group

Jsut wrote a contract on a property here in Manatee County, Florida.  The listing was entered into MLS by a flat fee brokerage for ($150). All showings, questions, offers, etc. had to be directed to the seller.  The first thing I do when I want to write an offer is pull up the tax data to confirm who the property is title too.  Lo and behold, it was not titled to the company listed on the MLS sheet.  But, don't panic yet!  Here in Florida and in the counties I service, there are many tax deed sales happening and tax data may be a bit behind.  Doing my due diligence, I was able to search tax deed sales.  Seller did not show up in this property, but on another property.  All is good so far.  From this research, I was able to obtain more information on who this seller is, where there office located and who represented the seller (it was a management trust).  The next thing I did was search public records under the sellers name and found the foreclosure information and saw that the proceedings occurred and it went to on line auction for sale in June.  Then I researched the auction sales and BINGO, there was the sale listed and the title certificate issued to the new owner, the one on the MLS sheet.  Sure, I could have asked the seller myself, but he took too long to return my phone call, so hence I conducted my research.  It took all but about ten minutes to see that this property was being sold by the rightful owner.  Yes, the title company would have picked it up, but why waste my and the buyer's time?  The buyer was excited to purchase it after gruelingly waiting for a short.....I mean "long sale" to fall apart. Why let them down by not researching first!!!

There have been horror stories here in Florida about houses being rented out by someone who was not the owner and people being scammed on houses being sold by scam artists who take the deposit and run! 

 

The old saying "Let the Buyer Beware" still stands!  But, I say, "Let the Buyer Beware AND use a Realtor."

 

Helen Wiegman, GRI, CDPE

Broker-Owner

Wiegman Realty Group

www.wiegmanrealty.com

941 962-5848

wiegmanrealty@gmail.com

 

Comments (6)

Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Good call to do the footwork yourself.  I hope the client appreciated your due diligence 

Jul 21, 2012 12:53 AM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

If your market has that sort of movement going on you are doing a great service by doing the research.

Jul 21, 2012 12:55 AM
Helen Wiegman
Wiegman Realty Group - Lakewood Ranch, FL

Thank you!  "It's how I roll."  First time home buyer and scared to death too!

 

It all about helping people and building relationships.  It's not a huge commission, but the gratification is worth more than the commission!

Jul 21, 2012 01:01 AM
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

When buyers do not wisely choose a realtor, they are taking chances on one of the most important financial decisions they make in their lifetime.

Jul 21, 2012 01:23 AM
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Jul 27, 2012 03:20 AM
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

fairfax county real estate agents Jan and Steve Bachman

 

 

 

Way to be a professional Helen. It is too bad that it takes soooo much work to let the public know the difference between a real estate "hobbiest" and a knowledgeable pro.

Aug 09, 2012 12:14 AM