Friend says "Use ONLY the short sale listing agent to win property'"

By
Real Estate Agent with Alain Pinel BRE 01367196
https://activerain.com/droplet/NXt

"My friend said use only the listing agent on a short sale to make sure I get it."


These “friends” can give the most inane advice.reckless

A buyer was told by his friend to “use only the listing agent to make sure that he can get his offer accepted and the short sale approved.”

When asked how can this friend be so sure?

The buyer said that his friend bought a short sale property and that’s how he managed to get it -- by using the listing agent to write his offer for him.

When asked how many short sale properties the friend has bought, the answer was just that one.

Can someone who just learned how to climb rocks now know how to teach others how to do it?

So how could that person make this statement that only the listing agent can successfully help the buyer conclude a short sale transaction?

Why believe a layman who has completed only one short sale purchase, and not a seasoned short sale realtor who lists and sells short sales day in and day out, for years. Listing agents don't always represent the winning buyers, regarldless of the type of sale: regular, short sale, or foreclosures. Furthermore, some banks will insist on arms' length transactions.

It boggles the mind how some laymen can readily position themselves as experts on certain subject matters after just one experience.


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Buying a short sale? What the buyer needs to know.

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How can buyer write strong and competitive offer on short sale

Be aggressive not reckless if writing a short sale offer in Alameda CA (

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Rainer
152,957
EMILIA B COOPER, REALTOR® SFR.NCHSE.AHWD
LAROSA REALTY - Orlando, FL
Short Sales, Foreclosure & Bank Owned Real Estate

Pacita, Well said, sometimes I see these people who think they know everything but they are just learning, and worst of all they do not want to hear that from those who really have experience to help them ... Great blog about a good point to be considered with; Thanks for sharing! Happy 2013!!

Jan 06, 2013 01:02 PM #1
Rainmaker
497,881
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Pacita - you mean you weren't an expert on short sales after your first sale?!   It's amazing who some buyers will take advice from when purchasing their most important asset. 

Jan 07, 2013 04:22 AM #2
Rainmaker
710,627
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Emilia ---- Sometimes (or should it be oftentimes), well-meaning friends and relatives can derail a purchase that would have been good for the buyer

Jim -- funny man.....And you're right. It boggles the mind whom they will take advice from when it comes to buying a most important asset. When buying a car, people look for their mechanic. But when buying a house, why won't they look to their realtor for assistance?

Jan 07, 2013 04:25 AM #3
Rainmaker
497,881
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Pacita - What's even worse is when they take advice from a friend or family member that bought a house 10 years ago.   Or even 5 years ago.  They don't realize that the market 5 years ago has nothing to do with what's going on today. 

Jan 07, 2013 06:03 AM #4
Rainmaker
710,627
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

JIm --- how true...and we see this all the time! Until we realtors elevate our standing and uphold our good reputation as professionals, I'm afraid the advice of so many of these so-called "experts" will take precedence over ours when it comes to their circle of friends and relatives.

Jan 07, 2013 06:19 AM #5
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Rainmaker
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Pacita Dimacali

Alameda/Contra Costa Counties CA
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