Don't Hire This Person To Help You Sell Your Dallas Metro North Home!

By
Real Estate Agent with Munguia Group (Keller Williams Dallas Metro North)

 

Most of the Dallas metro north area has been in a hot seller's market this year.  But that doesn't mean that just any average real estate agent can sell your home, and get you the most amount of money for your home!  

There are over 115 variables involved in the home selling process that influence whether your home will sell at the top of the market, or if it will attract much lower offers, or worse, no offers at all.  So it is wise to hire a Certified Expert Advisor to help you proactively manage these variables.

Here's an email exchange that's one recent example of a poorly represented seller.  I have a buyer who wants to view a home that's been on the market just 3 days, but we couldn't make an appointment because the showings were "blocked".  So, I sent this email to the listing agent:

What's the status on the home?  Shows active on MLS but blocked showing??  I have a well qualified buyer ready to close:)  Let me know if we can see this tomorrow between 10:30-11:30??

Seems like a reasonable question right?  It's not uncommon in this market for homes to go under contract very quickly.  The answer I received back was very short, and curious:

Cash?

Hmmm, not sure that answered my question, so I tried to pursue further:

No a well qualified FHA loan buyer - can close in 30 days.

OK, and keep in mind we haven't been able to set up an appointment yet to see this home, and haven't found out the current status.  The strange reply that came back was:

What would they put down and when would they close? Why are they buying this home? 

Am I missing something here?  I just inquired about the status of the home, and about making an appointment to see it.  So I'm getting frustrated, but in the interest of trying to get my questions answered, I played along with:

We haven't been able to see it yet, but it would be owner occupied. With FHA it would be 3.5% down. 

 

Alright, so maybe now we'll get somewhere, right?  Wrong!  Here is the response received (short and sweet again!):

Don't bother. Thanks. 

Really?  So what does that mean?  What is the deal with this home?  The description said it was cute and ready for move in, so it can't be in such bad shape that only a cash buyer would be able to take it on.  So, I press the agent again with:

Why? Do you not want to sell it? Could you provide a little info please?

 
"Cute and ready for move in"???
 
Do you already have other offers???
 
Well, I finally got the answer I was looking for in the very first email:
 
Yes we have 5 other offers but thank u. 
 
OK, I give up!  Why didn't they just say so to begin with?  I didn't pursue it any further, but had they already reached agreement with one of the offers?  If so, why these questions?  And, if not, why wouldn't they encourage us to view the home and submit another offer?  Wouldn't 6 offers to choose from instead of 5 be in the seller's best interests?  Was the agent really able to determine that my buyer couldn't possibly come up with a stronger offer than the other 5?
 
So the lesson for home sellers in the Dallas metro north (suburbs of Dallas and Fort Worth, up to Denton) area is to be careful who you hire to represent you!  For more information on how an Expert Advisor can help you, please visit http://www.DFWExpertAdvisors.com.
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Topic:
Home Selling
Location:
Texas
Groups:
Kinder Reese Real Estate Partners
Tags:
homes for sale
home valuation
home value
sell my home
home sellers
texas dream homes
real estate expert advisor

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Rainmaker
320,616
Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055
Texas Five Star Realty, Plano Texas - Frisco, TX
Homes for Sale in Plano, Frisco, Prosper, Allen TX

These are violation of MLS rules and the listing agent can and should get in trouble. If the house is not available to show to everybody, it should not be in MLS. Each association has a MLS committee that are looking MLS violations reported to them. Find yours and report the problem.

Sep 18, 2013 12:25 PM #1
Rainmaker
727,241
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Candi, agents who purport to speak for the client just frost me!  Unless the agent had an accepted offer and the property was placed as a pending sale the property should have been open to show.  If that was the case then CHANGE the status.  It was apparant from his questions he was still fishing for a better contract.  How did he know that your buyer wouldn't have brought in the best offer price wise???  If only the client knew!  Your buyer is lucky to have you, Candi!

Sep 18, 2013 12:47 PM #2
Rainmaker
338,628
Candi Munguia
Munguia Group (Keller Williams Dallas Metro North) - Lewisville, TX
REALTOR®, Texas Dream Homes

Thanks!  I do understand that there can be a delay in getting the status updated in MLS, as this has been a very fast moving market.  But, the agent should at least respond to my query about the status when asked!

Sep 18, 2013 12:55 PM #3
Ambassador
4,001,863
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Candi, you are right - many times, sellers are NOT represented in their best interest. I am sury tou can bring in that chage.

Sep 18, 2013 04:03 PM #4
Rainmaker
1,293,514
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Candi...this is a great post.

I think the agent saw an easy path to his commission check and did not want to rock the boat...even if it meant getting higher dollars for his client.

Sep 20, 2013 12:30 AM #5
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Rainmaker
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Candi Munguia

REALTOR®, Texas Dream Homes
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