11 Reasons Why Real Estate Is Not Easy

By
Real Estate Agent with Douglas Elliman Real Estate in Babylon NY
https://activerain.com/droplet/4nZT

11 Reasons Why Real Estate Is Not Easy 11 reasons why real estate is not easy

  1. Buyer's bank gave us a clear to close on a coop and the bank said, "oopsie" we didn't get the insurance certificate for the coop development although we requested it 16 days ago. Bank never followed up but I spent almost 7 hours getting the insurance certificate for the bank. How in the world do you give a clear to close with paperwork missing? I guess there is a first time for everything.
  2. Buyer's agent went incognito and I had to deal with her buyer from beginning to end along with my sellers including the walk-through and being at the closing. Her buyer is a close relative too. Maybe I should have demanded her commission check since I never received even a thank you.
  3. Spent one month dealing with a seller that accepted my buyer's offer twice only to pull the rug out from underneath them a third time. Then they wanted them back. Three strikes, you're out. My clients moved on.
  4. Met with a seller a few years ago who had a hoarding house. Turned down the listing only because they declined my helping them to declutter. Cannot do a proper home inspection with a cluttered home and I certainly can't place a home on the market that just will not sell even when it would have been priced right.
  5. 1-1/2 years to get a dilapidated short sale with Spank of America to close. I spent at least a few hundred hours on this so my client could get on with his life.
  6. Spent six months with a listing that didn't sell because the seller's attorney, who is a criminal law attorney, forbade my client not to entertain offers in order to drag out the divorce. I was threatened once with an ethics violation because the selling agent thought I didn't present her buyer's offer. Thank goodness I had proof in writing that I presented the offer to my seller. Didn't see that one coming.
  7. Took 5 months to close on a house because the buyer switched his mortgage product without telling anyone right before he got his mortgage commitment on the first one.
  8. A buyer who purchased one of my estate listings decided to at the last minute extort $1,500 for having to rent a dumpster to remove items from the house. It was in the contract that the buyer agreed to handle the removal of those items but my seller didn't want to put the house back on the market so she gave in.
  9. Another buyer who purchased one of my short sale listings did the same thing as #8 did. I figured out it was the attorney since it was the same attorney for both buyers. Not exactly an ethical one and I'm leaving it at that.
  10. A buyer who purchased one of my listings through his agent, decided at the contract signing he wanted a bunch of little things fixed like replacing light switch plates and power washing the front steps or else he won't sign. Right at that moment I received a full price offer from another buyer's agent. The first agent said his buyer was hoping my seller would be loyal. Really? Bye-bye buyer #1. That is what you get for thinking you had my seller by the kahonas.
  11. My seller endured a buyer who wanted a monetary credit for an almost new HVAC system and water heater all because an incompetent home inspector said it was nearing its end of life. I saw the new HVAC system being installed and we had the warranty on hand. I told her not to give in. She didn't and a few weeks later received a better offer and we closed seamlessly.

If real estate agents got together to write a book it would be Volume I to Infinity.

I spend about 50-60 hours per transaction to make sure it gets to the closing table for my clients. Anyone who thinks real estate is easy should think again. Lucky for my clients that I love my job or else they would be working with a crazy person.

Call Jackie today 631.703.0201 when you want to sell your Long Island NY home with an agent that keeps it together for you.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lenn Harley 09/30/2014 04:33 AM
Topic:
Real Estate General Information
Location:
New York Suffolk County Babylon
Tags:
jackie connelly fornuff
lindenhurst ny real estate agent
11 reasons why real estate is not easy
being a realtor is not always easy

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Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Beth, #10 will always be my favorite. That was a very sweet moment! That is a great question to ask. What is your answer to that one?

Hi Margaret, And it's a very short list too. Have a great day!

Hi Rebecca, We are never alone in real estate :)

Sep 30, 2014 03:00 AM #12
Ambassador
3,061,408
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Have you been taking notes on all my transactions? :)

You have outlined 11 good examples. And we all have so many more. In order to stay in this wonderful business....you have to be solving constant challenges. 

Sep 30, 2014 03:11 AM #13
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Margaret, These were mine but we all have had them and with each transaction, comes new issues to solve each time. I have never had a 100% smooth flowing transaction. There is always someone throwing a wrench in the mix. We go with it, find a solution and move on to the next.

Sep 30, 2014 03:17 AM #14
Ambassador
2,896,207
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It's not easy, but too often we make it look easy to clients, then they run out and get their license and find out what the real world is like

Sep 30, 2014 03:32 AM #15
Rainer
208,276
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

I hear it all the time. Sure real estate looks easy because a sign goes up and at some point, hopefully, a SOLD sign is attached.

 

What happened behnd the scenes is another matter entirely. No one sees that.

Sep 30, 2014 05:09 AM #16
Rainmaker
396,646
Marney Kirk
Cummings & Co. Realtors - Towson, MD
Towson, Maryland Real Estate

Jackie, real estate is certainly not easy. I am sorry so much of this has happened to you and your clients recently!

Sep 30, 2014 05:55 AM #17
Rainmaker
813,919
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

Everyone has these unique horror stories that make the job fun.  If everyone compiled a list we would have almost everything that is possible to happen during a transaction.  

Sep 30, 2014 06:07 AM #18
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Spank of America . . . that's funny. Yeah, and most consumers in the general population aren't going to have the slightest idea of what #1 means anyway.  LOL 

Sep 30, 2014 07:05 AM #19
Rainmaker
1,368,908
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566

When it is summarized, it becomes clear that some of our days are tough days at the Ranch.

Sep 30, 2014 08:46 AM #20
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Richard, exactly!

Hi Marney, it is what it is. At least I had resolutions that worked to get them to close.

Hi Kevin, if we all chipped in with our experiences, we would need many volumes, lol.

Hi Carla, I have to keep things funny at times. #1 will have many not knowing what I'm talking about.

Hi Cheryl, Yes but thankfully most days are pretty good.

Sep 30, 2014 09:22 AM #21
Rainmaker
17,054
Nancy Herrmann

I think it is the industry as a whole Jackie, buying and/or selling a home is so darn emotional that it brings out the worst in people.  I keep telling my co-workers, I long for the day when someone says "you dont have to kill yourself getting this deal closed, just let us know when it is ready to close".  Like THAT day is ever coming!!!

 

Sep 30, 2014 10:35 AM #22
Rainmaker
1,317,601
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This business not easy.  There are a lot of highs and lows.

Sep 30, 2014 12:18 PM #23
Rainmaker
2,394,983
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

We are, with out a doubt, Professional Visitors and Fire Fighters!

Sep 30, 2014 02:20 PM #24
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

HI Nancy, we also kill ourselves to get deals closed. We can thank the banks for that!

Hi Joan, you have that right!

Hi Evelyn, yes we are!

Sep 30, 2014 07:55 PM #25
Rainmaker
531,351
Karen Baker
Sunset Beach and Beyond Realty - Sunset Beach, NC
Professional Help with Rapid Responses...

Jackie ~ If I could read minds life would be so much easier as a Realtor ...  

Don't think that would help much either!!

 

Sep 30, 2014 10:34 PM #26
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Frank, I'm not sure about that myself. But, what if? Have a great day!

Sep 30, 2014 10:37 PM #27
Rainmaker
1,121,986
Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Oh my word all of these issues are nightmares that we all contend with on any given day!  You are so right - it is not an easy job.

Oct 02, 2014 12:26 AM #28
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Paula, as long as the positives outweigh the negatives, then we are good. Have a great day!

Oct 02, 2014 12:34 AM #29
Rainmaker
610,964
Claude Labbe
Real Living | At Home - Washington, DC
Realty for Your Busy Life

Good thing some of us love this profession.  If it was work, we couldn't survive.

I love #8 ...just love it.

I recently pulled a #10 (I was the listing agent)...and the buyer was apoplectic and didn't understand that buh-bye meant really really, buh-bye.

Oct 02, 2014 10:54 AM #30
Rainmaker
749,948
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Claude, #8 was a doosy. #10 is my ultimate favorite! Seller got $10k more for his house too. Slightly above asking. We love our profession or else we wouldn't be in it. Have a great day Claude!

Oct 02, 2014 09:58 PM #31
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Jackie Connelly-Fornuff

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