I Don't Like Real Estate Agents

By
Real Estate Agent with Buyer's Edge Company Inc
https://activerain.com/droplet/5dCk

In the movie,  Lemony Snicket's A Series of Unfortunate Events, the Baudelaire children's Aunt Josephine has an irrational fear of Realtors. But is it so irrational?

woman on a cliff reaching for help

Fear of Realtors

I met a young lady today who started our conversation with, "Don't take this the wrong way but I don't like real estate agents!" And then she tells me why and I completely get it.

 

People get burned by bad real estate agents and it's very hard for them to come back from that experience. After all, 

a home buyer is making the biggest financial purchase of their life. They need to know they can trust and count on their Realtor to be advocating on their behalf every step of the way!

To be clear, this young lady had not done her homework.

She saw a house she liked and called the listing agent who had a sign in the front yard. She asked the listing agent for a tour and while they toured the house, she told the listing agent how much she loved the house. 

 She said, "The listing agent wasn't answering my questions about the condition of the house. I felt like I couldn't trust her!" What she didn't know is the listing agent is representing the seller and has a fiduciary duty to his client. These fiduciary duties include; loyalty, confidentiality, disclosure, obedience, accounting and reasonable care and diligence. 

Buying a home for the first time?

Here are a few things to consider before going to an Open House or calling a real estate agent.

Buying your second or third home? The rules have changed. Know your rights as a home buyer. 

  • You have the right to full and uncompromised representation - Research your options as a home buyer. There are buyer agents and exclusive buyer agents. Buyer agents work with Brokerages that list properties for sale. Exclusive Buyer Agents work with Brokerages that only represent home buyers. Their Brokerage does not list homes for sale. You will never sign a dual agency agreement with an Exclusive Buyer Agent. 
  •  Interview your real estate agent - Check their reviews and see how quickly they respond to emails, texts, and phone calls. You want a responsive agent who will go see a property as soon as it comes on the market. 
  • Do not call a listing agent - If you want to have full representation, don't contact the listing agent. This person, as I've mentioned earlier, has signed an agreement with the seller to represent their best interest. You need someone to be on your side 100%.
  • Don't disclose your interest in a property at the Open House - The agent at the Open House works for the Brokerage representing the seller. While this person will answer your questions about the property, remember that they work for the seller. You want to work with a real estate agent who will advocate on your behalf. Someone who will negotiate the sales price, negotiate the repairs and credits found in the home inspection and be looking out for you during the entire home buying process. 
  • Learn the commute & the neighborhoods that work for you - In Washington DC and Baltimore, the commute times can be brutal. Consider your drive times and talk to your spouse about what makes the most sense for both of you. Drive the neighborhoods of interest and check out what the communities have to offer. 

Buying a home is challenging but it can be fun. Do your homework and interview agents to be sure you have an advocate on your side!

 

Posted by


4849 Rugby Avenue Bethesda Maryland 20814 office 301.657.1475 cell 301.922.1677

 

Victoria Henderson is Vice President & Associate Broker with Buyer's Edge, Exclusive Buyer Agent & Realtor in Virginia, Maryland and Washington DC. Victoria is a certified Military Relocation Professional 

 

 

Marshall Henderson is a Certified Negotiation Expert & Exclusive Buyer Agent with Buyer's Edge & Realtor in Virginia, Maryland and Washington DC

Certified Negotiation Expert

 

Members of National Association of Exclusive Buyer Agents

Not Just a Buyer's Agent, an Exclusive Buyer's Agent. There's a Difference. Learn more at: 

 HomesBuyHendersons.com & BuyersAgent.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Groups:
Dedicated Bloggers
Local Expert
EXPRESS WITH WORDS AT ACTIVERAIN
Advice for Buyers
HyperLocal Neighborhood and Community Posts
Tags:
first time home buyer
naeba
buyers edge
how to buy a home
victoria ray henderson
homesbuyhendersonscom
can i trust my real estate agent
i hate real estate agents

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,052,896
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great post, Victoria... and your title certainly got my attention! And I can commiserate... sometimes I don't like real estate agents, either! 

Aug 03, 2018 03:22 AM #1
Rainmaker
3,052,896
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Carol Williams hi Carol... I'm suggesting this post for your Second Chance Saturday.

Aug 03, 2018 03:23 AM #2
Rainmaker
295,824
Victoria Ray Henderson Marshall Henderson
Buyer's Edge Company Inc - Bethesda, MD
Real Estate for Home Buyers with Buyer's Edge

Thanks Nina Hollander I appreciate you reading the blog! Hope you have a good weekend.

Aug 03, 2018 04:43 AM #3
Rainmaker
3,572,374
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Victoria and Marshall. This is an excellent post and explains a lot.

Aug 03, 2018 06:18 AM #4
Rainmaker
295,824
Victoria Ray Henderson Marshall Henderson
Buyer's Edge Company Inc - Bethesda, MD
Real Estate for Home Buyers with Buyer's Edge

Thank you Sheila! Appreciate you stopping by our blog

Aug 09, 2018 07:01 AM #5
Ambassador
3,836,797
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Victoria and Marshall- I love what you said to 2nd and 3rd time home buyers...times and rules have changed. It's so important to take the time to gently let these buyers know this. Just the other day, I was speaking with someone who'd purchased homes before but not for 20 years. He was a bit surprised at how different it was. 

Aug 09, 2018 06:12 PM #6
Rainmaker
295,824
Victoria Ray Henderson Marshall Henderson
Buyer's Edge Company Inc - Bethesda, MD
Real Estate for Home Buyers with Buyer's Edge

thank you Kathy! I appreciate you taking time to read the blog and comment. Yes, new rules of engagement in real estate! Have a great weekend

Aug 09, 2018 06:14 PM #7
Rainmaker
1,426,397
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Very good points. The more people know before they sell or buy a house, the better!

When I purchased a co-op many years ago, I was "assisted" by a terrible real estate agent and she really made quite an impact (negative). So much so that when I left a corporate job after 30 years and was considering new jobs, I thought "I could do a much better job than that lady!".  The good thing was that I knew she couldn't possibly be the rule, she had to be the exception. I was right.

Aug 11, 2018 04:03 AM #8
Rainmaker
3,794,868
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Victoria Ray Henderson Marshall Henderson,

How did I miss this post..great title! I'm glad that Carol Williams featured it in her Second Chance Saturday post this morning. Your points are well taken. Buyers need to research and understand the process and then find an agent that they trust and find that home.

Aug 11, 2018 05:46 AM #9
Rainmaker
577,743
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I've never seen that snippet from the movie, but you did a great job of editing. Most Realtors are honest and forthcoming and I work well with 98% of the ones in my market area. We also work with both buyers and sellers under Disclosed Dual Agency, although I realize it isn't as popular in certain parts of the country.

Aug 11, 2018 08:28 AM #10
Rainmaker
539,547
marti garaughty
garaughty.com - Montreal, QC
a highly caffeinated creative type...

Gotta love conversations that start with "Don't take this the wrong way but..." ! ;-)

Aug 11, 2018 08:52 AM #11
Rainmaker
3,194,302
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Well I stopped in thanks to Carol Williams  highlighting your post and loved it at the same time I happen to agree with marti garaughty  about the "start of the conversation":)Endre

Aug 11, 2018 09:33 PM #12
Ambassador
3,964,637
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Victoria and Marshall

I'm glad Carol featured this post - it provides some sound advice for buyers that they need to listen to. 

Jeff

Aug 12, 2018 08:47 AM #13
Ambassador
1,921,872
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great post so glad it was featured by Carol Williams  Must say I too was cheated  by a Real Estate Broker so not all honest or as Scott Godzyk created equal ..

Aug 12, 2018 10:18 AM #14
Rainmaker
1,529,922
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

It's unfortunate, but there are still some pretty slimy agents out there - and some of them like to go on about being a REALTOR and following the code of ethics. Kind of like hiding behind religion.

Aug 13, 2018 11:47 AM #15
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
295,824

Victoria Ray Henderson Marshall Henderson

Real Estate for Home Buyers with Buyer's Edge
Looking for Buyer Agents in Maryland, Virginia or Washington DC
*
*
*
*
Spam prevention