There is NO shortage of Bad Advice in Real Estate

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

How much is Free advice worth? That is the question of the day. The last few days were very trying as a Manchester NH area seller solicited advice from everyone and anyone but the listing agent. Take a home priced at the highest end of the market. A home needing some work. A home that has been for sale longer than neighbors who chose to list at market price. The seller ignores the listing agents value and Ignores the listing agents advice. 

 

Some sellers can hinder their sale more than any other market force. Below let me list some of the worst advice I have heard, seen and experienced recently. (These are all real life experiences)

 

1. "You can sell your home AS IS, you do not need to disclose or fix anything."  The problem is, an owner occupied seller must disclose anything and everything regarding a homes condition. You can not hide behind AS IS if you know there are any issues.

 

2. The seller received this advice from an out state Realtor Friend who said "That in my state the seller does not pay the buyer broker fee, so keep more of your money by refusing to pay any buyer broker." In NH it is common to build the buyer broker fee into the price. Buyer Brokers mean more potential buyers. In reality this seller has limited the amount of buyers who are seeing her home. 

 

3. That a request to reduce the price by the listing agent got the reply, "My friend in banking said, it is still a sellers market and I can ask what ever price I want." True you can ask what ever price you want, but the market has swung. The truth is buyers are not over paying for homes. 

 

4. That after getting an offer, acceptng said offer and signing all the contracts... Saying that, "My lawyer wants to review the contract." Then said lawyer re-writes the contract despite that it has already been signed and executed.

 

5. That when a lawyer decides the listing agent should reduce their commission because they think the sale was "too easy"

 

 

The moral of the story is that the Seller needs to work with the agent to sell the home and not against them. That beware of free advice, it can lead to dispair and ruin th ebest of sales.

 

You simply need to know that a Buyer or Seller should not choose just any agent, choose the BEST agent for the job. Having an agent that works for you is a must. 

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

We stand by you through every step in selling your home
.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
New Hampshire Hillsborough County Manchester
Groups:
POSITIVE ATTITUDE for the Weary Soul
Bananatude
Bartender, Make it a Double
Crap-Tacular
Old Farts Club

Spam prevention
Show All Comments
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Norma J. Elkins , it was a seal resting at Hampton Beach  NH to get out of the storm

Jan 24, 2019 05:09 AM #17
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

There are more experts every day Donald Urschalitz , they saw it on the nternet so it must be true

Jan 24, 2019 05:10 AM #18
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

With the market having slowed in November and December Sheila Anderson , some sellers are pannicking and looking for advice in all the wrong places; the good thing is our market exploded here in January

Jan 24, 2019 05:11 AM #19
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have a sale now Sheri Sperry - MCNE® where the seller retired and moved to Florid, lives in a community with lots of retired agents who are full of bad advice that have nothing to do with how real estate is sold here in NH in the modern day. 

Jan 24, 2019 05:13 AM #20
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It takes alot for me to get stressed Nina Hollander and the last week is trying the soul with this one sale full of "bad" advice givers

'

Jan 24, 2019 05:14 AM #21
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I really wonder how they could think any of these were good ideas Anna Banana Kruchten CRB, CRS 602-380-4886 and all 5 have happened the last 2 weeks. 

Jan 24, 2019 05:15 AM #22
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have that now with a sale and the sister and parents are the ones attacking Myrl Jeffcoat 

Jan 24, 2019 05:16 AM #23
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the honor Myrl

 

Jan 24, 2019 05:16 AM #24
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

No one needs a friend like that Francine Viola 

Jan 24, 2019 05:17 AM #25
Rainmaker
2,870,916
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Jerry Murphy, CRS, SRES i hear over and over that it was on the web so it must be true

Jan 24, 2019 05:17 AM #26
Rainer
109,573
Anne Corbin
Long and Foster - Lake Anna - Spotsylvania, VA
Serving Lake Anna & Central Virginia

I love those who want to cut our commission so they can put it in their pockets. Maybe we should suggest that the attorney reduce his fee or the bank pay for the appraisal, credit report and not charge administrative fees! It amazes me that these individuals don't realize how much we actually have to pay out of pocket to be licensed agents with educations! If you want a professional to do the work, then expect to pay or get what you pay for.

Jan 24, 2019 06:28 AM #27
Rainmaker
2,379,330
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Who can argue against anyone who does what they do for living? Experience cannot be denied only hired or ignored

Jan 24, 2019 07:43 AM #28
Rainmaker
104,303
Marie-Denise Kratsios
Daniel Gale Sotheby's International Realty - Huntington, NY

Everyone is an expert on real estate.  The only problem is so many sellers and buyers are reluctant to take the advice of the real expert...their real estate agent!

Jan 24, 2019 12:47 PM #29
Rainmaker
612,091
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Sounds pretty much par for the course.  I greatly eschew these types of clients and have on more than one occasion, fired the client for lack of faith and for violating our listing agreement.

I hate to do that...but there does come a point where it is no longer logical to keep them as a client and I talk at length with sellers about that.

Jan 24, 2019 02:14 PM #30
Rainmaker
1,474,074
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

You would think that today every agent in the U.S. would understand that the rules differ from state to state and the market differs from city to city - and sometimes within a city. You'd also think that they would thus refrain from giving advice to friends and family in another area.

As for friends, relatives, garage mechanics, hairdressers, and dog walkers - there's no hope. They'll always be the experts.

Jan 24, 2019 04:19 PM #31
Rainmaker
1,331,455
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

#5 takes the cake! 

Sellers can definitely make it almost impossible to sell their home when they won't listen to professional advice.

Jan 25, 2019 04:51 AM #34
Rainmaker
445,053
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy

Yes you can ask whatever price you want, but it's pretty important to ask for a reasonable price that will bring an offer.

Jan 25, 2019 12:41 PM #35
Rainmaker
758,673
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

Have to be able to stand firm with your clients and pass your wisdom on to them.  

Jan 25, 2019 12:59 PM #36
Rainmaker
361,850
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Love this blog. I'm going to use the premise for an email newsletter. I have my own stories LOL.

Jan 25, 2019 03:17 PM #37
Rainmaker
480,346
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I usually always cringe inside when I hear a potential customer say something like that banker did....or "my nieghbor says"..I want to say--do you want to work with that person on the transaction or work with an expert who lives the market every day!  Would never say that of course

Jan 26, 2019 06:37 AM #38
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
2,870,916

Scott Godzyk

One of Manchester NH's Leading Agents
Ask me a question
*
*
*
*
Spam prevention

Additional Information