CDOM
Short sale
Earnest Money
Inspection Contingency
Waiver
Builder's Rep
Pending
And that's just the VERY short list of terms as real estate agents we throw around, but do the people we serve understand those terms?
In some cases, I'd say the answer is a VERY apparent NO to their understanding level.
If I had a 10 spot for every time I'd explained to a caller why going direct to the builder's rep without an agent is NOT a good idea, I'd have one heck of a European vacation.
If I had a 20 for every time I've had an Internet showing request for a PENDING home, I'd have my own private island.
And while we as agents are only PART of what leads to the confusion.
It's always interesting to me when some of the local Facebook groups have a real estate related thread.
"My agent MADE me use their home inspector!"
(Was it at gunpoint or knifepoint, because I don't know too many agents that want the liability of "making" someone use a particular service. Fact is my office has a disclosure for our buyers and sellers making it clear, CHOICE is always their option).
"I got my home from the builder WITHOUT an agent for $40,000 less than others buyers!"
I'm calling Shenanigans on that statement. The builder's rep loved you so much that they gave you 10% off? No, more likely you DID get a home $40,000 less than someone else with the same plan, but it's because they spent $40,000 MORE on options than you did.
There's obviously no lack of opportunity for a home buyer or seller to get REALLY confused.
And all the more reason to make sure we're having the right conversations with our clients.
Asking "Do you have any questions?" may be the difference between understanding and having a big misunderstanding later.
Serving Greater Cincinnati home buyers and sellers,
Bill of Bill & Liz aka BLiz
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