How do you manage gas while driving buyers around and hoping for open escrows?

By
Real Estate Agent with Dilbeck Real Estate CalBRE# 01244000

Driving to work yesterday, I couldn't help but notice $4.87 on one of those gasoline price boards.  Why am I surprised?  Just the other day, when I filled my gas tank. the total amount came to a whopping $120.00.  My head wouldn't stop spinning: If I drive around showing properties 5 days in a week, I could potentially be spending more or less $24.00 every time I park and go open doors. 

How many times have we spent a half-day, five to six properties, a dent in our gas meter only to find out that the buyer is actually a hopeful, but out-of-this-world bargain hunter? They give you parameters, their price point, then their shaking heads to every one of those houses that actually fit their price point and parameters.  I assume that this is typical buyer behavior during this market.  Right, everyone wants a deal.  Who doesn't?  But as a real estate agent, I also need to know when it is smart to drive deal hunters around town and the next town over and how long it is decently tolerable to go on looking for the best deals. 

When all I could do is patiently drive around, inside I am hoping that the perfect house strikes my buyer as also the best deal in town!

Comments (4)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

This is a rough situation.  I don't know what the "rule" is.  I'm glad that I'm in lending.  You're so much more patient than I am.  I'll follow the results and your answers.

Jun 25, 2008 02:56 PM
Kristal Kraft
Novella Real Estate - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

I've begun to think other people's transportation should not be my problem. Some agents have the clients pick them up at the office and the agent goes in the client's car. 

You could also take an up front retainer. That would certainly separate the lookers from the serious buyers.

 

Jun 25, 2008 02:59 PM
Dana Couch-Davis
Kendall Haney Realty Group - Memphis, TN
CRS, GRI, ABR, SRES

In this market it really is quandry for us.  Gas prices are going higher and higher while buyers are taking longer to look.  Good luck!

Jun 25, 2008 03:12 PM
Aram Arakelyan
Realty Needs Network - Glendale, CA

 Have the clients pick you up at the office. Certaily lookers will not do that. Or get an economical car.

No question this is a rough situation.

 

Aram Arakelyan

Your LA Broker For Life!

 

Aug 31, 2011 06:16 AM