Who Sells The Realtor's Home

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 

I love it when professional calls into my radio show and talks about a personal transaction. That happened on Sunday.

My friend, Lauren Sisson (a Realtor and office manager), shared the experience of selling her home using a top negotiator from her office. Smart to let another REALTOR® handle the listing. I've known Lauren and  Gary Sisson for over thirty years.

Gary was my first mentor in Real Estate and was present for the Get By Giving Award.

How many agents cannot resist representing themselves? By giving the listing to another professional, Lauren was free to be "the seller." When multiple offers came in, Lauren used guidance and reduced the emotion of selling her property.

This past Sunday, 9.5.22,  Lauren and I shared with the audience how she decided to take an "underdog family" FHA buyer over six other offers. We also discussed other terms that made the accepted offer the favored choice. We interrupted ourselves to explain escalation clauses, 

The podcast should be up by the end of the week, and I will return and post the link. 

Thinking of selling your home

Call  Margaret Rome

 

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

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Author: Real Estate The Rome Way

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Comments (16)

Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

There are not many agents that will let someone else list their personal property, but you give good reasons why they should consider it. Thanks for sharing!

Sep 05, 2022 08:18 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Margaret and Happy Labor day and I hope you and your family are all set to have a BBQ with other friends.

Sep 05, 2022 08:26 AM
Margaret Rome Baltimore 410-530-2400

Thanks, Will!


 

Sep 05, 2022 09:16 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Margaret - a conundrum or a real estate opportunity?  The solution illustrates how a real estate professional can look at this or any situation and make decisions that matter.   I am sure it was a spirited conversation.   And the audience had a front row seat as they heard real stories from the trenches.  

Sep 05, 2022 08:46 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Michael Jacobs It was a lively conversation, and it worked out well for buyer and seller. Make it a great labor day!

Sep 05, 2022 09:14 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Lynnea Miller: We should poll to see how many agents would relinquish the right to sell their own homes. 

Sep 05, 2022 09:15 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Margaret, I hope you write a post on what made the FHA offer the favored accepted offer.

Sep 05, 2022 12:33 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

George Souto.

Lauren explained her reason for accepting the FHA. She liked the buyer who had lost several homes. The buyer was fully approved by the lender and only needed appraisal, no inspections, and taking the house as is. They also agreed to pay for any lender repairs and agreed to pay any difference in appraisal and sales price. The other offers had escalation clauses. You will be able to listen by the end of the week. I will post a link as soon as it's available. 

Sep 05, 2022 02:53 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Lauren is a smart cookie.  How nice that she picked a worthy family to buy her home... because it's always an emotional decision.

Sep 05, 2022 05:48 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Margaret- I'd day that was wise of Lauren. In any profession, it can be hard to take our own egos out of a transaction, but it's often better when we do. 

Sep 05, 2022 05:57 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Agents allowing an associate Realtor to handle the listing of their home, isn't a bad idea, Margaret. 

Sep 05, 2022 07:46 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Georgie Hunter R(S) 58089 

Lauren was so happy with her choice, and the young buyers were ecstatic to get their perfect home. 

Sep 05, 2022 08:04 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kathy Streib 
So true! "... it can be hard to take our egos out of a transaction..."

Sep 05, 2022 08:08 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Myrl Jeffcoat We all know it's a good idea. I have been on one side of the transaction where the listing agent is the owner. What happens is that we can wind up being the counselor to that agent. 

Sep 05, 2022 08:14 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Selling your own home is to personal. Too many memories that money can’t buy or sell Margaret 🙂

Sep 05, 2022 09:47 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Paul S. Henderson, REALTOR®, CRS  Have you ever sold your own personal house?

Sep 06, 2022 03:37 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have named the Realtor to list my home in my estate plan documents. Should I sell before I die I will hire the same person to list my home. The bonus, I met this Realtor person here in the Rain! 

Sep 06, 2022 08:05 AM