I have noticed a pattern of behavior among several real estate agents that makes me think representing yourself can be a bad idea. I know attorneys and doctors use other professionals to represent themselves and maybe we should consider that in our industry as well.
It seems that all logic goes out the window when some agents handle the sale of purchase of their own property.
I have seen listing agent owners who:
- Overprice their homes.
- Under advertise it.
- Do not clean them.
- Restrict showing appointments.
- Do not answer their phones.
- Don't put pictures in the MLS.
- Misrepresent the properties.
- Have unpermitted work done.
- Are generally difficult to deal with if in escrow.
Agent buyers who:
- Shoot low ball offers.
- Make offers that are mortgage fraud.
- Are unreasonable at the time of the inspections.
- Don't return phone calls or messages.
- Don't follow the time line.
It is amazing at times to see an agent who is generally considered to be a top professional, do things they would never allow a client to do. When their own money is on the line they turn from Dr. Jeckle to Mr. Hyde.
Just something to think about.