When Real Estate Agents Work Together

By
Real Estate Agent with Long & Foster

Every agent wishes for a smooth transaction from ratified a contract to settlement. Some deals are more difficult than others.  And, unfortunately, some deals fall apart after considerable time and effort, and never get to settlement.

I recently had a wonderful experience during a difficult transaction that could have easily fallen apart.  The reason this particular property made it to settlement was due to the agent on the other side of the transaction.  This particular agent worked with me and not against.  We both worked together to make the deal.

My client made a low offer on the property that was on the market for several months. He also wanted a large seller subsidy.  I did not think my purchaser was being realistic but this is what he wanted to do.  I presented the offer.  The sellers were insulted.  The listing agent was savvy enough to know that once you have something in writing there is always to chance to come to an agreement.  The agent and I worked together and the result was a ratified contract.

Next was the inspection.  This was not a new house.  My client wanted every little thing fixed.  I had to present a laundry list of items to be repaired.  Again, the listing agent was able to work with her client as I was able to work with mine.  We came to an agreement on repairs.

The appraisal came in lower then the sales price.  The sellers were devastated.  My client wanted the sales price lowered to meet the appraisal price, wanted the seller subsidy and all the repairs to be made.  The sellers did not want to walk away losing money.  Again, the listing agent worked with me and we came to an agreement which worked for everyone.

We went to settlement not long ago.  Everyone was pleasant and satisfied at the settlement table.  Both parties won. 

Comments (10)

Michelle Buckman
Long & Foster - Washington, DC
Showing the Best Views in Metro DC

Thanks for reading my post.

Michelle Buckman

Mar 22, 2009 02:15 PM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Michelle, when you're saying nice things about a colleague, it's OK to tell us who it is!  And congratulations on getting the deal done.

Mar 23, 2009 01:36 AM
Gabrielle Kamahele Rhind
KGC Properties LLC, Tucson Property Management & Real Estate - Tucson, AZ
Broker/Owner

HI MICHELLE!  It takes team work to get many transactions to close.  What a breathe of fresh air - a wonderfully positive post to read today! -- Gabrielle

Mar 26, 2009 04:41 AM
Irene Tron
Valparaiso, IN

Congratulations on a job well done on the part of both agents.  What a professional way of handling a difficult situation!

Apr 10, 2009 01:27 AM
Rita Minion
O'Brien Realty - Solomons, MD

Hello Michelle,

I love it when everyone works as a team to get things done!  Thanks for sharing your experience.

Rita

 

Apr 15, 2009 01:46 AM
Bettina Settles
Greenwood, IN
Your Indiana Connection

Finally something positive about agents working together...great post

Bettina

Apr 27, 2009 09:03 AM
David Stevens
Royal LePage Coast Capital Realty, Victoria BC Canada - Victoria, BC
Royal LePage Coast Capital Realty

Interesting and what could have obviously been a very stressful situation Michelle. It sure is good when you can work well with another agent.!

May 12, 2009 01:40 PM