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Yes. I believe the majority still aren't aware of all the intricate details. What bothers me the most is when a cash buyer asks for a rebate or commission split. They feel it is just a matter of signing the contract and waiting for the closing date.
Candice A. Donofrio
Fort Mohave, AZ
Definitely. There is so very much going on to find a buyer. Then there is so much going on to get the sale closed. The average person has no idea.
As I naive as I was when I was there...Yes to this
Richie Alan Naggar
Good morning Michael. I do a lot of explaining when I do a pre-qualification, then prior to the offer process and then at the application process.
Hopefully my client is completed educated about the behind the scenes stuff.
We each have our priorities, and things we pay attention to, for them it is not that important.
TeamCHI - Complete Home Inspections, Inc. - there are many Google certified buyers or sellers - however, they still need to learn a lot from real estate professionals. They do!
Yes, hence the number of people who think they can fsbo
Yes, the general public lack experience and knowledge of the many details involved from start to
closing. But repeat buyers /sellers sometime have a general overview of the outworkings.
Yes, and I just wrote a blog about this today!
We are on about every sitcom involving real estate; why would they take us serious?
Yes but I also don't think they really care about the nuances we manage.
they mostly know nothing of the behind the scenes.
Most people do not know what goes on behind the scenes in all types of professions, occupations, trades, etc. Real estate is no different.
Most people don't even know about title insurance and all that is required during the loan process of buying a home. There is no more lending money on someone's good name. There is a lot involved and many of my buyers have gotten their eyes opened when I go over a purchase agreement with them.
Most people seem to think we put a sign up in a yard and our job is done after we list a home. It's not that way. There is a lot involved.
The majority do not understand the intricacies of a transaction which is why they rely on us to assist them
Home sellers and home buyers need to be educated by their agents and their home inspectors.
My Buyers bought from a FSBO recently, with my help. When the Closing was over, the FSBO Seller, who had been resistant to me at the beginning, thanked me profusely, she told me she had no idea how complicated it was.
Yes! They think you list the house and poof it's sold. Dealt with that a few times, especially on a hot listing! They don't see anything else and only the commission cost.
You bet & it's our own fault for not mentioning it. Sometimes we are so good at what we do we make it look effortless which is NOT the case at all.
Yes sir, no doubt
Absolutely..they have no idea of the intricacies..let's face it most clients sell every 4-6 years and look at the changes that occur during that time. Not to mention if they move to another state..it's all different!
Yes, most don't realize that each of us are running a business, and that the broker affiliation has little to do with the costs of running that business.
I think naive is too strong a word, and I think they do want explanations and fairness.
Yes, I thinks hey are and it's because we take careofna lot of issues before they turn into major headaches.
Absolutely!! Even if they sold/bought 7 years ago (the average consumer), things have changed and they don't remember details TeamCHI - Complete Home Inspections, Inc.
Without a doubt.
I do and I don't blame them. Why would someone outside of the industry know all of the particulars?
The know it all types who think they know everything and don't, think realtors make money for simply opening a door or two.
Yes. Most have a general idea, but don't understand all the details. Even those who may have been through a transaction in the past.
Oro Valley, AZ
I believe that the general population does not understand what happens behind the scenes.
Most clients do not know what happens behind the scenes, and I never fill them in either.
yes, unless they have done it multiple times( and not 10+ years ago). Don't assume anything, rely on someone who is a pro in it.
Without a doubt!
When buyers start with me they think the job is easy. By the time we get to closing that think I’m nuts to do all the work I do.
they are absolutely naive about all of it..... and I'm not sure they care....I know they DON'T NEED TO KNOW 99% OF IT....
For sure, if they only would see what we do, they would pay us more lol
For the most part yes.
Yes I think generally that's true
TeamCHI - Complete Home Inspections, Inc. Absolutely, the general public has no idea what goes on behind the scenes. Anyone can do this job, so they think.
Many are but overall the buyer and seller of today is so much more informed than the buyer and seller of 10 years ago. The Internet has taught them the questions to ask and about terms. They still want to hear it from an agent though.
Probably why they ask why do I need to do that i.e. home inspection!
Definite yes to this question. Most think we waive a magic wan and show up at the closing for our commission check! If only it were that easy!
Of course they are and that's one reason they want to negotiate down our commission... they don't know or appreciate what and how much we do behind the scenes and how much time and money it takes. I've been "educating" my own clients for decades and they don't ask for commission reductions. They get it. (And they say thank you.)
The first time home buyers, yes.
Some are and some people really know the details of a Real Estate transaction.
Yes. The things you don't know you don't know!
Naive, no, however they could not care less. That's why we are still in the picture for the time being.