Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Rainmaker
2,969,249
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No way would I provide information like this to a FSBO when they are already fielding multiple offers except in a very broad range of value. And even that would be provided with tons of written disclaimers. They are not my client and I wouldn't want any future liability to arise from any advice I provided them. At this point they are better off accepting one of the offers or getting an appraisal done.

I've had requests like this from people already listed with another agent and I tell them they need to deal with their agent and not me.

Apr 27, 2018 02:45 PM
Rainmaker
4,863,055
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

go visit the home and do a cma.... give them a fair market value range.... and offer to do the deal for a flat fee....they still need agreements and inspections.... 

Apr 27, 2018 02:32 PM
Rainmaker
679,454
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

NO!
You need an appraiser. Here are some appraisers.

Apr 27, 2018 02:00 PM
Ambassador
3,075,864
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Tell them you can't help them if they aren't a client.  At that point, I would offer my services and the fee I charge.  If people can get free advice from us at that stage, why on earth would they ever hire us?

Apr 27, 2018 04:45 PM
Ambassador
2,343,739
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Since you offered a CMA on your website, and no other real estate broker is involved (ethics), then you need to provide something.  Unless your state law would consider it Unauthorized Practice of Law, for getting involved in a transaction that you did not initiate.

  

 

Apr 27, 2018 02:15 PM
Rainmaker
1,562,740
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I would do it Praful Thakkar , especially if you are advertising a "home value report". It may not lead to any money in your pocket but you will have your integrity intact.

Apr 27, 2018 07:16 PM
Rainmaker
2,762,486
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Hands Off!  I do not represent that seller who is asking for help with offers in hand. 

I would explain that because I know they are a FSBO, and the information requested is needed to negotiate offers, my E&O insurance will not cover me, or them. 

In this situation, I would not offer my services for hire. 

Apr 27, 2018 06:36 PM
Ambassador
2,799,898
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

No I would not get involved or create any kind of agency suggestion as the FISBO seller already has offers on the home, why would I do that..... it's a little to late to be looking for  free professional advice. 

Apr 27, 2018 04:19 PM
Rainmaker
1,209,919
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If they already have the free report, tell them that's all you can do since they are already listed.  If they want advise they'll need to sign a non-exclusive listing agreement and agree to pay you X amount.

Apr 27, 2018 02:58 PM
Rainmaker
526,059
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I offer home buying services.  Just because I "offer" them does not mean that I have to provide it to everyone that calls.

Often I get calls from buyers that have selected their favorite home and now don't trust their agent, so they want me to answer their questions or "help" them further...

OH HELL NO!

Eve

PS: Is everyone so greedy that they think they have to figure out a way to get in on the deal?

Apr 27, 2018 02:54 PM
Rainmaker
4,307,948
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No, and we agree with Candice A. Donofrio .  A

Apr 27, 2018 02:48 PM
Rainmaker
382,122
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

For help with the multiple offer scenario, I require a contract.  I am the real estate professional to assist with this.  Would you like me to come by with my contract for your review?

Apr 27, 2018 02:47 PM
Rainmaker
691,817
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

LOL.... would you like to sign a listing agreement?

Otherwise... SOL.

Apr 27, 2018 02:38 PM
Rainmaker
196,211
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

I would first of all gather as much information from them as I could.

I probably would do a CMA as promised, but provide a range that you feel comfortable with, do not get too specific. Make sure you use a disclaimer.

Avoid too much advice. You are not their agent, don't act like it.

Apr 27, 2018 02:31 PM
Rainmaker
723,664
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Sign an Open Listing agreement for just the current offers on hand; negotiate a set fee or a reduced commission since you did not do anything to promote the property, if this is okay with your broker. Otherwise, since you offered a free CMA, you just have to provide it. Assume it did not specify anything about what the consumer wanted to do with it. If he didn't tell you he was a FSBO with offers, you'd just provide it, right? Do it, if the offers don't work out, he might list with you.

Apr 27, 2018 02:27 PM
Rainmaker
477,341
Bruce Kunz
C21 Solid Gold Realty, Brick, NJ, 732-920-2100 - Howell, NJ
REALTOR®, Brick & Howell NJ Homes for Sale

While I understand a lot of the responses, if I've offered the CMA, i would likely provide it. Worst case scenario I create a bit of good will and potentially a future referral from an 'overwhelmed' FSBO...
Bruce

 

Apr 27, 2018 07:48 PM
Ambassador
4,048,739
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Set up a listing appointment.

Apr 27, 2018 03:51 PM
Rainmaker
5,257,579
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

List the  home and help them sell it. 

Apr 27, 2018 03:20 PM
Rainmaker
3,237,213
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I listen to the seller and ask questions.  Based on the answers given, we discuss options available which are likely limited based on the information that has been provided here. 

Apr 27, 2018 05:48 PM
Rainmaker
441,741
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I would look up comparables in the MLS and provide them as I would any other person requesting information on line.  You never know ... they just might ask for you to take the listing.  This has happened to me in the past. The seller did not want to deal with the negotiations and paperwork ... so I listed and sold the property!  Follow Thru.  

Apr 27, 2018 04:56 PM
Rainmaker
506,933
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I try to make an appointment.  "I need to see the home to evaluate it's current market value". 

Once there, I can talk to them and see how lost they are. I would offer assistance for a fee, depending upon their needs and ability to proceed as they started.  Ideally, they sell to the best qualified buyer with a strong offer and I get paid too. 

Apr 27, 2018 04:47 PM
Rainmaker
2,422,669
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Help them as much as I can....

Apr 27, 2018 04:42 PM
Rainmaker
983,617
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Give them the zillow zestimate link and wash your hands.

Apr 27, 2018 08:03 PM
Rainmaker
3,172,493
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

I would be happy to represent you once I have seen the house Mr FISBO oh and of course for a  fee:)Endre

Apr 27, 2018 07:13 PM
Rainmaker
276,948
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

As you see finding a Buyer is the easy part, If you want to hire me as a listing agent to get the transaction across the finish line I will be happy to talk w/ you about how that process works.

Apr 27, 2018 06:53 PM
Ambassador
3,912,075
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

You could offer to help with the transaction for a fee, and a written contract. But I would be worried about liabilty in providing anything but a broad brush view of value. And they are not your client.

Apr 27, 2018 05:20 PM
Rainmaker
1,022,647
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do nothing. 

You want me to help you, sign a listing agreement.

Apr 28, 2018 05:01 AM
Rainmaker
416,586
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

It is no wonder the public does not trust us when so many are willing to go back on their offer to the public for the various reason given here. If you offer a cma to the public then it is only ethical to supply it when requested.

Apr 28, 2018 04:09 AM
Ambassador
3,179,497
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

"You'll need to phone your agent for that!"

*Yes, I know, they have no agent!

Apr 27, 2018 09:26 PM
Rainmaker
3,977,511
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Anything that carries my name has a price

Apr 27, 2018 08:15 PM
Rainmaker
576,873
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Without any written agreement, I would not offer any advice or assistance.  They wanted to "go it alone" then they can figure it out.  If they want my assistance they would have to compensate me in the way of commission...

Apr 27, 2018 05:41 PM
Rainer
221,731
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

a. offer to review the multiple offers and have your lender "vet" or check and see which ones are real. Explain that the offers are only as good if a pro checks FOR A FEE 

b. give them a verbal range number which is high and say you would need to spend the time for a physical inspection to give them an exact number. Have a fee in mind for this Broker Price Opinion they want, say it costs $400 to write it out. They probably have a buyer who will hire an appraiser but the seller is worried they sold too cheap?

c. be nice, be kind, be smiling sweet but don't waste a great deal of time, they did FSBO because they don't value your time. Don't give advice.

d. tell them if offers don't work out you have a marketing plan but don't share the plan just be nice be kind and be smiling, and move on.

e. ask them how long a time frame they need to close? 

Apr 27, 2018 05:00 PM
Rainmaker
1,068,822
Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Don't answer.  You don't want to establish any reason where an implied agency may begin.  (Or, to be snarky, tell them they're 25% below fair market value!-- just to mess with them)

 

Apr 28, 2018 10:08 AM
Rainmaker
1,520,396
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Take the 'high road' and offer additional value. They might elect to use your services in the future, or refer you.

Apr 28, 2018 10:07 AM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Nina Hollander nailed this one!

Apr 28, 2018 06:57 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would probably give him or her a quick value with the disclaimer that I would need to see the home for an accurate one.  I would charge him for a home visit and an opinion of value.

Apr 28, 2018 06:24 AM
Rainmaker
742,752
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

5. Something else.

Dear FBSO seller:
You are asking my professional advise, evaluation and future guidance. I am happy to provide you this benefit. Please have $500 cash available for my consultation fee when I arrive.  Be prepared to sign the contract that defines the limit of the responsibilities, as they pertain to me, regarding this sale. This evaluation is only the beginning of a process fraught with uncertainty. No, I don't accept Bitcoin and no refunds if sale does not go through.

Apr 28, 2018 05:52 AM
Rainmaker
910,227
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

4. with a variation. I can't help you unless I'm your agent. Let's make a deal...

Apr 27, 2018 10:17 PM
Ambassador
3,981,932
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Explain the ways you can be hired to help the seller. Opportunity knocks.

Apr 27, 2018 08:07 PM
Rainmaker
521,171
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Let them know that the valuation is only 1 of many things you could do for them during the process, get in front of them & work at securing them as a client. 

Apr 28, 2018 06:49 AM
Rainmaker
2,939,018
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I always like to see the home and meet with them before giving a value. If they refuse, i give a range. 

Apr 28, 2018 05:27 AM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck.

Apr 28, 2018 03:18 AM
Rainmaker
790,971
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

I would offer to help them with a contract outlining the work to be done and the fee to be paid.  

May 06, 2018 07:54 AM
Rainmaker
4,018,042
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

How did they price the home to start with?   I would not assist them.

May 01, 2018 07:48 AM
Rainmaker
3,162,494
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Number 4 works for me!

Apr 29, 2018 06:48 AM
Rainmaker
1,503,980
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

The law says that I can't help them they are not my client.

Apr 28, 2018 03:26 PM