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Agents: How to Sell to Doomers

Profile picture for DebtsNMesses
Contributions: 6662
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Since July 2009

Ok, it's obvious the agents have learned how to spot us from a croud. Many of them are too inexperienced (meaning they were not around for the last bust) to approach us correctly. I've seen it posted many times, them asking us what we want. So let me start:

 

Agents provide a service, with the MLS and knowledge of the RE Contract as tools. I want info. Don't hand me pretty flyers when I walk in the door. I will get them if I want. Usually, I glance at them and put them back. Why waste paper? Realize, we are jeans and tees people that do things for ourselves. Don't ask us about our opinion of the house, we see the negatives but are too polite to say so. Feel free to point out any features that are more obscure, a fancy drawer, or maybe a feature in a room we didn't walk into. Even point out some obvious, like new windows, solar panels, etc.

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January 15 2008 - US

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Profile picture for DebtsNMesses
Contributions: 6662
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Since July 2009

Now, when we do finally pick you to work with, try and get the price down. Be honest with the other agent and tell them their buyers have put in other offers, tell them they require a lower price, work those sellers as hard as you can. Don't work us. We are quick to walk.

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January 15 2008
Profile picture for DebtsNMesses
Contributions: 6662
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Since July 2009

There are techniques to keeping the pressure on the sellers, use them. Offer those techniques. That helps us. 

 

Feel free doomers to give your input....

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January 15 2008
Profile picture for ghennis00
Contributions: 2463

simple, used to be housing was just that, housing.  a place to live.  Lately it became an investment class that went manic, and I am envisioning something like that panic scene in trading places when the dukes go into the pit themselves to SELL SELL SELL!!!

 

Homeowners are the same, unable to sell their house fast enough with an agent many are now trying FSbo, in the end they are going to realize that they are either stuck with it and will forclose or live in economic hardship or they must sell at a very substantial loss.

 

good day!

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January 15 2008

@Realist, "DebtsNMesses" I love working with well educated buyers, be they "dooomers" or not, at least they know what they are getting into versus the 1st time buyer with stars in their eyes who think they will live on macaroni and beans until the next pay raise and then they fainlly crave a steak and wind up in foreclosure.   

 

"we see the negatives but are too polite to say so" - understand from our position we are just trying to get you to point them out so that we can report to the seller - x number of visitors says your home smells like pets, smoke, or whatever the negatives are.  It's not that we are so dumb that we don't see the negatives and that we don't tell our sellers - it's just that often times they need reinforcement for the "market".

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January 15 2008
Profile picture for DebtsNMesses
Contributions: 6662
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Since July 2009

Thank you Michelle. What I need from my agent is help in keeping the pressure on the seller so that I can get the price I need. Yes, I need that price. I do not expect my cash to be usable equity for many years, like it was in the boom years. There are many techniques in getting sellers to lower the price where I can safely buy, using my cash to get me the payments I want.  I wish there was a book "Different ways to barter the seller into selling to you." lol  That is what I need first and foremost from an agent. That, along with giving me every single 'out' in a contract at no cost to me.

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January 15 2008
Profile picture for DebtsNMesses
Contributions: 6662
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Since July 2009

By the way, I have an agent that does just that! But I feel that many other agents don't know what we need, and it's a dog eat dog world for the agents right now. We need to all help each other.

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January 15 2008
Profile picture for 2 Big 2 Fail
Contributions: 12450

You doomers do realize that the buyer's agent has practically no ability to get the price down and rarely ever even comes into contact with the seller? 

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January 15 2008
Profile picture for best bubba

As a buyer I am not trying to be polite as much as when I say that window has a broken pane I don't want it be referenced as a source of fresh air.  I hate when I say "I dont like XYZ" the agents try to glorify it or act like a crack in the foundation is some how a desirable thing.

 

When buyers are giving feed back and it is constantly deflected, that is a sure sign that the agent is not listening to the buyer. That is why I don't bother with feedback. Open ears and closed mouth is the best combo to get honest feedback.

 

And while a lot of agents say they don't like 1st time buyers with stars in thier eyes, they certainly try to get the stars in our eyes by saying crap like "let me bring your family home".

 

Also if agents would stop acting like becasue I am a mere buyer that I can't possably know what I want in a house, what I want to pay, or what fair market value is with out them I would be all set. Nothing drives a buyer way more than being treated like they are idiots.

 

Still haven't met a decent agent yet but I have seen quite a few post here so I know they are out there  :^)

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January 15 2008
Profile picture for Bette Defarm
Contributions: 4638

FTR I do not want to be "sold" anything. I just want them to get out of my way and not distract me.

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January 15 2008
 

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