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Maria Morton's Advice

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Maria Morton wrote:

dealing with agents,

Answer
I agree with all the comments saying pushy sales people are annoying and need to change. They annoy me too and I'd love it if they would get with the program. However, the guy who is the pushy salesman who annoys you and knocks on your door after the funeral to see if you're ready to sell has more listings than I. Why is that? People fall for it hook, line, and sinker over and over again.There are numerous agents I know who do business with exceptional integrity just as there are numerous agents I know who are the sleazy sales person stereotype. As long as the general public continues to choose the sleazy sales person stereotype over the agents who put their fiduciary duties above their wallet, the sleazy sales person stereotype will flourish. Those guys don't know how to change. I've had them come to me and ask how they are going to do business this new way they keep hearing about. They are honestly having difficulty getting their mind around the concept of representing their clients instead of selling their clients. And they know that the consumer is going to call whatever warm body is available when the consumer is ready to make a move. [Studies have shown.] So, as much as you complain about those pushy sales people, they are probably the ones you're going to call when you are ready to buy or sell. Too many consumers will not take the time to look for the agent who will do the best job; they will just grab the first agent they see or hear. That's why those guys want your contact info. They know you don't care about integrity and quality; they know you're going to call whoever sent you the last email, postcard, or phone call. Consumers may look online for a year and at Open Houses for months but they will not bother to learn about the buying process or how different agents work. One day they will decide this is the day and they will just grab the first agent they come in contact with. So, all of the people who believe that the buying process needs to change (as if it doesn't every year) could make that change happen more quickly by changing their own behavior.
February 26
(0)

Is it typical that the realtor does not show you the comparative market analysis that they do?

Answer
How odd. Is this Realtor representing you or the seller? 
February 25
(0)

dealing with agents,

Answer
Mack, you are quite right. We do sometimes hold an event type open for a select number of individuals whom we know may have an interest in a select property. The chance of producing a qualified buyer from these events are well worth the expense and time that goes into organizing and marketing the event. 
February 25
(1)

dealing with agents,

Answer
Not to stir things up any further but there are places in this country that require visitors to produce photo ID prior to entering the Open House. That trend may spread in the future if certain crimes continue to rise.Personally, I see very little value in holding Open Houses as most of the people who come through are not ready, willing, and able buyers. We know that only 1 or 2 percent of purchases can be traced back to a buyer finding the home at an Open. If the seller wants one, I will arrange for that to happen and make sure everything is done right but my time could be better spent on marketing and advertising activities to actually get the house sold.
February 25
(1)

dealing with agents,

Answer
Part of an agent's job when holding an Open House is to follow up with the visitors. The seller expects and deserves to know who has been in their home. The seller deserves to know what people thought about their home and if they had any interest in buying it. Another function of an Open House is to find out what buyers like or don't like about the home. Sometimes, corrections need to be made but the seller needs potential buyers to tell them what those are. Only about 2% of homes are sold through Open Houses. Agents are often looking to engage buyers or sellers. Neighbors may be looking for an agent to sell their home. Some people are just looking for ideas for their own home. Some, like you, are getting the feel for the area and homes available. Since you are going to need to know how the process works and select an agent at some point, you can read about the buying process (hotlink deleted by Zillow moderator) You could then meet with a few agents and select the one you feel most comfortable with. Then just take a stack of their business cards with you and hand them out to the agents holding the Open Houses. Tell them 'We already have an agent, thank you." (You can write your name on the back of your agent's card.) That way, the agent can follow up with your agent instead of pestering you while you're looking through the home. The sellers get the information they expect. The agent does their job and No One Has To Lie. 
February 25
(0)

Who pays utilities when a house is in escrow

Answer
Normally, the seller calls the utility companies 2 - 3 weeks before Closing to have the utilities transferred out of their name. The buyer does the same. The seller is responsible for utilities until Closing. The buyer assumes responsibility after Closing. Hopefully, you and the seller made those calls and the water company has just misplaced the records. Yes, call your agent and the title company (or whoever you used for escrow) right away. Call the utility company right away too so this can be worked out without having the water shut off at all. Best of luck!
February 24
(0)

First time home buyer

Answer
You know, since your grand-parents-in-law are real estate agents in FL, they could actually refer you to an agent where you are going to buy. This would serve you in getting an agent to represent your best interests and explain the whole home buying process to you and it might also mean that that agent might pay your grand-parents-in-law a small referral fee. I bet that they would really appreciate it if you asked their opinion in any case. Best wishes on a smooth home buying experience!
February 24
(1)

Why would a seller ask for an "as is" agreement to be signed after the inspection?

Answer
What did your real estate agent / buyer's agent say? Have your agent go over the contract with you, particularly the clauses pertaining to inspections, Inspection Notice, and Resolution of Unacceptable Conditions. Most states no longer include "as is" clauses in their standardized contracts. Banks and some other corporate type entities do, though. Again, refer back to the contract with your agent. They can explain to you how much time you have to submit your resolution requesting the seller to repair or remediate whatever was found on the inspection reports that you cannot live with. After inspections, the buyer has the right to move forward, ask for repairs or a price adjustment, or cancel the contract according to the terms of the contract. The seller has the right to agree to some or all of what the buyer requests or to cancel the contract. All parties must come to agreement to move forward BUT there are deadlines so talk to your agent right away. 
February 24
(0)

Payment for survey past due for house I didn't close on.

Answer
You may want to call the Title Company to clarify. Depending on their answer, you may also wish to speak with your Realtor and maybe involve his / her broker. I know that my buyer clients have to pay for inspections whether they buy the home or not. I do not know the particulars of your situation. Hopefully, you can find out the answers you need with just a few simple phone calls. If your Realtor thinks you need one, he / she may recommend consulting a real estate attorney but it is probably going to be a pretty straight-forward yes you do or no you don't owe this amount. At $450, an attorney would be overkill to fight the bill if you do end up owing it. 
February 24
(1)

Can I list my home as a FSBO and how do I go about it?

Answer
If you mean advertise your home for sale here on Zillow, click on Zillow FAQ's at the top left of the page then scroll down to the question about posting your home for sale. IF you are asking in general what to do to advertise your home for sale by owner, Wetdawgs wrote a good article on that or, I wrote one on my blog on Active Rain. If you are wanting to List your home on the actual MLS in your area, you can either hire a full service real estate agent or a discount broker. There are also FSBO sites that will sell you parts and pieces of what you may need to sell your home yourself. 
February 24
(0)