Profile picture for Eric Rogers

Eric Rogers

Agent

42 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Short-Sale

Advice

  • (12 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

Contributions are sorted newest to oldest.

4304 Fox Pointe Ct,

Response

If it's for sale, contact your agent and ask them to look at the listing data they put in. A lot of the Zillow listings are syndicated from other sources so you need to go to the source and correct that. It's usually going to be your agent that put something in by mistake so start there.

  (0)
Realtytrac - is it worthwhile

Answer

Why would you pay for something you can get for free? Any agent out there is going to send you all the foreclosures you can handle and even if those don't include data on the previous purchase price or loan amount you can usually look these things up in public records like the Assessor's or Recorder's office. Most of them have online searches these days.I find that the sites that sell foreclosure lists include pre-foreclosures to pump up thier numbers. I usually get several calls a year from buyers looking at a home they found on one of thoses lists that isn't and probably never will be for sale yet it's listed as a foreclosure because the lender filed a lis pendens on it.

  (0)
Sold as is

Answer

Are you working with a buyer's agent and what does your buyer's agent have to say about it? In Illinois, if you don't receive the seller's disclosure up front, no matter where you are in the contract process, once you receive that disclosure you usually have 3 days to back out based on any negative issues therein (contact your attorney about this - don't take this as legal advice).Depending on the situation with the sellers it may be a red flag or it may not be. In Illinos, a REO property is exempt from the property disclosure - you may not even get one. So it's going to depend. Talk to your agent and ask them to explain what's going on. If you don't have one, Caveat Emptor.

  (0)
Do I need a Buyer's Agent to buy a house?

Answer

Nope, you never did need a buyer's agent. The question is: why would you not want to have one? As has already been stated you're not really helping yourselves by not using one.

  (0)
Do I need a Buyer's Agent to buy a house?

Answer

Nope, you never did need a buyer's agent. The question is: why would you not want to have one? As has already been stated you're not really helping yourselves by not using one.

  (0)
Is the model for RE sales in the USA broken?

Response

No I don't think the system is broken - I think this is a frustrating time for the industry but you didn't hear too much complaining in 2005.It's interesting that some people feel all we need is the data out of the hands of the MLSes and real estate companies and into the public. I thought it already is (Realtor.com, IDX, Zillow, Trulia etc etc etc etc etc etc). If you think these data companies (even Realtor.com) are there for philanthropy you're mistaken. The more middle-people you add to a transaction the higher the cost per transaction and at the end of the day who pays? I now it's fun to spit on the Realtor and blame all your ills on him/her but I've seen more buyers messed up from incorrect opinions formed off of so-called "helper" websites than the ones that come to me knowing nothing. That's a fact.What is needed is more personalized service and less data. Yes, that's right - less. If you're buying a home in Illinois you don't need to hear how someone's transaction in California went. That's how buyers get confused. And a confused buyer is an unhappy buyer. It also breeds mistrust - if you're trying to explain something and they've heard something different from someone else on god-knows-what site, there's a thread of mistrust that gets woven in there when it doesn't need to be.It will be about agents taking things back to the local level and focusing on communities rather than exploding all over the place like we've seen over the past 3 years. IMO that's the next evolution.

  (0)
5 siblings inherit house and 4 want to sell but one lives there & doesn't want to move?What to do?

Answer

You need an attorney for this situation. It depends on what type of ownership you have in the property as to what can be done. Eventually you may have to take this one to court to get them to order a sale as selling your "shares" of the property individually probably isn't going to work. I don't believe the common forms of ownership offer the right of one party to buy out the others although it is an option if all the parties are agreeable to it. But again, talk to an attorney - this is in the realm of law and real estate agents are unable to give you advice, unfortunately.

  (0)
Average DOM for a Realtor... Still Relevant Today?

Response

I personally don't think DOM was ever a valid factor in rating a listing agent. There's just too much involved with that number. Plus different MLSes have different ways of counting or "resetting" DOM so how would you use that data on a national level without knowing how each MLS handles it?Short sales drive that number up - yes, I've had a short sale on the market a year-and-a-half after we went through 3 buyers for a variety of reasons, having to re-start the process each time. Was I happy about it? No. Was there anything that could have been done about it? No (and yea, we did qualify each buyer before accepting offers).As a general rule I will not take an overpriced listing, but there are strategic reasons why I would. A highly visible listing, one where I think the sellers will eventually be reasonable or a listing that will establish me in a market area are all reasons why I would consider it. My clients always get the full facts on pricing but ultimately we, as listing agents, can't force them. After my best efforts, yes, there are reasons why I would be willing to take that overpriced listing rather than let it go to someone else. That's not inexperience - that's business strategy.Long story short: no, I don't think DOM applies to ranking the ability of an agent.

  (0)
Reset number of days on Zillow

Answer

I like to think of this site as an information supplement. It's not going to be the most accurate and that's what I tell clients. It's great for getting a broad perspective and the graphing and trending is cool. But for the nitty-gritty details and getting information to base a sale or purchase on, it can't replace a real estate professional. In the end, once you have mounds of data to go on, the public needs guidance to sift through the bad info to get to the good.

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