BiggerPockets

Alright, let's admit it. We've all heard some pretty dumb things out of realtors. This just happened to me this week and is easily my favorite. I would say only what he said, but you need the background story to get the full scope of this.

I was out of town this week in Florida for a family funeral and I had to close on two houses - a purchase. The closing was supposed to happen at the beginning of the month but title issues pushed it back to this past Wednesday. Luckily I had the day free Wednesday to do all the paperwork and my bank had a branch location in Florida to wire the funds from.

As I'm out of town, I call my Realtor to ask him if by chance he did a final walk through the day of or day before closing. I hadn't asked him to do that but I figured since I've given him about 20 closings, he might think to do that as a service to a repeat client. His reply, "Well it doesn't matter on this one because you're buying as is. That and I didn't want you to find a reason to not do the transaction. I really wanted the transaction to go through." I'm not kidding.

Now to clarify, I wasn't mad. I don't believe him for a second anyway when analyzing deals so his lack of real care about my businesses' performance doesn't negatively impact me. I was mildly shocked and very amused at his level of honesty. My response literally was, "Aaron....I know all you care about is your commission but can you at least pretend to give a rip about the property you're getting me into? I know your full of sh** whenever you're talking to me and I can respect that you're just trying to sell me on something but don't ever say this to another client. Geeze man, you have truth tourettes."

I'd use another Realtor if I knew of one in my area that operated differently but they don't and frankly what he lacks for in smooth sales operations, he makes up for in flat out drive that the "diva" Realtors lack.

So what's the dumbest thing your realtor said to you?


Tim

P.S. This thread isn't meant to insult the "good" Realtors out there. It's meant to be fun while educational and make the point that YOU are responsible for the quality of your investments.

I have 3 off the top of my head -

Realtor #1 in Florida - A house in my parents neighborhood stood empty and we thought to buy it as a rental. I told realtor price was too high to cash flow. Realtor explained to us for 20 minutes how a property does not need to cash flow. It was couched in the "little lady let me tell you a few things" approach I love so much. We did not buy.

Realtor #2 when I was shopping for a home at a good price - "Aren't you excited! I'm excited! This is such an exciting house for you!" Not if its not the right price and looking like its going to appreciated nicely its not.

Realtor #3 (a newbie realtor) After I spent a while explaining what kind of investment properties I was interested in, kept sending me MLS's of SFH for 1st time buyers - not investing in. I pointed the problem out and she suggested prices were AMAZING so just buy buy buy!

Diane Menke

Isn't that exactly what an agent does (or is supposed to) Market the property they don't own for sale :roll:

the dumbest things Realtors say to me on a regular basis is, " you can't do that"

As long as you have an equitable interest in the property, you can wholesale it. You have to be very carefull as to what you say in marketing. I know a "motivational guru" who had to turn to MLM due to 7 cease and desists from the state of florida. He derserved to get those, FYI.

A good realtor is worth their weight in gold. 90 percent can not spell the word investment. 90 percent of the "investors" can not either.

one of the worst things i've ever heard from a realtor was:

"can we reschedule?"

f that!

"I had an offer on your house, but it was $6K less than you were asking, so I didn't bother to tell you about it."
New York State law requires that agents and brokers report all offers to the seller. It is ILLEGAL not to do so.

I think it would be easier for me to report intelligent things I have heard from Realtors. When you look through the MLS in my town you will notice an average of one misspelled word per listing.

Lately, I have been driving around and checking out listings only to find that most listings have an accepted offer from two weeks ago and the Realtor never bothered to mark the property as sold.

I'm happy that Open MLS is taking away the expensive middle man that is just a door opener.

Me: Is the property located in the 100 year flood plain?

Realtor: Yes, but don't worry -- the whole town is in the 100 year flood plain.

I feel much better about it now!! :lol:

I nearly shot coffee out of my nose in Panera reading this....lol....