I feel your pain, but NOT ALL Realtors are lazy liars.(close…but not quite all)

I’m a Real Estate Investor and have my RE license in South Carolina. It does amaze me how many licensed agents are unprofessional & do not follow the code of ethics laid down by the National Association of Realtors.

At least twice a week, I come across agents who don’t disclose that the property is listed by a brokerage in their advertising = BIG NO-NO. I’ve emailed agents inquiring to whether their clients would like to sell via a lease option and we get no response. After talking with them by phone…I’ve even had Realtors say that they’ll check with their clients and never hear from them again. And yet another Realtor who I was hoping to help sell her listing, told me “You snooze, you lose…” after the property went pending with someone else!

You can’t totally blame Realtors for not thinking outside the traditional…get a listing/put it on the MLS/wait for a buyer scenerio because that’s all they’ve ever been taught. A good Real Estate Agent will educate themselves so that they can work in the best interest of their client – not what seems to work for their own agenda & bottom line.

I’ve personally spend quite a bit of $$$ learning innovative/creative techniques for buying and selling(like Lease Options and other strategies)so that as an Investor, we can fill a need in the market or as a Realtor, I can TRULY give my clients ethical/professional/educated service.

Viva La Lease Options!!!

I was appalled by a friend of mine (lets call her Mary) who is a real estate agent. She works for Weichert Realtors. This past year I gave her my home to list. We listed my home in December at $300,000 with room for negotiating (as it is no longer a sellers market). After five months a buyer finally came forward and gave a low offer of $215,000. I was not offended all. What we did was negotiate to a closing price of $235,000. At first I was pleased. But…..when it was time to look and purchase, I could not believe the way I was treated by Mary. We looked at about six homes. One of the homes was a definite fixer upper which I felt was totally not worth the asking price of $250,000 and it had been sitting on the Market since April. So I told Mary I would like to put a low cash offer in of $180,000 (with room for negotiating, or so you would think). She told me the offer was too low and the buyer would not accept it. She did not even call the listing agent, nor did she complete a contract. Some friend let alone some agent she turned out to be. I am still looking at the market and have noticed that the home is still active and has not yet sold. So now I am on a different level of looking and dealing with realtors. As far as I am concerned, I work with all realtors and who ever truly works the best and cares the best will make the most money. I have some friends that have also been treated poorly by Realtors. Starting September 1st we have decided to bid any kind of offer we feel is necessary. Any Agent that does not submit the offer will be reported to (NAR) National Association of Realtors and NJ Real Estate Commission. Some Realtors truly do not deserve to have a License.

Still great info there!