Nothing but Bad Realtors out there or is it your bad judgement?
Real Estate Agent · Pompano Beach, FL · Member since 2015 · 249 posts · 73 votes
I have been seeing a lot of posts lately about unethical,bad, lying realtors. The poster comes on here and rips apart the character of the unnamed person. Sometimes as the post progresses and the information about the dispute comes out it seems that a lot of the time it was a mistake on the posters end of not being fully educated on what the realtor was doing. My point is I feel as potential wanna-be-investors if you are serious about the business you must educate yourselves in all aspects of it. The idea that as an investor that you only run into all bad realtors screams out problem! that problem is that your decision making at the very least is flawed. The laws of averages does not support that kind of trend. And if you cant even pick out a decent realtor, how on gods green earth are you going to pick out a good contractor, electrician, roofer, etc? Dont get me wrong I know there are some bad ones out there. Every segment of every profession and life has their knuckle heads, but its blatantly unfair to group an entire group because of what have been your poor choices!
I'm not a Realtor, so what I have to say isn't bias in any way.
I have come across many terrible, I mean "how did they get their license..." or "how/why did the broker take on this agent under them" types. That's true of any profession though.
What I have found though, is there are enough good ones...let me rephrase that, there are enough great ones, for me to agree 100% with what @Rod Desinordjust said above.
The key is to understand that every agent isn't "investor friendly" simply because the have a license. You wouldn't ask a podiatrist to operate on your back just because he has a license on the wall...and, you wouldn't take the first back surgeon you find either. Some, make that most, of the responsibility falls on the REI first to filter through the REA's to find the gold...and trust me, there's a lot of Gold out there.
I use between 3 - 5 agents at a time...and they all know eachother. I also filter them by means of asking a few questions:
1 - Will they submit all offers, regardless of whether or not they (the agent) thinks it will win? Please don't interpret this as the offers will be ridiculous in nature.
2 - Will they make offers before I inspect the property? I only inspect after I get an accepted offer. If I inspected every house before I offered on it I'd go broke...and the agents would kill me for wasting their time.
3 - Are they HUD certified?
4 - Do they work with other REI?...and how many?...and, how many REI deals have they closed on in the past month?
You want a good agent, filter them BEFORE you write that they stink...all of them. With that attitude, if I was an agent, I'd walk (maybe run) the other way when I saw you coming.
Your RE Agent(s) are one of the most important members of your Powerteam...find them, filter them, and treat them well.
I'm not a Realtor, so what I have to say isn't bias in any way.
I have come across many terrible, I mean "how did they get their license..." or "how/why did the broker take on this agent under them" types. That's true of any profession though.
What I have found though, is there are enough good ones...let me rephrase that, there are enough great ones, for me to agree 100% with what @Rod Desinordjust said above.
The key is to understand that every agent isn't "investor friendly" simply because the have a license. You wouldn't ask a podiatrist to operate on your back just because he has a license on the wall...and, you wouldn't take the first back surgeon you find either. Some, make that most, of the responsibility falls on the REI first to filter through the REA's to find the gold...and trust me, there's a lot of Gold out there.
I use between 3 - 5 agents at a time...and they all know eachother. I also filter them by means of asking a few questions:
1 - Will they submit all offers, regardless of whether or not they (the agent) thinks it will win? Please don't interpret this as the offers will be ridiculous in nature.
2 - Will they make offers before I inspect the property? I only inspect after I get an accepted offer. If I inspected every house before I offered on it I'd go broke...and the agents would kill me for wasting their time.
3 - Are they HUD certified?
4 - Do they work with other REI?...and how many?...and, how many REI deals have they closed on in the past month?
You want a good agent, filter them BEFORE you write that they stink...all of them. With that attitude, if I was an agent, I'd walk (maybe run) the other way when I saw you coming.
Your RE Agent(s) are one of the most important members of your Powerteam...find them, filter them, and treat them well.
well said!!! Thats what i was trying to say, you just said it better lol.