Realtor slowing me down

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Realtor slowing me down

Dov Klitnick
New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes

Not shore what to do i have a realtor that's helped me out alot so I don't want to go around her but I'm trying to get a property asap but ever tim I wanna put in a offer or go look at a property it takes her a long time to get back and by then its too late any suggestions? 

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
5y
Originally posted by @Dov Klitnick:

@Russell Brazil @Deanay Morris it takes her a couple of hours which I'm just not shore if that not good for a realtor she keeps telling me that im not her only client which I understand but at the same time I want to be the first one putting in a offer right when it comes on the market so I'm just not shore if I'm being unrealistic cuz at fisr she responded pretty quick but then it started taking longer to get a response 

 A couple hours?

I dont want to be mean here, but you need to get a grip on reality. Your expectations are completely unreasonable unless you are willing to hire someone as an employee. 

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  • Michael Plante
    Deland, FL · Member since 2017 · 2k+ posts · 1k+ votes
    5y

    You said she helped you out a lot 

    What did she do?

    5Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    5y

    Define long time. 

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  • Deanay Morris
    Real Estate Agent · Atlanta, GA · Member since 2017 · 2 posts · 12 votes
    5y

    Since you are her client, you need to have a honest and real conversation with her about your expectations and to see if that is in alignment with the service she can provide. Also, as other members have stated what do you define as a long time for a response? The response time varies from person to person so again making sure you and your agent discuss expectations on the front-end and the level of service should help. If not, it may be time to look into finding a new agent, this market is moving fast and waits for no one.

    12Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Michael Plante she set me up  Search specifically for me on her mls thats she send to my email she took me to some showing  she put in a  Couple of offers 

    1Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Russell Brazil @Deanay Morris it takes her a couple of hours which I'm just not shore if that not good for a realtor she keeps telling me that im not her only client which I understand but at the same time I want to be the first one putting in a offer right when it comes on the market so I'm just not shore if I'm being unrealistic cuz at fisr she responded pretty quick but then it started taking longer to get a response 

    1Reply
  • George W.
    Investor · NJ · Member since 2018 · 869 posts · 921 votes
    5y

    The Internet age has made people way too impatient. Everybody wants instant gratification thanks to it. With how busy the market is most sellers arent going to instantly jump at the first offer anyways.  

    I'd say if it took a whole day to get back to you then it may be time to talk about it but several hours is not unreasonable at all

    17Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @George W. I hear what ur saying but at the same time I have hade a couple of property I wanted to put a offer on the same day it got listed and they told me they expected an offer 

    0Reply
  • George W.
    Investor · NJ · Member since 2018 · 869 posts · 921 votes
    5y
    Originally posted by @Dov Klitnick:

    @George W. I hear what ur saying but at the same time I have hade a couple of property I wanted to put a offer on the same day it got listed and they told me they expected an offer 

    Just because an offer was accepted doesnt mean that the deal will go through by any means. Not sure an exact number but real estate deals do fall through. Several times properties I looked at and got out bid on fell through after they accepted a higher bid in the last few years. 

    I'd probably venture to say that someone who blindly bids on a property hours after it goes on the market, is a lot more likely to fall through during the inspection period. It's a competitive time to buy right now in most places but you can't expect a agent to just drop whatever they're doing at a moments notice to do an offer. 

    4Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    5y
    Originally posted by @Dov Klitnick:

    @Russell Brazil @Deanay Morris it takes her a couple of hours which I'm just not shore if that not good for a realtor she keeps telling me that im not her only client which I understand but at the same time I want to be the first one putting in a offer right when it comes on the market so I'm just not shore if I'm being unrealistic cuz at fisr she responded pretty quick but then it started taking longer to get a response 

     A couple hours?

    I dont want to be mean here, but you need to get a grip on reality. Your expectations are completely unreasonable unless you are willing to hire someone as an employee. 

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    30Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Russell Brazil i appreciate ur input

    0Reply
  • Michael Swan
    Rental Property Investor · San Diego, CA · Member since 2014 · 1k+ posts · 2k+ votes
    5y

    @Dov Klitnick

    You are going to laugh!! However, I got my last deal simply by placing a Craigslist ad saying, “Swanny will buy your place for a GREAT price!!

    No joke!! It ONLY takes one!!

    Swanny

    6Reply
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    5y

    How often are you putting in offers right now?  and how many are competitive offers (vs lowball offers).  If you have standard conditions, you could ask her if she can fill out an offer leaving anything custom (ie price, address, etc) blank.  Realistically she's right that she has other clients.

    1Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Michael Swan o wow thats crazy good for u man where do u live that it worked 

    1Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Theresa Harris so I'm actually not lowballing the offers I'm usually coming in above asking cuz im just trying to get something to lock in these low interest rates so it just even out and the blank contract is a good idea and I'm not really mad at her I just came on here for more experienced investors 

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Michael Swan:

    @Dov Klitnick

    You are going to laugh!! However, I got my last deal simply by placing a Craigslist ad saying, “Swanny will buy your place for a GREAT price!!

    No joke!! It ONLY takes one!!

    Swanny

    Swanny package that up and sell it as a guru for 30k  LOL..  good job..  your right it only takes one

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    3Reply
  • Lynnette E.
    Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
    5y

    If its only a few hours, maybe you need to be patient, but with her saying you are not the only customer and getting back to you slower than she did at first it may also be a sign that you are not a desirable customer.

    I had a realtor that I looked at properties for well less than 2 hours two Saturdays in a row.  HE had a rule, only 3 properties at a time / in a day.  But there were 12 properties listed that I had on my own already looked at the neighborhood and outside and I wanted to see the inside of all 12 before I focused on buying one.  At that time it was a very slow market.  He knew my goal.  I asked him PLEASE let me see the last 6 at once so I could make an offer.  He said, no only 3, so I saw 3 more.  

    The next week he cancelled on me.  

    I thought he had invested a lot of time in showing me the 9 houses so far, so I waited for the next week and he said he could only show me at night, after dark.  I said no, I wanted to be able to look well and make an offer.  He said then you will wait until next week.  

    I called another office, a little further out of the area, explained the situation and that there could be a claim if I offered on one of the first 9 properties.  She was ok, and took me to the last 3, plus another new one that came up on the market. I was in the car within an hour of calling and her assistant was getting permission for the remaining houses as we looked at the first. We went back and looked at on house again from the first 9, which is the one I offered on.    I made an offer and closed on a house, cash, 2 weeks close.  She got the commission.

    Then the first realtor called me and asked what happened.  He told me he was angry because he spend a lot of time with me.  He had never tried to follow up with me until he saw the sold with my name.  I told him I definitely would be buying one of the houses, just had to show me the last 3.  He made his choice.

    So, if you think that the realtor is balancing too many clients to service you, or has others interested in similar properties, don't feel bad about changing realtors.  They will trade time with you for another client who may bring a higher commission.

    7Reply
  • Tyler Williams
    Dentist · Taylorsville, UT · Member since 2013 · 102 posts · 68 votes
    5y

    @Dov Klitnick

    You can have more than one realtor. I have several because some are more familiar with different parts of the state I live in then others.

    I just want to be careful of your state laws and not to be working on the same deal with multiple realtors.

    If you think it’s taking too long I would try someone else out and if you still feel like it’s taking too long, then it may be more of your expectations than the actual realtor.

    1Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Lynnette E. Some times I just wanna put in the offer with the agent listing it cuz a lot of these houses i found my self but at the same time she did spend time on helping me  so its tuff 

    0Reply
  • James Hamling
    Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
    5y
    Originally posted by @Dov Klitnick:

    @Russell Brazil @Deanay Morris it takes her a couple of hours which I'm just not shore if that not good for a realtor she keeps telling me that im not her only client which I understand but at the same time I want to be the first one putting in a offer right when it comes on the market so I'm just not shore if I'm being unrealistic cuz at fisr she responded pretty quick but then it started taking longer to get a response 

    ROTFLOL!!!!

    3Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @James Hamling rotflol? 

    0Reply
  • Dov Klitnick
    OP
    New to Real Estate · Brooklyn ny 11230 · Member since 2020 · 69 posts · 21 votes
    5y

    @Tyler Williams thanks ill take that into consideration? 

    0Reply
  • Account Closed
    Member since 2020 · 983 posts · 1k+ votes
    5y

    If you want to be successful, then don't put all your eggs in one basket. I don't believe in marrying one real estate agent because you put yourself in a situation where you limit your ability to find better properties than those only one agent can offer you.

    Don't be embarrassed to let your agent know you are seeking the best opportunities from multiple agents and don't go for that b.s agents say when they tell you they don't want to 'WASTE' their time with you because most agents are full of b.s. because they tell you that every property they show your is great with no regards for whether or not the properties will produce the financial results you want to achieve.

    Here is a serious problem with many investors. When you have an ample amount of experience in regards to how to do the math to achieve maximum profits, then you automatically realize you cannot rely on real estate agents for sound investment advice. So, if your real estate agent wants to sell you any property, only to line their pockets and with no regard for your risking your money, then why would marry one single agent and hope and pray that you did not miss out on some golden opportunities you could have purch.

    I told the story on BP about 10 times about the real estate agent who gave me the listing for a 28-unit apartment building. He was rude and insulted me about 5 times in less than one minute. So, I grabbed the listing from his desk and took it to a real estate broker who was a friend. I asked him to make an offer $300,000 less than the asking price. He said the offer was too low. So, I told him I would take the listing to another broker and then he agreed to make the offer. I purchase the property and saver $300,000 of my money because I am responsible for watching my own back and cannot rely on  brokers.

    I just closed escrow on a 6-unit building last week. I spent several months looking for a property and dealt with 15 or 20 real estate agents. I doing a plumbing job for a customer and the customer was a real estate broker. The broker gave me about 15 great listings that no other agents had given me. This broker, unlike others, said he had a number of other brokers he called on the phone every few days and those brokers gave him listings that were not in the mainstream. That is one reason to constantly work with multiple brokers.

    Sorry, agents and broker! No loyalty in my blood when risking my money!

    6Reply
  • Jonique Whitaker-miller
    Rental Property Investor · Morrisville, NC · Member since 2021 · 8 posts · 5 votes
    5y

    I understand. Let me give it to you in both perspectives. I've had people hold out/ not be as aggressive as I wanted them to be which caused me to lose out on a property I wanted. Seller had a short time period and the offer was submitted after the due date I was upset. So this is why I say I understand.

    However, if you have worked with this realtor before then you should know she knows what she is doing. Not saying there could never be a error but do know this realtor wouldn't do nothing to jeopardize the client & agent relationship. I can tell you that, these things takes time & although communication hasn't been extended yet, doesn't necessarily  no progression is being made. 

    Give yourself 1-2 business days and do a follow up. If you like me, 1 business day and after call, email &/or Text!

    0Reply
  • Wayne Brooks
    Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    5y

    Sellers would be idiots to take an offer on the first day, let alone a few hours. The first few hours don’t matter in the least, if you insisted on that, I’d drop you. Yes, the listing agent would Love for you to come to them.....more commission for them, better deal for their seller, worse deal/information for you. 

    9Reply
  • Elise Hazzard
    Property Manager · Saint Petersburg, FL · Member since 2016 · 182 posts · 51 votes
    5y

    @Account Closed, you are my kind of investor!

    Can't tell you how many times I've missed the deal due to poor 'professional assistance'

    If you know your market, your stats, and the deal you want, you've gotta be the one who makes it happen!

    1Reply
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