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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  • Dennis Pressey Jr
    Specialist · Philadelphia, PA · Member since 2014 · 231 posts · 69 votes
    5y

    @Dov Klitnick

    If you are operating at a level where you have the ability and willingness to make offers within hours of a property hitting the market - then it sounds like this realtor is not for you.

    If you are capable and expecting to operate this way, you should be interviewing agents/realtors to fill a position on your team - not hire some retail buyer realtor.

    .02

    PS - get your license, problem solved.

    0Reply
  • Jason Butts
    Rental Property Investor · Cambridge Ohio · Member since 2019 · 34 posts · 8 votes
    5y

    @Dov Klitnick

    If you aren’t under contract to work with her I’d find another realtor. Try expanding your network with like minded people and maybe get some references rather than than picking straight out of the “phone book”. This exact thing happened to me. My realtor (I feel) was responsible for me losing 3 deals before finally coming through on the 4th. He sent emails to wrong addresses, or “had it pulled up on the computer” but forgot to press send. It was always something. He’s excuses reminded me of my own excuses when I was a kid and that didn’t sit right with me. It is ok to do what is best for you and if she’s not quick enough for you then I’d move on, as long as your not the annoying “tire kicker” type of person. You get moved down their priority list if you have them showing and showing and showing and you don’t make any moves.

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  • Lynnette E.
    Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
    5y
    Originally posted by @Dov Klitnick:

    @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 

     I do that, use the listing agent or another agent in the same office, as they will market your offer to the seller better as they get the whole commission for their broker.  Just be careful not to show your hand, eg. don't say things like 'I'll offer $100-k but will go up to $110-k if needed', as this information will be passed onto the seller.  Their loyalty, duty, is to the seller, not the buyer.

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

    @Jason Butts every property i saw with her i put in strong offer 

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

    @Dennis Pressey Jr i hear but I'm just starting still haven't hade one deal so I can't  Hire an agent the reason I'm abe to give a offer so quick is cuz I've done the number on propertys in that eary like 100 times 

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

    @Lynnette E. Thats pretty much what I did at first but then this realtor came along and she sounded pretty good but now she's just slowing me down 

    0Reply
  • Cody L.
    Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ 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 

    You can setup your own serach for properties that are on the MLS. Then put in your own offers. Skip using the agent. Honestly they're likely thinking you're going to run them ragged putting in offer after offer but won't buy anything. And after a few offers that were rejected, if I were the agent I'd stop going out of my way to jumping whenever you said "make another offer please".

    Or I'd say "You're trying to buy a property for $300k.  My commission will be $9k.  So how about you give me $4,500 now, and when we close on a property I'll refund you the full commission".  That way you save $4,500 off the price, but the agent knows that you're legit and plan on closing on something.

    If I were an agent that's the only way I'd work with someone.  Work for 1/2 the commission, but in exchange get it up front.  If someone didn't want to do it I'd assume they thought they were not going to buy, thus it would be someone I wouldn't want to put in free labor for.

    (and this coming from someone that doesn't even like agents... but I feel their pain when it comes to working with first time buying investors)

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  • Daniel Delarosa
    Real Estate Agent · San Diego, CA · Member since 2020 · 29 posts · 9 votes
    5y

    @Dov Klitnick, you should interview as many realtors as you see fit. I, as a realtor in San Diego, interview my clients to see if we would be a good fit. The same should go for my clients. I have to privilege of choosing who I’d like to work with so that there are no conflicts when we are doing business. That’s the beauty of the real estate industry; you don’t have to settle!

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

    @Cody L. But thats not the case here most of the time I just have the listing agent show me the property and when I put an offer in I don't low ball the offers so she knows that im actually trying to clos on something asap 

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  • Pierre M Eade
    Real Estate Agent · Yardley, PA · Member since 2018 · 3 posts · 4 votes
    5y

    @Dov Klitnick I'm an investor and an agent. As an agent you have multiple clients. In other words, you're not her only client. Also if she's an active agent she's on the road or showing half the time, not looking at text messages. Be patient bro.

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

    @Pierre M Eade I understand that but at the same time its tuff for me not to get mad cuz when it takes her time to get back to me and by then a offer has been excepted it makes it frustrating 

    0Reply
  • Joanne Tsai
    Investor · Millburn, NJ · Member since 2018 · 141 posts · 100 votes
    5y

    @Dov Klitnick

    if she knows what she is doing, and you are not lowballing anyone, you will get a deal eventually. it is unfortunately a crazy market. I am at the point where I don't even ask to see the house in person, but would get an offer accepted first and do a very detailed inspection. that means, I put in a pretty decent offer within a day or two after it's listed. I know once there is an open house, my chance of winning a bid is close to 0 unless there are some major issues with the house.  

    my relator is not super fast, and he is busy enough with all the other things he is doing and managing. Sometimes he did forget to follow up with the listing agents, and when I reminded him, the house was already in contract. It probably happened twice year to date, but I also bought a few houses on reasonable terms with him. He does everything else reasonably good, but just a busy man!

    No agent is perfect, you need to find someone you trust and enjoy working with. If she is too slow for you, go try and interview someone else. it's also a learning process what type of agents can work best with you. 

    0Reply
  • Hersh ShahBusiness Member
    Realtor · Atlanta, GA · Member since 2016 · 121 posts · 80 votes
    5y

    @Dov Klitnick

    As a lot of other have said, you need to have a conversation about your expectations and her reality. The truth is, she is an agent and has other clients that she could be meeting with for showings, appointments, personal life etc.

    Its perfectly normal to give the client she is with her undivided attention and do the same for you when she is with you.

    If a couple hours is too much, go find a rookie with no clients. That is even tougher to deal with.

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  • Erika Ewers
    Realtor · Portland, ME · Member since 2021 · 3 posts · 2 votes
    5y

    @Curtis Mears his agent is returning phone calls within a few hours of him calling her. I don’t see what the problem is. If it were a few days later then it could be a problem because properties go under contract about 4-5 days after being listed where I am. Generally it hits the market on a wed or Thursday. Showings are on thurs, fri, sat, and sun. Then offers are due on sun eve or Mon eve. Then seller reviews them and decides on tues. there’s plenty of time to put an offer in and sellers are def not picking their first offer they receive. Now if your realtor doesn’t have time In her sked to show you the houses by the end of the wknd there’s a problem and yes, you prolly are missing out on a property. That’s when I would consider working with someone else.

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

    @Erika Ewers I'm not shore where u live but the way the market is in NJ houses are under contract the same day I've hade it happen a  Couple of times

    0Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Dov Klitnick

    Communication is key, tell her you’re missing out deals because of her and find a better agent

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

    Hi @Dov Klitnick

    That was in Mentor Ohio a community that I always wanted to find a good deal and Brokers were not bringing me any.  I may start to do that again on Facebook and on Craigslist again.  Remember, it ONLY takes one owner thinking of selling to call you!!

    If you change the way you look at things and the things you look at change right before your eyes!!

    Swanny

    1Reply
  • Simmi Minhas
    Real Estate Agent · Los Angeles, CA · Member since 2021 · 16 posts · 11 votes
    5y

    Did you sign an exclusive buyer contract with her? if not then find yourself another agent. If you did then you need to discuss this with her and see what the clauses are that allow you to break the contract.

    0Reply
  • Puggy Patel
    Member since 2021 · 4 posts · 1 vote
    5y

    @Dov Klitnick couple of hours is not unreasonable. You can always get real estate training become a realtor yourself, and then start doing your due diligence yourself and making your own offers

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Cody L.:
    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 

    You can setup your own serach for properties that are on the MLS. Then put in your own offers. Skip using the agent. Honestly they're likely thinking you're going to run them ragged putting in offer after offer but won't buy anything. And after a few offers that were rejected, if I were the agent I'd stop going out of my way to jumping whenever you said "make another offer please".

    Or I'd say "You're trying to buy a property for $300k.  My commission will be $9k.  So how about you give me $4,500 now, and when we close on a property I'll refund you the full commission".  That way you save $4,500 off the price, but the agent knows that you're legit and plan on closing on something.

    If I were an agent that's the only way I'd work with someone.  Work for 1/2 the commission, but in exchange get it up front.  If someone didn't want to do it I'd assume they thought they were not going to buy, thus it would be someone I wouldn't want to put in free labor for.

    (and this coming from someone that doesn't even like agents... but I feel their pain when it comes to working with first time buying investors)

    Cody I like that one half commish up front.. been doing this a few decades now and never heard that one before I like it and I am going to steal that idea  :)   I think agents would jump at that.. when i owned my brokerages you would be surprised how many agents got into commission advance deals  IE borrow against future earnings. Kind of like pay day lenders for real estate agents.  but here instead of paying interest to get the advance fee there is no cost to the money coming in.. And if your buyer never buys you have guaranteed income..  this is brilliant idea !!!

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  • Ammanuel S.
    Specialist · Toronto, ON · Member since 2019 · 20 posts · 1 vote
    5y

    @Dov Klitnick that sounds like it’d be extremely frustrating. I’d explain the situation to the realtor and see if they change their ways, if not, you should find a better realtor.

    0Reply
  • Tyler Fontaine
    Investor · Cranston, RI · Member since 2019 · 9 posts · 8 votes
    5y

    @Dov Klitnick I can see where you're coming from but I agree with @Russell Brazil. If she's not an employee of yours then it's tough to justify her being at your beckoning call. A couple hours is not the end of the world, especially if she is a good agent and has other clients. 

    Additionally, you should talk to your agent about putting in backup offers on properties that you're interested in. To @George W. point, deals fall through all the time. You may be able to set up a back up offer in the event it does fall through and you now have first dibs on that property.

    Last point, this is a sellers market. I'm in RI and MA, and we are seeing people offer $30k over asking, waiving inspections, covering $15k appraisal gaps, and closing at sellers discretion - and STILL losing to a better offer. It's a numbers game right now. Keep on trying. You'll get one.

    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    5y
    Originally posted by @Russell Brazil:
    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. 

     You need to get your own license is that's your definition of slow lol.

    1Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    5y
    Originally posted by @James Wise:
    Originally posted by @Russell Brazil:
    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. 

     You need to get your own license is that's your definition of slow lol.

     Just imagine though when he has his own license and the agent on the other side of the deal doesn't call him back for a day or 2 what kind of hissy fit hes gonna throw.

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  • Ilya Kulichkin
    Member since 2021 · 3 posts · 0 votes
    5y

    @Marcus Auerbach, you definitely right about most agents being useless, after all the barrier to get in the industry is minimal.

    However, I have worked with few “outliers” who make 100+ deals a year, and they are usually way to busy to help analyze a deal for an investor. Most of the agents at that level have teams in place where your business can be lost and the service they able to provide with so much deal flow is very limited.

    I would recommend to stick with agents that are at the sweet spot of 25-50 transactions a year. Most likely they are smart enough to grow to this level, but not too overwhelmed with juggling to many clients at the same time.

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