Boston, MA · Member since 2017 · 55 posts · 10 votes
Since both Buyers/Sellers do work with agents to Sell/buy real estates. There are instances when you ask if a task was suppose to be done by yourself or your agent.
Do you guys (Agents/Investors/Buyers/Sellers...) have a checklist of tasks you perform when buying/selling? Or do you rely on your agents to guide you through the purchase and sale process?
That's a hard one because each deal is different and each relationship is different. I have had some where I just threw a sign in the yard, a listing in the MLS and forwarded everything else over (we had a deal). I have also had them where I stopped over before every showing and grabbed the dog, put it in my car and then followed the potential buyers and their agent through the house like a hawk (That's what the client wanted). I guess on the buy side a general rule of thumb is if it relates to the financing or repairs it's on you. If it relates to the contract and timelines it's on the agent. So my biggest recommendation is to keep a good communication channel open and always ask what the next step and what do we as a team need to have done to get there.
That's a hard one because each deal is different and each relationship is different. I have had some where I just threw a sign in the yard, a listing in the MLS and forwarded everything else over (we had a deal). I have also had them where I stopped over before every showing and grabbed the dog, put it in my car and then followed the potential buyers and their agent through the house like a hawk (That's what the client wanted). I guess on the buy side a general rule of thumb is if it relates to the financing or repairs it's on you. If it relates to the contract and timelines it's on the agent. So my biggest recommendation is to keep a good communication channel open and always ask what the next step and what do we as a team need to have done to get there.
Boston, MA · Member since 2017 · 55 posts · 10 votes
8y
@Mike Cumbie i know it is not always a set situation where you have the same experience. At some point, i want to come up with a basic and comprehensive list of what each (agent, Buyer, Seller) is entitled to do in terms of duties, responsabilities and obligations.
Walnut Creek, CA · Member since 2015 · 3k+ posts · 2k+ votes
8y
Focus on the intent not the tasks leading up to it. For me, from the buying end.... I lean on my agent for technical details/local knowledge. I know what a property "should" go for what rents "should" go for, but they are local onsite. They know my expectations (based on me sending them properties/feedback) and I use their feedback to improve my search. They also push my deal through and present it strong as possible... I can't do that from 2k miles away.
If I was to sell I'd need them to focus on the open house/marketing and helping me rank offers. I should know the target price/days on market and maybe some comps.
@Mike Cumbie i know it is not always a set situation where you have the same experience. At some point, i want to come up with a basic and comprehensive list of what each (agent, Buyer, Seller) is entitled to do in terms of duties, responsabilities and obligations.
Never a bad idea to define roles /responsibility but word of caution don't go overboard. If you make it too detailed you run the risk of missing something and person a) doesn't see it so no action, assumes person b) will do it.
Boston, MA · Member since 2017 · 55 posts · 10 votes
8y
@Sam Shueh with someone very new to buying/selling i would say "Hand holding" but i think it gets easy if the client is educated enough.
@Matt K. i really like the fact to not go overbaording. i think you made a very good point.
thank you, all!