REALTOR®

Do you have a recurring client base? Like do they trust you to find them their next home?

Asked by rodzilla almost 12 years ago

I haven't had a client I have helped place move yet, but I do hope they will turn to me when the time to move comes again. The best way to ensure this is to only take on clients we feel we will work well with. I am a very sociable, high energy person so I might not be the right fit to a super detail oriented, introvert. I would never want someone to suffer through my exuberance in order to make a buck. It is in my reputation's best interest to find my client a better fitting agent. I get to refer business to another trusted agent, I get a referral fee, and my client doesn't have to fight the urge to roll their eyes every time I speak.

Thank you for the question!

 

My buyer is apparently having trouble with his financing, even though we've signed the sale papers. I technically have the right to declare a default, but are there others strategies I should consider before doing that?

Asked by Rick over 11 years ago

That would depend on what the nature of their financing trouble is. Perhaps they should speak to a different lender? I have heard of deals falling through after they have been accepted because buyers aren't told that the loan underwriters keep their financial life under the microscope after pre qualification. Many buyers, if not instructed properly, will go out and buy all new furniture after hearing about their offer being accepted without realizing their credit gets run again before the loan is funned. They rack up the credit cards, their scores adjust and suddenly they no longer qualify for their loan and the deal falls through. Not sure if that's the case with your buyers, either way it's not a fun thing to go through for either party involved.

Thank you for the question Rick!

Have you ever had a buyer or seller try to back out of a sale after the paperwork was signed, and what happened?

Asked by Maddy1 almost 12 years ago

I've never had this situation happen to me, but deals do fall through for many reasons. It is totally possible to back out after negotiations; however, it is not without cost. Once an offer has been inspected a buyer usually has a 17 day inspection period where they can order a terminate report, home inspection, and roof inspection. Depending on negotiations either party could pay for these. If the buyer finds something troubling in the inspections we write up a request for repairs where we ask the seller to fix the issue. If the seller refuses the buyer could back out of the deal and get their earnest money deposit back (Usually at least $1000). If they back out after the inspection period they lose their earnest money deposit and whatever money they put into inspections.


I hope that answered your question Maddy1, thank you for asking it!

What's your best advice about how to predict the direction of the housing market?

Asked by Ruth almost 11 years ago

real estate agent is a career that peaked my interest since I am career planning for my future What was the process of becoming a real estate agent for you? and could you explain how the pay is since RE Agents get paid commission And is it stressful?

Asked by Alex01106 over 5 years ago

I assume you're not always out showing apartments and houses. What's a day like at the real estate office?

Asked by Lagerfeld almost 11 years ago

Are cities where real estate prices are higher automatically more desirable to work in for realtors, because the commission is higher?

Asked by Mike almost 11 years ago