Blonde moment

And the silver spoon.

Tuesday, February 26, 2008

Home buyers journal part two…

OK, so here’s a lesson for real-estate agents in a buyers market. RETURN YOUR PHONE CALLS. When shopping for agents, I had four leads, all from friends who had recently purchased houses and one from my aunts who recently sold my grandmother’s house. The agent who worked with my aunts took a FULL WEEK to return my phone calls. (I'm still waiting to hear from two agents.) And, only after we had been really busy looking at houses all weekend, did he call on Sunday. We just didn’t have the energy to talk to him and we didn’t have the time, frankly. So, he called again on Monday.

Basically, I had to tell him the frank truth: It’s a buyers market, and people who aggressively want to search for a house look for other representation fairly quickly. I told him who we went with, why we went with this agent, and that we had already looked at ten houses.

His response, “I probably lost out on $6,000 in commission because I didn’t return voice mails.”

Lesson to sellers: Does your agent return your calls promptly? Furthermore, if a potential buyer were to call your agent how quickly does he return THEIR calls?

2 Comments:

  • At 12:56 PM , Blogger Chad The Elder said...

    Liz-

    That's unbelievable. We're trying to sell our house (and then buy another one) and we constantly get solicitations (via phone, mail, etc.) from other realtors begging for our business. We're already locked in with a guy we've known for years, but it's definitely not a market for the complacent.

    By the way, if you're looking for a nice home in the West Metro...

     
  • At 5:38 PM , Blogger Liz said...

    We've been looking in Scott County, actually. I'm taking a similar risk an uncle did 30 years ago... he bought in Burnsville back before it was developed, and he saw his property value increase substantially, I'm hoping Scott County ends up the same. We'll be praying for a buyer for your house! The WSJ did report demand for existing housing is up in the mid-west, unlike other regions. So, there is some hope!

     

Post a Comment

Subscribe to Post Comments [Atom]

<< Home