Hey Listing Agents…Help Us Help You!
April 15, 2010 by Kristin LaVanway · 2 Comments
Have your people call my people
Distressed property sales are a real pain in the backside. We all know the challenges associated with short sales, but REO property sales are often just as frustrating. Those of us out here in the trenches are constantly lamenting about the less than stellar services provided by REO listing agents. Some teams do an excellent job of liquidating REO properties. They provide fair consideration of our offers and consistent communication when servicing their listings. But other listers are not returning calls and emails, ignoring offers and raising some eyebrows in the management of their listings.
The nature of the real estate business and the balance of power in the current market makes it easy for REO listers to neglect some of the basic duties required to close a deal. Really, if this deal doesn’t pan out, there are plenty of other buyers out there, right? At best, the agent just didn’t have time to call you back with the code so you could show the house. At worst, there are some shady characters who are using questionable business practices for personal gain in this dysfunctional market.
Times are tough enough. Almost every real estate deal has a displaced family somewhere in the mix – every home sold as a short sale or REO tells a sad tale. Let’s keep all of that in mind and maintain some standard of dignity. Just because you work REO’s that are selling like Krispy Kremes during the great doughnut frenzy, every buyer who is interested in purchasing that home – and every agent representing that buyer – deserves to be treated respectfully. The best deal is the one where both sides act professionally towards each other with the common goal of a closed transaction….and let’s face it, every closed transaction brings us one step closer to cleaning up this mess.
And Mr Lister on the home featured in this video…I am still waiting for that lockbox code.
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I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have teamed up with Dean Ouellette to form the East Valley Team - the best darn team in the Valley. Check out our site at http://www.EastValleyTeam.com. I spend way too much time on YouTube - check ou tmy channel at http://www.youtube.com/klavanway
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