Ms. Realtor Who Do You Think You Are?Â Â Honestly, this is deja vu for a client I had that was so similar to anassociate's issue yesterday I needed to share it. When Mr. Realtor thinks he knows all - Who do you think you are? Â Warning all Realtors who give advice toÂ otherÂ Realtor's clients, it just is not an appreciated practice inÂ Rhode Island real estateÂ and you have no idea of the facts of these clients.
Yesterday an associate called me up right after an open house in a slight rage and needed to vent obviously. Â HisÂ clientsÂ had come back from open houses and had found the 'perfect home'. Â Yes it was overpriced he said but they loved it. Â HisÂ sellersÂ
were totally excited. Â The selling Realtor (notice i emphasize SELLING) told his clients (who are alsoÂ buyers
) that the house would be lower next week (just what Your clients want you to share today right?). Â The listing agent's clients would do a hubbard on their house and my associate's clients could get aÂ bridge loanÂ
until their home sold. Â Well my associate was beyond upset he could not contain himself.
What was that Realtor who did not represent his clients get off telling them what to do without understanding their indebtedness!? Â They own more than one house you see and need to sell both of them first. Â Well good Realtors sell homes right? Â Yes, but this listing agent was overstepping her bounds as a Realtor. Â
His buyers were so excited that they could get a bridge loan which he had not shared with them because it did not seem like the right financial option for them. Â They were all eager to make a higher offer on this home than he suggested because they wanted it and could lose it to another buyer. Â Perhaps...
Not so fast my associate says to them. Â You are house poor, retired and one of you went through bankruptcy in the last two years. Â Who is going to give you a bridge loan at a reasonable mortgage rate do you think? Â They stayed still and said well the other Realtor said it would probably not be an issue. Â
Well now you did it...put all your cards on the table and shared confidential information with the other party ( full disclosure: Â I am a cooperating agent with my associate on his clients property for sale). Â A true no-no. Â I wonder now where this transaction will go.
Please clients Keep Your Finances to Yourself when talking toÂ other realtors
Â that doÂ not
Â represent you. Â It is so important that home buyer's advice for you as a client comes from Your Realtor representing you if you trust them. Â Your finances are confidential and not to be shared with another Realtor then the one representing your interests. Â Revealing your personal information gives the other side an edge when negotiating the house of your dreams. Â Ms. Realtor Who Do You Think You Are?
Ginny Lacey GormanÂ is aÂ North Kingstown RealtorÂ who works and knows theÂ waterfront RI real estateÂ geographic area of homes for sale, schools, happenings and important tidbits of informationÂ well. Waterfront, water view, ocean front, luxuryÂ andÂ coastal Rhode Island real estateÂ are my specialty.Â Â If your consideringÂ Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you!Â Â Â
Â When you are in need of an internet savvy RI realtorÂ®Â who sells homes in this real estate market,Â call Ginny today atÂ 401.529.7849.
This blogÂ Â©Â and its contents is original to Ginny Lacey Gorman
Ginny L. GormanÂ a purveyor of Fine RI Real EstateÂ Â Â
Specializing inÂ waterfront, ocean front, vacation, coastal and luxury homes for sale inÂ North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyondÂ ...Â Â I sell dreams! Â because there is no place like home...the RI Realtor in theÂ Sparkly Red Shoes.
Looking for a terrific Rhode Island Realtor?Â Â Let me GOOGLE one for you!
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cell: 401.529.7849Â Â office: 401.884.4100 ext.268 Â Ginny Lacey Gorman, Realtor